All about Northwest Arkansas Real Estate with Nicky Dou: January 2010

Northwest Arkansas is the best place in the world to live! I have lived here my entire life. I love NWA! I also love Real Estate - I hope you will enjoy my BLOG about Northwest Arkansas and if I can assist you with any of your real estate needs - get in touch with me! I am a "proud" workaholic... #1 Century 21 Agent in Arkansas for 2 years straight!!! Help me make it 3!

Lots for sale in Beautiful Bella Vista, Arkansas! NORTHWEST ARKANSAS REAL ESTATE

Welcome to my blog! I am listing 10 lots in Beautiful Bella Vista, Arkansas - these are prime building lots (my client hand picked these lots out of hundreds of lots...) - we are offering each lot at $12,000 OR purchase ALL 10 for $100K. My seller would also consider building a custom home for you on one of the lots, too if you would prefer to go that route. Call me for more details on each individual lot or check back for more information.

Bella Vista has 7 golf courses, 7 lakes, Community Clubhouses, Swimming,  Tennis, Walking Trails, and beautiful rolling hills and landscaping & SOME BEAUTIFUL HOMES AND LOTS FOR SALE!!!

Bella Vista Real Estate

Want to know even more about Bella Vista? I have compiled the best links on the internet about Bella Vista for you right here~

ALL ABOUT BEAUTIFUL BELLA VISTA

BELLA VISTA POA

CHAMBER OF COMMERCE (Bentonville & Bella Vista)

Important Phone Number:

REAL ESTATE PROFESSIONAL: NICKY DOU | Century 21 Exclamation Realty | 479-236-3457

Animal Shelter 855-6020 Loch Lomond Marina 855-8182
Architectural Control Committee (ACC) 855-8080 Loch Lomond Yacht Club 855-8110
Branchwood Recreation Center 855-8181 Metfield Club 855-8106
Carroll Electric Cooperative 273-2421 Metfield Pool 855-8164
Country Club Restaurant 876-2522 Metfield Pro Shop 855-8160
Country Club Pro Shop 855-8130 Recreational Vehicle Park (RV Park) 855-8075
Courtesy Van 855-7663 Post Office 855-6121
Cox Cable TV 273-5644 Post Office - Highlands Branch  855-9891
Fire Emergency 911 Property Owners Association (POA) 855-8000
Fire - Non Emergency 855-8049 Public Works 855-8070
Food & Beverage Administration 855-8100 Riordan Hall 855-8170
Highlands Club 855-8114 Riordan Pool 855-8173
Highlands Pro Shop 855-8150 Scottsdale Pro ShopSheriff  Emergency dial 911 855-8140 911
Kingsdale Grill 855-8117 Benton County Sheriff - Non Emergency 855-3771
Kingsdale Pool 855-8173 Southwestern Bell Telephone (ATT) 800-324-7699
Kingsdale Pro Shop 855-8123 Tanyard Creek Driving Range 855-8133
Kingsdale Tennis Complex 855-8174 Tee Times 855-8199
    Town Clerk 479-876-1255
Lakes & Parks Department 855-8076 Street Department 855-8137
Library 855-1753 Water Department 855-8143
       

CLICK HERE TO SEARCH ALL REAL ESTATE FOR SALE IN NORTHWEST ARKANSAS - THE BEST MLS SEARCH IN ALL OF NWA!!!!

Buying a foreclosure, bank-owned, or REO home | Northwest Arkansas Real Estate

Buying a foreclosure, bank-owned, or REO home 

How is buying a home that is bank owned or managed different from other home purchases?  Usually, when buying a home, you deal with a seller who lives in the home.  On foreclosure or bank-owned homes, the bank has acquired the home through foreclosure, deed in lieu of foreclosure, or forfeiture. 

Tips for buying a foreclosure:

Most foreclosure properties are managed by a bank or third party asset manager, which in turn gives the listing to a Real Estate Agent.  Buying a foreclosure is a different process and can be very confusing, therefore make sure you have an experienced buyer's agent representing you and your best interest. 

You should know the condition of the property, the cost of any needed repairs, and the steps in the loan qualification and closing process before you enter into a purchase and sales agreement.  Most banks will allow the sales agreement to be contingent upon an inspection.  Therefore, you can personally or professionally inspect the property after a sales agreement has been accepted.  Typically you are given 7 to 10 business days after the acceptance of the sales agreement to perform the inspection.

Banks may make some repairs to the property if the damage hinders the buyer from getting a loan.  However, banks generally sells each property "as is", which means that the buyer accepts the property "as is" and the bank is not responsible for fixing any problems before or after the settlement / closing.  Furthermore, the bank does not warrant or guarantee any work that may have been done on the property, whether as part of its efforts to sell the home or pursuant to conditions in the purchase contract.  Buyer should seriously consider buying a traditional home warranty.  Sometimes this can be paid by the seller if negotiated upfront within the purchase agreement.  An experienced real estate agent with foreclosure sales can guide you through this process and help you mitigate your risks. 

Type of sales contract and corporate addendums

Most banks (i.e. Fannie Mae, Bank of America, Freddie Mac, etc) use a state-specific real estate purchase contract and/or a real estate purchase addendum for the purchase agreement.  You may hear the term "corporate addendums" required on some REO / bank owned listings.  This is basically a purchase contract used by the bank which supersedes or is an addendum to the purchase contract used by the bank.  This document may sometimes seem confusing and even imitating to the buyer.  If there is anything in the document you don't understand or aren't comfortable with, you may want to contact a real estate attorney to review these documents with you.  

Other tips you should know before submitting an offer 

You do NOT have to use the bank's title, settlement, or escrow companies.  You may designate your own, subject to the terms of the purchase agreement. 

If you have a home for sale, almost all banks will not accept an offer contingent on the sale of you current home.   

Get prequalified!  Banks want to be sure that prospective buyers will be able to complete the sales transaction, including obtaining financing when needed.  Prequalification allows you to see how much house you can afford and the mortgage amount you may be able to qualify for before you make an offer on a home.  It also helps you focus on homes in an affordable price range.  A loan prequalification doesn't mean your loan is approved.  You must apply for a loan separately, after you are prequalified and your purchase offer is accepted.  Providing a prequalification letter is required when submitting an offer for almost all bank owned properties.  Special financing is sometimes available on bank owned properties.  Make sure to ask you real estate agent. (If you need a Real Estate professional in the Northwest Arkansas area that has tons of experience in these types of transactions - call Jerry Dou 479-236-0362) 

Can you buy a house directly through the bank without going through a real estate sales professional?  Typically, with national banks, the bank depends on the expertise of local real estate sales professionals and accepts offers ONLY through a real estate agent.  You may work with any real estate sales professional to submit an offer to the real estate agent who has the listed the property.  I strongly suggest you utilize an agent that's looking out for your best interest and not the interest of the bank or asset manager. 

 

For more information on purchasing a bank owned property, contact: 

Jerry Dou

Sr. Vice President

Century 21 Exclamation Realty

jerry@jerrydou.com

479-236-0362

 

To find foreclosure properties and other smoking deals in Northwest Arkansas, visit www.NWAFireSale.com.

Get the best deals in NWA at:

www.nwaFireSale.com

NWAFIRESALE

 Properties updated daily

Home for sale in St. Valery Downs | Bentonville, Arkansas

Welcome to my blog. I am happy to present this wonderful home for sale in St. Valery Downs subdivision. St. Valery Down's is located off HWY 112 in Bentonville. (SEE MAP BELOW) - across from Central Park elementary and it is a gated community with security and large lots!

350 Barnstone is a 5500 ht.sq.ft. home on a corner 1 acre lot with beautiful trees and privacy (wood & stone fence). Home features 4 bedrooms, 4 & a half baths, Formal LR & Formal Dining Room - wonderful kitchen with stainless appliances (all appliances convey) beautiful breakfast area & open to Living Room - travertine flooring in the kitchen, laundry and master bath... Granite countertops, LUXURY throughout!!!Hardwood flooring, beautiful fireplace, oversized bedrooms, lots of built in features including built in desk in kitchen& built-in desk for two on stairway landing... Home is really fantastic - please call today to make an appointment. Everything you are looking for and more!

350 Barnstone - Home for sale in St. Valery Downs in Bentonville, AR

CALL ME TODAY (479-236-3457) to find out more about this home for sale in St. Valery Downs or other homes for sale in Bentonville, AR. Visit my website @ www.NickyDou.com for all of your Real Estate needs in Northwest Arkansas! Thanks for visiting my blog... ~Nicky Dou

MAP of 350 Barnstone (St. Valery Downs)

 


View Larger Map

Market Report for Northwest Arkansas

HI - I am Nicky Dou with Century 21 Exclamation Realty. Welcome to one of my Blog Posts! I love technology!!! I also love helping people like YOU buy and sell Real Estate throughout Northwest Arkansas! If you want a detailed Market Report for Northwest Arkansas please email me and I will send you the most recent, detailed Market Report for any town of your choice... any price range you ask me to. Thats my job - knowing the market!

This is going to be a GREAT year!!! If I can be of service to you please call me @ 479.236.3457 or email me... Here are a few great websites if you are looking for real estate in Northwest Arkansas:

Short Sales, Bank Foreclosures, etc. www.NWAFiresale.com

TOP LOCAL REALTOR's Website | Nicky Dou w/C21 Exclamation Realty - www.NickyDou.com

Click here for a free phone app. to search all listings in NWA -  or just TEXT DOU to 87778

Click here to watch the market report video for Northwest Arkansas Real Estate

Relocating for Walmart? All about Bentonville Arkansas including the best Real Estate search in NWA!

Welcome to my blog - I am Nicky Dou and I am a Sr. VP and Executive Broker at Century 21 Exclamation Realty in Northwest Arkansas. I have been in the real estate business for 9 years and have worked for some wonderful companies including owning and operating a small boutique Real Estate company for 2 years. In a nutshell - I love what I do. I have helped many people relocate to Northwest Arkansas from so many different areas and have gained some wonderful friendships along the way. I am a lifelong resident of Northwest Arkansas and currently reside in Bentonville - but the areas I work also include Fayetteville, Springdale, Rogers and the Beaver Lake area (sometimes Bella Vista)... You can read more about me here.  I have been the #1 Century 21 Agent in Arkansas for 2 years straight as well as ranking in the top 1% of ALL Realtors in Northwest Arkansas. Enough about me - I want to hear more about YOU! Email me to begin the process!

I wanted to write this BLOG post for those of you moving to or from Northwest Arkansas including (but not limited to) those transferring for Walmart or a Vendor of Walmart. I have assisted many families relocation process that work (directly or indirectly) for Walmart. Most of the time you are "assigned a Realtor" and I will probably not be the one they "assign to you". However you do have other options - most of the families I have worked with have either been referred to me or found me online way before they were "assigned their Realtor". I am certified with most all of the relocation companies out there including CARTUS & SIRVA and all you need to do is to let your relocation director know that you would like to work with me. If they need any additional information they can call me. I have found that many people do not know that they have this choice.

 

All about Bentonville, Arkansas  (for even more info. about Bentonville as well as other cities in NWA click on the link)

Rich in history, blessed with stunning scenery, and offering wonderful opportunities for outdoor sports and recreation, Bentonville is a city on the move. Part of the vibrant Northwest Arkansas region that ranks among the fastest-growing in the US, this charming city of almost 30,000 draws deeply from its pioneer roots and Ozark heritage. Family-friendly neighborhoods and its intimate historic Downtown reflect the city's small-town and rural community values, yet Bentonville welcomes newcomers and supports business, and is full of excitement about the future. 

Location 

Bentonville is Benton County in the Ozark Mountains, in Northwest Arkansas. It is located at an elevation of 1300 feet in the gently rolling wooded hills and deep valleys of the Ozark Mountains. Bentonville is 20 miles from Fayetteville, 77 miles from Springfield, MO, and 96 miles from Tulsa, OK. 

Interesting Facts/Historic Buildings and Places 

In 1836 Benton County was established as the first county in the state of Arkansas, with Bentonville as County Seat. Through the intervening decades, many of them tumultuous, Bentonville has maintained its historic character and still boasts 72 historic buildings and homes within its city limits, including the well-known Peel House Mansion and Historical Gardens. 

The Peel Mansion was built with meticulous care in 1875, using the best local materials and craftsmen. With his wife Mary, Colonel Samuel West Peel, a pioneer businessman, Indian agent and Confederate soldier who became the first native-born Congressman from Arkansas, raised their nine children on the farm and apple orchard surrounding the house. A splendid example of an Italianate mansion, it has been beautifully restored and furnished with extraordinary period furniture and embellishments to create an authentic early Victorian ambience. 

In addition to its historic and scenic charms, Bentonville has become famous as the home of the founders of Wal-Mart and the site of their first retail outlet. The original Wal-Mart still stands in Bentonville's town square, serving as a visitors' center to illustrate and remember Wal-Mart's history, its rural roots, and the philosophy of its founders, who exemplified the small-town virtues of frugality, hard work, and dedication. The front of the premises recall an old-time "five and dime" store, while the rooms in back form a kind of museum housing relics and mementoes marking the stupendous success of the Walton family and their company.  

Scheduled to open in 2010, the Crystal Bridges Museum of American Art in Bentonville will be one of the foremost art museums in the United States. Set in gorgeous Arkansas woodland, the stunningly designed Museum is the brainchild of Alice Walton of Wal-Mart fame. When completed most of the 25,000 square feet of gallery space will house masterworks of American art from the colonial period to the present day. The Museum will also feature a 250-seat indoor auditorium, areas for outdoor concerts and public events, sculpture gardens and walking trails, and exhibits of Native American art as well as the work of regional artists and special collections from national art institutions. 


Jobs 

Wal-Mart Stores, Inc., the world's largest service and retail corporation, has its headquarters in Bentonville, and many large and small companies (including some listed in Fortune 500) have regional offices in Benton County to support their accounts at Wal-Mart. The huge Tyson Foods Corporation- the world's largest meat processor- is located in nearby Springdale. The economy of Northwest Arkansas is booming, with rapid population growth and many new businesses being established, including high-tech and knowledge-based industries. Unemployment is so low as to be practically non-existent.

Click here for a job search for Bentonville, Arkansas

Housing

Bentonville is a rapidly-growing town in an area experiencing high population growth and economic expansion. Its real estate market currently favors buyers, with a very wide range of homes available in all price ranges. There is growing interest in upscale residential developments and gated communities in the area, including some fabulous lakeside and golfing communities. Some of my favorite neighborhoods include Chapel Hill, Rolling Acres, Hidden Springs, Lochmoor Club, St. Valery Downs, Talamore and many others. For more details on specific neighborhoods in Bentonville - contact Nicky directly @ 479-236-3457. 

Click here to search all homes for sale throughout Northwest Arkansas

Click here to search the best real estate deals including "short sales, foreclosures & smokin hot deals" in Northwest Arkansas

Click here to download a FREE app for your phone to search all homes for sale in Northwest Arkansas... OR just text DOU to 87778 and follow the link that will be texted back to your phone.

Other good websites to check out about Bentonville, Arkansas:

Bentonville, Arkansas Website

Benton County, Arkansas Website

State of Arkansas Website