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Hot Springs Village was just voted the #1 Retirement Community in Arkansas Online's 2017 BEST OF THE BEST. Come see why!
Remember, I can help you get luxury accommodations at HUGE discounts.
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Buying Remains Cheaper Than Renting in 39 States!
In the latest Rent vs. Buy Report from Trulia, they explained that homeownership remains cheaper than renting with a traditional 30-year fixed rate mortgage in the 100 largest metro areas in the United States.
The updated numbers show that the range is an average of 3.5% less expensive in San Jose (CA), all the way up to 50.1% less expensive in Baton Rouge (LA), and 33.1% nationwide!
A study by GoBankingRates looked at the cost of renting vs. owning a home at the state level and concluded that in 39 states, it is actually 'a little' or 'a lot' cheaper to own (represented by the two shades of blue in the map below).
One of the main reasons owning a home has remained significantly cheaper than renting is the fact that interest rates have remained at or near historic lows. Freddie Mac reports that the current interest rate on a 30-year fixed rate mortgage is 3.91%.
One of the main reasons owning a home has remained significantly cheaper than renting is the fact that interest rates have remained at or near historic lows. Freddie Mac reports that the current interest rate on a 30-year fixed rate mortgage is 3.91%.
Nationally, rates would have to reach 9.1%, a 128% increase over today's average of 4.0%, for renting to be cheaper than buying. Rates haven't been that high since January of 1995, according to Freddie Mac.
Bottom Line
Buying a home makes sense socially and financially. If you are one of the many renters who would like to evaluate your ability to buy this year, let's get together and find you your dream home.
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No... You Do Not Need 20% Down to Buy NOW!
The
Aspiring Home Buyers Profile from the National Association of Realtors (NAR) found that the American public is still somewhat confused about what is required to qualify for a home mortgage loan in today's housing market. The results of the survey show that non-homeowners cite the main reason for not currently owning a home, as not being able to afford one.
This brings us to two major misconceptions that we want to address today.
1. Down Payment
NAR's survey revealed that consumers overestimate the down payment funds needed to qualify for a home loan. According to the report, 39% of non-homeowners say they believe they need more than 20% for a down payment on a home purchase. In actuality, there are many loans written with a down payment of 3% or less.
Many renters may actually be able to
enter the housing market sooner than they ever imagined with new programs that have emerged allowing less cash out of pocket.
2. FICO® Scores
An Ipson survey revealed that 62% of respondents believe they need excellent credit to buy a home, with 43% thinking a "good credit score" is over 780. In actuality, the
average FICO® scores of approved conventional and FHA mortgages are much lower.
The average conventional loan closed in August had a credit score of 752, while FHA mortgages closed with a score of 683. The average across all loans closed in August was 724. The chart below shows the distribution of FICO® Scores for all loans approved in August.
The average conventional loan closed in August had a credit score of 752, while FHA mortgages closed with a score of 683. The average across all loans closed in August was 724. The chart below shows the distribution of FICO® Scores for all loans approved in August.
Bottom Line
If you are a prospective buyer who is 'ready' and 'willing' to act now, but are not sure if you are 'able' to, let's sit down to help you understand your true options.
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RE
/MAX of Hot Springs Village
presents...
Hot Springs Village. It's a great place to live.
"Escape to the Ouachitas" is a resource to learn more about all that Hot Springs Village and the Ouachita Region have to offer. From our nine world-class golf courses and more than 30 miles of trails, to 11 beautiful lakes and various sporting clubs, we think you'll find something that appeals to you. Our residents are an eclectic bunch, hailing from across the country and around the world.
Visit Hot Springs Village once and we think you'll want to stay for a lifetime.
Click on the image above to begin your Ouachita Adventure. Stop by our office to pick up a copy today.
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Friends and neighbors get together throughout the year for community events and holiday celebrations including dances, karaoke, Rock Porch sessions, Farm-to-Table events, and more. The Woodlands Auditorium is the performing arts center and has musicals, dramas, and dance, vocal and choral presentations. Way Point at DeSoto Marina is home to Basecamp and the setting for events such as Rock Porch sessions, Crawfish boils and more. Grove Park is an outdoor venue and home to the farmers' market, artisan market, live outdoor concerts, holiday celebrations and community events.
Check out the event calendar or buy tickets by clicking the image.
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Oct/Nov 2017
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Hot Springs Village Homes Magazine The RE
/MAX Collection
Click the magazine picture to view the latest Hot Springs Village Homes Magazine.
The Ouachita Mountain area's natural beauty: Breathtaking vistas, blossoming forest and gleaming lakes, combined with its mild climate, reasonable property taxes and low cost of living make it the perfect place to call home.
Available real estate spans from very affordable to affluent, with homes priced from under $100,000 to over $1 million. The variety of homes ranges from golf-front to lake-front, mountain-view or wooded. RE/MAX offers an assortment of quality property lots for sale, commercial real estate and long-term rental properties too.
Check out my
Featured Listings for this month below!
Email to schedule a private tour or learn more about these great properties.
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MLS # 16005621
4 Bd., 3 Ba., 4,464 Sq. ft.
$449,000 |
194 Empinado Way
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French country dream home! Professionally designed colors & window treatments, beautiful exposed beams in living & kitchen areas, 4 fireplaces, master suite on main level, guest suite & office upstairs, guest suite, wet bar, game room, downstairs! Custom features throughout! Gourmet kitchen with upscale appliance package, new roof, Bennett bros. Landscape, underground fence, lovely wooded area with fall and winter mountain/lake view!
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Link to Listing
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MLS # 17032443
4 Bd., 3 Ba., 3,000 Sq. ft.
$319,900 |
1 Montanoso Circle
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You will have your own private, secluded hideaway with a fantastic birds-eye view of Lake Coronado with this 3,000 square foot home built in 1998. Low maintenance yard and brick & vinyl exterior add to this 4-bedroom, 3-bath home that has fresh paint, new carpet, upgraded kitchen with granite counter tops, pull outs and new roof in 2017. It offers split bedrooms, volume ceiling separate dining room, breakfast room & bar. Three bedrooms on main floor, three decks, great workshop all on over 1 acre of land.
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Link to Listing
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MLS # 15026231
3 Bd., 3 Ba., 2,868 Sq. ft.
$314,900 |
60 Loyola Drive
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Beautiful one level Diamante Golf Course Home built in 2003, located on the 18th tee with fantastic views of #17 Pond and Fountain offering lots of privacy. This home has almost everything including granite counter tops, tile floors, formal Dining Room, Breakfast Room, Two family rooms, study, wet bar, three car garage, sunroom (recently added) and includes split bedrooms, fantastic kitchen, volume ceilings, situated on a 3/4 acre lot.
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Link to Listing
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MLS # 17029165
3 Bd., 2.5 Ba., 3,086 Sq. ft.
$284,000 |
27 Loyola Drive
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Enjoy wonderful outdoor space & unlimited golf with this 3086 sf home located on #11 Fairway of Diamante Golf Course-covered & uncovered patio & hottub for those cool nights. Volume Ceilings, Split Bedrooms, skylight, kitchen island, built-in cabinets & two built-in desks with pullouts, huge master bedroom plus a bonus room upstairs, 3-car garage,with common property on both sides for added privacy. Zoned heat, workshop, new roof-2009, new HVAC-2013 & new leaf guards in 2017 makes this a perfect retreat.
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Link to Listing
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MLS #
3 Bd., 3 Ba., 1,846 Sq. ft.
$249,500 |
30 Maravilla Way
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Enjoy every day in this one-level Isabella Golf Course home with its 3-car garage, 3-BR, 3-BA, split Bedrooms, no carpet anywhere, huge deck overlooking #3 of Santa Maria with northern exposure, Pella windows, Volume Ceilings, circle drive and a buried 500 gallon propane tank for your fire place, BBQ grill and gas cook top.
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MLS #
3 Bd., 2.5 Ba., 2,449 Sq. ft.
$184,900 |
27 Realeza Court
No more day dreaming about living on the golf course with this great home! Enjoy Country Club living at its best with this wonderful -2449 SF home on the 14th Fairway of Diamante. Sitting high with a view of the fairway and green, the screened-in porch will be one of your favorite places to enjoy. Home includes family room, hearth room, see-through fire place, vaulted ceilings. Current dues are $550 per month & Association Fee of $83 per month takes care of all the landscaping.
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MLS # 17002159
3 Bd., 2 Ba., 1,755 Sq. ft.
$175,900
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80 Salvatierra Way
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You will LOVE this adorable move-in ready 1999 Keaton built home. Your guests will enjoy the totally level lot, the low maintenance landscaping, drip irrigation, a water feature, & HUGE TREX deck in back to enjoy Arkansas wildlife. Plus oversized garage, with workshop, common property, brick patio, recirculating hot water, recessed lighting, upgraded fireplace, split bedrooms, custom closets, Murphy bed, double vanity, Jacuzzi tub, large walk-in shower, 5 ceiling fans, new HVAC system, and new roof in 2015... Near East Gate!
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Community Calendar
Check out the Hot Springs Village Community Calendar (click on the image)
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Outdoor Adventure
Hot Springs Village Basecamp is your launching point to outdoor adventure.
If you enjoy life outside, you'll want to be part of Basecamp. Keep an eye on the calendar and Facebook announcing upcoming events, local activities and road trips. Then, grab your gear and get ready to enjoy the great outdoors!
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Sporting Traditions
The Ouachita Rod & Gun Club is focused on bringing folks together to celebrate sporting traditions. We believe in good fun, food and fellowship in the great outdoors. It doesn't matter if you are seasoned by years in the outdoors or just want to meet some new friends. There is a place for you in the Ouachita Rod & Gun Club.
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Mortgage Calculator
There are two types of mortgages popular in Arkansas. Fixed-rate mortgages, or FRMs, are those that include principle and interest in the monthly payment amount and are stable throughout the life of the loan, and adjustable-rate mortgages, or ARMs, are loans that include principle and interest that change periodically throughout the life of the loan. Both FRMs and ARMs are available in 10, 15, 20, 30, and even some 40 year increments, and can be either first mortgages, second mortgages, or refinance options.
Click on the image above to connect to the Mortgage Calculator and learn more about mortgages in Arkansas.
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The Hot Springs Village State Weeks promotion allows guests from across the country to enjoy our amenities at reduced rates during their state week.
While here, discover all that Hot Springs Village has to offer; schedule a community tour with me!
Check out the State Week calendar by clicking the USA image.
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Visit our RE/MAX of Hot Springs Village office conveniently located at
1400 DeSoto Boulevard
on the corner of Desoto Blvd. & Ponce de Leon Drive.
***FREE***
Village Information
Cup of STARBUCKS!
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Recipe of the Month
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Make this stew with pulled or shredded pork from your favorite barbecue joint or deli-roasted chicken from the grocery store.
Ingredients
- 1 (16-oz.) jar salsa verde
- 2 cups reduced-sodium chicken broth
- 1 (15-oz.) can black beans, drained and rinsed
- 1 (15-oz.) can fire-roasted diced tomatoes
- 1 pound shredded smoked pork, without sauce
- 1 teaspoon ground cumin
- Kosher salt and freshly ground black pepper
Preparation
Cook salsa verde in a large saucepan over medium-high heat, stirring occasionally, 2 minutes. Stir in chicken broth and next 4 ingredients, and bring to a boil. Reduce heat to medium, and simmer, stirring occasionally, 10 minutes. Season with salt and pepper, and serve immediately.
TOP IT OFF A flourish of herbs, a slice of avocado, and a dollop of sour cream take this dish to the next level.
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BJ Conner Associate Broker GRI, RCC | RE/MAX of Hot Springs Village
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