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What is in demand in Springdale right now? What is selling well? Absolutely anything with the highest number of people that can reasonably afford it, with the median income producing range. The prices run from $90,000 to $165,000. Anything less than $80,000 is hard to find but could be bargained down. Is it true that Northwest Arkansas had an unusually prosperous year in 2005 in terms of exceeding number of sales? It is true. In fact, 2006 is considered the second best year in Northwest Arkansas. Springdale is having a marvelous year as well. When 2006 is compared with 2005, this year seems like a crash. A good analogy is to compare the real estate market to the stock market. In a slower market, what should sellers be prepared for to maximize the price they’ll get for their property? If a house has not been updated before it is put on the market, now is not the time to do it, if you want to see an immediate return on the updates. Making a house look newer by painting or carpet is a relatively inexpensive way to make it stand out above the pack, but do not add the cost of materials used to the list price. Price the home realistically or below the market value. You will be investing in making your home more inviting inside and out, and build incentives to help someone buy your home. Through investing you can expect to see a return. Submitted By: Ray Shleman
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