NWA Real Estate | S1E2 | Tax Return & Real Estate

You Should Put Your Tax Return into your Home

-March 2nd, 2022-

Are you moving to Bentonville, Arkansas? What about Rogers, Fayetteville, Springdale? Northwest Arkansas is quickly becoming one of the TOP AREAS to move to in the country receiving national recognition in publications like Forbes, Fortune, and US News. With local attractions like The Crystal Bridges Museum of American Art and Collegiate Athletic Events with the Arkansas Razorbacks our small corner of Northwest Arkansas has everything city life has to offer minus the traffic jams. In 2010 Bentonville began its Downtown Revitalization Program which set off a surge in area development, attracting new businesses and developers ready to invest in our future. NWA is no longer the sleepy small town it once was. Our region is emerging as the premier mountain biking destination in the country and becoming a hub for the performing arts.

Housing Supply

Weekly Spot Check Active (vs LW) | 402⬇️ 389

New Listings (vs LW): | 215 ⬇️ 148

Links from the Podcast

💻Pinnacle Heights Country Club: https://pinnaclecc.com

💻Downtown Bentonville: https://www.downtownbentonville.org

Agenda

Is the market finally shifting? NWA local realtors Ryan Veit and John Mayer sit down and look at current market data, trends, and listings to determine if things are finally starting to even out between buyers and sellers.

CHAPTERS:

0:00-7:15 - Intro

7:16- 7:18 - Agenda

7:19-8:53 - Spot Check

8:54-10:13 - New Listings

10:14-18:32 - Luxury

18:33-19:59 - Downtown Bentonville

20:00-27:03 - Tax Return & Real Estate

Talking Points

Housing supply is still very LOW
New listings are getting under contract in 3 days or less
How you can use your tax refund

Seller Ideas

Touch up Exterior Paint
Update Interior Paint
Paint Kitchen Cabinets
Add a Pergola
Add Flower Beds
Update Light Fixtures
Update Sinks and Faucets

Buyer Ideas

The market is still extremely competitive and buyers are having to really push to get a home under contract. Expect to pay your own closing costs and in a competitive offer situation you may need to be ready to offer an appraisal gap.