Rogers luxury homes sales and inventory report – Just Rogers Luxury Homes!

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Rogers Luxury homes and NWA snow storm 2011We have pulled together some sales information about Rogers luxury homes.  I have had a few folks ask, what about luxury homes in Fayetteville, Springdale, Bentonville, or Bella Vista?  Well, if you really need some information about a luxury home in any of these parts of NWA, just shoot me an email or call me at 479.633.7775 and I will be happy to look up information and even luxury homes sales statistics for any part of Northwest Arkansas, Northeastern Oklahoma, Southwest Missouri, or any other area that is serviced by ARKMLS.

Now as we looked over this chart for luxury homes currently on the market in Rogers, and compare that with the sales information for Rogers luxury homes over the last 30 days, we came to a few conclusions.  See below the break for some of the luxury home analysis and what you need to know to sell your luxury home in Rogers AR.

So what if we are going to be listing your luxury home for sale?

  1. First, price does matter.  We have enough luxury homes for sale in then $200,000 to $400,000 range in Rogers right now to last us almost 2 years at the current rate we are selling them.  So if you are going to put YOUR luxury home up for sale, you need to make sure that your price is below average.  There is no other way to compete.
  2. With almost 3 years worth of luxury home inventory in the $400,000 and up prices, if you have a home that you are thinking about listing for just over $400,000, you might think about lowering to under $400,000 and take advantage of a greater number of buyers.
  3. As luxury home prices rise, so does the discount that can be expected to a buyer.  In the lowest price range of these homes that sold in Rogers in the last 30 days, the sale price was only discounted about 4%.  On the over $800,000 luxury homes, over the last 90 days, the discount was more like 12%.
  4. Buyers and sellers are not expecting huge price discounts.  If you list your home for sale here in Rogers Arkansas, for say $300,000, thinking that someone will offer you $250,000 and you can settle where you really want to be at $275,000, you are probably wrong.  Most buyers won’t expect a seller to lower the price on a luxury home in that price range 10%.  You need to put a list price about 5% over what you want to get for your home.  Then you have a small margin to negotiate down, but you won’t price your self out of the market.
  5. Moving away from pricing on the Rogers luxury homes that have sold lately, you have DOM (Days on Market).  The higher priced your home is the more days it will probably be on the market.  It is taking 6 months or more for the average luxury home in Rogers to sell.
  6. With only 14 luxury homes priced over $200,000 sold in Rogers in the last 30 days, you can see that it is going to be important to do everything right:
    • Get a great realtor who will help you set a great price.
    • Make sure your home looks fabulous.  Remove clutter, think about staging.  You need to be head and shoulders above the rest.
    • Be careful about putting up great signing.  Make sure that you have some directional signs out for drive-bys.
    • Use social networking, video, and other internet resources.  In the luxury home market, more buyers are starting their search on the Internet.
    • Be prepared to show.  Just this weekend, I made a number of calls to show homes, and we couldn’t get folks to commit to show.  In this market, be ready to show.
    • This last one is just a personal favorite.  When I show luxury homes to buyers, I want to make sure they are ready to pull the trigger on a purchase.  Ask your Realtor to have anyone who wants to come for a showing have a pre-qual letter or proof of funds.  There are just too many “tire-kickers” out there for you to spend time on preparing for a non-buyer.
  7. The more luxurious a home is, the more money we are getting per square foot.  These also tend to be larger homes on larger lots.

If you have any questions, or would like more information about your neighborhood, feel free to contact me right now by email at james@rogersmls.com or call 479.633.7775

Filed Under: Luxury Homes, Residential, Rogers Tagged With: , , , , , , , , ,

New Rogers investment property. Rental duplex or home for sale $109,000

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We just listed this great Rogers investment property.  This is a nice duplex that was built in 2006 and is being sold as a short sale for some clients who are investors from California.  If you are looking for a great investment in Rogers AR, this is the one.  Close to schools, just a few miles from the Pinnacle Hills Mall, and close to several Wal-Mart stores, this is a fabulous chance to invest in Rogers real estate.

This Rogers AR subdivision has many duplexes like this one.  While many have been purchased for investment by many individuals and investors.  I have been in this area of east Rogers many times to show investment property to clients.  These duplexes are usually renting for $575 to $595 per month without a privacy fence.   I have seen some with privacy fences rent for $625 per month.

With a sale price of $109,000 this duplex at 301-303 Asher Rogers AR 72758 is a great investment opportunity.  If you or someone you know would be interested in this great Rogers AR investment property,  just email or call me today.  james@rogersmls.com or 479.633.7775

Filed Under: Residential, Rogers Tagged With: , , , , ,

How to find the best Rogers luxury home rentals, or luxury homes in any part of NWA

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How to find the best Northwest Arkansas ( NWA ) or Rogers AR luxury home rentals.

Rogers Luxury Homes Rents Rentals NWA AR

Have you ever wondered how to find the best luxury homes in Rogers to rent? Or are you chasing all over NWA to find a great luxury home?

There is an art to finding the best Rogers luxury home rentals in your specific target area, as well as avoiding the most recent scams targeted towards those seeking them. Some supposed Rogers luxury home rentals are sold or rented before you even get a chance to see them! Further, not all that are advertised as Rogers luxury home rentals fit the description. Here’s how to find unbiased, filtered Rogers luxury home rentals without searching all over Fayetteville, Springdale, Bentonville and beyond.

1

Know upfront at least most of the household amenities you expect. Before beginning your search, what features are you looking for in the Rogers luxury home rentals you hope to stay in? Would they include maid service, yard service, personal chef availability, pet-free or pet-friendly, walk to cultural sites, seclusion, historical district, gated, views, hot tub, swimming pool, in-home sauna, concierge services? These should be listed in the general descriptions. Many times people who are renting luxury homes in Rogers don’t read through all of the information about those same homes on the MLS or they don’t take the time to drive by and see the home.  When I have clients looking to rent Luxury homes, especially in Rogers, I ask them to take at least a drive by to see if the schools, the location, the access to work, and the fence, pool or other features are what THEY are looking for in a luxury home rental.

2

Know the surrounding conditions you expect in a luxury home. Golf, spa, gourmet dining, taxi service, yoga, nearby university, parks, art galleries, live theatre, day camps for children. You’ll look for these in the first general description while shopping for Rogers luxury home rentals , but for further information on surrounding features of a community, go to the Chamber of Commerce website of the town you’ve selected to find what your chosen location offers.

Many of my contacts who are looking for a luxury home in Rogers, will ask about renting in Shadow Valley.  The covenants of the Shadow Valley property association actually has a clause that prohibits Shadow Valley homeowners from renting any Shadow Valley home to anyone who is not a member of Shadow Valley country club.  I actually had a client who had kind of an ugly situation with the management of Shadow Valley over a luxury home rental issue.

If you are looking for great amenities, and we know that Shadow Valley is out of the question, I recommend checking out the luxury homes available in Rogers exclusive Pinnacle County Club.  Pinnacle has a flexible rental policy for those executives and other people who are looking at renting Rogers luxury homes.  There are usually a nice handful of these homes available in Pinnacle.

Now if you are looking for luxury homes in Rogers, and don’t want to rent in Pinnacle, there are many other very nice areas that have homes for rent.

3

Start your search on legitimate, established sites that specialize in Rogers luxury home rentals. Sites such as KillerRents.com, orRogersMLS .com have a huge collection of well-described Rogers luxury home rentals with photos and virtual tours. You can search by location, price, and by luxury home rental type such as waterfront, lakefront, etc.  You can even specify if you want something out of Rogers.  We have homes in Bella Vista, Bentonville, Lowell, Springdale, and even Fayetteville.

If you are looking for a nice luxury home for your family here in the Rogers AR area, just call today at 479.633.7775 or shoot me an email at james@KillerRents.com

Filed Under: Luxury Homes, Northwest Arkansas, Rent, Residential, Rogers Tagged With: , , , , ,

Realtor Survey shows owners and renters agree home ownership matters – Rogers Luxury Homes

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Rent homes in Rogers, especially renting Rogers Luxury HomesA significant majority of today’s home owners and renters agree owning a home is a smart long-term decision. According to a survey released by the National Association of Realtors®, 95 percent of owners and 72 percent of renters believe over several years it makes more sense to own a home.

The American Attitudes About Home Ownership survey reported a majority of home owners and a strong percentage of renters “agree” or “strongly agree” that owning a home provides a healthy and stable environment for raising a family and that it helps them meet long-term financial goals. In addition, 93 percent of owners surveyed would purchase a home again.

“Home ownership benefits individuals and families, strengthens communities and is vital to our nation’s economy,” said NAR. “Home is where we make memories, build our futures and feel comfortable and secure. It is only natural people feel so strongly about home ownership.”

However, owners and renters do not agree on everything. More than half of owners reported feeling very or extremely satisfied with the overall quality of their family life. Only one-third of renters reported the same level of satisfaction. According to NAR, home owners also report higher levels of self-esteem and happiness when compared to renters.

Sixty-three percent of renters reported they are at least somewhat likely to buy a home at some point in the future. Out of that group, young adults (18-29 years old) have the strongest aspirations to own a home.

National Association of Realtors says in today’s market, many aspiring home owners are faced with worries about job security and creditworthiness. Three out of five renters surveyed who said they are very or extremely likely to buy considered job security and credit worthiness to be obstacles. Also, 80 percent of renters noted that having enough money for a down payment and closing costs were also obstacles.

Support of the mortgage interest deduction was shared by an overwhelming majority of both owners and renters. Seventy-four percent of owners and 62 percent of renters say it’s very or extremely important that the MID stay in place.

“This survey demonstrates the strong public support of the MID, and that we need to keep policies in place that encourage responsible, sustainable home ownership,” said NAR. “The ability to deduct the interest paid on a mortgage can mean significant savings at tax time and facilitates home ownership by reducing the carrying costs of owning a home.”

This survey was conducted online within the U.S. and fielded October 6-20, 2010. A total of 3,793 adults, 18 and older were surveyed, including 1,880 home owners, 1,115 renters, and 798 young adults. All samples came from the Harris Poll online database and were weighted for age, sex, race/ethnicity, education, region and household income to be representative of the U.S. general population of adults 18 and older. Propensity score weighting was also used to adjust for respondents’ propensity to be online.

Filed Under: National News, Rent, Rogers Tagged With: , , , , , ,
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