While some states are full of homes that are prohibitively expensive (I'm looking at you, California), Arkansas offers some of the most affordable housing stock in the country! In fact, data from the U.S. Census Bureau’s 2015 American Consumer Survey shows that Arkansas was one of the three least-expensive states in terms of home prices in that year. Coupled with inexpensive land, this makes Arkansas a great place to put down roots!
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For most people, the goal is to own their own home; however, some lucky people find themselves owning a rental property as well! If you do own a rental property, have you ever considered what to do when the time comes to sell? You might think you can sell it the same as any other home, but in reality selling rentals is somewhat more complicated than a typical sale. If you aren't careful, you could land in hot water, so consider the following issues before diving into the process.
After an initially positive forecast, existing-home sales for this year are now expected to fall behind the pace set in 2016 based on current pending home sales data. Several factors, including inventory, prices, and hurricanes, have compounded to reduce housing market activity this summer.
Information Deemed Reliable but Not Guaranteed. CENTURY 21 H.S.V. Realty is licensed in the state of Arkansas. CENTURY 21 and the CENTURY 21 Logo are registered service marks owned by Century 21 Real Estate LLC. H.S.V. Realty, Inc. fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each franchise is independently owned and operated. Any services or products provided by independently owned and operated franchisees are not provided by, affiliated with or related to Century 21 Real Estate LLC nor any of its affiliated companies.