Real Estate Agent
13597 Highway 72 W Hiwasse, Arkansas 72739
AR : PB00043784 Read more
Your Dream Home is Within Sight
You have your dream home in mind; now let Jerry Hawkins provide you the resources to make it a reality! We want to work for you, but most importantly, with you. And with our extensive knowledge and passion for the area, we can give you the tools and information to consider when searching for a home at the right price.
- Appraisals & Market Value
Determining the value of a home
The worth and value of a home differ in that its worth is what a buyer is prepared to pay for it, while the value is based on a variety of estimates. The value of a property can be determined by an appraiser’s valuation or a comparative market analysis. Some buyers turn to appraisers for their expertise, in estimating a value considering square footage of a home, design and floor plan, neighborhood, surrounding area, and several other factors. These appraisals can range from $300->$500. Another option to consider is a comparative market analysis, which is an informal estimated value by a real estate broker or agent based on similar properties in the given area and the market. This can be helpful as these agents are a great resource for local information and market behavior, and will often provide this for free. You could also check out recent home sales for yourself, utilizing public records and online information. It is recommended that you turn to an official valuation, however, because an appraiser or agents have specific knowledge of conditions that could affect an assessment based solely on internet information and lenders require appraisals in the loan application process.
How much is a distressed property worth?
First, be sure to examine the house. If you are unable to enter the property, neighbors and internet research can help aid in determining the condition of the house. If interested in a foreclosure property, buyers should gather as much information as they can from the lender. Buyers can also utilize public records at local county recorder’s and assessor’s offices, to compare similar properties to determine house value.
- Escrow & Closing Costs
What are closing costs?
Closing costs are any additional fees that surround a home purchase. This includes taxes, service fees, document fees, any prepaid interest and other closing day charges.
Who pays the closing costs?
Depending on what the buyer or seller negotiates, typically closing costs are paid by the home seller or buyer. This varies by area and local customs. Often, closing costs may be more than buyers anticipate, so it is important to clearly communicate between all parties what can be expected and if there is any way to save on closing costs. Negotiations can be made between the seller and buyer; consult with your representative for options.
What’s the importance of a title report?
A preliminary title report will give the buyer the information they need in regards to use of property. It will inform the buyers of any liens against the house or any restriction that would prevent the passing of the title. Often times, a list of possible exclusions not encompassed by title insurance will be attached to preliminary report.
- Home Inspections
What is a home inspection?
An inspection is an overview of a home and its components to ensure that there are no issues that will cause future problems for the buyer. A professional inspector will analyze the home to be sure that construction standards and procedures are met. This inspection is often paid for by the buyer.
Do I need to have a home inspection?
Yes, it is highly recommended. It is better to be safe than sorry, because buying a house without an inspection can lead to expensive fixes that could have been avoided and addressed thanks to an inspection.
How do I find an inspector?
Recommendations from friends who have had experience with inspectors can be helpful. Also, a quick internet search will yield many results and information— be sure to check credentials, licenses, and experience. Buyers can expect to pay around $350 to $500 for such inspections.
- Making an Offer