Barbara Sallen, Realtor

Barbara Sallen, Realtor Central Arkansas Real Estate - representing buyers, sellers and investors in Little Rock, N. Little Rock, Bryant, Benton, Alexander, Maumelle, Roland, Sherwood and cities in between.

RE/MAX Elite Broker

SHARE this with anyone you know who might be interested or call me at (501) 240-6001Barbara J. Sallen501.240.6001Executi...
07/02/2019
Property in Little Rock

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Barbara J. Sallen
501.240.6001
Executive Broker
RE/MAX Elite

Well maintained unit. Large den/family room with vaulted ceiling. Separate office with built-ins. Freshly painted master bedroom and bathroom. Newer windows and a newer dishwasher. Bonus room upstairs with walk-in floored attic storage. No steps from garage into the home....

SHARE this with anyone you know who might be interested or call me at (501) 240-6001Barbara J. Sallen501.240.6001Executi...
05/16/2019
Property in Little Rock

SHARE this with anyone you know who might be interested or call me at (501) 240-6001

Barbara J. Sallen
501.240.6001
Executive Broker
RE/MAX Elite

Terrific well taken care of house. Newer wood floors & roof. House is on a cul-de-sac with green space on 2 sides. Entering the house, there's a dining-room on left & great-room with fireplace in front of you. Split bedrooms. Kitchen has ton's of updates: 1 piece sink, counter tops, & newer finish

SHARE this with anyone you know who might be interested or call me at (501) 240-6001Barbara J. Sallen501.240.6001Executi...
04/29/2019
Property in Little Rock

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Barbara J. Sallen
501.240.6001
Executive Broker
RE/MAX Elite

Super clean and updated split-level house on a quiet cul-de-sac in West Little Rock. 3 large bedrooms. Terrific storage thru-out the house. Kitchen was redone in 2014. This home has a large, light and bright great-room with a fireplace and a vaulted ceiling. Roof is 2016. Carpet is 2017. Freshly pai

SHARE this with anyone you know who might be interested or call me at (501) 240-6001Barbara J. Sallen501.240.6001Executi...
04/29/2019
Property in Conway

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Barbara J. Sallen
501.240.6001
Executive Broker
RE/MAX Elite

Great 1 story home on a large flat lot. House was redone top to bottom over a year ago. Super open kitchen with a large island. Kitchen appliances about a year old. Newer vanities in both bathrooms. Large laundry-room with tons of storage. Good-sized heated and cooled sunroom off of the back of the

04/03/2019

I was just catching up on some financial reading this morning. One statistic jumped out: housing starts fell 8.7% in February. That is the most in 8 months. Also, construction of single-family homes dropped to more than a one and a half year low.

This is a super article about joint tenancy vs. tenants in common (and examples are given specifically for Arkansas):htt...
03/14/2019
Joint Tenancy vs. Tenants in Common - Attorney's Title Group, LLC.

This is a super article about joint tenancy vs. tenants in common (and examples are given specifically for Arkansas):
http://www.youratg.com/joint-tenancy-vs-tenants-in-common/

The difference between joint tenancy and tenants in common is very important for partners buying real estate to learn, and therefore for its Realtors to learn. These two terms are similar, but very different ways that two or more parties can buy property together. Today we’re going to talk about t...

SHARE this with anyone you know who might be interested or call me at (501) 240-6001Barbara J. Sallen501.240.6001Executi...
02/26/2019
Property in Little Rock

SHARE this with anyone you know who might be interested or call me at (501) 240-6001

Barbara J. Sallen
501.240.6001
Executive Broker
RE/MAX Elite

Great neighborhood! One story, 3 bedroom, and 2 bath home built by Joe DeSalvo in 1975. One family owner. New windows thru-out. Tons of closet space and super storage in the attic. Large eat-in kitchen. Nice flat lot. 2 car garage. Whole house generator. **read agent remarks**

02/25/2019

I often get asked by buyers what the current mortgage interest rate is. Since I am not a mortgage person, I suggest that they get pre-approved and get that information from a mortgage loan person.
But I do tell them what the percentage is when one rents: it is 100%!

02/23/2019

January's existing home sales were at their lowest level in 3+ years. Sales were down 8.5% from a year ago, continuing a loss of momentum in the market.

02/18/2019

There is a unique doctor mortgage loan option specifically designed for medical doctors and dentists. (This type of loan is for whether the buyer is a seasoned physician or just beginning their residency.)
Here are the program’s most notable features:
*Open to medical physicians, including Residents, Fellows, Doctors of Dental Medicine (DMD/DDS), or Doctors of Osteopathy (DO)
*Fixed- and Adjustable-Rate Mortgages available
*Private mortgage insurance not required
*100% financing is available for loan amounts up to $750,000, 95% for loan amounts up to $1,000,000
*Student loans are not included in the debt-to-income ratio if in current deferment/forbearance
*Only available for primary residences, single-family residences, and town-homes

02/04/2019

Economic Round-up for February 2019:
Pending home sales have declined year over year for 11 straight months. Existing sales peaked in 11/17. Existing inventory has been rising year over year for four straight months, and appreciation has been slowing for six straight months. Starts have been flat since 11/16, new sales have been falling since 11/17, and new inventory has risen from 4.9 months in 11/17 to 7.4. In 2019, starts and sales steady, appreciation slows, and inventories rise.
**Source: Elliot Eisenberg, PhD., Chief Economist for GraphsandLaughs, LLC, an economic consulting firm serving a variety of clients across the United States. All rights reserved.

01/03/2019

And let the refinance mailings and phone calls begin! I received a mailing from Quicken yesterday. It will refi my loan for 4.50% APR for the cost of 4.125 points! (One point is equal to 1% of your loan amount. On a $100,000 loan amount, one would bring $4125 to the table along with the rest of the closing costs to have this new loan.)
Please give me a jingle and I will give you a few trusted mortgage people's names to talk to. They will take into consideration your immediate and long-term goals.
***disclaimer. I am not a mortgage person! I am a broker/agent in real estate. And any of you mortgage loan folks, feel free to correct me.

12/21/2018

One of my favorite mortgage loan people just sent me an informative update on policy rates and I thought I would share it with you all:
**As expected, and going against the wishes of some, the Fed increased policy rates by a quarter percent at their December meeting. This is the fourth hike this year and the ninth since 2015. Previously, the benchmark rate was kept at a record low for seven years.
**Remind me—who is the Fed?
The Federal Reserve Board (the Fed), controls the Fed Fund Rate and the Discount Rate. These are charges for overnight loans from bank to bank or from the Fed to member banks.
**What does an increase mean for regular people?
• It could cause banks to increase their “prime rates,” which are often used to calculate interest on consumer products like credit cards, private student loans, and home equity lines of credit (HELOCs). Adjustable Rate Mortgages (ARMs) may be directly impacted as well.
• Fixed mortgages are typically based on long-term rates, which are not directly affected by Fed rate changes. However, Fed policy does influence mortgage rates, which can rise in anticipation of future Fed action. There are exceptions, yet home loan rates will typically follow overall interest rate trends over time.
**Here's something new:
Officials initially projected three additional Fed rate hikes for 2019, but that number dropped to two. Fed members say they will continue monitoring economic data to make future decisions.

12/19/2018

Here are a few highlights from 2018 Profile of Home Buyers and Sellers from the NAR (National Association of REALTORS):
**Characteristics of Home Buyers:
First-time buyers made up 33 percent of all home buyers, a decrease from last year’s 34 percent.
The typical buyer was 46 years old this year, and the median household income for 2017 rose again this year to $91,600.
Sixty-three percent of recent buyers were married couples, 18 percent were single females, nine percent were single males, and eight percent were unmarried couples.
Twelve percent of home buyers purchased a multi-generational home, to take care of aging parents, because of children over the age of 18 moving back home, and for cost-saving.
Eighty-nine percent of recent home buyers identified as heterosexual, four percent as gay or lesbian, one percent as bisexual, and seven percent preferred not to answer.
Eighteen percent of recent home buyers were veterans and three percent were active-duty service members.
At 29 percent, the primary reason for purchasing a home was the desire to own a home of their own.

I might get this tattooed on my arm because I have said it so many times: If one pays a $1000 per month in rent for 5 ye...
12/18/2018
shareables.listreports.com

I might get this tattooed on my arm because I have said it so many times: If one pays a $1000 per month in rent for 5 years, that person has spent $60,000! And when the renter moves out, they will not get any of that money back. If one buys a home and lives in it for 5 years, and then sells it for exactly what they paid for it, they have saved the money that they would have have spent on rent. (Of course there is the maintenance etc that happens when one owns a home.)

12/09/2018

This is a post about the down-payment needed to buy a house. Generally, a buyer would need 3.5% for the down-payment to purchase a house with an FHA loan. Recently I met with a couple who did not have the $5,250 needed for the down-payment to purchase a $150,000 house. ($150,000 X 3.5% = $5250). We discussed ways that they could save the money. I noticed that they both sat there with coffee from a branded coffee place. They said that each coffee cost them about $5.00 each and that they each had one at least once a day. ($10 x 30 days in a month = $300. In a year - that is $3,600!)
And say you eat out for lunch five times a week and spend $15 on each meal. That’s $3,900 you spend a year. By eating out for lunch just two times a week instead of five, you save $2,340.
For these folks, if they bought a coffee pot and packed a lunch a few times a week, in a year or less they would have their down-payment.

12/04/2018

Here is an interesting statistic:
The percentage of the U.S. median income in a rent vs. own:
28.4% rent
17.5% own
So one would need just under a 1/3 of their income to pay their rent and under 1/5 of their income to own.

I just love the great articles that my favorite title company posts on their website. This article gives some super info...
11/26/2018
Can You Delay a Foreclosure? - Attorney's Title Group, LLC.

I just love the great articles that my favorite title company posts on their website. This article gives some super information about foreclosures. If you are a homeowner and you think that you are going to have to foreclose on your home, give me a call and let's see what can be done.
http://www.youratg.com/delay-foreclosure/

Our escrow officer Matt Martin had previously been a foreclosure manager for 22 years. The most frequent question he gets asked by far is: “Once my house is in foreclosure, is it too late to sell it?” The short answer is: it’s not too late to try, and here’s why. Why would you want to …

11/06/2018

Home warranties: A lot of times when properties change hands, a home warranty is part of the negotiation. Let's say you have owned your home for 5 years and you don't have a home warranty on it. Can you put one on it now? Yes!
When I bought my own home a bit over 4 years, I received a one-year home warranty as part of the contract negotiations. (Gosh, I had a great agent back then. Wait, that was me! HA) When it came time to renew it, I did not. Now 3 years later, I am going to purchase one again.
Just sharing!

11/02/2018

The national home ownership rate was 64.4% in the 3rd quarter of 2018.

11/02/2018

The NAR (National Association of REALTORS) just released the most recent buyer/seller updates. Here are few of the interesting statistics in my opinion:

First-time buyers made up 33 percent of all home buyers, a decrease from last year’s 34 percent.
Sixty-three percent of recent buyers were married couples, 18 percent were single females, nine percent were single males, and eight percent were unmarried couples.
Twelve percent of home buyers purchased a multigenerational home, to take care of aging parents, because of children over the age of 18 moving back home, and for cost-saving.

In my opinion, this is a very good read about the current market. The market is acting as if it is going thru a correcti...
10/25/2018
U.S. New-Home Sales Slump for 4th Straight Month

In my opinion, this is a very good read about the current market. The market is acting as if it is going thru a correction. Now is a super time to buy a house.

Sales of new U.S. homes plunged 5.5 percent in September, the fourth straight monthly drop as the housing market cools with mortgage rates rising.

SHARE this with anyone you know who might be interested or call me at (501) 240-6001Barbara J. Sallen501.240.6001Executi...
10/10/2018
Property in Little Rock

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Barbara J. Sallen
501.240.6001
Executive Broker
RE/MAX Elite

One story house sits on a tad over 3/4 acre! 3 bedrooms and 2 baths. Kitchen has some amazing updates. Professional stainless steel refrigerator and gas stove! Kitchen gutted and redone. New cabinets and counter tops along with backsplash and decorative tile work. Breakfast room off of kitchen. Kitc

10/08/2018

October 2018: Citing strong employment numbers and continuing economic growth, the Federal Reserve lifted its benchmark rate by a quarter of a percentage point. Additionally, a majority of Fed officials are now forecasting two more rate increases this year – one more than previously predicted.

A higher rate can mean greater borrowing costs for consumers. For example, Americans with credit cards, adjustable-rate mortgages, and home equity lines of credit could see monthly payments rise.

I wanted to share a super article about POA's and BOA's (Bills of Assurance).http://www.youratg.com/subdivision-restrict...
10/02/2018
What a Subdivision Can Dictate About Your House - Attorney's Title Group, LLC.

I wanted to share a super article about POA's and BOA's (Bills of Assurance).
http://www.youratg.com/subdivision-restrictions/

Subdivisions, Property Owners Associations (POAs), and Home Owners Associations (HOAs) exist for many reasons, whether a neighborhood is trying to maintain property value, safety, or uniformity. If you’re moving or working in one of these areas, here are a few examples of what type of restrictions...

SHARE this with anyone you know who might be interested or call me at (501) 240-6001Barbara J. Sallen501.240.6001Executi...
09/26/2018
Property in Little Rock

SHARE this with anyone you know who might be interested or call me at (501) 240-6001

Barbara J. Sallen
501.240.6001
Executive Broker
RE/MAX Elite

Super cute 1 story 3 bedroom/2 bath. Gas fireplace in living room with vaulted ceiling. Eat-in kitchen with bench window seat. Tons of great storage and counter space in the kitchen. All bedrooms have walk-in closets! Hall bath & laundry room. Fully fenced flat backyard. 2 car garage. New stove 2009

SHARE this with anyone you know who might be interested or call me at (501) 240-6001Barbara J. Sallen501.240.6001Executi...
09/13/2018
Property in Scott

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Barbara J. Sallen
501.240.6001
Executive Broker
RE/MAX Elite

Terrific brick one-story home in The Willows by Old River Lake in Scott. Split 3 bedroom/2 bath home. Open floor plan. Great kitchen with tons of storage and counter-space. Large master-bedroom. Separate office space. Large flat fenced in backyard. Neighborhood lake access ramp! Tired after work? Ta

09/03/2018

Lots Near Power Lines Lose Nearly Half Their Value.
August 22, 2018

Lots located next to power lines tend to sell for a whopping 45 percent less than similar lots further away from high-voltage transmission lines, according to a new study in the Journal of Real Estate Research. Lots that are non-adjacent to power lines but are located within 1,000 feet of them often sell at a discount of 18 percent, researchers Chris Mothorpe and David Wyman, the authors of the study, found.

The study focused on the value of vacant land, eliminating other factors that could also influence price, such as home style and square footage. The researchers say land typically represents 20 percent of a home’s overall value. Therefore, the 45 percent decrease in land value would translate to a drop in total property value of around 9 percent, according to the study.

Mothorpe and Wyman, assistant professors at the College of Charleston in Charleston, S.C., culled sales data from 5,455 vacant lots sold between 2000 and 2016 in Pickens County, S.C. A network of high-voltage electrical lines are located in Pickens County from the Oconee Nuclear Station.

Mothorpe says health concerns about being near high-voltage lines are one of the factors likely driving down prices of nearby land. But a solid link between power lines and health issues remains elusive, he adds. Unattractive views of power lines also affects land prices, Mothorpe says, and residents who live near them may hear a humming sound produced by the lines. “My intuition tells me the visual [component] is the largest” factor leading to a decrease in values, Mothorpe told The Wall Street Journal.

**Would you buy a house next to power lines?

What is the definition of a bedroom? I had a house recently that had no direct access to the outdoors. It did have close...
08/28/2018
What Qualifies a “Bedroom”? - Attorney's Title Group, LLC.

What is the definition of a bedroom? I had a house recently that had no direct access to the outdoors. It did have closets but not one window. Is that a bedroom? What about an attic space with a sloped ceiling that you can barely stand up in because of the ceiling slope? Is that a bedroom?
Here is a great article written by a trusted title company:
http://www.youratg.com/what-qualifies-a-bedroom/

We all know what a bedroom is, right? At first glance it might seem like an obvious, common-sense piece of information for any Realtor or real estate expert. But if you look deeper into state real estate laws, you might find some conflicting opinions. NAR’s Code of Ethics First let’s look at wha...

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11324 Arcade Dr, Ste 23
Little Rock, AR
72212

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