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.
(6)

RE/MAX Elite Broker

02/03/2020

According to the year-end U.S. Foreclosure Market Report by ATTOM Data Solutions, here are the top 5 and bottom 5 states that saw declines and increases in foreclosures from last year:
Declines: Nevada (down 30%), New York (28%), New Jersey (21%), California (13%), and Arizona (11%)
Increases: Rhode Island (up 54%), Mississippi (39%), Georgia (24%), Arkansas (14%), and Louisiana (11%).

01/24/2020

How to find the perfect neighborhood:
1. Check out the crime statistics for the area.
2. Drive around the area at various times on different days.
3. Have your real estate agent check out the property taxes in the areas that you are interested in.

01/17/2020

Point West (West Little Rock) real estate report for 2019:

There are currently 4 houses for sale in Point West: 14 Point West Cove, 2001 Calgary Trail, 1820 Calgary Trail, and 13115 Teton. 1820 Calgary & 13115 Teton are both in TBU (take backups) status. These 4 houses range in list price from $125,000 to $155,000.

It all of 2019, 26 houses sold in Point West. (This is an absorption rate of 2.166 per month.)

These 26 houses ranged in selling price from $100,000 to $189,000. The average square footage of these houses was 1286, days on the market of 35, and the average price per square foot of $112.11.

01/14/2020

Sand Piper/Sandpiper (West Little Rock) real estate report for 2019:

There are currently 6 houses for sale ranging in list price of $154,900 to $234,900. These 6 houses average 1898 square feet with a listing price per square foot of $97.69.

1 house is UTC (under contract): 2510 Peach Tree Drive. It is 1692 square feet and it is listed for $150,000.

In all of 2019, 27 houses sold in Sand Piper ranging in price from $139,950 to $210,000. The absorption rate is 2.25 houses per month. The average square footage of these 27 houses is 1700 with the average sold price per square foot of $104.88.

12/26/2019

The Arkansas homestead tax credit will increase from $350 to $375 for 2019. That increase will show up on your 2019 property tax bill that you or your mortgage company will get in 2020.

12/16/2019

The top three items - after the price! - on a home-buyer's shopping list for a new home are:
1. Location 71%
2. Neighborhood 55%
3. Condition 50%

12/15/2019

Arkansas Development Finance Authority (ADFA) Homeownership Programs and Down Payment Assistance Programs make purchasing a home more affordable for low-to-moderate income families and individuals.
https://homeloans.arkansas.gov/
Call me and let's start your home-buying journey!

12/14/2019

3 ways to improve your credit by 100 points:
1. Fix errors on your credit reports. Go to annualcreditreport.com to get your free report from the three major credit bureaus. Look it over carefully and if you suspect a mistake within the last two years, dispute it immediately.
2. Stay below your credit line. It is best to not exceed balances of 30% of your credit limit.
3. Tackle past-due bills. Payment history is the most important factor in determining credit scores. Get current on any past-due accounts ASAP.

Want to know more about your future neighborhood? I'm here to help. Message me to start looking at neighborhoods that ar...
11/20/2019
shareables.listreports.com

Want to know more about your future neighborhood? I'm here to help. Message me to start looking at neighborhoods that are the right fit for you! I always say to my clients something like this: "First you pick your neighborhood, then we find a house." #Realtor #HouseExpert #HouseHunting #agent #RealEstateAgent #moving #NewHome

RECENTLY REDUCED! This 4 bedroom, 2.5 bathroom home's price has just been reduced. Comment below to set up a showing bef...
11/17/2019
Reduced Price in Little Rock

RECENTLY REDUCED! This 4 bedroom, 2.5 bathroom home's price has just been reduced. Comment below to set up a showing before it's gone!

Barbara J. Sallen
501.240.6001
Executive Broker
RE/MAX Elite

Barbara J. Sallen
501.240.6001
Executive Broker
RE/MAX Elite

Super large 4 bedroom, 2.5 bath, and 2 living area tri-level home. Downstairs living area/den has a fireplace. Wait until you see this kitchen! Eat-in kitchen with white shaker cabinets, soft close doors, and JennAir gas stove. All bathrooms updated and upgraded. Terrific walk-in shower in master...

RECENTLY REDUCED! This 4 bedroom, 2.5 bathroom home's price has just been reduced. Comment below to set up a showing bef...
11/16/2019
Reduced Price in Little Rock

RECENTLY REDUCED! This 4 bedroom, 2.5 bathroom home's price has just been reduced. Comment below to set up a showing before it's gone!

Barbara J. Sallen
501.240.6001
Executive Broker
RE/MAX Elite

Super large 4 bedroom, 2.5 bath, and 2 living area tri-level home. Downstairs living area/den has a fireplace. Wait until you see this kitchen! Eat-in kitchen with white shaker cabinets, soft close doors, and JennAir gas stove. All bathrooms updated and upgraded. Terrific walk-in shower in master...

11/11/2019

Private mortgage insurance (PMI) protects the lender if the borrower stops making payments on a loan and is generally required when the borrower’s down payment is less than 20%. The Homeowner’s Protection Act provides specific cancellation and termination rights. There are two ways to cancel PMI: borrower initiated or automatic.

HPA requires the servicer/lender to automatically terminate PMI on:
• The date on which the principal balance of the mortgage is first scheduled to reach 78% of the original value based on the original amortization scheduled (irrespective of the outstanding balance for that mortgage on that date) if the borrower is current.
• If borrower is NOT current on the “termination date”, HPA requires MI automatically terminate on the first day of the month beginning after the date that the borrower becomes current on the loan.

If the borrower has a good payment history, is current and does not have a subordinate lien, the borrower may initiate cancellation of PMI verbally or in writing:
• On the date the principal balance is first scheduled to reach 80% of the “original value”
• or the day the principal balance actually reaches 80% of the “original value”

**Thank you Lisa Gornatti at Highlands Residential Mortgage for your expert help in the above. (Contact Lisa at 501.352.3695 if you have any mortgage questions.)

Are you looking for a home in the Little Rock area? If so, check out this listing before it's gone! Give me a call at (5...
11/07/2019
For Sale in Little Rock

Are you looking for a home in the Little Rock area? If so, check out this listing before it's gone! Give me a call at (501) 240-6001 for more information or comment below with any questions!

Barbara J. Sallen
501.240.6001
Executive Broker
RE/MAX Elite

Super well-maintained tri-level home with 3 large bedrooms, 2 & a half baths, and two separate living areas. Kitchen with breakfast bar overlooks downstairs living area with a wood burning gas starter fireplace. In 2013 seller installed new siding & insulation, thermal windows, & exterior doors -...

11/01/2019

FHA stands for Federal Housing Administration. Many consumers believe this loan is for first time home buyers only, which is false. This loan gives you, the buyer, an option to purchase a home with as little as 3.5% down. The government backed FHA loan is a great option for a buyer that does not have, or does not want, to put down 5,10, or even 20% for a conventional loan.
**Thank you for this great info Tyler Keszeg at Motto Mortgage. Give Tyler a call at 479.502.5337.

SHARE this with anyone you know who might be interested or call me at (501) 240-6001Barbara J. Sallen501.240.6001Executi...
11/01/2019
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

Super large 4 bedroom, 2.5 bath, and 2 living area tri-level home. Downstairs living area/den has a fireplace. Wait until you see this kitchen! Eat-in kitchen with white shaker cabinets, soft close doors, and JennAir gas stove. All bathrooms updated and upgraded. Terrific walk-in shower in master...

SHARE this with anyone you know who might be interested or call me at (501) 240-6001Barbara J. Sallen501.240.6001Executi...
10/25/2019
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

Super well-maintained tri-level home with 3 large bedrooms, 2 & a half baths, and two separate living areas. Kitchen with breakfast bar overlooks downstairs living area with a wood burning gas starter fireplace. In 2013 seller installed new siding & insulation, thermal windows, & exterior doors -...

09/30/2019

USDA-RD: This is a loan that is offered across the U.S. where one can buy a home with NOTHING down. Yep, not a penny for a downpayment. In the state of Arkansas, a large percentage of the state qualifies for rural development loans. You may buy a home using an R.D. loan if you meet certain income requirements. In Arkansas, 1-4 people cannot exceed a total household income of $82,700.

SHARE this with anyone you know who might be interested or call me at (501) 240-6001Barbara J. Sallen501.240.6001Executi...
09/23/2019
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 one-story 3 bedroom and 2 bath house on a corner lot. The large eat-in kitchen has tons of counter space and a Bosch dishwasher! Vaulted ceiling in spacious family-room that overlooks the trees in the backyard. Lots of fresh paint thru-out. Fully fenced backyard with a large deck and a s...

SHARE this with anyone you know who might be interested or call me at (501) 240-6001Barbara J. Sallen501.240.6001Executi...
09/03/2019
Property in North Little Rock

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Barbara J. Sallen
501.240.6001
Executive Broker
RE/MAX Elite

Just a few blocks from the river and the stadium, is a great tri-level townhouse in the thriving Argenta district. Two large bedrooms, 2 full baths, kitchen with granite counters & stainless steel appliances, a patio and a balcony, 2 living areas (one could be a terrific office?), and a 2 car gar...

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

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

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

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 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

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 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 (63) percent of recent buyers were married couples, eighteen (18) percent were single females, nine (9) percent were single males, and eight (8) 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.

Address

11324 Arcade Dr, Ste 23
Little Rock, AR
72212

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