Chad's Blog

Real Estate Agent - Chad Kumpe Real Estate
I just finished my teaching duties before license renewal, Have a plan for Board education for 2009. Looks good, a great  many licensees in class this month were very ignorant about the use of the Internet. They mostly leave it up to the MLS or their company. Early next year the Rogers Board will...
For the last several days I have been teaching the NAR Quadrennial Ethics Course. It used to be that was the broker's job. Brokers' responsibilities have become greater and more complicated, thus enter the specialist. There also seemed there was a time several years ago when Realtor knew and just...
The full board of the ARA has just met. There 353 less Realtors than this time last year. some markets are returning to normal and the prediction is that membership will be up next year. the Arkansas Realtor Political Action Committee reported that they have raised 100% of their goal but only abo...
I now have a link on my web site that links to Paul Bynum's Mount Data monthly charts and graphs. This information is broken down by city and would be very helpful at setting proper range of value when helping a seller price their property for sale. For more information you can reach Paul at Paul...
I just saw on the CRS blog that New home sales are up but prices are down. Existing sales are up more than expected but about 1/2 of of normal times. (pre-bubble) In our market new home sales are doing quite well with FHA financing and an average sale price of around $85 per Sq. Ft. That is contr...
This was the week that the Legacy Condo Building was to go on the block. In order to prevent this it looked like Mr. Barber put his company in Chapter 7 Bankruptcy. The bank (Legacy of Springdale) is not going to give up. It seem, from what I read in the paper, that when the company on the note f...
Business headlines today were about the decrease in building permits being issued. Well, that is good news considering the number of new homes on the market. Paul Bynum's Mount data report showed an eighteen present increase in real estate activity over last month. The median sale price is stayin...
It was in the morning news and when I saw the "Skyline Report" from Arvest it would appear that the NWA Real estate market is leveling out. Median price was actually up about 5% in Washington County. It was down a little over 3% in Benton County. I real intresting part of the Report was almost a ...
Arvest had it's big auction Saturday. 176 properties were on the Block. There were 5 properties with no reserve but the auctioneer was not allowed to tell which 5 they were.(very clever trick) Over 600 people showed up and the bidding was good. We won't know how successful the bank was until each...
The new mortgage assistance bill has not been signed by the President yet but there are allot of groups realy to jump at the chance to take advantage of the generous provisions in the bill. Number one will be the National Home Builders Assoc. There web sites are ready to launch as soon as the ink...

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