Buying a Home in Northwest Arkansas

I’m Philip Shepard, a Northwest Arkansas real estate agent. If you’re interested in moving to the area, exciting things are happening here, and I can give you many reasons to consider buying property in Northwest Arkansas.

Buying a home in Northwest Arkansas is an excellent idea. To get the best deal, sign up for instant home updates, choose the right realtor, apply for the NWA Moving Grant, and use a local lender. It’s also worth living in an Airbnb or a rental to get to know the area.

Read on to discover these valuable tips for purchasing a home in Northwest Arkansas in 2022.

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How To Purchase a Home in Northwest Arkansas This Year

There’s a lot to know when buying a home. You’ll feel more comfortable if you’re familiar with the area, so take some time to learn about NWA and visit.

If you’re considering moving to Northwest Arkansas, here are five unique tips to help you get the best deal:

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Sign Up for Instant Home Updates

I always advise my clients to sign up for instant home updates because the best Northwest Arkansas homes often get snapped up extremely quickly. With so many people discovering what a fantastic place Northwest Arkansas is and trying to get established in the area, houses don’t stay on the market for very long.

I recommend signing up to receive instant home updates from me. You’ll need to fill in a form indicating what you’re looking for, but as soon as a property appears that meets your requirements, I’ll let you know.

One of the main disadvantages of using Realtor.com or Zillow updates is that notifications often take 24 to 48 hours to come through, increasing your chances of missing out on your dream home. There might be 20 to 30 others looking for homes with the same criteria, so you need to ensure that you’re the first on the notification list, which is where my home updates can benefit you.

I’ll help you view the home as soon as possible so that yours can be one of the first offers.

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Also, I have a 3-day itinerary that can help you decide what activities to do if you’re overwhelmed by everything Northwest Arkansas has to offer.

It doesn’t matter if you’re a foodie, a sports person, a sightseer, or want to spend quality time with your kids; I have something for you. Check out the link below to learn more:

https://www.allthingsnwa.com/3-day-itinerary-northwest-arkansas

Select the Right Realtor

Selecting the right realtor (who is passionate about Northwest Arkansas) is vital. Your realtor should be enthusiastic about the region and excited for you to discover the area. The more eager and passionate about the place your realtor is, the more likely they’ll help you find your dream home.

You may not have friends or family in Northwest Arkansas, and a good realtor can give you excellent advice and tell you everything you need to know about it. They can also function as a bridge between Northwest Arkansas and your current area.

A good realtor will also help you through the buying process and inform you about any upcoming housing events.

Live in an Airbnb in the Area for a While

When I first moved to northwest Arkansas, I didn’t buy a property immediately. Instead, I stayed at an Airbnb for a while. I got a good feel for the area, which helped immensely in my decision to move here.

Living in an Airbnb (or rented accommodation) for two or three months when you first arrive in Northwest Arkansas is an excellent idea for three reasons:

It gives you time to search for the perfect home.
It takes the pressure off you.
It decreases the risk of a wrong impulse buy.

If you want to receive notifications of the latest listed Airbnb rentals in Northwest Arkansas, I also offer those. I keep an exhaustive list of potential renters who would love to rent you their home for a few months, and I am the middle person between you and the landlord.

Signing up for and using this list removes a lot of the hard work from you because I make all the phone calls and handle talking with the admin.

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Compare Mortgages

When trying to find your dream home in Northwest Arkansas, I recommend using a local lender. We have many great local banks in the area willing to work with you, and many have programs for folks moving jobs or working remotely.

I also recommend checking out Quicken Loans, Rocket Mortgage, and Better Mortgage to see their interest rates and to do some competitive analysis. These sites will give you a clear picture of the interest rates in the area, allowing you to compare them with those offered nationwide.

Doing your research around interest rates and mortgages is worthwhile as this will help you find the best deal.

Apply for the NWA Moving Grant

If you’ve decided to move to Northwest Arkansas, you might consider applying for the Northwest Arkansas Moving Grant.

The Northwest Arkansas Council has been trying to attract talented individuals to the area and offers a grant to incentivize people to move here. Filling out your application takes less than ten minutes, and if you’re successful, you could receive Bitcoin funds to make moving easier.

You can choose cash if you don’t want the money in Bitcoin, and you’ll receive your pay-out if you move to Northwest Arkansas before half a year after being accepted. You’ll need to begin the process of renting or purchasing a place to live during that time.

The grant only applies to remote workers in STEM. However, if you happen to be in the field, it’s a great opportunity you should take advantage of.

Final Thoughts

If you’re interested in buying a home in Northwest Arkansas, you should do the following:

Sign up for my instant home updates.
Select the right realtor.
Live in an Airbnb or a rental for a few months.
Compare mortgages.
Apply for the NWA Moving Grant.

Let me know when you’re coming here. I’ll help you find your dream home and compare how far your dollar goes in Northwest Arkansas to other places in America. I’ll also give you the $10 tour to help you get to know the area.