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Team Riley, Gary and Drew Riley
Spa Realty, Inc.
1429 Central Ave
Hot Springs AR 71901
501-627-2100
501-318-7899
Fax: 501-623-6487
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Team Riley, Spa Realty, Inc. Hot Springs Real Estate Blog

Team Riley, Drew and Gary Riley

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Commercial Real Estate Market News

Thursday, June 14, 2007
by Team Riley
Commercial Real Estate Sound With Record Investment
WASHINGTON, June 13, 2007 - 

Investment in commercial real estate remains at record levels with sound fundamentals in most sectors, according to the latest COMMERCIAL REAL ESTATE OUTLOOK of the National Association of  Realtors®.

Lawrence Yun, NAR senior economist, said there are variations across the commercial sectors.  “The overall office market has been booming, the industrial sector is holding its own, retail is a bit sluggish while apartments are strong with some condo conversions reverting to rental,” he said.  “We expect fundamentals to remain basically sound for the commercial sectors.”

Outside of the hospitality sector, a record $157.0 billion was invested in commercial real estate in the first four months of 2007, up from $97.0 billion in same period in 2006; that total does not include transactions valued at less than $5 million.

Cindy Chandler of Charlotte, N.C., chair of the Realtors® Commercial Alliance, said investors clearly like the office market.  “So far this year, 60 percent of all commercial real estate purchases have been in the office sector,” she said.  “We expect the flow of capital into commercial sectors to remain strong throughout the year, driven by large portfolio transactions and REIT privatizations, as investors continue to value diversification.  This could make 2007 another record year for commercial investment.”

The NAR forecast for four major commercial sectors includes analysis of quarterly data for various tracked metro areas.  The sectors include the office, industrial, retail and multifamily markets.  Metro data were provided by Torto Wheaton Research and Real Capital Analytics.

Office Market
Pent-up demand for quality office space has driven construction in many areas, while space in older properties sometimes is left vacant for some period of time, resulting in sluggish absorption where there is a clear preference for quality space.  Some of the older space is being marketed aggressively with generous improvement packages.

Office vacancies are projected to increase to an average of 13.3 percent by the fourth quarter of this year from 12.6 percent in the final quarter of 2006.  Annual rent growth in the office sector is expected to be 4.1 percent this year after rising 5.6 percent in 2006.
Projections for the second quarter show areas with the lowest office vacancies include New York City; Ventura County, Calif.; Honolulu; Orange County, Calif.; Los Angeles; and Miami, all with vacancy rates of 9.7 percent or less.

Net absorption of office space in 57 markets tracked, which includes the leasing of new space coming on the market as well as space in existing properties, is forecast at 44.4 million square feet in 2007 compared with 76.4 million last year.

Office building transaction volume in the first four months of this year totaled $95.0 billion, a record for the four-month period.  Equity funds accounted for 53 percent of office building purchases.   Markets with the highest transaction volume were Manhattan, Chicago, Northern Virginia and San Francisco.

Industrial Market 
Booming trade continues to bolster the demand for warehouse and distribution facilities across the country, with the strongest demand in coastal markets followed by inland ports and distribution hubs.  There is significant construction of build-to-suit industrial projects, while obsolete structures are being converted to other uses in stronger markets.

Vacancy rates in the industrial sector are likely to average 9.3 percent by the fourth quarter, slightly below the 9.4 percent rate at the end of 2006.  Annual rent growth should be 3.0 percent by the end of this year, up from a 1.4 percent annual rise in the fourth quarter of 2006.

The areas with the lowest industrial vacancies include Los Angeles; Orange County, Calif.; San Francisco; Tampa; Albuquerque; and Portland, Ore., all with vacancy rates of 5.3 percent or less.  Elsewhere, the slowdown in the automotive industry is hurting some markets.

Net absorption of industrial space in 58 markets tracked will probably total 162.9 million square feet in 2007, down from 202.8 million last year.
Industrial transaction volume in the first four months of 2007 was $11.9 billion, down 13 percent from the same period in 2006.

Retail Market
Same-store retail sales are decelerating, which is dampening the demand for retail space.
Vacancy rates in the retail sector are estimated to rise to 8.6 percent in the fourth quarter from 8.1 percent at the end of 2006.  Average retail rent is forecast to rise 2.4 percent in 2007, following a 4.1 percent increase last year.

Retail markets with the lowest vacancies include San Francisco; Orange County, Calif.; Miami; San Jose, Calif.; Las Vegas; and Washington, D.C., all with vacancy rates of 5.4 percent or less.

Net absorption of retail space in 54 tracked markets is expected to be 15.7 million square feet this year, up from 10.6 million in 2006.

Retail transaction volume doubled in the first four months of this year to a total of $27.7 billion, in contrast with the same period in 2006.  Institutional investors and foreign investors together accounted for 60 percent of transaction volume.

Multifamily Market
In many areas, buildings constructed as condos are now being turned into rental projects.  The demand for apartments remains strong, but new supply is essentially matching leasing activity.

In the apartment rental market – multifamily housing – vacancy rates are projected to average 5.8 percent in the fourth quarter, almost unchanged from 5.9 percent in the fourth quarter of 2006.  Average rent should increase 2.1 percent in 2007, after a 4.1 percent rise last year.

Multifamily net absorption is likely to total 212,300 units in 59 tracked metro areas this year, down from 229,300 in 2006.

The areas with the lowest apartment vacancies include Northern New Jersey; Pittsburgh; Salt Lake City; San Jose; San Francisco and Norfolk, Va., all with vacancy rates of 2.7 percent or less.

Multifamily transactions in the first four months of this year totaled $23.2 billion, down 25 percent from the same period in 2006.  Essentially half of the purchases were by private investors; condo converters accounted for only 5 percent of acquisitions.

The COMMERCIAL REAL ESTATE OUTLOOK is published by the NAR Research Division for the Realtors® Commercial Alliance.  The RCA, formed by NAR in 1999, serves the needs of the commercial market and the commercial constituency within NAR, including commercial members; commercial committees, subcommittees and forums; commercial real estate boards and structures; and NAR affiliate organizations. 

Organizations in the RCA include the CCIM Institute, the Institute of Real Estate Management, the Realtors® Land Institute, the Society of Industrial and Office Realtors®, and the Counselors of Real Estate.  The RCA also provides commercial products and services.

More than 120,000 NAR members offer commercial services, and 68,000 of those are currently members of the RCA.

The National Association of Realtors®, “The Voice for Real Estate,” is America’s largest trade association, representing more than 1.3 million members involved in all aspects of the residential and commercial real estate industries.
                                                         # # #

The next Commercial Leading Indicator index will be August 21; the next commercial real estate market forecast is scheduled for September 18.
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Student Loan consolidation....what could it do for me?

Thursday, June 14, 2007
by Team Riley

a repost from REALTOR.org...information provided by Chase Finance

this may be useful to some of you...make sure you read everything though as in any refinance there are upsides and downsides

Student Loan Consolidation 101 brought to you by Chase


As you establish yourself professionally, the last thing on your mind might be paying off your student loan debt – but it shouldn’t be. If you are about to graduate, or have recently graduated, timing is critical to maximize the benefits you can qualify for if you consolidate your student loans.

What is student loan consolidation? The Higher Education Act, established by Congress, provides for a loan consolidation program that enables you to combine all of your eligible federal student loans into a single loan. Typically, this results in lower monthly payments and a fixed interest rate*. Plus, you can choose among repayment plans to better match your income with your loan payments. Both student borrowers and parents (with PLUS loans) can take advantage of consolidation.

Why consolidate?
· Help lower your monthly payment up to 45%
· If you’re a new graduate, you could consolidate your eligible loans within the grace period (typically the 6 months after graduation), and have the opportunity to reduce your interest rate by up to 0.60%
· Flexible payment plans allow you to design a plan that suits you best
· Some lenders will knock off an additional 0.25% off of your consolidation loan interest rate if you enroll for automatic payments
· You will only have one federal education loan payment to deal with each month, making your life easier and less likely for you to miss making a payment
· Some loan consolidation programs give borrower benefits (extra savings for their customers) that can allow you to further reduce your interest rate, for example, in return for making your payments on a timely basis

When to consolidate? The time is right for you to consider consolidation. Maximizing benefits through student loan consolidation is geared towards individuals who have recently graduated. If you wait until after your 6 month grace period expires to apply for consolidation, you might miss out on the opportunity to reduce the interest rate by up to .60%

* Important Information:
By law, the interest rate on your consolidation loan will be fixed at the weighted average of the interest rates on the loan being consolidated (excluding rate decreases due to borrower benefits) rounded up to the nearest one-eighth of a percent, but not to exceed 8.25% If you have graduated from college within the last 6 months, your rate may be lowered by up to an additional 0.60%.

Borrower benefits do not lower the monthly payment, but rather reduce the amount of interest that accrues and results in more dollars being applied to the principal balance of the loan. Students should consider all features and benefits when choosing a loan product to determine what best meets their needs and saves them the most money.


How much can you save with borrower benefits? Some loan consolidation programs give borrower benefits (extra savings for their customers) that can allow you to further reduce your interest rate on your consolidation loan. To give you an example, if you have eligible student loans to consolidate, you could achieve 1.25% in interest rate savings (through a 0.25% interest rate reduction for automatic payments, and a 1% interest rate reduction for on-time payments (after the initial 36 consecutive on-time monthly payments and for as long as you continue to make on-time payments).





Do the research. You can compare consolidation programs among lenders. Since all student loan consolidators offer a federally-legislated and regulated loan, there are many features of their programs that are similar. However, when it really comes down to it, the most important features include the amount of benefits the lender can offer to you and the service you will receive.

Don’t pack up yet! The consolidation program with Chase could not be easier – for many applicants, everything can be done online, including signing the application through eSignature. There are no credit checks, origination fees, or penalties for early pre-payment, so you can pay off your loans as quickly as you can afford to. A dedicated Chase personal loan counselor is available to walk NAR members through the entire consolidation loan process. And remember, through NAR's REALTOR Benefitssm Program, the Student Loan Consolidation Program by Chase offers NAR members access to special borrower benefits. Visit www.nar.slcp.com or call toll-free (800) 643-8306 to learn more about consolidating your student loans with Chase.


ABOUT CHASE EDUCATION FINANCE:
The Student Loan Consolidation Program is offered by Chase Education Finance, a division of JPMorgan Chase Bank, N.A. ("Chase"). Chase, with its participating lenders, is dedicated to providing students and their families with the practical advice and loan solutions they need to help pay for and manage the cost of higher education. Consolidation may not reduce the cost of your underlying debt, since a longer repayment term may lower your monthly payment but increase the total amount you have to repay.

© 2007 JPMorgan Chase Bank, N.A. All rights reserved.

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Insurance--Changes in Life Need Changes in Insurance

Thursday, June 14, 2007
by Team Riley

This is a repost from REALTOR.org.

Reviewing Your Insurance Portfolio—The Key to Keeping Your Future Secure


As you reach different milestones during the course of your lifetime, the type and amount of insurance you need for financial security changes. These life events include marriage, having children, becoming self-employed. By planning ahead for these changes and knowing how to protect yourself, you can make a big difference in the quality of your life and your family’s finances.

Marriage
Getting married and combining household expenses usually increases income as well as responsibilities. Unless single individuals have debt or are single parents, the need for life insurance is minimal. However, life insurance is something every newly married couple needs to add to their insurance portfolio to ensure there is enough money to pay mortgage and other expenses if either spouse were to die.

Depending on your needs, there are several different types of life plans available. These plans include, but are not limited to, term, whole and joint term life. Regardless of the type of plan, the key is to ensure you have enough coverage. Financial experts agree that you should have five to seven times your annual income in life insurance protection. The benefit worksheet below can help you determine how much coverage is right for you.

Children
Having children increases the demand on a family’s finances, which means a substantial life insurance benefits will be needed if either parent were to die. Reviewing your life insurance benefit when you have children is critical. You need to ensure there is enough money to raise your child and provide for an education.

As your family grows, make the time to review your current benefit levels. Then contact your insurance company to adjust your coverage to meet your new needs.

Becoming Self-Employed
When becoming self-employed, it’s a good idea to review your disability coverage. It’s important to keep in mind that Social Security is not a reliable source of disability benefits. Most people will not be considered disabled under Social Security definitions. For this reason, it’s important not to count on Social Security as a “back-up” plan in case you become disabled.

Most people do not realize the tax-saving benefits offered by individual disability plans. Because you’re paying the premiums for an individual plan, any benefits you receive will be tax-free.*

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Lake Ouachita- Arkansas' Ocean and one of my personal Favorites!

Wednesday, June 13, 2007
by Team Riley

Lake Ouachita - Arkansas' Ocean . . .
Surrounded by the Oauchita National Forest, Lake Ouachita is known for its scenic natural beauty and the clarity of its waters.  The 49,000-acre lake is one of the cleanest lakes in the United States.  It's a water sports mecca, drawing thousands of visitors to its swimming, skiing, scuba diving, boating, fishing and camping.  Angling for largemouth bass, striped bass, bream, crappie and catfish is popular in the open waters or quiet coves along the lake's 975 miles of shoreline.  Lake Oauchita is one of the best striped bass lakes in Arkansas and has produced three state-record stripers.  Marinas, resorts and campgrounds are plentiful all around the lake.  Lake Ouachita is also home to Arkansas' first and only full-service lake resort spas.  For more information, visit http://www.arkansasstateparks.com/lakeouachita

 
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Help

Wednesday, June 13, 2007
by Team Riley

Want to see something in the blog? 

Have a question?  Need advice or looking for a handyman?

Let us know if there is anything you would like to see us add or post in the blog on a regular basis.  We want this to be something for all to enjoy so nothing is off topic!  Let us know!

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August Calendar of Events

Wednesday, June 13, 2007
by Team Riley
June 9 - September 30, 2007
2007 Southern Living Idea House
Red Oak Ridge - Hot Springs
Details:
The 2007 Southern Living Idea House in Red Oak Ridge is just minutes outside Hot Springs and a short drive from Little Rock. Amenities in the development include more than 800 gated acres of natural beauty offering estate-size residences, as well as a beautiful garden-home living, all with meandering trails, two private fishing lakes and a private pool. Better still, it's all just a stone's throw from Hot Springs' business, medical, professional and retail amenities.

The Southern Living Idea House at Hot Springs will be open for tours June 9 - Sept. 30 and will be featured in the August 2007 issue of Southern Living magazine.
Description:
Nestled in the foothills of the Ouachita Mountains near Lakes Hamilton and Catherine, this stately 4,500 square-foot brick home evokes old-world elegance with Georgian and French architectural influences. Designed by renowned residential designer Rick Gary Riley of Plano, Texas, a large open terrace greets visitors and welcomes them into the home.

Once inside, the wrought-iron doors, brick floors and archways accent the front foyer while a winding staircase draws the eye upstairs. Tucked beneath the staircase, a wine closet stands ready for entertaining. The main floor features a large, open family area with a fireplace and brick arches that open into the spacious eat-in kitchen. In the rear, an outdoor living area has two covered porches and an open-air kitchen and fireplace.
July 3 - September 30, 2007
Hot Springs Presents World Premiere of ‘The American Soldier,’
Hot Springs Convention Center
501-321-2277 or 800-772-2489
Details:
Hot Springs Convention and Visitors Bureau and Summit Bank present the world premiere exhibit of The American Soldier, A Photographic Tribute. The exhibit was created by curator/producer Cyma Rubin, whose Capture The Moment: The Pulitzer Prize Photographs brought worldwide attention to Hot Springs when it was exhibited at the Convention Center in 2003.

The exhibition is sponsored by EADS North America, the North American operations of EADS, the second largest aerospace and defense company in the world. The exhibition is sponsored and presented by Business of Entertainment, Inc., producers of live theater, films, documentaries and photography exhibitions.
Description:
Inexpressible grief. Unalloyed joy. Determination. Apprehension. Love. Fear.
They’re the faces of The American Soldier. They span the time from the advent of photography during the Civil War through the present wars in Iraq and Afghanistan.

All are compelling.

The American Soldier, A Photographic Tribute, contains 114 photographs, from the Civil War to the Iraq war.

The American Soldier salutes all American soldiers – Minute Man, pony soldier, doughboy, grunt, dog face or GI – with photographs that capture the essence of American soldiering over more than 150 years, ever since the birth of photography.
The enlarged photographs cover America at war from the Civil War, Spanish American War, Boxer Rebellion, World War I, World War II, Korea, Vietnam, the 1991 Gulf War, Afghanistan and Iraq. They capture the danger and the frustration, the humor and the beauty, the camaraderie, the death and the victory that American soldiers have experienced.
August 2-5, 2007
2007 FLW Tour Championship
Lake Ouachita and Summit Arena
Contact: Hot Springs Convention Center
(270) 252-1000 or 501-321-2277, 800-772-2489

http://www.flwoutdoors.com/
info@flwoutdoors.com
Details:
Boats launch from Brady Mountain Resort, www.bradymtn.com, 501-767-3422, located at 4120 Brady Mountain Road in Royal.

All events, Boat and Tackle Show, are open and free to the public. Daily weigh-ins at 5 p.m. in Summit Arena.
Description:
Hot Springs is the place to be for the Forrest Wood Cup Championship and Outdoor Show. Come partake in the festivities and watch one pro win the biggest prize in bass fishing -- $1 million.
August 3-5, 2007
Mammal Mayhem Weekend
Time: 9am-9:30pm
Lake Catherine State Park
501-844-4176

lakecatherine@arkansas.com
Details:
Free admission
Description:
Ever wondered about the animals that inhabit Arkansas? We focus our weekend interpretive programs on the mammals of Arkansas with movies, crafts and more!
August 3, 2007
Gallery Walk
Time: 5-9pm
Hot Springs
501-624-0550
Description:
Gallery Walk gives an opportunity to stroll beautiful downtown Hot Springs and enjoy some of the finest contemporary art in America. The art galleries that sparkle like a fine necklace are located in the heart of the Victorian downtown district. They stay open until 9 p.m., often with music and complimentary refreshments. The artists whose works are on display also turn out to chat with visitors to the galleries. Don't miss this monthly opportunity to enjoy the arts that earned Hot Springs the No. 4 ranking in the Top 100 Small Art Towns in America.
August 4-5, 2007
2007 National Guard Junior World Championship
Lake Hamilton Fish Hatchery Ramp and Summit Arena
270- 252-1607

http://www.flwoutdoors.com
Details:
The junior anglers will each be paired with an FLW Tour pro for competition on Lake Hamilton. There will be three anglers to a boat: a junior angler from each age group plus an FLW Tour pro who will assist the junior anglers but will not fish. The two junior anglers will share control of the boat for the day but will compete in their respective age groups. The full field of junior anglers will compete Aug. 4 then be cut to the top angler in each age bracket from each of the TBF’s six geographic divisions. Weights will be zeroed Aug. 5 as six anglers in the 11 to 14 age bracket and six anglers in the 15 to 18 age bracket continue competition, with the winners determined by the heaviest catch from that day.
Description:
The National Guard Junior World Championship will feature youth anglers from as many as 46 TBF states fishing for $30,000 in scholarships plus youth-program grants for their states. Each participating state will be represented by two junior anglers: one in the 11 to 14 age bracket and another in the 15 to 18 age bracket.
Additionally, FLW Outdoors, on behalf of the National Guard, will award $1,000 to each of the state TBF chapters represented by the six finalists in each age bracket. This money, totaling $12,000, will benefit each chapter’s youth program.
August 4, 2007
Magic Springs Summer Concert Series Presents "Christian Youth Day - with Third Day"
Time: 8pm
Magic Springs Theme Park
501-624-0100

http://www.magicsprings.com
August 9, 2007
2007 Business Expo
Hot Springs Convention Center
Contact: Betsy Blanks
501-321-1700

http://www.hotspringschamber.com
Details:
Sponsored by The Greater Hot Springs Chamber of Commerce
Description:
This event is a community showcase of over 200 area businesses. Business Expo will be Thursday, August 9 and attracts thousands of potential customers in addition to building strong business-to-business relationships with other exhibitors. This is a great way to promote and display your products.
August 11, 2007
Magic Springs Summer Concert Series Presents "Neal McCoy"
Time: 8pm
Magic Springs - Timberwood Amphitheater
501-624-0100

http://www.magicsprings.com
Description:
Country star who hits include "No Doubt About It." McCoy won Entertainer of the Year, 1998 & 1999 TNN/Music City News Country Awards.
August 17, 2007
Antique Walk
Time: 4-8pm
100 Block of Central Avenue - Downtown Hot Springs
Contact: Davis Tillman
501-624-4083
Description:
Tillman's Antiques, celebrating twenty-five years in the 100 block, has been joined by the new shops - Rampant Lion, Art-Tiques, Manor House Antiques and Joan Good Antiques of Royal Street, New Orleans. These dealers hope to attract others who will expand Antique Row further into the Historic District and create an area whose reputation for fine antiques will be unmatched in the Mid-South. Antique Row with over 15 shops, two restaurants and a hotel also includes wonderful upscale boutiques featuring ladies clothing, decorative accessories, jewelry, linens, gourmet food, luxury bath items and a children's store. Restaurants include the Colonial Pancake and Waffle House celebrating its forty-fifth year in the 100 block who has expanded its menu to include plate lunches and Jernigan's Restaurant celebrating their 12th year on the 100 block serving up traditional southern favorites.
August 18, 2007
Magic Springs Summer Concert Series Presents "Herb Reed & The Platters"
Time: 8pm
Magic Springs - Timberwood Amphitheater
501-624-0100

http://www.magicsprings.com
Description:
One of the greatest R&B groups in the history of American music with hits that include "Only You."
August 24, 2007
Fourth Friday Series at Garvan Woodland Gardens
Time: 5:30pm - 8:30pm
Garvan Woodland Gardens
501-262-9300, 800-366-4664

http://www.garvangardens.org
info@garvangardens.org
Details:
Reservation recommended. Contact for admission information.
Description:
Enjoy a relaxing summer evening listening to music and dining alfresco with great food from one of Hot Springs premier restaurants. A new restaurant and musical group will be featured each month.
August 25, 2007
Magic Springs Summer Concert Series Presents "John Kay & Steppenwolf "
Time: 8pm
Magic Springs - Timberwood Amphitheater
501-624-0100

http://www.magicsprings.com
Description:
Join them on their "farewell tour" as they perform such hits as "Born to Be Wild" and "Magic Carpet Ride."
August 25, 2007
Hickory Hill Park Gospel Music
Time: 7:30pm
Hickory Hill Park
Contact: Lou Tabor
194 Bryant Rd (off Hwy 7 North)
501-623-8068

http://www.hawkinsfamilyministries.com
loutabor@sbcglobal.net
Details:
Free admission and parking. Hickory Hill Park directions: Go 1 mile up Hwy 7N from Hwy 5 junction, turn right on Bryant Road and go 2 blocks.
Description:
Gospel music concert featuring southern gospel music, bluegrass gospel, and plenty of old time country gospel in an outdoor amphitheater nestled in the heart of the Ouachita Mountains. Bring lawn chairs for seating in outdoor amphitheater. Refreshment stand. (No ice chests / coolers).
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July Calendar of Events

Wednesday, June 13, 2007
by Team Riley
June 9 - September 30, 2007
2007 Southern Living Idea House
Red Oak Ridge - Hot Springs
Details:
The 2007 Southern Living Idea House in Red Oak Ridge is just minutes outside Hot Springs and a short drive from Little Rock. Amenities in the development include more than 800 gated acres of natural beauty offering estate-size residences, as well as a beautiful garden-home living, all with meandering trails, two private fishing lakes and a private pool. Better still, it's all just a stone's throw from Hot Springs' business, medical, professional and retail amenities.

The Southern Living Idea House at Hot Springs will be open for tours June 9 - Sept. 30 and will be featured in the August 2007 issue of Southern Living magazine.
Description:
Nestled in the foothills of the Ouachita Mountains near Lakes Hamilton and Catherine, this stately 4,500 square-foot brick home evokes old-world elegance with Georgian and French architectural influences. Designed by renowned residential designer Rick Gary Riley of Plano, Texas, a large open terrace greets visitors and welcomes them into the home.

Once inside, the wrought-iron doors, brick floors and archways accent the front foyer while a winding staircase draws the eye upstairs. Tucked beneath the staircase, a wine closet stands ready for entertaining. The main floor features a large, open family area with a fireplace and brick arches that open into the spacious eat-in kitchen. In the rear, an outdoor living area has two covered porches and an open-air kitchen and fireplace.
June 29-30, 2007
Miss Arkansas' Oustanding Teen Pageant
Hot Springs Convention Center
Contact: Mac Sisson
870-246-5329

http://www.missteenarkansas.org
mac.sisson@sbcglobal.net
Description:
Scholarship pageant where the winner represents the state at the third Miss America's Outstanding Teen Pageant in Orland, FL.
June 30, 2007
"Grip it & Rip it" Street Vault
Hill Wheatley Plaza - next to Hot Springs Visitor Center
Contact: Morry Sanders
870-334-3100

http://www.arkansasvaultclub.com
mcsanders1@alltel.net
Details:
More information as it becomes available.
Description:
This will be a USATF Sanctioned pole vault competition for males and females of all ages and skill levels.
June 30, 2007
Magic Springs Summer Concert Series Presents "The Manhattans"
Time: 8pm
Magic Springs - Timberwood Amphitheater
501-624-0100

http://www.magicsprings.com
Description:
Legendary R&B stars famous for such classic hits as "kiss and Say Goodbye" and "Shining Star."
July 1, 2007
Fireworks for Independence Day
Time: At dusk
Oaklawn Racetrack
July 3 - September 30, 2007
Hot Springs Presents World Premiere of ‘The American Soldier,’
Hot Springs Convention Center
501-321-2277 or 800-772-2489
Details:
Hot Springs Convention and Visitors Bureau and Summit Bank present the world premiere exhibit of The American Soldier, A Photographic Tribute. The exhibit was created by curator/producer Cyma Rubin, whose Capture The Moment: The Pulitzer Prize Photographs brought worldwide attention to Hot Springs when it was exhibited at the Convention Center in 2003.

The exhibition is sponsored by EADS North America, the North American operations of EADS, the second largest aerospace and defense company in the world. The exhibition is sponsored and presented by Business of Entertainment, Inc., producers of live theater, films, documentaries and photography exhibitions.
Description:
Inexpressible grief. Unalloyed joy. Determination. Apprehension. Love. Fear.
They’re the faces of The American Soldier. They span the time from the advent of photography during the Civil War through the present wars in Iraq and Afghanistan.

All are compelling.

The American Soldier, A Photographic Tribute, contains 114 photographs, from the Civil War to the Iraq war.

The American Soldier salutes all American soldiers – Minute Man, pony soldier, doughboy, grunt, dog face or GI – with photographs that capture the essence of American soldiering over more than 150 years, ever since the birth of photography.
The enlarged photographs cover America at war from the Civil War, Spanish American War, Boxer Rebellion, World War I, World War II, Korea, Vietnam, the 1991 Gulf War, Afghanistan and Iraq. They capture the danger and the frustration, the humor and the beauty, the camaraderie, the death and the victory that American soldiers have experienced.
July 3, 2007
4th of July Fireworks -Hwy 7 South
Time: At Dark
Power Boats on Lake Hamilton
501-525-1166
Description:
Come and enjoy beautiful fireworks on Lake Hamilton. For more information call the above phone number.
July 4, 2007
4th of July Fireworks
Time: At Dark
501-321-2277 or 800-772-2489
Description:
Fireworks will be displayed at the following locations - Mountain Harbor Resort, Hot Springs Village, and Hwy 70 bridge.
July 6, 2007
Gallery Walk
Time: 5-9 pm
Downtown Hot Springs
501-624-0550
Description:
Gallery Walk gives an opportunity to stroll beautiful downtown Hot Springs and enjoy some of the finest contemporary art in America. The art galleries that sparkle like a fine necklace are located in the heart of the Victorian downtown district. They stay open until 9 p.m., often with music and complimentary refreshments. The artists whose works are on display also turn out to chat with visitors to the galleries. Don't miss this monthly opportunity to enjoy the arts that earned Hot Springs the No. 4 ranking in the Top 100 Small Art Towns in America.
July 7, 2007
Magic Springs Summer Concert Series Presents "Tracy Lawrence"
Time: 8pm
Magic Springs - Timberwood Amphitheater
501-624-0100

http://www.magicsprings.com
Description:
This Arkansas-reared country legend is famed worldwide for such hits as "Sticks and Stones," Alibis" and "If the Good Die Young."
July 9, 2007
Power Boats, Inc,. 5th Annual Lake Hamilton Poker Run
Time: 10am-4pm
Power Boats, Inc
Contact: Kathy Richardson
501-525-1166

http://www.powerboatsinc.com
kathyr@powerboatsinc.com
Details:
Power Boats requests a minium donation of $100.00 to paticipate, and this donation is per boat or watercraft. Each boat receives 2 event t-shirts along with lunch at the end of the poker run.
Description:
Any one can participate no matter what type of boat you own. There will be a determined number of stops for the registered boaters. At each of these stops they will receive a playing card in a sealed envelope. At the end location the envelopes are opened and hands played. Enjoy live music and BBQ. The winner takes home a cash prize.
July 13-14, 2007
Quiltfest 2007 - "Quilts Across Time"
Hot Springs Convention Center
Contact: Pat Hansen
501-262-3783
Details:
Admission: $5.00
Description:
Quilt lovers from all over will enjoy this 2-day show featuring quilts from Hot Springs and surrounding areas and quilting demonstrations. Vendors with quilting related items will provide a quilt-a-holic's ideal shopping experience. Door prizes given hourly, along with a chance to win a grand prize.
July 13-15, 2007
Bugs, Slugs, and Other Creatures Weekend
Time: 9am-9:30pm
Lake Catherine State Park
501-844-4176

lakecatherine@arkansas.com
Details:
Free admission
Description:
If the first thing that comes to mind is slimy, then we have just the program for you! By the end of hte weekend, you will come to like Arkansas's creepy crawlies a little bit more. We highlight the great aspects about these misunderstood creatures and offer games, crafts, and hikes.
July 14, 2007
Magic Springs Summer Concert Series Presents "Blues Traveler"
Time: 8pm
Magic Springs - Timberwood Amphitheater
501-624-0100

http://www.magicsprings.com
Description:
Blues rock stars will perform hits such as "Run-around" and "Hook."
July 19-22 and 26-29, 2007
On Golden Pond
Time: Thursday-Saturday 7:30pm - Sunday 2:30pm Matinee
Pocket Theatre
501-623-8585

http://www.pockettheatre.com
Details:
Tickets: $13 for Adults and $5 for students through grade 12.
Description:
Written by Ernest Thompson and directed by Mary Hill, is the sentimental drama about an 80-year old man, his wife and daughter and their holiday at their New England lakeside cottage.
July 21, 2007
Antique Walk
Time: 4-8pm
100 Block of Central Avenue - Downtown Hot Springs
Contact: Davis Tillman
501-624-4083
Description:
Tillman's Antiques, celebrating twenty-five years in the 100 block, has been joined by the new shops - Rampant Lion, Art-Tiques, Manor House Antiques and Joan Good Antiques of Royal Street, New Orleans. These dealers hope to attract others who will expand Antique Row further into the Historic District and create an area whose reputation for fine antiques will be unmatched in the Mid-South. Antique Row with over 15 shops, two restaurants and a hotel also includes wonderful upscale boutiques featuring ladies clothing, decorative accessories, jewelry, linens, gourmet food, luxury bath items and a children's store. Restaurants include the Colonial Pancake and Waffle House celebrating its forty-fifth year in the 100 block who has expanded its menu to include plate lunches and Jernigan's Restaurant celebrating their 12th year on the 100 block serving up traditional southern favorites.
July 21, 2007
Magic Springs Summer Concert Series Presents "Creedence Clearwater Revisited"
Time: 8pm
Magic Springs - Timberwood Amphitheater
501-624-0100

http://www.magicsprings.com
Description:
Classic rock superstars will reprise hits from one of the best-known repertoires in music history, including "Proud Mary," "Bad Moon Rising" and "Born on the Bayou."
July 27-28, 2007
Hickory Hill Park Gospel Music
Time: 7:30pm
Hickory Hill Park
194 Bryant Rd (off Hwy 7 North)
Hot Springs
501-623-8068

http://www.hawkinsfamilyministries.com
loutabor@sbcglobal.net
Details:
Free admission and parking. Hickory Hill Park directions: Go 1 mile up Hwy 7 North from Hwy 5 junction, turn right on Bryant Road and go 2 blocks.
Description:
A Hawkins Family Homecoming Celebration weekend of gospel music concerts featuring southern gospel, bluegrass gospel, and plenty of old time country gospel in an outdoor amphitheater nestled in the Ouachita Mountains. Refreshment stand. Bring lawn chairs.(No ice chests / coolers).
July 27, 2007
Fourth Friday Series at Garvan Woodland Gardens
Time: 5:30pm - 8:30pm
501-262-9300, 800-366-4664

http://www.garvangardens.org
info@garvangardens.org
Details:
Reservation recommended. Contact for admission information.
Description:
Enjoy a relaxing summer evening listening to music and dining alfresco with great food from one of Hot Springs premier restaurants. A new restaurant and musical group will be featured each month.
July 28, 2007
Magic Springs Summer Concert Series Presents "Little River Band"
Time: 8pm
Magic Springs - Timberwood Amphitheater
501-624-0100

http://www.magicsprings.com
Description:
Creators of such classic rock standbys as "Lady" and "Lonesome Loser."
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How Long is it going to take?

Monday, June 11, 2007
by Team Riley

This is the most common question any Seller has.  You may or may not actually ask, but just in case.....(a re-post)

There are several factors that influence how fast a property will sell.  Some are within the control of you, the seller, some are controlled by the real estate company and some by outside influences commonly called the "Market".  Here are a few:

 1.  The marketing of the property is probably the most important factor.  The old 3 P's marketing method of the 1900s will no longer work in today's modern markets.  The 3 P's method for those that don't know them are

     1.  Put a sign in the yard.
     2.  Put a listing in the MLS.
     3.  Pray that another agent brings a buyer.

Today the home has to be marketed on the Internet with multiple photos, and the prospective buyers need to be able to get all the information about the property without having to call anyone.

2.  The asking price is probably the second most important factor.  At some low price, every property will sell.  Likewise, at some high price nothing can cause the property to sell.  The key is finding the highest realistic price that will attract a qualified buyer with-in your desired time frame.

3.  Low interest rates will enable many more buyers to purchase a home, while higher interest rates will reduce the number of potential buyers.

4.  When there are lots of homes on the market similar to yours, the homes which are priced best and are in tip top condition will sell first.

5.  The condition of your home, especially the front view (curb appeal) will significantly impact the number of potential buyers that will be attracted to your home...as well as the price they will be willing to pay.

6.  More homes sell in the spring and late summer than sell during the holidays.  Bad economic news, low confidence, a factory shutting down, an international military action or numerous other events outside of our control can effect the time on the market. 

7.  Team Riley's promotion and marketing will help a home sell as fast as possible and at top dollar.  To see what we can offer you please contact us.

8.  It is often said that the 3 most important factors in selling a home are location, location and location.  While we can't move your home, it's general location will effect the demand.

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Are you a "serious" buyer??

Monday, June 11, 2007
by Team Riley

This is a repost from Mark Flanders, a Mortgage Broker with Olympic Northwest Mortgage.  I thought his angle is right on so I'm reposting it here!

 

Just as Realtors® don't approve acceptance of offers, loan officers don't approve loans. Lenders approve loans. In both cases, the Realtor® and the Loan Officer are acting as facilitators of the transaction. Neither of them has the authority to legally bind the parties they represent.

A Pre-Approval Letter is such a strong buyer's tool because it means that a Lender has reviewed the buyer's application and supporting documentation (pay stubs, bank statements, W2's etc.). In addition, the Lender has agreed in writing, that they will loan money to the buyer if they find an acceptable property. Loan officers can confirm to a buyer that they will be able to get a loan. The Lender will confirm that the buyer is actually approved for a  loan. This approval will have loan conditions to satisfy, but it is a real approval. The predominant condition will of course be that the buyer finds a piece of acceptable  real estate! Pre-approvals are issued without an address.

Your chance of being viewed as a Serious Buyer skyrockets when the seller and the listing Agent are presented with tangible proof that you, as a buyer, prepared for this transaction in advance. The Pre-Approval letter indicates that you have taken the time to sit with a mortgage professional, discuss the details of your financial situation, applied with a Lender and been approved by that Lender, before looking at homes.

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Extra Services

Monday, June 11, 2007
by Team Riley

Do you know anybody who does septic systems?  Know a good yard service?  Do you know somebody with a bulldozer?  Do you know someone who could replace this window? or this patio door?  I'm sure you can probably add your own question here.

We often get asked these and many similar questions by our clients either during or long after purchase of a home.  There are several instances where we just haven't had any dealings with the service they are looking for, but there are hundreds where we do.  It's simply an opinion, yet we try to give honest, reliable information.  If you need help with finding a good handyman, or plumber, anything at all please feel free to contact us at anytime.  Service after the sale is something we pride ourselves on. 

Team Riley wants to be your REALTOR, today, tomorrow, and for the future.

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Team Riley, Gary and Drew Riley
Spa Realty, Inc.
1429 Central Ave
Hot Springs AR 71901
Copyright © 2003-2012 Real Pro Systems LLC. All rights reserved.
Last Modified 2/5/2012