
A home inspector is your best friend during the home buying process. Even if you find a great deal on a house in your ideal neighborhood, you should hire a home inspector to take a second look.
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Below is the April Market Report for the greater OKC Metro area. Market analysis is one of the strongest tools in a Realtor’s toolbox. As a result, an agent can understand the market’s history and where it might be heading. Furthermore, that knowledge flows into pricing homes and offers to fair market value. OKC is […]
If you’re thinking of putting your home on the market this year, you may be wondering how to make your home more attractive to prospective buyers. The following are the most common features buyers want in a home.* 1. Eat-in Kitchen Many buyers (80%) like the appeal of eating their meals in the kitchen, especially […]
What is Down Payment Assistance? Down Payment Assistance is, more often than not, a missed opportunity. A lot of homebuyers may not even know that they are eligible for down payment assistance. We live in a recovering economy, and putting together the needed funds for the down payment on a new home can be a […]
FHA To Reduce Mortgage Insurance Written by: Diana Olick | @diana_olick via CNBC In a move designed to bring more first-time homebuyers into the housing market, President Barack Obama said Wednesday the Federal Housing Administration (FHA), the government insurer of home loans, will lower its annual mortgage insurance premiums from 1.35 percent to 0.85 percent. In a […]
Pest infestations not only cause damage, they can also take a chunk out of a homeowner’s wallet. here are a few ways to prevent critters from calling your house “home.” Remember, for large infestations, always call a professional. Check our Contractors page for info on companies we use and trust. Ants Ants follow the trails […]
Bathroom Renovations: The bathroom is the second most popular room in the house to remodel, after kitchens. Statistics: The master bath takes center stage 60% of homeowners who are renovating their bathrooms are renovating their master bathrooms, with 61% choosing to start from scratch after gutting the existing room. Who needs a bathtub? The older […]
Traditionally, spring has been the time that many buyers and sellers become motivated to enter the real estate market. The warm weather and longer days encourage potential buyers to get out and look for a home that fits their needs and budget. Similarly, sellers can take advantage of the seasonal flowers and favorable weather to […]
Home Buying Basics By Kenneth Wohl Buying a home can be an intimidating process, but with a little knowledge under your belt, you can better understand the process and become a stronger borrower. Here some things you should know before you buy. Obtain a pre-qualification from your lender Before you begin house hunting, identify the […]
You’ve found your dream home. Make sure missteps don’t prevent a successful closing. 1. Be truthful on your mortgage application You may think fudging your income a little or omitting debts when applying for a mortgage will go unnoticed. Not true. Lenders have become more diligent in verifying information on mortgage applications. If you fib, expect […]
By knowing how much mortgage you can handle, you can ensure that home ownership will fit in your budget. 1. The general rule of mortgage affordability As a rule of thumb, you can typically afford a home priced two to three times your gross income. If you earn $100,000, you can typically afford a home […]
If your personal information gets compromised, a thief will open up financial accounts in your name. However, they will not pay the bills, and this will ruin your credit. Whether bad credit results from the legitimate credit holder’s irresponsibility or from identity theft, your ability to buy a car, rent a nice place, purchase a […]
Marketing Your Home Selling your home is more than just posting your listing to the MLS. It requires active marketing – on web sites, on TV, in newspapers. But there are also many low cost, highly effective ways to market your home, and you can help! Preparing Your Home to Sell Want to sell your […]
Written by David Harpster, Rising Point Solutions. Eventually, FICO 8 will be implemented. It is designed to help the mortgage industry, and here are some of the features that will help you, and one that might not. Little Slip-Ups Hurt Less. Debts less than $100 will NOT have as large a negative impact on a consumer’s score. Looking […]
Forbes: Buy Now or Pay More Later? Forbes, in their online edition last week, spoke to the importance of buying a home now rather than waiting. The article, Should You Buy a Home Now or Pay More Later?, explains: “With mortgage rates creeping up toward 5% as 2013 draws to a close, potential home buyers have […]
According to a recent article in The Oklahoman, now is one of the best times in recent history for first time homebuyers to purchase a new home. According to Glen Reynolds, Manager of Mortgage Lending at Arvest Bank, the record low interest rates and historically low home values, plus a growing economy, make this one […]