Showing posts with label neighborhood. Show all posts
Showing posts with label neighborhood. Show all posts

Wednesday, November 7, 2012

The Day After . . . Let's Talk Mortgage Rates!

This information was released yesterday by the Mortgage Bankers Association (MBA) and was reported in an article by MarketWatch. As Realtors we are often asked where we think mortgage rates are headed. The best people we think we can look to is the MBA. Here is their take on what to expect:

"After reaching record lows in 2012, mortgage rates are expected to creep up slowly in the year ahead, the Mortgage Bankers Association predicted. Rates on the 30-year fixed-rate mortgage are expected to average 3.8% in the fourth quarter of 2012, rising to 3.9% in the first quarter of 2013 and eventually rising to an average 4.4% by the fourth quarter of next year.”



Any questions, about if now is the time to make a 'move' in real estate just may make sense! For specific information about market trends for specific neighborhoods in Edmond, Deer Creek, Oklahoma City, Piedmont, Yukon, Mustang and other Oklahoma City metro communities, please give us a call 330-2777!

Right now the price points below $150K in Edmond/Deer Creek are showing less than 3 months of inventory. A clean, well-priced home is getting multiple offers and selling quickly. Also $275K to $300K are also showing a lighter inventory. Call us for more information. If you need specifics on marketing your home in today's market, call to talk to Gary 216-9600!

Monday, May 28, 2012

What To Watch For When You're House Hunting


If you're thinking about buying a new (or old!) home, our list of the "Top Things to Look for When Buying a Home" can help to get your search off to the right start. While the number of rooms, condition of the kitchen, and size of the yard are important, there are other things to consider before you make an offer.
  • Location, Location, Location
    They say that the 3 most important things to think about when buying are home are location, location, location. You can live with almost any imperfection in a home if you love the neighborhood and your neighbors. You can change almost everything else. But, once bought, you cannot change your home's location. When you go house hunting, consider any potential home's proximity to your work, the charm of the neighborhood, how the home is situated on the lot, ease of access, noise from neighbors, traffic, or pets, and access to parks, shopping, schools, and public transportation.
  • Situation Factors
    Beyond location, look at the particular site of the home. If the home is on a hill does it have a view, a walkout basement, or lots of stairs to climb? Do neighbors' windows look directly into the home? Is the yard suitable for kids, pets, gardening, or other uses? Is access to the property safe regarding driveway elevation, stairs up to (or down to) the front door?
  • Check Out the Neighborhood
    Be sure the neighborhood, and not just the house, meets your expectations. They say that you should own the smallest home in the nicest neighborhood that you can afford. You'll have a great view! Drive around on week days and weekends, during the day and in the evening. Are homes in the neighborhood consistent in size and features? Do the neighbors keep the yards clean and tidy or are there old cars and trash around? Is the neighborhood safe enough for people to walk, run, or bike and are there children playing in the yards?
  • Consider a Home's Curb Appeal
    Your home should reflect your lifestyle. Do you live a laid-back life? Then you might not want a formal Victorian or Tudor style home. Something simpler and more contemporary might be in order. Look at the exterior features. A brick home is easier to maintain, unless you live in an earthquake-prone area! Is the roof in good condition? Is the landscaping attractive and are the sidewalks leading to the home safe?
    Read here about choosing, buying, and applying
    exterior Paint.
  • Size and Floor Plan
    You may be thinking about buying your dream home. But is your dream home impractical? Do you really need 4 bedrooms and 4 baths when you live alone? A large home can give you the extra space you've always wanted for a home office or crafts or art projects. But you'll pay higher heating bills and have higher taxes. It will take more furniture to furnish and money to decorate. Think about how the new home space will be used and whether it will fit your lifestyle now and in the future.
    Get information here on
    design Tools