Oklahoma City residents: Know your mortgage Do's and Don'ts. Mortgage foreclosures have 
contributed to the current state of our economy. Many people struggled to pay mortgages or were looking for a way to refinance. In many cases, these foreclosures could have been avoided.
What causes such mortgage issues? It can be any number of mortgage loan choices someone has made.
Homeowners look for a low payment, especially during the first few years of homeownership. Those who look for these lower payments early on often turn to an Adjustable Rate Mortgage (ARM). The first few years of an ARM allow you to have low payments, and perhaps a much larger home than you planned on. Sounds great to many until housing prices drop, and you are unable to refinance your home that you are now paying a much larger rate on.
Many people look for a loan which allows them no down payment. A down payment is important when obtaining a new home. It increases the amount of equity in your home, and makes your loan payment lower. By getting around a down payment, you could owe more money in the end than the house is worth.
A not so popular loan is called a “liar loan” in which very little documentation is needed to obtain a mortgage, therefore many applicants will lie about their financial situation. If you do not have the income you stated on your application, it is going to be very difficult to make the monthly payments.
There are many ads on TV running today on reverse morgages for those over the age of 62. It allows homeowners to receive equity from their home as a form of income. There are high upfront costs. Origination fees, mortgage insurance, title insurance, appraisal fees, attorney fees and miscellaneous fees can quickly eat up your equity, and worst of all: you lose full ownership of your home.
Loans with longer terms are also available, but you will be paying on your home longer. This will cost you more interest in the end. Let's not forget the exotic mortgages being offered today as “interest only” loans for a few months. The problem here is you are not paying anything on the principal, which will accumulate into a huge amount after a while.
Oklahoma residents and home buyers - do your homework when looking for a loan! If it sounds too good to be true, or you fear it will put you under water down the road, do not sign the papers.
When you find your ideal home and need help securing the best mortgage, please contact me at (405) 366-1111 or check out my website at www.Ohttp://www.okhomesnow.com/buy/kHomesNow.com.
Update Your Oklahoma City Home to Appeal to the Masses
Residents of Oklahoma City are always updating their homes to make them more attractive to potential buyers when the time comes to sell. However, many make an update that appeals to themselves, but may not be what the average buyer is looking for. To help your home sell more quickly and get the best return on your remodeling dollar, update your home so it appeals to the masses and you will not go wrong. Status quo may not be what you had in mind for your personal home, but in the case for resale value, it is a safe bet.
Why? Well...home improvements are a lot of hard work and can be quite costly. If your home improvements are money and time costly, then it will not be worth it to you if the home does not sell.
Most people feel bigger is better when it comes to an upgrade, but this is not always the case. A large bathroom complete with jacuzzi tub, two sinks, and a separate shower maybe be too much compared to other homes in your area. Keeping it simple and affordable is the way to go.
Many people are starting to work from home, and this entitles them to a great tax deduction. However, 
it is not necessary to turn a once good-sized spare bedroom into a customized technological workplace. You may think it looks fantastic and makes it easier for you to get work done, but a potential home buyer may need that extra room for children or guests. Plan your home office so it can be easily turned back into a bedroom when you are ready to sell.
The summers are changing, and the temperatures have been rising throughout the country, so you decide to put in a new pool to keep cool and relax. Sounds great! It may not be so great for the buyer, because many people do not want the added expense of upkeep, and may also see it as a potential safety hazard for children.
If your roof needs repair, be sure to keep it simple. Building an architectural structure that mimics homes in Venice will not make your home sell. Buyers are only concerned their roof will not leak.
Many homes are now boasting media rooms, libraries, and wine cellars. Although this is very appealing to some, most home buyers want to be able to make that kind of decision for themselves. Improvements like this might not discourage buyers – but buyers may not want to pay extra for these things either.
Remodeling a home is a decision only you, the current homeowner, can make for yourself. If you really want that pool or hot tub installed, think it through carefully before calling the guys over to start digging up your backyard! Try to think long-term about what a typical buyer in your neighborhood would want. If you only plan on staying in your home a short time, it might not be worth the impact on sales value if you add an improvement buyers may not want. Update your Oklahoma City home so that it is appealing to the masses and you will be safe, not sorry.
Please call me at (405) 366-1111 or check out my website at www.OkHomesNow.com if you need to sell your home, or start searching for that perfect home in Blanchard, Moore, Norman, Edmund and Oklahoma City.
Do not let fear of a down market and less than encouraging statistics deter you from selling your Oklahoma City home. Many people feel with the tax credit ending, and no renewal as of yet, a lack of home buyers may be the result.
However, there are many people who DO sell their homes successfully and have been able to approach the situation with patience and determination, resulting in success.
The first and maybe the most important decision you will have to make is to find the perfect broker. Many sellers select the agency with the highest amount of homes listed. This does not always work out, as they will be assigned any available realtor, and not always to the top realtor. Be sure to do your home work, and request the person you would want to work with.
After finding the broker you want, you might request your agent to negotiate his or her fees, but realize that as a professional he or she might not be able to. The less commission an agent takes, the more flexible you can be on price...and the less you may be able to ask for your home.
Many sellers make the mistake of putting a random price on their home – perhaps the amount they owe 
or hope to make. It is important to get your home appraised first to be sure you are not overpricing (or severely underpricing) a home for your area. This will surely dissuade buyers. As we noted in our previous blog How to Sell Your Premium Oklahoma City Property in Today's Market, pricing is the key to successful selling.
The appearance of a home is extremely important in today's market. Aesthetic changes or alterations need to be made before you put up that “For Sale” sign. Also, be sure to make the outside look warm and inviting. Mow the lawn frequently, plant more flowers, hang a season wreath on the door, and add a fresh coat of paint; all these things may help you sell it more quickly.
If you can afford a stager, go for it. A stager is someone who can decorate your home to make it more appealing to potential buyers. They know what people are looking for in a home, and know how to strategically place items such as pictures, decorations and furniture.
Still looking for that perfect agent? Please contact me at (405) 366-1111 or check out my Oklahoma real estate website, and you can learn how I sell Oklahoma homes here...start selling your home today!
Recognized as one of the "10 Great Neighborhoods for 2010," Paseo residents should be proud of the revitalization and welcome changes in their area.
Residents are thrilled their home was awarded this honor by the American Planning Association, because this area was less than desirable to live in just three decades ago.
Susan Miller, Oklahoma City city planner, is excited by the news and feels the city's objective to make changes has been successful. "Hopefully the Paseo can build off this distinction and bring more residents and businesses into the area," she said.
This area attracts artistic expression and activities, a variety of food and nightlife to choose from, historic architecture and brightly colored, Spanish-influenced storefronts. Because of the positive changes in the past few years, property values have skyrocketed.
Residents are thankful because the area affords them more opportunities for employment and places to live. To be chosen for this honor, neighborhoods are rated on attractiveness, historical culture, and a true sense of community involvement. The Paseo exudes all of these qualities.
Hailing as the oldest art district and one of the first sub-divisions in Oklahoma City, the Paseo has surely come a long way. It was considered an exclusive neighborhood in the 1920's. Today the area attracts artistic personalities and is a conclave of quaint eateries and clubs.
The 1980's oil downturn and poor economy caused many properties to be abandoned, paving the way for crime and resulting in an overall decline in the area. In late 1987, a revitalization project began as an effort to rebuild this once fine neighborhood and surrounding areas. Now that the Paseo is alive and thriving again, residents and planners are optimistic that surrounding neighborhoods will follow suit.
Looking to find a home in The Paseo? Please contact me at (405) 366-1111 or check out my Oklahoma real estate website, and start searching for that perfect home!
You have a beautiful home with many added features. The sun room is relaxing, the vaulted ceilings are elegant. With a "premium property" like this, you may want to overprice, which will scare perspective buyers away.
Today is a strong buyers market, even though there are many well-groomed homes out there for sale. Homes that show well and are in top condition will field the most offers, but pricing the home too high will stop the sale.
"In most areas, the pressure is still 100 percent on the sellers because there's a lot of property on the market, including foreclosures," says Tom Early, real estate broker and former president of the National Association of Exclusive Buyer Agents.
There are still many ways you can you can capitalize on your picture perfect home.
Be sure to put a modest price on the property: Yes, your property has a master suite, and extra walk-in closets, but if it is priced higher than your neighbor's, a perspective buyer may move on. Be sure to determine local market values before deciding on a price.
Choose a Listing Agent who knows how to do a good visual presentation: If you feel your home is above the rest, make sure all the marketing material suggests that. Nice clear photos of every aspect of the home will help it sell.
Have an Open House: Many realtors feel open houses are a waste of time as they only attract your neighbors and not serious buyers. However, if you ask your Realtor® to encourage agents representing sellers in your neighborhood to have an open house the same day, traffic may increase and your home with all the extras will surely stand out.
If you would like to find one of these magnificent homes in South Oklahoma City, where you will have access to many local highways, please contact me and we can go over 11,989 listings in our many gorgeous neighborhoods.
Please contact me at (405) 366-1111 or check out my website at www.OkHomesNow.com, and start searching for that perfect home in South Oklahoma City and surrounding areas.
Specializing in the Moore/Norman/South Oklahoma City Metro areas. New construction & move up homes specialist.
Hello, and thank you for visiting my site. My name is Jason Nedrow and I am a top-producing Realtor® in the South Oklahoma City, Moore, Norman, and Blanchard area. My family and I live in the great state of Oklahoma, and have long enjoyed working and living here. If you're looking for a new home, you've come to the right place-and I'm here to make sure you'll make the right choice!
I have created a powerful website at www.okhomesnow.com to provide you the listings you want to see without the headache of having to deal with multiple sites and realtors. If you want to buy a home in Moore, for example, you can see how many homes are on the market with the amenities you need, at the price point you seek. Please enjoy the site and if you need any assistance or are ready to get stated on your real estate adventure, please feel free to contact me. This dynamic site is inclusive of most of the market and is updated in real time via our local MLS.
My specialty is working with builders and helping you realize your dream of buying a newly constructed home. We have many new developments the area that offer you the chance to be the first owner of a great home. If you are a repeat buyer who would prefer a pre-owned home, you will find that housing prices in the area are so reasonable that you can find your dream home at an affordable price.
Worried about selling in a challenging economy? I also offer a YOUR HOME SOLD 45 DAYS GUARANTEE so you don't have to worry if you need to sell your home before you can buy.
The city of Moore, Oklahoma, is conveniently located north of Norman and just south of downtown Oklahoma City. It is also a 15-minute drive to WillRogers World Airport. Many professionals choose Moore real estate for this very reason, that it is an easy commute to many areas in and around Oklahoma City. Founded in the land run of 1889, it is known not only for its historic areas such as Old Town, but for its high-standing public school system as well. Over the last 10 years, Moore has experienced economic growth and continues to flourish with new business and construction..
Moore OK Real Estate is spread over more than a dozen neighborhoods, all of which offer options that will suit a wide range of lifestyle preferences. Whether you're looking for the convenience of an urban setting-which includes shopping centers and strip malls, among others-or country charm-we have numerous lakes and parks-you're certain to find the right property in the diverse Moore OK real estate market. You can enjoy Moore's many restaurants and entertainment spots including The Warren Theatre. Like golf? Tee it up at any of the three golf courses or take a stroll at one of the eight public parks Moore offers. If you're looking to make a good long-term investment, or you're planning to relocate to a community with an exceptional quality of life, don't settle for anything less than Moore, OK.
Oklahoma City, OK
Oklahoma City luxury homes are your gateway to living the good life in one of the best places to live in the country. Oklahoma City is teeming with activity and productivity, featuring a variety of economic sectors, an array of colleges and universities, numerous venues for sports fans and culture aficionados both, and a wealth of scenic spots for respite and recreation.
South Oklahoma City is an easy drive to many areas in and around the metro region. This area is located close to all major highways, Will Rogers World Airport, Tinker Air Force Base, and Bricktown. Major employers such as Chesapeake, Devon, Dell, and Boeing are all reasons for relocation to Oklahoma City. Oklahoma City has been noted for having one of the strongest housing markets in the country, which is why the city has continued to grow in record numbers. The Oklahoma City school district is the largest in Oklahoma and The Oklahoma City University is well-known for its law and theatrical departments.
Home to the to all types of attractions, such as The National Cowboy and Western Heritage Museum, the Oklahoma City Zoo, and Remington Race Track, there is never a dull moment in this city.
Norman, OK
The city of Norman, Oklahoma is a century, yet continues to be a community brimming with property development, new construction, and simply superb living. The Norman, OK real estate market has remained stable despite the current economic crisis, and that in itself is an indication of how solid the city is.
Norman is most well-known for being home to the University of Oklahoma, whose campus spreads out over 3,000 acres and whose influence is felt throughout the city. The university was named one of the top 10 "Best Value Public Colleges" by the Princeton Review in 2007. Norman is a college town, and like many college towns, it features a colorful cultural and entertainment scene, eclectic shopping ,and dining options, and a highly educated populace.
Norman also boasts a strong technology-based economy, a wealth of museums and cultural venues, and a wide range of Norman, OK real estate to choose from. Norman, OK real estate has something for the luxury searcher or comfort seeker, the generous spender or the modest investor alike
Other Great OK Cities:
Downtown Oklahoma City · Blanchard · Edmond · Yukon
If you wonder if you are putting your confidence in the right agent, my company, Century 21 Goodyear Green is the largest Century 21 office in Oklahoma. We have received many awards for performance and service and are affiliated with state and local real estate association as well as local builders' associations. (See the full list here.) At Goodyear Green, we measure our performance in terms of customer satisfaction. Our goal is to provide superior service at all times. Our testimonials below say more than our awards ever could:
"My wife and I want to express our gratitude for all you did to help us sell our house and purchase a new one. Your expertise and hard work was invaluable and without a doubt the most important part of our success.
"As you know, our intention with this move was to get into a new home that will serve eventually as our retirement home. While the house we were selling was in pretty good shape and had a decent curb appeal, the neighborhood was extremely weak. Both my wife and I felt we would be lucky to break even. But we were chasing our dream; so we moved forward and contacted you for help.
"From the beginning you were pointedly honest with us and the challenges we faced. You had done your research before our initial meeting and told us the average selling time for our neighborhood was 100 days and the average sell price per square foot was around $58-$60. You were candid about what to expect. You didn't sugarcoat anything and we appreciated that
"But, as you know, we had an unexpected outcome. Primarily through your ability to market our home, we ended up selling in 15 days; and we got $63 per square foot. A dream quickly realized and about $5000 more than we had thought possible
"The story does not end here, however. You also helped us negotiate the minefield that was the home inspection and coordinated everything up to closing on the house we were selling. Then you helped us with the contract on our new house and guided us through our own new home inspection and eventual closing.
"Both my wife and I work for the United States Air Force at Tinker AFB. There is a phrase we commonly use called "cradle to grave". This basically means from the start of a program, project, or weapons system to the end. That's how we feel about the support you gave us. You helped us from the beginning when we put our house on the market all the way until the end when we closed on our dream/retirement home. It's hard to imagine how you would have done more; or how we could have done it without you."
"Throughout moving to multiple states, and working with a greater number of realtors, my view of real estate agents was somewhat tainted. I saw a world of "Yes!" men and women that would tell me whatever I wanted to hear, in order to make the sale. So in our last move from South Carolina to Oklahoma, any realtor we chose was battling uphill against a closed mind.
"Despite the above, I immediately noticed Jason's approach to selling/buying homes was different. His manner was professional and no-nonsense. He told me what I needed to hear to make the right decision, and not what I wanted to hear so that he could sell the house. It's rare to see a realtor attempt to find a house that suits the buyer, rather than mold the buyer to accept the house. Viewing homes with Jason is a chance for the buyer to comment on and make up their own mind about a house. It's not just another opportunity for the realtor to practice their sales pitch
"Jason is very familiar with the area, its history, present, and more importantly, future. This knowledge is one of the many, key components, that will factor into the smart purchase of a home. I have, and will continue to recommend Jason to anyone looking for a realtor in the greater Oklahoma City Area?
I would like to take this opportunity to commend Mr. Jason Nedrow for the outstanding job that he performed while selling our home
Jason has the utmost professional attitude while at the same time being friendly and personable. He has the ability to make you feel comfortable when dealing with the immense legal issues and establishes a trust that, through his recommendations, you are making the right decisions regarding the sale of your home.
He is very diligent and has a great go-getter attitude. Regardless of our home being priced in the high end of our neighborhood's market value, he was able to sell it in a little over a month. His suggestions were very beneficial in aiding us in the steps we needed to take to sell our home and obtain the highest price possible.
He stayed in close contact with us either by phone or mail to keep us abreast of any and all situations and issues
In my opinion, Jason's efficiency made the whole transaction as painless an experience as possible and I would definitely recommend him to anyone that I knew who was selling a home and needed a good realtor.
"I don't think anyone would sit back and say that they enjoy the experience of buying and selling a
home unless they are in the real estate business. I found that under the care and attention of
Jason Nedrow that there was never a moment that I regretted moving. Jason saw to every detail
in a very professional manner and in a timely fashion.
"Jason handled all the repairs to my home by calling all the right people and keeping the price to me, the client, as minimal as possible yet met the demands of the buyer. There was never a day that I had to miss work to see to the repairs or issues surrounding the sell of my home. Jason was always there to handle those frustrating matters. Jason quickly helped me find a house to meet my needs once a contract on my home was signed and made sure that everything was done to keep the contract in place until closing without causing any undue stress to me the client.
"Bottom line, Jason really did work for the client to the letter and my concerns were his concerns. There is not a doubt in my mind that the first person I would think of as a recommendation for a realtor to my friends and family would be Jason Nedrow and I know that their experience will be just as rewarding."
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
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