Rick Jackson

The more Oklahoma City Home sales transactions Nancy and I have experience, the more I believe For Sale by Owners should seriously consider using a Realtor.

With all of the delayed closings due to FHA and VA guide lines, it's difficult to close with both parties having a realtor. Oklahoma Realtors have to work more closely than ever to overcome the red tape that has gotten longer as the Mortgage Companies have taken more heat from the underwriters and our Federal Government. The appraisers are scrutinizing very hard and the inspectors have taken their job to a new level.

Maybe Oklahoma Real Estate could have been helped even more, had the sellers received the first time buyer tax credit to sell their homes. The moneys could have been stipulated for bringing roofs, HVAC, foundation problems, carpet/tile, countertops, and plumbing up to standards that meet FHA guidelines. It could also be used to pay buyer closing cost. The result would boost the business of Oklahoma licensed contractor and put more money back into the businesses of the Greater Oklahoma City area.

Some first time buyers like the idea of getting the free money to buy a home, but expect the seller to pay closing cost and repairs that are needed post inspection. I have no problem with this if you are fortunate enough to find a house the is perfect for your needs without needing any improvements or repairs. You might even find a home that the seller would do anything to make it what you dreamed of.


Hello people.
This money was originally set aside to help a resident of the United States buy a home. Please don't forget what it's for. If your eligible for the money, that either means you have been paying rent for 3 years or living somewhere for free.
The National Association of Realtors fought hard to get the industry started with the First Time Home Buyer tax credit. I believe it's helping the industry, but I think a lot of it my be used for a new boat, or maybe a vacation in Hawaii.I know a lot of Americans that think it's a waste of money, and that it's not helping. The issue is often associated with the money spent toward the automobile makers.

If you're a first time home buyer taking advantage of buying a home with the tax payer's dollar, just remember this money was meant to be used to help you get into a home by providing money for your down payment and closing costs. So, try to be thankful you have this money to help you make an investment and buy your dream home.

Thanks for reading,

Rick and Nancy

http://www.dreamsdocometrue.us/

Oklahoma City Homes for sale

You can look at the statistics for Oklahoma County and see a drop in the housing market. What you don't see is the selection of inventory going down hill. Smaller homes such as those needed for a lot of first time buyers that want to take advantage of the First Time Buyer Tax Credit are hard to find. As you search for a home you will find a lot of houses on the market, but the really nice ones, that don't need a lot of work and will pass the inspections and appraisals of the Mortgage Companies are really hard to find.

I believe this depletion of quality homes will inspire more of those wanting to sell and upgrade to a larger home. With the First Time Home Buyer Tax relief, ambitious lenders that will guide first time buyers through credit repair, and offer some of the best interest rates we have seen in a long time, it has suddenly turned into a good time to sell.
If you have taken care of your home and are waiting until the market picks up, it's time to start looking at the numbers.
If you want to buy a home, and have been waiting for a better opportunity, you should consider getting qualified with a lender and finding a Realtor who has experience with the latest assistance in home buying.

American Dreams Do Come True

Warr Acres, in Oklahoma City reports 49 single family residental homes sold in December, 2008. The average price per home was $105,902. These numbers are actually up from 45 homes at the average price of $90,506 in December of 2007.

December 2006, 59 homes sold, average price $97,636

December 2007, 45 homes sold, average price $90,506

December 2008, 49 homes sold, average price $105,902

The numbers do not go along with the general information we receive about the Nation's economyand indicate an upswing in home value and the market.

Dreams Do Come True

Oklahoma foreclosures and disclosures.

I have had a lot of prospects in the past few months that were only interested in foreclosures. I have the utmost respect for the type of home a buyer is interested in, but think the general public has a lot to learn about the definition of foreclosure and what the word often means in home buying.

The word foreclosure is basically a legal term that dates back to at least 1713. It has nothing to do with being a happy home owner and in fact, is simply an unfortunate action evicting a home owner. The mind set of potential home buyers is that foreclosure is an abbreviation for a really good deal.

If you are looking for a foreclosure as your next home or an investment, you might be interested knowing some of the things that we have encountered in buying a foreclosed property.

First of all, financial establishments that have foreclosed property don't have to provide a disclosure in the state of Oklahoma. This means that if there is anything wrong with the property, it does not have to be documented on paper. It's like you taking possession of a car that you have never driven and putting it on the market to be sold as is.

The next obstacle is getting a mortgage company or bank to loan you the money to buy a home that has been repossessed. Your lending company probably will want their investment to be worth more than what you are borrowing so that if you can't make payments, they will at least get their money back. It's simply security. Usually a large down payment is required to get the loan off the ground.

Another drawback is repairs and insurance. Insurance companies won't insure a dwelling that has potential to deteriorate due to poor maintenance. Mortgaged homes must be insured. Many foreclosed homes have sat empty for several months or even years. The previous owners probably didn't put a lot of effort into leaving the home in great condition. A buyer will have to repair all structural, roofing, plumbing, and mechanical problems to make the home habitable. This can be expensive and time consuming, even if you are going to do some of the work yourself.

These are just a few things that come to mind. We look at many homes each month that are not foreclosures. Our clients generally want a home that is move-in ready. Clients know they don't want to spend their time and money making a home a nice place to live. They want a nice home that can hold its value.

There are some really nice homes on the market. A lot of sellers have taken very good care of their homes and kept them maintained and up to date. It has paid off and these are the homes that are selling quickly. They have been a growing investment and a great place to live. Buying a foreclosure can be a good investment, but you might want to consider buying a pickup and some tools before making your purchase.

www.DreamsDoComeTrue.Us