Central Oklahoma Real Estate Blog

Great Buys for New Homes in Purcell, Oklahoma!

2012-02-22T09:06:00.001-06:00

If your looking to purchase a new home, on a city lot, in Purcell... there's several new construction houses you won't want to miss seeing. One site is Crown Heights Addition on North 9th street behind Mazzios and the Dollar General, and another is in the Northern Winds Addition, just to the East of N. 9th street, on Headwind Drive.

Interest rates are still low, and Rural Development Financing is available in this area! Rural Development is 100% financing for qualified buyers. FHA requires a 3.5% down, so Rural Development 30 year mortgages are a great loan package, at this time of February, 2012. See your lender for loan terms.... or contact me, and I will refer you to some great loan officers to explain the differences in these loans. Also, VA loans are available to our veterans who haven't used their benefits.

New home construction builders offer one year warranty plans, and often will negotiate paying buyers closing cost. So call me today, to show you new homes all around Purcell, or any other listed homes, acreage or land for sale around Lexington, Wayne, Dibble, Washington, Goldsby, or Blanchard. I'd be glad to hear from you!

Housing Trends eNewsletter

2012-02-07T09:53:00.000-06:00

Click on the link below to view the newest version of what's happening in todays local markets. If you would like to talk to me in person about what is for sale... or has sold, in the ways of homes or land in the McClain County area... please contact me at 405-249-2810

http://deborahallison.housingtrendsenewsletter.com/

Foreclosure Filings Hit 4 Year Low

2012-01-17T13:58:00.001-06:00

This information was providing from my favorite lender, Gina Starr with Rock Rock Mortgage and Lending. I thought my readers would enjoy the statistics. The housing recovery is on it's way back.

"RealtyTrac said in a report on Thursday, that the number of U.S. homes that received a foreclosure filing, fell to a four-year low in 2011, as a slowdown in processing hit the market.

Foreclosure filings, which include default notices, scheduled auctions and bank repossessions, slid by 34 percent in 2011, the lowest level since 2007. 2007 was when the housing market was starting to crumble. RealtyTrac said there were filings on 1,887,777 homes last year.

Bank seizures of homes fell to 804,423 from 1,050,500 in 2010, also marking the lowest level in four years.

"A big part that is inflating the size of the decrease is a continuing extended foreclosure process," said Daren Blomquist, director of marketing communications at RealtyTrac.

Nevada ranked as the state with highest foreclosure rate for the fifth year in a row, with one in 16 Nevada homes receiving at least one foreclosure filing in 2011. Even so, Nevada saw a 31 percent decrease in foreclosure activity for the year.

The length of time for foreclosure processing continued to increase in the final quarter of the year. Homes took on average 348 days to move through the process, up from 336 days in the third quarter and 305 days in the fourth quarter of 2010.

Foreclosures took the longest in New York state, where homes foreclosed in the fourth quarter took an average 1,019 days to complete the process. RealtyTrac also released foreclosure activity for December, which fell to a 49-month low of 205,024 homes, down nearly 9 percent from November. But bank repossessions rose 10 percent to 61,774".

Negotiate Your Best House Buy with a Realtor of your Choice

2011-11-04T09:11:00.000-05:00

Negotiate Your Best House Buy

Article From BuyAndSell.HouseLogic.com
By: G. M. Filisko
Published: June 04, 2010... and still applies today

Keep your emotions in check and your eyes on the goal, and you'll pay less when purchasing a home.

Buying a home can be emotional, but negotiating the price shouldn't be. The key to saving money when purchasing a home is sticking to a plan during the turbulence of high-stakes negotiations. A real estate agent who represents you can guide you and offer you advice, but you are the one who must make the final decision during each round of offers and counter offers.

Here are six tips for negotiating the best price on a home

1. Get prequalified for a mortgage

Getting prequalified for a mortgage proves to sellers that you're serious about buying and capable of affording their home. That will push you to the head of the pack when sellers choose among offers; they'll go with buyers who are a sure financial bet, not those whose financing could flop.

2. Ask questions

Ask your agent for information to help you understand the sellers' financial position and motivation. Are they facing foreclosure or a short sale? Have they already purchased a home or relocated, which may make them eager to accept a lower price to avoid paying two mortgages? Has the home been on the market for a long time, or was it just listed? Have there been other offers? If so, why did they fall through? The more signs that sellers are eager to sell, the lower your offer can reasonably go.

3. Work back from a final price to determine your initial offer

Know in advance the most you're willing to pay, and with your agent work back from that number to determine your initial offer, which can set the tone for the entire negotiation. A too-low bid may offend sellers emotionally invested in the sales price; a too-high bid may lead you to spend more than necessary to close the sale.

Work with your agent to evaluate the sellers' motivation and comparable home sales to arrive at an initial offer that engages the sellers yet keeps money in your wallet.

4. Avoid contingencies

Sellers favor offers that leave little to chance. Keep your bid free of complicated contingencies, such as making the purchase conditional on the sale of your current home. Do keep contingencies for mortgage approval, home inspection, and environmental checks typical in your area, like radon.

5. Remain unemotional

Buying a home is a business transaction, and treating it that way helps you save money. Consider any movement by the sellers, however slight, a sign of interest, and keep negotiating.

Each time you make a concession, ask for one in return. If the sellers ask you to boost your price, ask them to contribute to closing costs or pay for a home warranty. If sellers won't budge, make it clear you're willing to walk away; they may get nervous and accept your offer.

6. Don't let competition change your plan

Great homes and those competitively priced can draw multiple offers in any market. Don't let competition propel you to go beyond your predetermined price or agree to concessions-such as waiving an inspection-that aren't in your best interest.

More from HouseLogic

Determine how much mortgage you can afford (http://buyandsell.houselogic.com/articles/4-tips-determine-how-much-mortgage-you-can-afford/)

Keep your home purchase on track (http://buyandsell.houselogic.com/articles/keep-your-home-purchase-track/)

Plan for a stress-free home closing (http://buyandsell.houselogic.com/articles/7-steps-stress-free-home-closing/)

Other web resources

Develop a homebuying strategy (http://www.nolo.com/legal-encyclopedia/article-29746.html)

G.M. Filisko is an attorney and award-winning writer who has to remind herself to remain unemotional during negotiations. A frequent contributor to many national publications including Bankrate.com, REALTOR® Magazine, and the American Bar Association Journal, she specializes in real estate, business, personal finance, and legal topics.

Low Rates to Remain Through Mid-2013

2011-08-10T09:54:00.001-05:00

The Federal Open Market Committee yesterday voted to keep the target range for the federal funds rate at zero to 1/4 percent. The FOMC expects to maintain the ultra-low rates at least through mid-2013.

That's good news to buyers searching for home mortgages on home for sale!

Housing Trends eNewsletter

2011-07-26T08:58:00.000-05:00

Click on the link below to view the newest version of what's happening in todays local markets? If you would like to talk to me in person about what is for sale, or has sold, in the ways of homes or land in the McClain County area... please contact me at 405-249-2810

http://deborahallison.housingtrendsenewsletter.com/

Land for Sale! 160 Acres Perfect for Hunting and Recreation

2011-07-19T08:15:00.000-05:00

Just Listed 160 acre property located 2 miles South of SH 74B on Portland Avenue near Cole, Oklahoma. All kinds of terrains... meadow clearings, treed forrest, ponds, and trails for hunting, fishing or biking.

This real estate tract is located only 40 minutes from Oklahoma City and centrally located to Blanchard, Washington, Dibble, Newcastle, Purcell or Norman. The sellers will entertain any cash offer. Contact Deborah Allison Real Estate today at email or phone.

Interest Rates are Going to Go Up...

2011-06-14T10:41:00.000-05:00

Now is the time to purchase! Don't wait... because I just did a loan for 4.5% on a small $62,500 dollar home. Wow! I wished I was moving so I could get in on this!

The Federal Reserve purchases U.S. Treasury debt each business day. This has kept the demand for U.S. treasuries higher than it would normally be, and as a result, has kept all interest rates lower than normal.

This program is to purchase this notes will be ending in June... the interest rate is bound to go up. So, don't wait to purchase a home for sale. I think 4.5% is the lowest we will see for 2011, for a 30 year, federally backed mortgage.

I've got several cute homes you can call about!

New Land Listing for Sale in Goldsby, Oklahoma

2011-05-25T21:55:00.000-05:00

Location matters when searching for the perfect spot to build your new home. This 10 acre tract is located just 8 minutes to Norman, on a blacktop state highway, has water available at road and is in Washington School District.

A perfect building location for new construction or mobile home. No restrictions on home size or livestock. These type of acreages are hard to find so,call or email for price and showing today.

Your Source for Housing Information

2011-05-10T11:45:00.005-05:00

Deborah Allison is a member of the NATIONAL ASSOCIATION OF REALTORS. With this NAR membership, I can provide a valuable monthly newsletter brought to you by HouseLogic for your home or land for sale searches.

Click here for newsletter

HouseLogic is a free source of information and tools from the NATIONAL ASSOCIATION OF REALTORS® with content covering home improvement, maintenance, taxes, finance, insurance and even ways you can get involved in and enrich your community.

Builders Lot Now Available in Purcell

2011-05-02T10:20:00.000-05:00

Crown Heights Addition

FOR SALE, 50 X 100 tract lots available for your new construction home in the Crown Heights Addition in Purcell, Oklahoma. Lots are located off North 9th street, which are close to the new high school. Priced at $18,000 each, or make an offer.

200 Acres of Land for Sale

2011-04-29T11:19:00.000-05:00

Buy all 200 or divide to 60, 80 or 120 acres. Quick access to I-35 in the Goldsby, Oklahoma area.

80 of Land for Sale in Wayne, Oklahoma

2011-04-29T11:14:00.000-05:00

Newer 4 bedroom, 3 bathroom home on 80 acres of land for sale just East of exit 86 and I-35 in the Wayne, Oklahoma Area. Call Deborah Allison at 405-249-2810 today for new reduced price and appointment.

For Sale By Owner

2011-04-20T09:10:00.001-05:00

FSBO at 2353 Blue Creek Drive, Norman, OK 73071 is a great location and neighborhood addition! Selling this AS-IS 1716 sq. ft., 3 bedroom, 2 bath home on 2.26 acres of land for only $85,000. Don't walk property unless your assisted by calling ...

Deborah at 405-249-2810

Check out Oklahoma Newest Market Updates for April, 2011

2011-04-15T13:23:00.001-05:00

Whether you are buying, or selling your home on land for sale here in central, Oklahoma...
click on the newsletter link below for tons of real estate information you won't want to miss out on.

http://deborahallison.housingtrendsenewsletter.com/

Cell Phone Numbers Go Public This Month

2011-04-14T17:56:00.003-05:00

Cell Phone Numbers Go Public this month.

REMINDER..... all cell phone numbers are being released to telemarketing companies and you will start to receive sales calls. You will be charged for these calls.

To prevent this, call the following number from your cell phone: 888-382-1222.

It is the National DO NOT CALL list It will only take a minute of your time.. It blocks your number for five (5) years. You must call from the cell phone number you want to have blocked. You cannot call from a different phone number.

HELP OTHERS BY PASSING THIS ON .. It takes about 20 seconds.

An Exclusive Buyer Agent

2011-04-14T09:49:00.002-05:00

If you're looking to purchase a home for sale, and require or desire professional real estate services as a buyers agent, please contact me for consultation and fees.

An exclusive buyers agent works solely for the buyer... much as an attorney works for a client when being represented. A buyers agent provides fiduciary duties of loyalty and would not allow a conflict of interest in a purchase of real estate.

Advocate vs Assisting. In simple terms, it's the difference of a Transaction Broker and a Single Party Broker, (single party broker is a Buyers Agent), is being an advocate for their client vs assisting customers to the transaction. All Realtors treat parties honestly. All Realtors will assist buyers to a successful home purchase with out fees.

The misconception is this... because the fees a Realtor receives are based on commissions from the seller... a buyer feels they are not being represented.

Please contact me if you have concerns about how you want to be served. I take concern and care with both buyer and seller. My professional services can be explained in detail, and you will be very happy making a knowledgeable decision about purchasing the biggest asset in your life... your home.

FHA Is Raising Mortgage Insurance Premiums

2011-04-13T14:09:00.003-05:00

April 17^th is the deadline for your lenders to order FHA appraisals before the monthly MIP increases to 1.15%. If your buyers are getting an FHA loan, you might want to check with their lender to see if the appraisal as been ordered. The Monthly Mortgage Insurance Premium increases with case numbers assigned on or after April 18, 2011.

City Wide Open House in Purcell and Wayne

2011-04-13T09:04:00.003-05:00

Many, many homes for sale in Purcell and Wayne, Oklahoma this Sunday, April 17th, 2011, from 1 to 4 pm. A variety of two, three and four bedroom homes from all price ranges will be open and no appointment necessary. So, if you need information and help for a purchase... you know who to call? Deborah Allison of course!

Open Houses in Purcell, Oklahoma Today

2011-04-12T08:56:00.001-05:00

Call for your personal appointment, 405-249-2810, for Home Tours available today in Purcell, Oklahoma

1019 N London
323 Kenna
808 Carrie Court
926 9th
429 W. Polk
and 508 S. Scott in Wayne, OK

Most of these homes are listed with Dillard Group Real Estate and the last two with Deborah Allison Real Estate. You will find a variety of styles and price ranges of houses for sale. Purcell is centrally located in Oklahoma and is only minutes to Oklahoma City, Norman or South to Paulsvalley.

Just Sold More Land in Washington Area

2011-04-06T18:03:00.000-05:00

For buying property, the saying is... "they aren't making any more of it"

Deborah Allison Real Estate just sold three nice tracts of land around the Washington, Oklahoma area. A 40, a 37.73 and a 20 acre tract have all closed. I have more listings available for sale! Let me try to find something for you!

Home Loan Modification Information

2011-03-31T08:25:00.000-05:00

This wonderful person has taken the time to blog about her efforts to help consumers in this difficult situation. Click the link below to follow her experience.

http://diaryofaloanmod.wordpress.com/

Loan Programs for Home Mortages

2011-03-29T10:37:00.000-05:00

If purchasing a primary residence... An FHA, USDA RD, VA or Conventional loan program will be your mortgage choice on a home for sale. There are many more loan packages are available within each program. So, call me... and I can refer you to a lender, for a pre-qualify application to find out if you meet the quidelines for one of these homeownership loans.

FHA, Federal Housing Administration requires at least 3.5% down payment from buyer. (3.5% can be gifted from relative).

VA, Veterans Administration is for the military and spouces. No money required out of pocket.

USDA RD, United States Department of Agricultural Rural Development is the best loan on the market! 100% financing and no mortgage insurance.

Convention loans usually require 20% down and have much less guidelines and restrictions to follow.

Buyers Agent to Purchase Real Estate

2011-03-29T10:05:00.001-05:00

Do you need a real estate agent to guide you, look after you, be and advocate for you? I can provide those services in the purchase of your next home. Let me explain the misunderstood differences in the relationships for a Real Estate Agent or Realtor.

A Single Party Broker is a Realtor or Agent, who has been sought out to perform advocating duties for the buyer who contracts with them. These Realtors/Agents will require a pre-signed contract spelling out the terms of finding a home exclusively for the buyer. Compensation may be required to locate the home, and be an advocate for the buyer - much like an attorney. A Single Party Broker works and executes for the buyers interest only.

A Transaction Broker is a Realtor or Agent, who assist both a buyer or a seller to the mutual agreement of buying and selling a home. The Realtor/Agent will provide information, by following instructions from both parties, to successfully close the home purchase transaction. No contract or compensation is normally required, (except for the listing agreement for the property).

If you would like to discuss this relationship more in-depth... please contact me. I'd be happy to help you decide what's best for you.

Home for Sale in Wayne, Oklahoma

2011-03-29T09:06:00.002-05:00

Why look for a house to purchase in Norman, OK, when you can purchase more for your dollars in Wayne... and buy better quality! 508 S. Scott in Wayne is $20 cheaper per square foot than the same size home for sale in Norman. Buy your college students home here, and commute to the University of Oklahoma. Call for details and showing!

3 Bedrooms
1.5 Bathroom
2 Living Areas
Utility Room
Covered Storage
Fenced Back Yard
Enclosed Patio