Achieve Your Home Dreams with the Right Realtor® for You

Whether you’re selling or buying a home, finding the right Realtor® to work with can make the difference between being happy with your home decisions or not. 

  • 03:31- Junior AchievementTeaching kids the economics of life- Shannon Bealer, President
    • Develops thinking skills- Encourages them to stay in school and gives them a new perspective on why they should have an education.
    • JA Biztown-gives 11 year olds the opportunity to run their own city. Sees how daily things, such as basic utilities, change the economics of the city.
    • Ipads for Highschoolers-App which allows them to pick their own socioeconomic group. Designed to help them see how their choices now affect their future. Looks into topics such as family planning, education, and career choices.
    • Volunteer!-JR Achievement is always in need of individuals to teach classes on aspects of running business, finances, etc. Contact through their website or call 918-663-2150 today!
  • 16:40-How to Pick the Right Real Estate Professional for You!- Stan Stevens, EXP Realty
    • Do an interview – Ask a series of questions to help you feel confident they are the best person to represent you and your home.
    • For Buyers- The right professional should give you a home and explain the lifestyle options of the community, any problems with resale, how the community is developing
    • For Sellers- The right professional gives you negotiating skills, they can point buyers to your home, show you where demand is and how to meet it.
    • 20 Questions You Must Ask Your Realtor
  • 27:55-Changing Interest Rates and How They Affect Your Home – Dan Newbury from TTCU
    • Economy is heating up-leads to higher interest rates and inflation.
    • Changes in rates = changes in what home you can afford-higher rates change what loan amount you are eligible for.
    • Lock in your adjustable rate mortgage now-Get a fixed rate before the interest rates rise higher. Gives you stability so you can sell later!
    • Apply for a loan with TTCU or call 918-749-8828 today.
  • 41:17-“Dumb” offers – Stan Stevens, EXP Realty
    • What is a “dumb” offer?-An offer which seems too low, seems ridiculous
    • Why do buyers make “dumb” offers?-Perhaps they’re trying to negotiate or get the seller talking.
    • What should a seller do?-Say “no thanks” and move on. They counter and go up, or you could counter offer!
    • Why a Realty Professional Matters-Helps you know how much your home is worth, or how much to offer when buying a home.

Featured Listings!

  • 6718 S Atlanta street -$235,000; This is a short sale with a price drop. Has been appraised for $250,000. In Williamsburg neighborhood, great property, good for an investment or to live in.
  • 6708 S Atlanta Pl – $289,000, 4,500 sq ft, 4 bed, 1 bonus room, 3.5 bath, 17,000 sq ft lot, circular drive, separate garage, and private office entrance.
  • 7201 W Edison St – 1,750,000, 55 acres, w/free house! 6,000 sq ft, (the land alone is worth that) house is an extra bonues. Has a swimming pool, 24 stall barn/stable which could be made into an event center, kitchen is amazing.
  • 1013 S Cyprus ave – has an open house on Sunday, February 11, 2018 from 2-4 this week , in Union school district, 5 bed, 3 car garage.
  • 1201 N 52, $240,000, in Broken Arrow neighborhood. Has a 3 car garage, tandem garage on one opening which is a great feature! Amazing house, you have to see the master bath.

Helpful Links

5 Negotiation Tactics That Kill Home Sales

Negotiation is a subtle art in real estate, but skilled negotiators can usually find some common ground that satisfies all parties. On the other hand, using the wrong negotiation tactics can sink a deal pretty quickly. Selling a home in Tulsa, OK is no different than any other location.  Negotiating a successful home sale is a function of addressing factors of human nature so all parties will come to the table and agree.  Here are some negotiation tactics buyers (and real estate professionals) should avoid:

  1. Lowball offers: Going far below market value when you make an offer damages your credibility as a buyer and can be insulting to the seller. The seller has a range in mind that they’ll accept, and if you’re not even approaching the low end of that range, they won’t even consider the offer.
  2. Incremental negotiations: Don’t continue to go back to the seller with small increases in your offer ($1,000 or less). The constant back-and-forth can grow tiresome and lead the seller to consider other opportunities.
  3. “Take it or leave it”: Try not to draw a line in the sand with your initial offer. The seller can get defensive and consider other offers if you immediately show that you’re unwilling to budge. Even if it’s true, don’t make a show of it.
  4. Nitpicking after inspection: Obviously if inspection reveals a major issue, it should be factored into the final sale price. But insisting on a lower price for every minor repair can put negotiations in a stalemate.
  5. Asking for more, more, more: Some buyers will request that the sellers throw in add-ons like furniture or appliances that weren’t included in the listing. Try to avoid giving the seller a reason to build up resentment and think that you’re being greedy.

Electrical Concerns in Tulsa

When shopping for a new home, we look for certain things: a certain number of bedrooms and bathrooms, the right size yard, carpet or hardwood floors. However, there are other things to look for in your new home which are not as visible, but just as important. One of those things is your electrical wiring.

In the 60’s and 70’s Zinsco® made electrical panels which were placed in many homes. This was a time when the electrical needs of homes was expanding and many manufacturers were working to meet the new demand. At some point, Zinsco® wanted to meet that need as well, so they decided to use a thinner breaker. They also switched to aluminum rather than copper. This allowed more breakers to be placed in their panels, and made them cheaper, but ultimately, they were unsafe. The aluminum and smaller breaker size worked together to create sparking and a fire hazard.

Inspectors see a Zinsco® panel as a red flag. This could potentially scare away potential buyers. Having it switched is a good idea. You can hire a professional to look over your electrical and see if you have a Zinsco® panel and if any changes need to be made.

As a homeowner you should be aware of your electrical panel. If you see sparking or have an electrical issue, you should turn off the electricity to the panel. Knowing where the panel is and how to turn off the electricity to certain rooms and the whole house can save lives and your home.

If your panel is in a closet, have it moved. Most experts advise keeping 3 feet in front of the panel clear and having one in a closet is a fire waiting to happen. If the panel begins to spark, it is close to very flammable items and out of sight, so a fire might not be detected until it is too late.

Once you know your panel is safe, and in a good location, have it checked to make sure all wiring is placed correctly and in a way it will not overload any of the breakers. This keeps your panel working properly and for a longer time. It also ensures you’re covered by your insurance if something happens with your electrical panel or wiring.

Electricity can be daunting. There are some great professionals in the area who can help you figure out what needs worked on. Be safe with all your electrical needs. Schedule a call, or an appointment, for your real estate questions today at askinforbaskin.com

Inspection Tips For Selling and Buying in Tulsa

Whether you are buying or selling a home, a general inspection is always a good idea. For the buyer, often property disclosures are missing, and having an inspector look over the home gives peace of mind. For the seller, it shows you where your home might need some changes before you list it, and you know what will come up in future inspections.

A general inspection gives you a sense of the overall condition of your home and looks at the structural issues in your home. A good inspector tells you any issues in your wiring, the structure, and many other areas. However, they usually do not go much farther than the basics. Other kinds of inspections can be worth it for peace of mind. For example, roof inspections are wise since after 5-10 years, your insurance may not cover the full cost of replacing it. You may also want to look into inspections particular to your neighborhood, such as radon and mold.

Your inspection is an investment in your home. Even if a home is new, it will need upgrades and repairs. Inspectors can give you a heads-up as to which items you should be concerned about first. Find a good realtor who represents you as you buy, or sell, your home. They help you know how to interpret the inspection and can recommend good contractors for those things you need aid with. Schedule a call, or an appointment, for your real estate questions today at askinforbaskin.com

Tulsa Program to Help Kids Succeed

It’s often said that children are our future leaders. Just like learning math, or English, leadership can be taught and honed. Junior Achievement of Oklahoma (JAOK) is a local program designed to teach kids the skills they need to succeed. It is estimated the JAOK educates 5600 students every year statewide and partners with 4000 business partners.

The JAOK works to teach kids about economic achievements in life. They offer a series of classes designed to help them grow into economic leaders. Each class is designed to help young people in three key areas: work readiness, financial literacy, and entrepreneurship. Kids learn critical thinking skills as well as how to succeed in the job market, either as an employee or a business owner. They also learn how to understand finances, which is beneficial in all areas of life.

Just like many programs, JAOK works through donations and volunteers. They’re always on the look-out for professionals willing to give of their time and expertise. The kids benefit from the advice and experiences of those sharing. The teachers benefit by building relationships with the kids, while doing something fun. If you feel drawn to volunteer, check into their website for more information. There are also ways to sign up a child for the program and more on what’s available. You can also email Erica Irvine at eirvine@jaok.org for more information.

This program is one of many reasons our community is so great. Schedule a call, or an appointment, for your real estate questions today at askinforbaskin.com.

Tax Changes Which Affect Tulsa Real Estate

Every year there are changes to tax laws. This year, there have been some changes which affect the real estate market. Here are a few and how they affect you.

The first change is about home purchasing. In the past, you could purchase a house for up to a million dollars and write it off on your taxes. The new maximum has been changed to $750,000. So, this may change the price of the home you are looking for.

The second big change involves home equity lines of credit. Normally you can apply for a line of equity to buy a car, pay off credit debt, or many other things. However, they are mostly used for home improvement. In the past, you could take the amount of interest you paid on that equity line and use it as a tax deduction. Now, only home equity lines which are used for home improvement are tax deductible.

The last change is to the maximum amount for a conventional loan. Previously, it was $417,000. This has been raised to $451,000. You can now purchase more home and have a better interest rate.

Also, if you have an investment property you are looking to sell, remember you have 90 to 120 days to purchase a new property. After that amount of time, you have to pay your capital gains tax from that sale. A wise investment move is to take your profit from that sale, place it into a 1031 exchange, and then find a new property over the 90 to 120-day period.

These are not bad changes. The best thing you can do is to meet with a CPA. Whether you have an investment property you are looking to sell or looking to get a credit line to fix up your home, the CPA can help you come up with a game plan that works best for you. They may even suggest refinancing to help get the best deductions. Schedule a call, or an appointment, for your real estate questions today at askinforbaskin.com

CSST Pipe in Your Tulsa Home May Be a Fire Hazard

 

Click here to learn more on why you need to bond your CSST Pipe to prevent an explosion

A CSST (Corrugated Stainless Steel Tubing) pipe doesn’t look like a typical pipe. It’s flexible with a thin wall, yet is strong and reliable. It’s usually yellow, but can occasionally be black. A CSST pipe is used to supply natural gas and propane. While CSST is durable, there has been an issue.

When a house with a CSST pipe is struck by lightning, or lightning strikes nearby, the home can explode. This issue began in the 90’s, however initially; it wasn’t clear as to why. The reason is that lightning gets on the gas line and travels the gas line looking to ground. While it’s traveling, if the CSST pipe passes close to an electrical junction box, the electricity will jump. When the electricity jumps, it creates a pinhole in the pipe, which lets the gas out. The leaking gas combined with the sparks from the lightning are not a good combination and can result in an explosion.

The explosion can be prevented by bonding the gas line to the electrical system. This is done by running a wire from the electrical system ground to the gas line. This will prevent the electricity from jumping.

This is a new code which was passed in 2005, instituted in approximately 2007, and is considered to be a huge safety concern. It’s a code which needs to be taken seriously as a home seller and a home buyer.

Since this is an electrical task, it’s recommended that a licensed electrician inspects and performs any electrical bonding. The cost in the Tulsa area depends on whether the house is one or two stories. A single story house, about 1800-3000 square feet may cost around $185. The price increases on a two-story house because the manifold is in the attic.

For additional questions on CSST pipe bonding, contact Steve at Murray Electric in Tulsa, at 918-835-9605 or www.murrayelectric.com.

 

Featured Properties

  • 3510 E 104th Place – Located in Tulsa, nearly 1 acre, 1-level home, 3,400 SF, private master suite, updated kitchen, and new roof. Jenks schools! Listed at $299,000
  • 7957 S 78th East Ave. – Located in Sweetbriar. Wonderful layout with 3 bedrooms downstairs plus bedroom suite and theater upstairs. Semi-detached office w/outside entrance, outdoor living area. Great value! Listed at $225,000
  • 8954 W 51st Street – Well priced Grand Colonial home with beautiful entry! 9042 SF on 5 acres, 6 bedrooms, 6-full/2-half baths, chef’s kitchen, mother-in-law suite, and 8-car garage. Listed at $999,999
  • 6708 S Atlanta Pl – Spacious home on corner lot with 4500 SF; 2 bedrooms on first floor, 2 upstairs with possible 5th bedroom, formal living, dining, and family rooms. New hardwood floor and plenty of closet space! Office with separate entrance and Circle driveway. Listed at $294,000

For a complete list of active listings, visit homeguidetulsa.com.

Schedule a call, or an appointment, for your real estate questions today at askinforbaskin.com.

Prohibited Dealings When Buying and Selling Real Estate in Oklahoma – Know What Your Realtor® Shouldn’t Be Doing

Join “The Future of Real Estate” to hear more about prohibited dealings to avoid in real estate.

The Oklahoma Real Estate License Code and Rules provides a list of 23 prohibited dealings.  These standards are important for all people to know. As a consumer looking to buy, or sell real estate in Oklahoma, you should be aware of the commission rules. These are established to protect you from a potentially negative outcome. Licensed real estate agents are expected to adhere to a certain standard. If they don’t follow these rules, they can be held accountable by the licensing commission and the law.

One prohibited dealing listed by the Oklahoma Real Estate Commission is “The making of a brokerage service contract without a date of termination”. In other words, it’s an open-ended contract. As a consumer, you don’t want to sign a contract that doesn’t list a termination date. It’s too ambiguous and creates conflict.

A second prohibited dealing is “Purchasing of property by a licensee for himself or herself or another entity in which the licensee has an interest as defined in 605:10-15-1 (c), if such property is listed with the broker or the broker’s firm, without first making full disclosure thereof and obtaining the approval of the owner, or the failure by the licensee to exert the licensee’s best effort in order to later purchase or acquire the property for themself or another entity in which they have an interest as defined in 605:10-15-1 (c)”. It’s not wrong for a Realtor to sell a property in which they have an interest; however, they must make it known.

These are 2 of the 23 prohibited dealings. Visit the Oklahoma Real Estate Commission for a complete list of prohibited dealings in Oklahoma.  Check out the License Code and Rules (effective November 1, 2017) document.

For additional real estate questions, or to schedule an appointment with The Baskin Real Estate Specialists, with no cost or obligation, visit askinforbaskin.com.