Tulsa OK Homebuyers: What You Need to Know About Contract Timelines


Darryl and Dan Newberry of TTCU discuss the latest State contracts for home mortgage loans and how they can impact Tulsa home buyers.

When you make an offer on a Tulsa, OK home, and it’s accepted by the seller, the clock starts ticking, and there’s only so much time available to get everything done so you can close on your new home on time. As Dan Newberry of TTCU explained on our latest episode of The Future of Real Estate, this is a vital piece of the process for home buyers to understand.

The most recent state contracts for Oklahoma home mortgages provides a 5-day window for lenders to have everything in order for the closing process, including the scheduling of an appraisal. This 5-day time limit was put in place to help both buyers and sellers be assured of the funding process, that a home buyer will in fact be able to purchase the home they have made an offer on.

This is great news, but home buyers need to remain diligent in their part of the process as much as they should be in choosing a lender to work with. As a Tulsa home buyer, as soon as you have an agreed upon offer signed by the seller, you’ll want to contact your lender immediately to get the ball rolling on the process.

You’ll also want to have a lender who understands the time sensitive nature of this type of transaction. A lender with built-in practices and processes to keep the 5-day time table attainable will be key to helping you avoid losing your earnest deposit. The way TTCU understands the new real estate contracts for Oklahoma, this is a real possibility which home buyers may now face. If the 5-day period isn’t met, a buyer can lose their earnest money to the seller.

One way to help lessen the possibility of delays is to get full pre-approval from your lender before you make an offer. Having the documentation in hand which shows how much of a mortgage you are approved for will make a big difference in how quickly the process of getting your funding in order can happen. TTCU offers loan approval options, when you’re ready to buy a home in the Tulsa or Green Country region, visit www.ttcu.com to start the discussion of mortgage options.

For real estate questions, contact The Baskin Real Estate Specialists of eXp Realty at 918-732-9732 or darrylbaskin.com

Tulsa OK Real Estate Review: Home Warranties

Darryl talks with Penny Roth of Home Warranty of America, reviewing the benefits of this important added insurance for your home.

A home warranty is something every Tulsa, OK seller, buyer and homeowner should seriously consider. Just as with other types of insurance, a home warranty is in place to help you defray the costs of repairs when things go wrong. As explained by Penny Roth of Home Warranty of America (HWA), this type of coverage is often over-looked yet can be quite beneficial.

With a home warranty close to 120 items which fall under household appliances and systems are covered for repair. This goes beyond standard homeowner insurance policies; good news for policy holders faced with significant damages or repairs. Home warranties can cover items such as appliance repair and replacements, leaking gas or water pipes, plumbing fixtures, alarm system repairs, garage door systems and so much more.

Suppose you have a water pipe leak and your wood floor is damaged. Chances are your homeowners’ insurance will cover the damage to the floor, but what about fixing the pipe? Unless you have a home warranty, you’re looking at having to cover that expense yourself. With a home warranty you can save considerable funds when it comes to home repairs.

Tulsa, OK and the surrounding areas of Bixby, Broken Arrow, Collinsville, Glenpool and Sand Springs, are in a growing sellers’ market. An excellent incentive for home sellers to provide to buyers is a home warranty with the sale of their property. Home buyers can also opt to purchase their own warranty; typical plans last for a year and give a measure of peace that should anything go wrong after moving in, the expense won’t be cost prohibitive.

Even if you’ve been in your home for a while, you can still benefit from a home warranty, the fees are a bit higher, but the expense is worth it for the extra insurance against the unexpected.

Find out more about home warranty options by checking out the Home Warranty of America website: www.hwahomewarranty.com For real estate questions, contact The Baskin Real Estate Specialists of eXp Realty at 918-732-9732 or darrylbaskin.com

 

Featured Properties

NEW LISITNG: 1203 W. Austin St. $127,000 3-bdrm, 2-bath, 2 car garage, in South Broken Arrow, great low price for the area- check out the eXp 3-D tour online, this is not expected to be on the market long!

1181 E. 131st Street 16,000 sqft; close to 55 acres, Courtyard, Pool, 4-car garage, $2,400,000. Check the eXp 3-d online tour of this incredible listing. Jinx/Bixby area. Great for a Bed & Breakfast investment.

940 E. College St.  Very affordable condo ideal for convenient living. $68,000. 2-bedroom, 1.5-baths, 2 level unit in Broken Arrow, close to downtown, recreation center across the street. Great for active lifestyle with the best of urban village living and a home-town atmosphere.

2748 E. Admiral Blvd. Reduced Price $104,500. 4-bedroom, 2-bath. Value-priced property. Multiple offers Pending, yet it may not be too late, call today to find out if you can get this incredible home.

26721 E. 80th Pl. South $268,000, 2,698 sqft. need a workshop? Love your cars and recreational vehicles- this is a haven for you- attached garage AND a separate 500 sqft. insulated garage; in Kensington Ridge, near Forest Ridge MPC.

Save Stress and Time by Calling an Expert in Electrical Repairs

Our discussion with Steve from Murray Electric reviews the benefits of having an expert you can call for help

We all have things we need to get done at home, and often we can take care of them ourselves. But when you are faced with an issue you don’t have experience in or are stumped as to what the source of a problem may be, you can save yourself stress and time by calling on an expert to help.

When it comes to electrical concerns at home, here in the Tulsa OK metro area and Green Country, we have an excellent resource to turn to. The folks at Murray Electric follow a similar business model to eXp Realty, providing help and support with compassion and understanding. So many of us get the run around when we call a business seeking answers, a human voice seems almost impossible to reach. Not with Murray Electric, there is a person on the other end of the line who genuinely wants to help.

Just the other day I was at home working, yet again, on my exterior lights. I took all the basic steps to try and figure out why my lights weren’t working. Then I got to a point where I couldn’t go any further, so I called Murray Electric. When I explained my situation, they asked me questions to try and troubleshoot the problem. These guys are not just looking to make a buck, they really want to help. They’re not afraid to try to help you avoid a service call, they just want you to get the problem fixed, service call or not. This is the key difference to search for when it comes to finding local services and businesses to work with.

The next time you have an electrical issue come up at home, save yourself a lot of stress and time, by having a conversation with Steve at Murry Electric yourself. This is one local service where there is a live person on the other end of the phone. With two locations in Tulsa (918-835-9605) and Broken Arrow (918-254-9771), help is just a phone call away. Find more information at their website: www.murrayelectric.com.

 

Junior Achievement Aids in Financial Literacy for Tulsa OK Students


Special Guest Erika Irvine, joined Darryl in our latest show to review Financial Literacy Month and JA Programs

 Junior Achievement in Tulsa, OK, is an incredible community program which brings the experience of local business and students together to work towards a brighter future. One important way for kids to be able to grow and choose their own destiny is through learning the vital life skill of financial literacy. April is National Financial Literacy month and JA is spending this time focused on specific programs to teach our Tulsa students about what it means to understand how finances work.

Through the JA program Finance Park, students experience real-life scenarios centered around establishing and using a budget to take care of one’s basic needs. Many kids don’t know, much less think about how they will take care of themselves once they reach adulthood. Finance Park shows them with the support of local volunteers.

Through the program kids are given a role to play as an adult, going to work and bringing home a paycheck which is ‘used’ to pay the bills of everyday life. This is a great way for students to see a direct link between the career path they choose and their own quality of life; that they do have choices, and with the right kind of education, they can make choices for their own benefit.

JA Finance Park needs volunteers! If you have been considering being a part of this great organization, Financial Literacy Month is a great time to get started. Contact Erika Irvine directly to find out how you can help by emailing her at eirvine@jaok.org, or calling her at 918-660-2158. Find more information at their website as well jaok.org. For real estate questions, contact The Baskin Real Estate Specialists of eXp Realty at 918-732-9732 or darrylbaskin.com

 

Smoke and Guns V MMA Event in Tulsa Supports OK Special Olympics and Firefighters Burn Camp

Tulsa, OK BOK Center:  Firefighters and Policeman face off in Smoke and Guns, the ultimate MMA event, raising money for Oklahoma Firefighters Burn Camp and Special Olympics of Oklahoma.  Watch America’s finest compete for the coveted title in the nation’s only charity MMA event between the two.

Sponsored by The Baskin Real Estate Specialists at eXp Realty, Myers-Duren Harley Davidson, Quiktrip.

Gorgeous Tudor Styled Home in Tulsa, OK

 

 

 

 

 

 

 

 

 

 

 

1554 S Yorktown Place, Tulsa, OK

You’ll step back into Tulsa’s history with this 1930 Tudor styled home with modern features, classic style, and plenty of space for your lifestyle needs. The home has a total of 5 bedrooms and 5,769 square feet. The main level is a traditional layout with a wide door and passage opening, which gives it an open feel. The kitchen has been remodeled and features an island and bar with a breakfast area as well as a small living space.

The upper level offers extraordinarily large bedrooms, and a fireplace in the master suite. Additionally, the master suite has an optional connection to an adjacent bedroom should a nursery, reading room, or extended master suite be preferred. Downstairs is a full basement with two enormous living spaces, two fireplaces, and the main laundry room, which accommodates two sets of washers and dryers, if desired.

Contact The Baskin Real Estate Specialists of eXp Realty at 918-732-9732 or darrylbaskin.com

 

All About Real Estate Appraisals

If you have ever wondered why real estate appraisers don’t give credit for square footage in certain areas, what they can and can’t give value to, how values are calculated, what happens when real estate prices are improving or declining?  Listen to these appraisal experts as they explain the latest rules and how they affect home buyers and sellers.

This presentation took place at the Home Builder’s Association of Metro Tulsa and was sponsored by Gateway Mortgage.  OKLiveevents.com stream made possible by Gateway Mortgage andThe Baskin Real Estate Specialists at eXp Realty.

Asking Questions Will Lead You to the Right Tulsa OK Realtor®


Darryl & Stan talk about asking questions to find the right agent

Being a Realtor® goes beyond the idea of a glamorous career. Being a successful Realtor® takes more than a sign in the yard and some great photos. It takes experience, knowledge of the local market, a trustworthy network of community contacts, and a genuine desire to help others achieve their home dreams.

I am here to take the burden of coordinating the process of selling or buying a home. I am here to handle the unexpected, be it a ‘mini-fire’, such as some furniture left behind by a seller, or a big emergency (the roof does leak after all!). Client or not, I encourage anyone looking at residential real estate in Tulsa, Broken Arrow, Sand Springs, or anywhere in the state or nation, to check out the 20 Questions I have compiled which can help you start the conversation with potential agents.

This in-depth guide is a valuable resource to assist you through the process of finding the right agent. Download my FREE home seller and home buyer report,20 Questions You Absolutely Must Ask Your Next Agent Before You Sign on the Dotted Line for a complete list of questions, including an agent interview when hiring a Realtor®.

If you do live in Green County, and have some questions about Tulsa real estate, or just looking for some answers to help you prepare for the next step in either buying or selling, I encourage you to book an appointment with me. With my easy-to-use online scheduling site, AskinForBaskin.com, you can choose a time frame and date which is convenient for you. Be it for a quick phone call, or an in-depth interview to see if we’re a good match.

I truly enjoy the opportunity to help others directly. I am passionate about what I do and where I live. There is no place like Green County and the communities such as Tulsa, Broken Arrow, Bixby and Colinsville. Wherever you live, or are looking to move, I am here to help. For a complete list of active listings, visit homeguidetulsa.com.

For real estate questions, contact The Baskin Real Estate Specialists of eXp Realty at 918-732-9732 or darrylbaskin.com.

 

Featured Properties

 NEW LISTING: 1181 E 131st Street, Jenks 17,000 SF. Close to 55 acres, courtyard, pool, 4-car garage, $2,400,000. Check the eXp 3-d online tour of this incredible new listing.

NEW LISTING: 752 Knobb Hill Dr – Sand Springs $170,000, Split-level, 4 bedrooms, 3 full baths, 3 acres with a lakeside view, wrap around back porch, storm cellar.

4706 S 178th East Ave. Broken Arrow, 4 bedrooms, 3 baths, plus bonus game room/suite on upper level. $259,000

8954 W. 51st St. 9,042 SF. 5 Acres of ultimate luxury living. 9,000 square feet with plenty of bedrooms, baths, and living space. Additional 8 car garage. Perfect for weekend ranchers and horse lovers.

1013 S. Cypress Ave. $274,900. 5-bedroom with master suite on first level, 3-car garage, private lot on cul-de-sac. Property borders include natural fielded area,. No backyard neighbors. 2,000 square feet.

 

TTCU Loan Options Can Help Tulsa, OK Home Buyers Get More from Their Investment


Darryl and Dan Newberry of TTCU discuss a loan options for home buyers to put more into their investment with home improvements.

When planning to buy a home in the Tulsa, OK or Green Region, it’s important to get the best loan for your situation. Watching interest rates can help you determine the best time to get a loan as well. Working with a trusted mortgage funding resource such as TTCU is a sure way to get the advice you need to make the decision of when to get a loan, and for how much.

There’s a great new product available through TTCU which Dan Newberry shared with us on our latest broadcast of The Future of Real Estate is Now radio show. Many home buying investors, those who are purchasing rentals or flipping homes for an investment gain potential, often seek out a fixer-upper or a home which needs some work before renting or selling it again. These homes are often at a lower price, but with a catch; there’s a significant cost to the buyer to update and repair the property.

For property investors, they often have the cash available to handle these bigger price tag projects. But what about your average home buyer? Having access to a large sum of funding beyond a mortgage loan can be a challenge, if not a hinderance, towards updating a home. In comes TTCU to the rescue with a new option. This Tulsa region credit union now has a loan product for home buyers to get up to $40,000 in funding to put towards home improvements.

With such a loan, the goal is two-fold. First, it allows home buyers to update a newly purchased house, so they can really love where they live. Second, this can also help a property appreciate in value more readily, as often improvements and updates will equate in a higher value when it’s time to sell once again. This is good news for a lender such as TTCU; they see it as an investment in their clients as much as it is in a property, a win-win situation for everyone.

Visit www.ttcu.com to start the discussion of financial solutions for you and your family.

For real estate questions, contact The Baskin Real Estate Specialists of eXp Realty at 918-732-9732 or darrylbaskin.com.

Tulsa OK Real Estate Review: Home Inspections


Darryl & Stan Continue their discussion of important aspects of buying Tulsa, OK residential real estate

You’ve made an offer on a Tulsa home, now what? First things first. The inspection needs to be completed. There is a 10-day period to get this done. The main reason this is such a short time frame is to allow both the buyer and the seller a quick process to confirm a home is in good shape, and if any repairs are needed, there is time to negotiate or walk away without either party losing too much in time or money.

There are 2 main types of inspections to have done on a home, structural and utility-based. A structural inspection covers a review of the bones of a house. How is the foundation? Are there cracks in walls or along molding? What shape is the roof in? Utility-based inspections focus on the systems of a house, such as electricity, plumbing, heating, and cooling.

Home inspections provide a negotiation tool for both home buyers and sellers. With an agent you trust on your side, getting through the inspection period can be made less stressful, as you can rely on your agent to help you examine all the options before giving that final ‘yes’ or ‘no’ to your Tulsa real estate contract.

Should the home you want need a new roof, as confirmed by the inspection, you and your agent can work with the seller to possibly lower the sale price and have you cover the cost of the roof repair. A lower price will give you additional funding to cover this, and a good agent will utilize their network of other trustworthy Tulsa area companies to help get the job done.

 When you are ready to sell or buy a home in the Tulsa OK, Green Country Region, or simply have some questions you need answered, schedule an appointment with me at Askin4Baskin.com. Whether you choose me to be your Realtor® or not, my goal is to help educate the community and my clients to achieve their home dreams  For real estate questions, contact The Baskin Real Estate Specialists of eXp Realty at 918-732-9732 or darrylbaskin.com