Buy a Home with No Down Payment in Tulsa, OK! See all Your Financing Options at TTCU Federal Credit Union

Click here to learn more about your home financing options in Tulsa

TTCU Federal Credit Union, in Tulsa, has a selection of financing options available for home buyers. They offer two conventional type loans which allow for no money down. These options include:

  • 100% Financing – You can buy a home without a down payment. This 100% single loan requires a 720 credit score, with adequate credit history, plus closing costs.
  • 80/20 Combo Loan – This loan breaks up the costs, 80% is applied to a first mortgage and 20% is applied to a second mortgage. This loan requires a 680 credit score. and some established credit history, plus closing costs.

Keep in mind, down payments and closing costs are separate. The down payment is the amount being paid towards the home. With the financing options mentioned above, no down payment is needed; however, the buyer is responsible for closing costs. Closing costs include all the “extras”, such as taxes, insurance, escrow, and lender fees. When you purchase a home, you’re required to pay 1 year of insurance upfront. Also, money has to be put into a monthly escrow account so when insurance and taxes are due, the money is available.

There are options available to help with closing costs as well. Most programs will allow the seller to pay up to 3% of the sales price towards your closing costs and “pre-pay” items. Take the time to investigate all your options and see how they fit in with your budget. Often, when closing costs are quoted, they don’t include the escrow, so be sure to ask about all fees. Be vigilant when choosing a lender. There have been instances in which buyers received a pre-approval letter, yet they weren’t actually pre-approved! As a Realtor®, when Darryl Baskin sees a pre-approval letter from TTCU, he knows he can trust it.

If the financing options listed above don’t meet your needs, TTCU offers additional programs, such as VA, bridge, home equity, and home improvement loans. Also, TTCU Federal Credit Union will take 0.125 off your interest rate when you close with them; the loan must be a purchase transaction and close at Integrity Title and Closing. TTCU offers some of the lowest closing costs in Tulsa! Visit ttcu.com to fill out an application online, or get more information.

Taking the time to research financing options is part of the “18 Essential Steps” suggested by Baskin Realty Specialists. Buying a home can be a challenge, but when done correctly, it’s a smooth process.

For more information on interest rates, or to complete a loan application online, contact Dan Newbury at TTCU Federal credit Union or visit ttcu.com.

To schedule an appointment with Baskin RE Specialists, with no obligation, visit askinforbaskin.com.

Featured Properties

  • 7957 S 78th East Ave – 4BR, 3 baths, 2-car garage, outside entrance office, pergola. $225,000
  • 8954 W 51 St – 5 acres, 9042 SF welcoming, beautiful family home with classic colonial style entry. The 8-car garage offers room for a workshop or storage. $999,999
  • 6708 S Atlanta Pl – 5BR, 3 full baths, office w/separate entrance, new hardwood floor, 2 bedrooms downstairs and optional 2nd master upstairs with private staircase $296,000

 

Time To Put Up Your Christmas Lights in Tulsa, OK!

Click here & join The future of Real Estate to hear more about why now is a good time to put up your outdoor Christmas lights in Tulsa & how to prevent electrical hazards.

You don’t have to turn them on quite yet, but November is the perfect time to start planning and getting your Christmas lights set up. If you wait until December, you may be setting up decorations in the cold, freezing rain, or snow; which can be dangerous. Getting the decorations up now, while it’s still comfortable outside, will help prevent mistakes and accidents.

Also, check to be sure you’re using the right extension cord for indoor and outdoor use. The type of material on the cord is what makes it safe for outdoor use as it’s designed so it won’t crack. How can you tell the difference between indoor and outdoor cords? Indoor cords look like two pieces of cord put together; they have a seam down the middle. The outdoor cord is sealed, round, and the plug is one molded piece. You don’t want to use less than a 14 gauge wire. The cord should have “14 awg” stamped all over it. Also, use a 3 prong conductor so that it’s grounded.

You may have an outdoor outlet that isn’t grounded, meaning it only has 2 prongs rather than 3. In this case, you should replace the outdoor 2 prong outlet with a GFI (ground fault interrupter). The GFI will act as a safety when there’s no ground. You can use a GFI any time you have concerns about an outlet not being safe.

If you have more questions about installing your Christmas lights safely, or have electrical needs, contact Steve at Murray Electric in Tulsa, at 918-835-9605 or www.murrayelectric.com

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

18 Essential Steps for Homebuyers from Baskin Realty Specialists

To hear more on the 18 Essential Steps of Buying a Home in Tulsa, click here

Buying a home is a process with many steps involved. We at Baskin Real Estate Specialists, have broken down the home buying process into 18 essential steps. We take the time to sit down with you and walk you through each of those steps.

We understand that every homebuyer has different needs, and those needs vary on the stage of life you’re in. Our main goal isn’t to get a deal closed as quickly as possible; we’re in the business of building life-long relationships. We do that by keeping our clients best interests close at heart and finding the house that’s perfect for them.

If you’re thinking of buying or selling a home in the Tulsa, OK region, reach out to Baskin Real Estate Specialists for a complimentary meeting. There’s no obligation and no cost. We would love the opportunity to meet with you to tell you why we have been in business for so long and why we have great customer satisfaction ratings.

To schedule a complimentary appointment, contact The Baskin Real Estate Specialists of eXp Realty at 918-732-9732 or schedule an appointment online at askinforbaskin.com

A Perspective from a First Time Home Buyer in Tulsa

Click here to join “The Future of Real Estate” and hear Daniel’s experience buying his first home in the Tulsa area.

Daniel is a first time home buyer in Tulsa. He recently closed on his first home and has useful feedback for fellow first time home buyers.

Daniel was surprised by how calm he felt through the process. After hearing stories from friends, he had expected the process of buying his first home to be stressful. He attributes the smooth process to Darryl Baskin from Baskin Real Estate Specialists. Darryl made sure Daniel was well informed throughout the entire process. As a result, Daniel was never surprised and didn’t experience many issues.

Darryl attributes the ease of the process to Daniel taking the time to plan properly. Daniel’s financial planning and preparation prior to beginning his home search helped make the process smooth. Obtaining pre-approval ahead of time allows the home buyer to budget properly and know their price limit.

Daniel took the time to look at houses online to see how much houses in Tulsa are listed for. He also began to compare features to determine his “must have’s”. He began this process a year before setting out to seriously look at homes.

There were a few speed bumps along the way. Daniel lost the first property he made an offer on. Another home buyer made a cash offer first. As a result, the seller chose the cash offer. Multiple offers on a home aren’t uncommon. This is another reason why having pre-approval can be beneficial. When receiving multiple offers on a home, the seller may choose the buyer who has been pre-approved.

When buying your first home in Tulsa, take the time to research, plan, save, and get pre-approval on a home loan. It also helps to attend a first-time home buyer class. Baskin Realty Specialists and TTCU Federal Credit Union are currently planning a first-time home buyer class!

Visit TTCU Federal Credit Union to review their financing options. They offer four different 100% lending options. This means you don’t put any down, you only pay closing costs. TTCU Federal Credit Union offers some of the lowest closing costs in Tulsa. In addition, when you close with TTCU Federal Credit Union, you receive .125 off your interest rate when the loan is a purchase transaction and close with Integrity Title and Closing. Visit ttcu.com for additional details.

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

 

 

Is it Too Late to Buy a House in Tulsa, OK, AND Move in by the Holidays?

Click here to learn why NOW is a great time to buy or sell a home!

The holidays are approaching…is there time to buy a house and move in by the holidays? Yes, it’s possible!

Over the past three years, when comparing the seasonal time of year to peak times such as spring/summer, the actual ratio of homes sold compared to homes listed remained within the same percent. This is because the sellers who are serious keep their listing on the market during the holidays and winter. In addition, the buyers who are venturing out during this time are serious, too. Everyone is ready to make a deal! This is the time to buy. This is also the time of year investors purchase properties.

Featured Properties

  • 6708 S Atlanta Pl. – 2 bedroom’s on 1st level, optional 2nd master upstairs with private staircase, 3.5 baths, circle drive, office with separate entrance, $296,000
  • 7201 W Edison Street – 55 acres, luxury home, 6 bedrooms, 3 sub-zero’s in commercial grade kitchen, 24 stall barn. Endless possibilities for this luxury property in Tulsa! $1,750,000
  • 6718 Atlanta Ave. – Short sale in beautiful Williamsburg neighborhood with updated kitchen and enclosed sun room off master. List price is $245,000…Make an offer!
  • 1 N Armstrong St. – Commercial property in Bixby! Former IceHouse 24-hr Fitness Center. Equipment has been sold. Clear span, concrete construction, 6 zones heating/air. $260,000

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

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

Stress-free Tips on Winterizing Your Tulsa, OK Home

Click here to join The Future of Real Estate to hear more about winterizing your home in Tulsa!

It’s that time of year when we begin to see freeze warnings in Tulsa! When the temperature drops, there’s a potential for pipes to burst. You can help prevent winter water issues in your Tulsa home by doing the following:

  1. Disconnect your hose – hoses trap water. When you leave the hose connected, the water does not drain out. The water freezes and then leaks into the house.
  2. Open cabinet doors and laundry room doors where they don’t have good air flow, especially if the home is vacant, or you’re leaving for a period of time.
  3. Leave the heat on at 55 degrees.
  4. If the home is vacant, or you’re going away, turn off the main water supply lines and drain the pipes.

Take the time to winterize your home properly. These quick and easy steps may help prevent costly issues.

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

Junior Achievement of Tulsa Teaches Students Financial Responsibility

To hear more about Junior Achievement of Tulsa on The Future of Real Estate, click here

Junior Achievement of Tulsa, OK, is a non-profit program which teaches students, kindergarten through twelfth grade, age appropriate finance programs. Through this organization, students learn about world economy, the stock market, budgeting, and how to write a check.

Darryl Baskin, of Baskin Real Estate Specialists, is a volunteer with Junior Achievement. He recently spent a few hours volunteering at “Finance Park”. Finance Park is one of the programs offered by Junior Achievement, and was developed to give students an idea of how their education affects family planning choices.

Students participating in Finance Park utilize a program running on an iPad and are presented with a simulated career and salary. The student makes real-life choices based on their virtual income, such as selecting a car, house, health insurance, and budget for childcare. If they make a mistake, such as choosing the wrong health insurance, they receive an error and have to re-do it. Once they are complete, the program then gives them a real life situation, such as “you just got a flat tire”. The student must work out a solution to the problem.

Junior Achievement puts together a framework for students and teaches how to adjust to financial issues. The program educates kids by applying what they learn in school and demonstrating how to be realistic with finances, including groceries, bills, and insurance.

The programs are run by volunteers who teach life appropriate materials. The volunteers have an opportunity to show the students they have the power to change their life. If you have any interest in volunteering, or for more information on Junior Achievement, contact them at jaok.org

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

 

Which Inspections are Necessary When Buying a House in Tulsa, OK?

Click here to join in The Future of Real Estate and learn more about which inspections you need as a Home Buyer in Tulsa

Buying a house in Tulsa, OK is an exciting time! However, it’s a big process and the steps can become confusing. An important part of the process, which you don’t want to skip, is a home inspection. There are a lot of different types of inspections. Which home inspections should you focus on in Tulsa, OK?

Tulsa has a wide range of properties for sale, including newer homes and older homes. Each property has different needs. It’s best to start with a general home inspection. This inspection will cover roof, structural, electrical, plumbing, and mechanical. The general inspection will uncover any major issues, as well as any problems which may develop over time. In addition, the home inspector can recommend any additional inspections which are needed, such as radon, lead paint, or mold.

Once the inspector presents any major issues, the buyer has some options. They may request the seller to fix any major issues before proceeding with the sale, or they may decide to not buy the house.

What qualities should you look for when choosing a home inspector in Tulsa? First, and foremost, choose an inspector who is licensed. Take the time to meet with a few inspectors. Ask them if they are associated with a professional inspector group and ask to see a sample report.

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

 

Photo Attribution: Mark Moz flicker.com

How to Choose the Right Real Estate Agent; Tulsa, OK

Click here to learn about how to choose the right real estate agent in Tulsa, OK 

Darryl Baskin’s perspective as a Real Estate Agent is different. People often feel as though they’re always being “sold” something. It’s easy to get sucked into the hype sales people present. Darryl’s perspective is to skip the hype and present the facts on why his recommendation is a good option for you. If you don’t feel it’s the right option, then it’s okay to pursue something else, such as renting. Darryl recommends home sellers and buyers in Tulsa focus on the facts and make the choices which will make them happy.

If you are considering buying or selling a house in Tulsa, this is the perfect time! Traffic does slow down, inventory drops, and the actual number of sales goes down; however the market remains stable. This is because the home buyers who remain in the market through fall and winter are serious buyers. In addition, home buyers can get a great deal on a home because home sellers generally don’t want to hold on to their home through the winter. As a result, the absorption rates for the Tulsa metro area remain consistent through fall and winter.

The absorption rate is the percentage of homes going under contract from the listed inventory. It tells us of the number of homes available for sale and how quickly they are being sold. We’ve had a stable market in the Tulsa Metro area for 2015, 2016, and 2017. You might suspect that absorption rates would be huge for spring/summer and low for fall/winter, yet they remain fairly consistent throughout the year. In 2016, the absorption rates were 12% in September, 13% in October, and 13% in December. The absorption rate in March 2017 was about 14%. Although inventory and number of buyers drop in fall and winter, the buyers and sellers who remain are serious.

When selecting your real estate professional, don’t choose the first agent who shows up. Take the time to go through the interview process using Darryl’s FREE home seller report “20 Questions You Must Ask Your Next Realtor® Before You Sign on the Dotted Line.” Select an agent who will keep your best interests at heart.

If you’re thinking of buying or selling a house in the Tulsa metro area, reach out to Darryl Baskin. There’s no charge, or obligation, to meet and talk.

 

Featured Properties:

5101-5103 E 32nd St – Duplex in Tulsa $149,000 (recent price reduction). Recent updates.

7957 S 78th East Ave – Detached office with separate entry, 3 living areas, upstairs loft, bedroom, and theater room. Listed at $225,000

8954 W 51st Street – 9042 sq ft. Amazing house, ideal family home, spacious, high quality upgrades, but also comfortable. Circle drive, pond, and 8 car garage. Listed at $999,999

6708 S Atlanta Pl – 4BR, outside office, 2BR on main level, hardwood floors, great patio, circular drive. Listed at $297,000

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

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

 

 

Do Outlets in Your Tulsa Home Require a GFCI and Arc Fault?

Join in to hear more about GFCI’s, arc faults, and why you need them in your Tulsa home

A GFCI (Ground Fault Circuit Interrupter) is a fast-acting device which turns off electric power when it senses an imbalance in electrical flow. It protects people from getting shocked. The unit may be a circuit breaker, or more commonly, an outlet. The outlet features a test/reset button and may have a green light.

Modern outlets self-test and will inform you when something is wrong. If your Tulsa home was built in the late 80’s, all your outside outlets and inside bathroom outlets are on one circuit, controlled by one GFCI. If all your outlets stop working, check your circuit breaker for a tripped breaker. If you have a breaker in an older home, the panel has a white test button which is the GFCI breaker. Check it to ensure the GFCI breaker is set.

The GFCI breaker and outlet are both considered up to code; however the breaker is more expensive.

In addition to GFCI’s the NEC (National Electrical Code) is requiring the use of Arc Faults. An Arc Fault senses a short in the wiring and will turn off the electricity. It goes on each individual circuit in your panel and it’s a code requirement in new homes. Currently, every receptacle needs to be arc protected, except garages and outside outlets. However, it’s anticipated that these will soon be included as well.

The NEC doesn’t require that older homes be updated to include arc faults. However, if a change is made to a circuit, the new circuit must be up to code.  It may be tempting to skip this step, but it’s worth putting in the effort in now. When you decide to sell your house in Tulsa, everything must up to code and you’ll end up paying more to re-do the circuit if it’s not current. It will save you money to do it right the first time around.

For all your Tulsa electrical needs, contact Steve at Murray Electric at 918-835-9605 or www.murrayelectric.com

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