The Future of Real Estate- Tulsa Condo Insurance
Court Appointed Special Advocates– CASA is an organization that speaks for children that have been placed into state custody. These kids are generally taken out of their home because of allegations of abuse or neglect. They are placed in unfamiliar surroundings with people they don’t know. CASA volunteers are often the only stable person in the life of the child during this time. Volunteers gather information from everyone involved in the case and give it to the judge so that they can make the best decision for the life of the child. Training is free! Contact CASA at www.casa.org for more information on the CASA program.
Safari’s Exotic Animal Rescue– Safari’s takes in animals that are often pets. Many people purchase a wild animal for a family member and later realize it was not a good decision and must find a new home. Other times zoo’s that lose funding and must close must have a new home as well. They need volunteers and donations to keep the rescue going. Safari’s isn’t open to the public. For more information on Safari Zoo visit http://www.safarizoo.com/.
Tulsa Mortgage– Interest Rates are at almost record lows. You would have to go back to pre-1939 to find rates this low. If your interest rate is above 5% you should definitely consider refinancing. You could possibly even go from a 30 year note to a 15 year not and keep your payment the same while saving10+ years of payments. Lender fees are only $649 for any mortgage. The experts at TTCU The Credit Union can help you run your figures and payments and ask you questions to help you determine whether refinancing is a good choice for you. 918-749-8828 or www.ttcu.com.
For all your Tulsa real estate needs and questions, contact The Baskin Real Estate Specialists of eXp Realty at 918-732-9742 or 918-740-0077.
Tulsa Condo Insurance– There is a difference when insuring a condo versus home. A homeowners policy (stand alone home) uses an H03 policy a renters policy is an h04, and a condo policy is an h06 (combination of a homeowners policy and a renters policy- has shared walled and roof). With a condo policy the insurance coverage varies depending on the association guidelines and other factors. Sometimes things such as sheetrock, tile, cabinets, etc are not covered under insurance. With these types of policies you must know what the association documents say. Your insurance agent won’t always know all of this stuff. It may depend on the experience of the agent. Make sure you are knowledgeable on your own association rules and guidelines and what your insurance policy will cover. For Tulsa condo insurance contact Tedford Insurance at 918-299-2345 or www.tedfordinsurance.com.
Tulsa Homes For Sale
Home Guide Tulsa- One Address, Thousands of Homes
6196 West 77th Street South- $985,000- Acreage plus home
23405 South 289th West Avenue- $494,000- Bristow, Morton Barn, Victorian Home, Pool
7225 East 112th Place South- $375,000- Reserve at Woodcreek, 3586 Square Feet, Bixby Schools
2126 East 60th Place #4-M- $189,000- Great price, condition, size, one level, guard and gate.
The Future of Real Estate- Mortgage Rate Increase
Image courtesy of Master Isolated Images at FreeDigitalPhotos.net
Junior Achievement- 4:40
Tulsa Mortgage Rates- 32:50
Tulsa Insurance- 43:30
Junior Achievement- Junior Achievement is a great program that helps teach kids about the economics of life. Volunteers go into the classro0m and teach a preset curriculum but get to add their experience to it. Many kids don’t know about real estate, running a business, the stock market, managing credit cards, and much more. This can add a life altering experience to many kids lives. They can take this experience into their whole life and realizing the importance of many more things in life. Junior Achievement is the leading program teaching kids these economics of life. For more information on volunteering or being a part of the Junior Achievement program contact Junior Achievement Tulsa.
Tulsa Mortgage Rate Increase– When you purchase when rates are low, it can help you control your costs and can be a huge long term benefit. Imagine the savings over the 30 years of your loan. When purchasing a $200,000 home… a rate of 4% you would have a principle and interest payment of 954.83 If your mortgage rate increase is only 1% and increases to 5%, your payment goes to $1063.74. Over 7 years, that 1% interest rate would be over $7000 more and over 30 years it would be over $30,000 more. Another thing to consider is that at 4% you may qualify for a $200,000 home but at 5% you may only qualify for a $170,000 home. That could also mean you can’t be in the school district you want or the area you want. You may miss out on that special feature, such as a pool. Things are likely to change as the election process comes and goes and new officials are in office. For all your Tulsa area mortgage needs, contact TTCU The Credit Union at www.ttcu.com or 918-749-8828.
Tulsa Insurance– Insurance is for the sudden and unexpected. When you are buying your home and auto you begin to look at facts and history on the vehicle and home. It isn’t always easy to find out the history of these things. Sometimes this history can impact the insurability of your property. This can lead to the possibility of future problems with the home or with the likelihood of you filing unnecessary claims or having claims filed due to lack of due diligence on the homeowners part. For all your insurance needs contact Tedford Insurance at 918-299-2345 or www.tedfordinsurance.com.
Tulsa Homes for Sale
Home Guide Tulsa- One Address, Thousands of Homes
6301 East 105 St- $2,200,000- Over 10,ooo square feet of real luxury, pool, outdoor living
4507 Edgewood Street- $489,000- Sapulpa just a short distance from Creek Turnpike, 10 acres, much more
19307 East 105 Street South-$189,900- Broken Arrow, one level
32271 East 721 Terrace- $145,000- Wagoner, Walking distance to lake access, workshop, much more
5128 Redbud Place- $169,500- Sand Springs- enclosed sunroom
The Future of Real Estate- Cash Value and Tulsa Insurance Policies
Image courtesy of iosphere at FreeDigitalPhotos.net
Make-a Wish Foundation– The Make-a-Wish Foundation answers wishes for kids with life-threatening illnesses. Many kids want to go to Disney World, or meet a famous person. A volunteer for Make-a-Wish gets to help make a wish come true for a child going through a difficult illness. There is nothing like being able to see the smile on a face or a sparkle in the eyes of these kids. These wishes help give kids hope and help them forget for a short time that they are sick. These kids could have kidney failure, heart problems, Cystic Fibrosis, Cancer or many other illnesses. These wishes will also send the immediate family with the child. So a mom, dad, and sibling group of 3 would be sent on the wish. For information on how to donate or volunteer, contact oklahoma.wish.org.
Tulsa Insurance and Cash Value- Cash Value is when you take the value of your home minus deductible minus depreciation cost. Replacement Value doesn’t take into consideration depreciation. With Cash Value you will most likely pay 80% versus just paying the deductible for replacement value. Homeowners much determine whether it is worth the risk of paying less for insurance coverage but not having replacement value. Some homeowners will be able to cover the cost to replace the roof on their own, other may not. It is an individuation decision but an important. Also remember to get an estimate before you file a claim. It may be that the cost to replace is less or or close to your deductible cost. In this case, filing a claim may be pointless. Remember to read your policy, if it’s not included, it’s excluded! IT used to be that if your roof was 10 years old or younger insurance would pay for replacement value. Now it is often down to 7 years. At 7 years you will often get a notice that you roof is 7 years old and you have cash value on your policy for your roof.
Another thing to keep in mind is who you select to replace your roof! If you get bad workmanship or bad quality products, your insurance company may not give you a policy. The roofing company warranty may replace the product but won’t pay the labor costs. Cheap and poorly installed roofs can cause problems. Make sure that the company is reputable and does good quality work and that you purchase good products. Also, keep your receipts!! When purchasing a home, make sure you get a whole home inspection. The most common and popular inspections include the foundation, electrical, mechanical, plumbing, and roof inspections. Also a termite inspection is very popular. You can spend a fortune on inspections if you want to but remember to think about the risk and what you are willing to pay for later. For all your Tulsa and Oklahoma Insurance questions, contact Tedford Insurance at 918-299-2345 or www.tedfordinsurance.com.
How to Paint Over Wallpaper– It can be less expensive to seal wallpaper and paint over it. Removing wallpaper can damage the wall, add needed repairs, time and costs. You can seal the wallpaper first, cover over the seams and even texture to match current drywall, and then paint over it. We do this now because we seal the wall first with primer, then mud over the seams, and paint. When you remove wallpaper you often damage the walls and you can often see the marks after painting is done. This can be a much better and much better looking alternative. The new products are less toxic and is made just for wallpaper. It glues the wallpaper to the wall and prevents bubbles from appearing later. For all your painting needs, contact Jason Storey with Chucks Pro Painting at 918-955-6234 or www.cpropainting.com
4 Things Your Tulsa Realtor SHOULD BE Doing!
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There are so many rules in real estate. It can be near impossible to know whether your Tulsa Realtor is doing what they should and not doing what they shouldn’t. Darryl Baskin of eXp Realty gives us 4 things that your Tulsa Realtor should be doing.
1. Give Feedback- Giving feedback is not a legal requirement but is certainly considered a professional courtesy. Think about it this way… you are selling your home. You have taken the time to prepare it accordingly. Agent Smith asks to show your home to his clients. You quickly get your house straightened, pick up kids toys, and rush the kids out the door during nap time. You stay gone for a while to allow time for the agent to show your home. Imagine if the agent didn’t give feedback. As a seller, you likely want to know what the buyers thought. Is it priced appropriately? Were there features that were undesirable? What did they like about my home? Everyone’s situation is different but feedback is a professional courtesy that helps the seller and their agent to know what current buyers are thinking. In addition, it is simply a great way for the Realtor to show they appreciate the seller their appreciation for opening their home.
2. Give Proper Disclosure- There are many situations where a Realtor should be disclosing certain information within a real estate transaction. Here are some basics to remember. Any time the Realtor has an interest in the transaction, is related to the buyer or seller, or is purchasing the property for themselves, they should be disclosing that they are a Realtor, not only up front, but also ensure it is stated in the contract.
3. Working “For’ Their Client- It is a definite no-no to sell out a client. If you have signed a contract to work with a Tulsa Realtor, they should be working to get you the best price that they can. If they are telling prospective buyers that “my clients are going through a divorce and will take any offer”, without your permission, they are not working to get you the highest price. Think again before working with this type of Realtor.
4. Show Pre-Qualified and Pre-Approved Buyers– It is not a requirement to show only those buyers that have been pre-qualified or pre-approved but it will definitely help prevent wasted time and wasted offers. The best situation is to have pre-approved buyers looking at your home. This means that the Tulsa mortgage company has sent the buyers information and paperwork to underwriting and has approved a loan before a buyer finds a house. There are many cases where a contract has fallen through because the mortgage was not approved. Keep this in mind as well, a pre-qualification can help, but it is only as good as the information provided by the buyer. The information provided in a pre-qualification has not been verified and could be incorrect. A pre-qualification is only good if the mortgage company will back up the pre-qualification provided.
For all your Tulsa area real estate questions and needs, contact The Baskin Real Estate Specialists of eXp Realty at 918-732-9732, 918-740-0077 or www.darrylbaskin.com.
The Future of Real Estate- Is The Housing Market Is Cooling Off
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Court Appointed Special Advocates- 12:56
Is the Housing Market Cooling Off? with TTCU The Credit Union- 21:42
Preventable Insurance Claims with Tedford Insurance- 36:21
Discernment in Real Estate with Darryl Baskin- 51:18
Court Appointed Special Advocates are volunteers who speak for neglected and abused children in court. Kids are taken away and placed in state custody due to allegations of neglect or abuse. Judges have a tremendous amount of data to go through. They must speak with attorneys caseworkers, parents and so many more people. Volunteers are trained and become an official of the court. A judge can appoint a CASA volunteer to work with the children, parents, caseworkers, doctors, attorneys, foster parents and those involved in the case. They are able to give pertinent information to the judge so that the judge can make a decision in the best interest of the child. Find out more at www.tulsacasa.org.
Is The Housing Market Cooling Off- It looks like the national real estate market is cooling off. At TTCU The Credit Union our business has actually increased. Rates are good and the Tulsa market is doing well. We’ve had many people doing an 80/20 loan where you have an 80% first mortgage and a 20% second mortgage (2nd mortgage is a 15 year loan versus 30 year) which enables homeowners to: obtain 100% financing, avoids Private Mortgage Insurance and keeps the payments close to what a regular mortgage would be. Many people don’t use this 80/20 product because they don’t often know about it. The benefit of this product is that, even though your payment is similar to a regular loan (where you are paying Mortgage Insurance and have a high funding fee), you are able to pay off your mortgage faster because all your payment is going toward your loan versus private mortgage insurance and fees. Make sure the mortgage company works with you, has access to all products, and will help you find what is best for you. For Tulsa area mortgage needs, contact TTCU The Credit Union at 918-749-8828 or www.ttcu.com
Top 3 Preventable Homeowners Insurance Claims– These are claims that you can prevent with a little maintenance and common sense. If you have a rash of claims against your homeowners insurance you could end of being cancelled. Insurance Companies look at what these claims could say about the future and the likelihood of future claims.
1. Water Leaks- These are often from the roof, appliances, or bathroom fixtures. Water leaks not only need to be repaired but can end up causing mold. These can cause expensive claims. If the claim is small, it might be best to pay for it yourself because insurance companies don’t like water claims. Too many claims, especially water claims, can create other problems and possibly cancellation or increase cost of your policy.
2. Fires- Mostly these are caused by a dirty chimney, frayed or damaged electrical cords that cause fires, unattended stoves or candles. Use common sense to help prevent fires.
3. Theft- Often caused by theft of a garage door opener. They can get into your home with your own opener.
**A Clue Report is a national clearinghouse of claims. Any insurance company can pull this report on your property to check for fraud or for the number of claims on your property.
For all your Tulsa area insurance needs, contact Tedford Insurance at 918-299-2345 or www.tedfordinsurance.com.
The Importance of Discernment in Real Estate– I often have people call my office and say they found a house and want to purchase it. As Real Estate Agents we have to follow certain rules. In the above situation, if an agent showed the house to the home buyers, that agent may have a right to the commission on that sale. Even if you don’t like the agent, it may be too late. The time to find an agent is early in your real estate shopping or before you shop at all. Find someone you trust, will be honest with you, relates at your level, and has the experience to give you the right advice. When you trust an agent, you will feel more confident in your decisions. What should you make your primary concern? It isn’t seeing open houses. That can be fun but make sure you find the right Realtor. Someone is going to get the commission. Who do you want to get that commission? Someone who causes drama in the transaction or someone who is working for you, makes you feel comfortable and gets the job done? Use your discernment when selecting your agent. What do others say about them? Did things go smoothly? If things didn’t go smoothly, was it your agents fault? Did they help you through the difficulties? It isn’t always about the number of ads run or that they will list your home at the highest price. The price of the home needs to be at the right place or your home won’t sell. Hiring a Realtor to sell your home is important because you aren’t hiring them for the sign or the ad. You are hiring them to get you to the closing table. For all your Tulsa real estate questions contact Darryl Baskin at 918-732-9732 or www.darrylbaskin.com.
Tulsa Real Estate For Sale
Home Guide Tulsa– One Address Thousands of Homes
Baskin Commercial- Commercial Real Estate
2441 East 31 Street-$649,000- over 5000 square feet, pool house, basement,
The Legends at 108th and Mingo- $569,000
4304 East 185th- $375,000, acreage, pond
8409 South Elder Ave- $169,900, Broken Arrow schools
Destiny Lane- 5 Acre Land/Lots in Skiatook- $55,000 and $75,000