Junior Achievement in Tulsa OK: The Bridge to Positive Life Experiences

Special Guest Erica Irvine, joined Darryl in our latest show to highlight the positive impacts which JA brings to our community

We’ve shared information about the Tulsa, OK chapter of Junior Achievement (JA) on The Future of Real Estate before, and they are worth mentioning again. Our special guest this week, Erica Irvine of JA helped shed some light on the social and economic impacts this amazing organization brings to our community.

The focus for JA is under-privileged students. Their various programs are designed to help kids starting as young as kindergarten, on up through high school, gain beneficial knowledge and experiences which can help them chart a fulfilling course into adulthood. By starting at a young age with the basics of understanding money, how it works and why we need it, JA volunteers foster a direct connection with community adults outside their realm of school and family.

Older students are given life-experience opportunities to put their own knowledge to work and guide them towards future career possibilities which can be achieved by anyone, provided they have a bit of support and solid education. Throughout their school career, Tulsa students also receive positive, real-life teaching which reinforces what our school curriculum aims to provide, a win-win for all students regardless of their background.

The overriding impact of Junior Achievement in Tulsa can be felt community-wide and will continue to have far reaching results as students grow. JA is the bridge between connecting the business world with our schools, and helping kids understand there is a reason education is important. JA also encourages business and companies to volunteer their time, creating a sense of personal accomplishment which can increase the overall morale within a company through their support of such an incredible program, and by providing their employees with a real opportunity to make a difference.

The students who experience programs such as JA BizTown are given the opportunity to understand what it’s like to earn an income in their own right, finding a stronger sense of self-worth where before there may have been none. Many of our kids are lacking personal positive role models to help guide them towards positive life choices, through JA, not only are these role models making a difference, they are also showing these kids what really is possible when it comes to creating a life they can be proud of.

Listen to the full discussion in detail on our March 24th Future of Real Estate episode and discover more about how Junior Achievement has a positive impact in our Tulsa OK Communities. You can also 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

 

Are You an Earnest Tulsa, OK Home Buyer?

A quick review of house a serious home buyer can prove their interest, with an earnest payment.

As a Tulsa home buyer, if you’re serious about a property you’ve found, you have a valuable tool at your disposal which can help get your offer accepted. I’m talking about an earnest payment. This is, in essence, is a deposit towards a home, and then some; an earnest payment shows how serious you are about purchasing a specific home.

Do you earnestly want the house you’ve made an offer on? Or are you just considering it in case there’s a possible bidding war? Would you mind walking away from $500 if a better house came along? Or is this the home you’ve been dreaming of in the Tulsa or Broken Arrow real estate market? You can show just how earnest you are in your offer with significant earnest payment; and the good news is, provided you do follow through and buy the home, it won’t cost you any extra.

With an earnest payment, a seller receives a measure of assurance that you will not simply change your mind and walk away. They’re taking a risk of losing potential money and time when they have their listing off-market once an offer is made. If a buyer isn’t serious and no earnest payment is made, these losses can add up for a home seller. With a sizable earnest payment included from a home buyer, a home seller is more likely to accept an offer knowing there’s a measure of protection for them.

As a home buyer an earnest payment can also protect you. These payments are made to go towards the final purchase price. If a home seller doesn’t follow through on their part of the offer agreement, you can recall your earnest payment and walk away. This type of situation is contingent on specific criteria not being met; which leads towards the importance of educating yourself in the residential real estate process and working with a Realtor® whom you trust to guide you throughout.

When you’re ready to start the conversation about your needs as a Tulsa home buyer or seller, our goal isn’t just to show you how much we know, but to ensure you know how much we care. Real estate around the Tulsa region including Bixby, Broken Arrow, Collinsville and Glenpool areas is in demand. As a home buyer or seller, you deserve the support of a local, experienced real estate team.  For real estate questions, contact The Baskin Real Estate Specialists of eXp Realty at 918-732-9732 or darrylbaskin.com

 

Featured Properties

 4706 S. 178th East Ave. Tulsa. $259,000, 5-bedroom with a full suite on upper level, 3-car garage, 3,000 Square feet, Broken Arrow school district.

2748 E. Admiral Blvd. Reduced Price $104,500. 4-bedroom, 2-bath. Value-priced property. Older home with remodeled interior, hardwood floors, and pass through garage.

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

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

Oil Patch Entrepreneurs are Good for the Tulsa Economy

Darryl and Don Burdock discuss how Tulsa’s local economy is turning around with the growth of Oil Patch Entrepreneurs.

 Over recent years Tulsa has seen a lot of changes in the local economy. Not long ago we saw the departure of public utilities such as SM Energy and Newfield. While this may feel like cause for concern with such big companies leaving the area, the Tulsa economy is holding strong, and even seeing some incredible growth. This is great news for Tulsa homeowners, and anyone looking to sell or buy property here. You may wonder how is it that our economy has held out; one reason is the strong growth of Oil Patch Entrepreneurs, small, locally owned oil companies such as the one owned by Don Burdock, Oliphant Oil.

These smaller companies have had a big impact on the Tulsa economy. With over 40 companies in our region alone, each with 10-25 employees and managing between $150-$700 million budgets, these innovative businesses are helping to drive our community toward the future. This is a $12 billion industry being run by Tulsans, not out-of-state corporations, but local community members.

The success of the Oil Patch Entrepreneur is reflected in the Tulsa real estate market as well. At a grass-roots level, one would expect to see a decrease in housing values and an exodus away from the area as big energy companies move out. We are past the time of losses in the Tulsa economy. We aren’t sitting with empty homes on the market for months at a time. Average sale prices are up, and homes are moving fast in Tulsa and Broken Arrow neighborhoods, for example.

With the rise in Oil Patch Entrepreneur companies, concerns have been raised over the impact of drilling practices such as fracking, or hydraulic fracturing, in particular, the increased seismic activity the Tulsa region has experienced over recent years. Don shared his insight and expertise on the subject to help clarify just what fracking is, and what’s really been causing many of our tremors, as well as the solution to limit them once again.

Fracking is the term used for pushing large amounts of water and sand into drilling holes in the attempt to crack rock 100 feet above and below the drilling holes, with the goal of releasing oil held within the deep earth–on average 2 miles deep as Don explained. The increase in earthquake activity is not due to fracking itself, but rather has come from the need to return expelled water from drill holes, which is too toxic to use, back into the earth where it came from. Unfortunately, some of the return tracks made were near fault lines. The pressure generated by the returning water triggered seismic activity.

Now that this has been confirmed, the solution is quite simple–find different tracts of land from which to return the water, away from faults. Since this began, seismic activity has significantly decreased. The key to the success of this situation rested upon the team work of our local oil companies and regulatory agencies seeking better ways to deal with the processes, without severely damaging the place we call home.

The above situation is an excellent example of how the Oil Patch Entrepreneurs are working in support of Tulsa’s economy and community at large. If you’re thinking of buyer or selling, now is a great time to be in Tulsa.

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

 

A New Irish Fest for Downtown Tulsa

Special Guest Don Burdock of Oliphant Oil has a special, new family friendly event to tell us about.

It’s March and for many across the country, it’s time for a St. Patrick’s Day celebration. While Tulsa has held celebrations in the past, it’s been many years since we’ve had an Irish Festival; the closest one to us has been in Kansas City. That’s about to change with the inaugural Tulsa Irish Festival, happening on Saturday, March 17th. Don Burdock and the Oklahoma Oil Patch, have partnered with 36 local Tulsa companies to bring our community a free, family-friendly celebration centered around Irish inspired music.

We all know Bluegrass music. But have you heard of Celtgrass music? You can discover this intriguing blend of Celtic sounds and Bluegrass, which brings a whole new experience to music, at the Tulsa Irish Festival. From Noon to 9 at Guthrie Green in downtown Tulsa, there will be live performances of local Celtgrass bands and other high-energy music to tap your toes to and enjoy the day when everyone’s Irish.

Not only will there be Irish music, but food and drink as well, and kids’ activities such as face painting too. The entire family is welcome; a wonderful way to celebrate together. Learn more including the bands that are lined up to perform at the Tulsa Irish Fest Facebook page. The hope is this new festival will be a success, so it can return next year and the year after that.

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

Who Pays for Electrical Repairs Outside Your Home? PSO or You?

Our discussion with Steve from Murray Electric will enlighten you as to who is responsible for external electrical repairs on your property.

When it comes to interior electrical issues, you, the homeowner, are responsible for the cost of repair. But what about external damages? What does our regional electric provider, PSO cover in terms of cost and time to repair? While exterior issues are not too common, they happen often enough that it pays to know who has to pay before something happens, if for no other reason than to lessen the shock.

Examples of owner-responsible issues include damages to electrical poles attached to your home and issues with the meter socket, where your meter is “plugged-in” to your house. PSO is responsible for electrical lines outside your home, meter cans, and service masts, where the wires are in place above your house.

For condo owners, it’s a bit different as the HOA managing the property is a third party responsible for some repair costs. For any damages inside the building, the owner will be responsible. To really know what your HOA covers in terms of electrical repair cost, its best to check your HOA rules.

Ultimately, it’s best to be prepared and understand how your wallet could be impacted by storm damages or other electrical issues, you may think you don’t have to cover. One way to do this is have 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, and you’ll find the electrical help you need, whether it’s information, advice or a service call. 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.

Featured Properties

7365 E 112th St, Bixby – $439,000, 4,898 SQ Ft. 6 bedrooms, 2 of which are full bedroom suites on the lower level. Priced well and ready to sell.

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

Ask the Right Questions, Find the Right Realtor® & Best Funding Solutions

Darryl reviews the importance of asking the right questions to find the best Realtor® for you.

How do you find the right Realtor for you? How do you know a real estate professional really knows what they are doing? You can’t rely on a great headshot or fancy car to confirm the success of a real estate agent.

You can however, rely on yourself to interview multiple candidates, and ask the right questions. When you ask specific questions, which are designed to trigger insightful dialogue, you can make your decision of whom to hire with confidence.

There’s plenty of real estate opportunities for everyone around here. Getting a license is the easy part, gaining knowledge, insight and experience which can help clients with their home dreams and needs, takes much more. My team and I are aiming to raise the bar of professional, compassionate service within the real estate market, so everyone can benefit. This is best achieved through consumer education.

One example to ask: “How do your average selling prices compare to actual selling prices?” You need not, and probably won’t find a Realtor® where these two figures match up 100%. Instead, this question can lead to an open discussion with honest candor as to why there maybe a range of actual selling prices lower or higher than what was listed. This question gives agents a chance to show their integrity through open and honest conversation.

Arming yourself with good information which can make an impactful difference will help you be happy with your home buying or selling experience. Discover what are the right questions to ask by downloading my FREE home seller report 20 Questions You Must Ask Your Next Realtor® Before You Sign on the Dotted Line for a complete list of questions to ask your real estate agent before listing your home for sale.

 

Darryl and Dan Newberry of TTCU discuss Interest Rates, how they can impact homebuyers.

Interest rates for mortgages have been in fluctuation, especially with the latest tax reform laws passed and bond market ups and downs. These things and other economic influences impact the rise and fall of interest rates, sometimes from one day to the next. A higher interest rate means a higher mortgage payment. Once you have locked in your interest rate with your mortgage lender, you will know how much interest will be included in your monthly home payment. But this can’t happen until you go to your funding source with a home you’ve made an offer on.

How can you prepare and plan for an affordable payment without knowing what the interest rate will be prior to getting a loan for your new home? Applying different financial solutions to your monthly expenses can make a big difference. The folks at TTCU for example, can run a Credit Expense Analysis and review where you may be able to consolidate or refinance debt to lower your primary expense budget. If you’re paying less out of pocket when you find the home you want, chances are you’ll be better able to absorb a higher mortgage payment if interest rates have gone up.

The key is to watch the market regularly and know how interest rates are changing so you won’t be surprised. Keep ongoing communication with your lending institution. A good financial plan can help ensure you have peace of mind when you move into your new home. 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