Should You Consider Purchasing a Home in Surrounding Tulsa Cities?

Darryl talks with eXp Realtor® Jackie Stokes about Dewey and Bartlesville – two cities outside of Tulsa.

When house hunting, it’s important to think about your commute to work. Unless you work from home, or work only 2-3 days a week, it’s a pretty important factor to consider. However, it’s not only important to look at the mileage, but also the time it takes to travel. There are some areas in Tulsa where it takes a good amount of time to drive a few miles. It may take you the same amount of time traveling from Bartlesville to Tulsa as it does from a house that’s within Tulsa boundaries.

Bartlesville and Dewey are two cities outside of Tulsa that could prove to be a viable option for you. Bartlesville is about 15 miles North of Tulsa and 30 miles South of the Kansas line. If you’re working on the North side of Tulsa, your commute would be about 45 minutes. This isn’t too long of a commute, and Highway 75 is less congested.

What do these towns have to offer? Bartlesville and Dewey have more house to offer for the same amount of money that you’re looking to spend in Tulsa. There are beautiful homes available right on the lake. You’ll notice gas and groceries are cheaper. There’s also less crime, pollution, and traffic. The roads are always cleared during winter, so you don’t have to worry about not being able to get to work.

These are small towns that operate at a slower pace, which means shorter wait times at the movies, and restaurants. You’ll get to know the people in the community, allowing you to feel a greater connection. Running into people you know makes for a fun, social environment. There’s also a 12-mile trail that winds through the city of Bartlesville for you to enjoy.

Jackie Stokes is a real estate agent that’s grown up in Dewey and has commuted to work in North Tulsa. Over the years the cities have seen growth, and there are a lot of new businesses in the area. If you’d like to discuss more about the real estate market in Bartlesville and Dewey, you can call/text Jackie Stokes at 918-337-9293, or email her at stokesjrealty@gmail.com.

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

Enjoy an Efficient & Easy Closing on Your New Tulsa, OK Home

Darryl and Dan Newberry of TTCU discuss the closing process for home buyers and how it can be made more efficient

As a Tulsa, OK Homebuyer, once you get to the point of an accepted offer and it’s time to get your mortgage documents in hand, you’re faced with the stress of the closing process. With the current Oklahoma state rules for real estate, home closings are supposed to be done within 3 days of an accepted offer. Home buyers around Green Country need to be ready to go with an approved mortgage to help ensure this time-frame can be met. But there’s another key component in the closing process, the title company which is responsible for the final review and recording of all the legal documentation related to a real estate sale, be it in Tulsa, Broken Arrow, Sand Springs or any other community in the area.

As we know from our previous discussions with Dan Newberry of TTCU, choosing the right title company is as important as choosing the right lender. For members of TTCU, there’s an amazing benefit for home buyers. Integrity Title is a wholly-owned subsidiary of TTCU Federal Credit Union. This equates in additional discounts and rates for TTCU members to help lower closing costs overall.

In addition to paying less, when TTCU ad Integrity Title work on a mortgage loan together for a Tulsa home buyer, the process is much more efficient, allowing for more ease in meeting the 3-day requirement. Being under the same ownership umbrella allows for easier communication and more seamless processes between the two companies and the tasks they handle for real estate transactions. Because these are also both local, community-based resources, you as a home buyer get the advantage of having access to personal, one-on-one help whenever you need it.

If you’re planning to buy a home anywhere around Tulsa’s Green Country region, consider working with a local funding institution and title company, as a Realtor®, this is my standard recommendation for my clients; this is one way to make their life less stressful as they prepare to move. Visit www.ttcu.com  and www.integritytitleandclosing.com to learn more about what these companies have to offer you as a Tulsa home buyer.

 

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

 

Featured Properties:

1554 S Yorktown Pl. NEW LISTING– $619,000, 5.700 SqFt. Historic Home with many original architectural features throughout.

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. Flexible floor plan, 2 laundry rooms, 2 master bedrooms, library/game room/office- Full suite option on upper level.

752 Knobb Hill Dr- Sand Springs- New Listing! $170,000, Split-level, 4-bedrooms, 3-full baths, 3 acres with a lakeside view, wrap around bac porch, storm cellar.

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

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

 

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

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

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