| Legal Issues in Real Estate |
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This show originally aired April 10, 2010.
The topics for this show include: David Keesling, Richardson, Richardson, Boudreaux discusses disclosure requirements for buyers and sellers and legal requirements of brokerage relationships; What's happening with Tulsa home values with appraiser Tom Allen; Pest Control in the Tulsa, Ok area with Duane Montgomery of Montgomery Exterminating.
What is Junior Achievement? The Tulsa Oklahoma Junior Acheivement program is one of the best in the US. Junior Achievement helps teach and show kids how to handle finances, work in businesses and the importance of economics in life. The Tulsa JA has Bixtown, which is a miniature town with businesses and stores. Kids that are a part of JA utilize Biztown and spend time actually working in the business, paying bills, buying supplies, etc. Volunteers spend 6 hours of their time to help kids have a better future. For more information, contact Junior Achievement.
What is happening with Home Values in Tulsa? The NAR take sold or closed sales and divide into # listings during the period. This helps show whether inventory was reducing or increasing. Median price of sold properties is up slightly. This prices means that this is where the most activity is. During March, there were 877 closings, which is excellent. This has been rising this year. The contracts written during March for the 7 county MSA shows a 6.7 month supply. Make sure your Realtor is watching these numbers and taking care of you appropriately. For an appraisal or questions, contact Tom Allen at 918-481-3500.
What requirements do sellers have to disclose about their property? Oklahoma has laws requiring sellers to disclose things on their property. The law has changed in the last 10 years. Some of those changes and problems people have had involves timing. There are many issues involved. People involved in the transaction will always find things after the fact of purchasing a home. This happens even when sellers are being honest. part of this is what bothers one person and what bothers another.
There is a statute about sex offenders. The Real Estate Agent does not have to disclose that a sex offender lives in the neighborhood. A seller doesn't unless the offender lives on the property. Drugs being made in a home are required to be disclosed because it can cause harm to the person living inside. There are way too many items to discuss. For more information or questions about disclosing things when you sell your Tulsa home, contact David Keesling of Richardson, Richardson, Boudreaux at 918-492-7674.
If you are concerned about sex offenders moving into your area and you are in a new or developing subdivision, contractors and developers can put a park into your neighborhood. Sex Offenders are not allowed to live within a certain distance of parks.
Brokerage Relationships in Real Estate? There are 2 kinds of relationships Single party brokers represent one side or the other but not both. Transactional can represent both or simply be kind of in the middle. If you have concerns about the legal issues of a real estate brokerage relationship, contact David at 918-492-7674.
How do I exterminate snakes? There are products that can be placed around your home to keep snakes away. The product is called Snake Away. This can help especially if you have kids or pets that a snake might bother or bite. For more information on exterminating snakes in Tulsa, OK, call 918-438-4885 or www.montgomeryexterminating.com.
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