Junior Achievement– JA works with kids to teach them the economics of life. They learn how businesses work, how to read a utility meter and pay the bill, how to balance a checkbook, how to perform an interview and how to interview, how the government runs, how the stock market works, and so much more. JA volunteers teach a pre-written curriculum but are able to bring real world experience along with that curriculum. For more information on Junior Achievement and how you can be a part, contact Junior Achievement at jaok.org.
Frequently Asked Question from Tulsa Home Buyers-
What is the most frustrating part of a home search?– Everyone’s process is different, however, it is very frustrating when you find a Tulsa home and go to purchase and there is another offer already made.
What helps you feel comfortable with making such a quick decision?– For one buyer, after multiple homes were lost to him in the contract and offer stage, several things helped make him comfortable making the quick decision on a home. One thing was having a realtor that he knew he trusted. Another was that he also had to think through the emotional part of the decision and use his own logic to help with the decision. Third, sometimes you need to ask yourself- Would I rather buy this house or buy the one down the street but have to negotiate?
How does the Tulsa market affect my purchase? Every market is different and every price range and area of Tulsa real estate is different. One price range and area may sell so quickly that you lose multiple homes while you are thinking about whether you want to write an offer. In other price ranges and areas the homes may sit on the market for a very long time. When you are buying you need good information and data and need to make a decision in the process that you will be happy with.
What is the first step I take when I want to buy a home? Start with a relationship and the people you trust. If you have a relationship with a lender or real estate agent and you trust them, start there. Talk to someone who will listen to your circumstances and be able to direct you to the right person. You can also talk to more than one agent or lender and determine from there which one you trust.
What documents do I need?– If you talk with your realtor and lender together they can work together to get a pre-approval letter. Sometimes one will have information that will impact the situation. Go with a mortgage company that will give a good impression to the seller and will have a pre-qualification letter that is reliable. You will need to have tax paperwork, pay-stubs, bank statements and more documents when going to get your mortgage. Ask your lender for a list to ensure you will have everything available you need.
In addition to the mortgage payment what other costs will there be? Tulsa buyers will pay fees that the lender approves- credit reporting fee, survey cost, abstracting fee and other fees. You could be looking at $5500 in fees. More than that and you are possibly getting more expense but may not be getting better service. There are also some who charge much less but you may risk less service and have more problems. You may also have inspections done and those are up to you as the buyer to pay for and choose which you want.
Which inspections should I have done?- The home inspections most recommended are EMP (electrical mechanical plumbing), Structural, and Termite inspections. There are many types of inspections. Depending on your home, its history and location you may want more or less inspections than the EMP, Structural and Termite inspections. Structural inspections can be important because the cost to have piers installed or repairs done can be very costly.
How much should you put down on the home? When considering this, remember that each type of loan has different requirements. One thing to consider is Private Mortgage Insurance and Mortgage Insurance Premium. Mortgage insurance can be a bit confusing and sometimes mortgage insurance can be required. When you are putting money down on a loan, ask your lender what the requirements are for the loan you are seeking. Ask if mortgage insurance will be required with a smaller deposit. Ask what the cost for mortgage insurance will be.
For all your Tulsa Real Estate needs and questions, contact Darryl Baskin of The Baskin Real Estate Specialists of eXp Realty at 918-732-9732 or www.darrylbaskin.com.
Tulsa Abstract-What is the Deal with Surveys?– There is a Mortgage Inspection Platt which is a report that shows any easement or building line that could encroach. It is really more for the lender so that they know what they are getting into. It is not a stake and pin survey. It is not a full survey. This allows the lender to get title coverage. The survey is important to make sure that there is nothing that is affecting the property that will come up in the future, such as something on the neighbors property line. An ALTA survey is a survey that goes by the guidelines set forth by the American Land Title Association. For questions and needs regarding Tulsa Abstracts, contact Guaranty Abstract at 918-587-6621 or www.guarantyabstract.com.
One Address, Thousands of Homes- Home Guide Tulsa
3909 Battle Creek Drive- $400,000- Gated community, side entry garage, therapeutic whirlpool tub, lots of extra features.
10653 South 68 East Avenue- $410,000- Forest Trails, large treed lot, palatial master bath, circle drive, side entry three car garage.