The Future of Real Estate Discusses Tulsa Historic Homes


 

What is the Oklahoma Abstractors Board? The Oklahoma Abstractors Board is made up of 9 members- 6 are employees or holders of a certificate of authority (the certificate allows the company to be an abstractor of the county).  That means that 6 know the abstracting business, 1 must be a licensed real estate broker for 5 years prior to being a member, 1 must be an attorney licensed to practice in Oklahoma for at least 5 year prior to being a member, and 1 an officer of a bank in Oklahoma. Prior to 2008 the Governor designated the board, however now, each July the members come up for reappointment.  The board can change each year and are not reappointed or confirmed by the Senate.  They receive no compensation for this job.  Abstractors gather the information that has been filed on record for your property.  The title side of business examines the abstract and determines what requirements must be taken care of in order to transfer title of the properly.   The abstract process is the first part of the process but there are other things are going on at the same time.

What is a Quiet Title Suit?  When you have two parties and they aren’t agreeing on who owns the property or what is going on it goes to a quiet title suit.  They will each be able to speak to an attorney  and give evidence to prove that they own the property.  It will go before a judicial review to determine who owns the property. Even though people think that Oklahoma has more of these problems because we are an abstract state, others have problems just like this as well.

In order to help prevent problems with the title, make sure you purchase owners title insurance.  You can also go to the county clerk to verify that the release was filed with them after your closing occurs. For all your Tulsa area Abstracting needs contact Guaranty Abstract at 918-587-6621 or www.guarantyabstract.com.

 

Tulsa Real Estate and Historic Homes- Handling Older Wiring-  When purchasing a historic or older Tulsa home, there can be many concerns with older electrical wiring.  Anything built before around 1954-1955 could have wiring and electrical issues that could be problematic.  With knob and tube wiring the wires were run open with porcelain knobs to keep wires from touching the wood.  It was actually a pretty safe method but can sound terrifying to us today.  The two wires that were used, if they come in contact would cause sparks and arching.  With knob and tube, one side of the stud would be the hot side and the other would be the cold side. So,  until they went into the box, they couldn’t come in contact.  Years later, we came up with different wiring for the convenience and cost savings.  Knob and tube by itself is safe, as long as it is fused correctly.  The problem occurs when you have knob and tube and add other electrical outlets.  Cloth wiring was used in knob and tube wiring.  If cloth wiring is in a temperature and humidity controlled environment, it can be pretty safe.  Remember, you need to have someone that knows what they are doing to come tie into older wiring and make additions or repairs. If you need to update your wiring, try doing it circuit by circuit or room by room. Rewiring and entire house is quite costly.

As a Tulsa home buyer, what do I do if this comes up in an inspection report?  If you like the house, have a licensed Tulsa electrician, experienced in knob and tube wiring, come and inspect it.  Realize that inspectors are not experts at everything.  They have a good general working knowledge of the systems in your home that the Oklahoma Construction Industries Board requires.  When something occurs in the inspection, talk to an expert in that particular field.  Don’t just take what the inspector says as the final story.  Call professionals in the related area to inspect that area and give you recommendations.  For all your Tulsa electrical repairs, contact Murray Electric at 918-835-9605 or www.murrayelectric.com.  For more information on historic homes in Tulsa visit homeguidetulsa.com.

 

Tulsa Area Real Estate For Sale

Tulsa MLS- One Address, Thousands of Homes- Home Guide Tulsa

E 171st Street Bixby- $1,120,000- Corner of 171st and Mingo, 35 acres

6428 S 87th East Avenue Tulsa- $165,000- 4 bedrooms, 2 full 1 half bathrooms

10653 S 68th East Avenue Tulsa-$410,000- 1/2 acre lot,  mature trees, 4 bedrooms, 3 full 1 half bathrooms

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