Just Listed in Ingram Park Hill – 5804 N Sterling, Oklahoma City, OK 73122

Looking for a central location in a great area with something to keep everyone active? You found it! This home is tucked away just behind Dolese park where anyone can play on the baseball diamonds, fish in the lake or run around the track. Tons of updates and remodel done 2003. A few things remain for your personal touch. This home is perfect for entertaining with an open layout, huge living area finished with wood floors, Florida room on back and still plenty of back yard to spare. 4 spacious bedrooms, plus an additional living space perfect for a play room, office or game room. Large dining flows into kitchen where you will find newer appliances. Indoor utility room leads to an oversized 2 car garage with some built-ins for additional storage. Open house Sunday, July 31st 2-4pm. Make plans to see it & make it yours!

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Just Listed in Thornhill – 19504 Talavera, Edmond, OK 73012

You can tell this was a builder’s personal home because this home has everything! True 4 bed plus study, perfect layout for entertaining with a wide open floor plan. Elegant dome ceiling in entry, wood floors in all main areas, carpet only in bedrooms. Top of the line granite, light fixtures & appliances including gas cooktop. Distressed painted island and vent hood along with the metallic backsplash allow the kitchen to pop. Huge master suite with walk in shower, jetted tub, impressive closet and private door onto the back patio. Study also has a private door onto a front porch nook. Huge covered front and back porches, full guttering, vaulted ceilings in living, tray ceiling in dining. Massive laundry room and pantry for tons more storage! Your home will be the talk of the family holidays! Schedule your showing today!

Five pieces of priceless advice to 1st time home buyers!

1. Find out how much you can borrow

Many factors impact the amount of money that your bank is willing to lend you. This includes your income, down payment, credit score, outgoings and current debts along with many other variables.

This is one of the most crucial stages of the home buying process, so seek legitimate advice that allows you to plan appropriately. Realistically, you should do this before you start seriously looking at properties so that you know which homes to look at.

2. Do your research

Regardless of whether you are a first-time home buyer, getting an idea of what’s on the market is essential. Don’t always just look at a house’s face value; investigate what is going on in the surrounding areas, including future development plans, transport links, schools, crime rates and facilities.

The last thing you want to do is buy a house only to find out that an airport is being built next door.

3. Never underestimate the knowledge of mom and dad

The homebuying process was much different back when our parents bought their first home; however, you should never underestimate how knowledgeable they are on the general process.

Don’t be scared to ask for help, as they might have information and experience in handling issues that you might not have even considered. If you are lucky, they might be able to help you financially, so you should consult with them from the start.

4. Account for additional costs

It can be easy to forget the ancillary costs that come with buying a house, other than paying off your mortgage every month. Before you fully secure the property, consider the cost of taxes, valuation fees, agent fees, closing costs, HOA fees, etc.

In addition, take into consideration your other monthly outgoings such as utility bills, taxes, cable, insurance, and of course, the upfront cost of moving into and furnishing your home.

5. Don’t settle for the first property you see

There are very few people who manage to find a house that ticks all the boxes on the wish list, so make a list of the most important features that you aren’t willing to compromise on.

It can be tempting to move into a house that is already decorated and save yourself a few weeks of DIY. But it’s not worth it if you find out you will have to replace the whole central heating system three months down the line. Learn the difference between cosmetic issues and real ones.

Just Listed in Forest Oaks – 2028 Melody LN, Edmond, OK 73013

Looking for a corner lot with mature trees in Edmond schools? Here it is! This home is great for entertaining with a huge living room, vaulted ceilings, tons of natural light, a chef’s dream kitchen and single large dining area perfect for holidays. The kitchen was remodeled in 2013 with double ovens, gas cooktop, unique stained concrete counter tops with rough edges and stained concrete floors. Those floors extend into the dining and living areas which makes it easy for keeping clean. All bedrooms are good sizes with one secondary bedroom even boasting a huge walk in closet. Master suite is incredible, plenty of counter space and the Jacuzzi tub is to die for! Oversized laundry room with TONS of storage! Sprinkler system and additional storage in the garage. If you want to move the party outside, the back porch has a slab of concrete large enough for the grill, a large patio table and your guests. All of this 2 miles from I-35 or Broadway. Quick, easy access to anywhere in the city.

Great news for home sellers this Summer!

All major U.S. regions except the Midwest saw an uptick in existing-home sales last month, the National Association of REALTORS® reported Wednesday. As tight inventories continue to plague many markets, the median sales price for all housing types climbed to an all-time high of $239,700 in May — up 4.7 percent from a year earlier — as buyer demand outweighs housing supply.

Total existing-home sales, which are completed transactions for single-family homes, townhomes, condos, and co-ops, increased 1.8 percent month-over-month to a seasonally adjusted annual rate of 5.53 million in May. Sales are now up 4.5 percent from a year ago and are at the highest annual pace since February 2007. This is the third consecutive month for gains in existing-home sales.

“This spring’s sustained period of ultra-low mortgage rates has certainly been a worthy incentive to buy a home, but the primary driver in the increase in sales is more home owners realizing the equity they’ve accumulated in recent years and finally deciding to trade up or downsize,” says Lawrence Yun, NAR’s chief economist. “With first-time buyers still struggling to enter the market, repeat buyers using the proceeds from the sale of their previous home as their down payment are making up the bulk of home purchases right now.”

Yun says sales likely will maintain their current pace throughout the summer, assuming there are no further decreases in job growth that could prompt a pause among repeat buyers.

You need to buy a home this Summer! Read why!

1. Prices Will Continue to Rise

CoreLogic’s latest Home Price Index reports that home prices have appreciated by 5.9% over the last 12 months. The same report predicts that prices will continue to increase at a rate of 5.3% over the next year. The Home Price Expectation Survey polls a distinguished panel of over 100 economists, investment strategists, and housing market analysts. Their most recent report projects home values to appreciate by more than 3.2% a year for the next 5 years.

The bottom in home prices has come and gone. Home values will continue to appreciate for years. Waiting no longer makes sense.

2. Mortgage Interest Rates Are Projected to Increase 

Freddie Mac’s Primary Mortgage Market Survey shows that interest rates for a 30-year mortgage have remained around 4%. Most experts predict that they will begin to rise over the next 12 months. TheMortgage Bankers Association, Freddie Mac & the National Association of Realtors are in unison, projecting that rates will be up almost a full percentage point by this time next year.

An increase in rates will impact YOUR monthly mortgage payment. A year from now, your housing expense will increase if a mortgage is necessary to buy your next home. 

3. Either Way You are Paying a Mortgage

As a paper from the Joint Center for Housing Studies at Harvard University explains:

“Households must consume housing whether they own or rent. Not even accounting for more favorable tax treatment of owning, homeowners pay debt service to pay down their own principal while households that rent pay down the principal of a landlord plus a rate of return. That’s yet another reason owning often does—as Americans intuit—end up making more financial sense than renting.”

4. It’s Time to Move On with Your Life

The ‘cost’ of a home is determined by two major components: the price of the home and the current mortgage rate. It appears that both are on the rise.

But what if they weren’t? Would you wait?

Look at the actual reason you are buying and decide whether it is worth waiting. Whether you want to have a great place for your children to grow up, you want your family to be safer or you just want to have control over renovations, maybe now is the time to buy.

If the right thing for you and your family is to purchase a home this year, buying sooner rather than later could lead to substantial savings.