In today’s world, most of us tend to look at our homes as our main investment, or the source of our retirement income, which is a far cry from how people viewed home-ownership just a few short decades ago. In fact, I’ve heard estimates that 70% of Americans’ net worth is derived from their homes’ […]
How to Get the 2009 First-Time Home Buyer Tax Credit
July 23, 2009 by
These days we do a lot of talking about the Federal Home Buyer’s Tax Credit, mostly because the clock is ticking and, believe me, this is NOT a time to procrastinate! One of the questions I’ve heard a lot lately is ‘How do I get the tax credit?’ While the answer is really pretty simple, […]
Home Pricing is Easy, Right?
July 21, 2009 by
Over the weekend, one of my favorite clients emailed me a list of homes that Zillow had listed as recent sales in their neighborhood, so I researched each property individually via Oklahoma County records. See the email in full below, and you’ll see my replies to each section in Red: On Mon, Jul 20, 2009 […]
OKC Home Buyers Update
July 16, 2009 by
I’ve been saying it for a while, and the proof’s in the pudding… June was a HUGE month in Oklahoma City metro real estate. Believe it or not, we closed more homes June of 2009 than we did in June of 2008, and the median home price is even with last year, in a time […]
Building a New Home? Preparation is Key!
June 28, 2009 by
New home construction is something I’ve been around for a while and I’ve had the pleasure of helping lots of people build their new homes over the past several years. It’s one of the areas I specialize in, allowing me to provide some guidance where others may get lost. Along that vein, two friends and […]
Home Buyer Tax Credit Qualifications
June 17, 2009 by
We get a lot of questions about who does and doesn’t qualify for the Home Buyer Tax Credit, so why not put it out here for everyone to find? While there’s a lot of talk about Congress making some modifications in the future, this is a thorough resource for information about the Tax Credit as […]
Mortgage Rates Reach 7-Month High – Are You Gambling With Your Buying Power?
June 16, 2009 by
About 2 months ago, we started warning our clients that rates were at an all-time low and wouldn’t stay that way much longer. From that advice, we got two very different types of reactions: Some buyers acted quickly on that advice and took advantage of rates in the mid 4% to lower 5% range. Other […]
Don't Let Time Run Out On You!
June 13, 2009 by
If you’re a Home Buyer planning to take advantage of the Home Buyer Tax Credit, it’s time to kick things into high gear! As you may or may not know, one of the requirements to qualify for the $8,000 tax credit as it stands right now is to close on your home no later than […]
Rates Won't Stay Low Forever
May 27, 2009 by
…I’ve been warning for quite some time, and today’s little rate spike probably opened a few eyes. If you’re thinking of buying a home, and you’ve been trying to time the market hoping that rates will drop another 1/8 point, it’s probably not worth the risk. If you’re asking ‘what caused rates to jump up,’ […]
When Economic Recovery Comes, Home Prices Will…
May 20, 2009 by
The question of when economic recovery will come can be debated all day long, and I may be more optimistic than others, as there are still credit struggles aplenty; and it’s not only the end consumer that’s facing tougher credit guidelines. However, I believe those same credit struggles that are making things tougher will make […]
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