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Wednesday, 02 June 2010
In order to get the highest price in the shortest time, you need to know how to market your home. The better you market your home, the more offers you will get. And the more offers you get, the more choices you have to get the price and terms you want.
The most important factor of marketing your home is pricing it right. Your price should be adjusted to reflect the market, and the property's worth. The key is to get many people checking out your property at a fair price instead of having no buyers because your price is set too high.
Another important factor is the condition of your home. Make sure that your home looks ready to be sold. Fix any defects (peeling or faded paint, cracks, stains, etc.) Condition alone can sometimes prompt fast buying decisions. Not only should you fix any defects, but consider upgrading your home by making major repairs and cosmetic improvements before selling. A nice looking home triggers the emotional response that can lead to a financial response.
Learn how to negotiate the best terms for all parties involved. Terms are another factor which may be adjusted to attract buyers. If you insist on getting your asking price, think of what you can offer to the buyers, for example, improvements you've made, or even offering seller financing at a lower than market interest rate on a portion of the sale price. Convince them why they should be paying the price you have set.
Lastly, get the buzz out about your home. List your house with a hot agent that ensures your house is listed on the MLS and on the Internet. On your own, get the word out. It should be visible to passerby’s that your house if for sale, whether it be signs, local advertisements or you telling friends, family, and acquaintances.
Tuesday, 01 June 2010
When you apply for a mortgage loan, you expect your lender to pull a credit report and look at whether you've made your payments on time. What you may not expect is that they seem to be more interested in your "FICO" score.
"What's a FICO score?" is a common reaction.
Each time your credit report is pulled, it is run through a computer program with a built-in scorecard. Points are awarded or deducted based on certain items such as how long you have had credit cards, whether you make your payments on time, if your credit balances are near maximum, and assorted other variables. When the credit report prints in your lender's office, the total score is displayed. Your score can be anywhere between the high 300's and the low 800's.
Lenders wanted to determine if there was any relationship between these credit scores and whether borrowers made their payments on time, so they did a study. The study showed that borrowers with scores above 680 almost always made their payments on time. Borrowers with scores below 600 seemed fairly certain to develop problems.
As a result, credit scoring became a more important factor in approving mortgage loans. Credit scores also made it easier to develop artificial intelligence computer programs that could make a "yes" decision for loans that should obviously be approved. Nowadays, a computer and not a person may have actually approved your mortgage.
In short, lower credit scores require a more thorough review than higher scores. Often, mortgage lenders will not even consider a score below 600.
Some of the things that affect your FICO score are:
- Delinquencies
- Too many accounts opened within the last twelve months
- Short credit history
- Balances on revolving credit are near the maximum limits
- Public records, such as tax liens, judgments, or bankruptcies
- No recent credit card balances
- Too many recent credit inquiries
- Too few revolving accounts
- Too many revolving accounts
FICO actually stands for Fair Isaac and Company, which is the company used by the Experian (formerly TRW) credit bureau to calculate credit scores. Trans-Union and Equifax are two other credit bureaus who also provide credit scores.
Thursday, 29 April 2010
3415 E. 64th St. in Tulsa, OK
Spacious and updated home. New carpet & paint. Remodeled kitchen & bathrooms. Granite counters. Nice mother-in-law suite w/ separate entrance. New roof. Pella windows & doors. Huge 3 car garage with floored attic. Large landscaped yard, 2 patios. Great location!
Thursday, 25 February 2010
Gorgeous Midtown Gingerbread with tons of character!
1127 S. Braden Ave., Tulsa, OK 74112
Friday, 22 January 2010
Updated 1st floor condo with courtyard at the entry
Jenks School District
For More information Call 1-800-665-7321 and enter 2637.
Friday, 08 January 2010
Saturday Jan 9th 2-4:00 and Sunday Jan 10th 2-4:00
3916 S. Lewis Place, Tulsa, OK
Tulsa Homes |
Tulsa Real Estate |
Tulsa Realtors
Contemporary design Midtown remodel!
Tuesday, 22 December 2009
Fabulous Oakwold/Bolewood Neighborhood
4123 S. Victor Ct., Tulsa, OK
Tulsa Homes |
Tulsa Real Estate |
Tulsa Realtors
Friday, 30 October 2009
Open House in Tulsa, Ok
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Tulsa Real Estate |
Tulsa Realtors
2258 E. 32st St., Tulsa, OK 74105
Sunday 11/01 from 2-4pm
Tour this beautiful Midtown home!
Wednesday, 21 October 2009
Beautiful, spacious Midtown home!
2258 E. 32nd St., Tulsa, OK 74105
Tulsa Homes |
Tulsa Real Estate |
Tulsa Realtors
For More information Call 1-800-665-7321 and enter 2317.
Tuesday, 15 September 2009
Luxury Tulsa Home in Gated Glenoak Subdivision
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Tulsa Real Estate |
Tulsa Realtors
24 Hour Armed Security, Amazing Water Feature, Ponds and Trails
For More information Call 1-800-665-7321 and enter 2727.
Monday, 14 September 2009
8550 E. 24th Pl., Tulsa, OK 74129
Tulsa Homes |
Tulsa Real Estate |
Tulsa Realtors
For More information Call 1-800-665-7321 and enter 2437.
Wednesday, 26 August 2009
Just Listed! Great Midtown home!
3304 S. New Haven Ave. in Tulsa
Tulsa Homes |
Tulsa Real Estate |
Tulsa Realtors
For More information Call 1-800-665-7321 and enter 2267.
Tuesday, 30 June 2009
We are all well aware that today’s buyers are looking for spacious Tulsa homes with big and airy rooms. So, what can you do to make your small rooms feel bigger?
Here are a few tips:
· Wall color is crucial. Choose a light color, such as beige, cream, taupe or light green. After all, staging doesn’t have to mean boring!
Also, by painting the farthest wall from the entry way one or two shades darker, it will become an accent wall and your room will appear bigger and deeper. It will naturally attract the buyers’ eyes. (This works especially for living rooms).
· Open the window curtains and roll up the blinds to maximize the natural light.
· Use mirrors (one or two maximum in the same room) to reflect light, as well as shiny objects like candle holders, vases and other accessories.
· If you have dark floors like hardwoods, try a big white rug to soften up the feel of the room. It helps define a sitting area for example and opens up an entire space.
· Use fresh cut flowers, like sunflowers.
· For bedrooms, choose white bedding so it won’t overpower the entire room.
Each of these solutions should help to make your rooms feel bigger, and in turn, make a great impression!
Staging tip of the week:
When you remove heavy furniture, it usually leaves dents on the carpet.
Easy fix: take an ice cube and let it melt on the dents. Once melted, use a scrubbing brush and…Voilà!!
Good luck!
Virginie Gill, Certified Staging Expert
Owner of Voila Design
Monday, 15 June 2009
In today’s uncertain economy, we are seeing more and more distressed property owners. At least 10% of all homes across the country are either in foreclosure or in pre-foreclosure (behind in payments) per the Certified Distressed Property Institute. This drastic change in our economy and banking system is creating a very interesting Tulsa real estate market. Most Tulsa home owners in this situation don’t know what options they have and believe they will either have to file bankruptcy or get foreclosed on, and lose their Tulsa home.
There is a third option though and is it called a short sale. The short sale is a tool to sell the property for the Tulsa home owner that might be experiencing a period of financial instability, be behind on payments and owes too much on the property to sell for a profit in today’s market. If you or someone you know is in this situation, the first thing to do is to find an educated Tulsa realtor that is a certified distressed property expert. They will be able get your Tulsa home or Broken Arrow home listed, and package all the appropriate forms needed by the lender to stop the foreclosure process and work on getting the lender to accept a contract on the Tulsa home that is even less than what is owed. If the Tulsa home or Broken Arrow home is sold for less than what is owed, the goal is to get the bank to wave the difference owed with the seller owing no money at closing and have a settled account, not a foreclosure on the sellers credit record.
If you know of anyone in this situation, please have them call me. I am a Certified Distressed Property Expert and handle situations like this daily and keep many of our clients out of foreclosure.
Friday, 05 June 2009
Tulsa Real Estate Update- I’m getting a lot of questions about what’s happening in the market and wanted to give a brief overview of what I’m seeing out there. Currently, our pool of Tulsa home buyers is much smaller than it has been in the past and our listing inventory is fairly high. Five years ago, we had about 4000 homes on the market and this last winter we topped 8000. It’s the old law of supply and demand and we are in a strong buyers market which means the Tulsa home buyers have more choices and this will tend to put a little downward pressure on prices. I still believe we not in a terrible selling market, just different and changing monthly. Everything is relative though and we are so much better off than the rest of the country. As far as the buyer market goes, I’ve never seen a better buyers market in my 17 years in the business.
So, is it a good time to put your Tulsa home on the market? I still think the answer is yes if you need to move. This isn’t the market where you will make a million dollars on your Tulsa home sale, but you won’t need to give it away either. Our average market time is still only 28 days on the market for everything we are selling and our list to sales price ratio is right at 98%. If you do the right things, which are marketing aggressively, staging aggressively and pricing competitively, then you will still sell and sell quickly. Call me if you have any questions, we would love to help you in selling your Tulsa homes, Broken Arrow homes, Bixby homes, Owasso homes and Skiatook homes.
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