Category: Tulsa (11)

Quit Claim Deeds

Quit Claim Deeds

 

A lot of people that own land or Lots typically transfer ownership via a Quit Claim Deed. Which if done correctly is not a problem at all. However with the internet making form so readily available I am seeing more and more deeds that are completed incorrectly or not filed.

In the last 2 months I have run into these type problems in several forms. One person use commas (,) in the legal description of land instead of the word “of”  i.e. Northwest ¼ of the Northwest ¼ –NOT—Northwest 1/4,Northwest 1/4 . Another common mistake is the use of the owners names John Doe and Jane Doe need to have a further description behind the names. i.e. John Doe and Jane Doe Husband and Wife or John Doe and Jane Doe single persons.

Another common problem we have been seeing is a tract of land being deeded off to someone else after a bankruptcy of divorce has been filed. I don’t think these were done to hide anything from the bankruptcy or divorcing spouses at least not in the case of the one I have run into lately. But if the Quit Claim Deed transfer takes after the date of the bankruptcy or divorce filing it now has a cloud on the tile. In the case of a bankruptcy the bankruptcy will have to be reopened and the property dealt with. In the case of t a divorce the ex-spouse will have to sign a new quit claim deed.

And the final problem is someone give you a quit claim deed and you do not file it at the county court house in the county the land is located in you may or may not have legal ownership, I will leave that to the attorney’s.

The bottom line is have an attorney or title company review it for you and check to make sure no leans have been levied on the property before you take ownership. The small fee they would charge you will save you a big headache and possible legal fees in the future.

 

April Housing Market Tulsa, Oklahoma Metro Area is Booming. The following stats will give you an idea why you should list your home now IF you are thinking of selling it. Broken Arrow home Value from $100,000 – $200,000 has a 1.54 months supply, $200,000 – $300,000 has a 3.95 months supply in the April housing market. That means if your home should sell if priced properly within 1.54 months or 3.95 month respectfully April Housing Market , Wow you better be ready to move. Broken Arrow is not the only hot spot Jenks $100,000 – $200,000 has a 1.70 month supply, $200,000 – $300,000 has a 3.68 months supply. Bixby $100,000 – $200,000 has a 2.12 months supply, $200,000 – $300,000 has a 3.89 months supply. Lastly Owasso $100,00 – $200,000 has a 1.50 month supply and $200,000 – $300,000 has a 2.88 months supply of homes on the market April Housing Market . And all the other metro cities and Towns have similar numbers from Collinsville to Skiatook to Glenpool, Sapulpa, and Sand Springs.

Interest rates are still favorable, but remember as our economy keeps getting stronger the rate will keep rising which in reality is a good thing. So if you are thinking about buying or selling now is a really good time to get started. The Bigelow group would by happy to meet with you to go over this information or anything else to help you decide if now is the right time for you to put you home on the market. I also want to remind you we are never to busy for a referral – so if you know a Family member, Friend, Co- Worker or neighbor thinking of selling or buying please refer us to them our website www.jimbigelow.com of just have them call Jim Bigelow 918-640-4657 / Jim@jimbigelow.com or my daughter Lindsey Stucky 918-269-7652 / Lindsey@jimbigelow.com

 

Real Estate Market

Good morning Northeast Oklahoma. I have to remind everyone of the obvious … Tax filing deadline is April 15th which is only 13 days away.

But on a happier note good news for the housing market as the Fed’s Freddie Mac’s average interest rate has stayed at 4.06% for a 30 year mortgage last month it was 4.28% and 2018 end was 4.95%. this news is especially great news as nationwide the existing home market saw sales jump to 11.8% in February, which is the largest gain since 2016.

So if you are considering listing your home in the Tulsa metro area this would be the time to call me and discuss what your house may be worth on today’s market.

Total Homes For Sale In Tulsa Metro

The following chart is a breakdown of all the homes for sale in the Tulsa Metropolitan area by price range. It show all the Homes listed which is the total of the Home pending (Sold but not Closed) plus  the Active homes (still available). in the listed school districts below.

Total Homes For Sale In Tulsa Metro Area = 3,663
              Price Demand Closed
                Range T.O.M. Supply Active Pending < 6 Monthes
$0 $49,999 100 2.73% 3.45 69 2.47% 31 3.55% 174 3.35%
$50,000 $74,999 124 3.39% 3.70 74 2.65% 50 7.80% 201 3.86%
$75,000 $99,999 148 4.04% 2.93 92 3.30% 56 6.41% 303 5.00%
$100,000 $199,999 1,214 33.14% 2.95 830 29.75% 384 43.99% 2,466 47.41%
$200,000 $349,999 1,160 31.67% 4.72 942 33.76% 218 24.97% 1,474 28.34%
$350,000 $499,999 492 13.43% 7.15 416 14.91% 76 8.71% 413 7.94%
$500,000 $999,999 326 8.90% 13.40 280 5.00% 46 5.27% 146 2.81%
$1,000,000 UP 99 2.70% 24.75 87 3.12% 12 52.00% 24 0.46%
3,663 100% 2,790 95% 873 153% 5,201 99%
-44.36% -35.29% -14.85%
Per NORES MLS system for school districts 1,2,3,4,5,6,7,9,,10,11,13,28,30,49,50
Market Status Information

Fell free to call me if you would like to discuss anything about this chart or any other real estate questions

 

Jim Bigelow

Coldwell Banker Select

Tulsa Oklahoma

918-640-4657

Jim@jimbigelow

Jim Bigelow and Lindsey Stucky from Bigelow Group Real Estate
The Bigelow Group team: Jim Bigelow, daughter Lindsey Stucky, Scot Jobe, Ali Herrmann, Kathy Zwart

I know some of this may sound silly but it will affect your ability to qualify for a mortgage.

  1. Don’t change jobs even if you get a large raise. Ask the new employer if you can wait to start until your mortgage is closed. Also don’t reduce hours, quit or start your own company.
  2. Just because you are on vacation don’t make a late payment for anything. Make the payment early and be safe.
  3. Don’t buy a vehicle for any reason again wait until after closing. You will be glad you did.
  4. Okay maybe your new house deserves some new furniture but don’t buy it until after closing. Just writing up the ticket or getting no payment for a year can and will jeopardize your mortgage closing.
  5. Don’t close a credit card, increase the balance or max out the limit.
  6. Oh yah Don’t Shop for any new credit cards of any type either.
  7. Do not co-sign for a loan or credit card with another person.
  8. Don’t spend any of your down payments money even if you think you have more than enough.
  9. Do not take a loan against your retirement/investment funds or get a gift for the closing cost without talking with your lender first. There are specific guidelines that must be followed.
  10. Don’t make any large deposits into your bank account outside of payroll. And if you do have the funds documented as in some case these funds will not be allowed to be used for closing.
  11. Do not deposit cash
  12. Do not change bank accounts or transfer funds to a new bank
  13. Continue to pay all of your existing bills timely
  14. Do check your email on a regular basic as your lender may need addition documentation and respond as timely as possible.

I know this sounds like common sense but will all do things on a daily bases without thinking that yes we can afford but causes an underwriter to ask for additional information or just reject the loan at the last minute.

Call me anytime and let’s discuss real estate. We are here to help or Check Out Heather Jobe at First Mortgage  www.firstmortgageco.com/heatherjobe

Garden Fresh Salad

Garden Fresh Salad

Having small – medium or large garden in the backyard is a fun thing to do for the whole family. And, when it comes to eating it wow, what fresh and rewarding dinner. Try this as an example:

6 Tomatoes cubed, or 4 cups of cherry tomatoes halfed.

3-4 Cucumbers, Chopped or Diced.

1 large Onion – whatever type you planted.

8-10 oz of Blue Cheese or Feta crumbled

¼ c red wine vinegar

½ c Olive oil

1 Tbsp of dried herbs your choose.

Optional Bell Peppers, Carrots, Snap peas or whatever else you may have grown in your garden.

Enjoy your home and family this summer and don’t forget to Contact Jim Bigelow, Lindsey Stucky, Ally Herrmann, Scot Jobe or Kathy Zwart when it is time to learn more about how we can work to get your home SOLD!

Jim Bigelow Associate Broker Coldwell Banker select

918-640-4657, Jim@jimbigelow.com, www,jimbigelow.com

Serving the Tulsa Metropolitan area.

WATERING TIPS

SPRING WATERING TIPS

 

Fortunately, we enjoyed a very wet spring. Lakes are full and lawns are green. Of course, no one knows what the summer months will bring, but in most years the weather turns hot and dry, necessitating watering our lawns, flowers and Landscape.

 

Here are some tips for maximizing the benefits from watering your lawn.

 

First, raise the cutting height of your lawn mower and use a mulching blade. The taller grass and grass clippings helps to insulate the ground from the effects of the sun. It keeps the temperature of the soil cooler and helps to maintain more moisture in the soil.

 

Second, water less frequently, but when you water, do it for a longer period of time. It is far more effective to give your lawn a good soaking about once or twice a week than it is to water a little every day or every other day. The heavier, less frequent water encourages the lawn’s root system to grow further into the earth and makes for a healthier lawn. Obviously, watering amounts and cycles will vary with the type of grass and soil conditions with each lawn.

 

Flower beds and landscape may require a light afternoon watering. Just a few minutes for each landscape zone to refresh the plants and flowers.

 

Curb appeal makes everyone happier for the Owner to the neighbors and really attracts              Buyers when you are selling.

Contact Jim Bigelow, Lindsey Stucky, Ally Herrmann, Scot Jobe or Kathy Zwart to learn more about how we can work to get your home SOLD!

Jim Bigelow Associate Broker Coldwell Banker select

918-640-4657, Jim@jimbigelow.com, www,jimbigelow.com

Serving the Tulsa Metropolitan area.

Ranch

CUSTOM PHOTOGRAPHY / VIDEOS

Today, all major studies show the vast majority of prospective home buyers utilize the internet to search for homes. The same studies also report buyers will spend more time looking at homes which have quality pictures and/or videos for them to view than those that don’t. At The Bigelow Group / Coldwell Banker Select we recognize the importance of photos and video in selling homes today.

Therefore, we now have a professional state-of-the-art video tours which may include aerial drone footage, indoor tours and voice-overs. These stunning, high definition videos highlight your home and its amenities to give the viewer the best impression of your home and keep their attention on your property. We also provide a YouTube video which can be shared easily online to generate more interest in your home.

The Bigelow Group / Coldwell Banker Select we also know how to disseminate these photographs and Videos to be included on all the residential home searches to include www.coldwellbanker.com, www.cbtulsa.com, www.jimbigelow.com, www.trulia.com/Homes, www.Realtor.com, www.zillow.com, www.youtube.com/user/realestate, just to name a few.

Contact Jim Bigelow, Lindsey Stucky, Ally Herrmann, Scot Jobe or Kathy Zwart to learn more about our custom photography & videos and how they can work to get your home SOLD!

Jim Bigelow Associate Broker Coldwell Banker select

918-640-4657, Jim@jimbigelow.com, www,jimbigelow.com

Serving the Tulsa Metropolitan area.

Home Buyer Viewing Code of Etiquette

In today’s world of high security, video cameras, nanny cameras and audio monitors, it is becoming common for sellers to not only monitor who is in their home and when they were there, but also listen to every word that is said by a potential buyer.

For these reasons, we have created a “Viewing Code of Etiquette” that we would encourage our buyers to consider when they are in another person’s home whether a home is being monitored or not.

  • Buyers are there as guests – Although the seller’s goal is to sell their home, buyers should give the same respect that they would want when people were in their home.
  • Respect the property – Buyers should refrain from opening dresser drawers in any bedroom and should they need to use the restroom, always flush and clean up.
  • Control the kids – We love children, but children need to be supervised and need to stay with the group and not wonder off. Playing with toys that belong to the kids of the seller should be left in place and not played with.
  • Don’t make negative comments about the home – Comments about the furniture, the family pictures, or the homeowner’s choice of paint color should be made after you’ve left the house. Negative comments can be taken personally and might estrange negotiations.
  • Don’t rave about how perfect the house is – You can negate much of your negotiating strength if the sell knows that the house is exactly what you’re looking for and you could easily end up paying too much for the property.
  • LEAVE A CARD! – People like to know if someone has been in their home.
  • Follow the directions – Agents put directions in the MLS for a reason. Day Sleepers, alarm codes, pet’s directions or you may need to call the agent before showing. Don’t get off on the wrong foot with the listing agent by not following the directions in the MLS.

As you can see the Home Buyer Viewing Code of Etiquette is as much for the Realtors as it is for the Buyers. The Bigelow Group Realtors at Coldwell Banker Select try to follow this Etiquette do you?

Jim Bigelow Broker Associate

918-640-4657

Jim@jimbigelow.com

www.jimbigelow.com

The Bigelow Group

Coldwell Banker Select

Tulsa, OK.

WEBSITE CMA’s ?

Recently, a member of the Bigelow Group heard a commercial for a website purporting to provide the value of a home to anyone who went to the website and entered the information requested, including an email address. After all the information was submitted, the website responded by saying my colleague would be contacted by a real estate professional in the area who would give him a market value of his home.

 

In other words, the website was using the homeowner’s interest in the value of their home to generate prospects for a real estate agent who is most likely paying the website a hefty fee to generate leads.

            Note:  The website itself never did provide a value for the home.

 

If you are interested in learning the value of your home, you can go to such a website or you can contact me Jim Bigelow at 918-640-4657 or jim@jimbigelow.com. There is not a charge or obligation for this service. I know home values in the neighborhood. I can also give you the most accurate value for your home because I will look at your home and evaluate it based on its features, condition and location within the neighborhood. Finally, the information will come from a trained, knowledgeable associate who is familiar with homes in the area. I think you will find the information more reliable and the experience more enjoyable.

Jim Bigelow and Lindsey Stucky from Bigelow Group Real Estate
The Bigelow Group team: Jim Bigelow, Lindsey Stucky, Ally Herrmann, Scott Jobe, Kathy Zwart.