All posts by gradycarter

Where 15 Can Beat 30 – What Kind of Loan Should I Get?

With rates changing (if you don’t know about this it’s ok, but they are…) have you wondered how that might affect the loan that you should consider taking out for your home? Well, here is a very wonky article that can help you dive into this under discussed, and very important topic. It might be a good idea to play around with a mortgage calculator to see what the difference might be for you.



The Federal Reserve Board is on track to raise interest rates as soon as today. It’s a move that will mean higher mortgage rates, higher monthly payments, and reduced purchasing power for new borrowers. Homebuyers, who haven’t seen an interest rate increase in nearly 10 years, may be tempted by lower-rate 15-year mortgages.

Where 15 Can Beat 30

A 15-year mortgage is a smart choice for households in housing markets where price increases have been modest, but a tougher call for households in hotter markets.

The Federal Reserve Board is on track to raise interest rates as soon as today. It’s a move that will mean higher mortgage rates, higher monthly payments, and reduced purchasing power for new borrowers. Homebuyers, who haven’t seen an interest rate increase in nearly 10 years, may be tempted by lower-rate 15-year mortgages. But do the advantages of a 15-year mortgage outweigh the costs? The answer depends partly on where you live.

We’ve crunched the numbers for the largest U.S. metros, and found that:

  • With the median US household income, a 30-year mortgage allows homebuyers to purchase 46% more house, but a 15-year mortgage provides triple the paid equity in just 5 years.
  • Homebuyers in areas where prices have a history of rising will benefit greatly from faster equity-building with a 15-year mortgage.
  • Buyers in areas with historically slow growing to flat housing prices will benefit less from shorter-term mortgages and potentially more from the borrowing power of a 30-year loan.

The Tradeoffs Between 30- and 15-year Mortgages

In general, 30-year mortgages have three advantages:

  • Monthly payments are lower
  • Borrowing power is higher
  • Tax benefits are greater

The primary advantage of a 30-year mortgage is lower monthly payments. On the median valued U.S. home, a 30-year mortgage comes with a payment that is $320, or 27%, lower than a 15-year mortgage. Lower payments also mean that a borrower’s debt-to-income (DTI) ratio is lower than a 15–year loan. This allows middle class buyers (a household earning the U.S. median income) to borrow $77,000, or 46%, more with a 30-year mortgage than a 15-year. Last, borrowers with a 30-year mortgage can write off nearly $68,000 more than a 15-year mortgage via the mortgage-interest deduction on their federal income taxes.

Trulia 15v30

A 15-year mortgage has three advantages over a 30-year mortgage:

  • Equity builds faster
  • Interest rates are lower
  • Loan term is shorter

The primary advantage of a 15-year mortgage is that a larger share of each monthly payment goes towards paying off the loan principal. After five years (the number of years the average young household moves), equity gained from paying off the loan balance is more than $39,000, or three-times greater with a 15-year mortgage on the median value home. In addition, the 15-year rate is 3.36%, compared with 4.12% for a 30-year note. And over the loan term, borrowers with 15-year mortgages pay just under $40,000 in interest with a 15-year compared to over $107,000 with a 30-year on the median value home.

In Bargain Markets, 15-year Mortgages Are A Homebuyer’s Best Bet For Equity

Home equity can come from three sources: down payment, principal reduction, and home value appreciation. This means that in markets with slow appreciation, a larger share of equity will come from homeowners paying down the loan balance when compared to home value appreciation. In such markets, 15-year loans offer a relatively faster route to building equity.


We’ve identified the 10 markets in the country where, after five years of ownership, homeowners will have the most equity from principal reduction relative to home price appreciation. At the top of the list are markets exclusively in the Bargain Belt (Midwest and Southeast). In each of these markets, 15-year mortgages can provide over twice the equity relative to home price appreciation. For example, homeowners in Dayton, Ohio, can earn $22,018 in equity from mortgage payments with a 15-year mortgage, which is 2.37-times greater than the $9,295 gained from price appreciation. With a 30-year mortgage, payments would net households just $7,393. Clearly, household in these markets would gain much more equity by paying down their mortgage principle with a 15-year loan than from home value appreciation.

Markets where Principal Repayment is Key to Equity Growth
# U.S. Metro 5-year Equity from Principal Repayment, 15-year 5-year Equity from Principal Repayment, 30-Year 5-year Equity from Home Value Appreciation 5-year Principal Repayment Relative to Appreciation, 15-year* 5-year Principal Repayment Relative to Appreciation, 30-year
1 Dayton, OH $22,018 $7,393 $9,295 2.37 0.80
2 Cleveland, OH $26,906 $9,034 $11,960 2.25 0.76
3 Toledo, OH $21,193 $7,116 $9,667 2.19 0.74
4 Akron, OH $26,993 $9,063 $12,420 2.17 0.73
5 Rochester, NY $27,704 $9,302 $12,862 2.15 0.72
6 Detroit, MI $13,171 $4,422 $6,180 2.13 0.72
7 Greensboro-High Point, NC $24,924 $8,369 $11,778 2.12 0.71
8 Lake County-Kenosha County, IL-WI $43,508 $14,608 $20,620 2.11 0.71
9 Memphis, TN $23,289 $7,819 $11,093 2.10 0.70
10 Winston-Salem, NC $26,544 $8,912 $12,668 2.10 0.70

In Pricey Markets, 15-year Mortgages Are A Tougher Call

In markets with strong home price appreciation, deciding between a 15-year and 30-year mortgage is a tougher call. Like bargain markets, 15-year loans provide more equity from principal repayment than from appreciation. The difference, however, is much smaller. In pricey San Francisco and San Jose, Calif., 15-year mortgages provide just 1.35 times more equity from principal payoff than appreciation. Still, the difference in equity from principal repayment is great between a 30-year and a 15-year mortgage. For example, households in Orange County would stand to gain nearly $100,000 more in equity after 5 years by choosing a 15-year mortgage.

Markets where Appreciation Drives Equity Growth
# U.S. Metro 5-year Equity from Principal Repayment, 15-year 5-year Equity from Principal Repayment, 30-Year 5-year Equity from Home Value Appreciation 5-year Principal Repayment Relative to Appreciation, 15-year 5-year Principal Repayment Relative to Appreciation, 30-year
1 San Francisco, CA $247,382 $83,061 $184,397 1.34 0.45
2 San Jose, CA $203,060 $68,179 $150,088 1.35 0.45
3 Orange County, CA $139,362 $46,792 $96,300 1.45 0.49
4 Los Angeles, CA $112,946 $37,922 $76,446 1.48 0.50
5 Oakland, CA $136,768 $45,921 $92,323 1.48 0.50
6 San Diego, CA $106,895 $35,891 $72,083 1.48 0.50
7 Ventura County, CA $111,904 $37,573 $73,109 1.53 0.51
8 Boston, MA $90,176 $30,277 $58,567 1.54 0.52
9 Austin, TX $50,860 $17,077 $32,778 1.55 0.52
10 Charleston, SC $44,599 $14,975 $28,684 1.55 0.52

Even though 15-year mortgages provide more equity through loan repayment than appreciation, they also come at the expense of borrowing power. In high-priced markets, the difference in nominal terms can be substantial. For example, middle class families in San Francisco (households making the median income of $104,000 per year) could purchase a $628,000 home with a 30-year mortgage but only a $430,000 home with a 15-year. This makes house hunting hard when the median priced home costs more than $1 million. As a results, this could be the difference between buying their dream-home or a starter for some households.

To show why households in expensive housing markets have a much tougher decision, we’ve put together a scatterplot of median home values for each of the 100 largest U.S. metros and matched it with the relative amount of equity a household can gain from payments on a 15-year mortgage. As you can see, households in cheaper markets (bottom axis) stand to gain relatively more equity (left axis) from paying down their mortgage with a 15-year note than through home value appreciation when compared to pricier markets. For example, households in affordable Cleveland, which has a median home value of $123,000, can reap 2.25 times the equity from loan repayment than appreciation. In San Francisco, the land of million dollar homes, the added value is only 1.34 times the equity.

Trulia scatter 30v15

The takeaway: 15-year mortgages are a great option for those wanting to build equity, regardless of how expensive or how fast growing a market is. However, in places with historically low appreciation, 15-year mortgages are a much better deal for building equity because it’s about the only way to do so though paying of the loan balance. On the other hand, in areas with historically high price appreciation that also happen to be expensive, households need to consider the tradeoffs between the borrowing power of 30-year mortgages, expected equity from home price appreciation, and whether or not they will use equity from their existing home as a down payment on their next one.


To compare 30- and 15-year mortgages, we estimate the amount of equity a household would gain from both appreciation and from paying off the principal after 5-years of homeownership of the median valued home. We estimate this separately for each of the 100 largest U.S. metros, and use an annualized 20-year Federal Housing Finance Administration (FHFA) house price growth rate to project home values 5 years into the future. Last, we compare the nominal and relative amount of equity a household would gain by choosing either a 30- or 15-year mortgage and comparing that to the expected gain in equity from home value appreciation.

Source: Where 15 Can Beat 30 – Trulia’s Blog


If you have questions of concerns please feel free to reach out to me:

Just Listed: Gorgeous Golf Course Home in Norman!!!

Click Here To See The Listing

Well hello there!

In Real Estate  every transaction is unique. Sometimes hearing that a property is unique can be problematic, but sometimes it is a great thing! In the case of my newest listing in Norman located at 4601 Augusta Drive being unique is fantastic! Located just a few minutes south of the University of Oklahoma campus it manages to feel like a getaway outside of town. Backing up to the Cobblestone Creek Golf Course (which is currently being managed by, and soon to be owned by The University), and having several upgrades and amenities this house was designed to entertain. You’ll honestly just have to see it for yourself to really appreciate it. My personal favorite part is the amazing back porch that has a TV case, wet bar, fire pit, and multiple sitting areas. So go ahead, grab your agent (and if you don’t have one feel free to give me a call), and schedule an appointment to see this beautiful home!



This fantastic split bedroom home was built for getting away, and entertaining! It is located on the Cobblestone Creek Golf Course, and has a grand outdoor entertainment area equipped with: a partial kitchen, fire pit, and 3 sitting areas that back up to the golf course! The owners have taken great care of it and upgraded a litany of items, including: huge patio (with a TV, cooking area, extra lighting, and wet bar), extra large driveway, sprinkler system, water softener & water purifier, invisible pet fence, mosquito system, attic decking+shelving, and landscaping. The master suite is large with a very big walk-in closet and bathroom. If you are looking for a place to get away in town, we’ve got a deal for you! The home just appraised for $350,000, and the seller is simply asking for the appraised value, so come and take a look for yourself!

HOA includes: Golf Course, Pool, Club House, and Maintenance for Neighborhood Entry.

Millennials And Money


Are you a millennial? Do you worry about money? If you answered yes to both of those questions there are a lot of people in a very similar situation. I’ve decided to post this article because there will be a lot of people who will miss out on being able to buy a home because they didn’t plan ahead. People born around 1980 or after are simply more likely to have acquired with more debt (personal & societal), and less opportunity to grow financial wealth.

Now, before you get too scared it’s good to remember that we live in the wealthiest country in the world, and if you like me live in Oklahoma you live with a real estate market that doesn’t fluctuate very much, and homes tend to retain their value more than other parts of the country even in the midst of economic woes. So, if you are still reading this, and you answered yes to the first 2 questions then it’s time to start planning. Buying a home is one of the best ways for a middle class person/family to retain wealth. If you are interested in someday buying a home I would recommend starting with programs/apps like (to take control of your finances), (so you won’t have any surprises when the time comes), and connect with a lender who can help you budget based on what you are likely to be approved for on a home loan.

Finally, I feel that I must say that if you are interested in having more money in the long term and you want to buy a home it would be wise to buy a home that is more affordable in the short term. This is mostly due to the amount of interest that you would otherwise pay on having a larger loan. If you would like for me to explain any of this further please feel free to contact me.

Grady Carter
Realtor®, GRI
Metro Brokers of Oklahoma
Lic. #160723


We’re Making Life Too Hard for Millennials

July 31, 2015


“Blame the baby boomers for the dangerous combination of burdensome debt and thin paychecks.”

Originally appeared in the New York Times.

TO some, millennials — those urban-dwelling, ride-sharing indefatigable social networkers — are engaged, upbeat and open to change. To others, they are narcissistic, lazy and self-centered.

I’m in the first camp, but regardless of your opinion, be fretful over their economic well-being and fearful — oh so fearful — for their prospects. The most educated generation in history is on track to becoming less prosperous, at least financially, than its predecessors.

They are faced with a slow economy, high unemployment, stagnant wages and student loans that constrict their ability both to maintain a reasonable lifestyle and to save for the future.

Longer term, rising federal debt payments and increased spending on Social Security and Medicare will inflict a tremendous financial burden on them, threatening their own prospect of receiving promised retirement benefits.

To a considerable extent, that’s the fault of my generation, the baby boomers. We were the children of the Greatest Generation, but we may also be the most irresponsible generation.

Americans between 18 and 34 are earning less today (after adjustment for inflation) than the same age group did in the past. A typical millennial averaged earnings of $33,883 (in 2013 dollars) between 2009 and 2013. That was down 9.3 percent (after adjustment for inflation) in just a decade and is the lowest since 1980. Older Americans have fared considerably better; earnings of all full-time workers were roughly flat between 2000 and 2011.

Still more striking is that millennials have endured falling earnings even though they have attended college in record numbers.


So what’s going on? A major reason is the recession. Those who graduate in weaker economic times typically earn less than those who enter the work force during more robust periods. Starting behind often means never catching up.

Millennials who didn’t attend college have found their wages particularly squeezed, perhaps because of the decline of middle-skilled jobs in sectors like manufacturing, a clear consequence of globalization.

The wealth of millennials has been hit even harder than their incomes. Their median net worth was just $10,400 as of 2013, down 43 percent from the $18,200 that Gen Xers had in 1995 when they were under 35. With incomes squeezed, millennials are not only not saving much; they are dipping into whatever savings they do have.


That’s worrisome when combined with weak incomes and low net worths. Millennials also participate less frequently in 401(k) plans and, scarred by the recession, invest less and keep more than half their money in cash — not a great long-term strategy.

Another huge drag on the finances of younger Americans is the mountain of student debt that has been piled up in recent years. Members of this year’s graduating class left their campuses owing an average of $35,051, about twice the levels borne by their counterparts two decades earlier (after adjusting for inflation).


That’s in large part because college is becoming less affordable even as it has become increasingly necessary. Since 1993, average tuition has risen by 234 percent, far above the 63 percent overall inflation rate.

Saddled with debt and thin paychecks, millennials are delaying purchasing cars and new homes, low mortgage rates notwithstanding. By June of this year, homeownership among Americans under 35 fell to 34.8 percent, down from a high of 43.6 percent in 2004.


Some of this may be cultural — younger Americans seem less interested in major possessions like cars and homes. But they are also delaying marriage and having children, which I believe is an indicator of strapped finances.

Just to complete a dismal picture, millennials will also be the victims of the irresponsible fiscal policies pursued in large part by members of my generation. The massive budget deficits of recent years and projected needs to meet future obligations to retirees will result in a steady increase in federal debt, from less than 80 percent of gross domestic product today to an estimated 181 percent of G.D.P. by 2090.

Rising national debt levels may threaten the ability of millennials to collect on promised Social Security and Medicare benefits. That’s not lost on millennials — only 45 percent expect to receive Social Security benefits during retirement (compared with 68 percent of baby boomers).


We can’t completely undo the financial obstacles younger Americans face, such as their weak earnings. But we can start to put in place policies that will ease their burden. First and foremost would be to get the nation’s economy onto a stronger growth trajectory.

That’s a daunting challenge that would require revamping federal outlays to emphasize areas like education, infrastructure and research and development. Spending more on these areas would require higher taxes on my generation, which is getting a lot more from government than we are paying into it.

As part of redressing this imbalance, we need to reform the entitlement programs, for example, by reducing Social Security benefits for the highest income Americans. And important steps could be taken to both ease the burden of student debt for those who have already graduated and provide less expensive college opportunities for the rising generation.

Let’s at least start with a greater acknowledgment of the plight of millennials and the role that we — in many cases, their parents — played in creating it.

Source: We’re Making Life Too Hard for Millennials – The New York Times

Are You Ready to Buy a Home?

Are you interested in buying your own home, or just curious about how it all works? Buying a home is a rather large life event, and planning is a great idea. Have you tried to explore what it takes to buy a house yet? Whether you have or you haven’t this article will probably be informative for whether or not you should be readying yourself to buy a home. I take a lot of pride in advocating for my clients, and for being as transparent with them as possible.

If you are scared of buying a home you should ask a Realtor to explain to you step-by-step how this whole thing works as if you were a 6 year old, and after that conversation you should have a pretty good idea of who you’re working with, and what you’re getting yourself into.

You won’t understand every little detail perhaps, but you can at least have a plan so you can start having an idea of what you’re up against. If you are seriously considering buying a home soon now is a good time to start getting your ducks in a row, because over the next few months the market will be speeding up, and houses will come and go much quicker than they have over the last 5 or 6 months (it happens every year). I encourage you to read this article, and I also encourage you to click on the link at the top of this page that says “Buying A House 101“. I say this to the people that I work with pretty regularly, but I believe that buying or fixing up a house can’t fix all of your problems, but it can serve as a great reset button to start living differently. I hope you have a wonderful day my friends!




Are You Ready to Buy a Home?

While it may be acceptable to snap up a pair of shoes on an impulse, the choice to buy a home requires thoughtful planning and decision making.

Whether you’re becoming a homeowner for the first time or you’re a repeat buyer, buying a home is a financial and emotional decision that requires the experience and support of a team of reliable professionals including a REALTOR®, a lender, a lawyer and a range of other individuals.

Why Do You Want to Buy a Home?

The emotional part of the decision comes into play when you think about why you want to move. If you’re a first-time buyer, you need stability in your career and the desire to commit to living in the same community for five to seven years. You should want to establish roots in a neighborhood and look forward to decorating as you please without requiring a landlord’s permission.

Purchasing a home is a lifestyle choice that requires you to think about how you like to spend your time and the type of community where you want to live—such as a rural area without nearby neighbors, a high-rise building in a city or a home within a planned community with recreational amenities.

The more you understand your priorities for a home, the easier it will be for you to narrow your real estate decisions.

Homeownership can also be a powerful way to increase your personal wealth for you and your family, since you’ll be building equity in your home as you pay off your mortgage.

Are Your Finances Ready for Homeownership?

While your dream home may not be within your reach right away, you can take steps to become a homeowner the moment you earn your first paycheck.

In order to qualify for a mortgage to buy a home, you’ll need good credit, a pattern of paying your bills on time while still saving money and a maximum debt-to-income ratio—your gross monthly income compared to the minimum payments on all recurring debts—of 43% or less. Some lenders have stricter guidelines, so the lower your debt-to-income ratio, the better your chances of a loan approval.

While loan programs are available with low down payments of 3.5% to 5%—and a few programs offer no down payment at all—you’ll still need some savings to pay for closing costs, moving expenses and an earnest money deposit on a home. It also is very wise to have cash reserves on hand after you buy.

Saving money and preserving or improving your credit history are essential elements to homeownership.

What Can You Afford to Buy?

Housing prices and rents vary from one location to another, but you can use®’s Rent vs. Buy calculator to estimate the difference between your current rent and buying a home. In some markets, buying a home can cost the same or even less than renting.

Remember, when you’re a homeowner, you also need to includehomeowners insurance, property taxes and homeowners associationdues in your housing costs. You should use®’s home affordability calculator to help you estimate what you can pay for a home.

Mortgage Calculator


In addition, you should think about your plans for the future and how you spend your money—along with your comfort level with a mortgage payment. A lender will tell you how much you can borrow, but that lender won’t know how much you spend on travel or golf or your plans for potentially reducing your work hours when you have a family.

Once you’ve thought through the emotional and financial aspects of becoming a homeowner, your next steps should be to find a reliable, experienced REALTOR® to become your partner in the home-buying process and to meet with a reputable lender who can discuss your options for financing your purchase.

via Are You Ready to Buy a Home? – Buy –

This Tiny House Will Amaze You


It’s me, Grady. I love Tiny Houses 🙂

Have you ever heard anything about the “Tiny House” movement? It’s a rather small movement 😉 but if you were born after 1980 you are very likely interested in saving more of your wealth and living in a smaller home than those in your family before you. Research and polling says says that the millennial generation wants a manageable home. As a very calculable millennial myself I must say that when I see pictures and videos of Tiny Houses I find myself supremely intrigued! Can you imagine owning your home for maybe 10 or 20 percent of what it might cost otherwise – thus giving you the opportunity to have gready autonomy and control in your life of how to spend your money. There is a swelling amount of information that talks about people making life easier and more manageable. Just how manageable are you hoping to make your life/home?…


This Jaw-Dropping Luxury Tiny House Will Amaze You


Chris Heininge Construction gained attention for this beautiful little design that squeezes more style and luxury into 280 square-feet of space than most houses five times its size have. From the cedar-clad exterior to the warm and spacious interior, every inch of this tiny house was built with an attention to detail that’s hard to match and a zen-like approach that seems perfectly balanced between luxury and necessity. The end result is nothing short of stunning. There’s a lot to check out, so let’s dive in.



Above you can see the well-appointed kitchen area, with stainless appliances, a wall-mounted television, and small kitchen table.


A sleek gas fireplace warms things up, and instead of a ladder leading to the sleeping loft, you’ll find a perfectly usable staircase – a big plus for any older folks or disabled people who might not be able to climb as easily. Another great feature is the storage that’s included in the stairs, making the most of every inch of space. Notice how that first step is angled toward the wall – yet another way the builder adds a few extra square inches in this tight space.


The living room offers a relaxing place to chill out, and of course, more built in storage cabinets everywhere you look. That blue couch pulls out, transforming into a queen sized bed for your guests, or a great spot to lounge with your loved one (or large dog as in my case).


As we head upstairs to the loft things just keep getting better. The sleeping area features a queen size bed, with built in end tables and storage, plus room to stand up! I also love the large window that lets natural light spill in, and at night the sleek recessed LED lights help brighten the area up just perfectly. It brings together style, form, and function in one perfectly arranged space.


By now you’re probably thinking, “I want to live here” and you will surely feel that way once you see the bathroom. It’s pretty straightforward, with a sink, cabinet that you can use for a washer/dryer if you want, and toilet. But then, there’s the jacuzzi bathtub, with shower extend.



As if all the elements that went into this tiny house weren’t enough, just wait, because it gets better. While the house isn’t on wheels, Chris decided to make it easy to transport by designing a detachable roof. In just a few minutes the house can be made ready for transport on a 20′ flatbed truck. There’s no doubt that Chris Heininge is a master craftsman, as demonstrated by this build, and the 100+ other houses he helped build in Oregon, Arizona, and Washington.



In case you were wondering about the inspiration for the design, there’s a story there as well. Chris spent twenty years doing missionary work in Japan, Hong Kong, India and Macau. While in Japan he helped build and remodel houses, and as you can tell, the Japanese approach toward simple and functional design aesthetics rubbed off. Hopefully there’s enough demand to get them to consider making more of these, or releasing building plans because we love every square inch! Chris’ work is truly inspirational, and we hope to see more of his efforts in the future.

We can only assume Chris has received a blitz of interest for this house, and while we aren’t sure whether it sold yet, we do know this is the only one of its kind available. In case you were wondering about floor plans, you’re in luck because according to his website, they will be released for sale soon. We can’t wait.

Closing thoughts

As with any tiny house that costs this much, we usually get a slew of comments and opinions, and while mostly positive, I wanted to take a moment to address the inevitable “$70k!? That’s crazy, I could never afford that.” statement that’s sure to arise.

With a rising tide of interest surrounding the tiny house movement comes an increasing demand for builders and more designs to draw inspiration from. We’re seeing new builders like Tiny Heirloom Homesemerge, making tiny, fashionable little houses that sell for upwards of $65-100k. And while this one clocks in on the low end of that figure, at $70k, it seems worth every penny, especially when you see just how much detail and beauty is contained within.

Given the values of sustainability and the closely related vision of financial prudence that serve as basic tenets of the tiny house movement, it’s interesting to see builders serving the higher end market. Naturally with a growing demand, it only makes sense they’d fill the gap. Regardless of the higher than average price, I think this is a good thing because with more competition and demand I think we will see cheaper alternatives emerge that don’t compromise value for quality and comfort. So I’m hopeful that along with an increase in supply on the high-end side of the market, the low end will also find structure and development. We can only hope this continued interest brings about more affordable solutions to some of our most basic needs as a society for shelter.

Be sure to check out the Heininge Website for more details about this gorgeous build.

This Jaw-Dropping Luxury Tiny House Will Amaze You | Tiny House for Us.

Open House: Sunday, December 28th – 1406 Broad Acres Dr.


If you have time tomorrow (Sunday, December 28th) between 2:00 and 4:00 and you’ll be in the Norman, OK area please feel free to stop by our open house. There will be refreshments, and a beautiful house to see. And feel free to stop by to talk about home renovation even if you aren’t looking to buy.

Grady Carter
Realtor®, GRI
Metro Brokers of Oklahoma
Lic. #160723

For More Details Click Below:
1406 Broad Acres Dr, Norman, OK | For Sale

Monnett Ave, Norman, OK | Rental

815 Monnett


Are you looking for a very affordable apartment as close to campus as you can really get? Well here it is! With 1 bedroom, 1 bathroom, and a combined kitchen and living area the space will really give you a lot of bang for your buck. And don’t forget this place is only a 2 minute walk from Campus Corner.

Contact info:
Grady Carter | Metro Brokers of Oklahoma | 405-474-2905 |

1Bd/1Ba Apartment

Monnett Ave B., Norman, OK 73069


Sq Footage: 560 sqft.
Bedrooms: 1 Bed
Bathrooms: 1 Bath
Lease Duration: 1 Year
Deposit: $350
Pets Policy: Cats & Dogs OK
Laundry: None
Property Type: Apartment

Contact info:
Grady Carter
Metro Brokers of Oklahoma

Monnett Ave, Norman, OK | Rental | Powered by Postlets.

Guess Which City Was Just Deemed Most Affordable in The Nation – The 10 Best Cities In America

I’ve been saying this for years but Norman, Oklahoma is an amazing place… I’m not saying that Norman is better than wherever you call home, I’m just saying I love my home, and so does my pocket book (that’s old school slang for wallet kids). According to the Huffington Post Norman was just heralded as the most affordable city in the country! Now there are more affordable places to live, but this is apparently factoring in what you get for what you pay.

Most Affordable City in America!

Most affordable city: Norman, Oklahoma

Tired of your insane property taxes and $13 juniper-infused negronis? Consider a move to Norman, Oklahoma, where the price of gas is $3.48 per gallon (that’s 3.8 percent less than the average fill-up in the U.S.), a movie ticket runs you $8.50 and the average house costs $82,000. Source: ACCRA Cost of Living Index

See The Full Article Here: The 10 Best Cities In America | PureWow.

And It’s Officially Listed – Top End Brookhaven Home, Completely Redone!!!


Do you like nice houses? Why wouldn’t you?! Well here you go! This 3 bedroom, 3 bathroom house in Brookhaven (a very desirable neighborhood in Norman, OK) is truly a gem. Full Disclosure, my mother renovated this house, but despite my biases I must say that it truly is impressive, and I can’t wait to meet the people who will get to call it home! From the heated floors in the master bathroom, to the bonus room in the upstairs retreat this house is ready for someone to make it their own. The coffee/drink bar has a sliding barn door that can separate the living space if necessary, but if the door is open there is a great flow to the house that makes it very warm and inviting. And if you like to entertain, even just yourself, the surround sound that connects with each living area allows everyone to enjoy some tunes without blowing out the sound in just one room. I could go on (about things like the brand new deck upstairs), but I won’t. I would just encourage you to come see it for yourself 🙂

Feel free to schedule an appointment to see it, even if it’s just for fun:

Grady Carter
Metro Brokers of Oklahoma
Lic. #160723


Top End Brookhaven Home – Completely Redone!!!.


Contact info:
Grady Carter | Metro Brokers of Oklahoma | 405-474-2905

Unbelievable Renovation in Brookhaven!

1406 Broad Acres Dr, Norman, OK 73072


Year Built: 1981
Sq Footage: 2634 sqft.
Bedrooms: 3 Beds
Bathrooms: 3 Baths
Floors: 2
Parking: 2 Garage
Laundry: In Unit
Lot Size: 10625 Square Feet
Property Type: Single Family House


1. Cleveland Elementary School district
2. 2634 sq feet
3. New roof, texture, & exterior paint
4. Interior paint
5. New Windows
6. All new flooring: tile, wood and carpet
7. New granite in kitchen and a bathrooms
6. New fireplace
7. New surround sound
8. New fence and retaining wall.
9. New tiled courtyard
10. Heated tile floor in master bathroom
11. Dual closets in the master bedroom
12. Sitting room in the master
13. Newly landscaped yard
14. Huge new deck on second story that looks out over valley
15. Great neighborhood
16. New walk through bar
17. New wiring and electric panel
18. Updated plumbing and all new fixtures
19. All new stainless steel appliances.
20. 3 bedrooms, dining, two living areas. Loft and small bonus room.
21. Lots of built in storage


  • Living room
  • Dining room
  • Walk-in closet
  • Master bath
  • Family room
  • Pantry
  • Recreation room
  • Attic
  • Mother-in-law unit
  • Range / Oven
  • Garbage disposal
  • Stainless steel appliances
  • Balcony, Deck, or Patio
  • Yard
  • Fenced yard
  • Lawn
  • Porch
  • Garden
  • Heat: forced air
  • Central A/C
  • Ceiling fans
  • Double pane / Storm windows
  • Cable-ready
  • High-speed internet
  • Wired
  • Hardwood floor
  • Tile floor
  • Granite countertop
  • Fireplace
  • High / Vaulted ceiling
  • Wet bar


  • Garage – Attached

Contact info:
Grady Carter
Metro Brokers of Oklahoma



A Personal Story For Your Troubles – Why My Friend Should Win!

I come before you today to discuss a personal matter. I want to make sure that I’m as human as I can be with this site, but I have tried to be very conscientious about not being unreasonably informal. With that said I’m going to do something a bit unorthodox today, and that is to write a quick story about a dear friend of mine, Gavin Rogers. Gavin is attempting to be temporarily appointed to the San Antonio City Council, until they vote in mid 2015. If you live in San Antonio please contact your council person and ask them to appoint Gavin for this temporary seat!

Gavin and I met 6 and a half years ago at a summer camp in Missouri, K-Kauai (which is the family camp in Branson, MO, not Hawaii, tied in with the Kanakuk Camp enterprises, and really a magical place). I didn’t get to go to Kanakuk as a kid because it cost a bit 20 times as much as the camp that my parents went to in the Wichita Mountains of southwest Oklahoma (Quartz Mountain Christian Camp), so instead I just decided to work their for 3 summers in college, and get paid to play! Gavin and I were actually only there for 3 days together, but we’ve kept up over the years, and have talked on the phone at least every few months. Earlier this year he and I went to our dear friend James Slagle’s wedding in Minnesota together, and after that we just talked more and more – and he actually parlayed that into tricking me into going to Egypt with him… I blogged about Egypt on here, so feel free to read about it if you’d like to, just click on one of the links below:

The Fringe of Cairo & Suez

In The Rough: Finding Family In Egypt

I am having a great urge to just tell you everything that I can think of about this trip, and our experiences in Egypt, but I want to sum this up so that you can get back to work before your boss sees you on your phone again… Over the last several years I have seen Gavin travel the world some, and he always seems to come home with great stories, and life mementos that will make me think “I need to do stuff like that”, and I’m so glad that I got the chance to in Cairo. With that said, maybe my biggest regret of not taking action to do something radical and impactful (even if only for me) was when a few years ago Gavin asked me to join in for lent in being homeless on the streets of San Antonio for 40 days and I said no… I had a job in Little Rock that I enjoyed and didn’t want to lose, so I just told him no. After that experience Gavin found himself firmly implanted amongst the poor in San Antonio, and he even ended up with a roommate who’d been homeless for many years named “Chilly” Willy. Willy passed away this year, and he didn’t do it alone because Gavin wouldn’t let him be… Gavin is not a perfect person, but feel so strongly in his conviction for his common man that when I heard that he is running for city council in San Antonio I had to write about it… I can be a very emotional person, but I rarely find myself spewing my emotions as I might an second now, but If you pray or live in District 1 of San Antonio please keep my buddy Gavin in mind, and ask your Council person to pick Gavin. He probably won’t love how sappy I’m making this, but I don’t care, I know he’ll honor me for being who I am, just as he honored Tutu in the garbage city of Cairo, and just as he honored “Chilly” Willy. All I want or Christmas is for more people to meet people where they are like my friend Gavin Rogers… I love you buddy, and I can’t believe we get to be friends.

There is a vacancy in District 1, and the council is voting on the replacement for the time being, and there are 14 applicants. This district represents a lot of homeless, and underserved individuals – and there’s no way that anyone can understand that plight better then my buddy Gavin. If you know anyone in San Antonio please send them this link, even if just to make fun of us 🙂

Grady Carter


2014-11-10 18.54.15
This was Tutu’s first time to eat McDonald’s that he hadn’t found in the trash


Gavin’s Buddy “Chilly” Willy

Willy hanging out on the porch, where he spent most of his time.