Category Archives: Real Estate

Remodeled Space For Aging In Place | The Daily Oklahoman

*You might have to press pause on the video just below if you want to read everything before you watch it, it seems to be playing automatically.

A quick note before the video/article:

Early in 2017 I found myself in the middle of a transaction that had a very strong thread for all parties involved, aging family members. My sellers were helping their mother sell their childhood home, which needless to say had to be emotionally impactful. Not long after the house went on the market I was approached by a lady saying that her daughter lived a few doors down from the house, and they thought it would be nice to live closer to one another. I later discovered that this very witty and charming person was in the earlier stages of an Alzheimer’s diagnosis. Long story short they purchased the home after a few bumps in the road, and she and her daughter renovated the home – and it is immaculate…

I’m currently writing this with tears in my eyes next to my grandfather who is on his deathbed. In the last few years I lived for a while with my grandparents as they were getting settled into their final residence. We’ve been preparing for this moment for a long time, and in the middle of taking care of him for his final stage of life I saw this article pop up in The Daily Oklahoman, telling the wonderful story of some of my newfound friends, Deb and Amy on one side and Larry and Sue on the other. I’m so grateful for everyone involved. Being a part of their story makes me appreciate my own even more, and I’m pretty much bursting at the seems already with love and appreciation for my own family.

-Grady

Remodeled Space For Aging In Place

By Dyrinda Tyson For The Oklahoman dyrinda@gmail.com  


NORMAN — Amy Brewer wanted her mother closer, especially when memory issues began to surface. But it took several years and an Alzheimer’s diagnosis for things to come to a head.

“In April, she got lost for five hours,” she said. “That’s when I decided that she needed to move.”

Her mother, Deborah Brewer, raised a finger.

“Now I have a different story,” she interjected. She offered her explanation, mostly off the record, possibly tongue-in-cheek. “So I knew where I was,” she concluded with a nod.

Still, her daughter saw it as a call to action. Interstate 35 and major chunk of Norman lay between them. And as unpredictable as Alzheimer’s disease can be, the one thing for sure is it doesn’t retreat.

“I decided I’d put this off long enough,” Amy Brewer said. “For five years, I knew we needed to do something. And I’d been floating the idea and floating the idea.”

Her mother, though, was reluctant, at least until Amy played her trump card: “I finally said, ‘There’s going to come a time when I’m going to have to take your car away, and you’re still going to want to see your grandkids. So you need to be right by us. And, she said, ‘I understand.’ ”

The perfect bungalow came on the market that weekend, just two doors down from Amy’s house in central Norman. Things bogged down, however, as she grappled with the logistics of selling one house while buying another.

The bungalow was still on the market when they finally laid a plan in place. They gave the go-ahead to their Realtor, Grady Carter, of Metro Brokers in Norman. But they worried about trust issues on the seller’s side.

“He must have done some magic on his end, though,” Amy Brewer recalled. “I was in San Francisco about to board a flight to New Zealand.”

That meant many hours in the air cut off from communications, so she laid it out in a phone call to Carter. “I said ‘I’m going to land in 13 hours, Grady. Whatever they need us to pay, we’ll pay. Whatever earnest money, we’ll do cash.’ ”

That did the trick. By the time Amy Brewer came home from her extended trip, the deal was done. Friends had pitched in during her absence to ensure Deborah Brewer made it to closing, then helped her move out of her old home and into her daughter’s house to await remodeling on her new digs.

Oh, yes, the remodeling.

“I was really focused on securing this house, which took a long time,” Amy Brewer said. “And after we purchased the house, I realized I had plans to do a complete remodel and no plans to do a complete remodel. I guess someone who knew what they were doing would’ve had that lined up before they closed. A week or two went by, and I realized I had no idea what I was doing.”

Smooth transition

So she did what almost everyone does in this day and age, namely take her plight to social media. And social media gave back, leading her to Kendra Orcutt and her Home Mods By Therapists team. Orcutt channels her experience as an occupational therapist into designing spaces to accommodate people’s physical challenges.

Orcutt and her team opened up the space inside by getting rid of hallways, allowing the bedrooms and bathrooms to open directly up into the main part of the house.

They widened hallways, repurposed space lost to a heater closet to enlarge the laundry room and installed a sliding barn door on the master bathroom, adding not only a trendy touch but one that saves space and is easier for a person on a walker or cane to open.

Even the color scheme in the kitchen was designed with a purpose. The gray-and-black floor tiles are low-contrast, which is easier to navigate with impaired vision or balance.

“By making this house accessible to memory loss, she doesn’t ever have to move,” Orcutt said. “She won’t have to relearn another space. She knows her daughter is down the street. All of those things are important. So what I did was I made things easier to live in.”

Easier to live in, but not institutional. It’s often just a matter of style. What appears to be a towel rack by the bathtub, for example, is actually a grab bar. Its brushed silver surface matches the faucet and, frankly, it could function just fine as a towel rack.

And that’s the point, Orcutt said. “Everything we did in the house, someone else could live in.”

That was a major consideration as Amy Brewer worked to persuade her mother to trade her four-bedroom home for the bungalow.

“She had a great big house, and I didn’t want her to feel like she was having to give up anything,” she said.

Deborah Brewer finally moved into her revamped home in late November. She gave up two bedrooms and a lot of square feet in the move, but may have gained so much more in return.

Amy Brewer smiled as her tween daughter, Harper Sterr, wrapped her arms around her grandmother. “These two are best friends,” she said.

Deborah Brewer held out a hand to compare their heights. “And she’s almost as tall as me.”

Source: Remodeled space for aging in place | NewsOK.com

“These 6 Charts Tell You Everything You Need to Know About the Real Estate Market”

This article was written in 2016 and it is a little bit simplistic, but overall I think that it is a good quick read to talk about the general state of the economy in relation to Real Estate. I know that in Norman in particular this year we’ve definitely had many conversations about the rental market. If you have anything you’d like to add feel free to comment below or on Facebook.

-Grady

These 6 Charts Tell You Everything You Need to Know About the Real Estate Market

There’s likely no sector as important to the U.S. economy as housing.

In the first quarter of 2016, residential investment accounted for roughly half of the 1.1% increase in real GDP. Historically, this is on the high side, but when you count spending on housing services as well as spending on various kinds of housing construction, the home construction industry can account for as much as one fifth of overall output in the U.S. economy.

That’s why housing has traditionally powered the American economy out of recessions, and that’s why housing’s role as the trigger of the Great Recession was so damning to the subsequent recovery. While housing prices have improved—with home values in some markets higher than before the crisis—there’s evidence that the housing bust has inflicted long-term damage on the home building industry and therefore the American economy. Here are 6 charts from Torsten Slok, Deutsche Bank’s Chief International Economist, that show the state of the housing market and how it’s powering, and holding back, the rest of the economy.

People Really Want to Buy Homes

There’s evidence that the millennial generation has been slow to warm to the idea of homeownership, as they are generally delaying decisions like marriage and child rearing. But as this chart shows, overall, Americans are still in the market for new homes.

But Homebuilders Have Been Slow to Respond to Demand

The rate at which homebuilders are constructing new single family homes remains quite depressed, despite steadily increasing demand. Those in the business have argued that supply-side factors, like increased regulation and a short supply of skilled labor as reasons they have been slow to meet demand.

The Homes Being Built are Mostly for the High End of the Market

There are many metrics that one can use to show that homebuilders have decided that it makes sense for them to target wealthier buyers, but the above chart is striking. During an otherwise sluggish economic recovery, the increase in the size of new homes for sale has actually accelerated.

Because Middle-Class Homebuyers Can’t Get Financing

Home builders aren’t the only business that has been turning it’s back on the American middle, for the simple reason that middle class incomes have been on the decline for years now. Furthermore, the mortgage finance industry is still leery of lending to all but the most creditworthy borrowers.

Rental Markets are Tighter Than They’ve Been in Generations

The lack of credit available for new homebuyers has forced more and more homeowners into the rental market, driving up rents and put further pressure on already strained middle-class budgets.

Hope Springs Eternal

Despite what appears to be a negative feedback loop of stagnating middle-class incomes, tight credit, and a homebuilding industry that can’t profitably cater to most of the country, demographics have analysts hopeful that things will turn around in the future. The modal age in America is 26, and this echo-boom generation has yet to settle down and seriously consider homeownership. Analysts hope that this new demographic wave will jolt the housing sector back into pre-bubble normalcy. And we’re moving in the right direction.

Time heals all wounds, even in the real estate market.

Source: These 6 Charts Tell You Everything You Need to Know About the Real Estate Market

New OKC Listing (4 bed, 3.5 bath) – 1433 SW 71st

A well kept and discretely grand house just minutes from downtown Oklahoma City. Sitting on an oversized lot this split bedroom plan is ready for someone to come and make it their own. This home has 3 possible living rooms, and one could be kept as an office space. The storage unit in the backyard is large, and could be used as a workshop, or it could easily store equipment and motorized toys. This wonderful home is priced to sell, and ready for someone to love it!

Walk Through Tour – 1433 SW 71st St

New Listing Alert!!! If you are looking for a very well kept home in Oklahoma City come check this puppy out! 4 bedrooms, 3 and a half bathrooms, on a great big lot just minutes from downtown. Click on the links below if you'd like more information, or just call your Realtor to set up an appointment.

For more pictures click here —–> https://goo.gl/H3ihYp
To see the full listing click here —-> https://goo.gl/FCMTyE

Grady Carter
Metro Brokers of Oklahoma
Lic. #160723
(405) 474-2905

Posted by Grady Carter – Home Boy Real Estate on Thursday, September 7, 2017

 

Source: 1433 SW 71st — Premier House Tours

“American Experience: Oklahoma City” National Premier Tonight at 7:00

I posted this on Facebook today, and it had very little / nothing to do with Real Estate. Oh well, it was worth posting about, and if you have the ability I highly recommend you watch this documentary airing on television tonight about the Oklahoma City Bombing at 7:00 cst.

The documentary is called American Experience: Oklahoma City. If you need to set your DVR now would be a good time.

ATTENTION: Tonight at 7:00 is the public television premiere of this new documentary about the Oklahoma City Bombing,…

Posted by Grady Carter on Tuesday, February 7, 2017

HGTV Loves A Tiny House; You Do Too, But In The Communities That Need Them Most They’re Outlawed – Salon.com

Ever since I was a little boy I would talk to my mom about how I like to think that I can live pretty much anywhere – especially funny little spaces like sheds. I’m mostly bark and little bit, but I do love the idea of a smaller/simpler living arrangement. I’ve been pretty excited about the idea of tiny houses for a long time, but the more that I think about them in the areas in which I work the more that I come to the same conclusion as this article – they aren’t allowed where they make the most sense and are most needed. So, I hope you enjoy this little read, and feel free to share or comment because  I always love hearing from my homies!

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

Source: HGTV loves a Tiny house; you do too, but in the communities that need them most they’re outlawed – Salon.com

“Society is moving faster than the law in housing; tiny is affordable, and darn cute, but you probably can’t have it”

HGTV loves a Tiny house; you do too, but in the communities that need them most they’re outlawed

HGTV loves a Tiny house; you do too, but in the communities that need them most they're outlawed

While America might be known for its philosophy of expansion, a growing number of citizens are diligently trying to reverse-engineer Manifest Destiny. Much of the focus on people who opt to live in tiny houses is written by gawkers who focus on their chic designs, radical downsizing, and feasibility. However, living tiny is literally about as close to a grassroots movement as one can get, and proponents are actively engaged in advocacy with local governments to realize their vision of decentralizing materialism. With a groundbreaking proposal to amend the International Residence Code — which is the model code for the majority of residential construction in the United States — submitted by movement leaders last fall, 2017 might be the year that sets up this niche market to go mainstream.

“Tiny House communities or pocket neighborhoods provide the opportunity for closer human connections, sharing and intentional communities, and a release from the ‘work to live’ trap so many of us are ensnared in,” says Cy Englert, who administers the popular online group Tiny House Community.

Escaping the work-to-live trap appeals to many, but it’s hard to enumerate an accurate sense of the movement’s boots-on-the-ground momentum. Who’s all in and who’s just engaged in escapist fantasies?

There are some key identifiers. The most visible are the binge-worthy television ratings. A representative for Scripps Network Interactive, the company that owns HGTV and DIY, told Salon that in 2016 tiny house programming attracted an average of more than 10 million total viewers during primetime each month. There’s a steep drop-off, however, offscreen. Many folks don’t want to reveal that they live in tiny houses because it could cause them trouble and jeopardize their security. HGTV super fans willing to make the tiny commitment might be heavily deterred by the fact that putting down roots is much tougher than the network’s popular hour-long narratives reveal.

“If you build or buy a Tiny House, you face the stark reality that it is illegal to live in them full-time. So, the movement to provide affordable housing and simpler lifestyles is undoubtedly hindered until it becomes legal,” says Englert, whose Tiny House Community Facebook group boasts about 30,000 members. “Building codes and zoning ordinances need to change to accommodate smaller and tiny houses.”

Just because we’ve heard a lot about tiny houses since the 2008 economic crash where many people lost their homes, tiny habitation is still in the early-adopter phase. Unless you move into a pal’s back yard or live in an RV park, local zoning and code restrictions are a big bummer for the mobile generation’s trendiest alternative to suburban McMansions and Manhattan high-rises.

“It’s important to understand that zoning and code are two very different yet equally complex universes,” says Jay Austin, whose self-constructed 140-sq ft. home The Matchbox is part of one of America’s first tiny communities in Washington, D.C., called Boneyard Studios. “Zoning generally dictates what you can build where, while building code dictates how you can build it. Or, more often, how you cannot.”

Zoning can prove to be problematic for tiny house dwellers, but building to code requirements are worse, Austin says. For instance, with respect to zoning, a mobile, residential tiny house can’t legally be placed on a vacant commercially zoned lot. This leads many folks to put them on wheels, where they’re governed by less constricting building code; however, parking becomes a major concern and most options are temporary. With respect to code compliance, “a whole lot of code just doesn’t make sense in a fairly unpredictable tiny house.” Regulations such as minimum square footage of bedrooms and kitchens can exceed the entire square footage of a tiny house. Plumbing and electrical code might require that homes be connected to city electric and water even if the house is capable of sustaining itself. Trivial things like the height at which outlets are placed or the number of them in a room can become “impossible to accommodate when space is at such a premium and furniture must be configured just so.”

“It’s not that these issues are insurmountable,” Austin says. “Indeed, building a tiny house on wheels turns building code into more of a suggestion, but they’re often so cumbersome and complicated that your average non-builder, non-architect, non-electrician will simply give up or second-guess themselves into inertia.”

Many tiny homes are constructed by do-it-yourself types, even though professional homebuilders in the tiny house business do exist. It’s significantly more expensive for a professional build, although residents might be more confident that they’re in compliance. The Tiny House Building Company in Fredericksburg, Virginia, notes on its website that they offer financing through a partnership with People’s Community Bank. Unique deals like this allow some to live tiny.

“I think the issue here is not necessarily a lack of demand, but a lack of demand commensurate to the supply of large-scale home builders,” says Austin. “Tiny houses are a rapidly growing market, but still a very, very small one. At this point, the volume might not provide sufficient economies of scale to well-established, non-bespoke home builders to be worth the initial outlays. That may or may not change as the movement grows.”

This sentiment was confirmed when Salon reached out to the National Association of Home Builders, where a representative for the organization said that not many of their members specialize in this niche field.

“Those who have the perseverance to figure this all out are generally pretty determined and pretty do-it-yourself, and this may be why so many folks looking to go tiny choose to build themselves, pulling some demand out of the established home-builder market,” Austin says.

A volunteer group known as the American Tiny House Association emerged in 2015 as a voice for change. They’re the definitive starting point for bringing the revolution to your town, and offer a useful “How to Initiate Tiny House-Friendly Zoning Changes” guide on their website.

At the local level, there’s evidence that this type of advocacy can be effective. Laura LaVoie is a popular tiny house blogger who is part of the volunteer-run Asheville Small Home Advocacy Committee in North Carolina.

“Because building a tiny house was the catalyst for major change in our lives, our real goal for starting the Asheville Small Home Advocacy Committee was to offer the city of Asheville another alternative to their housing crisis,” LaVoie says. “With a tourism boom, our city relies on service industry workers, but that same tourism boom makes it nearly impossible for those critical workers to live inside the city limits. There is a housing shortage, rents are high, and it’s extremely difficult for someone making minimum wage or tips to buy their own home. Tiny homes offer the option of home ownership to these individuals.”

The group started when locals who were in various aspects of the tiny house community started talking to each other. They met with the city planning office and discussed viable options. In the summer of 2015, LaVoie says, Asheville made it easier for residents to build accessory dwelling units on their own property, which opens the door for backyard tiny home owners or renters.

“It was a great first step and felt like a real victory,” LaVoie says. “People often ask us how to start their own advocacy group. Honestly, the answer is pretty simple. Get together and start advocating for tiny homes. We had no community organization experience, we just felt strongly about the subject and began to organize meetings to discuss the options.”

Approaching local government with a positive attitude is key to success, says Englert of Tiny House Community.

“There is no value in being on the offensive when speaking to government officials since they are our elected officials who are responsible for satisfying the needs of their citizens,” he says. “Make it obvious that it is in their best interest to help to provide affordable but safe housing. There are pockets of success all over the country, so it can be done.”

For the cable news crowd that isn’t quite hardcore enough to do this kind of heavy lifting, HGTV Senior Vice President of Original Programming and Production John Feld has a plan for waiting it out.

“Declutter and reprogram your life,” Feld says. “Viewers are enamored with our lineup of tiny house programs not only because we show creative tips on living in smaller spaces, but they fantasize about getting rid of most of their junk. I think there is a tremendous amount of stress caused by filling up our 3,000-square-foot homes with stuff, and HGTV’s tiny house programs showcase how real people are happily embracing the tiny lifestyle.”

Staging Tips for Selling During the Holidays | Real Estate Tips | HGTV

 

“Michael always says “K-I-S-S. Keep it simple, stupid.” Great advice. Hurts my feelings every time.” -Dwight K. Schrute, ‘The Office’ television show

Sometimes the most important information is the simplest information. When it comes to listing a house you’re probably better off making things easier on yourself by making a small list of items to take care of. When a buyer walks through your listed property they’re going to want to know what you’d probably most likely want to know as you walk through a house – which is whether or not the property has been taken care of. If you’re getting ready to list your house make a simple list and if you want to talk if over just call your homeboy.

*I would esspecially pay attention to #5.

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

 

“Tricks of the trade to help you get top dollar when selling your home.”

10 Best-Kept Secrets for Selling Your Home | Interior Design Styles and Color Schemes for Home Decorating | HGTV

Selling Secret #10: Pricing it right
Find out what your home is worth, then shave 15 to 20 percent off the price. You’ll be stampeded by buyers with multiple bids — even in the worst markets — and they’ll bid up the price over what it’s worth. It takes real courage and most sellers just don’t want to risk it, but it’s the single best strategy to sell a home in today’s market.

How to Sell Your Home: Tips & Tricks 9 Videos

Selling Secret #9: Half-empty closets
Storage is something every buyer is looking for and can never have enough of. Take half the stuff out of your closets then neatly organize what’s left in there. Buyers will snoop, so be sure to keep all your closets and cabinets clean and tidy.
Selling Secret #8: Light it up
Maximize the light in your home. After location, good light is the one thing that every buyer cites that they want in a home. Take down the drapes, clean the windows, change the lampshades, increase the wattage of your light bulbs and cut the bushes outside to let in sunshine. Do what you have to do make your house bright and cheery – it will make it more sellable.
Selling Secret #7: Play the agent field
A secret sale killer is hiring the wrong broker. Make sure you have a broker who is totally informed. They must constantly monitor the multiple listing service (MLS), know what properties are going on the market and know the comps in your neighborhood. Find a broker who embraces technology – a tech-savvy one has many tools to get your house sold.
Selling Secret #6: Conceal the critters
You might think a cuddly dog would warm the hearts of potential buyers, but you’d be wrong. Not everybody is a dog- or cat-lover. Buyers don’t want to walk in your home and see a bowl full of dog food, smell the kitty litter box or have tufts of pet hair stuck to their clothes. It will give buyers the impression that your house is not clean. If you’re planning an open house, send the critters to a pet hotel for the day.
Selling Secret #5: Don’t over-upgrade
Quick fixes before selling always pay off. Mammoth makeovers, not so much. You probably won’t get your money back if you do a huge improvement project before you put your house on the market. Instead, do updates that will pay off and get you top dollar. Get a new fresh coat of paint on the walls. Clean the curtains or go buy some inexpensive new ones. Replace door handles, cabinet hardware, make sure closet doors are on track, fix leaky faucets and clean the grout.
Selling Secret #4: Take the home out of your house
One of the most important things to do when selling your house is to de-personalize it. The more personal stuff in your house, the less potential buyers can imagine themselves living there. Get rid of a third of your stuff – put it in storage. This includes family photos, memorabilia collections and personal keepsakes. Consider hiring a home stager to maximize the full potential of your home. Staging simply means arranging your furniture to best showcase the floor plan and maximize the use of space.

15 Home Staging Secrets

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Get expert advice on how to highlight your home’s strengths.

Selling Secret #3: The kitchen comes first
You’re not actually selling your house, you’re selling your kitchen – that’s how important it is. The benefits of remodeling your kitchen are endless, and the best part of it is that you’ll probably get 85% of your money back. It may be a few thousand dollars to replace countertops where a buyer may knock $10,000 off the asking price if your kitchen looks dated. The fastest, most inexpensive kitchen updates include painting and new cabinet hardware. Use a neutral-color paint so you can present buyers with a blank canvas where they can start envisioning their own style. If you have a little money to spend, buy one fancy stainless steel appliance. Why one? Because when people see one high-end appliance they think all the rest are expensive too and it updates the kitchen.

Painting Kitchen Cabinets

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Update the look of your kitchen with these pro tips.

Selling Secret #2: Always be ready to show
Your house needs to be “show-ready” at all times – you never know when your buyer is going to walk through the door. You have to be available whenever they want to come see the place and it has to be in tip-top shape. Don’t leave dishes in the sink, keep the dishwasher cleaned out, the bathrooms sparkling and make sure there are no dust bunnies in the corners. It’s a little inconvenient, but it will get your house sold.
Selling Secret #1: The first impression is the only impression
No matter how good the interior of your home looks, buyers have already judged your home before they walk through the door. You never have a second chance to make a first impression. It’s important to make people feel warm, welcome and safe as they approach the house. Spruce up your home’s exterior with inexpensive shrubs and brightly colored flowers. You can typically get a 100-percent return on the money you put into your home’s curb appeal. Entryways are also important. You use it as a utility space for your coat and keys. But, when you’re selling, make it welcoming by putting in a small bench, a vase of fresh-cut flowers or even some cookies.

Curb Appeal Tips

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See how to make the all-important first impression.

Source: Staging Tips for Selling During the Holidays | Real Estate Tips | HGTV

Should You Take Out a 30-Year, 20-Year, or a 15-Year Mortgage?

Life isn’t all about money, but making things easier on yourself financially is also not at it’s core a bad idea. Considering buying power can seem confusing, but just remember that the shorter the loan the more money you keep – and it’s on an inflationary scale.

-Grady

Should You Take Out a 30-Year, 20-Year, or a 15-Year Mortgage? 
(Via: Certysfinancial.com)

When applying for a home loan, one of the primary questions you must answer is whether to choose a 15-year, 20-year, or a 30-year fixed mortgage. All three options have their merits and flaws, and with interest rates at near historic lows, it is an excellent time to apply for or refinance to a 15 or 30-year mortgage, or even the less common but very sensible 20-year mortgage. Rates are great, but which is the best option? Not surprisingly, it depends on your personal goals and your financial situation.
Let’s look at a simple chart comparing the costs of 15-year, 20-year, and 30-year loans.

Mortgage type chart

Before we get to the numbers in the chart above, it is important to understand that numbers can be misleading. Before we discuss everything else on the chart, it is important to get one thing clear. If you cannot afford the monthly payment of the 15-year term, then you should not apply for such a short loan. Everything else is dependent upon your personal financial goals and lifestyle, but that is a hard and fast rule. If you can’t afford to make a payment, don’t take out a loan. That said, if a 15 year mortgage is only a little outside your comfort zone, you should definitely consider a 20 year term – you save much more than a 30 year and the increase in payment might be in your comfort zone.
Now, let us assume you can easily afford the payments for the 15-year and the 30-year length. On the surface, you have savings of over $80,000 when you take out a 15-year loan vs. a 30-year one, but hold on, you are making a payment that is $479 more than you would for the 30-year. If you invested that amount each month over the same time at 7-percent interest, you would have a comfortable nest egg of just over $408,000. That’s over 5 times as much as you would save over the life of your loan.
Of course, you have to take into account 2 things when discussing potential investments or savings. First, are you the type who can consistently put back $479 a month or will you spend it? Second, what if you paid off your home in 15 years and could invest the entire $926 for 15 years? Well, you would come out at just over $132,000 profit. That is significantly less than $408,000, but you would own your home. You would not be in any danger of losing your job and then the family home.
As you can see, the mortgage term you choose depends on your lifestyle and financial plan. If you are a person who can consistently save and not spend money, a 30-year term is likely the right choice. If you are a person who may or may not be able to save but hates being in debt to anyone, a 15-year term will allow you to pay off your home loan quickly, secure an asset, and move on to other things. The 20-year mortgage could give you the best of both.
Grady Carter

Realtor®, GRI
Metro Brokers of Oklahoma
Lic. #160723
(405)474-2905
www.HomeBoyOK.com

 

Current Mortgage Interest Rates | Bankrate.com

So, it finally happened… Interest rates have gone up a little bit. To keep this in context they have been at historical lows, but that doesn’t mean that you shouldn’t still want a low interest rate – heck I do! When rates are low prices go up, and when rates are high prices tend to stagnate in growth. So, prices have been a little higher lately due to a longer period of very low interest rates. In a market like central Oklahoma prices don’t really baloon like other markets, so we really aren’t talking about something akin to a housing bubble like you might’ve heard about on the national news (we don’t tend to make the national news outside of weather and football). Well anyway, here are the current rates, and if you have more questions about all of these feel free to contact me, or your mortgage banker, but I would recommend actively educating yourself now if you’re considering a move in the not so distant future.

*This chart below might look like it represents a major spike, but as far as the long term average goes this is not a significant hike. However it does show a trend that must be paid attention to.

screen-shot-2016-12-05-at-5-28-03-pm

Current mortgage interest rates
3-month trend 30-year fixed 15-year fixed 5/1 ARM 30-year jumbo
11/30/2016 4.13% 3.39% 3.48% 4.09%
11/22/2016 4.1% 3.33% 3.44% 4.08%
11/16/2016 4.01% 3.21% 3.39% 4.01%
11/9/2016 3.73% 2.97% 3.15% 3.73%
11/2/2016 3.69% 2.96% 3.14% 3.74%
10/26/2016 3.64% 2.93% 3.11% 3.67%
10/19/2016 3.64% 2.93% 3.1% 3.63%
10/12/2016 3.62% 2.91% 3.12% 3.64%
10/5/2016 3.56% 2.85% 3.07% 3.58%
9/28/2016 3.54% 2.82% 3.04% 3.54%

New Listing! – 1301 Houser, Blanchard

Here’s a great new listing that I’m excited to get someone into before Thanksgiving and Christmas roll around!

https://goo.gl/HZg1Ux

This is that pretty little thing we've got listed down in Blanchard. It only takes 15 minutes to get to West Lindsey Street in Norman, and it provides quick access to OKC on the H.E. Bailey Turnpike. So if you're looking for a little extra space this could be your ticket!

Grady Carter
Realtor®, GRI
Metro Brokers of OK
Lic. #160723
(405)474-2905
www.HomeBoyOK.com

Posted by Grady Carter – Home Boy Real Estate on Wednesday, October 12, 2016

 

30 Vanity to Furniture Conversions – Houzz

I’m not very handy, but I do think that these are pretty cool 🙂