Posts

Save money with the simple

One of the most frustrating things is having to call a service company. Then, their repair takes 5 minutes, but you pay $130? They tell you, ” Oh, it was a simple fix.” In this article we will look at some simple money-saving repairs you can make at home.

Save money with the simple

  • Running toilet – Most plumbing companies will charge a service fee between $80 and up to $130 just to come to your house! Nine times out of ten, a toilet that will randomly turn on and then turn off, has a faulty flapper. The flapper is the rubber seal that lifts when you flush, emptying the tank into the bowl. When the flapper isn’t sealing properly, water will leak from the tank into the bowl. As it falls below the fill level, it will trip the fill valve float, turning on the water to fill back up again. A standard flapper is around $5 and takes about 2 minuets to install, saving you lots of money!
  • Garbage Disposal – Most disposals come with a disposal wrench that fits into the bottom to manually turn it when it jambs. If your disposal is humming, this is likely your problem. If it does nothing or the chamber spins freely, check the red reset button underneath before calling a plumber.
  • Lock Trouble – Is the deadbolt hard to move with the key? Try to spray the lock and key with some WD40. Work the key back and forth in the lock and it should loosen right up!

These are just a few simple tips that you can help you to save big bucks on your home, weather you are selling, a new homeowner, or you’ve been there a while.

How to avoid a money pit

Unless you’re in the business of flipping houses, you don’t want to buy a money pit! In this article, we will look at some of the major issues of  a house to consider before your purchase.

How to avoid a money pit

The worst thing in the world is to buy something, only to find that it will cost you much more money than you’ve already spent. In this article we are going to look at a few of the major cost issues of a house to be aware of before your purchase.

  • Age – Was it built before JFK was president? The older the home, the more the upkeep and maintenance costs. Remember, when you’re excited about those “antique” fixtures and charm, that just means they are old! The older it is, the closer to replacement.
  • Plumbing – Be mindful of the plumbing condition. Are the drain pipes cast iron, do you see signs of leaking, how old is the water heater? Did you know the life expectancy of a solder joint in a copper water line is at least 50 years with good water condition?
  • Heating and Cooling – Replacing a furnace or A/C unit will cost thousands of dollars! If you are old enough to buy a home and they are older than you, it’s time to replace them.
  • Electrical – Electrical code has changed a lot since the 1970s! If  you notice an old breaker box, or the house is full of two prong, ungrounded outlets, an update is needed.
  • Foundational – Cracks in the foundation can lead to structural issues and even water damage. This is a major cost, and one to consider when purchasing a home.

Buying a house is a huge decision! Make sure you are armed with enough information so you don’t get caught in a money pit!

Mortgage- Piggy Bank- OKC Realtors

OKC Realtors Explain Bank Loans Vs. Mortgage Company Loans

OKC Realtors Discusses Mortgages

Our OKC realtors are required to know and understand a great deal about how homebuyers can obtain financing for a home loan.  We often have to help many homebuyers through the process of deciding which ways to obtain a loan is the best for them. Today, to help you determine which path might be best for you, our OKC realtors are going to explain a little about bank loans versus mortgage company loans.

1.) Bank Loans: This is a very common method for both OKC realtors used to working with banks and for many homebuyers. For many buyers, going the bank route could be the quickest and easiest option, because the bank you have your money with should already be pre-aware of your financial cash flow. In some cases, there are lower interest rates by working with a bank for your loan. Plus, if you have your banking account where you have your mortgage account it could make life a little simpler for you with options to set up automatic payments from one account to the other.

2.) Mortgage Company Loans: Our OKC realtors know that sometimes mortgage brokers will actually offer lower rates than the bank, but you have to check. Homeowners like to go to mortgage companies when they don’t want to go through a bank, or simply can’t get financing through the bank. Mortgage companies often have more options on the table for the “little guys”. It’s natural for the big bank mentality to scare some people so they turn to mortgage companies which are seemingly less bureaucratic.

Either way, the bottom line is that our OKC realtors believe that most investors with multiple home buying opportunities may be better off going the bank loan route, while single homeowners may be better off going the mortgage company route to obtain their loan. No matter which route you choose to go, don’t settle with just one opinion if you aren’t fully satisfied that they’re being as helpful as they could be.

If you have any questions about buying a home, Metro First Realty is here to help! Don’t hesitate to give our OKC realtors a call at 405-242-4004.

Buying-A-Home-OKC Realtors

OKC Realtors 3 Financial Tips For Buying A Home

OKC Realtors Preparing You For Buying

It’s now the prime season for real estate! While our OKC realtors will be busy doing what we love best, we know a lot of our customers are are going to busy thinking about buying a new home. Before you can really start thinking about getting into a home loan situation you have to prepare yourself a little bit. That’s where today’s topic comes into play. Our OKC realtors want to share 3 financial tips with our readers which may help better prepare you before you get caught up in the home buying process.

1.) Monitor Your Credit Score: The fact is that you’re going to be better off dealing with loan officers if you have a decent credit score. To get the most value out of the deal aim for a score over 500. The higher the credit score, the most likely it is that your monthly payment will be lower.

2.) Consider Your Down Payment: A lot of  people aim pretty low when it comes to down payments, because moving in itself can be a big expense. Of course, it’s wise to set aside as much as you can to help with your monthly payment situation, as well. Paying at least 5% down is suggested, but it also depends on the cost of the home you’re interested in as higher priced homes may require a bit more capital up front.

3.) Set Aside A Closing Cost Fund: Many times buyers will ask sellers to pay the closing costs and a lot of them will, but in the event that this negotiating ploy doesn’t work out in your favor it would be wise to have a bit of extra money set aside to pay those costs yourself.

Our team of OKC realtors understand that buying a home is one of the largest investments you and your family will ever make, so we want to be certain that you’re truly ready. If you have taken care of all three of the above mentioned financial tips then you just might be ready to get a home loan!

Buying a home has quite a few other steps you might need to consider. Our OKC realtors would be happy to help you get everything in order including helping you to find the best home for your needs!

If y0u need us or want to know more, give our OKC realtors at Metro First Realty a call at 405-242-4004.