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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!

OKC Realtors: Tips for first time home buyers

OKC Realtors: Handy tips for the first time home buyer

Buying a home can be a lengthy process. Some even find it scary. It takes a large amount of money and resources to buy a home and getting a bad deal can leave you stuck in bad way for years, even decades. OKC Realtors has some tips for the first time home buyer to make sure you get the best deal possible.

Save for a down payment early: The common rule for a down payment on a house is 20%. But most lenders will let you buy a house with a down payment with a little as 3% down. But these smaller down payments often mean larger higher costs overall and having to buy private mortgage insurance. Start saving early so you can keep your options on the down payment open.

Check your Credit (But not too much): When your getting approved for a loan, your credit will be one of the key factors in determining if your approved or not. It also helps determine interest rates on these loans. So be sure to check it before applying for a loan. Dispute any errors in your credit report and see if you can raise your score by paying off outstanding debts. It’s important to not obsessively check your credit score though, as multiple checks can lower your credit score. Once or twice shouldn’t hurt though.

Pause any new Credit activity: Any time you open a new account, whether it be for a new car loan or a credit card, the lender will check your credit score. This can actually temporarily lower your credit score. So be sure to stop any new credit activity before you start looking for a house.

If your looking for a new home, let the experienced realtors at Metro First Realty, OKC Realtors, help you find the perfect home.

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OKC Realtors: Does your lawn affect your home value?

OKC Realtors: How does your lawn affect your property value?

If you’re looking to sell your home, you might know to update the appliances, fix the fence, and touch up the paint job among other things. But have you ever considered your lawn? Have a look at your lawn now, how is it? Is it clean cut or wild? Are there weeds you haven’t gotten around to exterminating yet? Are there any flowers in your garden? If your lawn is a mess it can actually affect the value of the home it’s in front of. OKC Realtors explains how.

Keeping your lawn in top shape will help you with one of the most important aspects of a home, the first impression. If someone is looking at homes a nice, well-kept lawn will help differentiate you from the other homes the buyer is looking at. If two homes have equal value, the one with the nicer lawn will leave a nicer first impression. In many cases, a well-kept lawn can actually raise the dollar value of your home!

Similarly, leaving a good first impression also does wonders to set expectations for the buyer. This plays of what psychologists call The Halo Effect, where characteristic influences a person’s opinion of all other characteristics related to it. If you’ve got a well-kept lawn, a potential buyer will think more highly of your home because of the halo effect. If your lawn is on the wild side though, the opposite will be true regardless if your house is spotless and up to date.

The lawn is an important part of the home even though it exists outside it. Taking the time to care for and groom your lawn can pay massive dividends when you decide to sell. If you are looking to sell, let Metro First Realty, OKC Realtors, help you find the perfect home.

OKC Realtors

OKC Realtors: The most vulnerable parts of your house Pt. 2

OKC Realtors has some more home weak points and how you can strengthen them

Last time OKC Realtors went over some security weak points in homes, this time we’ll go over a few more.

Windows: Windows are vulnerable because it’s easy to forget about them as a homeowner. Often times we leave them open during hotter months or during nice days to let some natural air in. Sometimes, we can forget to close them leaving an easy entrance for an opportunistic burglar.  In older homes, the glass can become weak and brittle with age making it easy for a burglar to smash through. Older windows can also have weaker locks that can be easily forced. In order to strengthen windows, maintain them with regular repairs and replace old windows as soon as possible. If you can’t replace old windows for whatever reason, install new window locks that can be seen from the outside. These locks will slow down and potentially even stop a would be burglar.

Side Yards: Side and back entrances are a favorite of burglars. Homes next to alleyways can be especially vulnerable as these features grant easy, hidden access to your home. There are a few ways you can help make these easy entrances a little less enticing. First of all, installing stronger locks on your back entrances will help deter burglars. Building a fence, if possible, is also another great way to limit access. Installing motion activated floodlights can also help deter would be criminals. A cheap way to deter burglars is to install some fake security cameras. Just having them there will deter some burglars, it doesn’t matter if they work or not.

Keeping your home safe is one of the biggest responsibilities as a homeowner, and now you’re a little better prepared to keep you and your family safe. If your in the home for a new home give Metro First Realty, OKC Realtors, a call today at 405-242-4004.

OKC Realtors

OKC Realtors: The most vulnerable parts of your house

OKC Realtors: What parts of your house are most vulnerable to break-ins

We all want to make sure our homes are as safe and secure from burglars as possible. But which parts of our home are most likely to be targeted by a burglar? OKC Realtors has some answers and some DIY tricks to help strengthen these weak points in your home.

The Front Door: It might seem paradoxical at first, a burglar trying to remain hidden busting into your home right through the front door. Sadly however, that’s how many choose to do it. Many homes have features that can help hide a burglar as they break into your home. recessed doorways, nearby trees, and potted plants can all hide a smart burglar just long enough to get into your home. The key here is to make your front door more visible. Lights are the best way to do this. Painting the door a bright color is another way to make it less appealing to burglars. “Beware Dog” signs and stickers can also deter some burglars not wishing to get chomped.

Specialty Doors: By specialty doors we mean things like sliding glass doors and French doors. These can be a beautiful addition to any home, but they are also particularly vulnerable to burglars. One of the many small glass panes on a French door can be busted open and the lock undone. Sliding doors might have tougher glass, but they can be undone with something as simple as a screwdriver. These doors can be strengthened in a couple of ways. When installing locks on French doors, make sure the locks are at least 36 inches away from the glass panes. For sliding doors, a simple, sturdy rod placed in the track can stop a burglar in their tracks.

These are just a couple of ways you can make your home burglar proof. If your in the market for a new home, give Metro First Realty, OKC Realtors, a call today at 405-242-4004.

 

OKC Realtors

OKC Realtors: Is a Fixer-Upper for you?

OKC Realtors: Should you buy that fixer-upper?

It can seem romantic, a beat-up old house sitting in a quaint neighborhood. You eye it while house-hunting and get an idea. You’ll buy this old, run-down house and renovate it to look better than new! And it’ll be cheaper than buying a new home! Well, it might be! But there are some factors to consider. If you want it for some of the reasons below, then OKC Realtors says goes for it!

Because it’s a bargain: The obvious reason you want to but a fixer-upper is that it’s a bargain. Fixer-Uppers are often cheaper than buying a new home. But, as the name suggests, it needs work. Before you buy, make sure the home’s needed repairs aren’t going to be too expensive. Having good DIY skills also helps keeps these costs down. Speaking of DIY

Because you want a DIY project: Doin many of the repairs yourself not only keeps costs down, but it can be a great way to add character to you home and make it truly yours. Some people love the challenge and freedom that comes with doing these repairs and renovations. If your DIY skills are not as good as they could be, you’ll have to pay for more professional help which may drive up the price of this bargain fixer-upper.

You want to flip the house for profit: Buy low, sell high, some of the oldest advice you can get. Buying a fixer upper can be one of the easiest ways to make a profit on a house. Assuming you can do most of the renovations your self and the house itself hasn’t degraded too much, buying a fixer-upper can be a really solid investment.

If your looking for a home in the OKC area, give Metro First Realty, OKC Realtors, today at 405-242-4004!

OKC Realtors

OKC Realtors: The best time to buy a house?

OKC Realtors lay out the best time of the year to buy a new home!

Buying a new home is a process. Finding the right home, in the right neighborhood, with the right neighbors is just the beginning. After that you’ve got to deal with making the down payment, hiring movers (or prepping to move it all yourself), and making sure all the little things are in order for your move. Your considering a lot of factors, but have you ever considered when your buying your home? When is the best time of the year to buy a new home? Well, Metro First Realty, OKC Realtors is here with the answer.

You may notice that alot of houses come up for sale in the spring. Houses get built, deals are signed, and people are looking for a fresh start. It’s nice outside so moving isn’t as much of a pain. There are alot of reasons why the housing market tends to spike in the spring. Here’s the thing, the spring can actually be the worst time to go house shopping. Why? Because everyone else is also house shopping! The spring selling market is the most competitive time of the year, the chance that someone won’t be looking at the same house you are are slim. These leads to generally higher prices and less favorable deals. Sure Spring is when the largest number of houses are on the market, but that’s also when they’ll be the most expensive!

If your looking for low competition and good deals, then you’ll want to wait for things to cool down a bit, or a lot! Houses drop to a 12 month low in December. Specifically though, buying a house on or around Christmas is the best time for many reasons:

  • People are in a giving, cheery mood because of the holidays
  • There aren’t going to be a lot of buyers competing with you
  • If a person has a home on the market over Christmas, you know they’re serious about selling.

The big key here though, is making sure you’ve got a real estate agent persistent enough to work through the holidays and get you that home! Nobody is more persistent that Metro First Realty, OKC Realtors. Give us a call at 405-242-4004

 

Gutters- Houses For Sale OKC

Houses For Sale OKC: The Importance Of Repairing Broken Gutters

Helpful Tips If You Have Houses For Sale OKC

When you’re selling a home it can make you feel uptight when the home inspector comes around to examine every inch of the home you worked so hard to maintain. Ordinarily, people probably don’t think much about gutters are so necessary. While taking care of houses for sale OKC is our job, our OKC realtors also love providing customers and readers with helpful tips. That’s why we’re explaining the importance of repairing broken gutters before you sell!

With spring here and rainy weather being predicted it’s a good idea to inspect those gutters. If you ignore broken gutters now, when you list your home in the market with all the competition of other “houses for sale OKC” it might get overlooked. Most likely, the task to repair the gutters would be listed in the home inspector’s TRR (Treatments, Repairs, and Replacements) report anyway.

So, why is it such a big deal? The answer is that gutters keep the base of your home from becoming flooded. The flowing of water away from your home also prevents mold from growing due to lingering water puddles. The standing water created by not having gutters could also bring on an infestation of mosquitos and other insects. Furthermore, without gutters the home’s foundation could become cracked on account of the top soil eroding.

The damage caused by clogged, leaking, or broken gutters is more expensive than if you would have just maintained the gutters in the first place. Keeping up with a simple maintenance routine will keep your gutters working properly and avoid the problems we’ve mentioned. Always keep in mind that your gutters should be cleaned at least twice per year (once in spring and once in late fall).

Now that you know why you should have them, we hope you’ll take our advice to keep your gutters looking their best.

If you’re looking for OKC realtors to help you list your home among the other houses for sale OKC, please don’t hesitate to give Metro First Realty a call!

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Top 3 Reasons Houses For Sale In OKC Aren’t Selling

Houses For Sale In OKC: Why Your Listing Is Still Listed

Sometimes it can be nerve-racking when you have houses for sale in OKC, especially if you have one or more listings that haven’t budged in months. There are several factors to consider in instances when your listings aren’t getting swept off the market. If you’ve found yourself in this boat stay tuned to learn more about the top reasons why your listing may still be listed.

The #1 Reason: The top reason why your houses for sale in OKC aren’t being purchased is usually due to the price you have set. Setting your price too high is a common mistake most home sellers make, because they get enthusiastic about selling. Perhaps, it’s that you just didn’t research well enough for the selling price of other homes in the area. This is when having a trusted resource would come in handy.

The #2 Reason: The second most common reason for homes not selling is due to the home not being up to par against some of the newer, shinier looking homes. The condition of your houses for sale in OKC is something to be mindful about as there is a lot of competition out there. Make sure you’ve at least managed to make the floors look decent, the paint job look nice, and the outside absolutely must look good as this is the first impression people will have of the home.

The #3 Reason: Sometimes, it’s nothing you have or haven’t done at all that prevents your houses for sale in OKC from actually selling. The fact is that at times the buying market slows down. Perhaps, this is due to too many houses being for sale at once without enough active buyers. Other times it may be due to the time of year. The best thing to do is either wait it out or lower your price.

If you’re trying to sell your home on your own this could be part of your problem, too. Overall, your listing agent has a lot to do with how well houses for sale in OKC move off the market. You really should try to find an OKC realtor with experience and one that is well respected to help you get your home sold.

If you’re a home seller looking for someone to help sell your property, feel free to give Metro First Realty a call at 405-242-4004 or contact us right here.

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Houses For Sale OKC: Why Buy With Us?

Houses For Sale OKC: What We’ll Do For You

It’s a brand new year and that means a brand new start for many people. If you’re in the market to purchase a new home this year we know you’ll most likely be looking for a reliable real estate company to help you out. When you start looking for “houses for sale OKC” that’s where Metro First would love to come in, but we know that as with any good relationship you first have to trust us. You need to know what exactly it is that we do, because Googling “houses for sale OKC” may get you started, but it won’t get you into the home of your dreams!

Here’s a list of things that, as your broker, we feel you should know about us:

  • We are experts in the Oklahoma Metro Area home buying market.
  • We will assist you throughout the entire home buying process.
  • We will engage in a thorough review of all local area homes for sale and schedule time for you to view these properties.
  • We will help negotiate on your behalf to get the best possible price for your new home.
  • We will provide you with a comprehensive review of the local real estate market.
  • We will help you understand the quality of our local schools.
  • We will analyze your financial situation to help you determine how much you can afford.
  • We can set up appointments for you to see homes that interest you.
  • We will help you complete all the necessary paperwork when it comes time to make an offer.
  • We will help you arrange financing.
  • We will be there at closing to answer your questions and make sure everything runs smoothly.

Doesn’t that sound easier than simply typing in “houses for sale OKC” into a search engine and hoping for the best? We sure hope so! Our OKC realtors are dedicated to doing all the work you need us to do. So, if you really are looking for houses for sale OKC, please don’t hesitate to give us a call at 405-242-4004 or click right here to fill out a form to be contacted later by one our staff members.