The Future Of Real Estate Discusses Why Lock My Rate Now

The Future Of Real Estate Discusses Why Lock My Rate Now


Why Lock in On My Tulsa Mortgage Rate Now?- Right now is the time to make the move if you have been wanting to buy.  Over the last few weeks, the rates have begun to move, which means rates are going up.  Interest rates can make a big difference in your payment.  An interest rate at 4% instead of 5% could mean a $100 price difference in your payment.  Locking in with lower rates can mean that you can get more home for your money or simply have a lower payment.  In the last few years interest rates have stayed low and even continued to go down.  At some point though, the low interest rates reach a floor and really can't go much lower.  There are several things happening that can affect interest rates.  If you are thinking about buying or refinancing, locking in your interest rates now can make a big difference in your payment in the future. 

It is easier today to get a loan than 5 years ago.  If you have had challenges in your past, such as a late pay in the last year or foreclosure or bankruptcy in the last 3-5 years you will be looked at more critically and may not be able to get a mortgage.  If you have fairly good credit you should  be able to get a loan.  If you have had challenges or have a poor credit score, contact us for more information about your situation and how to improve it. To apply for your Tulsa area mortgage, contact TTCU The Credit Union at 918-749-8828 or www.ttcu.com.


Selling Your Home During the Winter-  Many homeowners think that Spring and Summer is the only time to sell your house.  It can be beneficial for homeowners to sell and list during the Winter.  People who are putting their house on the market in Winter are usually doing so because they are serious.  Buyers looking are also generally motivated and have to buy now.  They may be relocating or need a tax incentive.  If you need to sell your house, remember that costs incur while you are waiting for warmer weather.  Also more houses come on the market and more buyers are looking.  Average sellers net more between December and March than in the rest of the year.  As a seller you are likely to net more during the winter because there is less competition. 

As a buyer, realize that in the Spring and Summer you will likely find more overpriced homes.  If you think you got a good deal at 4% off the list price, but it was 5% over market value, so you still paid 1% more.  Now that might be fine, but you need to look at the value you will  get out of the house and compare it to your second choice.  Would you rather have your second choice at a lower price or pay more for your first choice?  What is the better value for you and your family? 

Selling during the holidays and Winter, generally boils down to three benefits:  homes generally have a better price, buyers are more motivated, and there is less competition. For all your Tulsa area real estate needs, contact Brittany of eXp Realty at 918-872-0073 or  Darryl Baskin of eXp Realty at 918-732-9732 or www.darrylbaskin.com.


Tulsa Real Estate Market-  New listings processed year to date is over 21,414. Last year there were about 400 more... the year before that about 600 more.  we have steadily been going down in the number of listings going on the market.  What that means is this: If there is one less house available for you to compete with as a home seller, the ratio is tremendously different for that month you are competing.  Thats what causing a higher demand for property.  Closed listings are up about 400 through October for 2016. These numbers mean we are not seeing huge swings. I am always happy to report about the Tulsa area because we have stable steady movement in the market.  This makes Tulsa a great  and safe place for investors. For all your Tulsa area real estate needs, contact Darryl Baskin of eXp Realty at 918-732-9732 or www.darrylbaskin.com.



Tulsa MLS- Tulsa Real Estate for Sale

1718 N 10th Street Broken Arrow- $220,000- 2548 square feet, 3 bathrooms, 4 bedrooms

2222 W 201st Street Mounds-$639,000- short drive to Tulsa, in Tulsa County, 10 acres, barn, pond, outdoor living/kitchen, mother-in-law suite

Oak Ridge Drive Sand Springs- $64,000- acreage,  short drive to Tulsa

3336 E Marshall Street Tulsa- $381,000- commercial, apartment complex

2222 W 201st Street Mounds-$639,000- short drive to Tulsa, in Tulsa County, 10 acres, barn, pond, outdoor living/kitchen, mother-in-law suite

12005 S 2nd Court Jenks- $499,000- Jenks Schools, 2 story home, walk out basement with workshop, creek, large yard, private

One Address, Thousands of Homes- Home Guide Tulsa


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Phone: 918-732-9732
Dated: December 3rd 2016
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Location & Address

eXp Realty Oklahoma
101 Park Ave Ste. 1300
Oklahoma City, OK
918-707-8641