Friday, August 21, 2009
Section 184 Native American Loans
We started work today on a series of videos to help home buyers understand the steps needed to get a home loan. Our first clip is from Kenneth Wohl at Spirit Bank, a lendor I highly recommend to buyers.
In this short clip Kenneth talks about a special FHA loan for Native American's. The loan is like a typical FHA loan with the exception there is no mortgage interest, meaning the monthly payments are less for the buyer. Click below to play the video, and watch for more videos as we get them produced.
In this short clip Kenneth talks about a special FHA loan for Native American's. The loan is like a typical FHA loan with the exception there is no mortgage interest, meaning the monthly payments are less for the buyer. Click below to play the video, and watch for more videos as we get them produced.
Wednesday, August 19, 2009
Edmond Real Estate Holding Up Despite Increased Oklahoma Foreclosures
Watching television or reading the national newspapers, you would think the local real estate market has been in a total meltdown for the past year. Not so in Edmond. While home prices are down ever so slightly, the Edmond market is holding up well despite an increase in foreclosures in Oklahoma. According my fellow RE/MAX Realtor Brian Preston, who produces the Edmond Market Report each month, the average home sale price in Edmond was $244,275 for July, compared to $225,577 in January. New home prices were down just a bit, from $255K in January to $254K in July. Total sales have doubled since January, which is not unusual for the summer months.
This article also says Oklahoma home foreclosers are holding steady at a time when other regions of the country are increasing.
While it is clear the Edmond marketplace is a buyer's market, it is still a good market for sellers. Prices are holding steady, yet buyers have a lot of homes on the market to choose from. This means sellers must make sure their homes stand out with proper upkeep, maintenance, and decor, yet they don't have to take a huge loss just to sell their home. So whether you are a buyer or seller in Edmond, it is a good time in a troubled market.
This article also says Oklahoma home foreclosers are holding steady at a time when other regions of the country are increasing.
While it is clear the Edmond marketplace is a buyer's market, it is still a good market for sellers. Prices are holding steady, yet buyers have a lot of homes on the market to choose from. This means sellers must make sure their homes stand out with proper upkeep, maintenance, and decor, yet they don't have to take a huge loss just to sell their home. So whether you are a buyer or seller in Edmond, it is a good time in a troubled market.
Tuesday, August 18, 2009
RE/MAX in Fortune Small Business
As an entreprenuer, I enjoy reading Fortune Small Business, which comes in the mail once per month - free. Today I sat down with my latest copy and viola, a story about how RE/MAX, who Fortune calls "the world's largst real estate brand", got their start.
Click for RE/MAX Story in Fortune Small Business
"When we launched in January 1973, the competition feared we'd steal their best talent." - Gail Main
Labels: Edmond, RE/MAX, real estate
