Category: Uncategorized (52)

Are you currently shopping for a home or planning to do so soon? If so, it’s crucial to understand the importance of your credit score.

In addition to having a down payment, a first-time home buyer will need a decent credit score. This three-digit number is a numerical summary of your credit report, a detailed document outlining how well you’ve paid off past debts like credit cards and college student loans.

A lender will check your score and report to estimate the odds that you will deliver your monthly payment, too.

In turn, the lender will use this info to decide whether or not to loan you money, as well as how much and at what interest rate. If a lender sees some late payments on your credit cards or other blemishes in your credit report, this can lower your odds of getting a loan with a great interest rate, or perhaps even jeopardize your chances of getting any loan at all.

What are some extra steps you can take to sell your home faster? Consider these 3 tips!

1. Clean up your surfaces. Along with kitchen counters, areas such as coffee tables, desks, and dressers should be clutter-free. This will allow potential buyers to focus on the layout of the home, and not be distracted by personal items.

2. Remember the doorway! A buyer will get their first impression of your home from the doorway, so consider staging a few plants on your porch to make your home look inviting.

3. Make your place “Q” tip clean. If you were selling your car, the first thing you would do would be to have it completely cleaned up, inside and out. A home is no different and it goes beyond simply making a presentation. Buyers will wonder what other, less visible problems might come with an unkempt property.

For additional tips, follow our page on facebook (The Bigelow Group / Coldwell Banker Select)! We look forward to sharing ideas each week to ensure your property is top of mind for potential buyers.

Here are four tips to help ensure it’s a smooth experience!

1. Work with an experienced real estate agent who knows the area where you’re most interested in buying. They will be able to answer questions about the home and the area it’s located in such as school districts.

2. Consider different loan options when shopping for a mortgage. There are many types of loans, and it’s important to make sure you understand the pros and cons of each.

3. Get your finances in order before you start looking at homes. This will help you find the right home that’s in your price range.

4. Make sure all of your documents are in place. You’ll need them when it comes time to close on your new home. Not sure what you need to bring? Send us a message and we will share a list of what you should bring with you.

If you’re looking to purchase a home, send us a message! We are happy to provide you with all the tools needed to ensure you find the best home that meets your needs.

A Homestead Exemption is an exemption of $1,000 of the assessed valuation of your primary residence. This is a savings of approximately $91 to $142 depending on where you live in Tulsa county. 

Do I Qualify For Homestead Exemption In Tulsa County?

· You must be the homeowner of record who resides on the property by January 1.

· The property deed must be notarized on or before January 1 and filed with the County Clerk’s Office on or before February 1.

· You must be a resident of Oklahoma.

How to Apply for Homestead Exemption in Tulsa County?

· Online: To apply for Homestead Exemption online, visit www.assessor.tulsacounty.org/exemption/homestead. Find the property using the Property Search and then click “Actions”.

· In Person: You may apply at the Tulsa County Assessor’s Office between 8:00-5:00 Monday-Friday (excluding holidays) between January 1 and March 15 or within 30 days from the mailing date indicated on the “Notice of Increase in Valuation of Real Property”. The Office is located at:

Tulsa County Headquarters, 5th Floor

218 W. Sixth Street

Tulsa, OK 74119

· By Mail: You may download and fill out the Homestead Exemption Application and return it by mail to this address.

John A. Wright, Tulsa County Assessor

Attn: Taxpayer Services

Tulsa County Headquarters, 5th Floor

218 W. Sixth St.

Tulsa, OK 74119

 

How Do I Renew My Homestead Exemption In Tulsa County?

You are not required to apply for Homestead Exemption each year if you have been granted a Homestead Exemption and continue to occupy the homestead property. However, if you change your deed or move you will need to file a new application.

If you’re buying a house, you have the right to hire a home inspector that will check it out and make sure it’s in decent shape. To ensure you get the most out of your home inspection here are some questions to ask.

“What is actually covered in a home inspection”?

Each home inspection company is different and offer different packages that cover different items. Some are general home inspectors, while others are licensed structural engineers. Your real estate agent should be able to recommend several different ones for you.

“What do home inspectors check”?

Home inspectors are restricted to a visual inspection only. For example, they can’t cut a hole in somebody’s wall. Based on what they see, they may recommend a specific licensed professional such as a roofer, HVAC person or electrician to come back and do a more detailed examination.

It’s also important to understand that they’re looking at what exists in the house the day of the inspection. They cannot predict the future. Here is a list of items a general home inspector looks at.

  • Structural inspection / cracks in walls, brick, rock, attic framing, joists.
  • Signs of water damage – such as warped walls and sloping floors.
  • Adequate water pressure. Is a pressure test recommended?
  • Issues with major components (e.g. furnace, water heater). Are they in “normal working order”.
  • Leaks (outside faucets, under sinks, tub/shower drains).

“Can I come to the inspection”?

Any good inspector and real estate agent will want you, the prospective owners to be present at the inspection. Seeing somebody explain you’re houses systems and how they work, will always be more valuable than reading a report, and it gives you the opportunity to ask questions and get clarifications in the moment.

“How long will the inspection take”?

Inspections often take place during the workweek, and without the seller present. The sellers’ agent may be there though. Knowing how much time you’ll need to block out will keep you from having to rush through the inspection to get back to the office. Most inspections last 1 1/2 – 2 hours for a group of inspectors up to half a day for a solo inspector. It will also depend on the condition of the house.

“Is this a major or minor issue”?

For most people, people buying real estate is the biggest purchase they’ll ever make. It’s not uncommon to get worried over terms like “foundation issues” or “roof problems”. In most cases, though, these issues aren’t as intimidating as they seem.

The important question to ask a home inspector is whether the issues is major or minor. By doing this, you could end up asking the seller to make a $100 repair rather than backing out of the deal of a lifetime.

After the inspection

At the end of the inspection, the inspector(s) should give you, a summary of what was found. You’ll get a written report usually 24-48 hours later, but this time is a great moment to get clarity on what the inspector thinks are the house’s biggest issues, and whether they need further investigation. Your official home inspection report will have more details along with photos.

You should walk away from inspection day with a mental punch list of things that need to be addressed by either the seller or another expert before closing and what you can do after the purchase. In some states, there’s a limited amount of time for these negotiations to happen, so you and your agent will need to act quickly. In Oklahoma, the standard timeframe is 10 days to complete all inspections and turn in a TRR (treatment, repair, replacement) form.

MEET THE TEAM:

Whether you’re moving across town or across the country, looking for your first place, your dream home, or an investment property, The Bigelow Group, Jim Bigelow and his daughter Lindsey Stucky are here to support you!

Combining a long-standing connection to Tulsa and surrounding markets with an energetic and hands-on approach to marketing and negotiating, our team of agents are ready to provide you with exceptional representation.

What makes us different? We partner with you every step of the way to ensure you have the best possible experience.

Send us a message and let’s get connected!

Oklahoma law allows the owner(s ) of real estate property to file for and receive homestead exemption on that property if they were the owners of record on January 1st and are living in that property. In addition, the homestead exemption establishes a legal record of homestead on a residence and provides some legal protections from creditors. Furthermore, having the homestead exemption will save the homeowner $85-$136 per year in taxes.

If you would like to know if you currently have Homestead Exemption on your home, or how to file for Exemption, contact me. You have until March 15, 2023, to file for exemption for 2023. If you have previously filed for the Homestead Exemption on your current residence, you do not need to file again.

The Tulsa County Assessor’s office has a website that allows taxpayers in Tulsa County to download the forms for filing the Homestead Exemption. The website address is http://www.assessor.tulsacounty.org. With the website, Tulsa County taxpayers no longer have to go downtown to the Tulsa County courthouse to file for the Homestead Exemption. You can simply download the application, complete and mail it to the Assessor’s office. Don’t forget, the deadline for filing for the Homestead Exemption for this year is March 15, 2023.

Are you currently making your New Year’s resolutions list? Here are 4 to include for your home! These resolutions will have an immediate impact on your daily quality of life and help you go into the new year worry-free.

• The Kitchen
If you consider your kitchen the beating heart of your house, cook up some ways to perform preventative maintenance on your appliances. Machines that receive the brunt of day-to-day use (the refrigerator, dishwasher. and stove) deserve a deep cleaning and a checkup. Make sure to thoroughly clean behind and underneath them and address any operational issues so you can plan for necessary repairs or replacements!

• Living Spaces
There’s nothing quite like settling into a room that’s refreshed from top-to-bottom with spotless windows and floors. Consider renting a floor cleaning machine or scheduling professional services. Furniture with upholstery should get a good steam treatment, and walls could likely use a wipe-down to erase smudges and stains. Once you’re finished, your home will look and feel as good as new.

• Garage
Whether it’s your hobby space, tinkering spot, or storage for miscellaneous items, the garage is often looked over when it comes to home upkeep. Take inventory of everything inside your garage. If you have any unwanted items, set them aside for donation. For everything else, reorganize and declutter by prioritizing items you use often and storing away items that are used sparingly.

• Exterior
Are there leaves or debris still sitting in the gutter? Should a pressure washing be scheduled in the upcoming months? Could the landscaping use a touch-up? Now is the time to create a game plan so you can tackle these projects one by one!

And how to avoid them

When a buyer is searching for a home, gut instinct and first impressions are crucial to making a positive impact. Here is our list of pet peeves that turn buyers off — and how to avoid them when selling your home.

1. Masking Issues
Whether it is odors or a failed foundation, masking potential issues to gain a quick sale could be a very costly gamble. If there are serious defects that you know about, a buyer could back out of the deal at the last minute, ask you to fix the issue, or worse — involve you in a legal battle long after the deal should be done. Consider hiring a qualified home inspector to conduct a pre-sale inspection.

2. Overpricing Your Home
Ensuring your home is appropriately priced before hitting the market is an important factor in achieving a timely sale. Working with a knowledgeable agent — and trusting their advice — is your best bet in ensuring your home sells for what it’s worth.

3. Not Preparing Your Home for Sale
Buyers need to picture themselves living in your home. Giving them a clean, decluttered, and neutral space is essential. An abundance of knick-knacks, or greatly loved (but really worn out) furniture can be distracting, so consider packing them up before you list.

4. Making Showings Difficult
While keeping your house ready for showings and open houses can be stressful, the longer your home sits on the market, the more you will have to do it. Being inflexible with requested showing times or demanding to be present during showings can actually harm the sale process rather than help it and may top a buyer’s list of pet peeves.

5. Not Considering Your Pets
While your pets have a special place in your heart — and your home — not every homebuyer will share your view. When preparing for viewings be sure that your pets are appropriately contained, so as not to disturb buyers who want access to all parts of your home. If possible, removing pets from the premises completely is preferred, but if you can’t do that, ample warning through your agent is a must.

Does your home still fit your needs or is it time to think about the benefits of buying a new one as you enter the next phase of your life? Whether you’re looking for more space to raise a family, or downsizing due to unused space it might be time to think about rightsizing your home.

Before deciding whether to right size, ask yourself questions like:
– Are there areas of the house that are rarely used?
– Do I need space for a dedicated office?
– Does my kitchen feel too big or too small?

If you find your current home doesn’t support your lifestyle or future plans, it might be time to consider purchasing something new.