Wednesday, January 30, 2013

HOME PRICES CONTINUE TO GAIN!


U.S. single-family home prices rose in November, building on a string of gains that points to a housing market that is on the mend, data from a closely watched survey showed on Tuesday.

The S&P/Case Shiller composite index of 20 metropolitan areas gained 0.6 percent in November on a seasonally adjusted basis, in line with economists' forecasts.

"Housing is clearly recovering", David Blitzer, chairman of the index committee at S&P Dow Jones Indexes, said in a statement.

Prices in the 20 cities rose 5.5 percent year over year. It was the 10th month in a row that prices have increased, the longest string of gains since before the market started to turn down in 2006.

The housing market became a bright spot for the economy last year as prices rose and inventory tightened. The sector is expected to contribute to economic growth in 2013.

Information taken from a NBC News article.

Tuesday, January 1, 2013

HOME PRICES POST BIGGEST ANNUAL JUMP IN 2 YEARS!


The recovery in the housing market continues to pick up steam, as home prices posted the biggest percentage gain in more than two years in the latest reading of the closely followed S&P/Case-Shiller index.

This latest rise comes as the housing market has shown numerous other signs of recovery in recent months. A combination of near record-low mortgage rates, lower unemployment and a drop in foreclosures to a five-year low means there are more buyers interested in purchasing fewer available homes. That in turn has lifted prices.

To read the complete CNN article CLICK HERE.

Friday, March 9, 2012

TULSA HOME & GARDEN SHOW 2012

March 8-11, 2012

The Greater Tulsa Home & Garden Show is Oklahoma's largest and longest-running home and garden products trade show, with more than 450 exhibitors. For a one-stop shopping experience for everything you need for your home, garden and so much more, it is the one home and garden show not to miss!

For more information CLICK HERE.

Our real estate website TULSA4U.com.

Thursday, February 16, 2012

CRAZY LOW RATES!

Rate on 30-year mortgage stays at record 3.87%

The average rate on the 30-year fixed mortgage held steady at a record low for a third straight week, offering more incentive to those looking to buy a home or refinance. Mortgage buyer Freddie Mac said Thursday that the rate on the 30-year home loan was unchanged at 3.87%. That's the lowest level since long-term mortgages began in the 1950s. The average on the 15-year fixed mortgage was also unchanged at 3.16%. That's up from a record low of 3.14% reached two weeks ago.

The low rates have done little to boost the struggling housing market. Rates have been below 5% for all but two weeks in the past year. Yet few people can qualify for the rates and many of those who can have already done so.

Information from USA Today Housing Article dated 2-16-12.

Thursday, February 9, 2012

HOMES THAT ROCK!

Blending a home with the natural elements and materials of its environment is one of the foundations of organic architecture, but the process can present challenges when said natural elements are sheer cliffs, massive outcroppings and protruding boulders.  However, REALTOR.com has identified five architectural wonders that buck conventional trends and conform to the tumultuous terrain. Each design is as uncommon as the next, but each shares one distinctive trait: they are homes that rock.

Tuesday, February 7, 2012

16 TIPS ON PREPARING YOUR HOME TO BE PHOTOGRAPHED

We hire OBEO to do our photography on our new listings. They are professional and do a wonderful job putting a home's "best foot forward."  With all the online marketing that we do as real estate professionals, quality pictures are more important than ever.  OBEO recently put together a list of tips on preparing your home to be photographed for marketing.  Below you will find an exert from that article.

1. Have the lawn mowed, leaves raked, bushes trimmed.
2. When in season, flowers can add a gorgeous pop of color.
3. Remove all vehicles from the driveway and front of the house.
4. Make sure all garbage cans, hoses, garden tools etc. are put away.
5. If you will be doing any twilight photos, be sure to check all outdoor lights and change dim or broken bulbs.
6. Remove any “cute” yard decorations the owner may have put out.
7. Remove any “clutter” inside the home, and put away toys, clothing, dishes, towels, etc.
8. Make the beds.
9. The counter tops in the bathrooms and kitchen should be as clean and as empty as possible.
10. Make sure the kitchen sink is empty and all dishes are put away.
11. Hide the trash cans.
12. Hide personal photos.
13. Replace any light bulbs that are out.
14. Remove any decorations or magnets that are on the fridge.
15. Before the photographer arrives, turn on all lights and open all blinds in rooms to be photographed.
16. Put all the toilet seats and lids down.


CLICK HERE for full article.

Tuesday, January 17, 2012

QR CODES...WHAT'S THE POINT?

QR Code to The Butler Team's Website

Consumers want immediate access to what’s relevant
and QR codes are being used to make that possible.

If you’re not yet familiar with QR codes, they’re similar to the barcodes used by retailers to track inventory and price products at the point of sale. The key difference between the two is the amount of data they can hold or share.

Bar codes are linear one-dimensional codes and can only hold up to 20 numerical digits, whereas QR codes are two-dimensional (2D) matrix barcodes that can hold thousands of alphanumeric characters of information. Their ability to hold more information and their ease of use makes them practical for small businesses.

When you scan or read a QR code with your iPhone, Android or other camera-enabled Smartphone, you can link to digital content on the web; activate a number of phone functions including email, IM and SMS; and connect the mobile device to a web browser.

So...download a QR Code app & scan the symbol above & you'll immediately be taken to our real estate website!

Tuesday, December 27, 2011

TULSA AREA EMPLOYMENT OUTLOOK TIED FOR 5th BEST IN THE NATION!

The Tulsa area's employment outlook for the first quarter of 2012 is tied for fifth best in the nation, according to the latest results of the Manpower Employment Outlook Survey.

Read more from this Tulsa World article HERE.

Monday, August 22, 2011

HOUSING STATS JULY 2011




July 2011 has seen some improvements over last July!  Closed listings are up 30% and Pending listings are up 24%!  Average days on the market is only 60 days.  Since 2007 it's stayed between 51 & 56. For additional stats and trends click here.

Thursday, August 18, 2011

SHORT SALES: Buyers & Sellers Find Process Frustrating

Short sales are among the most arduous real estate transactions, often taking six months or more to close -- if they get done at all.

They can be a life raft for distressed homeowners who owe more on their houses than what they're worth, but the experience depends on a variety of factors, such as the number of lenders involved and whether there's a hardship, mortgage insurance attached or whether the buyer has the patience to stay with the process. A short sale occurs when a lender agrees to accept less than what the homeowner owes. The transaction requires that the homeowner has a financial hardship.
 
Homes with more than one mortgage and mortgage insurance tend to take the longest. A growing reason short sale deals fall through or take longer is because of mortgage insurance purchased after the homeowner closes on the deal and the loan is later sold to other lenders and investors. Often, the bank holding the first mortgage isn't made aware that the second mortgage had been insured until the end of the process, even if both loans are with the same lender. If the mortgage insurance company doesn't sign off on the deal, the process starts over again.
 
These kinds of delays mean buyers walk away because of the time and frustration involved.
 
Pitfalls Abound
The federal government's program to streamline short sales -- know as the Home Affordable Foreclosure Alternatives Program -- has yet to gain traction because it doesn't allow the lender to collect on the home's deficiency.

Many Realtors avoid short sales because they can be so difficult, including Michelle Chappell, an agent with Real Living John Burt Realty in Oxford. She sold a home this spring that took eight months to complete. "This was the last one I sold. I said no more. I won't do it," she said. "They are just heart-wrenching for these buyers." Chappell said the buyers looked at 80 houses before seeing "the one. Whatever bad could happen in this deal, happened," Chappell said. "I don't see any change in short sales. I don't understand that. There should be some kind of general process that everyone goes through. It just differs from bank to bank. It's almost as if they are throwing curves in there."

To read the full USA Today story by Greta Guest, click here.

Thursday, July 28, 2011

6 REASONS TO REDUCE YOUR HOME PRICE

Home not selling? That could happen for a number of reasons you can’t control, like a unique home layout or having one of the few homes in the neighborhood without a garage. There is one factor you can control: your home price.

While you’d like to get the best price for your home, consider six reasons to reduce your home price.

These six signs may be telling you it’s time to lower your price.

1. You’re drawing few lookers:
You get the most interest in your home right after you put it on the market because buyers want to catch a great new home before anybody else takes it. If your real estate agent reports there have been fewer buyers calling about and asking to tour your home than there have been for other homes in your area, that may be a sign buyers think it’s overpriced and are waiting for the price to fall before viewing it.

2. You’re drawing lots of lookers but have no offers:
If you’ve had 30 sets of potential buyers come through your home and not a single one has made an offer, something is off. What are other agents telling your agent about your home? An overly high price may be discouraging buyers from making an offer.

3. Your home’s been on the market longer than similar homes:
Ask your real estate agent about the average number of days it takes to sell a home in your market. If the answer is 30 and you’re pushing 45, your price may be affecting buyer interest. When a home sits on the market, buyers can begin to wonder if there’s something wrong with it, which can delay a sale even further. At least consider lowering your asking price.

4. You have a deadline:
If you’ve got to sell soon because of a job transfer or you’ve already purchased another home, it may be necessary to generate buyer interest by dropping your price so your home is a little lower priced than comparable homes in your area. Remember: It’s not how much money you need that determines the sale price of your home, it’s how much money a buyer is willing to spend.

5. You can’t make upgrades:
Maybe you’re plum out of cash and don’t have the funds to put fresh paint on the walls, clean the carpets, and add curb appeal. But the feedback your agent is reporting from buyers is that your home isn’t as well-appointed as similarly priced homes. When your home has been on the market longer than comparable homes in better condition, it’s time to accept that buyers expect to pay less for a home that doesn’t show as well as others.

6. The competition has changed:
If weeks go by with no offers, continue to check out the competition. What have comparable homes sold for and what’s still on the market? What new listings have been added since you listed your home for sale? If comparable home sales or new listings show your price is too steep, consider a price reduction.

Article by G.M.Filisko at http://www.houselogic.com/

Wednesday, July 20, 2011

FEELING THREATENED? How to Use Your Smartphone as a Weapon

A smartphone isn't just for making phone calls. Learn about new mobile apps that can help keep you safe on the job

A range of mobile apps are available — some even designed specifically for real estate professionals — that can do everything from instantly alerting others when you’re feeling threatened to even automatically accessing your GPS coordinates to request help when you need it most. The apps offer discreet ways to call for help when faced in uncomfortable situations, whether encountering squatters in vacant residences, meeting with strangers in empty homes, or even open houses where you never know who will walk through that door next.

Real estate pro Michelle Jones, ABR, GRI, with Realty Austin in Austin, Texas, recently worked with a developer to create Real Alert, a safety mobile app for the iPhone and Android for real estate professionals. She created it after facing some uncomfortable client situations herself that made her begin to question her own safety more. Following recent news of an Iowa real estate agent who was killed at a model home and a San Antonio agent brutally attacked during a showing, Jones’ husband also became fearful of his wife going to showings alone at empty houses with clients she barely knew, and so they came up with the idea for a safety mobile app that would give them both more peace of mind.

“We’re meeting strangers on our job and often we’re alone,” says Jones. “This app can make people feel more secure and it makes you more aware of your surroundings. I’ve been in situations where I’ve been uncomfortable, but I wanted to call for help without alarming the other person. By carrying things that protect ourselves and becoming more aware of the dangers, we’ll be less prey and maybe even prevent more attacks from happening.”

Click here for more information on the 4 safety mobile apps you need to know about:  Moby, Real Alert, Safe TREC, and IcePics.

Story written by Melissa Dittman Tracey at Realtor.org.

Saturday, July 16, 2011

CREATING YOUR DREAM KITCHEN

THE CLASSIC WORK TRIANGLE
Placing your sink, range and refrigerator in a convenient arrangement that fits in your space will naturally result in a "work triangle". Your job is to make that the best triangle possible. Here are some factors to consider:

•The length of the three sides added together should be less than 26 feet, with each side being 4-9 feet. This will give you a work area which is not too cramped, but not so large that you waste time and energy hiking from one place to another.
•Main traffic route should not pass through the triangle. Sometimes this is impossible to achieve, but redirecting traffic outside the triangle is much safer and more convenient for the cook.
•An island or peninsula should not interrupt the triangle. A "barrier island" between major work areas or appliances causes a lot of extra walking (and maybe bumped hips as you swing past the corners of the island on the way to somewhere else).
Kitchen floor plans

However the work triangle in kitchen remodeling is not the only concept...

There's more than one way to approach creating a floor plan for your new kitchen. The classic "work triangle" method dates from the 1950's and involves optimizing the triangle formed by the three main kitchen appliances - sink, range and refrigerator. Your job is to make sure the legs of the triangle are neither too long (too much walking) or too short (everything feels cramped and people get in each others way). Since the 1950's we've added many more possible appliances, and kitchens nowadays can have more than one of some types and more than one cook - so more recently the concept of "work centers" has come into use.
CONTEMPORARY PLANNING: Work Centers
Nowadays the work triangle is not always enough to describe how a kitchen will function. Adding appliances (extra sink, dishwasher(s), separate cooktop and oven(s), microwave oven, etc.) adds extra work stations which the simple triangle can't account for. Adding cooks to a single triangle is a recipe for tripping over each other. The concept used to solve these problems in design is that of work centers or zones. A work center groups everything needed to do a specific type of task into a single area. The three major ones are:

Food Prep Center
Near fridge, near sink (may have its own sink separate from the main cleanup sink), near trash and compost containers: needs counter space, knife storage, cutting boards, measuring and mixing utensils, small appliances such as food processor or blender, casseroles and baking dishes, flavorings, cookbook storage, graters.

Cooking Center
Range (stove) or cooktop and ventilation: oven may be located separately if it's not part of a range (possibly near the baking zone). If you cook using your microwave, you might include it in this zone (possibly mounted over the range), but if you mainly use it for heating up snacks it could be better located outside the main work triangle where non-cooks can access it without getting in the way. Close to the food prep center so that food can go directly from prep to cooking. If you do a lot of cooking involving large pots of water (pasta for 12, canning, etc) a faucet nearby can be very useful. Small cooking appliances like the toaster, toaster oven, convection oven, deep fryer etc might be located here or in a separate snack center. Storage for frypans, possibly saucepans, pot lids, cooking utensils, salt, pepper and spices (away from heat), oils, vinegars and other flavorings, oven mitts and gloves, fire extinguisher.

Cleanup Center
Main sink, dishwasher, garbage disposal, trash and compost bins, recycling bins, waste compactor; storage for cleaning materials, dishtowels, food storage containers and materials, paper towels, garbage bags, colanders and strainers, possibly everyday dishes and flatware (near dishwasher), possibly saucepans (near water source).
   
   
   
   

Sunday, July 10, 2011

MOST EXPENSIVE HOME FOR SALE IN TULSA COUNTY

Just for fun I researched the most expensive home currently listed in Tulsa County. If you judge by price per square foot this property is listed at $517.00/sq ft! Six bedrooms, seven full baths, three half baths, yet only a 2-car garage (interesting) on a gorgeous three and a half acres +/-. It's the most expensive by square foot and by the price of $9 million!  If you'd like to take a look at the virtual tour click here.

No matter what price range you're house-hunting...give us a call!

Wednesday, July 6, 2011

WHAT DO YOU WANT IN A REAL ESTATE AGENT?

1. Honesty and Credibility
Win them over with the truth! When Buyers & Sellers talk about honesty and credibility, it often comes with stories about past negative experiences with agents. They have expressed how hard it is to trust anyone in today’s real estate market, so it’s even more important for agents to communicate with honesty, even if less-than-favorable information.

2. Area Familiarity
Do your neighborhood homework! Buyers & Sellers place a high importance on finding an agent who not only sells homes in a specific neighborhood, but also knows that neighborhood well. They want an agent who knows all about the schools, local parks, safety, restaurants and even the secret gems the neighborhood has to offer.

3. Good Follow Through
You say it, you do it! There's frustration with agents who don’t do what they said. Email me, call me and send me the things you say you will. It seems like such a small thing to ask for. Do what you say, combine it with some honesty, and you’ll be an agent buyers feel comfortable working with.

4. Organization
Keep it in order. The average person spends roughly 150 hours per year searching for documents, electronic files, and other information. That’s equivalent to almost a month of work. Some studies put the number even higher—10% of work time. Think of the lost productivity, the aggravation, and the resulting discord. With a few tools and processes, you can reclaim the time you would have otherwise lost to disorganization. 

5. Good Listener
Everyone is unique. Treat them like it! Buyers & Sellers want an agent to listen to them with a blank mind. Phrases such as “pigeon hole”, “judge”, “they aren’t listening”, “tell me what I want”…etc. are common with Buyers & Sellers that feel they are not being understood. They don’t want an agent to assume they need A just because they hear B. They want an agent who listens to what they want and will ask as many questions as required to really understand who they are and what they are looking for.

Mike & I would be happy to provide you with references from Buyers & Sellers that we have successfully helped attain their real estate goals.

Monday, July 4, 2011

HAPPY BIRTHDAY AMERICA!

Independence Day honors the birthday of the United States of America and the adoption of the Declaration of Independence on July 4, 1776. It's a day of picnics and patriotic parades, a night of concerts and fireworks, and a reason to fly the American flag.

"Freedom is never more than one generation away from extinction. We didn't pass it to our children in the bloodstream. It must be fought for, protected, and handed on for them to do the same." ~ Ronald Reagan



I pledge allegiance to the flag of the United States of America, and to the Republic for which it stands. One nation under God, indivisible, with liberty and justice for all.

Tuesday, June 28, 2011

SMALL IMPROVEMENTS THAT SELL

Simple Improvements Can Go A Long Way Towards
Selling Your Home

With very little effort, you can transform an average house into an above-average property that is sure to get second looks from buyers. Follow these guidelines to make sure your property stands out above the rest:

Paint inside and out:
Fresh paint is the most cost-effective and profitable improvement you can make, even if your home doesn't need a new coat. Paint the interior walls a neutral color and the ceilings white to make rooms look bigger.

New lights:
Replace outdated fixtures. This inexpensive improvement can update old decor that might have discouraged buyers.

New flooring:
Install new carpet, linoleum, or tile, and refurbish hardwood floors if needed. Choose a neutral color for new carpeting. New flooring will increase the market value of your home, while shabby floors can kill a sale.

Planted landscape:
Attractive front and back yards boost the value of any property. Mow the lawn, trim shrubs, and plant new bedding flowers. Clean up perennial beds. Plant some trees if the yard is barren, especially in the front parkway. Sweep the patio or deck and decorate with potted plants and flowers.

Completed repairs:
Before listing your home for sale, make all minor repairs and catch up on maintenance. If you've deferred maintenance, get a professional home inspection. If the inspection reveals problems, make the repairs before listing the home. If you don't, the buyer will probably discount the offer price for more than the cost of repairs or replacement.

A clean garage:
If you use your garage for storage, clean it out and rent a storage space. Paint the interior white. If your garage is unfinished, install wallboard or build storage shelves on the back wall. A clean garage will help solidify a buyer's impression of a home in move-in condition.

(MSN.com article.)

Saturday, June 25, 2011

HOW'S REAL ESTATE?


Mike & I are asked this question almost daily. Most of the national media that we hear has everyone a little nervous about the value of their homes. The good news is that Tulsa's real estate market has fared this recession fairly well. Especially if you consider the hard hit areas of California, Florida, Nevada, and Arizona.

Ten years ago a Tulsa area home owner could typically count on 3% appreciate per year on their home value and that's not been the case for about the last 5 years. In those years, we've seen some years of 0% appreciate to a slight negative in some areas and price ranges. There have also been some lucky areas that have had slight increases. Everyone's situation is unique, in that, it depends on how good of a deal you got when you purchased your home; what improvements have you made (and at what cost); how the neighborhood is selling; and do the properties on your street help or hurt you. It's always good advice to be the smaller or less valued home in an area with larger and more expensive homes around you. That gives you a better opportunity to appreciate in value.

I will add that it is still a Buyer's Market due to there being so much competition on the market and the low interest rates. But there are Buyer's in the market...that's the good news!  Sellers have to put their best foot forward, be priced competitively, and obviously use an experienced realtor! (I have the number of a good one!)

Feel free to call Mike or I if you have questions about buying or selling a home. We frequently meet with homeowners and provide a Market Analysis of their area and at no cost.

Tina 918-740-1000                               Mike 918-645-9669

Thursday, June 23, 2011

2011 REAL TRENDS GATHERING OF EAGLES

Sheryl Chinowth, CEO/Broker Owner Chinowth & Cohen Realtors, was recently a guest speaker at the exclusive 2011 REAL Trends Gathering of Eagles conference. The conference is held annually and this year's event attracted over 200 principals and CEOs from the nation’s 500 largest residential real estate brokerage firms plus senior management of the nation’s largest real estate franchise organizations.

Chinowth participated in the Billionaires meeting discussing how she managed significant growth in the tough markets of 2007-2010. Consistently Chinowth & Cohen Realtors experiences yearly increases in size and sales volume since opening in 2004. The company was recently named 70th in size in the nation for Independent Real Estate Brokerages by Real Trends in 2010. “Our company’s growth through the challenging real estate market has been a result of carefully selecting and working with the most elite Realtors. We strive to educate and motivate our Realtors to be the best they can be, “said Sheryl Chinowth, CEO of Chinowth & Cohen Realtors. “Sharing our company’s vision and strategies to a group of established industry leaders was an honor. I wanted to impart to the audience the hard work and spirit our Associates bring to work every day in order to grow their business and contribute to the success of Chinowth & Cohen Realtors.

“While there are new challenges that appear each year, among the largest issues facing leaders throughout the real estate industry is where to keep the focus. This year’s conference was focused on understanding more of the basics of the business than in years’ past; business models, new incremental revenue opportunities and the reality that housing consumers need professional assistance more than ever. Leaders need to stay focused on how to reach out and touch more customers with more assistance. The 2011 Gathering of Eagles will go down as the year that housing started to turn the corner and those in attendance were able to see where to focus their efforts to take advantage of the market,” said Steve Murray, editor of REAL Trends.

Chinowth & Cohen Realtors is a full service real estate company specializing in residential and commercial real estate. Founded in 2004, by Sheryl Chinowth and Lee Cohen, the firm has over 350 Associates in six offices. The offices are located in Bartlesville, Broken Arrow, South Tulsa, Midtown Tulsa, Sand Springs and Owasso.

Mike & I are proud to say we're been with the company since it was founded in 2004 and count Lee & Sheryl as dear friends. It's been quite a ride to watch the company grow from a group of 18 to over 350 associates!

Monday, June 20, 2011

BIXBY'S GREEN CORN FESTIVAL

Green Corn Festival
June 23-25, 2011
Charley Young Park in Downtown Bixby


The Green Corn Festival is a kick back to the good old fashioned family oriented picnics. The annual festival (held on the 4th Thursday, Friday and Saturday of June) features great music, arts and crafts, food, bingo, carnival and great games and contests for the young and young at heart. A talent show to highlight area youth is held on Friday at the Community Center and the annual Green Corn Parade entertains the masses on Saturday morning.

The Festival is held in downtown Bixby, south and east of 151st and Memorial. Charley Young Park is the site of the Gazebo stage, and games, surrounded by food and crafts booths. Just a hop and skip over is the Youth Stage and Carnival. Cool off during the heat of the day by joining in a few rounds of bingo in the building at the corner of Charley Young Park.

What could be more traditional than an afternoon or evening in the bright summer sun, with lemonade to sip, an array of crafts and gifts to purchase, music to enjoy listening to, with your friends all around? Only a ride on the ferris wheel as the sun sets and the sounds of carnival music drift up in the evening air…

(Information From Bixby Optimist website)