Realty Jen's Rendition

Oklahoma City Home and Garden Show

Oklahoma City Home and Garden Show

Where: Oklahoma State Fair Park

333 Gordon Cooper St, Oklahoma city, OK 73107 | Website | (800) 466-7469

 

With more than 400 local and national exhibitors expected, the Oklahoma City Home & Garden Show will be blooming with new, money-saving ideas that visitors can utilize in their own homes and gardens. From HGTV’s “Design on a Dime,” Summer Baltzer will educate show attendees with tips and tricks for the design- and budget-conscious do-it-yourselfers.

Seminar Schedule:
-Summer Baltzer of HGTV's "Design on a Dime" speaks at 2 and 6 pm Saturday and noon and 2 pm Sunday.
-Author and TV personality Sue Whitney will discuss "Junk Beautiful...How to Refresh Your Home Inside and Out, Junk Market Style" at 1, 4 and 7 pm Friday; 1, 3 and 7 pm Saturday and 11 am, 1 and 3 pm Sunday.

There will also be a silent auction at this year's Oklahoma City Home and Garden Show. Oklahoma artists and local celebrities are painting "Doors to a Brighter Future" to benefit Central Oklahoma Habitat for Humanity. Using inventory from Habitat for Humanity's Renovation Station, interior and cabinet doors will be painted, displayed at the show and sold in a silent auction. Muralist Bob Palmer, University of Oklahoma and Oklahoma State University sports teams have decorated doors.

Admission is $10 for adults and free for children 12 and under. For a $3 discount, tickets can be purchased online at www.oklahomacityhomeshow.com. For more information about the event, visit the website or call 800-466-7469.

GOOD NEWS FOR HOME OWNERS IN TROUBLE WITH THEIR LOANS: Treasury Department Announces New Short Sales Guidelines

 

National Association of REALTORS® Government Affairs Division 500 New Jersey Avenue, NW, Washington DC, 20001

Treasury Department Announces Home Affordable Foreclosure Alternatives Program On November 30, 2009, the Treasury Department released guidelines and forms for its new Home Affordable Foreclosure Alternatives Program (HAFA). HAFA is part of the Home Affordable Modification Program (HAMP). HAFA provides incentives in connection with a short sale or a deed-in-lieu of foreclosure (DIL) used to avoid foreclosure on a loan eligible for modification under the HAMP program. HAFA applies to loans not owned or guaranteed by Fannie Mae or Freddie Mac, which will issue their own versions of HAFA in coming weeks. HAFA is a complex program, with 43 pages of guidelines and forms, designed to simplify and streamline use of short sales and deeds-in-lieu of foreclosure.

HAFA:

Complements HAMP by providing a viable alternative for borrowers (the current homeowners) who are HAMP eligible but nevertheless unable to keep their home.

Uses borrower financial and hardship information already collected in connection with consideration of a loan modification.

Allows borrowers to receive pre-approved short sales terms before listing the property (including the minimum acceptable net proceeds).

Prohibits the servicers from requiring a reduction in the real estate commission agreed upon in the listing agreement (up to 6 percent).

Requires borrowers to be fully released from future liability for the first mortgage debt (no cash contribution, promissory note, or deficiency judgment is allowed).

Uses standard processes, documents, and timeframes/deadlines.

Provides financial incentives: $1,500 for borrower relocation assistance; $1,000 for servicers to cover administrative and processing costs; and up to $1,000 for investors for allowing a total of up to $3,000 in short sale proceeds to be distributed to subordinate lien holders (on a

one-for-three matching basis).

The program does not take effect until April 5, 2010, but servicers may implement it before then if they meet certain requirements.

The program sunsets on December 31, 2012.

Press Release, HAMP Update—New Program Offers Borrowers Foreclosure Alternatives https://www.hmpadmin.com/portal/docs/news/hampupdate113009.pdf

Tax Credit Extension & Expansion – Hot Points

This month the Senate extended the 1st Time Home Buyer Tax Credit that began January 1st of 2009.  Initially it was set to end on November 30, 2009.  However, President Obama signed the extension on November 6th.  This tax credit has also been expanded to “Move Up Buyers” who currently own a home and are interested in moving up in home price.  It’s a great incentive considering interest rates are still in the 5% range on most home loans. 

$8,000 First-time Home Buyer Tax Credit at a Glance

• The $8,000 tax credit is for first-time home buyers only. For the tax credit program, the IRS defines a first-time home buyer as someone who has not owned a principal residence during the three-year period prior to the purchase.
• The tax credit does not have to be repaid unless the home is sold or ceases to be used as the buyer’s principal residence within three years after the initial purchase.
• The tax credit is equal to 10 percent of the home’s purchase price up to a maximum of $8,000.
• The tax credit applies only to homes priced at $800,000 or less.
• The tax credit now applies to sales occurring on or after January 1, 2009 and on or before April 30, 2010. However, in cases where a binding sales contract is signed by April 30, 2010, a home purchase completed by June 30, 2010 will qualify.
• For homes purchased on or after January 1, 2009 and on or before November 6, 2009, the income limits are $75,000 for single taxpayers and $150,000 for married couples filing jointly.
• For homes purchased after November 6, 2009 and on or before April 30, 2010, single taxpayers with incomes up to $125,000 and married couples with incomes up to $225,000 qualify for the full tax credit.

The $6,500 Move-Up / Repeat Home Buyer Tax Credit at a Glance

• To be eligible to claim the tax credit, buyers must have owned and lived in their previous home for five consecutive years out of the last eight years.
• The tax credit does not have to be repaid unless the home is sold or ceases to be used as the buyer’s principal residence within three years after the initial purchase.
• The tax credit is equal to 10 percent of the home’s purchase price up to a maximum of $6,500.
• The tax credit applies only to homes priced at $800,000 or less.
• The credit is available for homes purchased after November 6, 2009 and on or before April 30, 2010. However, in cases where a binding sales contract is signed by April 30, 2010, the home purchase qualifies provided it is completed by June 30, 2010.
• Single taxpayers with incomes up to $125,000 and married couples with incomes up to $225,000 qualify for the full tax credit.

There’s a lot of information to consider when making a move, please feel free to call or email me if you have questions regarding the new changes to the tax credit. 

I’m here to help!

HOT NEW HOME!!

Oklahoma City…Progressive Promise shown with Maps 3 to the Voters December 8th!

 

 Watch below for the full press conference with News 9. 

 

 

Oklahoma City Metro Housing Statistics - August 2009

 

Oklahoma City is doing well!  We’ve heard it again and again…”Oklahoma City is Recession Proof”.  Well the proof is in the numbers, while we have had lower numbers in 2009 compared to 2008 it’s to be expected.  This year so far in numbers has proven to be nonetheless consistent where Real Estate is concerned.  I’ve been getting a lot of questions from naysayers on what will happen when the tax credit goes away.  I think most of us agree we hope it is extended because it has been an excellent program and has helped many people purchase a home when they wouldn’t have done so under normal circumstances.  The National Association of Realtors (NAR) is working very diligently with their lobbying efforts to not only extend the tax credit but to even possibly open the credit up to anyone who purchases a home. 

 

 

 

The National Association of Realtors® is calling upon its 1.2 million members to urge Congress to extend the successful homebuyer tax credit into next year.

Since its inception earlier this year, the $8,000 first-time homebuyer tax credit has brought 1.2 million new buyers into the market—350,000 of whom would not have purchased a home without the credit, according to NAR. The credit is due to expire November 30.

“Now is the time for Congress to keep this recovery going by extending the tax credit through 2010 and making it available to more homebuyers. We have all seen how the credit has been a spur to bring homebuyers into the market, and have seen the beginnings of a real recovery in the housing market. Housing has always led this nation out of economic downturns, and can do so again,” said NAR President Charles McMillan, a broker with Coldwell Banker Residential Brokerage in Dallas-Fort Worth.

Realtors®, the leading advocates for homeownership and housing issues, will be writing to their Senators and Representatives to tell them of the successes with the tax credit thus far and to press them to extend and expand it now.

McMillan added that the market has improved, but it has not yet fully corrected itself. “The credit needs to be available for an additional period of time in order to sustain the progress that’s been made so we can continue to see our markets fully recover. Uncertainty about the future of the credit will dampen consumer demand. The only way we can assure that the progress we've made can continue is to extend the credit and to do that now,” he said.

As the current deadline for the credit looms, potential homebuyers need to complete a contract, satisfy any contingencies, secure financing and go to closing by November 30. In today’s market, NAR estimates that it generally is taking between 45 and 60 days from contract to closing.  My personal averages are 30-45 days from contract to closing.

“That means potential homebuyers who qualify must act now, and so must Congress,” McMillan said.

Only 64 Days until the $8,000 Tax Credit ends, one of the highest incentives to purchase a home our country has ever seen…

 

 

10101 Glascow Drive - Fantastic Buy!

 

 

 

10101 Glascow Drive, Yukon, OK 73099

>> map it

$139,000

>> mortgage calculator

bed/full bath/half bath: 3/2/0

sq. ft.: 1730

PROPERTY DETAILS:

Property Type: Single Family    Cross Street: SW 15th & Morgan Road   Area Name: 403   Subdivision: Westbury North

Style: Dallas   Year Built: 1995   Stories: 2   Square Feet: 1730

Bedrooms: 3   Bathrooms: 2   Living Room: 2   Garage: 2

Utilities Available:
ONG & OGE

FEATURES & AMENITIES:

Fireplace: Yes – 1 with Gas Start

Additional Features:
Vaulted Ceilings, ceiling fans throughout, new carpet, new tile, mother in law plan, whirlpool tub

Exterior Features:
Open patio, huge front yard, guttering, large porch, brick mailbox

Recreational Room:
Loft overlooking downstairs living room, wonderful for entertaining

Dining Room:
Tiled Dining room in Kitchen with large window overlooking front garden

SCHOOL INFORMATION:

Elementary School: Mustang Creek   High School: Mustang High Middle School: Mustang North

FINANCIAL INFORMATION:

Listing Price: $139,000 Annual Taxes:$1,474

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New Listing in Weston! GREAT House!

12101 SW 3rd Street Yukon, OK 73099   Gorgeous Executive 3 Bedroom 2.5 Bath on large lot in Mustang Schools Fantastic corner lot in Weston. Open floorplan with great flow for entertaining, high ceilings, beautiful woodwork & moldings, library paneled study plus new carpet & beautiful decor!! Property Highlights Beautiful curb appeal Formal Dining Room Walk in closets in all rooms. Storage galore! Corner lot - Quiet Corner of neighborhood Mature Landscaping, color year round Study with Built-ins & Library Paneling Private patio entrance from Master Suite 2 Hot Water Heater + 2 Heat and Air Units Convenient to I-40, Mustang Schools, OKC Utilities Property Description Wonderful home with a lot of space. This is the perfect home for a household who loves to entertain, play and relax. Quiet corner lot with side entry garage. This two car garage has extra space with a built in tool bench and room for the fridge. You'll love the spacious laundry room with it's own 1/2 bath, walk-in pantry and a 6x5 room dedicated to storage with backyard access. Along with 2 large dining areas this home also boasts a wet bar in the large 22x20 Living Room. The beautifully encassed romantic hearth is extremely convenient with easy start gas logs. There are a lot of extra's with this stately home, call for your private tour today! For Sale $196,000 MLS#: 385588 Bedrooms: 3 Bathrooms (Full): 2 Bathrooms (Half): 1 Square feet: 2691 Lot Size: .5 Year Built: 1986 School District: Mustang Formal Dining: 12x12 Ceiling fan, high ceilings Living: 22x20 Wet Bar with sink & fridge, storage, ceiling fan, gas fireplace Study: 11x11 Built-Ins, Ceiling Fan, Library Paneling Master Bedroom: 16x17 Ceiling fan, French doors to patio, tray ceiling, walk in closet Roomy shower, Jacuzzi tub, double vanity, loads of storage, separate makeup vanity, skylight Bedroom 2: 11x10 Bedroom 3: 12x10 Kitchen: Extra Large with center Island Breakfast bar, pantry, trash compactor, oven, range, microwave, plant window Jennifer Arsenault Realtor  Contact

Just Listed & Just Sold!

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Sold in 5 DAYS! 

 

1317 Continental Way, Mustang

This a BEAUTIFUL home, perfectly maintained and loved with modern updates and lush landscaping.

Priced to Sale at $216,000 ~ Only $84.97sq ft. ~ 2542 square feet

• 4 bedrooms
• 2.5 Bathrooms
• 3 Car Garage
• Formal Dining
• Gigantic Kitchen with beautiful new granite
• 1/3 Acre Lot with Cedar fence

Your vote matters! Mustang Public Schools Bond Issue Vote April 7th!

Voters will head to the polls on April 7 to cast their ballot in the Mustang Public Schools bond election. By using a combination of general obligation and lease revenue bonds, the district will be able to have one bond election that will take care of the needs of the district for the next three to five years. The $58 million bond will be sold in a series stretching over several years, keeping tax levels steady with no increase.

HERE IS YOUR PART! 

Most of us who live in the Mustang School district are typically left out of Mustang’s voting Matter’s because we do not live in the “Voting Square”. 

This time your vote matters!  We can’t leave this up to the “Voting Square”. This bond issue will only get passed if those of us NORTH of 59th Street go out and vote.  Tell your neighbors, tell your friends, tell EVERYONE….April 7th is important for the Mustang School District and the future children of the Mustang School District. 

Mustang High School

Approximately $38 million of the bond funds will transform the aging Mustang High School campus, where the average age of the classroom buildings is more than 40 years old, to a facility that meets the standards of a 6A school. New construction, which includes new academic buildings, a media center, cafeteria and commons area, will greatly increase the school’s capacity. The new construction will also tie the separate academic buildings together, dramatically increasing the ability to secure the campus.

Bonnie Lightfoot, superintendent, said improvements at MHS have taken a back seat for several years while the district worked to keep up with the student population growth at the elementary level.

“For several years, the Mustang Public School District has been forced to address immediate needs at the elementary level before we looked at the work that needed to be done at Mustang High School,” Lightfoot said. “What is necessary at the high school required more funds than we were capable of through general obligation bonds. A combination of lease revenue and general obligation bonds is allowing us to take care of the needs at Mustang High School in a timely manner instead of accomplishing it piecemeal over many years.”

The proposed plans call for a two-story academic building to be constructed in front of the Central Building. The more than 79,000 square foot facility would house 28 classrooms and administration offices. It would give MHS a new and visible main entrance. A new and enlarged media center and cafeteria would open onto a new commons area in front of the MHS auditorium. For the first time, Mustang High School would have a visible, secure main entrance, and the classrooms would be under one roof.

A new ninth grade center is also planned. The South Building on the MHS campus would be razed to make room for the new multi-story classroom facility. The ninth grade center would include more than 35 classrooms and move the freshmen back to the high school campus. Administrators made the decision to relocate the freshman after a quality time analysis showed how much instructional time is lost transporting students hourly to the high school campus for classes not available at Mustang Mid-High…continued here

Mustang North Middle School and Mustang Creek Elementary

The bond also includes funds for classroom additions at Mustang Creek Elementary and Mustang North Middle School. Mustang Creek Elementary is nearing capacity and has no extra classrooms. Should the bond issue pass, the additional classrooms at Mustang Creek Elementary will bring the district one step closer to being able to offer all-day kindergarten.

Bonnie Lightfoot, superintendent, said the district put a task force in place three years ago to coordinate the creation of an all-day kindergarten program.

“One of the main hurdles we have faced is finding the space to offer the program. Thanks to the voters, we were able to open Mustang Centennial Elementary in 2007. That made a dramatic difference in the classroom space at the elementary level. Mustang Creek is the only school where classroom space for the program is not available. We will only offer the program when we can offer it at every school and give each child the same opportunity.”

The bond would also make it possible to enlarge the cafeteria at Mustang North Middle School. With more than 900 students in the building, six lunch periods are necessary to serve the students.

For more Questions & Answers concerning the Bond Issue visit http://www.mustangps.org/Q&A.html

If you're not registered to vote or need to change your address, you have until this Friday, March 13th to post mark your voter registration form.

Forms can be downloaded at http://www.ok.gov/~elections/voterreg.html or forms are available at every school and at your local tag agency. 

 

YOUR VOTE MATTERS!!  PASS IT ON!