Thursday, March 25, 2010

Thursday, March 18, 2010

Top 5 Reasons Why Now Is the Best Time to Buy a Second Home

Top 5 Reasons Why Now Is the Best Time to Buy a Second Home

With all the negative news about the economy and the real estate market, in particular, there's a good chance you've put any ideas of buying a second home on permanent hold.

As a Member of the Top 5 in Real Estate Network®, however, I can tell you that just the opposite is true. The reality is that now is the best possible time to shop for a second home, whether it be the vacation spot you've always dreamed of, a retirement home or an investment purchase. Or, if you've thought that a second home was not a possibility for you, it just might be now. Here's why:
1. Just about across the board, prices are down…in some spots, they are actually down to 2001 levels. Those of you who may have been priced out of the market in past years are suddenly back in.
2. Mortgage rates are sticking at about 5%. This won't last forever, however, especially as the market slowly starts its climb upwards.
3. If you're able to itemize deductions on your tax return, then the interest expense on your second mortgage is tax deductible.
4. If you're buying in a popular vacation spot—such as on the shore, in the mountains, near a lake, in the city—then you can rest assured that your investment will increase as the market continues to recover.
5. If you're not ready to retire or take advantage of a second home yet, bear in mind you're creating an excellent source of additional income in terms of rental revenue…something we can all use in today's economy. Consider making this purchase now, while conditions are favorable for buyers, rent it out, and then enjoy your home when the time comes.
I've seen many a savvy client take advantage of today's market to make a desired lifestyle change or an investment that will pay dividends when the market picks up. Don't let the media negativity prevent you from missing this great opportunity to buy a second home. Please e-mail me for more information and pass this article along to friends and family who might also find it helpful.

Friday, March 12, 2010

Spring Fling at The Tulsa Zoo

All kinds of fun for the kids tonight at The Tulsa Zoo for the Spring
Fling fund raiser. This is a picture of Grace Cousins, Makenzie Hayes,
Madeline Hayes and Lauren Cousins....what fun on the camel ride!
Tulsa is lucky to have such a great Zoo!

Top 5 Tips for Securing an Accurate Appraisal

Top 5 Tips for Securing an Accurate Appraisal

When it comes to buying or selling property, a successful outcome often hinges upon an accurate appraisal. Unfortunately, due to unrest in the appraisal industry sparked by government guidelines imposed by the Home Valuation Code of Conduct (HVCC), securing an accurate appraisal can be hard to come by these days. Colleagues have shared many a horror story about an appraisal gone wrong and a client that's left to pay the price.

As a member of the Top 5 in Real Estate Network®, however, I have learned that there are steps you can take to help ensure an appraisal accurately reflects the home's value. Consider the following advice:

1. Keep it local. Inaccurate appraisals are often the result of the current practice of using an appraiser who is unfamiliar with your community…sometimes, they're even coming from another state! Talk to your agent and/or lender and insist that the appraiser involved is local and, therefore, understands home values in your neighborhood.

2. Utilize comps.
Make sure your lender and appraiser are accurately leveraging comps (comparable market sales) of local properties sold within the last six months to help appraise your home. Your real estate agent can help in this area.

3. Put your best foot forward. If you are selling your home, make sure it's in the best possible shape before the appraiser visit. Invest in any necessary repairs and effective cosmetic changes. Consider how your home stacks up against other homes in your neighborhood and let that be your guide.

4. Review carefully.
Review the appraisal thoroughly to make sure all the basic facts are correct: square footage, features of the home, number of rooms, etc. If you find mistakes, call the appraiser and ask to have them corrected. If the appraiser refuses to make the corrections, file a complaint with your state's real estate appraisal board.

5. Don't settle.
You are not bound to accept the appraisal results. Both buyers and sellers can request a new appraisal. There is no guarantee that the bank will accept the new appraisal, but it can be used to challenge the first appraisal.

An honest, accurate appraisal can make all the difference in your real estate transaction. Follow the above steps and please e-mail me for more details. I encourage you to forward this important information to your social network, as well.

Tuesday, March 9, 2010

Eastbrook Townhomes

Tulsa Luxury Property Group met at Eastbook this morning at 35th and Peoria. Prices start at $445,000. More information at www.tulsaluxurypropertygroup.com

Monday, March 8, 2010

Re: Your next yacht?

I will take one

On Mon, Mar 8, 2010 at 3:22 AM, Darryl Baskin <darryl@darrylbaskin.com> wrote:
A  famous French shipbuilder ship company and one of  Monaco joined hands
Together to build this yacht  with enormous dimensions: the WHY 58x38.
(58meter  long and 38 meter wide) After the first pictures  of this project.
 
The  yacht, an area of 3400 m2 with seating for 12  passengers and 20  crew.
This  is a "green" yacht.  Wally et Hermès use  green energy to 20 to 30%
Fuel savings and 40 to  50% electricity consumption on board. Therefore
There are 900 m2 equipped with solar panels,  producing a daily output of
500  kW. Equipment:
 
Three decks, a 25 meter  pool, a spa helicopterpad a 100m2 with hammam,
Sauna, gym and massage room, a promenade of 130  meter, a music room, a
Dining room, a cinema, sun  decks, suites, terraces, a lounge, a bibi . The
Luxury is at the  rendez-vous. The  decks are connected by stairs but there
Is also an  elevator. The suite of the owner, with an area of 200m2 and
Completely covers the third deck. (This is the  bedroom) The sea view is
Great and there is a  private terrace of 25 meter  long. A sea  of light.
 
The yacht has the shape of a horseshoe and has a roof so everything is
Bathed in a sea of light.
 
The spacious lounge.   On the lower deck are the common premises, such as
Lounge, piano bar and dining area.
 
Dining Room.  The dining room opens onto the sea view.
 
Suites for the guests.  For the guests, 5 suites  with sea views (on the
Middendek). There is also a  reading room equipped.






--
Kelly Howard
The Kelly Howard Collection
Board of Regents Exclusively
Representing Tulsa

www.kellyhowardhomes.com

McGraw Realtors
8040 S. Sheridan
Tulsa Ok 74133
918-230-6341 Cell



Member,TulsaLuxuryPropertyGroup.com
Recognized by Who's Who in Luxury Real Estate


Re: Your next yacht?

That's really cool...

On Mon, Mar 8, 2010 at 3:22 AM, Darryl Baskin <darryl@darrylbaskin.com> wrote:
A  famous French shipbuilder ship company and one of  Monaco joined hands
Together to build this yacht  with enormous dimensions: the WHY 58x38.
(58meter  long and 38 meter wide) After the first pictures  of this project.
 
The  yacht, an area of 3400 m2 with seating for 12  passengers and 20  crew.
This  is a "green" yacht.  Wally et Hermès use  green energy to 20 to 30%
Fuel savings and 40 to  50% electricity consumption on board. Therefore
There are 900 m2 equipped with solar panels,  producing a daily output of
500  kW. Equipment:
 
Three decks, a 25 meter  pool, a spa helicopterpad a 100m2 with hammam,
Sauna, gym and massage room, a promenade of 130  meter, a music room, a
Dining room, a cinema, sun  decks, suites, terraces, a lounge, a bibi . The
Luxury is at the  rendez-vous. The  decks are connected by stairs but there
Is also an  elevator. The suite of the owner, with an area of 200m2 and
Completely covers the third deck. (This is the  bedroom) The sea view is
Great and there is a  private terrace of 25 meter  long. A sea  of light.
 
The yacht has the shape of a horseshoe and has a roof so everything is
Bathed in a sea of light.
 
The spacious lounge.   On the lower deck are the common premises, such as
Lounge, piano bar and dining area.
 
Dining Room.  The dining room opens onto the sea view.
 
Suites for the guests.  For the guests, 5 suites  with sea views (on the
Middendek). There is also a  reading room equipped.




Your next yacht?

A  famous French shipbuilder ship company and one of  Monaco joined hands
Together to build this yacht  with enormous dimensions: the WHY 58x38.
(58meter  long and 38 meter wide) After the first pictures  of this project.
 
The  yacht, an area of 3400 m2 with seating for 12  passengers and 20  crew.
This  is a "green" yacht.  Wally et Hermès use  green energy to 20 to 30%
Fuel savings and 40 to  50% electricity consumption on board. Therefore
There are 900 m2 equipped with solar panels,  producing a daily output of
500  kW. Equipment:
 
Three decks, a 25 meter  pool, a spa helicopterpad a 100m2 with hammam,
Sauna, gym and massage room, a promenade of 130  meter, a music room, a
Dining room, a cinema, sun  decks, suites, terraces, a lounge, a bibi . The
Luxury is at the  rendez-vous. The  decks are connected by stairs but there
Is also an  elevator. The suite of the owner, with an area of 200m2 and
Completely covers the third deck. (This is the  bedroom) The sea view is
Great and there is a  private terrace of 25 meter  long. A sea  of light.
 
The yacht has the shape of a horseshoe and has a roof so everything is
Bathed in a sea of light.
 
The spacious lounge.   On the lower deck are the common premises, such as
Lounge, piano bar and dining area.
 
Dining Room.  The dining room opens onto the sea view.
 
Suites for the guests.  For the guests, 5 suites  with sea views (on the
Middendek). There is also a  reading room equipped.



Thursday, March 4, 2010

Residential Real Estate Statistics for Broken Arrow, Jenks, Owasso, Tulsa, Bixby, and Union Public Schools

The following reports have been pcreated by Tom Allen, appraiser and reflect the trends in Residential real estate absorption rates in the Tulsa Oklahoma area including  Broken  Arrow, Jenks, Owasso, Bixby, and the Union Public School District.   It reflects an increasing length of market time based on the available inventory of single-family homes and the rate at which they are selling. On my radio program, The Future of Real Estate on KRMG,  I have been reporting that sales have been eclipsing the increase in inventory which would create a shortened market time. This latest data shows a  different story. Discussions with Mr. Allen Center around seasonal trends and the series of bad winter snowstorms and the Tulsa Oklahoma area which seemed to put a damper on sales. Regardless of the excuses, the numbers are the facts. Mr. Allen was recently a guest on my radio program and I was taken aback when he answered that  months of available inventory for homes in the Tulsa area were increasing. Rest assured, I will be discussing the latest data as it is available. Subscribe to The Baskin Report online and listen live at www.KRMG.com  Saturdays at noon central.

Darryl Baskin
The Baskin Real Estate Specialists
at McGraw Realtors

Serving Northeastern Oklahoma since 1989
www.darrylbaskin.com
www.baskincommercial.com
Member, TulsaLuxuryPropertyGroup.com
Recognized by Who's Who in Luxury Real Estate
A Recognized Allen Hainge CyberStar and Howard Brinton Star Power Star

 

 

 

 

Months supply of Inventory is calculated using the # of properties that sold PENDING during the

month.  NAR's caluation reflects the # of properties that CLOSED escrow during the month