Lawton, OK Real Estate News

By Jay Kinder
(Kinder Reese Real Estate Advisors)
February 8, 2008As part of our weekly market update, please find the weekly Kinder Team Report - Lawton Total Market Overview.  We publish this data weekly to provide detailed insight into the inner workings and trends for the real estate marketplace in the Lawton area.Are you ready to get Outside The Box With Jay Kinder??  Join us Sunday mornings at 9am on KLAW for the hottest new show that features the topics you want to know about!  Jay will touch on current issues in the marketplace and what they mean to you.  Jay will also visit with people who are movers and shakers in our area every other week on the show. He loves to see and meet people who think "outside the box" to help others and our community. So tune in this Sunday from 9:00am to 9:30am for Outside the Box with Jay Kinder. ...
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By Jay Kinder
(Kinder Reese Real Estate Advisors)
January 18, 2008We want to know if you think people feel more comfortable making decisions based on knowns or unknowns?  That's right.  We feel more comfortable making decisions based on what we know.  We always find our clients needs and wants, and we educate them completely on present market conditions.  We study the market every day to help advise our clients to make the best decisions based on their needs and wants.Here is this weeks update of Real Estate in the Lawton Area: (the definition of each category is explained below)One way we aim to our clients informed is to keep them up to date as to what is going on in the mortgage industry.  Please contact the professionals at North Pointe Mortgage for all of your financing needs.  Check them out at www.LawtonMortgageinfo.com or give ...
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By Jay Kinder
(Kinder Reese Real Estate Advisors)
We want to know if you think people feel more comfortable making decisions based on knowns or unknowns?  That's right.  We feel more comfortable making decisions based on what we know.  We always find our clients needs and wants, and we educate them completely on present market conditions.  We study the market every day to help advise our clients to make the best decisions based on their needs and wants.Here is this weeks update of Real Estate in the Lawton Area: (the definition of each category is explained below)Another way we keep our clients informed is to keep them up to date as to what is going on in the mortgage industry.  Please contact the professionals at North Pointe Mortgage for all of your financing needs.  Check them out at www.LawtonMortgageinfo.com or give them a call 58...
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By Jay Kinder
(Kinder Reese Real Estate Advisors)
The article in the link below was in last weeks Sunday Oklahoman and sent to me by one of our Market Report readers.  I truly appreciate our reader sending us this, thank you.  This should help stop some of the "bad press" the home building market is now getting.  Click on the link for the story: http://newsok.com/article/3178679    On the National front, President Bush along with Mortgage industry leaders have announced a plan that will freeze interest rates on certain owner-occupied adjustable rate mortgages. To qualify, mortgages must have been originated between Jan 1 2005 and July 31 2007 with an initial interest rate reset between Jan 1 2008 and July 31 2010.  An estimated 1.8 million loans are scheduled to adjust in 2008 and 2009. Although as many as 1.2 million might qualify for...
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By Brandy Asher
(Century 21 Prime Realty)
What Is A Home Inspection?A home inspection is a thorough and systematic evaluation of the condition of a residential property. It is a complete physical exam of the general integrity, functionality, and overall safety of a home and its various components. The purpose of this process is to ensure that home buyers know exactly what is being purchased, prior to completing the transaction. In the course of a home inspection, the inspector will evaluate the foundation, framing, roofing, site drainage, attic, plumbing, heating, electrical system, fireplaces, chimneys, pavement, fences, stairs, decks, patios, doors, windows, walls, ceilings, floors, built-in appliances, and numerous other fixtures and components. In all homes, even brand new ones, some building defects will inevitably be disc...
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By Susan Stricklin, GRI - Lawton Fort Sillnulls Best Realtor
(RE/MAX Professionals )
Third Quarter Market Report The Time Is Now!Lawton - Fort Sill is growing. The Housing Market in our great city will continue to rise in value. There are many factors contributing to the positive growth we are experiencing in our community. However, the primary reason is Supply and Demand. A Brigade of troops will arrive in Lawton - Fort Sill within the next few years. The roads are expanding. New commercial industry is arriving in our town. We are growing and we will continue to grow. The prices of homes have been increasing at a steady rate in our community for many years. However, the housing market will rise much more than usual as the supply of homes becomes less than the great demand we will have. New construction is ever increasing in Lawton and surrounding towns such as Cache, E...
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By Jay Kinder
(Kinder Reese Real Estate Advisors)
Here is this weeks update of Real Estate in the Lawton Area: (the definition of each category is explained below)We would like to congratulate Pam Marion and Barry Ezerski Team as well as ourselves for being honored as 2 of the top 20 Real Estate Teams in the world.  Monday Evening at the Bellagio Hotel in Las Vegas, LORE Magazine, The Wall Street Journal, and Real Trends announced "The Real Estate Top 200", the much anticipated awards event honoring the nation's top producing residential real estate agents and teams.  This year's winners were chosen from nearly 2,000 submissions from real estate sales professionals representing hundreds of markets nationwide.  The best news of all, 2 of Lawton's very own were honored as 2 of the top 50 Real Estate Teams, both ranked within the top 20. ...
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By Susan Stricklin, GRI - Lawton Fort Sillnulls Best Realtor
(RE/MAX Professionals )
The Time Is Now!Lawton - Fort Sill is growing. The Housing Market in our great city will continue to rise in value. There are many factors contributing to the positive growth we are experiencing in our community. However, the primary reason is Supply and Demand. A Brigade of troops will arrive in Lawton - Fort Sill within the next few years. The roads are expanding. New commercial industry is arriving in our town. We are growing and we will continue to grow. The prices of homes have been increasing at a steady rate in our community for many years. However, the housing market will rise much more than usual as the supply of homes becomes less than the great demand we will have. New construction is ever increasing in Lawton and surrounding towns such as Cache, Elgin, and Geronimo. The pric...
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By Jay Kinder
(Kinder Reese Real Estate Advisors)
Halloween is finally here!  Trick-or-treating is from 6 p.m. to 8 p.m.  There is also a Halloween Safe House at the Best Western from 5 p.m. to 7 p.m.  I hope everyone has a fun and safe holiday!Here is this weeks update of Real Estate in the Lawton Area: (the definition of each category is explained below)The market held steady again this week and should remain consistent over the next few weeks.  We have talked in the past that if you are selling your home it has to be priced right, in good condition or making the most effective improvements, and marketed aggressively.  These items are what gets your home sold but another element to the process is patience.  Homes are still selling but they are just taking a little longer to get sold.  Take the time to study the Market Report and educ...
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By Jay Kinder
(Kinder Reese Real Estate Advisors)
Special blood drive notice we all need your help on.  The blood drive is for John and Holly Naberhaus son Grant who is currently undergoing treatment for Leukemia at Children's Hospital in Oklahoma City.  The blood drive will be held this Sunday from 9:00am to 1:00pm at the Holy Family Catholic Church, 1010 NW 82nd Street here in Lawton.  When you make your kind donation please make sure you mention it is for Grant Naberhaus.  The Board of Realtors will be holding a blood drive in the very near future with details to come.  Please keep the Naberhaus family in your prayers.  Here is this weeks update of Real Estate in the Lawton Area: (the definition of each category is explained below)If you or someone you know is interested in becoming a Real Estate Professional, check out http://www.s...
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By Jay Kinder
(Kinder Reese Real Estate Advisors)
The Spirit of Survival Marathon is here! We encourage everyone to go out and support the runners and take advantage of the various events in conjunction to the race. Saturday morning at 7:30 the 5K Race up Mount Scott will be taking place with the awards ceremony to follow. Then take part in the Medicine Park Arts and Music Festival from 10:00 am to 7:00 p.m. Come hungry and enjoy the Pasta Feast from 5:00 - 7:00 pm followed by the Luminary service to honor those who have been touched by cancer. Then Sunday is the big 27 mile race and marathon. Join Jay and our Team as we run to support Cancer Centers of Southwest Oklahoma. It starts at 8:00 am and awards will be handed out at 3:00 pm. It's for such a great cause, we can't wait to see you out there bright and early!!! Another worthwhile...
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By Jay Kinder
(Kinder Reese Real Estate Advisors)
Active inventory dropped again for the lowest count since the first of August.  This helped the pending ratio to climb a little.  The market has seen more Expireds and could continue with so much supply and few demand.  That's why it is so important if you are selling your home that it is in great condition and priced right!  Here is this weeks update of Real Estate in the Lawton Area: (the definition of each category is explained below)Great news and information from the Mortgage Industry.  The last two weeks have shown a substantial rise in mortgage applications in our area.  We look forward to further improvements as the interest rates have also been on the decline since the Fed's lowered the prime rate.  Contact the mortgage experts at North Pointe Mortgage for all you mortgage need...
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By Paul Durry, Former Broker Associate, CDPE, CIAS, CHMS
(National Mortgage Field Services)
   No. of ListingsDollar VolumeAverage PriceMedian PriceAverage DOMRESIDENTIAL          Cash 17$1,192,821$70,166$55,000111    Conventional 16$1,725,722$107,858$97,96198    VA 35$3,921,450$112,041$101,700146    FHA 8$740,400$92,550$90,500100    Other 2$269,900$134,950$134,950135Analysis by Area      ALMOR WEST 1$95,000$95,000$95,00081AUSTIN 2$159,900$79,950$79,95081COUNTRY CLUB ES 3$224,696$74,899$82,50052COUNTRY CLUB WE 2$181,125$90,563$90,56353CROSSLAND 1$57,500$57,500$57,50037CRYSTAL HILLS 3$381,000$127,000$125,00099DOVE CREEK 1$210,000$210,000$210,00060ENSLEY 1$35,000$35,000$35,000198FAIRWAY VILLA 1$181,000$181,000$181,000137GAYSWESTMTVIEW 1$70,000$70,000$70,000151GOOCH ACRES 2$112,950$56,475$56,47545GRAY WARR 1$117,500$117,500$117,500123HERFORD MEADOWS 1$128,000$128,000$128,00087HUN...
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By Paul Durry, Former Broker Associate, CDPE, CIAS, CHMS
(National Mortgage Field Services)
 StatusClassTypePrice RangeNo. of ListingsDollar VolumeAverage PriceMedian PriceAverage DOM         Sold         RESIDENTIAL         SINGLE FAMILY RESIDENCE         $20,000 - $24,9992$44,000$22,000$22,000186   $25,000 - $29,9991$27,000$27,000$27,000342   $30,000 - $34,9991$32,000$32,000$32,000345   $35,000 - $39,9994$148,000$37,000$37,000125   $45,000 - $49,9991$47,196$47,196$47,19643   $50,000 - $54,9991$50,000$50,000$50,000130   $55,000 - $59,9994$228,400$57,100$56,750209   $60,000 - $64,9992$124,000$62,000$62,000182   $65,000 - $69,9995$333,800$66,760$65,00079   $70,000 - $74,9993$218,450$72,817$73,50087   $75,000 - $79,9992$159,800$79,900$79,900135   $80,000 - $84,9994$333,500$83,375$83,50073   $85,000 - $89,9993$265,000$88,333$89,00060   $90,000 - $94,9994$367,125$91,781$92,063106 ...
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By Paul Durry, Former Broker Associate, CDPE, CIAS, CHMS
(National Mortgage Field Services)
 StatusClassTypeAreaNo. of ListingsDollar VolumeAverage PriceMedian PriceAverage DOM                  Active Listings126$14,075,250$111,708$99,00017Listings Under Contract0$0$0$00Listings Sold 20070$0$0$00         Active         RESIDENTIAL         SINGLE FAMILY RESIDENCE         ALMOR WEST2$192,400$96,200$96,20017   AUSTIN2$205,000$102,500$102,50013   BROCKLAND1$152,000$152,000$152,00018   COUNTRY CLUB ES2$240,900$120,450$120,45025   COUNTRY CLUB WE4$298,900$74,725$73,25017   CREEKWOOD EST1$219,900$219,900$219,90027   CROSBY PARK3$349,000$116,333$118,00010   DOVE CREEK2$380,900$190,450$190,45019   EAST LAKE1$187,350$187,350$187,3506   EISENHOWER VIL3$459,000$153,000$145,00017   ENCLAVE1$297,000$297,000$297,00012   FIELDS AND DUNN5$602,300$120,460$119,90018   GOOCH ACRES3$242,600$80,867...
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By Seth Callen
(Farmers Insurance)
  There are many talented loan officers and realtors in Lawton, Oklahoma.   We work with all of them that we can to facilitate the home-buying process.   Let me outline a situation that happens all too often in the loan process;  the customer has been pre-approved, the titlework is done, the appraisal has come in above the purchase price, everyone is just waiting on final approval and closing instructions.   Then, out of the blue there are problems.   The insurance is higher than the loan officer initially estimated in the loan application.   So what?   Here is why this can be a potentially huge problem;The loan officer can only make a somewhat educated guess as to how much the insurance premium will be The debt to income ratio is affected by the insurance premium and if the premium com...
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By Seth Callen
(Farmers Insurance)
 Obviously, living in Lawton, Oklahoma is a little more laid back than living in New York City, L.A. or Miami.   Living here comes with a little bit of baggage---100 degree summer days, tornados, major allergies---but it also comes with many positives.   Many people like to retire here because of the relatively low cost of living.   New York and L.A. may be the financial centers of the country, but that doesn't mean that you are unable to find financial products and services here that are every bit as good as what you could acquire there.   A good example is home and auto insurance.   Lawton may be a relatively small city, but the insurance and financial services industry is very well represented here.   All of the major companies are available to you;  Farmes, State Farm, Allstate, Pro...
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By Paul Durry, Former Broker Associate, CDPE, CIAS, CHMS
(National Mortgage Field Services)
 Step 1: Getting Pre-ApprovedPre-Approval -What is it, and why do I need it?When you are in the market for a new home there is no greater negotiating tool than the Mortgage Pre-Approval. With this valuable instrument in hand, it shows all parties involved in the real estate transaction that you are serious, ready and have already obtained financing. It is becoming common practice for real estate agents to ask that you get a Pre-approval Letter from a before they will even show you a home. There are some mortgages terms that may seem alike but differ in their importance. Pre-Approval vs. Pre-Qualification is there a difference?Yes, there is a big difference between "Pre-Approval" and "Pre-Qualification"!Pre-QualificationMortgage Prequalification is a simple calculation of the amount of h...
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By Paul Durry, Former Broker Associate, CDPE, CIAS, CHMS
(National Mortgage Field Services)
There are a few reasons why homeowners try to sell their home themselves, but the main reason is to save money.  If you successfully sell your home yourself, you can pocket several thousand dollars that you would otherwise pay to a real estate agent. And selling a home is easy, right? Wrong!Do you really know how to market your home and get buyers through the door?FSBOs tell us the biggest problem they have is their home suffers from a lack of exposure. Most of them paid several hundred dollars for a weekend classified ad in the daily paper. They also bought a "For Sale By Owner" yard sign. But unless the market was sizzling, few got any buyers through the door. Why?The fact is, most legitimate buyers work with real estate agents! And real estate agents research the Multiple Listings Se...
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By Jay Kinder
(Kinder Reese Real Estate Advisors)
We had a great turnout our our Real Estate Session on Thursday, September 20th. We are always looking for new people to join our team! If you think Real Estate is for you, give us a call anytime. Here is this weeks update of Real Estate in the Lawton Area: (the definition of each category is explained below)The Lawton Market didn't see any major shifts as things stayed pretty well consistent.  The pending ratio climbed again to the highest in five weeks meaning that more homes have gone under contract.  Things should hold steady the next few weeks.  We wanted to share this article with you about pricing a home.  This is one of the best articles we have read and even though it's not about our market, it does follow the guidelines for any market, including our own: http://www.boston.com/r...
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