Oklahoma City, OK Real Estate News

By Valerie McEvoy, Oklahoma Real Estate and Homes
(Preferred Referrals LLC)
Homes for Sale in Whitehall Oklahoma City Latest List of Homes for Sale in the Whitehall neighborhood in Oklahoma City I live in Whitehall and help my clients buy and sell homes there, too! Whitehall has some great properties that have hit the OKC real estate market. Click through to see the pictures of homes for sale in Whitehall here in Oklahoma City and see if there is anything you like.   I would love to show you these homes! Most are right down the street from me!
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By Valerie McEvoy, Oklahoma Real Estate and Homes
(Preferred Referrals LLC)
Homes for Sale in the Quail Creek Neighborhood Oklahoma City, OK Why Do People Live here in Quail Creek? Quail Creek is a beautiful neighborhood of single family homes that sits conveniently close to Lake Hefner and the Lake Hefner Parkway. Quail Creek is located just minutes from the exciting new retail and entertainment developments on North Memorial Road here in OKC! You have easy access to all of OKC including Downtown Oklahoma City and Bricktown. It's not uncommon to see neighborhood kids playing the streets of this quaint little oasis in the suburbs during the summer and sledding down snow covered streets in the winter. It's far enough from the main hustle and bustle of the city that residents don't feel like the urban center of OKC is knocking on their door. Looking for a home in...
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By Valerie McEvoy, Oklahoma Real Estate and Homes
(Preferred Referrals LLC)
Have You Ever Heard of the Cash-Back Credit for Repairs? Here's a question  I received during a recent Oklahoma real estate transaction. Q: The home inspection just completed on a OKC home I have under contract turned up some issues. Should I insist the repairs be completed before closing?  A: It depends. Everyone wants a smooth closing and home inspection negotiations are definitely a place where a deal can fall apart. Here are some things you’ll want to consider:   If you require the seller to make the repairs, do you think they’ll do as good a job as you would? After all, they’re getting ready to move on to their next home. While the repairs must meet certain standards of quality, they might not measure up to your own high standards (though they technically fulfill their end of the b...
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By Joe Pryor, REALTOR® - Oklahoma Investment Properties
(The Virtual Real Estate Team)
It has been a great year for Oklahoma City economically and for real estate. With low unemployment, low cost of living, a robust job market, and the last 5 years of increased population growth, this is a city on the rise. My expectations for 2014 is for more of the same even with increased interest rates. Look for more market reports coming next year and if I can help you build wealth through investment real estate, sell you existing home, or help you buy a new one please contact me at joe@joepryor.com.
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By Valerie McEvoy, Oklahoma Real Estate and Homes
(Preferred Referrals LLC)
Quail Creek Real Estate and Homes for Sale   Quail Creek Oklahoma City real estate has been showing great upward movement in sales activity, pricing and general interest from prospective Oklahoma home buyers. I have also noted an increase in out of state home buyers who are looking for a home in Oklahoma City. They consider Quail Creek at the top of their list of potential homes for buy here. Many people are transferring into the Oklahoma City job market and that translates into more home buying and home selling activity in our OKC Metro real estate market.Since there are fewer distressed properties out there for people to bargain hunt, the focus is on buying a goodhome in a great neighborhood like Quail Creek. As an experienced Oklahoma City area real estate agent, I can assure you th...
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By Joe Pryor, REALTOR® - Oklahoma Investment Properties
(The Virtual Real Estate Team)
I have spent 24 years learning the craft of helping people achieve wealth trhough investing in Oklahoma City real estate, but the return on investment terms are somewhat complex and in those 24 years I have been able to understand them through training. My goal is to always deliver outstanding investments that are coordinated with great service, but today I want to simplify these terms to that you can get at least a feel for what they mean. Once we are able to talk and spend some time together these terms will become more understandable and it will be my pleasure to deepen you understanding so you feel empowered in your purchases. For more information about investing in Oklahoma City real estate contact me at joe@joepryor.com.
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By Joe Pryor, REALTOR® - Oklahoma Investment Properties
(The Virtual Real Estate Team)
2013 was an exceptional year for Oklahoma City real estate sales in general and for me. My wife and partner and I helped many avoid foreclosure, many achieve wealth trhough investing in Oklahoma City real estate, and helped buyers and sellers achieve their dreams. This is my video thanks and tribute for all those who put their trust in the http://virtualrealestateteam.com.    
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By Valerie McEvoy, Oklahoma Real Estate and Homes
(Preferred Referrals LLC)
Home Prices in Quail Creek Oklahoma City for December 2013 Real estate market data for Quail Creek OKC provided by Valerie McEvoy of RE/MAX Preferred Properties in Oklahoma City, OK.   Quail Creek Oklahoma City Home Prices   We have seen 3 straight months of listing price increases on home listings in Quail Creek and don’t expect things to slow down anytime soon.  If you are considering buying a home you can still find deals on a house in Quail Creek, but having a good real estate agent who understands the market is a must.  Don’t wait on the sidelines for too long, many of our Quail Creek listings are starting to sell within a few days of hitting the market. As you can see from the graph below, listings are not selling exactly for asking price. To make sure you don't overpay for your h...
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By Valerie McEvoy, Oklahoma Real Estate and Homes
(Preferred Referrals LLC)
Quail Creek Real Estate and Homes for Sale   Quail Creek Oklahoma City real estate has been showing great upward movement in sales activity, pricing and general interest from prospective Oklahoma home buyers. I have also noted an increase in out of state home buyers who are looking for a home in Oklahoma City. They consider Quail Creek at the top of their list of potential homes for buy here.   Many people are transferring into the Oklahoma City job market and that translates into more home buying and home selling activity in our OKC Metro real estate market. Since there are fewer distressed properties out there for people to bargain hunt, the focus is on buying a good home in a great neighborhood like Quail Creek. As an experienced Oklahoma City area real estate agent, I can assure yo...
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By Valerie McEvoy, Oklahoma Real Estate and Homes
(Preferred Referrals LLC)
Crown Heights is located in one of the most desirable historic homes areas in Oklahoma City. This area was developed in the 1920s and 1930s and the construction and design of the historic homes here will readily confirm how unique this community in OKC is to Crown Heights homeowners. As a professional Oklahoma Realtor who loves helping clients buy and sell historic homes, I can attest to the fact that Crown Heights is a highly sought-after location for home buyers in Oklahoma City. If you are a home buyer who wants to live in an historic home, be close to all the developing entertainment and dining action on Western Avenue, Midtown and Bricktown, then Crown Heights OKC is for you. Discerning people who treasure great quality historic homes that reside in a neighborhood of people who car...
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By Joe Pryor, REALTOR® - Oklahoma Investment Properties
(The Virtual Real Estate Team)
In the 11 videos I posted about the basics of investing in Oklahoma City real estate, I tried to make sure that you had a beginning knowledge about all the details and steps that go into investing in real estate. This final video is about why Oklahoma City is the place to put your money on. Oklahoma City did not experience a meltdown in 2008, it has the lowest unemployment in the US for metro areas over 1 million, and the hihgest rate of personal income growth. Watch the video to see why we are a lower risk market with solid yearly returns on investment. Contact me for more information at joe@joepryor.com. 
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By Joe Pryor, REALTOR® - Oklahoma Investment Properties
(The Virtual Real Estate Team)
One part of your Oklahoma City real estate investment exit strategy that needs special attention is the 1031 tax deferred exchange. This is not a dead end exit strategy because it allows you to sell your properties and buy more without any tax consequence. This video will go through the steps you need to know about to use this strategy to help build your portfolio by maximizing your profit from a sale and reinvesting it into more rental property.
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By Joe Pryor, REALTOR® - Oklahoma Investment Properties
(The Virtual Real Estate Team)
If you invest in Oklahoma City rental property you not only need to know why you are buying it, you also need to know what exit strategies are available to you when you go to sell it. Knowing an overall exit strategy going into an investment purchase will sharpen the reasons for buying, and help you make better decisions. This video and the next one on 1031 tax deferred exchanges will help you underatand the end game of investing in Oklahoma City real estate. For more information, email me at joe@joepryor.com.
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By Joe Pryor, REALTOR® - Oklahoma Investment Properties
(The Virtual Real Estate Team)
If you are investing in Oklahoma City and you are not a real estate professional, then the way you report your income or loss is different on taxes than your primary line of work or active income. This video will talk about that, and also explain why a great Oklahoma City real estate investment with top notch real estate property mangement will be passive in another way, it will be so seemless that you will niot have to worry about it or constantly correcting problems. If you are interested in investing in Oklahoma City real estate, email me at joe@joepryor.com. 
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By Joe Pryor, REALTOR® - Oklahoma Investment Properties
(The Virtual Real Estate Team)
Investing in Oklahoma Curt real estate for sale is all about getting positive cash flow income. Even back in 2005 when investors were wildly speculating in bubble markets and accepting negative cash flow with dreams of riches based on appreciation that soon collapsed, we were telling people to buy on positive cash flow available in Oklahoma City real estate and that appreciation was a bonus but much harder to predict. This video will explain why Oklahoma City is such a great place for income producing property. If you are interested in more information go to my youtube.com channel, joepryor1247, or email me at joe@joepryor.com.
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By Joe Pryor, REALTOR® - Oklahoma Investment Properties
(The Virtual Real Estate Team)
Oklahoma City real estate investment is most of the time leverage with a mortgage that allows you to use the classic other peoples money to extend you portfolio beyond the limits of all cash. We have seen in the past more speculative markets like Florida in previous times have investors doing zero down mortgage loans, but now Fannie Mae requires at least 20% down. This video will deal with what I consider the way to look at leverage which is not just in a down payment and how to minimize risks in investing in Oklahoma City real estate.
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By Joe Pryor, REALTOR® - Oklahoma Investment Properties
(The Virtual Real Estate Team)
When investing in Oklahoma City real estate for sale, or anywhere for that matter, you need the metrics to evaluate whether it is the right investment for you. This video will go into the four most important terms: Capitalization rate, Cash on Cash, Internal Rate of return, and what is Depreciation on real estate. When we get down to actually investing I promise you that you will have an excellent understanding of what these mean bewyond the explanation in the video, but this will give you the right questions to ask when you contact me at joe@joepryor.com.
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By Joe Pryor, REALTOR® - Oklahoma Investment Properties
(The Virtual Real Estate Team)
If you are an out of state or out of country investor looking at Oklahoma City real estate to rent there is one team member that rises above the rest in importance, the property manager. This video will explain how crucial this team member is to insuring you Oklahoma City real estate investment will be a success. In my 24 years of selling investment property I have found that property management can be mediocre at best, which is why I brought a company based in Dallas to Oklahoma City 6 years ago. I had experienced their property management with homes I owned in Louisiana, and I couldn't believe have much better a property manager could be but this company is outstanding. If you are interested in investing in Oklahoma City real estate please contact me at joe@joepryor.com. 
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By Joe Pryor, REALTOR® - Oklahoma Investment Properties
(The Virtual Real Estate Team)
For Oklahoma City investing it is not enough to know a good buy or even to be able to compute a return on investment spreadsheet. After 24 years of selling Oklahoma City real estate investment homes I know that we need the people who understand thge process and give great rates and service. These people include the lender, the insurance agent, contractors, attorneys, CPAs, title workers, and property managers. This video will talk about the importance of all of them.  
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By Joe Pryor, REALTOR® - Oklahoma Investment Properties
(The Virtual Real Estate Team)
This will be a 12 part series to introduce you to Oklahoma City reale state investment opportunities. These are short videos so they will not be comprehensive, rather they are to give you the basics so when we do talk you can have a good idea about what to talk about and why you decided to call me. Much of this can apply to investing anywhere in the United States but since all real estate is local, some of the information is related to the particulars of the Oklahoma City real estate market and the economic and demographics specific to us. 
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