Tulsa, OK Real Estate News

By Tom and Bev Herring, Tulsa Oklahoma Real Estate
(Coldwell Banker - Rader Group)
Come One Come All to the Tulsa State Fair The Tulsa State Fair will be in full swing in just another week. It’s the City’s largest family event that provides entertainment and educational experiences during a two week celebration. This annual event is perfect for the whole family to enjoy so bring your family and friends out to see all the activities available. Quick fun fact, the event was originally organized in 1903 and was called the Tulsa County Free Fair. Over time it has grown into what we now know as the Tulsa State Fair. The goal has always been to provide an educational experience that is completely fun filled. So, after 100 years, this event still stands out as one of the premier fairs across the nation with an estimated 1.1 million visitors. Attractions will include the Okl...
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By Lori Cain, Midtown Tulsa Real Estate Top Producer
(eXp Realty)
Wild Brew, as advertised, is the greatest party ever hatched in Tulsa Oklahoma! Tulsans gather to drink GREAT BEER while donating to the Sutton Center, a nonprofit organization dedicated to funding conservation solution for birds and the natural world. One year the party slogan was “Birds. Brew. Beer.” Wild Brew is a Craft Beer Tasting and Restaurant Crawl benefiting the Sutton Avian Research Foundation. It’s a kick-ass party for a good cause. Tulsa continues to be a city that supports local charities. Wild Brew is an awesome example of that, with local restaurants and breweries contributing to the cause of keeping the birds safe. Patrons enjoy local Craft beers and scrumptious eats. I love birds and come from a long line of bird watchers. I am happy to contribute to an organization who...
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By Lori Cain, Midtown Tulsa Real Estate Top Producer
(eXp Realty)
Tulsa Route 66 Main Street plans to use a little bit of Oklahoma history to revitalize the iconic Mother Road along Southwest Boulevard in Tulsa with the first annual Bunion Derby 5K Race & Sock Walk Saturday, September 13, 2014. The new event was inspired by a 1929 footrace from Los Angeles to New York created as a publicity stunt to highlight the opening of Route 66 just two years earlier. Andy Payne, a part Cherokee farm boy from Foyil, Oklahoma, won the 3,554 mile race. Payne had no idea he was setting what is now referred to as "The Oklahoma Standard" defined as "perseverance through adversity and the enduring Oklahoma Spirit." The September 13 Bunion Derby incorporates three separate events offering runners, walkers and fun-lovers the opportunity to tap into that spirit. A portion...
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By Lori Cain, Midtown Tulsa Real Estate Top Producer
(eXp Realty)
 You would be surprised how often I am asked, “Lori, how’s the Tulsa real estate market?” A girlfriend at the Driller’s baseball game asked me that last Saturday night. “It’s great,” I respond! It’s impossible for me to answer how the real estate market is in a one-sentence answer. I have been very fortunate in selling homes in Florence Park this summer in two and four days on market – for at or slightly below list price. However, I have a listing at 65th & Yale that’s been on the market for almost four months. Even in Tulsa, the real estate market is going to vary from neighborhood to neighborhood, school district to school district. Midtown Tulsa is my favorite part of Tulsa in which to sell. Properties here appreciate better than in most areas of Tulsa – and they’re easy to sell if t...
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By Tom and Bev Herring, Tulsa Oklahoma Real Estate
(Coldwell Banker - Rader Group)
  Tulsa OK August 2014 Events It’s already the middle of August and many events have passed; however, there are still plenty of events to catch before the months ends. Therefore, we have found several events you may be interested in, which are great for the whole family. So, bring your family and friends to have some end of summer fun and make good memories. Youth Skeet Camp – Young ones from12 to 18 years old will learn Skeet Shooting that will be taught by the certified instructors of the National Skeet Shooting Association. Included in the price are the shot shells, targets, continental breakfast and lunch for three days. Classroom and field work each day. Class begins at 8:00am and ends at 5:00pm. Camp will include safety, etiquette, theory of leads, practice regimen, rules of the g...
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By Tom and Bev Herring, Tulsa Oklahoma Real Estate
(Coldwell Banker - Rader Group)
Broken Arrow OK Real Estate Once a rural community of ranches and farms, Broken Arrow is now a thriving city and one of Oklahoma’s fastest growing cities; a distinction it has held for over four decades.  Money Magazine (2006) has named Broken Arrow real estate as one of the “Best Places to Live in America”, ranking the city’s placement as #66.  Broken Arrow has also been rated the safest city in Oklahoma for the past two years and ranks #46 as one of the safest places to live in the nation.  Statistically, no other Oklahoma City even comes close.  What makes this city such a great place to live?  Quality of life is the answer.  Find out what qualities Broken Arrow has to offer its residents. Broken Arrow’s Economy Although it was once considered a bedroom community, Broken Arrow now p...
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By Tom and Bev Herring, Tulsa Oklahoma Real Estate
(Coldwell Banker - Rader Group)
4th of July 2014 Events in Tulsa OK Plan your Fourth of July holiday and honor the red, white and blue with this list of patriotic events and fun festivals in and around Tulsa OK. From big city events in Oklahoma City and Tulsa to hometown celebrations, we have the details here. Tulsa FreedomFest - Visible for miles around, an estimated 80,000 spectators will view this event from locations all along River West Festival Park, Veterans Park, and the Arkansas River! You can experience the full effect of this patriotic celebration by tuning in to radio sponsor KRMG (740 AM & 102.3 FM) during the display and listening to the accompanying music. If you will be celebrating at home, you can turn to KTUL Tulsa’s News Channel 8 to watch live coverage of Tulsa FreedomFest Fireworks Grand Finale i...
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By Tom and Bev Herring, Tulsa Oklahoma Real Estate
(Coldwell Banker - Rader Group)
Swim Lessons & Public Pools in Tulsa Oklahoma If you are living in or visiting Tulsa OK this summer you will have a chance to attend the World’s Largest Swim Lesson. Join tens of thousands of people from around the globe in efforts to help prevent childhood drowning by teaching children to swim. This year’s event will be called ‘Swimming Lessons Save Lives’. This World’s Largest Swim Lesson will also attempt to set a new Guinness Book of World Records for the most swimming lessons ever conducted at one time. Currently, the record is 32,450 participants, which was done in 2013. There were over 430 facilities in 13 different countries participating in that record. You can join this record breaking event at Reed Parks this Friday, June 20, 2014. Tulsa Parks will be hosting the event. You ...
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By Tom and Bev Herring, Tulsa Oklahoma Real Estate
(Coldwell Banker - Rader Group)
Home Buyer Tips: How to Choose the Perfect Neighborhood You’ll never enjoy your home if you don’t like your neighborhood; therefore, we have compiled some easy steps to help you find where you belong when choosing a neighborhood. So, how do you choose the right neighborhood? Well, start by becoming a detective to find what you are looking for. Make a list of things that are important to you in a neighborhood, such as “what makes a neighborhood attractive?” Include in your list what the “must-haves” and would “like to have” are. Don’t forget what fits into your lifestyle and what your dislikes are. Other things to consider: * What style of home do you want? * Is the neighborhood in your price range? * Are you planning to have children or do you have children? * Consider the quality of t...
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By Tom and Bev Herring, Tulsa Oklahoma Real Estate
(Coldwell Banker - Rader Group)
Tulsa Tough Bicycle Races in Tulsa OK The Saint Francis Tulsa Tough bicycle races will soon be getting in gear with greased chains, filled tires and lots of spandex to go around. This super tough event will begin in the Blue Dome District on Friday and will end on Sunday as riders power up Cry Baby Hill. This race brings some of the toughest cyclists from around the nation. There will be several races scheduled throughout the event with long rides through the hills and there will be a family ride on Sunday. The criterium race will be short, high speed races around a track so bring your family and friends to enjoy this fun event. Volunteers are needed for the event also. So come out and be a part of the one of the most exciting events in Tulsa. You can help create three unique days of cy...
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By John Regur, Branch Manager, Hamilton Group Funding NMLS#831824
(Hamilton Group Funding, NMLS#831824)
Tulsa, Oklahoma Down Payment Assistance Tulsa, OK, has a new down payment assistance program called the Tulsa County Home Finance Authority Turnkey Mortgage Origination Program.  Paired with an FHA, VA or Rural Development Loan, this program may assist more borrowers in qualifying for no-down-payment financing.  That's right; own your home, 0% down payment.  Tulsa Oklahoma down payment assistance is back. In fact, low down payment loans are coming back entirely (click here to see the latest update). 96.5% Financed - 0% Down Payment Housing Agencies around the country provide Down Payment Assistance in the form of grants, zero or low interest loans, or assisted rates.  Some cities even have their own home buyer assistance and homeowner rehabilitation programs (click here to see those ava...
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By John Regur, Branch Manager, Hamilton Group Funding NMLS#831824
(Hamilton Group Funding, NMLS#831824)
How to Use a Goodwill Letter for Credit Enhancement If you are told your credit score is too low, you have to quickly make a choice:  is this OK with you, or do you want to fix it.  I mean to say, you have  to take action, with absolute decisiveness; you have to stand up and make it the time to do something.  And sometimes you have to ask for forgiveness. In certain situations, we may be able to fix credit with a goodwill letter.  Take this for example: let's say you have been a Lowe's or Home Depot  customer for years, and a few years back you took out a credit card to take advantage of 6 months of no interest or 20% off purchase or whatever.  Imagine you paid your  bill timely for several years and then you had some health or family problem that really got you off track.  Let's say t...
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By Tom and Bev Herring, Tulsa Oklahoma Real Estate
(Coldwell Banker - Rader Group)
Tulsa OK’s Bright Economic Future  If you are looking to relocate to a city that has a bright economic future, you should consider Tulsa, OK. The Tulsa Regional Chamber who has led Tulsa’s Future Plan has played a huge role in boosting the economic development of northeast Oklahoma. From this news, even one of the surrounding cities to Tulsa, OK would be a great spot to start over in a strong economic community. The accomplishments of Tulsa’s Future Plan has been touted on my the Governor of Oklahoma. Acknowledging the fact that Tulsa has been a large part of the economic development throughout the community. The effort of working together to create economic prosperity and a higher quality of life for the whole area is what’s top on the agenda, which is creating a stronger economy thro...
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By John Regur, Branch Manager, Hamilton Group Funding NMLS#831824
(Hamilton Group Funding, NMLS#831824)
How Do You Know if a Condo Association is a Good One? This is a question often under-looked by Tulsa, OK, condo buyers.  Condos may provide great bang for the buck, inexpensive amenities and low-maintenance, but this is accomplished through all of the homeowners in the building working as a cooperative.  Often, condominium buyers do not give enough consideration to the quality of the Condominium Homeowners Association. My first piece of advice: find out if the association has completed HUD approval.  Click here to read more about HUD Approved Condos. Not All Tulsa, OK, Condo Associations are Equal. Many Tulsa, OK, neighborhoods have a Homeowners Association, or HOA for short.  They are designed to maintain "standards" for the development and keep the neighborhood in good repair.  The d...
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By Lori Cain, Midtown Tulsa Real Estate Top Producer
(eXp Realty)
Lewiston Garden boundaries are 15th Street to the north, 21st Street to the South, Lewis to the west and the Broken Arrow Expressway to the east. A mirror image to Florence Park on the west side of the BA Expressway, Lewiston Gardens covers a small geographical area. They’re similar neighborhoods in that the architectural styles include cozy bungalows and the neighbors are friendly. Lewiston Garden homes were built from the 1930s to 1950s, with minimal new construction mixed in. There are six active properties in Lewiston Gardens ranging in price from $150,000 to $364,500 – quite a spread. Average list price is $213,866 and average size is 1,460 square feet. Two properties are pending – one listed for $212,000 and one for $214,000. Of course, we won't know what they sold for until they ...
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By Lori Cain, Midtown Tulsa Real Estate Top Producer
(eXp Realty)
The Renaissance neighborhood is south of the University of Tulsa and north of Florence Park. It’s the midtown Tulsa area between Lewis and Harvard, 11th to 15th. As property prices are rapidly increasing in Florence Park, many first-time Buyers are choosing the Renaissance neighborhood to make their home. Charming bungalows built in the 1920s and 1930s abound and architectural styles are varied. As of April 25, 2014, there are 11 active properties ranging in price from $79,000 to $229,000, with an average list price of $149,754 and average square footage of 1,514. Twelve properties are pending, which shows good solid movement of inventory. We don’t know what the pending properties sell for until they are sold, but days on market average 49 days – which is a good indication that these pr...
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By Lori Cain, Midtown Tulsa Real Estate Top Producer
(eXp Realty)
Today we truly got a sneak peak of the new Florence Park Café owned by Jonathan Haring – on 15th Street, just west of Merritt’s Bakery. Jonathan’s staff doesn’t start until May 1st, so he was truly multi-tasking today when we went by for lunch. The restaurant will be open 8am to 4pm Monday through Friday and 9am to 1pm on Saturday. Address is 3142 East 15th Street – close to the 15th & Harvard intersection. Breakfast will include cinnamon rolls on a daily basis, plus whatever the chef/owner feels like preparing. Since he makes his own bread and pastries, you can bet the daily specials will be whatever is fresh and in season. For lunch today, we tried several things. My husband Demetrius had a ham and Swiss sandwich AND a ham and cheese quiche. Christie had an Italian black forest ham sa...
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By Patrick Chicklinski, 918-946-4218, NMLS # 469258
(Producing Branch Manager at Cardinal Financial Company.)
How many times do you call your lender or your clients call you and asks this question? What is the status of our file? Most times it becomes very frustrating trying to get updates as to where you are at in the process. Communication is the number one item that Realtors will say is the most important aspect of the transaction. How many times have you been on the other side of a transaction and there was no communication at all? I am sure you all have some war stories from past closings. PrimeLending has recently rolled out our Mobile Partner App! This app gives you Real-Time access to your working pipeline of files with us. You can see what percent of completion the file is in from 0-100%. This is a game changer for our industry, no more wondering when the appraisal will be in or if tit...
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By John Regur, Branch Manager, Hamilton Group Funding NMLS#831824
(Hamilton Group Funding, NMLS#831824)
When do interest rates go up in Tulsa, OK? Everybody is talking about interest rates, particularly about how they will move and when to lock your rate in.  So, how do interest rates move? It all starts with securitization.  That is when a bunch of individual mortgages are put together into a giant pool of loans.  That pool of loans is further segmented down into mortgage bonds, which themselves are classified based on their risk profile - from AAA rated bonds (the lowest risk class) to unrated bonds (or "junk bonds",the highest rated risk). Every day, Mortgage Backed Securities are traded, just like stocks - and like stocks, Mortgage Backed Securities are very volatile.  Today they moved up and down all day, as they do every day.  Now the price of these bonds, and the mortgage rates tha...
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By Tom and Bev Herring, Tulsa Oklahoma Real Estate
(Coldwell Banker - Rader Group)
Tulsa OK Events – April 26, 2014 If you will be in or around Tulsa, OK this weekend, check out all the great events on April 26, 2014. There’s absolutely something for everyone. Don’t let the day pass you buy, get out and enjoy some local festivities. Tulsa OK Events: Herbal Affair and Festival – Come out to the 25th Annual Herbal Affair & Festival. There will be more than 85 vendors on-hand selling herbs, perennials, natives and heirlooms plants, along with herbal products, gardening supplies and décor and more. Event Details: Date: Saturday, April 26, 2014 Time: 9:00 am to 4:00 pm Location: Downtown Sand Springs, OK Cost: Free The Color Run – The Color Run was founded in January of 2012 as an event to promote healthiness and happiness by bringing the community together to participate...
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