The USDA Rural Development (RD) property map showing Eligible and Ineligible areas: Complete information about RD Financing is available directly from the United States Department of Agriculture (USDA) Rural Development (RD) website: Income Eligibility Requirements (only look at Guaranteed Loans, not Direct Loans, unless you know you qualify for Direct, which is very uncommon) Property […]
The Oklahoma Department of Environmental Quality (DEQ) Water Quality Division may be your best resource if you have additional questions.
A well-prepared Comparative Market Analysis (CMA) is considerably more reliable than an AVM. The “A” in AVM stands for Automated, not Accurate.
The real estate contract specifies that items affixed to the property (e.g. plumbing, curtain rods, garage doors, etc.) are included (unless specifically excluded) and items not affixed to the property (e.g. floor lamps, drapes, vehicles) are excluded (unless specifically included). However, we wouldn’t want every item under the sun to just be a one-line mention in the contract.
Mortgages, by definition, are loans for purchasing real estate. As such, if a manufactured home is still mobile, a mortgage cannot be used to purchase it.
The National Association of REALTORS® (NAR) created “A Buyers’ and Sellers’ Guide to Multiple Offer Negotiations” to inform buyers and sellers of the potential consequences of multiple offer situations. Below is the content of that document from September 27, 2005. Copyright 2005 National Association of REALTORS® Information for Buyers In some situations sellers will have […]
There are several home buyer assistance programs available in the Tulsa Area for low- and moderate-income buyers looking to purchase their primary residence. Some programs can even benefit non-first time homebuyers. Each program has its unique set of financial, location, and other and/or other eligibility requirements. Different types of assistance that may be available include: […]
The “Blue Tape” Inspection After you’ve contracted on a new home, your builder will schedule a walk-through inspection. Typically, they’ll provide you with a roll of blue painter’s tape and you’ll both walk through the house looking for anything and everything that isn’t right. If there’s a nick in the paint on the wall, put […]
There are some situations where you may want or need to apply for a mortgage in only one of your two names. Examples, how to apply, how to sign at closing, and what happens if the borrower dies before paying off the loan.
Whether done on the same day as closing or a period of time later, you can transfer a property you own in your personal name to your business (e.g. LLC, corporation, etc.) or other entity you have controlling interest in (e.g. trust). If you own the property without a mortgage, you can transfer ownership simply […]