Sunday, March 29, 2009

cbTulsa.com is now on your PC or on your Phone

Coldwell Banker Select has launched CBTulsa.com Mobile. Just type “cbTulsa.com” into your phone’s browser and you will be automatically redirected to our new CBTulsa Mobile Site. With this mobile-friendly site, buyers in the Greater Tulsa Area now have easy-to-use tools to search the most up-to-date MLS listings, as well as Coldwell Banker featured properties, all from the CBTulsa Mobile Site with Coldwell Banker agent contact information.

The CBTulsa Mobile Site:

· Displays all pictures and content from all MLS listings in a mobile-friendly format.

· Lets buyers search for properties & open houses based on price, bedrooms, & more.

· Gives buyers the ability to save properties.

· The Address Quick Find allows you to pull up any MLS listing by property address.

For more information contact me at slaunchbaugh@cbtulsa.com

Sunday, March 22, 2009

Be On The Lookout!

One of the greatest hazards any homeowner faces is termites, which do more damage than fires, storms, and earthquakes combined. The damage these intruders cause occurs when they eat, and they survive by eating wood, paper, fiberboard, cotton fabrics and other cellulose products. In the worst cases, they can actually threaten the structural integrity of a home, and that is where the danger lies.
There are several clear indications of termite infestations. In spring, reproductive swarmers emerge in great numbers. Their wings break off after flight, so piles of wings are proof that termites are present. Other signs are damage to wood, visible mud tubes, and live termites.
There is good news for those homeowners who have termites. Today, homeowners have options for treatment from chemical barriers to inground and above ground bait systems which attract termites at their mud tubes. If you want more information, contact your pest control professional, or contact me at slaunchbaugh@cbtulsa.com for the name of a local pest control company.

Sunday, March 15, 2009

Still So Low!

Despite some reports to the contrary, the “economic stimulus bill” does not contain any interest rate subsidy provisions. So, those who are waiting to take advantage of those lower rates should wait no longer. At the time of this writing, home mortgage interest rates continued to stay in the upper 4% to lower 5% range. Such rates are among the lowest available during the past 35+ years. As the table below indicates, now is the time to save money on the purchase of your next home.

For a $100,000, 30-year, fixed rate mortgage

Interest Rates 6.5% 6.0% 5.5% 5.0% 4.5%
Monthly P & I Payment $632.07 $599.55 $567.79 $536.82 $506.69

For more information contact me at slaunchbaugh@cbtulsa.com

Sunday, March 8, 2009

If it is on the market, it’s on...

cbTulsa.com

ANY HOME ANY TIME ON LINE

For more information contact me at slaunchbaugh@cbtulsa.com

Sunday, March 1, 2009

Stimulus For Housing

Congress has passed and the President has signed the American Recovery and Reinvestment Act. Since the bill itself is more than 1000 pages long, it would be ludicrous to attempt to summarize it here. However, as it relates to residential real estate, the bill seems to have two primary benefits.
First, there is a true $8000 tax credit for homebuyers who have not owned a home during the past three years. While the previous $7500 tax credit had to be repaid over 15 years, this $8000 tax credit does not have to be repaid. Also, this tax credit program has been extended until December 1, 2009. The provisions related to income limits remain the same.
The second real estate element of the bill reinstates the higher loan limits for FHA, Fannie Mae and Freddie Mac. In the greater Tulsa market the FHA loan limit is $271,050 and for both Fannie Mae and Freddie Mac the maximum loan is $417,000. The reinstatement of these loan limits is designed “to make mortgages affordable regardless of where you live.”
For more information regarding the real estate provisions of the American Recovery and Reinvestment Act, contact me at slaunchbaugh@cbtulsa.com