West Norman OK Real Estate | Real Estate Agent, Mortgage, Buy House, Homes for Sale, Property and More

Need to Sell Your Home in Norman?

Jason Nedrow — Mon, 03 Aug 2009 19:34:08 +0000

I have had several calls on how I can guarantee we can sell your home in 45 days. How does that make sense. Well, it is all about positioning you home. In order to guarantee we sell your home in 45 days we have to be the best “value” on the market. What this entails is properly positioning you against your competition and properly “staging” your home. A lot of people are scared of the word staging but it can be as simple as moving some furniture around. Although all properties are different there is a buyer available for yours in 45 days.

I am in the business of helping people and feeding my family. I would not make a guarantee I could not back up. I guarantee we will sell your home in 45 days or I will wave “all” of my commission and continue to list your home for FREE. I don’t know where else you can get that kind of guarantee. There are no gimmicks just results. If I don’t sell it in 45 days I get paid nothing. If you would like help or just have additional questions about your particular situation please call me at 405.922.2968 or visit my website at www.JasonSellsOklahoma.com

Time to Buy a House in Norman OK!

Jason Nedrow — Wed, 01 Jul 2009 15:45:31 +0000

Times are changing. Although, you may not realize it customer sentiment is on the climb. I am in the “trenches” and am the first to see the major purchase transition that is in front of us. Contrary, to most people’s belief sales are up. I normally carry around 14-20 listings at any given time. I am currently down to 5 and have over 10 booked to close.

You can see the transition taking place. The fear of getting involved is now gone and buyers have the fear of missing out on one of the best opportunities to buy. Interest rates, contrary to what you hear, are historically low. THEY WILL NOT STAY THIS WAY! This significantly impacts your buying power! If you are thinking of making a move or just have questions about anything real estate please don’t hesitate to give me a call or visit my website at www.JasonSellsOklahoma.com.

Norman’s Economy is Looking to Stabilize!

Jason Nedrow — Tue, 23 Jun 2009 15:14:36 +0000

fDi Magazine (an international publication) just ranked Oklahoma City as the most cost effective large (populations between 500,000 and 1 Million) city in the United States in its annual North American Cities of the future short list. Oklahoma City was also ranked the third most cost effective city in all of North America (all cities). For more information go to visit the fDi Magazine website. This information will be highly evaluated by companies looking for expansion or relocation.

Even though our unemployment has risen in recent months to about 6.3% that is still one of the lowest rates anywhere in the United States.

Since January 2009 there have been 17 announcements regarding new or expanded business in the Oklahoma City Metro area. Two examples are Advanced Academics, Inc., and OrthoCare Innovations. AAI plans to add approximately 250 new professional level jobs to its Education, IT and Client Services departments at its newly renovated (headquarters) facility in Bricktown over the next 5 years. OrthoCare Innovations head-quartered in Oklahoma will add approximately 83 jobs over the next 5 years with first year wages of $53,542.00.

These are just two of 17 different announcements about expansions in our area in the last 6 months. This information was all provided by the Oklahoma City Chamber of Commerce.

With the oil prices stabilizing and increasing, that will help to stabilize that sector of our economy. OU Physicians center continues to expand every year. According to insiders, the OU Physicians center adds professionals at a rate of approximately 75 per year. Look at the new ProCure Proton Therapy Facility at the Corner of Memorial Road and MacArthur. This is a multi-million dollar facility that will attract professionals from all over the world. Also consider new hospital being built in Norman; the list goes on and on.

So when you hear the negative words of many, you have the facts to help them see the positive side. If you have any additional questions about the local area please feel free to visit www.JasonSellsOklahoma.com or give me a call at 405.922.2968.

Dealing With Norman Appraisal Issues?

Jason Nedrow — Fri, 12 Jun 2009 18:40:28 +0000

Here it comes. Anyone that was “worth their weight” as a professional in Norman real estate has told you that we would be dealing with appraisal issues this year. “What?” you may ask. Well, due to the media scrutiny of the real estate industry as a whole, buyers spent the beginning of the year sitting on the sidelines. The outcome of this is the market comparable properties we have from that time are low at best.

This causes a problem now because Norman appraisers and appraisers across the country have to use “recent sales” as comparables. However, the appraisers seem to understand the problem and are working diligently with the realtors to get the deals done. Again, this is another opportunity in this Norman market for a professional to shine. Make sure your realtor knows the ins and outs of the industry and can help you through these rough waters.

If you need professional assistance or just a consultation please free to visit my website at www.JasonSellsOklahoma.com or give me a call at 405.922.2968.

Interest Rates Have Rocketed Up

Jason Nedrow — Fri, 05 Jun 2009 18:02:45 +0000

Are you scared? You should be if you are contemplating purchasing a home. Not scared of the economy which most of you have been for a while. Scared of interest rates. There has been a monumental shift in consumers over the last couple weeks as interest rates have rocketed up over 9/10′s of a point. The average interest rate now is 5.65% and climbing. This is the most instrumental affect you can have on your home buying. It affects your payment dramatically. For instance on a 300k mortgage at 4.5% the Principal and Interest payment would be $1,520.00 per month. However, at 6% the Principal and Interest would be $1799.00 per month.

There goes eating out a few times a month. It doesn’t make sense to wait. If you are even contemplating making a move you need to take advantage of the interest rates while they are here. Don’t make the mistake of waiting till they are 8 or 9%. You won’t be able to buy as much home. Although you may think these are scare tactics they are not.

Historically, interest rates are really low even at 6%. They will go up. As the economy recovers you will see that this is the truth. If you would like further consultation on your particular situation please feel free to give me a call at 405.922.2968 or visit my website.

Rates are Starting to Creep Up

Jason Nedrow — Fri, 29 May 2009 18:45:02 +0000

Rates are starting to creep up. What? Yes, this week rates have started to climb. Due to the massive treasury issuances and the market not knowing if it can be absorbed rates have started to climb. What does this mean to me? Well, let’s look at it this way. If rates simply climb by 1% you will need houses to decline 10% in value to get the same payment. I know this is pretty broad but is a good rule of thumb.

If you are in the market to buy it would only make sense to do it now so you can get the most bang for your buck. A lot of people don’t believe they can get financed without some exorbitant down payment. That is not true, unless you think 3.5% is outrageous. We can get the seller to pay closing costs and put you in the home of your dreams. There was also a recent bond issuance that could also pay your down payment or a ton of other options to help with down payment.

If you have questions or just need consultation on what your best move would be now please feel free to visit my website or give me a call at 405-922-2968. The time is not right for everyone and therefore you need expert consultation to make the right decision. Make sure the time is right for you.

Are You Getting the Best Exposure For Your Home?

Jason Nedrow — Fri, 22 May 2009 18:40:21 +0000

There lies the question that all sellers should ponder. If your home is priced properly and you have been on the market for a while this could be your problem. Do you know that over 80% of home buyers search the internet to find your home. If you do not have multiple avenues of exposure to market your home you are missing those buyers. This is the way that buyers are looking. Why wouldn’t you go with the most technologically capable realtor. You need exposure.

If you would like a detailed list on how to properly market your home on the internet please visit my website or simply type Jason Nedrow into google and you will see the mass exposure you will get if I market your home.

Just a Word of Advice…Pick a Good Realtor

Jason Nedrow — Fri, 15 May 2009 16:42:20 +0000

Isn’t the media great? It is fascinating to me the questions I receive from buyers right now. For instance, they find a property that is on the market for just a couple of days and want to go in and ask for everything and if the sellers will come down 10% on their asking price. Just a word of advice. Pick a good Realtor. They will tell you when and what you can ask for and still acquire the property.

Where do you think the money is going to come from? The seller has to bring it to closing if for some odd reason they accept. It won’t happen. Your Realtor can tell you tons of specifics about the property which include when it was bought and for how much and if there is a second lien. How long has it been on the market? How does it compare to the other properties on the market as far as price? Let me ask you this. If a property was priced below the comparable properties and had only been on the market 3 days would you ask the seller to reduce the price 10K? I hope not. You need this information to properly assess the situation and you need an expert in negotiation to help you attain the best price based on the property you are purchasing. Don’t listen to the media. I promise you cannot pick the bottom and if you do not snatch up the property you want someone else will. There are too many incentives. Mortgage rates are at all time lows and the government has decided to give a lot of buyers $8,000 cash. You need an expert. Call one.

Auctioning Your West Norman Property

Jason Nedrow — Thu, 07 May 2009 18:03:04 +0000

It seems the newest “trend” is auctioning your property. Let me tell you about my experience with auctions. Although it definitely is a good marketing technique, the results you get can vary. A builder of mine thought that it would be worth a shot to try to shotgun several properties. I agreed to help with setting it up and giving it a run. After several thousand dollars of “upfront marketing costs”, the results were minimal at best. We felt like we did our due diligence in finding the correct auctioneer, but the bottom line is price will always sell homes. We had these homes priced lower than what it would cost to build them.

However, because you associate yourself with an auction, that is not always good enough. The consumer wants to buy it at a price that anyone would buy it at and the several thousand dollars worth of “upfront costs” did not bring in the amount of buyers that were so confidently promised to us. The best way to sell your West Norman home remains to get an experienced Realtor. Do not fall for paying “upfront costs”. Make sure your home gets good exposure and price it appropriately. The last place you want to put your home is with the “bottom feeders”. If you do that, expect to bring a significant amount of money to the table to make up the difference. If you have questions about marketing your home or just want to get an idea of what your West Norman home is worth please call 405-922-2968 or visit www.JasonSellsOklahoma.com.

It Is a Crazy Time For Lending

Jason Nedrow — Wed, 29 Apr 2009 18:26:32 +0000

Wow, it is a crazy time for lending. There is money available but if you are looking at investment property you better have some capital to work with. I am working on closing two income properties that total an assessed value of approximately 200k. We are purchasing these properties for 160k out of probate. They are great rentals and have existing tenants in the homes. However, the bank even with great credit, has required 25% down and won’t allow the seller to pay more than 2% in closing costs. That is a lot of money out of pocket to purchase something that far below market value but it is the new Fannie Mae Guidelines. It is just something we have to deal with. In this environment you need to be creative with your financing. There are tons of deals out there but you may limit yourself as far as what you capital availability is. If you would like help thinking outside the box and structuring deals please feel free to give me a call or visit my website. There are several ways to overcome this capital requirement you just have to be creative. Maybe I can help you think “outside the box”.