Thursday, July 30, 2009

Reshaping Fannie and Freddie

Congress took its first step last month on a mission that could totally reshape the American mortgage market.

A House financial services subcommittee held the first hearing on what to do with Fannie Mae and Freddie Mac -- the failed, trillion-dollar mortgage giants that are now operating under direct federal control.

The ultimate answers are likely to determine the types of loans and interest rates that home buyers will have in the future. That's because Fannie and Freddie have dominated the real estate market for decades, writing the rulebook on everything from loan sizes, credit requirements, downpayments and underwriting standards.

Among the idea floated at last week's Capitol Hill hearing were a "utility" concept, where Fannie and Freddie might be merged into a single, privately-owned, federally-regulated superstore for mortgage money.

The model would be along the lines of the water, power and sewage utilities we see all over the country, but there'd just be one mega-utility to fund mortgages. The utility concept was first proposed last year by former Treasury Secretary Hank Paulson. The Obama Administration has not spoken out publicly on it yet.

Another idea floated at the hearing was to broaden the mortgage menus of whatever agency or agencies replace Fannie and Freddie to include types of mortgages they currently can't touch -- especially jumbo home loans and commercial real estate mortgages.

Frances Martinez Myers, representing the National Association of Realtors, said jumbos and commercial real estate loans are suffering in the credit crunch and need more support. Commercial and investment property owners in particular, said Myers, find themselves unable to refinance because there is neither a private nor public secondary market for their loans at the moment.

The Mortgage Bankers Association came to the hearing with a white paper listing various alternative futures for Fannie and Freddie, including turning them into a government-owned version of the FHA and Ginnie Mae, but targeted on conventional mortgages.

Without endorsing any particular alternative, the MBA also suggested consideration be given to a private "cooperative" model, in which banks and other mortgage industry players would pool their assets and provide secondary market services in addition to mortgage originations.
Under this scenario, the federal government would provide back-up insurance against "catastrophic losses" that exceed the private cooperative's capital and pledged assets.

Where's the debate over Fannie and Freddie headed? Look for Congress to hold more exploratory hearings this year. Then, maybe as early as next year if the recession is over and the market is healthier , the Obama administration might begin drafting its preferred solution - which almost certainly will not involve total privatization.

Source: Realty Times


Bill Whitescarver - Broker Associate
Whitescarver & Associates with Chinowth & Cohen Realtors

Cell: 918-691-7653 Fax: 918-392-0989

bill@billwhitescarver.com
http://www.billwhitescarver.com/

Wednesday, July 29, 2009

IRS Warns: Don’t Take $8,000 First Time Home Buyer Tax Credit If You’re Not Eligible


It was bound to happen. With $8,000 in free cash available to first-time home buyers, somebody had to take advantage of the situation. Follow the link to a very interesting MoneyWatch.com article. If you ARE eligible, or would like more info on how you can benefit from the tax credit, or just need up to date info about the Tulsa Real Estate Market, please contact me. Time is running out!!!

Talena M. Floyd
Chinowth & Cohen Realtors
"Make My Hometown, Your Hometown"
www.WelcomeHomeTulsa.com
Talena@WelcomeHomeTulsa.com
(918) 361-3404

Wednesday, July 22, 2009

The Home & Garden Expo of Oklahoma



The Home & Garden Expo of Oklahoma

Date: July 24 - 26, 2009; Location: Expo Square QuikTrip Center 4145 East 21st Street, Tulsa; Web: http://www.exposquare.com/




This FREE three-day extravaganza will feature nearly 400 booths with exhibitors from throughout greater Green Country and the Midwest, displaying and demonstrating the newest and hottest services for home improvement/repairs, remodeling, gardening, landscaping, lawn care, home insulation & energy conservation, home security, home furnishings and so much more. Admission and Parking are Free.

Friday, July 24, 2009: 12 pm to 8 pm; Saturday, July 25, 2009: 10 am to 8 pm; Sunday, July 26, 2009: 11 am to 5 pm.

Contact information: Steve McDonald 918-493-8531; Expo Square 918-744-1113

And, if your Realtor has advised you to make a few improvements to your home before you put it on the market, this is the perfect place to shop for ideas and vendors! See you there!


Lori Cain, 918-852-5036; lcain@cctulsa.com

Monday, July 20, 2009

Do Tulsa Homebuyers know what they’re looking for?


Do Tulsa homebuyers know what they’re looking for in a home?
I often like to compare the list of the Buyer’s search criteria from the beginning of our home-shopping process to the house that they finally choose. Often, many items they felt strongly about when they began their search are nowhere to be found in the home that they ultimately select.

Are homebuyers THAT wishy-washy?
Not at all. Home buying is a very personal and emotional decision, and the bottom line is that a home buyer will select a home that “hits” them emotionally. They will choose the home that speaks to them and that they can see themselves living in.

Some search criteria will remain constant. Sometimes “location” is the most important criteria. I am currently working with one Buyer that wants a certain geographic area – she grew up in midtown Tulsa and is not buying south of 41st for any reason. Another Tulsa homebuyer is serious about the school district and will not deviate. But a third Buyer only wants a 3 bedroom, 2 bath that’s updated – geographic area is not a concern and this couple just wants something that is low-maintenance and move-in ready, whether it’s in Tulsa, Broken Arrow or Glenpool.

We may start out wanting a large yard and inside utility. After looking at twenty homes, my Buyer falls in love with a home with a small yard and the washer/dryer are located in the garage. What happened? The Buyer fell in love with the mahogany cabinetry that looked just like her grandmother’s home. She loved the flow of the home and the built-in cabinets. Oh, and she loved the deck that she was never looking for in the first place.

To homebuyers, it’s the small stuff that counts.

Did I mention that we had looked at twenty homes? That’s not a large number of homes to look at before making a selection, by the way. I ask my homebuyers not to choose more than six or eight homes to look at in one afternoon or evening, because any more than that is too much information to process. And after looking at seven homes and driving to the last home – alas, we did not go inside. Why? The paint on the exterior was dingy and the landscaping was growing wild. My Buyer literally said, “Oh, let’s skip this one – it looks yucky, and I’m tired.” Had the Seller spent a small amount of money improving the curb appeal of his home, my Buyer might have walked through the front door and fell in love with the many jewels inside.

How do Sellers attract Buyers?

Would you go on a first-date without immaculate clothing, make up (or shave) and stylish hair? Of course you wouldn’t, because you want to make a good impression – a good FIRST impression. So, why would you put your home on the market, expecting to interest Buyers if your HOME did not make a good first impression? Spend a little time, money and sweat on the exterior, because you can’t sell your home if we can’t get our Buyer through the front door!

What we understand about the home buyer’s selection process to help prepare Sellers . . .

Get your home in top-notch condition BEFORE you put it on the market. New carpet to be installed with acceptable offer? Phooey.
I recently worked with some Buyers that just wanted a home that was move-in ready. We found a darling home with a layout they loved, neighborhood they loved and it met all the requirements of their search. And the carpet was stained beyond belief. I asked my Buyers to please shop for carpet and suggested that we write in the contract that carpet of the Buyer’s choosing would be installed prior to closing at a cost not to exceed $____. My Buyers got a quote and that amount was higher than the quote that the Seller already had to put in a decent mid-grade frieze carpet. Had the Seller put that carpet in BEFORE putting their home on the market, it would never have been an issue, but my Buyers did NOT select this home because their emotional attachment was lost.

Lessons learned for Buyers?
Look beyond what you can change and focus on what you can not change. Remember your priorities. It’s okay to re-evaluate as you go, but try to achieve your larger goals.

Lessons learned for Sellers?
Remove as many possible objections Buyers may have before your Realtor puts that sign in the yard and try to make a great first impression!
I am happy to help Tulsa area homebuyers and sellers! Please call me: 918-852-5036; lcain@cctulsa.com!

Friday, July 17, 2009

Not all Realtors are the same. Choose the one that has the plan.


It doesn’t seem to matter if my Buyers are looking at $80,000 houses or $300,000 houses – we will run across listings with no photos, no virtual tours and little information on MLS. And, Buyers often rule out looking at homes that they can’t preview from their home computer.

So, before you sign up with a Realtor to SELL your home, be sure to ask where and how your home will be marketed. Individual Realtors offer different services, and we pay to advertise your home out of our own pocket. We don’t regain that investment until your home sells.

Questions you want to ask your Realtor include: does your Realtor offer the enhanced advertising on realtor.com that allows more photos, extensive verbiage and virtual tours? On which web sites will your virtual tours be displayed?

84% of Buyers are searching for homes on the internet before they ever contact a Realtor, so if your photos and virtual tours are not plastered on YouTube, Realtor.com and a dozen other popular web sites, the number of Buyers NOT seeing (and considering) your home is almost unquantifiable.

Will your Realtor be honest with you about the needed updates to prepare your home for sale? Buyers expect a home to be move-in ready because the inventory of homes is high and they have much from which to choose. Is your Realtor looking at your home through a potential Buyer’s eye?

Does your Realtor offer an electronic keybox, so that your showings can be accurately tracked and does your Realtor follow up with cooperating Realtors to get feedback? Will your Realtor provide good directions and maps to your home so that Buyers and Realtors can easily find you?

What staging services will your Realtor offer and will your Realtor go over comparables to price your home competitively? What steps will your Realtor take to promote a sale within a reasonable time frame? Will your Realtor present you with his/her marketing PLAN?

Lastly, how often will your Realtor communicate with you? You probably know how often your home is being shown if you occupy your property. Establish expectations with your Realtor from day one, and you’ll be less frustrated throughout the selling process.

The Realtor you want to AVOID is the Realtor who says your home is just fine, needs no improvements and agrees to price your home at whatever price you want. Run away from THAT Realtor!

Your home will sell if it is in top condition, priced correctly and marketed aggressively. Choose the Realtor that understands this selling strategy.

Marketing your home is expensive, but priceless.
Lori Cain, 918-852-5036; e-mail: lcain@tulsarealtors.com

Thursday, July 16, 2009

The Contract Offer: What Price to Start With



When a decision is made to make an offer to purchase a home, be sure to go back and take a second look. It is so much easier changing your mind about a home before a contract offer is made than after a contract offer is accepted and signed by the seller. This second appointment would be a perfect time to bring along others who may have an impact on a buying decision, such as parents, friend, contractor, etc.

Go through the home a second time and look beyond the owner’s d├ęcor, whether it was the home just previewed, the first one seen earlier in the day or the one previewed last week. Why? There are many reasons, but most importantly is seeing if the second look creates the same good feeling as the first, and then taking a closer look to see if there are aspects of the home missed during the first preview which may alter the decision to submit a contract offer.
So what is the right price to start with?

That depends on a number of things, such as the risk of losing the home to another buyer, how close to market value the seller’s asking price is and what is the maximum price willing to be paid for the home.

Even though the current market is considered a buyer’s market, there are many properties on the market for sale where the listing price is at, or very near market value, and where price negotiation will not be as great as other properties on the market that are priced well above market value.

In fact, don’t be surprised to find that there are multiple offers being submitted and negotiated. This does occur, more often than most buyers imagine, and it happens when a seller price their home to sell and sets a very attractive list price to attract buyers and sell fast.

When negotiating a real estate purchase offer, the seller wants to sell at the highest price and the buyer wants to buy at the lowest price! The reality is that a home will sell for what is worth, whether a seller is looking to get more or a buyer wants to pay less. Contract negotiation is all about getting agreement.

Often overlooked by home buyers at this point in the home buying process is the experience and value of your REALTOR® in the contract negotiating process. In preparing to make a contract offer, a buyer needs to obtain as much information as possible, and much of that information will be provided by their agent.

This is the point in time when buyers need to have trust in their REALTOR® when asking for recommendations and guidance. The truth of the matter is that this is the point in time when the buyer must know and believe that their agent’s concerns are for them.

The buyer should obtain a sellers disclosure if one is available and obtain additional background information about the home, such as the sellers desired closing time frame, if any offers were previously submitted or if a contract offer is currently being negotiated. This is information buyers should have when preparing to make a contract offer. Information like this is invaluable when deciding what price to offer and how to negotiate when submitting a contract offer.

So how does a buyer start negotiating to purchase a home?

That depends on the home. There are homes on the market for sale that are simply over priced, some slightly over priced, and then there are those listings that are priced to sell. There are home sellers who are pricing their home at three year ago price levels and will sell only if they get their price, there are sellers who must sell within a certain time frame and there are sellers who just have to sell.

In contract negotiations, one size does not fit all. While there are many homes on the market, only one buyer gets to own the home in contract negotiations. A home buyer needs to decide how much they want a specific home and at what price!


Bill Whitescarver
Whitescarver & Associates
Cell: 918-691-7653
Fax: 918-392-0989
Over 350 Homes SOLD in the Greater Tulsa Area since 1999!

Tuesday, July 14, 2009

10 WAYS TO BEAT THE HEAT

Here are 10 tips—most costing less than $25—that will keep you comfortable and cut the typical cooling bill by as much as half. What's needed to get the temperature to drop? Only a little time and a few changes in your routine.

Tip 1: Set the Dial Higher - If you have central air, set your thermostat above 78 degrees. You'll save 5 to 8 percent on cooling costs with each degree above that mark. When you leave home for more than one hour, set the thermostat to 85 or 90 degrees. Reset it upon your return, and the room will cool down in only 15 minutes. The system will use less energy during the cool-down period than if you had left it running at a lower setting while you were out.

Tip 2: Use a Fan - A fan, which costs two to five cents per hour to operate, will make a room feel 4 to 6 degrees cooler. Also, a fan works well in tandem with an air conditioner because the dehumidifying action of the air conditioner provides drier air that the fan can then move around. In frequently used rooms, install a ceiling fan (set it to spin counterclockwise in summer). You'll save the most money by running the fan only when you're in the room. A motion-detector switch (around $20), which turns the fan on when you enter a room and off when the room is empty, is a good addition. If nighttime temperatures drop into the 70s where you live, you might want to purchase a whole-house fan, which runs $300 to $600 installed. This type of unit goes in an upstairs ceiling, ideally in a central hall. When run at night with the windows open, the fan will pull cool air into the house as it vents hot air out through the attic.

Tip 3: Practice "Texas Cool" - The morning and evening routine that takes advantage of cool outdoor temperatures at night and keeps the heat at bay as much as possible during daylight hours. It's very simple to do: At night when the temperature drops, open windows and bring in cool air with window fans or a whole-house fan. As soon as the sun comes up or the air starts to heat up, shut the windows and shades and keep doors closed.

Tip 4: Use Sunblockers - As much as 20 percent of summer heat enters your home as sunlight shining through windows. To cut "solar gain," add curtains or blinds to rooms that get direct sun and draw them in daylight hours. With the shades drawn, a well-insulated house will gain only 1 degree per hour when outdoor temperatures are above 85 degrees. Pay special attention to west-facing rooms late in the day. Two exterior options are to install awnings or plant shade trees.

Tip 5: Install a Programmable Thermostat - A programmable thermostat lets you preset temperatures for different times of the day, so air-conditioning is working only when you are home. The least expensive thermostat models ($30) let you set four cycles that, unless manually overridden, repeat every day. Higher-priced models ($50 and up) allow you to create settings for each weekday and for each weekend day.

Tip 6: Cook Smart - Any appliance that generates heat adds to your cooling load. An oven baking cookies can easily raise the room temperature 10 degrees, which in turn jacks up overall cooling costs 2 to 5 percent. Save cooking (especially baking) for cooler hours, or cook outdoors on your grill. It is also a good idea to run the dishwasher and clothes dryer at night.

Tip 7: Get Cooler Lights - Incandescent bulbs don't contribute as much heat as unshaded windows, but they do add heat to a house and can raise the perceived temperature, sending you to the thermostat to seek relief. To reduce this hot-light effect and save lighting costs year-round, replace incandescent bulbs with compact fluorescents. They use about 75 percent less energy and emit 90 percent less heat.

Tip 8: Snug Up the Ducts - Leaky ducts can cut into air-conditioning efficiency. Ductwork must be balanced between the supply and return sides of the system in order for it to work safely and efficiently, so making a repair in one section can cause a problem in another. Leak-prone areas include the return plenum; where branch ducts meet the trunk line; and where ducts attach to outlets. Also, insulate ducts that run through a hot attic. It's wise to leave these type of repairs to a HVAC pro. While the contractor is on site checking your ducts, have him tune up the air-conditioning unit by cleaning filters, unplugging coils, unblocking drains and lubing the fan.

Tip 9: Seal Air Leaks - The places where cold air infiltrates in winter are routes for hot air in summer. And what's worse, hot air is often accompanied by high humidity, making you even more uncomfortable. Armed with a flashlight, exterior-rated silicone caulk and a couple cans of expanding foam insulation, hunt down and seal all leaks. Concentrate on the attic, basement and crawl space; pay close attention to anything that passes through a ceiling or wall, such as ductwork, electrical or plumbing conduits and kitchen and bath vents. Other common leaky spots are around windows and doors. If you can rattle a window, it's leaking. Seal it with weather stripping.

Tip 10: Defeat Attic Heat - The temperature in your attic can reach 150 degrees on a hot summer day, a situation that if left unchecked can drive up cooling costs by as much as 40 percent. If your attic has less than R-22 insulation — 7 inches of fiberglass or rock wool, or 6 inches of cellulose — you should add more. (The U.S. Department of Energy says most homes should have between R-22 and R-49 insulation in the attic. To check what's right for your region, go to the Department of Energy website.) Also make sure your attic is ventilated. Gable vents can lower attic temperatures about 10 degrees; a ridge-and-soffit ventilation system will reduce attic temperature to around 100 degrees. When reroofing, consider using white or pale-gray shingles instead of dark ones. These keep the attic cooler than dark shingles.

Source: ThisOldHouse.com


The Butler Team
Tina & Mike Butler
(918) 740-1000

Saturday, July 11, 2009

5 COMMON FIRST TIME HOME BUYER MISTAKES

1. They don’t ask enough questions of their lender and end up missing out on the best deal.

2. They don’t act quickly enough to make a decision and someone else buys the house.

3. They don’t find the right agent who’s willing to help them through the homebuying process.

4. They don’t do enough to make their offer look appealing to a seller.

5. They don’t think about resale BEFORE they buy. The average first-time buyer only stays in a home for four years.

If you're a first time buyer or a buyer that's not been in the market for several years, please do the research to find a realtor and lender that will watch out for your best interests. It cost a buyer nothing to have a realtor working for them. The commission typically comes from the Seller, especially if it's a listed property. Mike and Tina are always available to answer your questions and address concerns.


The Butler Team
Tina & Mike Butler
918-740-1000
ButlerTeam@cctulsa.com
http://www.tulsa4u.com/

Wednesday, July 8, 2009

Selling Your Home when the Inventory is High

Don’t be discouraged – it’s possible AND probable that you can sell your home quickly and painlessly if you follow a few guidelines.

If you are interviewing more than one Realtor, seriously question the Realtor that suggests (or agrees to) the highest list price and tells you that you don’t need to do a thing to get your home ready.


I have several properties almost ready to list. Each are in a stage of painting, re-carpeting, cleaning or staging. Because the inventory of homes is high, Buyers will not give your home a chance if it doesn’t sparkle and impress them the moment they see it from the curb and entry. Buyers today have much from which to choose and have little patience. They truly want a home that is “move-in” ready. And, just as a blind date, the first impression means EVERYTHING and sets the tone for what follows.

And, Buyers need to see themselves living in your home. They need to see that their furniture will fit and that they will feel comfortable in your home. You love your home and the way your furniture is arranged – it suits your lifestyle and taste.
But it may not be arranged in such a way to accent your home’s best features or detract from your home’s possible flaws. Get it right before you list your property. Follow you Realtor’s advice and paint the scuffed or out-dated rooms; replace the worn or slightly stained carpet; hire a cleaning crew to clean baseboards and ceiling fans and clear the cobwebs. Hire a home-stager to look at your home through a Buyer’s eyes. Don't be offended by your stager's advice. Do you want to be comfortable in your home while it's on the market OR do you want to SELL your home? Sometimes, even both can be achieved.

There are three criteria to selling a home: price, condition and marketing. Throughout the ebbs and flow of our real estate market, these three criteria have never changed. If your property is in the best possible condition, priced correctly and marketed aggressively, it will sell.
What you DON’T want to do is put your home on the market before it is top-notch condition. The traffic you receive in the first three weeks of your listing will not return if you make improvements later – they’ve already formed an impression of your home. And you DON’T want to over-price your home, thinking you can drop the price later – while price reductions are sometimes inevitable, competitive and realistic pricing from day one will increase your chances of getting top dollar for your property.

Your Realtor will study what is and is not selling in your area and paint a clear picture of estimated time to sell. You should work with your Realtor as a team to sell your home. Make sure that your Realtor is internet-savvy and will advertise your listing multiple places on the internet.

I recently did a market analysis for a property that I hope to list, and boy did that market analysis tell a story. Of the five homes sold in that subdivision in the last six months, four homes had been on the market less than three weeks and sold very close to list price. All three of the "pending" properties had been on the market less than a month. Of the twelve properties currently listed on the market, many had been on the market in excess of two, three, even four months. How could this be? Obviously the homes that sold quickly and for the amount they were listed had followed the three criteria strategy: correct price; immaculate condition and aggressive marketing.
When you consider personal frustration, extended mortgage payments and utility costs, it makes sense to “get it right” before you list. Please call me if you are interested in truly SELLING your home!
Lori Cain, 918-852-5036; lcain@tulsarealtors.com

OOPS, We Did It Again!






For the 3rd year in a row Chinowth & Cohen Realtors was voted Best of the Best Real Estate Company 2009 by the readers of Oklahoma Magazine. This list features outstanding people and places that make Oklahoma a fantastic place to live!

“We are so proud of our Associates,” said Sheryl Chinowth, CEO of Chinowth & Cohen Realtors. “They are the cream of the crop, and deserve all the recognition. We hire the Best of the Best, and I can promise when you use a Chinowth & Cohen Associate they are the best trained and most knowledgeable Associate you can find.”

Chinowth & Cohen Realtors has 4 offices throughout the Tulsa area specializing in Tulsa real estate as well as residential real estate in the surrounding communities of Jenks, Broken Arrow, Owasso, Bixby, Glenpool, Claremore and Skiatook.

We're excited to once again be named the Best of the Best for 2009! It's a great honor and thrill when your clients and friends take time to acknowledge the work you do. And, you can count on Chinowth & Cohen Realtors to maintain the highest level of customer service and ethics to our homeowners and buyers!

Monday, July 6, 2009

Sellers, PLEASE let me show your home – we might just BUY it!

I have been working with Buyers who are looking at homes that are primarily occupied. If we are trying to see eight homes in one evening, it takes a bit of time to map the properties and schedule appointments. These Buyers may spend twenty minutes in a home that has possibilities and may stay two minutes if they don’t like what they see. So, if I tell you I will be there at 7 pm, plus or minus fifteen minutes, Mr. Seller, it’s not my intent to inconvenience you.

You are welcome to stay at home until we arrive, then scoot out for a cup of coffee. But, please, please, don’t ask me if I can come at 6:00 instead of 7:00 or come on another day. If you’re planning to charcoal with friends in the back yard, we can walk around you! Perhaps SEEING you entertain will help my Buyers see themselves entertaining in your home!


Sellers, please be flexible and accommodating. We’re not checking for dust. Just put all the toilet seats down, throw your dirty dishes in the oven and let us come look at your home!
Lori Cain, 918-852-5036; lcain@tulsarealtors.com

Sunday, July 5, 2009

CHOOSING THE RIGHT LENDER

You're shopping for a mortgage and you're overwhelmed with the choices. How do you choose? The first factor most people consider is the interest rate and other costs, but that's only the beginning. You'll also want to think about the lenders themselves, not simply the numbers they're tossing your way. Here are five steps to follow when determining which lender is right for you:

1. Compare fees as well as interest rates. Comparing loans based on their annual percentage rate (APR) is a good place to start, but it's not enough. In the case of a mortgage, to get a more accurate breakdown of costs, ask the various lenders for a formal "good faith estimate" of all the fees you'll incur with your loan -- this is a standard form lenders must provide you that is more detailed than the overview you'll get with an offer. You're not just comparing numbers here: determine how honest and upfront you feel the lender is being, and don't use a lender that you feel is evading your questions.

2. Consider your individual circumstances. Bigger lenders aren't necessarily better than smaller ones, especially if you have unusual circumstances. For example, some lenders specialize in loans for people with poor credit, while others may have more options for those with small down payments. If you have special borrowing needs, look for a lender with experience working with people in similar situations.

3. Look at the range of loan types available. There are more loan options available than ever before, so take advantage of all that choice. Look for a lender who offers a wide variety of loan types, from conventional fixed-rate and adjustable-rate to newer ones such as hybrid ARMs and option ARMs. Your lender should be able to match you with a mortgage that's right for your financial situation and risk tolerance.

4. Evaluate the level of customer service. When you're comparing offers, ask each lender about their policy regarding locking in their quoted rates and see whether there is a fee. You're looking for flexibility and responsiveness. And also note how well they listen to you. If you ask for a 30-year fixed-rate mortgage, they ought to present that as an option, not push you toward something different. If you're not getting good service from a lender who is competing for your business, you're not likely to get it after you've agreed to work with them.

5. Check out the lender's reputation. Word of mouth is important in every business, including the loan market. If you've never worked with a particular lender, you'll want to find out the opinion of people who have.

The Butler Team
Tina & Mike Butler
918.740.1000

Thursday, July 2, 2009

FreedomFest 2009 - A Tulsa July 4th Community Celebration of Fireworks and Entertainment Galore!

Tulsa’s largest fireworks display will be at the River Parks near the 21st Street Bridge on Saturday, July 4th, and entertainment can be found at two locations on the east side of the river and one location on the west bank. Entertainment and street closings begin at 5:00 and the fireworks launch at 9:30. Crowds in excess of 80,000 are anticipated to attend and enjoy this Tulsa Community Celebration.

Demetrius and I have the closest residence to the 21st Street Bridge. Drop by for homemade ice cream, Greek chicken, American burgers and a beer. Bring lawn chairs and bug spray. The high for the day is expected to be 105, and chance of rain is only ten percent!

West bank: Kids can enjoy free inflatables, a rock climbing wall and other activities at the River West Festival Park. Vendors will offer food and beverages for sale. There will be live music from about 6 to 9 pm which will continue immediately after the fireworks display. Paid parking will be available for $5 per vehicle.

East Bank: Live music will begin around 6 pm on the east bank of the Arkansas at 1924 S. Riverside Drive, the former home of the River's Edge Bistro. Concessions will be available for purchase. Bring your own lawn chairs and blankets, as seating is not provided.

Veteran's Park: Tulsa Parks will host their annual American Salute, an old-fashioned family picnic and concert at Veteran's Park, 1875 S Boulder Avenue. Live entertainment will begin around 6 pm with performances by Cindy Cain and Jennifer & Pete Marriott. Vendors will offer food and beverages for sale.

Street closings: The entire 21st Street Bridge will be TOTALLY CLOSED from 11 am to midnight to prepare for the fireworks. Other streets closing from 5 pm to 10:30 pm are: Residential streets from Jackson to Southwest Blvd. between 17th and 23rd Streets. (Jackson Avenue will remain open.)
Riverside Drive, from Southwest Boulevard to 31st Streets.

No parking permits are issued to residents this year. Residents are told that we (and our guests) will be able to access our residences by approaching from the east. Please provide the guards at the barricades your address and they will let you through.

For more information, visit the event's web site: http://www.tulsafreedomfest.com/ or call 596-2001.
 

South Tulsa 918-392-0900 | Mid Town Tulsa 918-392-9900 | Broken Arrow 918-259-0000 | Owasso 918-392-9990

Affiliate Member of LuxuryHomes.com