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November 30th, 2017 11:01 AM
Did you know that over 90% of all Millennials own a dog. Please give us a call for information on First Time Buyer's Programs. You will be surprised on how easy it is to own your first home.

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Posted by Dave Moeller (Broker/Owner) on November 30th, 2017 11:01 AMLeave a Comment

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May 17th, 2017 10:56 AM

 

Whenever either I or one of my Sales Associates speak with a client about listing their house with Redbud Realty & Associates the subject of Zillow’s Zestimates always comes up.  Zillow is becoming a giant in the real estate industry, however, is it always the most accurate in telling you what your home is worth or does it provide you with a value for your new home purchase?

 

Zillow uses a proprietary formula to determine its pricing information, but do they know your house or the specifics of the area.

 

Using a competent REALTOR who can provide you with an accurate Market Analysis of the property, whether buying or selling, is the only way to gain accurate information about home values. 

 

Please take a look at an article that was in The Oklahoman on May 13, 2017 that speaks about Zillow’s Zestimate:

 

ZILLOW UNDER FIRE FOR ZESTIMATE SYSTEM

 

 

After reading the article, give us a call when you are in the market to Buy or Sell.


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Posted by Dave Moeller (Broker/Owner) on May 17th, 2017 10:56 AMLeave a Comment

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November 16th, 2016 1:47 PM

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Posted by Dave Moeller (Broker/Owner) on November 16th, 2016 1:47 PMLeave a Comment

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June 14th, 2016 12:58 PM

How do HOAs work?

When you purchase a home, there’s a good chance you’ll have to pay a homeowners association fee, especially in gated communities, townhouses, condominiums, and other similar planned neighborhoods. The idea is to keep common areas clean and maintained, and there’s usually an HOA board that is responsible for setting the rules and regulations.

Each HOA is different, but most have the same core elements. You’ll typically pay your HOA fees either monthly or annually, and it’s an important factor to consider when you’re weighing your options for a new home. So what is typically included in your HOA fees?

First, the fun stuff Amenities are typically the big perk of living in a community with an HOA. While you lose out on some of the freedom of living without an HOA, you instead get community amenities like a maintained pool, gym, clubhouse, tennis courts, and other amenities. The HOA fees pay for cleaning and maintenance, so—in theory—you’ll always have a clean pool whenever you want to use it.

Protecting the community HOA fees often contribute to insurance for the community amenities, as well as a fund for unexpected repairs to damaged community property—think damage from weather or accidents.

General maintenance Your HOA fees will go toward maintaining the general safety and upkeep of the community. This means things like elevator maintenance for condominiums, snow removal, maintaining common areas,  and trash/recycling services.

Be active in the association There may be a board of directors, but homeowners associations exist for the betterment of the entire community, and every voice matters. HOA meetings—and the amenities they support—provide great opportunities to meet your neighbors and make your community a better place.




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Posted by Dave Moeller (Broker/Owner) on June 14th, 2016 12:58 PMLeave a Comment

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May 26th, 2016 10:03 AM

Home staging: Does it make a difference?

It seems to be universally accepted that home staging will help your home sell faster or for the best price—it’s been the common practice in the real estate business for a long time, and on the surface it seems like a no-brainer. Of course potential buyers will be more interested if a home is properly decorated, right?

That’s not necessarily true, according to a recent academic study. The study surveyed 820 homebuyers by showing them one of six virtual tours of the same property. In some instances the home was decorated with traditional furniture and color schemes, while in others more eccentric furniture and colors were used. In other tours there was no furniture at all, just empty rooms.

The overall results of the study were that staging is unlikely to increase a home’s sale price, and that staging isn’t quite as important as everyone believes.

Of course, real estate trends vary greatly from market to market. If you have questions about staging, give me a call at 405-659-5205



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Posted by Dave Moeller (Broker/Owner) on May 26th, 2016 10:03 AMLeave a Comment

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May 18th, 2016 11:32 AM

The Dream of Owning a Home

Many people dream of owning a home but feel burdened or worried by a less than great credit score, but there are many options that do make that dream possible. VA and FHA are just two of the options that allow a larger majority to own a home; here in Oklahoma we have more options from the Oklahoma Housing Finance Agency. The OHFA has several programs where you can be a repeat home buyer (have previously owned a home), and others geared towards firefighters, police, and teachers. These programs allow down paid assistance up to 3.5%, no first time buyer requirements, and a maximum purchase price of $270,975, maximum income limits vary but are usually $85,000 for a family of four, with credit scores at low as 640.

Ask your Lender if they are eligible to provide this valuable purchase option to you.  If not, we can provide you a list of participating lenders.

You can find more information here at OHFA https://www.ok.gov/ohfa/Homebuyers/Buying_a_Home/index.html

Or call us at Redbud Realty & Associates and let us walk you through the process so you can be on your way to owning a piece of the dream.

Redbud Realty & Associates

405-216-0020

Dave Moeller

405-659-5205

 


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Posted by Dave Moeller (Broker/Owner) on May 18th, 2016 11:32 AMLeave a Comment

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The New College Savings Plan: Real Estate!

 

In the last couple years, student loan debt has received a lot of media attention. College costs are steadily rising, and students are graduating with more and more debt. The class of 2014 graduated, on average, with more than $30,000 dollars worth of debt. For millennials and beyond, these huge debt numbers are delaying major life events, such as marriage, purchasing a first home, and more.

 

For many parents, easing the burden of the costs of education for their children is a major priority. However, parents are finding it harder to set aside enough money to meet the rising costs. According to Trends in College Pricing and Trends in Student Aid reports for 2014/15, the average cost of attending a public rose about 3% to $23,410.

 

To meet the rising costs, many parents are investing in real estate as a unique way to save for their childs education. Ultimately, investing in real estate as a college savings plan can pay for itself!

 

The idea is to purchase a house as an investment property when a child is born or very young. The investor then rents that property out, letting the cash flow generated from rent pay off the mortgage on the property. By the time the child reaches college age, the parents own the property outright, and can sell the property in order to fund their childs education.

 

For example, lets say new parents purchase a $100,000 house with $20,000 as a down payment. They take out a 15-year mortgage for the balance at 4 percent interest. Their mortgage payments would be around $600 per month, or $7,200 for the year.

 

If they rent the house out for $1,200 a month and have around $325 per month in expenses (taxes, insurance, repairs), they should see about $3,300 in cash per year from rental income for the first 15 years. After the first 15 years, the mortgage is paid off, resulting in even greater cash flow. In this example, the resulting cash flow for years 16 and 17 could be up to $21,000!

 

Over 17 years, the cash flow from this property would add up to $70,500!  Keep in mind, however, that this example does not account for rent increases or appreciation for the property!

 

While it is difficult to determine what future tuition will be, the generated cash flow in addition to the appreciated value of the home should more than pay for most four year universities.

 

You can see why more and more parents are taking advantage of this opportunity. Real estate investing for college savings is a powerful strategy.


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Posted by Dave Moeller (Broker/Owner) on June 24th, 2015 10:54 AMLeave a Comment

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Warren Buffet said about paying taxes, “…I’ll probably be the lowest paying taxpayer in the office.”

 

And he isn’t lying. Big investors like Warren Buffet know that income earned from investments is typically taxed at a much lower rate than standard income. And among all of the investment vehicles available, investing in real estate can earn some of the biggest tax savings out there.

 

Deductions

Real estate investors can deduct numerous expenses on their investment properties, including repairs, cleaning and maintenance services, legal fees, and even travel to and from the property.

 

Depreciation

Depreciation is the loss in value of a property over time due to typical wear and tear. While primary homeowners can’t claim depreciation, investors can, and deprecation often provides a large tax break for up to 27.5 years.

 

Capital Gains and 1031 Exchange

When an investor sells a property, he or she must pay taxes on any profit acquired from the sale. However, any profit they earn will be taxed as capital gains and not income, and long-term capital gains through real estate (investment properties that are held for longer than one year) are currently given a preferential rate compared to ordinary income tax.

 

At times, an investor may choose to defer these taxes by using Section 1031 of the Internal Revenue Code. Section 1031 allows a real estate investor to sell a rental property, use the profits to purchase a replacement property, and defer the capital gains taxes.

 

Investing in Real Estate

Of all the investment vehicles out there, real estate truly offers the most money savings and wealth building! If you’re thinking of investing, take advantage of today’s market conditions and find a great property for you!

 


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Posted by Dave Moeller (Broker/Owner) on March 19th, 2015 4:26 PMLeave a Comment

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If you’re planning on selling your home in 2015 there are five crucial decisions that can help you maximize your sale price, get your home sold quickly and do it all without the mountain of stress that often comes with the sale of your home.

Decision #1 –   Decide to prepare sooner than later. Home sellers who wait until spring to get their home “ready” are already behind the curve. The real estate year is in full swing by March 1st and homes that sell quickly and for top dollar during the “selling season” are the homes where the owner had a plan, got their home ready, staged, and listed early in the year.

Decision #2 –   Decide to prepare yourself emotionally. Selling your home can be very emotional. When you receive an offer for less than you think your home is worth, it generates a whole host of negative emotions. You can feel angry, frustrated, and think everyone is trying to steal your home from you.

Well, they’re not. Buyers just want to know they’re getting the best price. We all feel similar when we make a big purchase. So be careful to manage your emotions. And if you get a “low-ball” offer rely on the help of your trusted professional, me. We can often gently negotiate the price into a range where everyone wins. The key is to keep your emotional swings in check.

Decision #3 –  Be realistic and price your home accordingly. One of the big keys to getting your home sold quickly, for the most money, is pricing it correctly. If you price your home too high, thinking you’ll “test the market,” it can be costly. Your home can sit on the market too long and get labeled as a “no-need-to-show” because you’re viewed as being unrealistic.

You see it all the time. Sellers think they are going to “hold out” and get a better price. Well, you need to consider how soon you want to sell? The reality is you can get just about any price you want if you’re willing to wait long enough. If you wait 5-7 years your home will very likely sell for a more than it will today. But if you want to sell in 90-120 days for top dollar, pricing is a crucial issue that you should discuss at length with me, as your trusted real estate professional.

Decision #4 – Reconcile reality quickly. This is somewhat similar to decision #2, but it’s actually more practical and actionable. Emotions can be hard to define and control, like in point #2. But what is fairly easy to judge is your market’s numbers, and the realities of value.

Agents always hear things like, “But my home has this, this and this. Therefore it should be worth a lot more.” In theory that’s somewhat true. However, the reality you have to be prepared to reconcile is, if people won’t pay more for those things, it doesn’t make your home worth more.

Now don’t get me wrong. I’m not trying to soften you up so you give your home away. The goal is to help you get the highest possible price, in the shortest time, with the fewest hassles. But something that’s very important to deal with is reality, not wishful thinking. Wishful thinking backs tens of thousands of home sellers into very difficult positions every year.

Having a clear objective view of reality, as well as a trusted professional to help guide you through the emotional ups and downs, can help you avoid a massive mountain of emotional stress, while your home just sits on the market.

My encouragement is, prepare yourself for the true realities, while maintaining high standards throughout the process. It’s a balancing act that with the help of a trusted professional can be far easier to navigate.

Decision #5 – Trust your gut. When interviewing agents there are few things more important than a deep level of trust between you and the agent you choose to represent you. And trust comes in two crucial parts. The first is professional competency.

To trust someone with what is likely the single biggest financial transaction of your life, you need to have confidence that the agent you choose has the skills, technology and ability to fight hard and win what’s in your best interests. That’s why choosing someone just because they’re a “friend of the family” isn’t always the best choice.

The second layer of trust is personal. When you work with someone on something as important as the sale of your home, you need to know you can trust that person personally.

You need to feel a deep sense of confidence that your agent puts your needs in front of their own. It’s not about flash and glitter, or how many homes that agent sold. What’s important is, “Can I trust this person with my financial future?”

That’s where “listen to your gut” comes in. most of us can sense authenticity and integrity. It comes out in many ways and generally when you’re in the presence of it you know in your gut. Sometimes the person might be a little quirky, other times they’re not, but again it’s not about flash and charisma.

The bottom line, choose someone you trust on both a professional and personal level and “go with your gut.”

I hope you found these suggestions helpful. Selling your home is a life altering series of decisions. The better prepared you are to make those decisions effectively, the better the end result.

And as always, if there is anything at all I can do to help you, please feel free to call me at 405-659-5205. The conversation is always free and you’re under no obligation of any kind. My entire objective in our conversation is always to help you in any way that I can.


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Posted by Dave Moeller (Broker/Owner) on February 10th, 2015 12:07 PMLeave a Comment

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February 6th, 2015 1:19 PM



You are out there looking for a new place to call home.  I am guessing that it is probably the first home you have ever purchased.

 

So what is important to you?  In the past, the goals have always been jobs, homes, marriage, kids, and schools.

 

Those things are still important, but do you want it all right now, or are you looking for something a bit more abstract that will add excitement and fun, using your creativity.

 

Let’s consider a brand new builder home.  Nice, shiny, pretty stuff, fancy paint.  They are an awesome picture right out of HGTV, the Model Home, and Pinterest.  Aren’t planning upgrades fun?  Pretty soon, you drive it off the lot like a new car, and find out it is worth less than the purchase price in a competitive market.  But then life happens and your needs change.  And now you have an non-competitive anchor and not an easy to sell house.

 

Now let’s look at the home down the street.  You know the one – it’s close to the Dog Park, has a real easy commute, close to shopping and easier on your income level.  Sometimes, the starter home is of more value than having that “perfect” home now.

 

The answer is that with a starter home, you can apply your personal taste and decorating style much easier and on your time schedule. Your schedule is hectic. You are busy. Who builds decks, remodels kitchens, puts up fences, fixes furnaces, etc. Those are items I can help with. You also get the advice of me, your REALTOR when making purchasing decisions.  What type of mortgage should you consider?  Is down payment assistance available? What exactly does paid Closing Costs mean?

 

If your needs change, which home will be a more attractive sale.  The one that you have upgraded in an established neighborhood, that could possibly become income property for you, or the one where your builder is now your prime competition, and all those upgrades, and paint look the same?

As a young first time buyer, you have many options available to you.  Let me work with you and become your advocate and added value for your Dream Home.


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Posted by Dave Moeller (Broker/Owner) on February 6th, 2015 1:19 PMLeave a Comment

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