Gwen Holmes Arveson

I'm a:	Real Estate Professional
Location:	Oklahoma
Web sites:	My blog!

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About Me

I have been a real estate professional for 24 years. I am currently a broker owner of Metro Brokers of OK , located in Norman, OK--home to the University of Oklahoma!

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Gwen Holmes…'s Questions (0)

Gwen Holmes…'s Answers (10)

2 Questions Regarding SHORT SALES

Asked Tue Jul 1 2008, 20:23 by Veronica Cas… - All locations - Home Buying - 1 answer

Gwen Holmes Arveson answered:

Short sale has nothing to do with the length of time a property is on the market. It refers to the fact that the mortgage company is willing to accept a payoff, less than the actual amount owed. This is a common situation for those in hardship, or those over-mtged. If the mortgage company is willing to negotiate, it is unlikely that a property will be foreclosed upon. Short sale talk is an indication that everyone is willing, or at least, will consider working out problems!
If you are considering purchasing a home under a short sale--be prepared to wait--it is a lengthy process. - Tue Jul 1 2008, 20:37

cost (average) per square foot of new construction

Asked Tue Jul 1 2008, 16:25 by Florence Kri… - Northbrook - Market Conditions - 3 answers

Gwen Holmes Arveson answered:

So much depends upon the area and the homesite. In the OKC metro $110 plus per foot is a good "ball park." The nicer the home and the better the location---the pricer the build. Generally your question is too vague, a real answer can only be derived when the plans are laid out and the location is defined! Good Luck! - Tue Jul 1 2008, 20:23

how to buy a bankruptcy home without a realtor?

Asked Tue Jul 1 2008, 16:00 by Groundzero1 - 78586 - Foreclosure - 6 answers

Gwen Holmes Arveson answered:

Why would you do this? It does not cost you anything--so why wouldn't you want an expert's advice on possibly the largest financial committment you will ever make?
Good Luck! - Tue Jul 1 2008, 17:53

My house has been on the market since mid January. We had a buyer and signed agreement and they put money in

Asked Sat Mar 22 2008, 08:30 by Kym - Oklahoma - Home Selling - 8 answers

Gwen Holmes Arveson answered:

This is a tough one but I agree with your Realtor. The point is to sell your house, not to have him over for Christmas Dinner. I would dictate that ALL communication goes thru your Realtor. I would also ask for more earnest money -- you might even want to negotiate it to be non-refundable.
Good Luck! - Tue Jul 1 2008, 17:42