I think of Oklahoma as the turtle......slow and steady wins the race...... We haven't had a huge housing bubble like the rest of the country. Steady upward movement. Check out the "Good thing you're in Oklahoma" video on our website! - Sat Jul 19 2008, 22:35
The housing values in Oklahoma City move up slow and steady. Last year was about 4%. Forbes ranked Oklahoma City #1 most recession proof. I suggest that you buy a house when you feel ready. Don't try to time the market.
I recommend sitting down and figuring out how much you can comfortably afford a month, talk to a good direct mortgage lender and get pre-approved. Next, find a Realtor that can sit down, consult with you, and figure out exactly what your needs are. Then find a house! - Wed Jun 11 2008, 14:28
A short sale does adversely affect your credit, but not as much as a foreclosure.
I would recommend taking a loan out for the difference and paying off the mortgage instead of doing a short sale. Its better for your credit and paying back debt is the "right thing to do".
If one has the ability, paying back what you owe is the best thing to do. - Wed Jun 11 2008, 14:08
MVPs or 'Most Valuable Players' are key Trulia Voices members who have been contributing high-quality content throughout 2008 and providing valuable advice to consumers and real estate professionals.