Home Selling in Oklahoma City : Questions & Answers

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Vlh62, Home Seller in 73162
Vlh62 answered:
What happens if you sell your house for less than it's worth to a family member?
We are selling her the house for more than we owe on the mortgage so I don't need to do any type of a short sale. My main concern was the tax implications. We purchased a new home las ... more
0 votes Share Flag Wed Jun 20, 2012 Home Selling in 73162
Josh Barnett, Real Estate Pro in Oklahoma City, OK
Josh Barnett answered:
What is realtor commission average in oklahoma city, oklahoma?
How hard will it be to sell the home that is going to be listed?
0 votes Share Flag Thu Jun 14, 2012 Home Selling in 73118
Cpcooper2, Home Seller in Oklahoma City, OK
Cpcooper2 answered:
Sun Room Square Footage
Thanks for your answers. The house is being sold so there will be an appraisal. Ironically, the neighborhood is definately on the lower end of price per square ft. However, this room ... more
1 vote Share Flag Thu May 10, 2012 Home Selling in Oklahoma City
Josh Barnett, Real Estate Pro in Oklahoma City, OK
Josh Barnett answered:
Home in an irrevocable trust - cash-out, HELOC, mortgage, or?
For clarification, is the "home owner" the same as the "staying in the nursing" home or the current "tenant" of the home?

First: If the trust has given the "home owner" the right ... more
0 votes Share Flag Sat May 5, 2012 Home Selling in 73128
Josh Barnett, Real Estate Pro in Oklahoma City, OK
Josh Barnett answered:
Is it better to use cheaper handymen (sometimes unreliable, quit, etc.) or more expensive contractors to complete work on a house we're selling?
Good Contractors are the only way to go. You do not want to have to pay for the job twice. If the repairs are not found acceptable by the buyer or turn up as not acceptable repairs du ... more
0 votes Share Flag Sun Apr 22, 2012 Home Selling in 73118
Cathy Chrost, Real Estate Pro in Laguna Beach, CA
Cathy Chrost answered:
What are some effective ways to increase the value of your home before selling?
De-clutter and CLEAN and paint are the 3 primary and least costly and effective ways to prepare. Your agent should be able to provide a list of items that need attention. If you have ... more
0 votes Share Flag Thu Apr 5, 2012 Home Selling in Oklahoma City
Irina Karan, Real Estate Pro in 33160
Irina Karan answered:
Have you ever listed a house the seller said was "haunted?" What did the seller tell you and did they put this on the property disclosure?
I once attended a house party in Ipswich, MA.
The owners told me about their house being haunted.
They knew it was before they bought it, and loved the feeling of living in this one o ... more
0 votes Share Flag Thu Apr 5, 2012 Home Selling in Oklahoma City
Irina Karan, Real Estate Pro in 33160
Irina Karan answered:
How many of your "attempted" short sales are turning into counter lawsuits AGAINST the banks who are trying to foreclose?
In our neck of woods the clients hire an attorney to handle a foreclosure law suit, and they pay $400 per month "maintenance fee" for several years - 2.5 to 3 years is not uncommon, wit ... more
0 votes Share Flag Thu Apr 5, 2012 Home Selling in Oklahoma City
Voices Member,  in
Voices Member answered:
can you contest an appraisal for an estate?
We contested once and the same appraiser was allowed to go out 25mi instead since we are a niche market. It allowed more comps and better price a little.
0 votes Share Flag Fri Mar 23, 2012 Home Selling in Oklahoma City
Rose Wilkins…, Real Estate Pro in Oklahoma City, OK
Rose Wilkinson answered:
Am selling a house in Oklahoma. Buyer is paying cash. Do we still need to go thru title company? What about closing costs?
It's in the buyers best interest to go through a title company, but not necessarily the sellers. If the buyer is willing to hand you over a big fat wad of cash without involving an atto ... more
0 votes Share Flag Fri Mar 23, 2012 Home Selling in Oklahoma City
Rose Wilkins…, Real Estate Pro in Oklahoma City, OK
Rose Wilkinson answered:
Who is the best realtor to interview to sell a house in Edgemere Heights? My husband would like to interview at least 3 before we decide. Thanks!
Janice,
I've noticed a lot of your questions posted. It seems to me you are also a real estate investor, like I am. I do a lot of contract assignments, and I may be able to find ... more
0 votes Share Flag Wed Mar 30, 2011 Home Selling in 73118
Rose Wilkins…, Real Estate Pro in Oklahoma City, OK
Rose Wilkinson answered:
It's been years since I've sold a house, but I'm ready to downsize and move closer to family. How do you pick a good realtor ?
I was a Realtor for several years, but I believe a good Realtor not only gives you a good, traditional marketing plan for your home (fancy websites, email campaignes, open houses, virtu ... more
0 votes Share Flag Wed Mar 30, 2011 Home Selling in Oklahoma City
Rose Wilkins…, Real Estate Pro in Oklahoma City, OK
Rose Wilkinson answered:
Does a seller wait until he/she thinks the home is ready to put it on the market before showing it to a realtor?
I am a real estate investor, and I can make you an as-is cash offer on your home if you don't want to fool with repairs. I will give you a break down of all my expenses to get it u ... more
0 votes Share Flag Wed Mar 30, 2011 Home Selling in Oklahoma City
The Levinsons, Real Estate Pro in Oklahoma City, OK
The Levinsons answered:
Our potential realtor says we (seller) must pay buyer's closing costs because that is the norm in our OK City area. Is that right?
While it is not unusual for the seller to pay a portion or all of the buyers closing costs, every contract is unique to itself. Contract negotiations are just that -- 'negotiations ... more
0 votes Share Flag Thu Oct 28, 2010 Home Selling in Oklahoma City
Lanell White, Real Estate Pro in Oklahoma City, OK
Lanell White answered:
I cannot afford to pay closing costs will i have a hard time selling my home?
Hello Again PrettyinPink,

When selling a home, there are certain expenses the Seller is required to pay. With a normal sale, these expenses are taken out of your proceeds at closing ... more
0 votes Share Flag Wed Oct 20, 2010 Home Selling in Oklahoma City
Lanell White, Real Estate Pro in Oklahoma City, OK
Lanell White answered:
Whats a small town within 30min of Tinker AFB?
Hi April,
Yes, you're right, it might be a little difficult to find just what you're looking for in your particular price range, but it's not impossible. Several small t ... more
0 votes Share Flag Wed Oct 20, 2010 Home Selling in Oklahoma City
Jennifer Bla…, Real Estate Pro in 74114
Jennifer Blackwell answered:
does the seller have to pay the closing costs if the buyer is doing a VA loan?
Perhaps the buyer that is interested in your home NEEDs seller to pay his closing costs in order to be able to purchase a home. However, it is NOT a rule that seller must pay buyers cl ... more
1 vote Share Flag Fri Jul 23, 2010 Home Selling in Oklahoma City
Homdelema, Home Buyer in Oklahoma City, OK
Homdelema answered:
I had an appraisal done. it valued the property over 40K below asking price, the seller still agreed to sell at the lower price, however the my
Finally the house closed on the 17th of June, my lender Sun west Morgtage, reviewed the appraisal 3 times and ask for it to be changed to reflect a lower price on the garage which was s ... more
0 votes Share Flag Fri Jul 23, 2010 Home Selling in Oklahoma City
Jennifer Bla…, Real Estate Pro in 74114
Jennifer Blackwell answered:
I am looking at buying some property for the first time in my life. I think I have found the right property.
Hey Phyllis: I just came across your question. If I am too late to help you, perhaps it can be helpful to someone else. Here is 100 Questions & Answers About Buying A New Home vi ... more
1 vote Share Flag Thu May 13, 2010 Home Selling in Oklahoma City
Jennifer Bla…, Real Estate Pro in 74114
Jennifer Blackwell answered:
is it rare to find a basement in oklahoma anymore?
Exactly, we are told our soil is "not good " for basements but I think there's a more rational explanation for the typical lack of basements in the South and there preval ... more
1 vote Share Flag Thu May 13, 2010 Home Selling in Oklahoma City
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