Special Financing for Special Times!

Remember how I said last week that I keep going to classes to stay current?  Well, yesterday I went to another class on special financing.  One kind was rural development conventional loans, and the other was Native American FHA loans. 

The bottom line is that these 2 very different loans offer fantastic opportunities in Oklahoma, and especially in McLain County. 

The rural development loan is a 100% loan!!!  There are some limitations on income, etc, but ANY normal home in Newcastle would qualify. 

The Native American FHA offers a reduced down payment and reduced mortgage insurance for card carrying tribal members.

So…. If you have been thinking, gee, I wish I could take advantage of record low rates, this may be the time.  Call me and we will go through all of the details.

On Being 'Just Right'

When I started selling real estate, I was 25 years old, and I can tell you, it was pretty hard to convince anyone that I had a clue about what I was doing.  When I changed markets (from Oklahoma City to Houston) in my early 40's, I found it was much easier for my clients to believe that I could help them, simply  because I was old enough and experienced enough to know what I was doing!

Well, I must confess that I thought I had gone the other way:  Surely people now think I am too senile to actually not drool on their paperwork. 

I guess this was all in my head, because I got a statistic in a financing class today (yes, I take classes ALL the time -- it's my way of staying current!)  that gave me new confidence!  The age of the average Realtor in Oklahoma in 2009 was ........... 58!!!!!  Guess how old I was in 2009! 

Sooooo, this is my way of letting you know that real estate speaking, I AM IN MY PRIME!  Give me a call if I can help you with ANY real estate questions.  If I don't know the answer, I probably know where to get it!

ForSalebyOwner.com Founder Uses Agent to Sell Home

ForSalebyOwner.com Founder Uses Agent to Sell Home

No Silly Questions

Many years ago, when I was a young pup Realtor, I was on phone duty one day, and I got a call from a man who said his water heater had gone out.  I told him I was sorry to hear that, and he told me it was okay, because he had a ‘warranty deed’, and we needed to come fix his hot water heater! 

I must confess, I thought this was another Realtor playing a joke on me, but he was in complete earnest.  So, I had to explain to him that the warranty deed meant that he actually owned the real estate ----- broken hot water heater and all. To this day, I die laughing thinking about that poor guy and his leaky water heater.

The definition of “a general warranty deed is a type of deed where the grantor (seller) guarantees that he or she holds clear title to a piece of real estate, and has a right to sell it to the grantee (buyer).  The guarantee is not limited to the time the grantor owned the property – it extends back to the property’s origins.” (Wikipedia)

The point is that everyone lacks expertise in some area, and that all of us need help from time to time.  Realtors make money by selling properties, so it should not cost money to ask your Realtor questions….and after all, everyone knows there are no silly questions!  How are you going to find out if you don’t ask?  And should your Realtor be guessing what you do or don't know?

If your Realtor can’t or won’t help you, give me a call.  I’ll do my best to be of service.  Elaine 405-243-7981