Home Buyers...What Mistakes Should You Avoid?

As a home buyer, it is easy to get caught up in the emotion of buying a new home.  The problem is that mistakes with a Tulsa home purchase can cost time, money, or even your home.  One common error that home buyers often make is going through the closing process on their Tulsa area home without information.

As a Tulsa home buyer, stay informed!  Do your own research.  Talk to your Tulsa mortgage banker, Tulsa area Real Estate Agent, and Tulsa closing company about what you should expect.  Ask them for good resources so that you can find our more information.  For more home buyer mistakes, visit "Common Errors by Home Buyers" .

FHA is Cracking Down on Collection Debt

A new rule by FHA, taking effect on applications dated July 1st or after, will begin to crack down on anyone with collections debt.  When applying for your Tulsa area mortgage, if you have unpaid collections accounts that total more than $1000 (including medical collections), you could have difficulty.  For more information about this new FHA rule and how it may affect you, contact your Tulsa mortgage banker or your Tulsa realtor.  You may also read more at The Baskin Report. 

How to Select a Tulsa Roofing Company?

As a homeowner or Tulsa home buyer, selecting a good Tulsa roofing company can be a difficult task.  What questions do you ask?  What should you expect from them?  Judy Smith of A-Best Roofing gives Tulsa property owners a list of things to look for when hiring a roofing company.  Check out this  and other helpful free home buyer information guides, such as  "Selecting a Roofing Company" on www.darrylbaskin.com. 

Can I Negotiate with a Home Builder?

When considering this question, there are several things to consider.  First, lets answer the basic question.  Yes, you can negotiate with a builder. You can negotiate both price and features.  Now, let's consider some additional factors regarding negotiating with a builder.

 

1. Tulsa Home Builders are like most home sellers. They have their own personal home building philosophy and agenda.  They also must deal with the real estate market.  Even though they must deal with these factors, Tulsa home builders are generally consistent with their practices.
2. Determining what price you will offer the builder, can be tricky.  Ask yourself two questions:  What is the market value of this home?  Would I rather pay full price for my first choice or get a discount on my second choice?  Choosing an experienced, knowledgeable Tulsa realtor can help with the difficult home building process.
3. When negotiating, remember that builders do have to pay for workers.  They are usually small business owners that have entered into great risk to build a home but that also have to carefully manage their business.  If you negotiate too low a price you could find that your beautiful home is tied up with contractors liens.  Make sure that you negotiate a price so that not only is the  builder profitable but you are also getting a good deal.

To turn your Tulsa dream home into a reality...

Tulsa Home Builders, Rick Oberlender, US Building Systems, 918-734-1293 or tulsaconstructioncontractor.org. 

Tulsa Mortgage Bankers, Karen Heston, BOK Mortgage, 918-230-9432 or kheston-boklo.mortgagewebcenter.com

Tulsa Realtors, Darryl Baskin, McGraw Realtors, 918-258-2600 or www.darrylbaskin.com.