Why Are Real Estate Surveys Necessary?

For some, real estate surveys seem like a waste of time and money. Many people would simply say "I can tell where my property line is, there's a fence!" In some cases, a fence may be the boundary of a property, but you can't always use a fence to determine property lines. Many times a fence has inadvertently been put in the wrong place. A real estate survey not only shows where the property lines are, but also any buildings, easements, driveways, or encroachments on the property such as a neighbor’s driveway. You might say, “I don’t need a survey, I have a plat map”. A plat map only shows the property boundaries, it doesn’t show easements or encroachments which can cause a problem with a legal title. A real estate survey will ensure that anything you are building is not on someone else’s property or easement. In addition to determining property lines, encroachments, and easements, a survey is also used to help determine drainage, setbacks, and even help with proper planning.

For more information on land surveys, titles, and the closing process, contact JJ Pierce at Closings of Tulsa at 918-493-2241 or www.closingsoftulsa.com.

If you are interested in building a new home or addition in the Tulsa, OK area, contact Rick Oberlender of US Building Systems at 918-518-5913 or usbs@att.net.

If you have a dispute over your Oklahoma property line, contact Chuck Richardson of Richardson, Richardson, Boudreaux at 918-633-5070 or www.rrblawok.com

For real estate needs in the Tulsa, Oklahoma area contact Darryl Baskin, McGraw Realtors, 918-258-2600 or www.darrylbaskin.com.

Negative Equity in Oklahoma

Did you know that Oklahoma ranks #1 in states with the least number of homeowners with negative equity in their home. It wasn't too long ago that many people were getting 2nd and 3rd mortgages on their property. This means that they have negative equity. This can be a problem for many reasons, but is especially difficult when you want to sell your property. When you have negative equity many homeowners can't sell their property unless they have cash on hand to pay the overage. When this happens, homeowners shouldn't expect their property to sell for what they have into it. It will only sell for what it is worth. That may be more than what is owed or less than what is owed.

When you go looking for a property remember to find an experienced agent to help you make a wise decision. A good Realtor will show you homes you like but also comparable properties. This enables you to see what properties in that price range look like. Without a knowledgeable and experienced Realtor you might find that you have negative equity as soon as you buy a home.

For all your Tulsa, OK mortgage needs and for questions about negative equity in Oklahoma, contact Karen Heston of BOK Mortgage at 918-230-9432 or visit her website.

To avoid negative equity in your next Tulsa, OK area home purchase, contact Darryl Baskin, The Baskin Real Estate Specialists of McGraw at 918-258-2600 or www.darrylbaskin.com.

USDA Rural Housing 100% Financing

USDA 100% STILL HERE!

We will continue to fund USDA loans without any delay. The funding for this program will likely come through in a a few weeks, but in the meantime it is business as usual with this program. If you know of anyone that would like to purchase a new home with no money down tell them to call Currington Mortgage at 918-394-5626 or visit www.curringtonmortgage.com.

The upfront guarantee fee has increased to 3.5%

For more information please contact Steve Currington 918-394-5626 or email steve@curringtonmortgage.com