Our agents are hosting Open Houses this weekend all over the OKC Metro. You can find all of these listings on our website. Please reach out to the listing agent for information on times and more information on the listing!
If there is a home that you would like more information about, if you are considering selling a property, or if you have questions about the housing market in your neighborhood, please reach out. We’re here to help.
Then this property is calling your name! Access this 5 acre property through the private wrought iron gate. This home features open concept living, a formal dining room, kitchen with plenty of storage and counter space, breakfast nook, three bedrooms, 2.5 bathrooms, and a game room. The spacious primary bedroom has its own en suite luxury bathroom that has been completely updated with modern finishes. When the Oklahoma storms roll in, the whole house generac ensures you won't be without. If that's not enough, don't forget to check out the 2400 insulated shop with room to park multiple vehicles and all the space for hobbies. This shop has plumbing and electricity and is outfitted with a car lift and air compressor. Nearby you will find a chicken coop that also has electricity and water. This home is ready for you to settle in and make it your own!
Listed by Melissa Chamberlain for West + Main Homes. Please contact Melissa for current pricing + availability.
Enter through the front door and find an open floor plan, the main living room flows into the modern kitchen w/beautiful cabinetry & an eat in dining area. Double french glass doors lead into a true study. Brand new carpet has been freshly installed throughout the home. Past the kitchen is a spacious utility room & a 4th bedroom/guest suite featuring a full bathroom, extended closet, & privacy. On the other side of the home, a hallway leads to 2 secondary bedrooms & a nicely appointed hall bath. Tucked away at the end of the hall, the primary suite features a vaulted ceiling, an ensuite bathroom w/soaking tub, double sinks, glass enclosed shower, & large closet w/built in storage. A large insulated shop provides plenty of room for additional storage & hobbies. This move in ready home is a true gem, schedule your tour today!
Listed by Melissa Chamberlain for West + Main Homes. Please contact Melissa for current pricing + availability.
As inflation continues to moderate, mortgage rates declined again this week. Rates are at their lowest level since September of last year, boosting both homebuyer demand and homebuilder sentiment. Declining rates are providing a much-needed boost to the housing market, but the supply of homes remains a persistent concern.
The 30-year fixed-rate mortgage decreased by 0.18 percentage points and is now averaging 6.15%, according to Freddie Mac. It is the second week in a row that the 30-year rate has moved lower. Borrowers looking into a 15-year fixed-rate loan will find rates averaging 5.28%, down by 0.24 percentage points.
“Lower rates have meant phones ringing, busier open houses and we are even seeing multiple offers on many properties,” said Molly Manley, Senior Loan Officer at Streamline Home Loans. “If you’re thinking about selling, start the conversation! That said, many homes still have room for negotiation, making now a great time to buy.”
To learn more about how mortgage rates are impacting your buying power, reach out to Molly or one of our amazing Streamline Loan Officers!
How are mortgage rates impacting home sales?
Money reported today that the housing market slowdown continued in November as existing home sales decreased for the 10th consecutive month, according to the National Association of Realtors.
Existing homes sold at a seasonally adjusted annualized pace of 4.09 million units, a decrease of 7.7% from October and of 35% compared to a year earlier.
Sales have not been this slow since May 2020 — the height of the COVID pandemic lockdown period, according to Lawrence Yun, chief economist at NAR. Back then existing home sales were at an annualized rate of 4.07 million homes.
"It's quite an amazing situation that today's sales activity in November is essentially almost the same as that lockdown period," Yun said.
Discounting the 2020 number as an aberration and comparing instead to a 'normal' year, sales are down to their lowest level since November 2010, added Yun, when the market was in the midst of the foreclosure crisis.
Want to know more about mortgages + the housing market? Sign up for Streamline’s weekly newsletter - which is full of great info + updates.
Related Links
If there is a home that you would like more information about, if you are considering selling a property, or if you have questions about the housing market in your neighborhood, please reach out. We’re here to help.
Boosting your curb appeal will not only elevate your enjoyment of—and confidence in—your home, it will also mark an important investment in its long-term value. Curb appeal alone can add 7% or more to the value of your home. Also, the National Association of Realtors® found that 100% of landscaping and tree service costs are recovered when a home sells.
But which landscaping tasks will bring you the best return on investment, or ROI?
Read on for insights from real estate and design pros on the outdoor renovation projects that deliver the best and worst returns.
1. Adding a deck or patio: Good ROI
Spending time outside with friends and family is much more convenient if you have a deck or patio.
“Patios or decks can provide a gathering place for outdoor entertaining and increase the value of your home,” says Martin Boonzaayer, CEO of the Trusted Home Buyer in Phoenix.
Homeowners who decide to make the investment can expect to recoup about 65% of their investment, Boonzaayer says.
How much should you budget? According to Remodeling Magazine’s Cost Vs. Value Report, homeowners can expect to spend about $16,000 on a 16-by-20-foot wood deck with pressure-treated planks. A composite deck is more expensive, but the ROI is comparable.
2. Installing a sprinkler system: Good ROI
A dry, brown lawn is quite an eyesore. Installing a sprinkler system is a great investment that prevents unsightly patches and delivers a killer ROI.
“A sprinkler system can help keep your lawn and plants healthy and looking great,” says Boonzaayer. “It can be especially helpful if you live in a region with drought conditions. A sprinkler system can recoup up to 100% of its value upon resale.”
The cost of a sprinkler system installation, depending on the size of your lawn and ZIP code, can be about $500 on the low end and $3,500 on the high end.
3. Paver walkway: Good ROI
A pretty path from your driveway to your front door can do wonders for your home’s overall aesthetic.
“One project that delivers exceptional ROI, and improves your own quality of life, is putting in a paver walkway,” says Joe Raboine, a former contractor and director of residential hardscapes at Belgard in Atlanta. “Replacing the front walkway is also one of the simplest ways to refresh the exterior of your home.”
You can get creative with a variety of paver styles, from simple cobblestones to more modern, large-format pavers.
Raboine says he has seen such walkways deliver more than 80% ROI.
Costs for a paver walkway range from $1,500 to $4,500-plus.
4. Planting trees: Good ROI
Spending time outside in nature—especially around trees—has been shown to reduce stress and boost happiness. Adding some foliage to your yard can also be a boon to your home’s value.
“Planting trees can help provide you and your home with shade, increase your curb appeal, and help the environment,” says Boonzaayer.
Well-placed trees can boost your home’s value by up to 15%, paying for itself and then some, he adds.
Planting a tree costs anywhere from $100 to $2,000 (including labor) depending on the size of the tree and your location.
5. Planting the wrong kind of plants: Bad ROI
“Thoughtful landscaping in general increases curb appeal,” says Tammy Sons, a horticulturist based in Tennessee.
But in certain cases, plants and trees can undercut the value of your home if you’re planting the wrong kind of greenery in the wrong places.
“Planting large trees near paved drives and sidewalks or patios where the tree’s roots could crack the concrete” is a no-no, Sons says.
Sons also encourages homeowners to focus on native plants.
“Planting non-native, invasive plants can lead to disaster,” Sons says. “Kudzu, for example, can grow up to 18 inches in one day. Plants like this will take over other plants and suck up all of the soil’s nutrients.”
6. Adding a garden: Bad ROI
Having a garden brimming with fresh vegetables, herbs, and flowers will sound like heaven if you have a green thumb. But for potential homebuyers who have a propensity to kill any plant they touch, a garden might be seen as a headache that’ll inevitably turn into an eyesore when weeds take over.
“Gardens can be a rewarding hobby, but the ROI isn’t there,” Boonzaayer says.
You can’t make all of your home renovation choices with the future buyer in mind. But if you’re choosing between planting a garden or putting in a patio, at least now you’ll know what to expect when it comes time to put your home on the market.
Related Links
If there is a home that you would like more information about, if you are considering selling a property, or if you have questions about the housing market in your neighborhood, please reach out. We’re here to help.
