Just Listed: A Dream Home for Investors with Endless Design Features!

 
 
 

INVESTORS, TAKE A PEEK AT THIS ONE!

This home is an absolute dream! The stone pathway entry instantly greets you and welcomes you into an open floor plan brimming with an abundance of natural light. The well appointed kitchen features a breakfast bar, island, walk-in pantry and copious storage space. The primary bedroom features an ensuite with dual sinks, soaking tub, separate shower and expansive walk-in closet complete with built-ins. The office, with closet, could be a 4th bedroom or the perfect home office. With endless design features from modern, updated hardware on all doors and cabinetry, on trend light fixtures throughout, brand new plush carpet, fresh neutral paint, and so much more! Currently leased through December 2023; let your equity build from the start! Leasing contract to transfer to buyer. Buyer to verify all info.

Listed by Jessica Snook for West + Main Homes. Please Contact Jessica for current pricing + availability.

 
 
 

Have questions?
West + Main Homes
(405) 652-6635
hello@westandmainok.com

Presented by:
Jessica Snook
405-826-0010
jessica@westandmainok.com


 

This Weekend: Oklahoma Open Houses for April 14th to 16th

 
 

Our agents are hosting Open Houses this weekend all over the Oklahoma Area.

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! For current open house times, check out the Open House page.

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.

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Oklahoma Real Estate Statistics from March 2023

 
 

Nationally, existing home sales jumped 14.5% month-over-month as of last measure, the first monthly gain in 12 months, and representing the largest monthly increase since July 2020, according to the National Association of REALTORS® (NAR).

The sudden uptick in sales activity stems from contracts signed toward the beginning of the year, when mortgage rates dipped to the low 6% range, causing a surge in homebuyer activity. Pending Sales have continued to improve heading into spring, increasing for the third consecutive month, according to NAR.

New listings decreased 1.9 percent for Single Family homes but increased 30.9 percent for Townhouse-Condo homes. Pending Sales decreased 6.5 percent for Single Family homes and 4.2 percent for Townhouse-Condo homes. Inventory increased 93.6 percent for Single Family homes and 73.7 percent for Townhouse-Condo homes.

Month’s Supply of Inventory increased 144.4 percent for Single Family homes and 100.0 percent for Townhouse-Condo homes.

Median Sales Price increased 4.6 percent to $250,000 for Single Family homes and 7.2 percent to $186,500 for Townhouse-Condo homes.

Days on Market increased 70.4 percent for Single Family homes but decreased 42.4 percent for Townhouse-Condo homes.

Monthly sales might have been even higher if not for limited inventory nationwide. At the current sales price, there were just 2.6 months’ supply of existing homes at the beginning of March, far below the 4-6 months’ supply of a balanced market. Inventory remains suppressed in part because of mortgage interest rates, which nearly hit 7% before falling again in recent weeks. Higher rates have continued to put downward pressure on sales prices, and for the first time in more than a decade, national home prices were lower year-over-year, according to NAR, breaking a 131-month streak of annual price increases.

 
 

If you are wondering how current national and global situations might be impacting your property’s value, your neighborhood, or the Real Estate market in general, we are happy to provide more specific information.

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.

Most Common Plumbing Problems And How To Fix Them

 
 

Plumbing issues are an inevitable part of homeownership, and while some can be easily resolved, others may require professional intervention.

Knowing how to identify and fix common plumbing problems can save you time, money, and frustration. 

In this blog post, we will discuss some of the most prevalent plumbing issues that homeowners face and provide guidance on how to address them. 

Low Water Pressure
Low water pressure can be frustrating and may indicate an issue with your plumbing system. 

Common causes of low water pressure include mineral buildup in pipes or fixtures, a malfunctioning pressure regulator, or a leak in the water line.

How to fix
If the low water pressure is isolated to a specific fixture, try removing the aerator and cleaning it to remove any mineral buildup. If the issue persists or affects multiple fixtures, it may be best to consult with a professional plumber to diagnose and address the underlying problem.

Clogged Drains
One of the most frequent plumbing issues that homeowners encounter is clogged drains. Whether it is a kitchen sink, bathroom sink, or shower drain, blockages can occur due to the buildup of hair, soap scum, grease, or other debris.

How to fix
For minor clogs, a plunger can be an effective tool to dislodge the blockage. If that doesn't work, try using a drain snake or a drain auger to break up and remove the clog. 

As a last resort, consider using a chemical drain cleaner, but be cautious as these products can be harmful to your pipes if used excessively.

Leaky Faucets
A dripping faucet is not only annoying but can also lead to wasted water and higher utility bills. Leaky faucets are typically caused by worn-out washers, seals, or O-rings.

How to fix
First, turn off the water supply to the faucet. Disassemble the faucet, identify the worn-out component, and replace it with a new one. 

Remember to reassemble the faucet correctly and turn the water supply back on to test if the leak has been resolved.

Running Toilets
A running toilet is another common plumbing problem that can result in wasted water and increased utility bills. This issue often occurs when the flapper valve, which controls the flow of water from the tank to the bowl, becomes worn or damaged.

How to fix
Turn off the water supply to the toilet and flush it to drain the tank. Inspect the flapper valve for damage, and if necessary, replace it with a new one. 

If the problem persists, check the fill valve, float, or chain for proper function and make any necessary adjustments or replacements.

Water Heater Issues
A malfunctioning water heater can result in a lack of hot water or inconsistent water temperatures. 

Common water heater problems include sediment buildup in the tank, a faulty thermostat, or a damaged heating element.

How to fix
To address sediment buildup, drain the tank and flush it with fresh water to remove the sediment. If the issue is related to the thermostat or heating element, it is best to consult with a professional plumber for proper diagnosis and repair.

Pipe Leakage Issues
Pipe leakage can lead to water damage, mold growth, and increased water bills. Frequent causes of pipe leaks include worn-out or damaged pipes, unsecured connections, or excessive water pressure.

How to fix
For small leaks, consider applying plumber's tape or utilizing a pipe repair clamp as a temporary fix. Nevertheless, for more significant leaks or when the pipe itself is compromised, it is advised to seek the expertise of a professional plumber for a long-lasting solution.

Conclusion

Being familiar with the most common plumbing problems and knowing how to fix them can save you considerable time, money, and hassle. By addressing issues such as clogged drains, leaky faucets, running toilets, low water pressure, water heater malfunctions, and leaky pipes, homeowners can maintain a well-functioning plumbing system and prevent more significant problems from arising.

Learn more.

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.

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Your Tax Refund Can Help You Achieve Your Homebuying Goals

 
 

Have you been saving up to buy a home this year? If so, you know there are a variety of expenses involved – from your down payment to closing costs.

But there’s good news – your tax refund can help you achieve your goals by paying for some of these expenses.

SmartAsset estimates the average American will receive a $1,798 tax refund this year. The map below provides a more detailed estimate by state:

 
 

According to Freddie Mac, there are multiple ways your refund check can help you as a homebuyer. If you’re getting a refund this year and thinking about buying a home, here are a few tips to keep:

  • Saving for a down payment – One of the largest barriers to homeownership is saving for a down payment. You could reach your savings goal more quickly than expected by using your tax refund to help with your down payment.

  • Paying for closing costs – You have to pay fees to your lender, real estate agent, and other parties involved in the homebuying transaction before you can officially take ownership of your home. You could direct your tax refund toward these closing costs.

  • Lowering your interest rate – Your lender might give you the option to buy down your mortgage interest rate during the homebuying process. That means, you could pay upfront to have a lower interest rate on your fixed-rate mortgage.

The best way to prepare to buy a home is to work with a trusted real estate professional who understands the process. They’ll help you navigate the costs you may encounter as you begin your homebuying journey.

Bottom Line

Your tax refund can help you reach your goals of homeownership. Connect with a local real estate agent to discuss how you can start your journey today.

Keep reading.

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.

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