Norman Homes 01-25

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A product of The Norma an Tra anscript • 1.2 25.2014

Saturday, Jan. 25, 2014

OPEN houses

KERR TEAM REAL ESTATE SERVING THE METRO Native Content provided by Kerr Team Real Estate

Kerr Team Real Estate serves home sellers and buyers in all areas of the Oklahoma City metro, with offices in Norman and Edmond and offers home sellers a Guaranteed Home Sale Program.

Their program offers home sellers a buyout option if the home doesn’t sell within an agreed time period.

Wally Kerr is a lifelong Norman resident, graduating Norman High School (1979) and the University of Oklahoma (BBA-1984.) Every year since 1992, he has MC’ed the Sooner Club tailgate on behalf of the OU Athletic Department prior to each home football game.

Cindy joined Wally in the real estate business in Norman in 1993, after moving her real estate career from the Los Angeles area. Each began their careers in 1987.

They opened Kerr Team Real Estate in 2010 with 5 total agents and one full-time administrator. Now with 14 agents and 8 adminstrative team members, the company grew in sales volume by over 37% in 2013, with sales volume of nearly $78,000,000.

Three national real estate franchises have recently approached Kerr in hopes of franchising the firm with national real estate affiliation.

Kerr says “I’ve always supported local business and believe in keeping small business strong, and keeping business local. As a local Rotarian and a member of the Norman Chamber, I love Norman…our people, our fairs and festivals, and the proud business owners here…..and Cindy and I are one of them.

Despite the growth of the entire

metro, Norman has maintained its own strong identity, without simply becoming an outlying suburb of Oklahoma City.

David and Molly Shi Boren brought great leadership and insight to our University, and I couldn’t be more proud for what they’ve done here. The Norman real estate market will enter the spring with a shortage of available homes in many price ranges.

I see a quickly-improving real estate market, and I’m excited for Norman home owners. The downturn in real estate values affected our own home value with about an 8% decline at one point. It’s good to see the market recovering quickly, and it’s a great time for home buyers to invest in Norman.

Local home values saw increases again in both 2012 and 2013 for most home owners.

It’s a great time to be in Norman--it always has been !”

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NORTHWEST 3000 LOCHINVER

OPEN SAT 10-5; SUN-MON 1-5

WESTPOINT HOMES’ SHOWCASE HOME IS A MUST SEE! As your walk thru this open design and see the colors you will have a warm, at home feel. This 3 bedroom, 2 ½ bath home has special features such as a study with beautiful bookshelves and wood flooring, a mudroom, decorative tile work and so much more.

WESTPOINT HOMES todd@westpoint-homes.com 641-0447

3103 TARA LANE

OPEN SUN 2-4

3 BEDROOM 2.5 BATH HOME! Study, bonus room, 3 car garage, large backyard, $333,600 WESTPOINT HOMES todd@westpoint-homes.com

4224 LAS COLINAS

641-0447

OPEN SUN 2-4

North of Robinson and Rockcreek and south of Tecumseh on NW 48th to Las Colinas, East to property

GORGEOUS NEW HOME IN THE BEAUTIFUL NEW WEST SIDE ADDITION Apx. 3800 sq. ft of well-appointed living with soaring ceilings and windows. 4 bed + study, 3.5 baths, and a dream kitchen open to the living. 4 car garage too! $569,000. Come see and discuss building your new home here!

Hosted by Rhonda Cochrane & Jodi Kennedy DILLARD GROUP REAL ESTATE www.PattiKrings.com 990-9748

1821 ABBOTSFORD

OPEN SUN 2-4

From west Robinson & NW 36th, go north to Hidden Hill, left on Guilford Lane, left on Abbotsford, east to 1821.

BROOKHAVEN BEAUTY Large saltwater pool on private cul-de-sac lot. Open floor plan with 4 bedrooms, 4 living areas, 2 dining, 3.5 baths, study and 2 bonus rooms. Tons of built-ins for storage, 3 yr. roof, granite countertops, and wood floors throughout. Updates include interior and exterior paint, carpet and more! 2 Pergolas, Florida/cabana room and $3000 flooring allowance! $359,900.

Hosted by Elizabeth Eastmond @ 306-6175. #266947 DON CIES REAL ESTATE, INC. www.DonCies.com 329-0256

3004 ROLLING WOODS

OPEN SUN 2-4

(From Rock Creek Rd. and NW 48th, go east to Las Colinas Addition and north to Rolling Woods.)

NEW CONSTRUCTION!! With Majestic Fine Homes your family’s new home will have some amazing features: granite countertops, custom built cabinets, all the outside walls are 2x6, wood floors in dining room, living room, entry, and hallway. Tandem 3 car garage, custom lighting kitchen island, high ceilings, 3 bedroom + study that could be a 4th bedroom. Also pre-wired for surround sound. New home with breathtaking valley views. $423,000.

Call Mahnaz Partou @ 979-7462. #268412 DON CIES REAL ESTATE, INC. www.DonCies.com 329-0256

1540 LAMAR

OPEN SUN 2-4

(I-35 south to HWY 9 west, at first light, take 12th to Lamar Rd (1st stop sign) turn west to property.)

Living in Luxury on Lamar! Just minutes from Norman in this fabulous oasis from the city. This stately home built in 1945 with much quality and style has been recently updated 2012-2013 to living in modern day lifestyle, yet enhances the craftsmanship from years past. The list of updates and amenities is in the attachments. Amazing property on a beautiful 7.37 acre setting. $449,900.

Call Karen McIntosh @ 590-2763. #266241 DON CIES REAL ESTATE, INC. www.DonCies.com 329-0256

336 MILLBROOK

OPEN SUN 2-4

From 36th and Main, north on 36th east on Brookford, south on Millbrook to property.

GORGEOUS TOWN HOME. impeccably maintained. Large master suite down, two beds and bonus room up.

Beautiful wood paneled study. Large kitchen. Lovely courtyard off master suite. Plantation shutters and more...

3 Bed 2.5 Bath 2 Living Spaces $319,000 Hosted by Philip Holden-Moses philip@dillardgroup.com DILLARD GROUP REAL ESTATE DillardGroup.com/phm 397-7939

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Saturday, Jan. 25, 2014

4108 CASTLEROCK ROAD

OPEN SUN 2-4

From I-35 take Temcumseh exit West. Cross over NW 36th. At next right-hand street turn into Castlerock Addition going North on Castlerock Road. Follow past Castlerock Lake and clubhouse on right, thru circle and continuing straight on Castlerock past all streets on left. Home is in newer section in last block before intersection with Brownwood, on the left.

PRISTINE! Terrific 4 bedroom, 2 living, 2 dining, 3 full bath with almost 1/3 acre backyard. Priced at $235,000 with 2400SQ. Very versatile “Covington” Heritage Fine Homes floor plan. Original owner has kept everything very current including Heat and Air, Roof, bathrooms, lighting colors, etc. Very open with lots of natural light including wonderful skylight in kitchen. Includes a covered patio, deck and pergola. Extra wide 2-car garage has room for your extra storage needs, including a jet ski or canoe. Great home for entertaining or long family visits with private guest room and full bath options in two locations. Even the laundry is exceptional with work area and sink.

Hosted by Holly Van Auken @ 405-326-1999 or hollyva@cox.net DILLARD GROUP REAL ESTATE HollyHomes.net

4320 HUNTERS HILL

OPEN SUN 2:40-3:00

From I-35 & Robinson, go West on Robinson to Meadow Ridge, go South on Meadow Ridge to Hunters Hill, then East on Hunters Hill to home.

BROOKHAVEN CLASSIC- lots of wood floors throughout.Cathedral ceiling in the living room, custom pantry in kitchen, safe room (above ground), sprinkler system, auto awning, generator & many other updates. Extra rooms for study, playroom or sun room.

Hosted by Brad Willard @ 308-9257 or brad@kerrteam.com KERR TEAM REAL ESTATE WallyKerr.com

NORTHEAST 2548 WEYMOUTH WAY

OPEN SUN 2-4

East on Robinson, North (left) on N Porter, East (right) on Weymouth Way, South (right) on Weymouth Way.

CHARMING 3 BEDROOM, 2 BATHROOM HOME W/ OFFICE!! Beautiful new slate entry, slate in the kitchen, dining and bathrooms. New carpet, new laminate hardwood floors and fresh paint! Stay cozy and warm next to the stunning fireplace. New roof in 2012. Come enjoy the community pool and clubhouse during those hot summers! Offering price: $164,000.

Hosted by Mariah Kalhor/Realtor, 405.308.0109 Stepahie Young/Realtor 405.255.9605 METRO BROKERS OF OKLAHOMA

3201 SKYE RIDGE

OPEN SUN 3:20-4:20

Take Highland Village Dr. west from N. Porter to Skye Ridge Dr.-turn right to 3201

Breath taking custom built 1 owner brick & stone, 3BR, study, 2 1/2 bath, 3 car, covered patio home. Large & beautiful open kitchen w/ island, granite, gas cooktop, hood vent to outside, SS appliances, can & under cab lights.

Loaded w/ updates: plantation shutters, hardwood floors galore, arched passage ways, sprinklers, etc.

Hosted by Brad Willard @ 308-9257 or brad@kerrteam.com KERR TEAM REAL ESTATE WallyKerr.com

3060 SANTA ROSA CT.

OPEN SAT 1-4

Montecito Ranch/E.Tecumseh Rd, take Hollister Trail or Palomino to Santa Rosa.

COME SEE THE MOST ADVANCED engineering and technology in homebuilding today. 3 story, almost 5300 sf, built in 2010, $1,300,000. Events open to the public will be calendarspecific.

Hosted by Bob Bauer @ 408-3111. #269033 DON CIES REAL ESTATE, INC. www.DonCies.com 329-0256

2600 HALIFAX WAY

OPEN SUN 2-4

From North Porter and Rock Creek Road, North to Hawthorne Place Addition. Halifax, West and then South to home

GREAT HOME IN North Central Norman. This three bed, 2 bath, 2 living, 2 dining home has great recent updates including roof, heat and air, appliances, wood flooring, carpet, paint and more! Spacious, open split plan with lots of light. Landscaped yard with covered patio. Located just steps from the community park, clubhouse and pool. 2,128 Square Feet - Priced to sell at $189,000.

Hosted by Steve Morren, Broker ABR, CRB, CRS, GRI, SRES STERLING REAL ESTATE SteveMorren.com 250.3000

SOUTHEAST 4313 SPYGLASS

THIS WONDERFUL HOME IS IN THE WORKS. Another quality home by Skyridge. Still time to choose your own fixture, interior finishes, colors and flooring. Plus has entertainment room on second floor. $239,000 Hosted by Mahnaz Partou @ 979-7462 #259455 DON CIES REAL ESTATE www.DonCies.com 329-0256

OPEN SAT 2-4

Boyd and Classen, East to Oklahoma, North to Mockingbird, East to Benson. North to home

MINT CONDITION WITH UPDATES. including granite in kitchen and master bath, all windows insulated double pane, new roof in 2008. Open floor plan, 2 living areas with large formal dining, wet bar, cedar closet. Huge master bedroom and 2 large bedrooms all with wide doorways. Large patio with great views and privacy on a quiet street in wonderful neighborhood. $319,900 Hosted by Tray Holley @ 822-6060 #268869 DON CIES REAL ESTATE www.DonCies.com 329-0256

2813 SUMMIT TERRACE

OPEN SAT 2-4

(From SE 24th, east on Alameda, turn right to Summit Lake Blvd., turn left to Daybreak, right to Summit Crossing Parkway, left to Summit Hollow then right to Summit Terrace.)

THIS NEW HOME IS AN AMERICAN STANDARD HOME. It is complete with plenty of amenities, stainless steel appliance, crown molding, jetted tub and granite countertops. Home peace of mind with installed security system. Efficient low E windows keep energy cost low! $185,303.

Call Mahnaz Partou @ 979-7462. #263037 DON CIES REAL ESTATE www.DonCies.com 329-0256

709 SUMMIT HOLLOW

BEAUTIFUL 4 BEDROOMS, 2 FULL BATH. Built by First Oklahoma Construction. This home will be completed by end of December. (HERS rating, energy efficient home) $198,900.

Call Mahnaz Partou @ 979-7462. #266021 DON CIES REAL ESTATE www.DonCies.com 329-0256

705 SUMMIT HOLLOW

GORGEOUS HOME IN SUMMIT LAKES. This home features spacious living area highlighted with stainless steel appliances, granite tub and more.

This is a certified energy star home! Builder pays the closing cost excluding prepaid with builder’s preferred lender. Enjoy the water view under the covered patio. $239,500.

Call Mahnaz Partou @ 979-7462. #265584 DON CIES REAL ESTATE www.DonCies.com 329-0256

SOUTHWEST

OPEN SAT 2-4

(From SE 24th, east on Alameda, turn right to Summit Lake Blvd., turn left to Daybreak, right to Summit Crossing Parkway and left on Summit Hollow.)

ANOTHER QUALITY HOME BY SKYRIDGE with plenty of amenities, stainless steel appliances, crown molding, granite countertop, jetted tub, low E windows & many more! **Builder Special! Free Storm Shelter!!** $203,900.

Call Mahnaz Partou @ 979-7462. #264974 DON CIES REAL ESTATE www.DonCies.com 329-0256

OPEN SUN 2:00-2:20

South on Berry to Imhoff, East to Walnut, South to 3201.

Wonderful four bedroom, 2.5 bath home in desirable SW neighborhood close to OU. Cathedral ceilings, master suite and half bath downstairs, terraced low-maintenance backyard. Loft could be used for game room or office. Roof installed in June 2013! This home is move-in ready!

Hosted by Brad Willard @ 308-9257 or brad@kerrteam.com KERR TEAM REAL ESTATE WallyKerr.com

501 GYRFALCON

OPEN SAT & SUN 2-5PM

Highway 9 east, right on SE 12th, right at stop sign, left on Eagle Cliff Drive, right on Gyrfalcon

TOTAL REMODEL! New interior & exterior paint, roof, wood floors, granite, appliances, kitchen sink, carpet, front doors, and so much more. This home has a deck and a patio with a HUGE backyard. Open concept 3/2/2 with a loft, a MUST SEE!!

Hosted by Cliff and Alexis Brendemihl cliffandalexis@gmail.com DILLARD GROUP REAL ESTATE ShopNormanHomes.com 206-5437

3545 STONEBROOK DR.

OPEN SAT & SUN 2-6PM

Hwy 9 west past river wind casino, turn right on Pennsylvania, go 0.3 mile and turn right on Stonebrook Dr, road curves into a “Y”, stay to the left, house is on the left after the down hill curve.

BEAUTIFUL 3,000 SQ FT WATERFRONT HOME on 1 acre. Lots of upgrades from specialty paint, media system inside and out, decorative metal fence, and arched wrought iron entry doors. 3 bed, 3 1/2 bath, 2 dining areas, study, bonus room, and theatre room. $349,900 Hosted by Rayson Sanchez PHONE:405-902-1054

MOORE

OPEN SAT 2-4

(From SE 24th, east on Alameda, turn right to Summit Lake Blvd., turn left to Daybreak, right to Summit Crossing Parkway and left on Summit Hollow.)

OPEN SAT 2-4

(East on Alameda, south to Ridge Lake Blvd. Left to Summit Crossing Parkway, turn left to Summit Crest Ln.)

3201 WALNUT

OPEN SAT & SUN 12-5

Hwy 9 east to 12th Ave SE, south to Cobblestone Creek Dr, north to Spyglass.

1228 BENSON

216 SUMMIT CREST

3701TIFFANY

OPEN SUNDAY 2-4PM

From Broadway & 34th, East to Tiffany, & South to 3701

NICE 3 BED 2 BATH 2 CAR GARAGE WITH GREAT FLOOR PLAN. Very nice condition on this home. Roof shingles replaced 2008. New tile floorsin kitchen, breakfast and entry. Nice size rooms. Over 1,700 Square Feet Priced at $129,900!

Hosted by Ginger Gilmartin-Smith @ 570-7692 or Ginger@VawterRealEstate.com VAWTER REAL ESTATE www.VawterRealEstate.com

Reach over 35,000 prospective buyers with Norman Homes’ “Open Houses”

Call me today! Angela Williams - 405-366-3556 awilliams@normantranscript.com

Saturday, Jan. 25, 2014

FIRST-TIME HOMEBUYER TIPS WHAT CAN YOU AFFORD? This is a decision that needs to be made up front, and there’s no easy answer.

Mortgage companies can tell you what kind of loan you qualify for, but that’s only part of the decision.

You also need to look at your personal budget and what kind of lifestyle you want to live. Be sure you include expenses like homeowner’s insurance and property taxes in the planning process.

REAL ESTATE GLOSSARY Realtor A member of the National Association of REALTORS. Not all real estate agents are REALTORS.

Promissory Note A written promise to repay a loan over a certain period of time.

Often shortened to “note.”

Jumbo Loan Any loan over $227,150, which is the top limit for Fannie Mae and Freddie Mac loans. Sometimes called a nonconforming loan.

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Saturday, Jan. 25, 2014

DOWN PAYMENT REMAINS TOP OBSTACLE FOR HOME BUYERS

By Broderick Perkins RealtyTimes.com Take reports of lenders easing the credit squeeze with a pinch of salt.

It still holds true that the larger the down payment, the more likely you are to get a mortgage and at the lowest rate.

LendingTree recently released a study analyzing down payments for borrowers in each state and found overall, nationwide, the average down payment is down 9.4 percent since 2011.

Rather than lenders actually

O U T hou s e of the

requiring less down, some of the decrease could be due to fewer investors coming to market with larger down payments, if not all cash.

With fewer moneybags investors to count, it could appear that down payments are dropping.

Another statistic could suggest, the opposite, a statistical rise in down payments - fewer Federal Housing Administration (FHA) insured loans.

The U.S. Department of Housing and Urban Development (HUD) reported in its 2012 annual

Looking for someone to trim your trees or fix your faucets?

Look no further

Saturday, Jan. 25, 2014 report to congress, FHA insured purchase loans fell from about 777,000 in 2011 to about 734,000 in 2012 - the same period during the Lending Tree survey.

Statistically, with fewer people opting for lower down payment mortgages, the level of down payments could appear to rise.

Here's another statistic: The recent Federal Reserve Senior Loan Officer Survey (SLOS) found that only 8 percent of banks loosened mortgage credit conditions in the past three months through April.

However you measure reports of mortgage credit easing, the larger down payment remains the industry-underwriting staple. Lenders remain risk adverse and prefer to loan money to borrowers who share as much of the risk as possible.

Unfortunately the down payment remains among the greatest obstacles to buying a home, so get with it.

Here are a few ways to save more money, faster.

• Budget to save.You won't know where you can cut costs if you don't know where your money goes. A budget tracks your income and your expenditures. It lets you see money coming in and money going out and where you can curb expenditures and save money.

• Save smart. Find expenditures you can reduce and divert that money directly from your paycheck into a savings or other interest bearing account.

The more you save, the more options you'll have to diversify savings into investments for a better return on your money.

• Stop impulsive and compulsive spending habits.You don't need a jolt from the cafe every morning. That jolt is probably what's making you so impulsive. Wake up with a brisk walk instead of hot latte.

Stream movies and microwave your popcorn at home instead of going to the movies every Friday night.

Bag your lunch, go generic at the supermarket, reduce data gigabytes from 10 to 5 on your smart phone and wait until you get home to Tweet.

Likewise use technology at home to read magazines and get other information. Lose those print subscriptions, reduce your cable television channels and cut back on other services you can buy for less.

You get the idea.

• Dump credit. Stop the "emergency credit card" only nonsense. If you are saving money, there's your emergency fund. Any kind of credit allows you to spend more than you have and then pay through the nose for high credit card interest rates.

• Stop loaning money to the federal government.

A tax rebate is nothing more than a loan to Uncle Sam, until tax return filing time, but you get zero interest. Adjust your W-4 to match your true tax

liability and save the difference.

• Liquidate valuable hobby assets. What's more important? Buying a home or storing baseball cards? Something's got to give.

• De-clutter your garage, attic and closets. Use online services to sell you stuff to other rubes who are more interested in buying stuff than buying a home. When you move, you'll have less stuff and a smaller mortgage to take along.

• Get a job. A second job, maybe even a third.

You don't have to be down on your luck to look for work. Seasonal work, a home-based business, working half a night shift, or otherwise finding additional sources of income can really help speed up that home buy.

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