LISTING OF THE WEEK
HOUSE PLAN
Spanish Colonial
Room to grow
The Listing of the Week is a Spanish Colonial revival-style home in the historic Heritage Hills area of Oklahoma City. PAGE 4F
Linked gathering spaces, awash with natural light, fill the core of the Oakshire, a single-level shingle-style home with plenty of room to spread out. Three bedrooms and two bathrooms, including the luxurious owners’ suite, fill the left wing. PAGE 4F
REAL ESTATE
Kenneth Harney
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THE OKLAHOMAN | NEWSOK.COM
SATURDAY, MAY 28, 2011
ST. JUDE FUNDRAISER HOME COMBINES DREAM QUALITIES, ENERGY EFFICIENCY
THE NATION’S HOUSING
Refinanced and refined
Not only have Americans been refinancing at a robust pace in recent weeks, but they’re ratcheting down on the remaining number of years they plan to pay on their mortgages. PAGE 6F
IN BRIEF
RECYCLING PAPER
Chad Hefty Custom Homes built the St. Jude Dream Home at 3008 Saint Fergus Drive in Edmond. The home will be open for touring weekends through June 19 and raffled off June 26 as a fundraiser for the children’s hospital in Memphis, Tenn. PHOTOS BY DAVID MCDANIEL, THE OKLAHOMAN BY DYRINDA TYSON
GOING ON
Special Correspondent dyrinda@gmail.com
St. Jude Dream Home I Grand opening is Saturday. The home will remain open for weekend tours through June 19. Hours are 9 a.m. to 5 p.m. Saturdays and noon to 5 p.m. Sundays. I The home is at 3008 Saint Fergus Drive, Edmond. From Covell and Interstate 35, go west 1.6 miles; turn right onto Coltrane Road; turn right into Fairfax Gardens; turn left onto Garden Vista Road; turn left onto Saint Fergus Drive. I Tickets are $100 and are available at www.stjude.org/dhoklahomacity, by calling (800) 592-1596, at all area Legacy Cleaners and Laundry locations and at all area Arvest Bank locations. I The winner will be announced June 26 on KOKH-25.
EDMOND — The turret anchoring the front of this house might be what puts the “dream” in “dream home.” Then again, so could the theater room inside, the soaring ceilings throughout or the game room upstairs, complete with a wet bar. The windows up there overlook a golf course, which creates a rolling, fairytale panorama of lush green. And out of sight — but not out of mind — fully encapsulated foam insulation keeps it all comfortable. For Oklahoma City builder Chad Hefty, 40, that’s an important point. “It’s kind of the Old World style,” he said. “But I want to be known more for energy efficiency than anything.”
HAIR IT IS? Builder Chad Hefty in shown in the living room of the St. Jude Dream Home.
For the next few weeks, the public can tour the home on weekends and buy tickets that might make it their own. Hefty’s creation is Oklahoma City’s
2011 St. Jude Dream Home, open free to the public until June 19. The winner will be anSEE DREAM, PAGE 2F
How to gauge housing market’s strength Gloomy news still rattles home sellers in many areas. But in some places, the balance between seller supply and buyer demand is starting to equalize. Known as “micro markets,” these are statistical outliers that defy the national norm. Are you a homeowner who’d like to liquidate? Yet before setting your price and timing your sale would you like more information on whether values are rising, falling or holding steady in your neighborhood? If so, there are several ways to assess your prospects, said Eric Tyson, co-author of “House Selling for Dummies.” Here are a few pointers for would-be sellers trying to gauge the relative strength of their market: I Interview local real estate agents on details of recently closed sales. You may believe your
Ellen James Martin SMART MOVES neighborhood is an exceptional micro market now staging a comeback. But before putting a price on your property, Tyson recommends you solicit the views of three seasoned real estate agents who’ve long worked your area. Before settling on a listing agent among the three candidates, he said you should ask all three to justify their opinions on your home’s current value. “Ask them to go over recent comparable sales in your community, telling you why your place is worth more or less than the ones that have sold,”
Recycling starts at home with “Trashto-Treasure Papermaking” by Arnold E. Grummer. The book offers several techniques for making recycled paper from discarded paper, such as junk mail, periodicals, gift wrap and even can and bottle labels. Grummer presents several techniques, some using mostly items found around the house. He also offers craft projects for using your creations. “Trash-toTreasure Papermaking” is published by Storey Publishing and sells for $16.95 in softcover.
he said. If two of the three agents report that your community is going through a lackluster period for sales yet the third is enthusiastic about an upturn there, Tyson said you should be skeptical about the optimist’s views. Ashley Richardson, a veteran agent affiliated with the Council of Residential Specialists (www.crs.com), advises sellers seeking a savvy listing agent to choose someone who’s been successful selling properties during the postbubble period of the past three to four years. “That person should know the intricacies of your neighborhood and how best to price and advertise there,” Richardson said. I Assess your neighborhood’s popularity with homebuyers.
How can you tell if your neighborhood is turning up in value? Richardson said you should ask yourself if it offers increasingly popular features, including strong public schools. “Given the economy, lots of two-career families are now down to one job. People who could once have afforded private school now need to use public school. So neighborhoods with excellent schools are more desirable than ever,” she said. Another common feature of many neighborhoods experiencing an upturn is that they offer relatively easy access to shopping, restaurants, entertainment venues and employment centers. I Don’t price boldly if you live in an area with lots of distressed properties. Real estate specialists say that within every metropolitan area there
are now micro markets where values are beginning to rise again. But they caution against overconfidence among home sellers in neighborhoods that still have many distressed properties on the market, including foreclosures and short sales. Tyson said that wishful thinking about their neighborhood can cause homeowners to overprice. That, in turn, can mean a home sits unsold for a lengthy period, resulting in a “stale property” that will ultimately go at a deeper discount than would otherwise have been necessary had it been priced realistically from the outset. “There’s a risk to believing your home and neighborhood are better off than they are,” he said. To contact Ellen James Martin, email her at ellenjamesmartin@gmail.com. UNIVERSAL UCLICK
Q: What can I use to remove a large yellow stain from the vinyl wallpaper in my bathroom? I think it’s from hair spray, as it’s a half bath and the wall is close. I’m afraid to scrub it for fear of ruining the finish and pattern. A: Because different hair sprays have different ingredients, there’s no single method for removing buildup. You may have to experiment a bit. If possible, test your cleaning methods in an inconspicuous spot or on a scrap of leftover wallpaper. Try ammonia and water, mineral spirits or rubbing alcohol. Cleaning expert Don Aslett suggests using a microfiber cloth that’s been wet with plain water and wrung out. “Queen of Clean” Linda Cobb recommends using a solution of one part fabric softener and two parts water. MCCLATCHY-TRIBUNE INFORMATION SERVICES
INDEX Stone Permits
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