December 31 Real Estate Weekly by Stillwater News Press

News Press Stillwater

REALESTATE W E E K LY

December 31, 2020

26% Existing-home sales in November climbed nearly 26% compared to last year.

Your best source for weekly real estate news and listings for Stillwater and surrounding communities

Mike Lauvetz, Owner, Broker, CRS, GRI

602 S West St., Suite A Stillwater, OK 74074 405-372-8326 www.teamstillwater.com

$225,000

2020 E Kelsey Lane

Dena Cornforth, Realtor®, GRI

Weekly Features: • About Real Estate • Classifieds • Open House Map Visit our web site at

stwnewspress.com » Classifieds » Real Estate Weekly to download the current PDF edition and see participating Realtors. To advertise your home in Real Estate Weekly, call (405) 372-5000.

$247,000

2015 E. Kelsey Lane

Stillwater NewsPress • Thursday, December 31, 2020

Letting buyer ‘assume’ loan can be risky for seller Selling a home to a buyer who wants to simply take over the existing monthly payments rather than getting a brand-new loan can be a risky proposition if the deal isn’t properly structured. DEAR DAVE: My wife and have had our home listed for sale for about a month. Last week, we received an offer to purchase it from some first-time buyers. They offered to make a 10% down payment but would rather take over our existing mortgage instead of going out and getting a brand-new loan. Would this be possible? What would our bank say? ANSWER: The bank might agree to the deal. Whether you should, however, is an entirely different matter. With real estate markets in most parts of the nation still relatively n strong and mortgage Ope rates near their alltime lows, I don’t see why the prospective buyers don’t just go out and obtain a brand-new loan. There are two basic ways for a buyer to take over a seller’s mortgage. The first is for the buyer to formally “assume” the loan, which requires the bank’s approval. If the bank approves the assumption, the seller should insist that the lender provide a written release stating that the seller is no longer legally liable for any repayment of the debt.

tration or the Department of Agriculture, according to personal finance website NerdWallet.com. ••• DEAR DAVE: Are the three nationwide credit bureaus still MYERS offering free reports (if you’re using one) on a weekly basis inand also a good real stead of once a year? estate attorney before ANSWER: Yes. accepting this offer. You can get a free A better alternative report each week would be to insist from Experian, that the buyers get a TransUnion and new loan of their own Equifax through or to reject the offer April 20, 2021, by outright and wait for visiting their jointly a different buyer to operated website come along. You have AnnualCreditReport. only had your home com. up for sale “for about ••• a month,” so there’s DEAR DAVE: I no reason to panic. watch a lot of TV talk ••• shows. When the REAL ESTATE guests aren’t talking TRIVIA: Most mortabout the COVIDgage loans cannot 19 virus, they are be assumed unless talking about the they are insured by economy. My questhe Federal Housing 3tion is, what’s the Administration or n. 1 difference between a u S guaranteed eby the “V” economic recovp n VeteransOAdminisery, a “U” one and a

ABOUT REAL ESTATE

DAVID The other (and far riskier) way for a buyer to take over the seller’s payments is for the buyer to take title to the home “subject to” the existing mortgage. In these types of deals, the buyer agrees to make the seller’s future monthly payments, but the seller is still legally liable to the bank for full repayment of the mortgage. The lender usually isn’t told about the property transfer. Should the buyer then default and the home is foreclosed, the seller’s credit may also be ruined. These 1-3two reasons . arenjust u it’s generally Swhy best for sellers like you to steer clear of offers made “subject to” the existing loan. Also realize that, if you accept this offer, the only cash that you’ll get out of the sale is the buyer’s 10% down payment (much of which might be needed to pay your share of the closing costs). If your equity stake in the home exceeds 10%, you’ll essentially be giving that excess equity away to the buyer unless some other type of arrangement is made. Talk to your lender, your realty agent

“K” one? Which one would be best for the housing market? ANSWER: I watch a lot of television news talk shows too, especially on Sunday mornings. And to be sure, those economists I see on TV aren’t very good at explaining the different types of possible recoveries as our nation struggles to break free of the havoc that has been wrought by COVID. The reporters and hosts aren’t much good at it, either. A “V” economic recovery is marked by a sharp but relatively brief drop in key indicators -- job growth, overall economic output and the like -before those statistics start climbing quickly again. If you look at the stats, they sort of resemble the letter V. A “U” recoveryNew takes longer. It’sPrice! marked by a drop

in the economy but then flattens out for months or even a year or so before it strengthens again. And then there’s the “K” concept. That’s when a few sectors of the economy briefly falter but then spike quickly upward again -technology may lead the charge -- while restaurants, department stores and the like continue to fail. I’m sure that my friends in Silicon Valley, where thriving companies such as Amazon and Apple have helped to fuel huge increas-

es in home values, wouldn’t be too upset if our nation’s current economic malaise ends with a K-shaped recovery. After all, they’d be at the top of the letter rather than the bottom. Overall, though, a U-shaped recovery would likely be better. It would gradually pull up a variety of businesses all around the country and boost home prices across the board, not just in areas that are blessed with tech-rich firms or entertainment conglomerates.

Happy

New Year!! Thank You, Customers and Clients, for the privilege of helping you with your 2020 Real Estate and Insurance needs.

Have a Happy New Year. 2320 N DRYDEN - 3BR, 2BA,SOLD 2-car garage �� $168,500 3124 N MONROE - 4 BD / 3 BA / 2-car attached garage �� $219,900 SOLD 1105 E CAMDEN LANE - 2 BD SOLD / 2 BA / 2-car attached garage� ��$189,900

811 E. Virginia Ave. • $799,000

HOUSE FOR RENT - 1618 E Willham 3 BD / 2 BA - No pets or smoking

Call Barbara Today!

Great location south of Walmart. Commercial building on 2.29 acres. 4,000 sq. ft. of office space or day care facility. 21-30 parking spaces available. See more of this home at www.WeLoveSellingStillwater.com

BARBARA HOUCK BROKER/OWNER

Fisher Provence, REALTORS

Page Provence, CRS Broker Associate (405) 612-0194

(405) 377-1000

30+ years of experience

Insurance and real estate Serving Stillwater Since 1950

BARBARA HOUCK - REALTOR® - 747-8804 KENT HOUCK - REALTOR® - 372-7060 JOHN GAGE - REALTOR® - 612-6068

372-5343 x130 www.houckagency.com • 8 MAIN PLACE/Ste. 2 • DOWNTOWN STILLWATER

Horticulture tips for January ucator in the Payne While most garoil application settles down. In the and click on the County Extension deners busy themwhen the daytime meantime, please magnifying glass office. During the selves this time of temperature is over note that OSU’s to search for the year going through 40 degrees. Do not Oklahoma Garden- specific content that COVID-19 slowdown, Keith can be the newest seed apply dormant oil to ing has cataloged interests you. reached via email at and plant catalogs, evergreen plants as thousands of epikeith.reed@okstate. there are a few damage will result. sodes from its long For more inforedu. To access OSU landscape tasks If you’ve planted running gardening mation on this or fact sheets, go to that can be undernew crape myrtles program on its any other horticulKEITH REED taken when the within the last two YouTube channel. tural topic, you can https://extension. County Master Gar- hold until the coro- Go to youtube.com/ contact Keith Reed, okstate.edu/factweather allows. or three years, exnavirus pandemic • This is a good amine them closely deners remains on oklahomagardening the Horticulture Ed- sheets/ time to go out and for signs of scale stir around any tree as a new pest, the leaves still remain- crape myrtle bark ing on the ground. scale, has made its Heavy accumulaway into our area. tions of leaves can • Warm January Terry Essary Dolores Lemon Tiffany Aranda Cheryl Moody Realtor Associate CRS, CRB, GRI GRI, CRS Office Manager smother the turfdays are a good 405-742-6424 Broker/Owner Broker Associate grass, depriving it time to control 405-747-7822 405-714-1214 of air and light. winter broadleaf www.stw-realestatepros.com downtownstw.com • This is the weeds in your dorideal time of year to mant bermudagrass 405-372-5151 transplant decidulawn. Use a comJohn Lurry Downtown Office - 723 S. Main Street Assistant ous trees. They are bination of a broad Melissa Woods Bringing Buyers & Sellers Together .... Professionally GRI now fully dormant, leaf control product NEW LISTINGS AND PRICE CHANGES Realtor Associate 5917 Chateau Dr. - 2.3 acre lot - Beautiful Home - $390,000 - Donna so the plant will and a non-selective 405-385-2035 1436 E. Moses - Cushing - 3bed - $116,000 - Kyle not suffer as much product containing 5202 W. 3rd - 3bed 2bath WestPark Addn. - $210,000 - Ann transplant shock as glyphosate. This is 2701 W. 20th - 4bed 2bath SW Area - $219,900 - Tiffany 2917 N. Husband - 4bed Boomer Lake View - $306,500 - Tiffany it would if dug up a very good weed Kyle Bottger 2221 W 3rd Ave. - 4bed 2.5bath 2car garage 2654 sq. ft. LOCATION, LOCATION - $274,000 - Amy Realtor Associate during the growcontrol combination 4901 W. Crestview - SALE PENDING - $475,000 - Lori 405-612-6724 5607.1A S. Mehan -15 acres m/l Just North of 68th 7 Mehan - $127,500 - Tiffany ing season. Even but ONLY in specifDonna Rhinehart 5607.1B S. Mehan -12 acres m/l Just North of 68th & Mehan - $100,200 - Tiffany though it is winter, ic situations. Please GRI, CRS 5607.1C S. Mehan - 14.5acres m/l Just North of 68th & Mehan - $121,075 - Tiffany it is still important see OSU Factsheet Realtor Associate 5615 W. 7th - SALE PENDING - $247,000 - Don 405-612-0509 4220 W. Prescot Dr. - 3bed 2bath 2car garage 1315 sq ft - $214,888-Ann to water it well and HLA-6421 for more 3715 & 3717 W. 15th - SOLD - $168,000 - Dolores mulch it in as you information. As 810546 S. 3450 Rd. Agra OK. - 160 acres of Rural Paradise Barn/Pond/Hunting - $750,000 - Kyle Ann Morgan normally would. always, follow label 8300 N. Sangre, Stw. - 3bed 2.5bath 2car garage/Barn/40 acres m/l - $575,000 - Lori Realtor Associate 7110 Norrie Ln., Stw. - 4 10acre tracts or 40 acres - $400,000 - Lori • If you have directions carefully 405-614-9600 302 S. Main, Agra - 3bed 1bath 1.5stories Large Lot - $38,000 - Kyle plants that have when using any 306 N. Carney, Carney - WHY RENT? 2bed 2x2 ads may run anywhere in your newspaper. Don’t forget to remind your4711 classified department to PAY download the1bath 993 sq. ft. - $42,000 - Kyle Deerfield Dr., Stw. - Unique One Of A Kind 63.77 acre ESTATE - $3,999,000 - Dolores suffered from heavy pesticide. Amy Parsons 5921 Gunnar Springs, Stw. BETTER THAN NEW line ads for this week at www.okpress.com/ocan - CHOOSE THE AD SIZE CLOSEST TO 916 YOUR COLUMN WIDTH 4bed 2 bath 2257 sq ft - $345,900 - Lori infestations of scale • All in-person GRI W. Choctaw Ln. - SALE PENDING - $190,000 - Ann Realtor Associate insects, consider programming of321 W. Broadway, Drumright - 4bed 2bath 1852 sq ft Historic Drumright OK - $92,500 - Kyle 405-714-0882 4 S. Grant, Tryon - 2bed 1bath 1car garage 1272 sq ft - $71,500 - Kyle making a dormant fered by the Payne

HOME GROWN

Cole Graves Realtor Associate 405-334-3588

Oh,Oh,thethethings thingsyou you will willlearn learnwhen whenyou youread read

Oh, Oh,thethethings thingsyou youwill willlearn learnwhen whenyou youread read

PUBLIC PUBLIC NOTICES. NOTICES.

Don Zhao Realtor Associate 202-848-2120

Dianna Norman Realtor Associate 580-761-3926

Keep Keepinformed informed about aboutwhat’s what’s going goingononin inyour your community community bybyreading reading public publicnotices notices in inyour yourlocal local newspaper. newspaper.

Lori Kastl CRS Realtor Associate 405-880-2844

Jennifer Oliver GRI Realtor Associate 405-612-4984

PUBLIC PUBLIC NOTICES. NOTICES.

Keep Keepinformed informed about aboutwhat’s what’s going goingonon in inyour your community community bybyreading reading public publicnotices notices in inyour yourlocal local newspaper. newspaper.

1601 E. 4th, Stw. - SOLD - $123,500 - Ann 6020 Laquinta Dr. - SALE PENDING - $710,000 - Tiffany 1505 N. Council Creek, Glencoe - 3bed 2bath 1454 sq ft on 40 acres m/l - $299,900 - Lori 207 E. Maple Ave., Perry - 2bed 1bath 1 car garage Storm Shelter 1131 sq ft - $78,500 - Dolores 3337 W. Charleston Ct. - Nice lot in Berry Creek a gated community - $39,900 - Donna 0000 E 56th - 81.10 acres m/l ¼ mile West of Rose Rd - $308,000 - Lori 2707 W. 44th - 15.86 acres Will Divide Look for signs West of Western - $317,000 - Lori Cedar Oaks & 19th - 7.48 acres m/l in City Limits - $350,000 - Lori 3317 E 6th - Commercial Buildings Great for Restaurant - $649,000 - Melissa 6019 S Country Club Rd. - 60 acres ready for you to build. - $550,000 - Tiffany 13th & West - 25.94 acres in the city limits zoned ag. - $120,000 - Dianna 0000 S. Country Club Rd. - 20 Acres on Paved Road - $200,000 - Ann 5706 W. Garden Pointe - SOLD - $439,900 - Donna 3919 W. Rutledge Dr. - 5bed 3.5bath 3715 sq ft DON’T MISS THIS ONE! - $559,000 - Ann 1605 S. Aetna - 1.19 acres m/l in TOWN Just think what you could do! - $25,000 - Ann 4717 S. Turtle Pond Ct. - Great ½ acre m/l Lot for your building pleasure - $45,000 - Tiffany 6800 W 68th - 70 acres at 68th & Western Split your way! - $525,000 - Lori N. Washington Rd. - 151.8 acres m/l OH the Possibilities! - $2,352,900 - Lori Roka Hidden Lake - lots with Lake view - $75,000 - Lori Roka Hidden Lake - Lots ready for building - $50,000 - Lori W. Allyn Ave. - 11.46 acres m/l - $400,000 - Lori

Stillwater NewsPress • Thursday, December 31, 2020

ZONES: CENTRAL for week of May 20, 2018

To raise financially savvy kids, give money lessons a reboot By Sara Rathner

Stillwater NewsPress • Thursday, December 31, 2020

NerdWallet

Many elder millennials may have learned to manage money much like our parents did: waiting for statements to arrive in the mail, balancing checkbooks and paying in cash. But if you’re planning to impart the same lessons to your own children, ask yourself a few questions first. Is this still how you deal with your finances? How often do you carry cash anymore? Do you even know where your checkbook is? If the respective answers are “no,” “rarely” and “maybe in that box I never unpacked since moving six months ago,” then the money lessons of the ‘90s aren’t going to cut it for the next generation. The way we handle money had already been changing dramatically, but the pandemic accelerated those changes. One example: A September 2020 American Express study found that since the COVID-19 outbreak began, 70% of

merchants had customers request contactless payment options, and 73% of merchants prefer customers to pay with a card or app instead of cash. So trade in those old-school money lectures for a primer on plastic and digital payments. By the time your kids become financially independent, they may thank you for it.

checkbook lessons for monitoring bank and credit accounts online. Show your kids what a credit card statement looks like. Talk about building credit history by showing them your credit report.

HELP KIDS TRACK EARNING, SPENDING AND DEBT Rosanna Agado, who recently moved from the Seattle BEGIN CREDIT area to Glasgow, LESSONS AT A Scotland, mainYOUNG AGE tains a spreadsheet Because cash is for her three kids. tactile, it provides Rather than give a natural way to them their weekly introduce younger allowance in the kids to money. But form of cash, Agado according to Gregg and her husband Murset – founder act like a bank acand CEO of the count and lender BusyKid app, which combined. teaches kids about When one of their money managechildren decides to ment – you don’t buy something, the need to stick to coin parents pay and counting for long. deduct the total “I think kids are from that kid’s very smart these savings. The kids days, and they can are allowed to go learn that a quarter into debt and aren’t equals 0.25 in like charged interest, five minutes,” he but they must skip says. however many Since cash is out weeks of allowance and cards are in, are needed until the there’s little reason debt is repaid. to avoid introducing Their eldest son, credit and debit who is 14, now has lessons as soon a bank account as possible. Swap with a debit card,

and while Agado doesn’t monitor his purchases, she does check the balance daily. “Having that freedom of having the card to spend on his own, it’s like credit card light,” she says. “He knows there’s a limit on what he can spend.” If something seems unusual, Agado discusses the purchase with her son to verify that it’s accurate – not to judge his decision, but to teach him the importance of monitoring his account for suspicious activity. OPEN UP ABOUT YOUR OWN CREDIT HABITS – AND MISTAKES Credit cards can be a much-feared financial product because of the risk of getting into high-interest debt, but they can be a useful tool, too. Sharing your credit triumphs and errors with your kids can help them make confident decisions as adults. Agado and her husband don’t want credit to be a mystery to their kids. They discuss topics

like credit card rewards, which card to use for which purchase and what happens if you take on debt or miss a credit card payment. “One of the main driving forces was the fact that my husband and I both destroyed our credit when we were younger,” she says. HOVER LESS, TRUST MORE Money talks are important, but kids learn even more when they apply

those lessons to real-life purchasing decisions. Let your kids choose what to buy, within reason, even if you think they’re making a frivolous choice that will blow through a month’s worth of their allowance. Much as you learned from your own regrettable decisions, your children can do the same. Better a $10 mistake at 13 than a $10,000 mistake at 33, after all. “I think it’s a big mistake for parents

372-5000 211 W. 9th

to helicopter their kids too much when it comes to money,” Murset says. “I would much rather kids buy something with their money and have the heartburn that comes with remorse.” This article was provided to The Associated Press by the personal finance website NerdWallet. Sara Rathner is a writer at NerdWallet. Email: srathner@nerdwallet. com. Twitter: @ SaraKRathner.

News Press Stillwater

stwnewspress.com

HAPPY NEW YEAR!!! 506 NE 4th PERKINS 3BR, 2BA, 1,501 sq. ft. Cozy fireplace, great floor plan, and a great home for a Happy New Year!

$159,900 Visit www.perkinsfrontierrealty.com and check out

FRONTIER REALTY • 100% Financing available • Recently updated properties

405-547-2000

Home buying basics: Escrow accounts, requirements and benefits By Kenneth Wohl RCB Bank

hat is Escrow? As a homeowner, you are responsible for expenses beyond your mortgage payment such as property taxes, homeowner insurance and mortgage insurance. Put simply, an escrow account is set up by your lender and helps you budget for these expenses by including them in your monthly mortgage payment.

your escrow account grows. When insurance and tax payments are due, your lender uses the money in your escrow account to pay those bills.

HOUSE SUN. JAN. 22JAN. 3 OPEN OPEN HOUSE - SUNDAY 405.880.5569

405.880.4370

Tina Darr

Stillyhomes.com 405.697.0045

Cheryl Carpenter Martin

CherylCarpenterMartinHomes.com 405.880.7354

Amanda Meberg

admeberg@gmail.com 405.612.2096

costs and taxes, your escrow payment will also change. Your lender will review your escrow annually. The review looks at updated taxes and insurance costs to s an Escrow ensure the amount Account Repaid into the account quired? is enough to cover Most lenders costs. If costs have require escrow acdecreased, due to a counts on mortgag- change in insurance es where you pay for example, there less than 20 percent may be an overage down. Your escrow and you will beisaccount is set up at sued a refund. If closing and allows costs have increased, you to pre-pay the you will be required required insurance to make up the difand taxes for the ference. following year. There are two If you put more ways to manage than 20 percent escrow payments if down and decide costs increase: not to open an 1. Pay the differescrow account, ence in one lump you will need to sum. Your full paypay your property ment covers the past taxes and insurance payments and brings premiums as lump your account to balsums. Depending ance. An increase in on the value of monthly payments your home, these is still necessary to payments can cost cover the increased several thousand costs in the future, dollars each year. but you will not have Make sure to budto pay the shortage get for these costs in future payments. so they do not catch 2. Divide and pay you by surprise. the amount over the next 12 payments. scrow Man- Paying back your agement: shortage over time Can my will increase your payment change monthly payment over time? because you are payYes, if there are ing the shortage plus changes in insurance the increase in costs

When a storm can be rolled into has ceased, states strikes or an acplace and uses gas- Ready.gov, while cident knocks out oline as fuel. Plug a freezer can keep electric power lines in a set number of the temperature for or other infrahousehold items, about 48 hours if structure, it may depending on the full. Packing these over the next year. take much longer amount of power appliances with ice This option will for power to be the appliance can or frozen bottles of increase your payrestored. During accommodate. A water can help. ment by twice what Superstorm Sandy whole-house genPurchase books, the previous option in 2012, more than erator can be hardboard games and would increase. eight million people wired to a home’s puzzles to have aclost power and out- electrical system tivities to pass the inancially ages lasted for days and automatically time until power Fit Tip: in some major cities. engage should a resumes. Shop Outlying areas were power outage occur. During a Around for Insurwithout power for Prepare power outage ance weeks, according to in advance Report the power To reduce how National GeographIn anticipation outage to the power much your escrow ic. It’s important to of a power outage, company if it seems fluctuates from year know how to handle stock up on batlocalized; otherwise, to year, review your a power outage to tery-powered devicwait for updates to homeowner’s policy keep everyone safe es like flashlights, see who is affected. and insurance plans. and comfortable lanterns and radios. Try to remain It is always a good until power can be Charge mobile cool or warm if the idea to comparison restored. phones and other HVAC system is shop and request Invest in devices so they’re at not functioning. quotes. If you find a a generator 100 percent power. Pool resources by better deal, contact If you live in an Keep a cache of having everyone in THE RE/MAX SIGNATURE EXPERIENCE your lender to uparea that is affected nonperishable food the family gather Dedicated professionals providing unrivaled service. date your escrow acby frequent power available and plan in one room of the RE/MAX SIGNATURE 114 W. HALL OF FAME, STILLWATER, OK 74075 count information. 405.533.3000 | StillwaterSignatureRealEstate.com outages, a power to use any perishhouse. Older adults I’m here to help, generator may able items that are and children are eseven if you’re not an Gina Killough Cheryl Carpenter Martin prove a worthwhile in the refrigerator pecially vulnerable GinaKilloughHomes.com CherylCarpenterMartinHomes.com RCB Bank custom405.612.2210 405.880.7354 investment. Genfirst. A refrigerato extreme temperaer. Feel free to call erators come in tor can keep food tures. me, Kenneth Wohl, Ted Newlin Vicky Jerome two basic types. A cold for about four TedNewlin.Realtor.com VickyJeromeHomes.com at 405-608-5291 or 405.714.5309 405.747.7239 portable generator hours after power – MetroCreative email kwohl@bankrcb.net. Tina Darr Candy Yundt Stillyhomes.com CandysHomes.com 405.742.4525 Opinions expressed THE405.697.0045 RE/MAX SIGNATURE EXPERIENCE above are the perDedicated professionals providing unrivaled service. Brooks Thomas Julie Bahl sonal opinions of the BrooksThomasRealty.com StillwaterHomeTeam.com 405.762.3744 405.880.3476 author and meant for RE/MAX SIGNATURE 114 W. HALL OF FAME, STILLWATER, OK 74075 generic illustration 405.533.3000 | StillwaterSignatureRealEstate.com Amanda Meberg Kasey Longan purposes only. For admeberg@gmail.com RealtorMomPro.com 405.612.2096 specific questions regarding your perCandy Yundt Brooks Thomas Gina Killough Beth Peterson sonal lending needs, CandysHomes.com BrooksThomasRealty.com GinaKilloughHomes.comBethPetersonHomes.com please call RCB Bank 1-3 Beth 405.742.4525 405.880.3476 405.612.2210 2618 Lyndsey Ct. at 855-BANK-RCB. 6209 W. Canterbury Tina 1151-2:30 S. GRANDVIEW ST. With approved credit. Each office independently owned and operated. Some restrictions 3BR, 1.5BA 1,334 sq.ft. 1124 Stoneridge Dr. 12-1:30 Julie apply. Equal HousJulie Bahl Ted Newlin Kasey Longan $158,000 ing Lender, Member StillwaterHomeTeam.com TedNewlin.Realtor.com www.propertyjustforyou.com Candy Yundt FDIC. RCB Bank 405.762.3744 405.714.5309 405.880.5569 NMLS #798151. 2:00-4:00 p.m. Kenneth Wohl NMLS #453934.

Stillwater NewsPress • Thursday, December 31, 2020

ow Does Escrow Work? First, your lender adds up your additional home-related costs outside your mortgage payment, including property taxes, homeowners insurance, mortgage insurance and flood insurance. Then, they divide the total cost of these payments by 12 months and add it to your monthly mortgage payment. With an escrow account, you make one monthly payment that includes your mortgage principle and interest, plus a percentage of your insurance and tax expenses. Every time you make a mortgage payment,

Mortgage Matters

Don’t miss a beat during a power outage

Stillwater NewsPress • Thursday, December 31, 2020

Millennial Money: three vague financial resolutions to avoid By Courtney Jespersen zi, certified finanNerdWallet cial planner and owner of Activate As we close out Wealth in Philadel2020 and enter phia. “And then you 2021, most of us are kind of back into anxiously awaityour budget from ing a happier year there.” ahead. TraditionIf you really want ally, we mark the to save more money fresh calendar year in 2021, make it with New Year’s your mission to resolutions to keep set aside a specific us hopeful and mo- percentage of your tivated – particular- income each month, ly when it comes to Venanzi recomour finances. mends. If all goes well, by This approach this time next year, will help you spend you’ll be posting on less by taking savsocial media about ings off the top. how you crushed Working from a your 2021 #goals. percentage – say, But that post will saving 20% – is be a lot less likely if also beneficial beyou set resolutions cause you won’t be that aren’t attaincomparing yourself able in the first with anyone else. place. Someone else may To increase your save $500 a month, chances of success, but you can calcuhere are three filate and save a dolnancial resolutions lar amount based to avoid this year – on your own income and some better al- that works for you. ternatives instead. Just make sure SPEND you’re actually savLESS MONEY ing money rather It’s probably the than just rearrangmost basic financial ing it, says Sean goal: spending less. Rogers, CFP, owner But as well-intenof Capital Stewtioned and finanardship Partners cially responsible in Grand Rapids, as it sounds, it Michigan. probably won’t yield For instance, if the greatest results you’re putting more over the next 12 money in savings months. each month but “Focus on savings then charging more goals as opposed to to your credit card budgeting goals,” to make up for says Taylor Venan- less money in your

checking account, you’re not actually saving more. PAY DOWN DEBT Like saving money, paying down debt sounds like an important resolution. And it is. But it’s actually more important to make a plan for attacking that debt. While your debt repayment strategy is a personal decision, for most people, Venanzi recommends focusing on paying down your high-interest debts. Or, you could get even more granular and resolve to work on debts above a certain interest rate. If you have more than one high-interest debt, check for variable-rate debts. Be aware of these because the interest rate could jump in the future. Once you take inventory of your debts, pick a debt payoff strategy and make that your New Year’s resolution. PLAN FOR RETIREMENT Here we go with ambiguity again. Sure, thinking ahead to retirement is smart. And you should 100 percent be doing that. But “staying on track

for retirement” doesn’t exactly qualify as a great resolution. A more specific goal would be to say that you want to retire at age 65 without compromising your current lifestyle, Rogers says. Using that as your guideline, you’ll have an idea of how much money you need in retirement and can take steps to work toward that target. So in 2021, your retirement resolution may actually be along the lines of: Organize my financial documents. Set up a balance sheet and income statement to track my spending and saving. Commit to a long-term savings

rate. If you follow through with these and other actionable steps, you’ll be on track for your ultimate goal. GOALS ASIDE, MAKE A PLAN Any financial resolution can be good or bad, depending on if you have a proper plan to execute it, according to Kyle Hill, CFP, owner of Hill-Top Financial Planning, LLC in Kansas City, Missouri. “Buying a house, getting a new-toyou car or even getting out of debt – these are all great goals,” Hill says.

“But if you don’t have a plan for achieving those, I think that’s where you can kind of get into trouble.” Rogers says a reliable way to get where you want to go is to look in the rearview mirror first. Say you’re creating a budget to track your spending. You wouldn’t just guess how much you plan to spend each month on various expenses. It’s a better idea to pull up your credit card and bank transaction data from the past year to see how

much you actually spent. Use those figures as a baseline. Another helpful tool? Hill and Venanzi both recommend an accountability partner, like your spouse, colleague, parent or someone else who knows your objective. Check in on your progress every other month for short-term goals and annually or semiannually for long-term goals. So go ahead, make a plan to crush those 2021 resolutions – and then make it happen.

405.624.2626 www.c21global.com 131 N. MaiN, Stillwater

DEFY MEDIOCRITY + DELIVER EXTRAORDINARY Linda Schmidt Broker

405.880.3048 Bailey Williams

405.714.4037

Property Manager

Alane LeGrand

405.747.6950 Judy Kasso

Rosetta Heppel

405.880.0869 Virginia Cussner 405.747.7601

Beverly Carter

405.743.9618 Diana Field

Sandy Blankinship 405.269.9523 Oscar Fortune

801.824.8166

405.747.4684 405.747.6042

Mike Branson

405.612.5347 Thomas Jenkins 405.780.3204

Tana Rutan

405.612.1496 David Heppel

405.269.6907

Your Local Home Find the areaâ&#x20AC;&#x2122;s best selection of properties in one place at stwnewspress.com

Hub

In Print: Every Thursday in Real Estate Weekly Online: 24/7 www.stwnewspress.com

News Press Stillwater

stwnewspress.com

211 W. 9th (405) 372-5000

Stillwater NewsPress â&#x20AC;˘ Thursday, December 31, 2020

Search homes for every preference and budget!

Yost Rd.

To Cimarron Turnpike

McMurtry Rd.

Chateau Ct.

Topaz Ave.

Amethyst Ave.

Duncan

Nancy Lee Dr.

Teal St.

Hartford

Evergreen

Perkins Rd.

Knoblock St.

Star Dr.

Jardot Rd. Marine Rd. Burdick St. Manning St. Briarwood St.

22nd Av.

Aetna St.

t. is S Lew

Lowry St.

Lowry St. 37th Av.

32nd Av.

35th Av. 36th Av.

37th Av.

44th Av.

Hunters Cr.

Dr. Deerfield

s Wild Turkey Pas

Vista Ct. Vista Ln.

Cottontail Ln.

Jardot Rd.

Perkins Rd.

Husband St.

Washington St.

Western Rd.

Sangre Rd.

Timberline Dr.

44th Av.

177

Katy

S. Westchester St.

Henderson St.

Hightower St. Dr.

Mockingbird Ln. Collins Ct. Colby Lance

Villa Dr.

Drury Ln.

4th Av.

Eastgate St.

Crestwood Cr.

Raintree Av.

3rd Av. 4th Av.

Peach Tree Av. Stonegate Av.

19th Av.

34th Av.

Fern St.

Main St.

35th Av.

Av.

Lydia Ln.

Main St.

Husband St.

Knoblock St.

Cambridge Dr.

West St.

33rd Av.

3rd Av.

5th Av.

17th Av.

29th Av.

32nd Av.

2nd Av. 4th Av.

Jardot Rd. 16th Av.

Payne St.

Dr.

Ransom Dr.

ott

26th Av.

31st Av.

ow Hight

Pinewood Cr.

177

30th Av.

Pos

Wedgewood Dr.

Oakwood Dr.

9th Av.

24th Av.

Mar Vista St. 28th Av.

Denver St. er St.

Jardot Rd.

Blair St.

Payne St. Payne St.

7th Av.

25th Av.

26th Av.

Timbercrest Dr. Timbercrest Cr.

4th Av.

19th Av.

22nd Av.

Denver Ct. Denver St.

Young St.

Skyline St.

Canyon Rim Dr.

Jardot Rd.

Wedgewood Ct. Wedgewood Dr.

Skyline Ln.

Eastern Av.

Cottonwood Dr.

Crestwood Dr. Crestwood Ct.

3rd Av.

Stallard St.

Hall St.

Leigh St.

Burdick St.

James Ct. Alc

Pennsylvania St.

Hartford St.

Fern St.

Chester St. Fern St.

Blair St. Payne St.

Virginia Av.

Hartford St.

Lowry St.

Chester St. Lowry St.

Springfield St.

Lowry St.

Lewis St. Lewis St.

Husband St.

Main St.

Duncan St.

Skyline St.

Briarwood Dr. Manning St.

Grandview St.

Manning St.

Donaldson St.

Hartford St. Dryden St. Benjamin St. Burdick St. Burdick St. Berry St. Arrington St. Marshall St. Doty St. Blair St. Grandview St.

Stallard St.

Burdick St.

Perkins Rd.

Grandview Ct. Grandview St.

Manning St.

Su nn nn y yb Ct bro ro . ok o

Benjamin St.

Dryden St.

Berry Ct. Arrington Ct. Arrington Dr.

Hartford St. Dryden St. Redbud Ct.

Star St.

Lewis St.

Hoke St. Husband St.

Masin St.

Duncan St.

West St. Duck St.

West St. West Bl.

Husband Pl.

17th Av. 18th Av.

Payne St.

Dryden St.

Hartford St.

Benjamin St.

Pa rk Sta Dr. rD r.

d Dr.

Main St.

Duncan St.

West St. Duck St. West St. Duck St.

Knoblock St.

Ramsey St.

Hester St. Hester St.

Knoblock St.

Washington St.

Ramsey St.

Walnut St.

15th Av.

Cedar Ct.

12th Av.

13th Av. 13th Pl. 14th Av. 16th Av.

Connell Ct. Connell Av.

Young St.

Park Dr. Park Dr. Keller Dr.

Husband St. r. dD an sb

Crescent Dr.

Husband St.

Ramsey St.

Hester St.

Washington St. Bellis St.

Hester St. Knoblock St.

Ramsey St.

Lincoln St.

n St. Monroe St. Jefferson St.

Lincol

Monroe St.

Monroe St. Jefferson St.

Adams St.

Stanley St.

Pine St.

Gray St.

Walnut St.

Bluestone St.

Willis St.

Silverdale

Summ erlin Ct. Bridlew ood

12th Av.

Whitney Ct. McElroy Rd.

Matthews Av.

21st Av.

Pioneer St.

Murray Ct.

Crescent Dr.

Ramsey St.

Lincoln St. Lincoln Brooke Lincoln St. St. Hollow Ct. Monroe St. Monroe Monroe St. St. Jefferson St.

Garfield St. Clevelan

Kerr St.

d St.

McFarland St. . Kings St

Orchard St.

McDonald St.

McFarland St. Kings St.

Willis St.

Blakely St.

e D Ridge Dr. r. Willis St.

Ridge Dr. Rid g Western Rd.

t Dr.

Augus

Oxford Dr.

Legendary Ln.

Walnut St. Melrose Dr. Pine St. Redwood St. Gray St. Cleveland St. Stanley St. Garfield St.

Willis St.

Kings St. Orchard St.

Western Rd.

Dr.

Wicklow St.

Devon St.

Devon St. Wicklow St. Ln.

Celia

August Dr.

Surrey Dr.

Dr . in Elv

Black Oak Dr.

Pioneer St. Quail Ridge Dr. 28th C t.

Eagle Summit

Birchwood Ct. son Ct. Wedgewood

Black Oak Dr.

11th Av.

Pl.

8th Av.

9th Av. 10th Av.

Fountain View Dr.

Han

Karr Ct.

Redbud Dr.

7th

7th Av.

er om

Country Club Rd.

Cedar Ct.

4th Av. 5th Av.

5th Av.

Forest Trail Ct.

44th Av.

Turtle Pond Ct.

August Dr. Cambridge Ct.

24th Av.

rD eda

Ct.

Helena Hts.

24th Av.

3rd Av. 4th Av.

21st Av.

mit

Maple Av.

19th Av.

23rd Av.

Sum

Maple Av.

Brooke Av.

Sunrise Av.

McElroy Pl.

Elm Av.

Elmwood Cr.

Elm Av.

Connell Av.

Arrington Dr.

Virginia Av.

Krayler Ave.

Will Rogers Dr. Cimarron Pl. Cimarron Dr. Leland Frontier Dr. Linda Av. Willham Dr. Ct. Boyles Ct. Willham Dr. Manning Ct.

Hanson

8th Av.

12th Av.

11th Pl.

Arbor Cr. 22nd Av. 23rd Av.

Camden

7th Av.

k Ln.

Doral Ln.

Miller Av.

Lakeview Rd.

Fountain View Ct.

Red Rose Dr.

Aloysius Cr.

18th Ct.

e Roc

n St.

one D

st Wood

Briarcreek Dr.

5th Av.

Will Rogers Dr.

Dryden Cr.

Hall of Fame Av. Mathews Av.

University Av.

31st Av.

Woodland Trails Dr.

Pheasant Eagle Creek Ave. Ridge Ave.

22nd Av.

Cantwell Av.

Scott Av.

Emma Swim Ave.

Krayler Ave. Ridgecrest Av. Brooke Av. Moore Av. Franklin Ln. Knapp St.

Connell Av.

Morrill Av.

Saddl

Rocky Ridge

dge D r. Fox Le

29th Ct. 30th Av.

Inverness Ln. Deer Crossing Dr.

18th Av.

20th Av. 21st Ct.

Ct. . nery ock Ln R dle Sad

Ln.

Fox Ledge Ln.

17th Av.

n. eL

Cantwell Av.

13th Av. 14th Av.

15th Av.

Quail 25th Av. Ridge Ct.

Shin

Park

k Dr.

Fox Ledge Dr.

erd aV

Lom

low

Isabell Pointe Dr.

St.

Sawgrass St.

Willow Park Cr.

Fox Ledge Ct. 32nd Av.

eld

Bristol Rd. Av. 24th Av.

Wil

Lyndsey Ct.

erfi

Black Oak Dr. Countryside Dr.

eS nic

Chapel Hill

Culpepper

Savannah

wbric

Cove

Ridge

Pioneer St.

Sangre Rd. Murphy St. Fairfield Dr.

Hillside St.

Davinbrook Ln. Fiddlers Hill St. Berkshire Dr. Dublin Dr.

Windsor Dr.

Squires St. Shumard Ct. Oak St. W. Shumard Dr. Williamsfield

Westridge St. Hillside Ct.

Fairfield Dr. Mansfield St. ge Ct. Cedar Rid

Tanglewood Cr.

Iba Dr.

Oak Trail Dr.

7th Av.

yP urre

19th Av.

18th Av.

Shadow Creek Ln.

10th Av.

Knotts Av.

7th Av. 8th Av. 9th Av.

Glenwoo

Lincoln St. Liberty Ct.

Ivy Ct.

Cleveland St.

McFarland St.

McDonald St.

Willis St. Ridge Rd.

Country Club Rd. Abbey Ln.

Windsor Dr. 2nd Ct. Kea ts D r.

Oak Ridge Dr. Basin Ridge Dr. e Dr. Ridg lue Charles Dr. Sprin B gdal Wo e Dr. odc re 11th Ct. st Dr. Edgemoor Dr.

Greystone St.

Stoneridge Dr.

Westwood Ln.Westwood Dr.

. Rd ge

ail Dr.

Vil la

Walking Tr

Loper Billin gslea Ln. Ct.

Shiloh Creek

r. k D r. r. 15th Av. Old Forest D D roo stb hire ar Charleston Cypress Mill We orks alam Y Sh 18th Ct.

4th Av. 5th Av. 5th Av.

Wehr Ln..

Wentz Ln. University Cr.

Dr. Park Cr.

Ramsey St.

Airport Ln.

Monroe St.

Land Run Dr.

tD r. W rig h

sR d. ces

Preston Liberty Cr. Cr.

Airp ort Ind ustr ial A c

Valley Dr.

Mark Circle

Charolais Dr.

Warren Drive

Valley View Bradley Pl. Sangre Rd.

Keely Ct.

Range Rd. Crosswinds

rook St.

Stoneyb

Cree

lder Bou

ge drid W oo

Range Rd.

3rd Av.

Austin Ct.

18th Av.

Lou Ct

Scissortail Dr.

Stillwater NewsPress • Thursday, December 31, 2020

kor

Persimmo

Hic

Westbrook Ct. 15th Av.

Ashton Ave.

w illo

Ct.

Yello

ntry

Sunset Av. University Av.

St. Tyler Av.

Scott Av.

Lauren Lane

Keller Dr. Lakeview Ct.

Dells Av.

Wiley St.

Country Club Dr.

Murphy Dr.

liff

Richfield Ct.

Dr.

Charring Cross

land Ct . Ja Lind a

Summer Hill Ct. Germaine Ct.

Woodlake Dr. Deer Creek Ct.

Canterbury

Bria

Crestview Ct. Cowboy Ct. High

St.

Franklin Ln.

Farm Av. Olive Ln. Drummond Av. Athletic Av. Monticello Dr.

Arrowhead Pl.

Arrowhead Av.

5th Av.

Aggie Dr.

d woo

Ashbury

Admiral Av. Sherwood Av.

4th Av.

Prescot Dr.

gle Tan

Kenslow Dr.

ire vonsh

Fairway Dr.

Durham Ct. Ashford Ct.

8th Av.

. Club Dr . Country Club Ct Country 14th Av. Woodland Ct. Oakfield Ct. 16th Av. Dr.

o Wo Crestview Av.

Mercury Av.

Liberty Dr.

d Dr.

Frontage Road 7th Av.

rfie

Gle

Osage

Gle Dr.

woo

n dla

rst D

ehu

Wild

5th Av.

ointe en P Gard ill ng H Spri Deer Run Ct.

VillasCt.

5th Pl.

Dr.

aks

O den

Hid

Cr.

Oakdale

e Ridg Oak

2nd Av.

11th Av.

Rd.

Scott Av.

Miller Av.

Virgina Av.

Pecan Lake Av. Trenton Ct. Pecan Trail Ct.

coln

Lin

Hall of Fame Av.

1st Av.

Pecan Hill St.

Thomas Av.

177 Ct. Av. uita rgia Chiq d Ct. Geo woo Wild Dr. Brentwood Dr. n Peca Redbud Dr. Redbud Dr. Randolph Ct. Eskridge Av. Windrock Hartman Av. Cr. Tyler Av. Tyler Av. Highview Av.

Dr. nett Graham Av. Ben Will Rogers Dr. Eskridge Av. Eskridge Av.

Eskridge Pl.

lha

Wil

Farm Av.

10th Av.

mer

McElroy Rd.

Walnut St.

Reese Landing

9th Av.

Boo

Knapp

Tyler Av.

Harned Av.

Mohawk Av.

Lak

Brooke Jefferson St.

Brooke Moore Franklin

Tyler Av.

Eastland Dr. Marcus Dr.

Swim Av.

oke r. Brollow D Ho

Hereford Dobi Ln.

Oak Crest Rd.

8th Av.

. Dr

Lakeview Rd.

Eskridge Av.

7th Av. 8th Av.

Boomer Lake

Osage Dr.

Liberty Rd. Preston Av.

Vena Ln.

8th Ct. 9th Ct. Trenton Av.

Parkway Dr.

Lakeridge Av.

Rutledge Dr.

Windmill Ln.

Hillcrest Av.

Harned Av. Madison Ct.

Thomas Av. Frances Av.

Airport Rd.

Newman Av.

te S

Win

Sta

Dr.

Tobacco Rd.

Preston Ln.

State Ln.

Lisa Ct. Lori Ct.

Av.

177 Airport Rd.

ore

illo

Harned Av.

Memory Ln. Country Ln.

Cheyenne Av.

Newman Av. Hillcrest Av. Brown Av.

Liberty

Arapaho Av.

Lake Sh

3rd Av.

rie Dr. Wil liam Ct.

Pa rk Gr vie ee w C nv r. ale Cr Da . vis Ct. Ma

Washington St.

Cherokee Av.

Dr.

Ute Av. Ranch Av.

age

sse

Rogers Dr.

Hartwood Av.

4th Av.

Cla

Richmond Rd.

ers

Rog

Falls Dr.

Stillwater Municipal Airport

gate Dr .

Britton Ct. B Dr. ritton Greenbriar Cr. Dr. Au d Ma ene D rieD r. r. Greenvale Ct. Ct. side rook

Golf Dr.

Park

Stonecrest Ct.

RE/MAX Signature 1. 115 S Grandview St. – 2-4 p.m. … Candy Fisher Provence 2. 4018 W 15th Ave. – 1-3 p.m. … Kim

Windsor Cr.

Quartz Dr. Richmond Hill Rd.

Washington St. Garfield St.

Hunters Ridge

Stonecrest Ave.

Lynn Ln.

North

Benjamin

Husband Pl. Northgate Dr.

St.

Richmond Rd.

Park Pl. Tower Park Dr.

Richmond Hill Ct.

nd Husba

• Open Houses may be canceled in the case of inclement weather. If you have questions, please call the hosting REALTOR®.

il dm

Ct.

yon

Can

Chateau Dr.

Chateau Pl. Peaceable Acres Rd.

• All Open Houses are Sunday unless otherwise indicated.

3rd Pl.

Burris Rd.

Burris Rd. 177

Week of Sunday, Jan. 3, 2020

Lakeview Rd.

Jardot Rd.



OPEN HOUSEMap

Yost Rd.

Perkins Rd.

Yost Rd.