News Press Stillwater
REALESTATE W E E K LY Your best source for weekly real estate news and listings for Stillwater and surrounding communities
June, 30, 2022
5.23% Following three weeks of declines, mortgage rates reversed course and headed back up this week.
$125,000
$225,000 “Bringing Buyers and Sellers Together Professionally”
24101.5 CR 230 Morrison
Real Estate Professionals www.stw-realestatepros.com 405-372-5151 $357,000 703 Wedgewood Dr
Weekly Features: • About Real Estate • Open House Map
$950,000 824 Oakridge Dr.
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.
6211 Pearl Snap Trail
2
Stillwater News Press • Thursday, June 30, 2022
Key group suggests keeping more profits tax-free An influential public-policy group thinks that Congress should consider allowing home sellers to keep more profits away from the IRS. DEAR DAVE: Considering the fact that home prices have skyrocketed several years in a row, is there a chance that Congress might raise the amount of profit that homeowners can keep tax-free when they eventually sell? ANSWER: No bill that would raise the exclusion on home-sale profits has formally been introduced on Capitol Hill, but a new report by an influential public-policy group provides a glimmer of hope that equity-rich owners will eventually get to keep more of their resale profits away from the clutches of the Internal Revenue Service. Currently, the IRS allows single tax-filers to keep up to $250,000 of their home-sale profits tax-free, provided that the property has been their primary residence for two of the previous five years before the sale. Joint tax-filers can keep up to $500,000. Those amounts haven’t been changed since they were instituted 25 years ago. That means that many sellers today are facing huge
income-tax bills because the long run-up in home prices has pushed their resale profits well above the $250,000/$500,000 limits – especially if they have owned their home for several years or live in either of the red-hot coastal markets. Recently, though, the Congressional Research Service (crsreports.congress.gov) -- a policy group that is part of Congress itself and provides federal lawmakers with nonpartisan information and suggestions -- issued a report that says our elected officials may want to revisit the existing tax-free limits on resale profits. “Given concerns about recently rising housing prices and inflation in general,” it said, “policymakers may wish to reconsider” the current caps. Still, homesellers shouldn’t expect any new tax relief soon. Most lawmakers will be too busy running for re-election and investigating last year’s attack on Capitol Hill throughout the fall, leaving them with little time to focus on other issues. And, of course, all of them will be going home for their month-long summer break in August. At best, a bill to raise the current tax-free limits on home profits proba-
ABOUT REAL ESTATE DAVID MYERS bly wouldn’t be introduced until next year. ••• REAL ESTATE TRIVIA: The National Association of Realtors (www.nar. realtor) spent $44 million on federal lobbying efforts in 2021, according to government records compiled by research firm OpenSecrets.org. Only the U.S. Chamber of Commerce, at $66.4 million, spent more. ••• DEAR DAVE: We purchased an older home, and it recently occurred to us that some of the walls might be painted with leadbased paint. How can we test for it? ANSWER: Most home-improvement, hardware and
paint stores sell do-it-yourself kits, or you can hire a professional to do it for you. For decades, lead was added to paint to increase its luster and accelerate the drying process. But it was banned by the federal government in 1978 after it was found to pose a variety of health risks and sometimes even result in death. The two most common types of DIY lead tests are rhodizonate-based kits and sulfide-based kits. The type you choose will depend on the color of the paint that you plan to test. For example, rhodizonate kits are known to give false positives on red and pink paints. Sulfide
Ready to Buy or Sell? Call Barbara Today!
yy Call Barbar
Call Barbara To
NSURANCE AND REAL ESTATE IINSURANCE AND REAL ESTATE Serving Stillwater Since 1950
BARBARA HOUCK
BROKER/OWNER, GRI
30+ years of experience
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
kits are known to give inaccurate results on dark paint. The kits contain several swabs, which will change color if lead is detected. Follow the testing instructions to the T to avoid mistaken results. The DIY kits cost about $10 each. The national average for a professional inspection is $320, according to contractor-referral service HomeAdvisor. com. ••• DEAR DAVE: I saw a brief TV report that said that home sales and prices have been soaring in Montana ever since Kevin Costner’s hit show “Yellowstone” began airing on the Paramount Network four years ago. Is this true? ANSWER:
Yes. The Western-themed drama often highlights the state’s majestic mountains, meandering rivers and sprawling ranches, which in turn has persuaded equity-rich homeowners in urban areas to sell and move to “Big Sky Country” or to purchase second homes there. The pandemic, along with the growing ability of many workers to do their jobs from home, has also played a role in Montana’s real-estate boom. Many out-of-state buyers have been opting for remote ranches, big or small, where they can work without having face-toface contact with others. The median price of a single-family home in the
popular resort and college town of Bozeman was below $500,000 shortly before the pandemic hit about two years ago. Now, the local realty board reports that it’s nearly $750,000 Many other Montana towns and cities have seen even larger percentage gains. It’s worth noting that not all longtime Montana residents are welcoming the state’s cash-flush newcomers. They complain about growing traffic problems and that fast-rising home values and rents have made it even more difficult for themselves -- or their offspring -- to purchase a house or lease an apartment. (c)2022 Cowles Syndicate Inc.
405.624.2626 www.c21global.com 131 N. MAIN, STILLWATER
DEFY MEDIOCRITY + DELIVER EXTRAORDINARY Linda Schmidt Broker
405.880.3048 Jennifer Misener 405.714.4037 Property Manager
Alane LeGrand
405.747.6950 Judy Kasso
801.824.8166
Rosetta Heppel
405.880.0869 Virginia Cussner 405.747.7601
Beverly Carter
405.743.9618 Diana Field
405.747.4684
Sandy Blankinship 405.269.9523 Oscar Fortune
405.747.6042
Mike Branson
405.612.5347 David Heppel
405.269.6907
Tana Rutan
405.612.1496 Brent Clark
405.624.8222
Blackberry season is upon us Horticulture EduThe Payne Coun- one of the largest newer varieties rev10_1_2021.pdf cator in the Payne ty Master Garden- blackberry-breedthat can tolerate Word of the County Extension ers meet monthly ing programs in our Oklahoma week: Primocane office. Laura can be to discuss past the world and have heat. – a new cane on a activities they have released some of For informabramble fruit (as a reached via email offered to the com- the best varieties tion on licensed blackberry or rasp- at laura.payne@okstate.edu, phone at munity, upcoming for us to grow here propagators go to: berry) 405-747-8320, or in events and they in Oklahoma. https://cpb-us-e1. For more inforperson at the Payne always include an Blackberries are wpmucdn.com/ mation on this County Extension educational compo- now more flavorful, wordpressua.uark. or any other horLAURA PAYNE office, located at nent. come in thornless ticultural topic, edu/dist/3/599/ 315 W. 6th in StillJune’s education- varieties and fruit in the past and cess, I suggest you files/2021/10/Prop- you can contact water. al component was on primocanes. agators-List-table_ Laura Payne, the not had much suc- try some of these about blackberries, What is the imand what better portance of primoplace to learn canes? about blackberries Primocanes shift than N40 Berries? fruiting time from N40 Berries is early to mid-suma locally owned mer, to late sumU-pick blackberry mer, and fall, exfarm located north tending the producof Stillwater with tion and marketing 1,500 blackberry season of a crop. plants. Another benefit Master Gardener is the potential Darla Black and for two crops from her husband Rich- the same plant, RESIDENTIAL ard started this the floricane (last adventure because year’s cane) which Scotthaven Addition - Nice large lots in Perkins School District/starting at $45,000 - Donna they enjoyed going produces fruits Broker Associate Roka Hidden Lake - 14 beautiful lots on the North Side - $52,000-$79,000 - Lori K. to U-pick farms. early in the season 405-612-6724 Having the expeand then the pri5700 E Jesse Lane - 900 sq. ft. Building 1.17 acres m/l - $89,000 - Kyle rience of picking mocane producing 24101 1/2 CR 230, Morrison - 2 Bed 1 Bath Approx. 1.5 acre Farm House - $125,000 - Dolores/Tiffany their own food fruits on the curmade them want to rent season’s canes. 1818 W 68th - 8.33 acres West of Hwy 177 & 68th - $175,000 - Lori K. provide this experiSome of the new 703 Wedgewood Dr - 3 Bed 2.5 Bath 2 Car Garage - $225,000 - Lori K ence for others. varieties released Blackberries from the Universi7425 W 80th - 40 acres SW Stillwater Will Divide Call For Details - $300,000 - Lori K have come a long ty of Arkansas and 824 Oakridge Dr - 4 Bed 2.5 Bath 2 Car garage 2 Story 2,898 sq. ft. - $357,000 - Amy way from the grown at N40 are ZONES: CENTRAL 000 N Glenwood Ct. - 9 Lots platted for duplexes close to Boomer Lake - $420,000 - Tiffany thorny bushes we Natchez, Ponca, see growing along Caddo, Osage, for week of MayOuachita 20, 2018 4717 Turtle Pond Ct - 3 Bed 2.5 Bath 2 Car Garage 1/2 acres wooded lot - $525,000 - Tiffany roadsides and in and 2x2 ads may run anywhere in your newspaper. Don’t forget to remind your classified department to download the 2620 S Black Oak Dr - “One of a Kind” Georgian 4/3.5/3 4,813 sq. ft. - $850,000 - Donna fields. Apache. line ads for this week at www.okpress.com/ocan CHOOSE THE AD SIZE CLOSEST TO YOUR COLUMN WIDTH The University If you have 6211 Pearl Snap Trail - 4/3.5/3 3,241 sq. ft. on 10 acres m/l w/ out buildings - $950,000 - Lori K. of Arkansas has grown blackberries
HOME GROWN
Oh, Oh,thethethings thingsyou you will willlearn learnwhen whenyou youread read
Oh, Oh,thethethings thingsyou youwill willlearn learnwhen whenCOMMERCIAL you youread read
PUBLIC PUBLIC NOTICES. NOTICES.
Keep informed informed 1218 W 12th - LocationKeep Location Commercial Lot - $950,000 - Lori K.
about about what’s what’s going going onon in in your your community community 203 E 80th St. - Nice large office on 3-acres m/l - $1,200,000 - Lori K. byby reading reading 1740-1760 W Lakeview - UPSCALE OFFICE SPACE - $1,400,000 - Dolores/Tiffany public public notices notices 3215 S Boomer Rd - Nice Commercial in in your your local localbuilding for sale - $2,245,000 - Tiffany newspaper. newspaper. 101 E 80th St. - Commercial building and shop on 11.5-acres - $4,000,000 - Lori K. 115 E 80th St. - Nice large office on 2-acres m/l - $235,000 - Lori K
Montie Stewart Monty Stewart Realtor Realtor Associate 405-747-7306 405-372-5151
Lori Crosby Realtor Associate 405-612-4184
3
PUBLIC PUBLIC NOTICES. NOTICES.
Keep Keep informed informed about about what’s what’s going going onon in in your your community community byby reading reading public public notices notices in in your your local local newspaper. newspaper.
Stillwater News Press • Thursday, June 30, 2022
5504 W Creekside Dr. - GATED COMMUNITY Radiant Luxury 5/4.5 5,823 sq. ft. $1,475,000 - Dolores/Tiffany
What is an escrow shortage? Escrow accounts are a vital part of mortgages for nearly all homebuyers. Some lenders require mortgage borrowers to have escrow accounts, or the borrower may opt in to an escrow account through their mortgage servicer. Escrow accounts set aside funds for tax and home insurance payments
until they’re due. With each mortgage payment, a portion is set aside in the escrow account. When it’s time to pay property taxes and home insurance, the mortgage servicer will pay those bills on your behalf. A cost increase of any of the items in the escrow account can cause an
MORTGAGE MATTERS KENNETH WOHL escrow shortage. For instance, if your property tax rises dramatically or your home costs more to insure if
its value increased, this could make an escrow shortage. If there is a shortage, typically you can pay the
4
Stillwater News Press • Thursday, June 30, 2022
Airbnb permanently bans parties at its rental locations SAN FRANCISCO – Airbnb is making permanent its ban on parties at homes listed on the site for shortterm rentals. The San Francisco company believes the ban has worked, saying Tuesday that reports of parties at listed properties have dropped 44% from a year ago. More than 6,600 guests were suspended last year for related violations, Airbnb said. Airbnb began to crack down on parties in 2019 after a fatal shooting at a party in a house in California. At that time, the company prohibited advertising
parties at Airbnb locations on social media. The number of parties at Airbnb locations increased during the pandemic, Airbnb said, as people moved
gatherings from bars and clubs to rented homes. That led to a temporary ban in 2020. While making the ban permanent, Airbnb said it will lift a limit
of 16 people at rented properties. It said the cap was prompted by health concerns before vaccines against COVID-19 were available. – AP
amount in full, or have the amount added to your monthly mortgage payment. An escrow analysis typically is performed about once per year, so escrow shortages generally are rare occurrences. But as a homeowner, it’s prudent to be prepared for any unexpected costs that come up
with homeownership. It’s good to keep your eye on your escrow account, that way you can be prepared if it looks like there’s going to be a shortage. Opinions expressed above are the personal opinions of Kenneth Wohl and meant for generic illus-
tration purposes only. With approved credit. For specific questions regarding your personal lending needs, please call RCB Bank at 855-BANK-RCB. Some restrictions apply. RCB Bank is an Equal Housing Lender and member FDIC. RCB Bank NMLS #798151. Kenneth Wohl NMLS #453934.
Digital subscriptions make staying current easy... Download the app for FREE
4UJMMXBUFS
Now available for iOS, Android, and Kindle
NEW LISTING
EXPERIENCE
THE
Dedicated professionals providing unrivaled service. 114 W. Hall Of Fame • Stillwater • 405.533.3000 StillwaterSignatureRealEstate.com|
@RemaxSignatureStillwater
OPEN 12 HOUSE SUNDAY,JUNE FEB. 7 OPENHOUSES HOUSE,•SUNDAY, SUNDAY, JULY 3 5518 W. 7th AVE. 1427Drive S. ASHTON AVE. 3604 S. Fountain View 2314 Enchanted Lane, 1104 W. Frances, 3BR, 2BA, 1,777 Sq. Ft. 5BR, 4BA, 3,664 Sq. Ft. Stillwater Stillwater $209,500 $448,500 Heath and Ashley Bowman Kristin Vicky Jerome Sarah Dondlinger Manuel Rachel Shields 2:00pm-4:00pm P.M. 2:00-4:00 P.M. Friday 7/1 1:00pm-2:00pm -1:00-2:00 11:30am-1:30pm
4830 W. 11th CT.
2902 W. 44th, Stillwater $335,800 James Causley Brooke Stuart 1:00pm-3:00pm 1:00-3:00 P.M.
4BR, 3,648 Sq. Ft.
1116 W. Brown CT. • $225,000 2024 E. CONNELL • $215,000
Here’s your chance to secure a great home anhome! established neighborhood west of going Boomer Wedgewood is a great neighborhood to in call This house has all the fun on!Lake. Gazebo This home is owner-occupied a large, fenced-in backyard a 16 Xboasts 30 of andbrick covered patio on the east side,and hothas tub, mounted TV, serving barthat andcontains more! Inside shop with concrete flooring and an overhead door. This cozy home has updated carpet and paint, new paint downstairs, stained concrete floors, updated appliances and updated sliding door as to well as two living areas. The kitchen issprinkler made bright withflat-safe beautiful,storm natural light streaming in from patio. Brand new roof, inground system, shelter, privacy fence, large the cute kitchen window the sink and has an suite easy toonaccess eating backyard, lots of extras above here! Primary bedroom the first floor bar. backyard hasguests large,on mature trees too. and plots for gardening. Is plusThe a half bath for first floor Upstairs has two bedrooms, conveniently located Boomer and Sanbornunit. Lakes, which offer fun roomy closets, and aclose full to bath with tub/shower Attractive cul-dehiking fishing, disc golf, kayaking, playground and more! sac andtrails, this location is convenient to shopping and access schools.
Getting started in real estate investing By Ben Mizes Wealth of Geeks
vations on your own, you’ll be able to save a ton of money. But buyer beware - finding homes to flip that won’t turn into money pits requires having multiple sources such as the MLS, wholesalers, auctions, foreclosures, short sale negotiators, and real estate agents. When determining ROI, you’ll also want to consider closing costs, the price of renovations, real estate commission fees, and other expenditures. Rentals Investors can choose to invest in long-term or shortterm (vacation) rentals when it comes to rental properties. Long-term rental investors typically own and manage several properties on their own. They are responsible for finding tenants, managing upkeep, and being on call in case of emergencies. These properties offer the potential for steady income through tenants’ monthly rent payments. Short-term rentals, such as properties on Airbnb or Vrbo, have some of the greatest potential to generate high returns. However, they also come with a significant amount of risk, and you will be at the mercy of the market because tenants are not signed into longterm leases. Maintenance for short-term rentals is also much
more intensive, and you will have to clean it after each stay, which could be every couple of days. With both longterm and short-term rental properties, you can choose to hire a property manager if you do not want to get your hands dirty. However, you will still need to manage the property manager to ensure things are running smoothly. REITs You should consider real estate investment trusts or REITs if you want to add real estate to your portfolio without actually buying property. REITs are companies that own commercial real estate such as office buildings, retail spaces, hotels, and apartments. These investments tend to pay high dividends, making them a popular option for retirement funds. By keeping REITs in a non-taxable individual retirement
account, you can automatically reinvest those dividends to grow your investment further. The type of REIT you invest in will determine your level of risk. Although some REITs are publicly traded on an exchange, others are not. Because non-traded REITs aren’t as quickly sold and can be harder to value, new investors should generally stick to publicly-traded REITs. REITs also have minimum buy-in prices. Online Platforms Various online platforms and apps make it easy to get started in real estate investing. If you don’t have the cash flow to buy a physical property and are wondering how to start investing in real estate with little money, there’s an app for that - actually, there are several. Real estate crowdfunding
apps such as Fundrise and RealtyMogul have low buy-in requirements, with some as low as $500. They achieve these low buy-in rates by offering investors ownership of larger commercial real estate projects. Maximize ROI There are a few rules that every investor should follow when purchasing real estate: The 1% Rule: One month’s rent should account for at least 1% of the home’s acquisition cost. The 50% Rule: Approximately 50% of your gross rent on a single-family home will be expenses. Expenses include taxes, insurance, repairs, HOA fees, capital expenditures, property management, etc. but do not include mortgages or home payments. Once you are in the purchasing process, don’t be afraid to negotiate or walk away.
STILLWATER HOME 3714 N. Airport Lane $130,000
Investors Welcome!! Nice home needs some TLC to finish the remodel. Great location, close to campus, Boomer Lake, and shopping. This home sits on a large fenced lot and has two decks in the back yard, one of which has been wired for a hot tub. HVAC unit and A coil replaced approximately 4 years ago. Hot water tank replaced in 12/2020. Seller is leaving the tile for the hall bath and paint. All appliances stay but are not warrantied. Home is being sold As is where is.
Visit www.perkinsfrontierrealty.com and check out
FRONTIER REALTY • 100% Financing available • Recently updated properties
405-547-2000
5
find a path that will best suit your goals. Whether you’re starting with $500 or $5 million, there are plenty of ways to diversify your portfolio with the property. House Hacking House hacking is a term for investors who buy a duplex, triplex, or fourplex and then live in one unit while renting out the others. Property owners can apply for a Federal Housing Authority (FHA) loan and purchase an investment property for just 3.5% down. These loans make buying an investment property much easier for first-time buyers because they require so little money. They also eliminate rent or mortgage payments because tenants in the additional units ultimately pay for your housing via rent payments. House-Flipping There are many reasons why firsttime and seasoned buyers alike might invest in a fixer-upper. These properties are usually outdated at best (and nearly dilapidated at worst) and offer investors access to homes in desirable areas at much lower prices. House-flippers take on the renovations for the fixer-upper and then sell the house for a profit and in this market, they’re likely to sell the house quickly. And if you’re handy and can tackle reno-
Stillwater News Press • Thursday, June 30, 2022
There are several reasons why investing in real estate is a wise financial decision. For starters, real estate tends to appreciate over time. It also can provide stable monthly income, offers incredible tax advantages, and acts as a hedge against stock market volatility. However, investing in property can get pricey, and the capital you earn won’t be liquid. Moreover, you might be required to personally guarantee large quantities of debt and likely not see returns for a long time. Although it can take years for property investments to compound, your portfolio will begin to generate significant cash flow once they do. Any profits you make can be reinvested, and then you will see your wealth start to snowball. Ways to Invest There are two primary ways people invest in real estate: active and passive investments. Active investments require a hands-on approach to real estate and will require continuous work to generate returns. Either by acting as a landlord or hiring a property manager, you would be involved in the dayto-day maintenance and upkeep of the property. On the other hand,
passive investments only require you to provide capital. This is a good option if you do not want to get your hands dirty and would like the flexibility of more liquidity than active investments. But note that passive investments usually offer lower returns. Understand Market Conditions Whether you are actively or passively investing, make sure you understand the market’s state before diving in. For instance, we are in a seller’s market, and buyer demand is high - meaning it’s an excellent time for homeowners to sell and reap the returns of their residential property investments. Those who sell can then reinvest the profits into their next home or perhaps into an investment property or some REITs. If you decide to sell your home and invest, using a real estate agent will be your most incredible tool. Real estate agents charge commission rates of around 3%. In exchange for their time and services, you receive their expertise, a deep understanding of their locality, and a network of potential buyers. Types of Investments Real estate investing for beginners can be overwhelming, so understanding the different investment options can help you
Sell your house in a seller’s market By Ben Mizes
6
Stillwater News Press • Thursday, June 30, 2022
Wealth of Geeks
Historically low-interest rates, high buyer demand, and a low inventory of homes have converged to form a strong seller’s market. According to a 2021 analysis of home buyer demand by Clever Real Estate, the percentage of houses on the market for less than two weeks was consistently higher than the numbers in 2019. Moreover, a study from the National Association of Realtors revealed that the median existing-home price for all housing types in July was up 8.5% from July 2019. Experts warn there may be a housing market crash on the horizon. If you are a homeowner looking to take advantage of the current market, here’s a guide on how to sell your home and turn the highest profit. Step 1: Find a Real Estate Agent If you are already a home-selling pro who knows how to put your house on the market, then you might forego an agent and use a local MLS company to list your home for a flat fee. However, if you’re like most home sellers and aren’t a real estate professional, then using an agent is highly recommended.
A good local real estate agent helps clients navigate selling a house and deals with the details such as listing the home on the MLS, marketing the property, and negotiating closing costs for the seller. Traditionally, agent commission rates range between 5-6% of the final sale price, split between the buyer’s and seller’s agents. If you’re looking to save some money, though, you may be able to negotiate with your agent for a lower rate. Sellers looking to reduce their costs can also work with a discount real estate broker and pay a flat fee for their services instead of a percentage-based commission. For example, clever Real Estate offers a full-service sales experience for a flat fee of $3,000 or 1%, if your home sells for more than $350,000. These brokers negotiate on the seller’s behalf for better rates, and agents benefit because what they sacrifice in commission, they make up for in volume. Step 2: Prep the Property Once you have chosen the right agent, next, you’ll want to make sure your house is in the best shape possible. Buying a home is an emotional process, especially in a seller’s market
when buyers have to make a split-second decision to beat the competition. That’s why the first impression of the house could make or break the sale. If there are leaky faucets, chipped paint, or cracked tiles, buyers may pass on making an offer to fear what other unseen problems plague the property. Although one of the benefits of a seller’s market is that buyers are more willing to overlook cosmetic or structural flaws, it is still beneficial to renovate and repair minor defects to get the highest bids. Some relatively lowcost updates with high ROI include installing new windows, repainting the interior and exterior walls, and updating the landscaping. Staging your home is also critical if you want to attract high-quality offers quickly. According to the National Association of Realtors’ 2019 Profile of Home Staging, 83% of buyers’ agents said home staging made it easier for buyers to visualize the property as their future home. When staging, focus on the rooms that buyers interact with the most, such as the living room, kitchen, and master bedroom. A staged home also makes for better photographs, and better
photos make for faster sales. In fact, professional photography has been shown to sell homes up to 32% faster than homes with low-quality images. Step 3: Put It on the Market Besides selling your home, this next step is the most exciting - listing the property for sale. This is where those professional photos you took in Step 2 will come in handy. There are a few strategies you can use when listing a property in a seller’s market. If your end goal is to get as many offers as possible, then listing your property below fair market value could be a good approach. If you don’t mind waiting a bit longer for the right buyer and live in an area with low inventory, you can list your home at or above fair market value. This will also help ensure you only receive quality offers. Sellers can gauge whether their listing price is competitive by comparing home values in their area over time and the asking price versus the selling price of similar homes in their neighborhood. Step 4: Learn How to Negotiate There are several tactics that buyers use to get a better deal on a home. For instance, some buyers ask for seller concessions, which can entail paying a
portion of the buyer’s closing costs, offering credits for repairs, or purchasing a home warranty policy for the buyer. These concessions are usually capped at 6% and are more common in a buyer’s market. However, in a seller’s market, the homeowner has more leverage in the negotiation process especially if it’s a hot property with multiple offers. When the tables are turned, the seller may ask the buyer to cover certain costs. You should know some fees and figures before negotiating with buyers, including average closing costs for sellers, cost of renovations and repairs, and unpaid interest on your current mortgage. Step 5: Choose the Best Offer In a seller’s market, it’s not uncom-
mon to get multiple offers on a property. If you do find that you’ve started a bidding war, don’t get overwhelmed. In fact, you should get excited! To choose the best offer, there are a few key things sellers can focus on, such as: • Whether the offer is all cash • Type of financing proposed by the buyer • Size of the down payment • Amount of earnest money deposit • Any unusual requests or allowances the buyer makes The most important thing to remember when choosing an offer is to keep emotions out of the equation. Treat the sale like a business transaction, and don’t be afraid to walk away from offers that don’t suit your goals.
Step 6: Close Once you’ve chosen the best offer, it’s time to close the deal and officially sell your home; but don’t be surprised by the closing costs. Closing costs for sellers represent many fees that range between 6-10% of the home’s final sale price. But, you might be wondering, what is included in closing costs for sellers? These fees consist of: • Real estate agent’s commission • Attorney fees • Title insurance fees • Loan payoff costs • Transfer and property taxes Knowing how to calculate closing costs for sellers upfront will make the closing process much smoother and easier. Take moving fees into account as well.
99 $1en4Mattress
Que
Family Business Since 1951
HYBRID MATTRESS Optimal Balance of Pressure Point Relief and Support
224 N Main • Stillwater, OK 405-372-1665 • McColloms.com Hours: Monday-Friday 8a-5:30p & Saturday 10a-5p
WOMEN’S CHOICE AWARD 9 OUT OF 10 CUSTOMER RECOMMENDED MATTRESS
www.stwnewspress.com
News Press Stillwater
Stillwater News Press • Thursday, June 30, 2022
Find your next home with ease in Real Estate Weekly in print every Thursday, or online at
stwnewspress.com
7
Yost Rd.
To Cimarron Turnpike
McMurtry Rd.
Chateau Ct.
Topaz Ave.
Ct. yon Can Amethyst Ave.
Chateau Dr.
Duncan
Nancy Lee Dr.
Dr.
rie
mC t.
Perkins Rd.
Knoblock St.
Teal St.
Bluestone St.
Jardot Rd. Marine Rd. Burdick St. Manning St. Briarwood St.
Walnut St. 22nd Av.
Payne St.
16th Av.
t. is S Lew
Lowry St.
Lowry St. 37th Av.
32nd Av.
35th Av. 36th Av.
37th Av.
1
44th Av.
Hunters Cr.
Dr. Deerfield
Wild
Vista Ln.
Turkey Pass
Vista Ct.
Red Rose Dr.
Cottontail Ln.
Jardot Rd.
Perkins Rd.
Husband St.
Western Rd.
Sangre Rd.
Dr.
Timberline Dr.
Washington St.
Fountain View Ct.
44th Av.
177
Katy
Hightower St.
S. Westchester St.
Henderson St.
Dr.
Mockingbird Ln. Collins Ct. Colby Lance
Villa Dr.
Drury Ln.
4th Av.
Eastgate St.
Crestwood Cr.
ower
Raintree Av.
3rd Av. 4th Av.
Peach Tree Av. Stonegate Av.
19th Av.
34th Av.
Fern St.
Main St.
35th Av.
Av.
51
Lydia Ln.
Main St.
Knoblock St.
Cambridge Dr.
West St.
33rd Av.
3rd Av.
5th Av.
17th Av.
29th Av.
31st Av.
2nd Av. 4th Av.
Jardot Rd.
Ransom Dr.
Springfield St.
Dr.
26th Av.
30th Av.
Denver St. St.
Pinewood Cr.
Hight
Payne St.
Oakwood Dr.
9th Av.
177
32nd Av.
ak
Skyline St.
Young St.
Pos
Jardot Rd.
Blair St. Stallard St.
Hall St.
Leigh St.
Burdick St.
James Ct.
7th Av.
25th Av.
Mar Vista St. 28th Av.
Timbercrest Cr.
4th Av.
4th Av.
24th Av.
26th Av.
Timbercrest Dr.
tO
Wedgewood Dr.
Cottonwood Dr.
Crestwood Dr. Crestwood Ct.
19th Av.
22nd Av.
Denver Ct. Denver St.
Jardot Rd.
Wedgewood Ct. Wedgewood Dr.
Blair St. Payne St.
Eastern Av.
Payne St.
Manning St.
Grandview St.
Su Pl.
ott
Aetna St.
Chester St. Fern St.
17th Av. 18th Av.
Alc
Pennsylvania St.
Lowry St. Lowry St.
16th Av.
Skyline Ln.
Virginia Av.
3rd Av.
Hartford St.
15th Av.
Cedar Ct.
12th Av.
13th Av. 13th Pl. 14th Av.
Hartford St.
Fern St.
Chester St.
12th Av.
Payne St.
Skyline St.
Canyon Rim Dr.
Grandview Ct. Grandview St.
Manning St.
Briarwood Dr. Manning St.
r.
kD
Su nn nn y yb Ct bro ro . ok o
Dryden St.
Benjamin St.
Burdick St.
Donaldson St.
Stallard St.
Hartford St.
Dryden St.
Berry Ct. Arrington Ct. Arrington Dr.
Hartford St. Dryden St. Redbud Ct.
Perkins Rd. Lewis St. Lewis St.
Husband St. Husband Pl.
Main St.
Duncan St.
West Bl.
Duck St.
West St.
Knoblock St.
Hester St.
Washington St.
Ramsey St.
11th Av.
Connell Ct. Connell Av.
Matthews Av.
21st Av.
Husband St.
Willis St.
Benjamin St.
Park Dr.
Star St.
Lewis St.
Hoke St. Husband St.
Masin St.
Duncan St.
West St.
Knoblock St.
Monroe St. Jefferson St.
Adams St.
Blakely St. Stanley St.
Pine St.
Gray St.
Orchard St.
McDonald St.
Walnut St.
Willis St.
Birchwood Ct. son Ct. Wedgewood
Whitney Ct. McElroy Rd.
Young St.
Park Dr.
Star Dr. Dr. Park Cr.
Pa rk Sta Dr. rD r.
Husband St. dD r. an sb
Hu
Crescent Dr. Glenwo od Dr.
Husband St.
Main St.
West St. Duck St.
Duncan St.
Hester St. Knoblock St.
West St. Duck St.
Washington St. Bellis St.
Hester St.
Hester St.
Ramsey St.
Lowry St.
Garfield St.
Walnut St. Melrose Dr. Pine St. Redwood St. Gray St. Cleveland St. Stanley St.
Keller Dr.
Ramsey St.
Ramsey St.
Ramsey St.
Lincoln St.
n St. Monroe St. Jefferson St.
Lincol
Monroe St.
Kerr St.
Clevelan
d St.
McFarland St. Kings St.
Kings St. Orchard St.
Willis St. Willis St.
Dr. Ridge Dr. ge
Ridge Dr. Rid
9th Av. 10th Av.
th
8th Av.
8th Av.
8th Av.
Western Rd. Silverdale
Summ erlin Ct. Bridlew ood
t Dr.
Augus
Oxford Dr.
Legendary Ln.
McFarland St. Kings St.
Western Rd.
Dr. Ridge
Wicklow St.
Devon St.
Devon St. Wicklow St. Ln.
Celia
August Dr.
Surrey Dr.
Dr . in Elv
Murray Ct.
Han
Karr Ct.
.
Black Oak Dr.
C
Cedar Ct.
Ct.
Redbud Dr.
7th
7th Av.
Rd
Eagle Summit
24th Av.
r.
rD eda
4th Av. 5th Av.
5th Av.
5th Av.
er om
Rocky Ridge
r. dge D Fox Le
3rd Av. 4th Av.
18
21st Av. 23rd Av.
mit
Maple Av.
7th Av.
12th Av.
11th Pl.
Sum
Maple Av.
Maple Av.
Brooke Av.
Sunrise Av.
McElroy Pl.
Elm Av.
Elmwood Cr.
Elm Av.
Connell Av.
Arrington Dr.
Virginia Av.
Virginia Av.
Krayler Ave.
Bo
tone Woods
n St.
Fountain View Dr.
7th Av.
. ock Ln
Country Club Rd.
Miller Av.
Lakeview Rd.
Will Rogers Dr. Cimarron Pl. Cimarron Dr. Leland Frontier Dr. Linda Av. Willham Dr. Ct. Boyles Ct. Willham Dr. Manning Ct.
Hanson
Hall of Fame Av. Mathews Av.
University Av.
5th Av.
Will Rogers Dr.
Dryden Cr.
Camden
51
Forest Trail Ct.
44th Av.
Turtle Pond Ct.
24th Av. August Dr. Cambridge Ct.
R Saddle
Isabell Pointe Dr.
22nd Av. 23rd Av.
Ct. . nery ock Ln R dle Sad
Ln.
Doral Ln.
Cantwell Av.
Scott Av.
Scott Av.
Emma Swim Ave.
Krayler Ave. Ridgecrest Av. Brooke Av. Moore Av. Franklin Ln. Knapp St.
177
a Ct.
Connell Av.
Connell Av.
Morrill Av.
31st Av.
Woodland Trails Dr.
Pheasant Eagle Creek Ave. Ridge Ave.
Wentz Ln. University Cr.
Av.
19th Av.
22nd Av.
29th Ct. 30th Av.
Inverness Ln. Deer Crossing Dr.
18th Ct.
Arbor Cr.
Quail 25th Av. Ridge Ct.
Shin
Park
Fox Ledge Ln.
Black Oak Dr.
t.
low
k Dr.
e aV
Lom
eS
Wil
nic
Willow Park Cr.
Fox Ledge Ct. 32nd Av.
Culpepper
St.
Bristol Rd. Av. 24th Av.
18th Av.
20th Av. 21st Ct. n.
L rde
Cantwell Av.
13th Av. 14th Av.
17th Av.
Pioneer St. Quail Ridge Dr. 28th C t.
Tanglewood Cr.
eld
Wehr Ln..
Knotts Av.
uit Chiq ood Ct. w Wild Brentwood Dr. n Dr. Peca Redbud Dr. Redbud Dr. Randolph Ct. Eskridge Av. Windrock Hartman Av. Cr. Tyler Av. Tyler Av. Highview Av. rgia
Pioneer St.
.
Shadow Creek Ln.
erfi
Black Oak Dr. Countryside Dr.
pp
Sawgrass St.
Ceda
Savannah
Fairfield Dr.
Fairfield Dr. Mansfield St. r Ridge Ct.
Hillside St.
Davinbrook Ln. Fiddlers Hill St. Berkshire Dr. Dublin Dr.
Shumard Ct. Oak St. W. Shumard Dr. Williamsfield
Westridge St. Hillside Ct.
Pioneer St.
Sangre Rd. Murphy St.
Squires St.
Charles Dr.
Rid lue Sprin B gdal Wo e Dr. odc re 11th Ct. st Dr. Edgemoor Dr.
Iba Dr.
Oak Trail Dr.
Co
Fox Ledge Dr.
Helena Hts.
10th Av.
l. ey P Surr 15th Av.
19th Av.
wbric
Aloysius Cr.
8th Av. 9th Av.
3rd Av.
4th Av. 5th Av. 5th Av.
Scott Av.
Knoblock St.
Garfield St. Cleveland St.
McFarland St.
McDonald St.
Willis St. Ridge Rd.
Country Club Rd. Windsor Dr. 2nd Ct. Kea ts D r.
Abbey Ln. Windsor Dr.
Oak Ridge Dr. Basin Ridge Dr. r. ge D
Greystone St.
Stoneridge Dr.
Westwood Ln.Westwood Dr.
Walking Trail
Dr.
ge Rd .
Vil la
18th Ct.
18th Av.
Lyndsey 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
Lou Ct
Loper Billin gslea Ln. Ct.
Briarcreek Dr.
St.
Crescent Dr.
Lincoln St. Ivy Ct.
Liberty Ct.
Lincoln St. Lincoln Brooke Lincoln St. St. Hollow Ct. Monroe St. Monroe Monroe St. St. Jefferson St.
d. sR ces l Ac tria dus rt In
Preston Liberty Cr. Cr.
Airp o
Valley Dr.
Mark Circle
Charolais Dr.
Warren Drive
Valley View Bradley Pl. Sangre Rd.
Keely Ct.
Range Rd. Crosswinds
rook St.
Stoneyb
k
Cree
lder
Bou
ge drid W oo
Ct.
Eu
Range Rd.
18th Av.
ry
Westbrook Ct. 15th Av.
Murphy Dr.
Austin Ct.
ko
Scissortail Dr.
Stillwater News Press • Thursday, June 30, 2022
Hic
Persimmo
8
lo Wil
Yello
Chapel Hill
ld
Dells Av.
Wiley St.
t. wC
Dr.
Charring Cross rC liff ntry Cove
land Ct . Ja Lind a
Summer Hill Ct. Germaine Ct.
Woodlake Dr. Deer Creek Ct.
Sunset Av. University Av.
7th Av.
Country Club Dr.
ood
Canterbury
Bria
Richfield Ct.
lew
Ashbury
Crestview Ct. Cowboy Ct. High
rfie
St. Tyler Av.
Farm Av. Olive Ln. Drummond Av. Athletic Av. Monticello Dr.
Arrowhead Pl.
Arrowhead Av.
5th Av.
Aggie Dr.
g Tan
Kenslow Dr.
ire
nsh Devo
Crestview Av.
Ga
Lauren Lane
Keller Dr. Lakeview Ct.
d Dr.
Scott Av.
Mercury Av.
Liberty Dr.
woo
ks Durham Ct. Ashford Ct.
nd
la od
Wo
Admiral Av. Sherwood Av.
4th Av.
Prescot Dr.
Ashton Ave.
Oa
VillasCt.
11th Av.
8th Av.
. Club Dr . Country Club Ct Country 14th Av. Woodland Ct. Oakfield Ct. 16th Av. Dr.
Fairway Dr.
ointe en P Gard ill ng H Spri Deer Run Ct.
Frontage Road 7th Av.
Dr.
en
d Hid
Cr.
51
Ridge
sa
Me
5th Av.
Oak
Pecan Lake Av. Trenton Ct. Pecan Trail Ct.
5th Pl.
10th Av.
coln
Lin
Osage
t.
dC
oo
nw
Gle
Dr.
Wild
Pecan Hill St.
Oakdale
9th Av.
r.
d oo
nw
Gle
Geo
Franklin Ln.
Dr. nett Graham Av. Ben Will Rogers Dr. Eskridge Av. Eskridge Av.
Eskridge Pl.
mD
lha
Wil
Miller Av.
Virgina Av. 2nd Av.
8th Av.
Rd.
Tyler Av.
Hall of Fame Av.
1st Av.
7th Av. 8th Av. 8th Ct. 9th Ct. Trenton Av.
mer
McElroy Rd.
Walnut St.
Tyler Av.
Farm Av.
3rd Av.
Boo
Knapp
Reese Landing
4th Av.
Brooke Jefferson St.
Brooke Moore Franklin
Oak Crest Rd.
r.
rst D
ehu
Thomas Av.
Swim Av.
oke r. Brollow D Ho
Hereford Dobi Ln.
Eastland Dr. Marcus Dr.
Harned Av.
Mohawk Av.
Lak
Liberty Rd. Preston Av.
Lakeview Rd.
Eskridge Av.
Windsor Cr.
Boomer Lake
Osage Dr.
Dr.
Vena Ln.
3rd Pl.
Parkway Dr.
Lakeridge Av.
Rutledge Dr.
Windmill Ln.
Hillcrest Av.
Harned Av. Madison Ct.
Thomas Av. Frances Av.
Airport Rd.
Newman Av.
. Dr
t.
te S
d Win
Dr.
Tobacco Rd.
Sta
r.
Av.
Preston Ln.
State Ln.
Lisa Ct. Lori Ct.
lD mil
Liberty
ore
w illo W
Harned Av.
177 Airport Rd.
Lake Sh
Newman Av. Hillcrest Av. Brown Av.
Memory Ln. Country Ln.
Cheyenne Av. Arapaho Av.
Park
Ramsey St.
Airport Ln.
Monroe St.
W rig ht
Dr .
Land Run Dr.
Hartwood Av.
age
Wil lia
Pa rk Gr vie ee w C nv r. ale Cr Da . vis Ct. Ma
Ute Av. Ranch Av. Cherokee Av.
Os
Richmond Rd.
ers
Rog
Washington St.
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 Cla Brook sse nC t. Rogers Dr.
Golf Dr.
Falls Dr.
RE/MAX Signature 1. 3604 S. Fountain View Drive, 11:30 a.m.- 1:30 p.m. Friday. ... Heath & Ashley
Lynn Ln.
North
Evergreen
Stonecrest Ct.
Hartford
Richmond Hill Rd.
Washington St. Garfield St.
Husband Pl. Northgate Dr.
Stonecrest Ave.
Benjamin
Richmond Rd.
Park Pl. Tower Park Dr.
Richmond Hill Ct.
nd St. Husba
Hunters Ridge
• All Open Houses are Sunday unless otherwise indicated.
Quartz Dr.
Chateau Pl. Peaceable Acres Rd.
Hartford St. Dryden St. Benjamin St. Burdick St. Burdick St. Berry St. Arrington St. Marshall St. Doty St. Blair St. Grandview St.
Week of Sunday, July 3, 2022
Lakeview Rd.
Burris Rd.
Burris Rd. 177
• Open Houses may be canceled in the case of inclement weather. If you have questions, please call the hosting REALTOR®.
Jardot Rd.
OPEN HOUSEMap
Yost Rd.
Perkins Rd.
Yost Rd.