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Oklahoma City, OK Real Estate News

By Joe Pryor, REALTOR® - Oklahoma Investment Properties
(The Virtual Real Estate Team)
 I guess I should also say why buy Oklahoma City investment real estate from me? I have been selling investment real state for the last 26 years and exclusively for almost 12 years. It is my passion, my obsession, and my life. The idea that my Oklahoma City real estate career would revolve around creating wealth for others is a cause worth fighting for, learning for, and specializing in. Oklahoma City has been one of those under the radar cities that has grown to 1.4 million people in the metro area. it is also a city that has diversified its economy since the energy meltdown of 1982 to the extent that even though oil prices have dropped a bunch, unemployment has remained the same because of high salaried jobs constantly increasing in our market. Also rentals have become stronger and re...
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By Valerie McEvoy, Oklahoma Real Estate and Homes
(Preferred Referrals LLC)
Just when I schedule a follow up appointment to tour some homes, I bring my client by this one and we take TOO LONG because it's amazing inside. The price is a show stopper!OKC REAL ESTATE UPDATE! Best Remodel I've Seen This Month in the OKC real estate market!   See What My Clients Have to Say About Me! Search All Homes For Sale Homes for Rent New Homes on the Market TODAY! Featured Properties What is your home worth? Homes Close to Where You Work Find Me On Facebook! Valerie McEvoy Realtor RE/MAX Preferred Properties 405-414-5022 valeriemcevoy@remax.net www.ListedByValerie.com
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By Valerie McEvoy, Oklahoma Real Estate and Homes
(Preferred Referrals LLC)
Upcoming Oklahoma City FUN things to do! Events in our wonderful Oklahoma City area! Here's some great information that I would like to share about fun and interesting events in our Oklahoma City area. As a professional REALTOR®, I feel especially compelled to share the top tips for fun that I see in our local market. Being a REALTOR® is more than just showing, selling and helping clients buy homes. It's an educational responsibility to be connected to the local economy and community and find out the best things to do if you are planning on making OKC your home, or you have been living here for some time and just want to know what the heck is going on! So are you ready to learn about all the great events I have discovered this month?     Here's my latest updates on Oklahoma City fun th...
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By Tom and Bev Herring, Tulsa Oklahoma Real Estate
(Coldwell Banker - Rader Group)
Oklahoma City Home & Garden Show 34th Annual EventThe 34th Annual Oklahoma City & Garden Show is back once again at the Oklahoma State Fair Park. This is the largest three-day home and garden show in Oklahoma City that will feature over 500 experts and exhibitions offering new products, ideas, designs and more for homeowners to make the most of their home remodeling and landscaping projects.There will be several areas of the event to enjoy. Therefore, we will go over some of the most popular areas so you can get the most from the event when you visit. So, bring your family and friends out to see everything this 34th annual Oklahoma City Home & Garden Show has to offer for your home projects.Special notes: Hero day is Sunday, so all active and retired military, firefighters, and police o...
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By Valerie McEvoy, Oklahoma Real Estate and Homes
(Preferred Referrals LLC)
Valerie's Best Buys for the Week Ending January 10th, 2015...   Valerie's Best Buys for the Week Ending January 10, 2016.... Every day I comb the Multiple Listing Service and bank inventories looking for best available deals for my clients. This is not some computer generated list. I have personally gone and inspected the interior and exterior of each of these properties myself, reviewed the financials and comparable homes for sale and I have determined these to be the best buying opportunities in their category. If you would like additional information about any of these properties call/text me. I will be happy to answer your questions. Here are this week's best buys: Condo with Updates AND Home Warranty Included A Great Deal on a Home for Golf and It Includes a Pool Really Nice and A...
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By Joe Pryor, REALTOR® - Oklahoma Investment Properties
(The Virtual Real Estate Team)
After 9 tough years of rebuilding ur economy short term rates finally went up in December 2015. The Fed signaled that rates would probably continue to go up so what is the probability of that and does it directly relate to long term mortgage rates? If you are wanting to buy an Oklahoma City home for sale, long term rates are fine. If you have an adjustable rate that resets every year that will increase. Long term rates can even go down when the Fed raises rates and mortgage backed securities have different reasons for going up or down. Inflation is always a big factor in long term rates but with energy down that is not a big deal right now. Also when there are worldwide economic problems like we see in China right now the flight to quality is in US Treasuries and US mortgage backed secu...
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By Valerie McEvoy, Oklahoma Real Estate and Homes
(Preferred Referrals LLC)
Fun Things to Do in OKC and Great Places to Eat!   Okay my Active Rain Friends...here's what I have on tap to do and explore in January 2016 for some fun and relaxation here in Oklahoma City, OK! I learn SO MUCH when I take clients out for buyer's tours on homes for sale around here...if you ever get a chance to visit, drop by RE/MAX Preferred Properties in OKC and we can have some lunch at one of these special finds in the OKC fun and dining scene!   Oklahoma City Home and Garden Show: This is an amazing fun time here in OKC. Located at the State Fair Park, 333 Gordon Cooper Blvd, you’ll want to drop by January 15-17. Admission is a piddling $10! You can find many more details at www.oklahomacityhomeshow.com and I’ll see you there! Love Food? How about Cheese and Wine?: The best way t...
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By Joe Pryor, REALTOR® - Oklahoma Investment Properties
(The Virtual Real Estate Team)
If you are a full time W-2 employed person what you make is active income and is taxed accordingly. If you are also an investor in real estate like in Oklahoma City it is passive income since that is not your primary function, so how do we compare active to passive income? First let me say I am not a CPA or a tax lawyer, but I am an investor and I sell Oklahoma City real estate investments. First, on residential real estate you can depreciate the improvements but not the land over 27.5 years. For example, if the improvements were worth $150,000 then you can write off about $454 a month, so if you have positive cash flow of $450 a month then you are in a position to offset your taxes. Add to that improvements and repairs as additional write offs and your income can be 100% tax deferred. ...
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By Joe Pryor, REALTOR® - Oklahoma Investment Properties
(The Virtual Real Estate Team)
It was a very good year and hard to pick out the top ten but here are some memorable ones:10) Got to serve as Chairman of the NAR State Leadership Ideas Exchange Council. To be with dedicated leaders always makes you better.9) In my first full year as my own broker we recorded record profits this year. Its not just about how much you make, it is how much you keep.8) Became a home builder for the first time closing my first 4 homes. I will build 12 to 16 next year.7) I was elected NAR Region 9 Vice-President for 2016. Talk about being with 12 heavy hitters and on the NAR Executive Committee. Can't wait to make a difference.6) Spent two weeks in Italy in September. My first trip and not my last. Pure Magic in so many places.5) Had my 6th anniversary of being declared cancer free. I am gra...
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By Joe Pryor, REALTOR® - Oklahoma Investment Properties
(The Virtual Real Estate Team)
http://virtualrealestateteam. Have you ever been so afraid to search online for Oklahoma City homes concerned about spam or a REALTOR® or entity sending you endless emails asking for your business? I know how I feel when people spam me and you deserve to be left along until you are ready. Most buyers start researching online very early in the process, maybe two years before they actually buy something. One of the best ways to find what is actually current in Oklahoma City real estate listings is to go to a REALTOR® website that has an IDX search, that's shorthand for a solution that is hooked into the local MLS listing service updated every 15 minutes. As one who has pursued this strategy for years, I previously had a set up where you either had to put in your contact info up front, or ...
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By Joe Pryor, REALTOR® - Oklahoma Investment Properties
(The Virtual Real Estate Team)
A lot of great promises can be made for you with real estate investment property and they usually have screaming headlines like It's a 10 Cap! Buying this investment home is a no brainer! If you snooze you lose! I have a better headline from Monty Python, Run Away!. Trust me, I can make an investment property look great on paper but paper has nothing to do with a renter occupying your rental home, that's reality staring you in the face. We have an answer for that and it is with already rented properties. We are building the first four of 12 single family homes in Mustang Oklahoma and we make you this guarantee, you don't close until it is rented. These 1406SF all brick homes will be priced at $130,000 and that is fully rent ready with fence, blinds, and garage door opener. The inside wi...
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By Joe Pryor, REALTOR® - Oklahoma Investment Properties
(The Virtual Real Estate Team)
2015 for me with investors in Oklahoma City real estate, new construction homes, and buyers and sellers putting their faith in The Virtual Real Estate team couldn't be more gratifying. We are so grateful for those all over this country as well as outside the country for their Oklahoma City real estate investing, and if the end of the year is any indication a bigger 2016 waits us. Our buyer and listing specialist Chris Morris had a great year thanks to you and he is also grateful. We are also proud of the work we have been able to do with multiple homebuilders in Oklahoma City who allowed us to list and sell their homes for sale. For all the buyers and sellers we again say thank you, we could not have had this success without you. We have ended this year with higher interest rates but th...
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By Joe Pryor, REALTOR® - Oklahoma Investment Properties
(The Virtual Real Estate Team)
I make no apologies here for being a loyal supporter of NAR, and I am grateful for being a aprt of leadership as a 2016 Regional Vice-President. This doesn't mean that I am an NAR syncopant, becasue I have no trouble expressing displeasure at some things that NAR does. I also know that at times the problem is not NAR, it is political forces within the industry that may not have our best interest at heart.But one area that NAR is outstanding is advocacy both nationally and locally. This is why my annual RPAC participation which has been $3000 a year is going to $5000 a year becasue this is where we get our best value by being a member. I won't take the time to tell you about what NAR RPAC funds and expertise has helped our state and maybe that comes later. Right now I want you to see wha...
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By Joe Pryor, REALTOR® - Oklahoma Investment Properties
(The Virtual Real Estate Team)
Breaking Real Estate News: In the Omnibus spending bill that was just signed into law by President Obama, The Mortgage Indebtedness Relief Act, MIRA, was reinstated retroactive to january 1st, 2015 and extended to the end of 2016. This is great news for those who need to do a short sale who are owner-occupants. After the housing bubble burst in 2008 all markets including Oklahoma City saw homeowners do short sales to avoid foreclosure. Oklahoma City was not affected by a bubble bursting but a recession does create hardship and we did quite a few short sales but we only did one in 2014 and none in 2015.Recently we have seen a dramatic drop in energy prices and Oklahoma is a commodity state with large amounts of oil and natural gas. When prices are down layoffs are inevitable and so on a ...
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By Valerie McEvoy, Oklahoma Real Estate and Homes
(Preferred Referrals LLC)
Things To Do OKC!My top picks for things to do in OKC in December 2015I love being able to use Active Rain for sharing information with other real estate professionals! It's also a great platform for sharing local community information for clients, home buyers and home sellers in OKC. I have many clients who are buying a home and moving into Oklahoma from out of state. That's why it's important to me as a REALTOR® to let new residents of my OKC area know the great things happening here!Helping Oklahoman's buy and sell real estate is a real passion for me and it's just plain fun! What I also enjoy is educating my clients and friends on the great things to do in OKC. Being involved with so many civic and community groups in Oklahoma City, I find it a joy to share the wonderful things that...
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By Joe Pryor, REALTOR® - Oklahoma Investment Properties
(The Virtual Real Estate Team)
It has been nine years now since we have seen the Fed raise rates. After 2008 our economy as we as well as the world economy was in free fall. In order to stimulate the economy and save the financial system the fed made money available at a 0% interest rate, so that capital would flow again to buy goods and services, get the tax base up and running although this was not in and of itself the answer to economic woes. Added to this was Quantitative Easing where the Fed essentially bought it’s own bonds up keeping rates low. So why would  the Fed after all this time raise the rates .25%? Very simply the economy is back on track, not perfect, but back. Not only have we gone through the greatest job creation in history, we have also seen wages start to go higher for the first time since the m...
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By Valerie McEvoy, Oklahoma Real Estate and Homes
(Preferred Referrals LLC)
Hungry? My Top Picks for Best OKC BBQ Joints in the OKC area!Whether you want it smoked, braised, grilled, rubbed and smothers with delicious sauce or dry as a bone, the best OKC BBQ is what you are used to eating most of your life. However, if you are new to the Oklahoma area, then I have some great insight and suggestions on some great BBQ restaurants that you might want to check out the next time you feel a need to indulge in BBQ nirvana. Van's Pig Stand in Norman, Oklahoma:If you drive up to this place in Norman, it looks like an old service gas station. That's because at one time in our history, it was. It's claim to fame is the smoky and spicy BBQ sauce! I also recommend the 'curly fries' as a side of choice when you order your meal here. You won't be disappointed! Iron Starr Urba...
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By Valerie McEvoy, Oklahoma Real Estate and Homes
(Preferred Referrals LLC)
Quail Creek OKC Homes SOLD or UNDER CONTRACT in the Last Week   Amazing week in real estate activity in Quail Creek Oklahoma City, OK! Here's the update from last week's real estate sales activity in this popular NW OKC neighborhood of Quail Creek. Quail Creek is close to Lake Hefner and provides easy access to all of Edmond and Oklahoma City with it's location close to Lake Hefner Parkway. You will find so much to enjoy when you decide to buy a home in Quail Creek here in Oklahoma City. The Quail Creek Golf and Country Club is available to residents of Quail Creek and you get a special membership deal by living in this Quail Creek community. Need information about real estate sales, pending sales and great deals that will be hitting the OKC market in Quail Creek? Contact me and learn ...
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By Valerie McEvoy, Oklahoma Real Estate and Homes
(Preferred Referrals LLC)
 Oklahoma Real Estate provided by Valerie McEvoy RE/MAX Preferred Properties in OKCEvery day I comb the Multiple Listing Service and bank inventories looking for best available deals for my clients.  This is not some computer generated list.  I have personally gone and inspected the interior and exterior of each of these Oklahoma real estate properties myself, reviewed the financials and comparable homes for sale and I have determined these to be the best buying opportunities in their category.   If you would like additional information about any of these properties call/text me.  I will happy to answer your questions.  Here are this week's best buys: A Golf Course Home, New Construction on Coffee Creek Golf Course Fantastic Condo Deal in Quail Springs Area NW OKC Single Family Home wit...
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By Joe Pryor, REALTOR® - Oklahoma Investment Properties
(The Virtual Real Estate Team)
 Research is the key ingredient for making the right buying and selling decision on Oklahoma City real estate. First, your agent needs to be doing research everyday and not just on houses for sale. They need to be reading about local and national trends, events, and especially on economics. As a real estate investment specialist research is daily and education is geared that way. As for the public, the world is available for free on Google. When I was in high school in the 1960's research was done at the library but now it is at your fingertips with this warning, all information is deemed reliable not not necessarily accurate. When you see a home listed as a foreclosure or for sale on a site like Zillow or RealtyTrac, it may not be real. When someone gives an opinion on the internet you...
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