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Get a free presentation on marketing your home Before signing a contract with any Realtor®, make sure you know EXACTLY how your home will be marketed. Find Out More > View All Offers >
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Find out more about Tulsa’s local real estate market Once per month we put together an article on “Tulsa’s Local Real Estate Market”. This article includes information about average days on market, average prices sold versus prices properties were listed for and analysis and trends of the market. We further break down this information by area, as well as by price range. A $100,000 home in one area will sell much quicker than in another area. What are the hottest selling areas? A $1,000,000 home will be on the market longer than a $100,000 home, but how much longer? Fill out the form and we will mail or e-mail you this month’s article. Check the appropriate box and we will e-mail it to you every month. 
Financing Your Home >Assuming a Mortgage
You may be able to assume the seller's mortgage liability when buying a house instead of having to apply for a new loan.
Assuming a loan could minimize your down payment or closing costs and get you a more advantageous interest rate. To know whether an assumption will work, find out the loan balance. If the balance is a small fraction of the purchase price, you will have to come up with a large down payment or get a second loan for the difference, unless the seller is willing to provide some of the financing. If the loan balance is high, the loan may have been made when interest rates were higher than they are today.
Most newer loans that are assumable have adjustable rates. If you are considering an assumption because of credit problems, you will need the lender's approval to make the transaction work.
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What is the largest city square in the world?
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Located in Beijing, China, Tianamen Square, called the "Gate of Heavenly Peace", covers 98 acres. |
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