While I am talking about financing a home.....

Are you aware that there is still 100% financing available for home purcases in Northeast Oklahoma? The USDA Rural Developement loan is 100 percent plus you can borrow closing costs. Veterans can still get VA mortgages at 100 percent. One bank in Tulsa is offering 103 percent to also cover closing cost. Interest rates are hovering around 6%. If you are a Native America, you can get a grant from the Cherokee Nation for $15,000 to pay for your down payment and closing costs. For more information go to my website www.mikethelandman.com and click on the get pre-qualified button.

Getting organized again.

I have spent this year working. The Landman team is on track to sell $10 million dollars worth of residential and land real estate in Northeast Oklahoma in 2008. No gloom and doom for us. We have sold homes in town and in the Country in Adair, Pryor, Locust Grove, Inola, Claremore, Foyil, Chelsea, Oologah, Owasso, Tulsa, Broken Arrow, Coweta and Catoosa. If your property did not sell, I believe that marketing is probably the reason. I have a special marketing plan that I customize for each property that I list. Our buyers have had no problem obtaining financing because my prefered lenders do not offer "stupid loans" If you think differently please let me know. Drop me an e-mail at mwashburn@cbtulsa.com.

Where have I been?

Hello folks I have been away from the blog. Have no fear. I am back. Did you know that I have moved my license to the South Yale office of Coldwell Banker Select, Land and Ranch Division. More to follow.

Here are a couple of good websites

www.whyrealtorswork.com

Also to www.youtube.com and search for "Good thing you're in Tulsa" to see the video commercial.

Home values are up in Oklahoma!
The Oklahoma Association of Realtors is kicking off a brand new public awareness campaign designed to change public opinion about the Oklahoma housing market. The more people understand that Oklahoma is not facing the housing crisis seen in the rest of the country the more they will use our member Realtors to buy or sell a house.


Television ads will run in much of the state and newspaper ads will suppliment in many areas but OAR is counting on local Realtors to spread the word. Talk to your clients, your associates, your friends and even the person in line at the grocery store. Wouldn't it be great if every adult in Oklahoma knew what we know, It's a good thing You're in Oklahoma!

Did you know:

Home values in Oklahoma rose 5.6 percent last year?
The number of homes sold in Oklahoma in 2007 was the third highest number on record?
The subprime mortgage forclosure rate in Oklahoma last year was well below the national average?

Call me Mike Washburn The Land Man, 1-918-948-3425

The Landman Team expands

The Landman Team is expanding to allow for better service. In February Debra G. Washburn, Mike's wife, has come back in to the real estate business and will be working with The Landman Team as one of our buyer's representatives. Also, April New, Shaynes wife, is in licensing school and will be joining the team. In addition, April will be our Administrative Manager for the team. If you have any questions, call our office at 1-918-343-3822.

Tulsa market February 2008

December Home Sales
GTAR Reports Area Home Sales Following
Three-Year Seasonal Trends
TULSA, OK (January 31, 2008) – The Greater Tulsa Association of REALTORS® (GTAR) reports that area home sales over the past three years have followed seasonal trends. "Home sales tend to follow patterns year after year," said Doug Horton, Northeastern Oklahoma Real Estate Services (NORES) president. "As a result, the most accurate comparison is to look back at the same month in a different year for an idea of how the market will look at any given time as opposed to referencing the previous month." Over the past three years, the months of April and May have statistically had the highest number of contracts written (see graph). Homes listed in the Tulsa Metropolitan Statistical Area (MSA) in December 2007 averaged 62 days on the market until a contract was signed. According to Horton, Tulsa area home sales for 2008 will continue to reflect the previous years’ trend despite a national housing slump. "The most recent rate cut by the Federal Reserve lowered interest rates back to near all-time lows," Horton said. "The 30-year conventional fixed mortgage rate was around 5.625 percent, which means now is a great time to list and sell your home." Prospective buyers are now able to search for homes on GTAR’s newly redesigned Web site, http://www.tulsarealtors.com/, which provides a listing of all homes available in the Tulsa Multiple ListingSystem (MLS).In addition to the home search option, the GTAR Web site also offers a feature to search for upcoming open houses. Information on the site includes the property’s address, school district,price, square footage, year built, property photos, virtual tours, and the ability to use Google Maps to locatethe property. Satellite imagery also is provided where available. Below is the press release for GTAR’s December home sales, which was sent to the media. We are including it in the newsletter to help our members be informed about what is happening in our local real estate market.