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A NEW Park in Moore, OK–Central Park

The new Aquatic center layout
The new Aquatic center layout
The new Recreational center
The new Recreational center

Central Park is coming to Moore, OK. The park sits on the corner of 4th and Broadway near the railroad tracks and runs south along Broadway. The park is 51 acres. It will house a 53,000 sqft recreational center and a 45,000 sqft aquatic center. In addition, there is a large amphitheater, a 2 mile long multipurpose trail, a playground (handicap accessible), and a farmers market. There will be approximately 350 parking spaces.

This is a wonderful addition to the Moore landscape. It will provide the citizens of Moore as well as those from surrounding areas with a wonderful area to enjoy time with their families or by themselves. Moore has not had a pool in their town for several years, since the demolition of the pool at the 5th street Park.   This new aquatics center replaces the old pool with a state of the art water park like pool. There is a lot of excitement regarding the pool that will be open summer of 2016.

The city is providing a lot of services at this new park. There will be fees for the use of the recreational center as well as the aquatics center. The residences of Moore will receive a discounted rate on those fees about 20%.  A Moore water bill will be required as proof of residency. The city will be selling day passes, season passes and annual passes. They will also have a 15 day pass that you can use as you want. So you can use it for 15 days in a row or over the season. They will have discounts for active duty military, families, and seniors. The city is currently selling annual passes. Stewart at the parks department told me today that they are giving a 13 month pass for the price of a 12 month pass if you purchase now, prior to the park opening.

Below are some of the features of the recreational and aquatic center:

The recreational center will contain the following:

2 Full Basketball courts

Workout room with 70 pieces of exercise equipment

2 group exercise rooms

Indoor walking trail

Meeting room with audio and video as well as a kitchen

Activity Room

Child Watch

Concession area

Locker rooms and showers

They are planning on having exercise classes like Yoga, Zumba, TRX, and Kick Boxing.

The aquatics center will contain the following:

2 Large slides

A diving pool with 2 diving boards (1 meter and 3 meter high)

A rock wall

A lap pool

A kid pool (12 inches deep) with 30 spray toys and a slide

Locker Room and Showers

The aquatics center with have swim lessons as well as allow pool parties.

I am personally very excited to see this project come to fruition. I think it will provide the citizens of Moore with a great central meeting area for picnics and other entertainment. This is a very progressive step which will make our community shine. While we have several other great parks in the community, this park is in the heart of Moore and will become the central focal point for the community.

For more information on park passes, pricing, and other information go to www.cityofmoore/central park.com

If you are looking to buy or sell, I would love to help you. I have been a member of the Moore community for over 20 years. I have watched this town grow and change over the years and am excited to see this new addition. Please feel free to contact me at 405-213-2992 or visit my website www.sandiwalker.com

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Buying a Home

buying-a-house

Buying a home is often an emotional decision. The buyer enters the home and loves the smell of cookies, the staging, and the clean, move-in ready home. I have had buyers fall in love with a home because it had a 5 burner gas stove or a window seat in the master bedroom. I have also had buyers not buy a home because the bedroom was painted bright purple with pink poke a dots.

You are spending thousands of dollars on a large long term asset that will hopefully increase in value over time. With that being said, I always advise my clients to stand on the front porch and look out as much as they look in. All the stuff on the inside—paint, flooring, appliances, etc., they can change.   They cannot however force the neighbor to paint their purple house (unless they are part of an HOA) or get rid of the 6 cars that are always parked across the street. It pays to take into consideration things that are more important like drainage, the way the house sits on the land, noise, power lines, traffic, and the condition of the neighborhood—is it improving or degrading.

In addition, a buyer should attempt to learn all they can about the house. Have there been insurance claims on the property, and if so has the work been completed? Has there been any work done on the house that required permits, if so were the permits properly pulled? How old is the roof, heat and air, and hot water tank?

A buyer should always think about resellability. So many times I have had buyers tell me that they are purchasing their final home and they do not intend to move again only to call me back 5 or 6 years later and say they are ready to sell. Things change, people change, circumstances change. You may need to resell the home so look to make sure the house is not so unique or unusual that others will not fall in love with it also.

As a seasoned agent, I tend to point out things that a buyer may over look. The buyer may decide that they love the house on the main street because they love to sit and watch the traffic in the morning. Or they may not care that the property requires flood insurance because the house backs up to the pond and has an amazing view. My job is to educate my buyers as best as possible about what they are buying and then they can make the best decision for themselves.

If you are needing information regarding real estate, please call me at 405-213-2992 or visit my website at http://www.sandiwalker.com

Buying a home is often an emotional decision. The buyer enters the home and loves the smell of cookies, the staging, and the clean, move-in ready home. I have had buyers fall in love with a home because it had a 5 burner gas stove or a window seat in the master bedroom. I have also had buyers not buy a home because the bedroom was painted bright purple with pink poke a dots.

You are spending thousands of dollars on a large long term asset that will hopefully increase in value over time. With that being said, I always advise my clients to stand on the front porch and look out as much as they look in. All the stuff on the inside—paint, flooring, appliances, etc., they can change.   They cannot however force the neighbor to paint their purple house (unless they are part of an HOA) or get rid of the 6 cars that are always parked across the street. It pays to take into consideration things that are more important like drainage, the way the house sits on the land, noise, power lines, traffic, and the condition of the neighborhood—is it improving or degrading.

In addition, a buyer should attempt to learn all they can about the house. Have there been insurance claims on the property, and if so has the work been completed? Has there been any work done on the house that required permits, if so were the permits properly pulled? How old is the roof, heat and air, and hot water tank?

A buyer should always think about resellability. So many times I have had buyers tell me that they are purchasing their final home and they do not intend to move again only to call me back 5 or 6 years later and say they are ready to sell. Things change, people change, circumstances change. You may need to resell the home so look to make sure the house is not so unique or unusual that others will not fall in love with it also.

As a seasoned agent, I tend to point out things that a buyer may over look. The buyer may decide that they love the house on the main street because they love to sit and watch the traffic in the morning. Or they may not care that the property requires flood insurance because the house backs up to the pond and has an amazing view. My job is to educate my buyers as best as possible about what they are buying and then they can make the best decision for themselves.

If you are needing information regarding real estate, please call me at 405-213-2992 or visit my website at http://www.sandiwalker.com

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Deferred Student debt and home loans

New changes with FHA loans       student debt

A person’s debt to income ratio is the amount of debt a person (in monthly payments) has in relation to their monthly income. A lender will determine how much a person may borrow based on their debt to income ratios. Typically lenders like to see no more than a 45% debt to income ratio although they may be able to approve a loan with slightly higher ratios based on credit scores and loan product.

Buyers who have student loan debt have been able to purchase a home and not count anything towards their debt to income ratios if the student loan is deferred. As of September 14, 2015, this rule has changed for buyers using a FHA loan. They will now need to count a payment for the deferred loan amount.

Since there is no payment made on a deferred student loan, FHA has come up with their own formula for a payment. That is to take 2% of the total amount due on the loan and make that the monthly loan payment amount. This means that a borrower with a student loan debt of $20,000 would be assessed $400 a month in debt. A person with $100,000 in student loan debt would be assessed $2000 a month in debt. This amount would be added to their other debts in equating their debt to income ratios.

As you see this could cause a borrower who would have qualified under the old rules may no longer qualify under the new guidelines.

So what is a person to do? If the borrower were to stop the deferment and request a monthly payment amount, then the actual payment amount could be used instead of the 2% rule.   The student loan authority does have payment plans based on current income. Under IBR (Income Based Repayment), your monthly payment amount will be less than the amount you would be required to pay under a 10-year standard repayment plan, and may be less than other repayment plans. Although lower monthly payments may be of great benefit to a borrower, these lower payments may result in a longer repayment period and additional interest. http://bit.ly/1F0PGzD

If you have questions regarding real estate, I would love to help you. Please call me at 405-213-2992 or visit my website at http://www.sandiwalker.com

Real Estate

I know you love that painting, but will the buyer?

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Staging a house for sale can make a huge difference in how  quickly a home gets sold.

While the homeowner may love certain pieces of art or sports trophies as in the pictures seen here, it could distract a buyer who may not be able to imagine their furniture and décor.   The current  art or furnishings can be obtrusive to a new buyer who does not share your same taste. The same could be said for sports trophies. While I understand that the seller may be excited to show off the buck or marlin, it could turn some buyers off.

I remember the day I showed a certain house. We walked upstairs to the bonus room and turned on a light. I thought the light switch went to the ceiling fan/light.  It actually turned on a staging light onto a large full size taxidermied elk  behind a pane of glass. My clients were not impressed and wanted nothing more to do with the house,  even though it was a wonderful home with a nice layout.  The elk would be leaving with the current owners but the image was burned into the buyers minds and they just couldn’t see past it.

I typically tell sellers that less is more. They should declutter as much as possible, remove personal photographs and any art that could be considered offensive to another person. Let’s face it, as a seller you are moving and are going to need to box your stuff up eventually anyways, so you might as well go ahead and do it now.

After you remove paintings or family photos, you may need to touch up the wall from where the wall hangers or nails were.  A fresh coat of paint will clean the room and make it more inviting.  An inviting home is one that sell’s fast and lets you move on to your next home.

If you have real estate questions or are looking to buy or sell a home, please contact me at 405-213-2992 or visit my website.  http://www.sandiwalker.net