Sherine Price, CRS, GRI, CHMS's Blog

May 2010 Housing Trends Newsletter by Scott and Sherine Price

Sherine Price, CRS, GRI, CHMS (Dove Realty) — Tue, 08 Jun 2010 23:00:24 -0700

Welcome to the most current Housing Trends eNewsletter. This eNewsletter is specially designed for you, with national and local housing information that you may find useful whether you’re in the market for a home, thinking about selling your home, or just interested in homeowner issues in general.

Please click on this link to view the MAY-2010 Newsletter Newsletter Housing Trends eNewsletter:
http://groovyokc.housingtrendsenewsletter.com?Newsletter_ID=248&Period_ID=185

The Housing Trends eNewsletter contains the latest information from the National Association of REALTORS®, the U.S. Census Bureau, Realtor.org reports and other sources.

It also includes press releases with charts and videos, key market indicators and real estate sales and price statistics, a video message by a nationally recognized economist, maps, mortgage rates and calculators, consumer articles, plus local neighborhood information and more.

If you are interested in determining the value of your home, click the “Home Evaluator” link for a free evaluation report:

http://groovyokc.housingtrendsenewsletter.com/dispContent.cfm?loadid=2&loadtype=0

Sound decisions can only be made with accurate and reliable information, and I am happy to be a trusted resource for you. Thank you for the opportunity to provide you with this monthly eNewsletter, and I look forward to answering any questions you may have and to the opportunity to be your REALTOR® in the future.

Sincerely yours,

Scott and Sherine Price

Metro First Realty

177 W. 15th Street

Edmond OK 73013

405-306-7770

Sherine@GroovyEdmond.com

Appliance Rebates & The Oklahoma Stimulus Plan

Sherine Price, CRS, GRI, CHMS (Dove Realty) — Mon, 10 May 2010 11:04:45 -0700

In the state of Oklahoma, from May 8th to June 30th, you can get a substantial rebate when you purchase energy star appliances to replace old appliances in your home. Homeowners and renters qualify! Here is a link with all of the details: http://www.okcommerce.gov/recovery/appliance-rebate-program/appliance-rebate-details-for-consumers

Take advantage of this great opportunity!

We've also got the information posted on my website at www.GroovyEdmond.com on the tax credits page.

Have a great day!

Scott and Sherine

Tax Credit Extension for Qualified Service Members; Tax Credits & Deductions for Homeowners

Sherine Price, CRS, GRI, CHMS (Dove Realty) — Sun, 02 May 2010 11:39:49 -0700

The $8,00 HomeBuyer Tax Credit has expired as of April 30th, 2010 for all of us except for certain members of the military, foreign service and intelligence community. Click Here for the Details

Remember:

There are other tax credits and deductions for homeowners such as the energy tax credits: Click Here for More Information

There are the deductions for mortgage interest, property taxes, mortgage insurance, & much more: Click Here for the Details

Regardless of the tax credit and deductions, homeownership continues to be one of the largest and best investments you can make in your lifetime; it is also a privilege that many people in other countries do not have the option to enjoy. Cherish and prosper from this wonderful freedom and privilege we have in America. It's truly a large part of the American Dream!

Groovy Weekend Events!

Sherine Price, CRS, GRI, CHMS (Dove Realty) — Fri, 30 Apr 2010 17:19:55 -0700

There are several groovy things to do in the area this weekend. Check out the Downtown Edmond Arts Festival http://www.visitedmondok.com/ or drive down to Norman for their Mayfair Arts Festival http://www.visitnorman.com/vn-all-events.php. We'll be there! We love the arts festivals and live music!

Saturday is Free Comic Book Day, so stop by your favorite comic book store and get your free comic books! Our favorite comic book store is All-Star Comics 6900 North May Avenue, Oklahoma City, OK 73116-3252(405) 842-7800?; stop by any time and tell Wyll and Rhonwen we said "Hi"!

Our neighborhood cookout is Saturday at 6 pm in Kimberly Crossing; that will be lots of fun for us Kimberly Crossing residents! See you all there!

Saturday night at 9:30 pm don't miss Zarate's Salsa Party where you can get free Salsa lessons and party to great music and drinks; we'll be there! http://www.zarateslatingrill.com/index.html

Diamond Rio is performing at the Riverwind Casino tonight in Norman. http://www.riverwind.com/Entertainment.aspx

On Saturday and Sunday, at the Great Salt Plains State Park, the Sierra Club is having a hiking and car camping event for families with younger children. Explore the migratory bird paradise and dig for selenite salt crystals. Contact: Jennifer Booker 405-823-1266 or JenniferBooker@mac.com or http://wwww.Oklahoma.SierraClub.org

On Saturday we have the Oklahoma Autism Piece Walk and 5k at 8:30 am in Bricktown at the Redhawks field. For more info call 405-315-6337 or email Crystal@OKAutism-OFCA.com or go to www.PieceWalk.com

Sunday is World Laughter Day! On Saturday they are having a pre-party 1:30 - 3:30 pm, free, at Roxie's Funky Art Boutique at the Bizarre Bazaar, 128 W. Gray, Norman, 405-596-3367; Casita905@hotmail.com; On Sunday 3-5 pm, it's a 2-hour laughterganza! Laugh and play games, Laughter Yoga, Zubble Blowing (colored bubbles), and more. Bring water and smiles. It's all free and fun at the Stars & Stripes park at Lake Hefner, N. Portland Avenue in Groovy OKC. 405-384-4492, LaughNow@LaoughOutLoudOK.com www.LaughOutLoudOK.com ! That's got to be the grooviest event EVER!

Let's have a Beautiful & Groovy Weekend in the Groovy Edmond and OKC Metro area!

Warmest Regards,

Scott and Sherine

Call or email any time

Down Payment Assistance Money Available

Sherine Price, CRS, GRI, CHMS (Dove Realty) — Fri, 23 Apr 2010 10:52:40 -0700

We decided that we need to do a better job of keeping track of down payment assistance money available in our Oklahoma City Metro Area, so we did some research yesterday. We organized all of our contact persons for each program and contacted each of them for an update on their funds availability and when they expect to receive more funds. They all very graciously answered my email request within the same day!

We created a page on our website that provides the details, information and links: www.GroovyEdmond.com/DownPaymentAssistancePrograms, and we will keep it updated regularly on funds availability.

We were so excited to find out that there are two programs that currently have money available, and next week one of them will have even more money available in more programs! It is so very important to many of our clients and to all of the people who want to own a home in our area but don't have enough cash for the down payment and closing costs. If you dream of owning a home, we are committed to helping you make that dream come true!

The Oklahoma Housing Finance Agency's 1st Gold program has money available for the entire state of Oklahoma. Next week their new bond will further fund the 1st Gold program as well as their program for teachers, firefighter's and police officers! The interest rate is 5.65% and they help qualified buyers with 3.5% down payment assistance:

See the details at www.GroovyEdmond.com

The Neighborhood Housing Services of Oklahoma City has money available in their inner city program; it provides $6,000 to qualified buyers who purchase a home within a certain area of the city:

See the details at www.GroovyEdmond.com

The Rural Development Program of the USDA has money available for their 100% loan program for qualified buyers.

There are five other programs that will have money available throughout the year:

     Rural Enterprises
     Community Action Agency of OKlahoma City
     City of Edmond Homebuyer Assistance Program
     City of Norman Revitalization
     Oklahoma County Housing Finance Agency

so check back often at www.GroovyEdmond.com or subscribe to one of our blogs, and stay updated on the availability of funds for down payment assistance.

We'll keep you updated and informed!

Call, text or email any time you have questions or need assistance; we're here for you with the personal attention and expertise that will save you money and time and help you avoid costly mistakes.

Results That MOVE You,

Scott and Sherine Price

(405) 905-9175 Scott

(405) 306-7770 Sherine

www.GroovyEdmond.com

www.GroovyOKC.com

Real Estate Market Report for the Oklahoma City Metro Area

Sherine Price, CRS, GRI, CHMS (Dove Realty) — Fri, 16 Apr 2010 08:27:47 -0700

Real Estate Market Report for the Oklahoma City Metro Area:

8,554 homes listed for sale

Average Available Home is:

3 bed/2 bath/2094 square feet/$219,125/$99.75 per square foot/101 days on the market

Over the past 90 days:

2,098 homes sell each month (on average)

4 months of inventory on the market currently (good)

Average Sold Home is:

3 bed/1 bath/2074 square feet/$149,249 list price/$71.96 per square foot/$147,391 sold price/$71.07 per square foot/84 days on the market

On average, sellers in the OKC Metro Area are receiving 102% of their list price!

March 2010 Statistics/March 2009 Statistics:

1435 Total Closed Sales/1259 Total Closed Sales

$205,439,932 Total $ Volume/$177,609,376 Total $ Volume

$143,164 Average Price/$141,072 Average Price

5.23% Average Interest Rate/5.36% Average Interest Rate

On average, sellers in the OKC Metro area received 97% of their list price.

84 Average Days on the Market/93 Average Days on the Market

8,454 Listings/8659 Listings

I can do a similar report for any price range and city or neighborhood; just send me a request and I'll send it to you right away.

Real Estate Market Report for Edmond, Oklahoma

Sherine Price, CRS, GRI, CHMS (Dove Realty) — Thu, 15 Apr 2010 20:47:46 -0700

Real Estate Market Report for Edmond, Oklahoma:

1430 homes listed for sale

Average Available Home is:

3 bed/2 bath/2730 square feet/$326,046/$109.94 per square foot/106 days on the market

Over the past 90 days:

317 homes sell each month (average)

4 1/2 months of inventory on the market currently (good)

Average Sold Home is:

3 bed/2 bath/2245 square feet/$222,095 list price/$95.93 per square foot/$214,822 sold price/$93.14 per square foot/91 days on the market

On average, sellers in Edmond are receiving 97% of their list price

I can do a similar report for any price range and city or neighborhood; just send me a request and I'll send it to you right away.

Great NAR Article about the Economy and the Real Estate Market

Sherine Price, CRS, GRI, CHMS (Dove Realty) — Tue, 06 Apr 2010 11:04:32 -0700

Check out this great article about the economy and the real estate market; Lawrence Yun, Chief Economist, answers some good questions that we all have:

http://www.realtor.org/wps/wcm/connect/ro-content/ro/research/economists_outlook/commentaries/marketfaq_032910

March 2009 Snapshot of Oklahoma City Metro Area Real Estate Market Activity

Sherine Price, CRS, GRI, CHMS (Dove Realty) — Thu, 02 Apr 2009 13:10:03 -0700

Active Listings:

8608 homes for sale in the OKC MLS
Average 116 days on the market
Average list price $224,241
Average list price per square foot $139.43
Average size: 2099 square feet, 3 Bed/2 Bath

Sold/Under Contract:

3339 homes went under contract and/or sold
So we have an inventory of approximately 3 months
Average 92 days on the market for the sold properties
On Average, sellers are receiving 96% of their list price
Average sales price $140,754
Average price per square foot $75.75

For more information on the real estate market in the Edmond & Oklahoma City Metro Areas or for your FREE/No Obligation Market Report for your Neighborhood call or email me any time at (405) 306-7770 Sherine@MovingUpInEdmond.com

Go to www.MovingUpInEdmond.com to Search the MLS for available Homes, Learn more about the Edmond Area, and learn more about buying, financing, selling, and maintaining a home.

March 2009 Snapshot of Edmond, Oklahoma's Real Estate Market Update

Sherine Price, CRS, GRI, CHMS (Dove Realty) — Thu, 02 Apr 2009 13:02:47 -0700

Active Listings:

1428 homes for sale in the Edmond school district
Average 112 days on the market
Average list price $358,389
Average list price per square foot $119.03
Average size: 2766 square feet, 3 Bed/2 Bath

Sold/Under Contract:

450 homes went under contract and/or sold
So we have an inventory of approximately 3 months
Average 83 days on the market for the sold properties
On Average, sellers are receiving 98% of their list price
Average sales price $225,547
Average price per square foot $95.94

Go to www.MovingUpInEdmond.com to Search the MLS for available Homes, Learn more about the Edmond Area, and learn more about buying, financing, selling, and maintaining a home.

4th Quarter 2008 Oklahoma Real Estate Market Report

Sherine Price, CRS, GRI, CHMS (Dove Realty) — Thu, 02 Apr 2009 12:08:18 -0700

In Oklahoma, the total number of sales is down 18.2% but the average cost of a home has increased by 2%. Check out these statistics from www.OklahomaREALTORS.com :

The average cost of a home in Oklahoma has increased by 2 percent compared to the fourth quarter of 2007. In the fourth quarter of 2008 the average cost of a home sold was $146,015 compared to $142,960 in the fourth quarter of 2007. Statewide, 9,420 homes were sold in the fourth quarter of 2008. This is 18.2 percent less than the number of homes sold in the fourth quarter of 2007 in which 11,518 homes were sold in the state.

The Oklahoma Association of REALTORS® reports residential sales activity from multiple listing services
across Oklahoma using information provided from local boards and associations.

Visit the Good Thing You're in Oklahoma Web site for more on Oklahoma statistics and information about OAR's "Good Thing You're in Oklahoma" campaign.

Visit my website at www.MovingUpInEdmond.com for your one-stop resource to buy or sell a home.

Cleveland County First-time Home-buyer's Down Payment Assistance Money Available!

Sherine Price, CRS, GRI, CHMS (Dove Realty) — Mon, 09 Feb 2009 11:46:50 -0800

There is now some new money available for first-time home-buyers down payment assistance in certain parts of Cleveland County! Here are the details:

Neighborhood Housing Services
1320 Classen Drive, OKC
(405) 231-4663
Contact person: Amanda or Nadia
www.nhsokc.org

Qualified applicants can receive up to 6%/$6,000 towards down payment, closing costs, pre-paids, etc.

1. For more information call the number above and stop by their office to pick up a packet.

2. If qualified and your application is complete, call to schedule your intake appointment.

3. Find your home and get a good contract on it, or you might already have a contract on your home. Your REALTOR will send them a copy of your contract.

4. They will conduct their own inspection of the property and process your application.

5. Attend their Home-buyer Education Class

6. Within 2 hours before your closing appointment, pick up your check (payable to your title company) and take it to your closing appointment!

It's a fabulous program, but the money will run out soon so don't delay!

Call or email me any time you have questions or want me to help you find a great home and negotiate a great contract.

I'll save you money and time with my personal attention & expertise!

Warm Regards,
Sherine Price
Metro First Realty
(405) 306-7770
www.ISellMooreHomes.com
www.SherinePrice.com
Sherine@ISellMooreHomes.com

First-time Homebuyer's $7500 Tax Credit

Sherine Price, CRS, GRI, CHMS (Dove Realty) — Thu, 13 Nov 2008 11:22:22 -0800

Great News! Many first-time home buyers are eligible for a special $7500 tax credit this year, according to The Housing and Economic Recovery Act of 2008.

It is a $7500 tax credit for qualified first-time home buyers purchasing homes between April 9, 2008 and July 1, 2009.

Click here for more details and information about the tax credit or go to www.FederalHousingTaxCredit.com

Call or email me any time you have questions or need assistance; visit my website at www.SherinePrice.com for great resources and information!

Warmest Regards,

Sherine Price CRS, GRI, CHMS, BS

REALTOR, Broker Associate

Metro First Realty

(405) 306-7770

www.ISellMooreHomes.com

Moore, Oklahoma Real Estate Market Snapshot November 2008

Sherine Price, CRS, GRI, CHMS (Dove Realty) — Tue, 11 Nov 2008 14:15:09 -0800

Active Listings:

965 homes for sale in the Moore school district
Average 92 days on the market
Average list price $187,836
Average list price per square foot $93.46
Average size: 3 bed, 2 bath, 1941 square feet

Sold/Under Contract over the Past 90 Days:

Average of 250 homes went under contract and/or sold each month
So we have an inventory of approximately 4 months
Average of 75-81 days on the market for these sold properties
On Average, sellers are receiving 99% of their list price
Average sales price $144,499
Average price per square foot $83.83

For more information on the real estate market in Moore, Oklahoma, or for your FREE/No Obligation Market Report for your Neighborhood call or email me any time at (405) 306-7770 Sherine@ISellMooreHomes.com

Go to www.ISellMooreHomes.com to Search the MLS for available Homes, Learn more about Moore Oklahoma, and learn more about buying, financing, selling, and maintaining a home.

Best Wishes and Warmest Regards,

Sherine Price CRS, GRI, CHMS, BS

REALTOR, Broker Associate

Metro First Realty

Oklahoma City Metro Areas Real Estate Market Snapshot

Sherine Price, CRS, GRI, CHMS (Dove Realty) — Tue, 11 Nov 2008 14:13:07 -0800

Active Listings:

9780 homes for sale in the OKC Metro & surrounding areas
Average 111 days on the market
Average list price $211,489
Average list price per square foot $158.65
Average size: 4 bed, 2 bath, 2166 square feet

Sold/Under Contract over the Past 90 Days:

Average of 2008 homes went under contract and/or sold each month
So we have an inventory of approximately 5 months
Average of 83 days on the market for these sold properties
On Average, sellers are receiving 100% of their list price
Average sales price $155,255
Average price per square foot $99.04

For more information on the real estate market in the Oklahoma City Metro Areas or for your FREE/No Obligation Market Report for your Neighborhood call or email me any time at (405) 306-7770 Sherine@ISellMooreHomes.com

Go to www.ISellMooreHomes.com to Search the MLS for available Homes, Learn more about the Oklahoma City Metro Area, and learn more about buying, financing, selling, and maintaining a home.

Best Wishes and Warmest Regards,

Sherine Price CRS, GRI, CHMS, BS

REALTOR, Broker Associate

Metro First Realty

Top Ten Reasons It is a Great Time to Buy a Home in Oklahoma!

Sherine Price, CRS, GRI, CHMS (Dove Realty) — Tue, 11 Nov 2008 14:10:02 -0800

1. Lots of Inventory to Choose From - see at www.SherinePrice.com

2. Low Interest Rates & Plenty of Home Loan Financing Money Available - see www.SherinePrice.com for more info

3. Down Payment Assistance Money Available - see www.SherinePrice.com for more info

4. 103% Loans Available - see www.SherinePrice.com for more info

5. $7500 Tax Credit available for a limited time - see www.SherinePrice.com for more info

6. Oklahoma was voted the #1 Recession-Proof State

7. Oklahoma Home Values are Holding Strong

8. There are Many Great Buys Available - see www.SherinePrice.com for more info

9. Home Ownership has Great Income Tax Benefits

10. Pay Yourself instead of Paying Your Landlord's Mortgage!

Call or Email Me Any Time for Professional Real Estate Services that Will Save You Money & Time and Make the Whole Process Easier for You or Visit my Website www.SherinePrice.com

Best Wishes & Warmest Regards,

Sherine Price

CRS, GRI, CHMS, BS

REALTOR, Broker Associate

Metro First Realty

(405) 306-7770

www.SherinePrice.com

SherinePrice@cox.net

Help for Homeowners Facing Foreclosure

Sherine Price, CRS, GRI, CHMS (Dove Realty) — Tue, 11 Nov 2008 13:52:16 -0800

If you or someone you know is struggling to make your mortgage payments and facing foreclosure, there are many new programs available to you that can help you stay in your home with a forbearance, reinstatement, deferral, interest rate reduction, recasting missed payments, refinance, mortgage modification, advance, or repayment plan:

HousingHelpNow.org

Foreclosure Prevention Resource Center

Homeownership Preservation Foundation

HopeNow.com

FHA Loan Modification

HUD.gov Programs

VA.gov

Citi Mortgage Help

Here are more resources that are very informative and helpful:

12 Things You Should Know when you call your lender

Tips for Avoiding Foreclosure

Foreclosure Prevention Workshops

Foreclosure Tax Relief and IRS.gov Tax Relief Information

Beware of foreclosure rescue scams; click here for more information.

Call or email any time and visit www.SherinePrice.com for more valuable resources and information.

Warm Regards,

Sherine Price
CRS, GRI, CHMS, BS
REALTOR, Broker Associate
Metro First Realty
(405) 306-7770
www.SherinePrice.com

Direct Mail Marketing

Sherine Price, CRS, GRI, CHMS (Dove Realty) — Wed, 30 Apr 2008 09:06:46 -0700

Direct mail marketing is somewhat of a mystery to me. I've never found a piece that produces results, and I'm on a mission to do just that. Are our peeps just too worn out on junk mail and junk email and information overload from everything they are bombarded with each day by mail, email, tv, radio, etc? I would love to find a way to change it up a bit and make it stand out from the crowd of junk they are getting.

I've learned a lot from Michael Russer about target marketing, so I know that is important when designing a marketing piece and message.

I would love to get some feedback on what type of direct mail marketing pieces produce results for you all out there, ie a certain type of postcard, newsletter, mail service, etc. I have tried many things and haven't gotten much return on investment from them other than staying in front of my sphere and target market. But I would love to find a great marketing message that makes the phone ring or drives prospects and clients to my website.

I've never gotten a good response from Just Listed or Just Sold cards or flyers or Free Home Valuation cards.

I've tried the Home By Design Magazine, which was expensive and no results that I can measure from it, although some people were impressed with it.

I think they like the refrigerator magnet/calendars I send out each year for Christmas.

This has probably been the bane of my real estate career, trying to figure out what to mail out each month, each year. If you've used something that worked well for you, maybe you could share that with me?!

I Love Selling Real Estate

Sherine Price, CRS, GRI, CHMS (Dove Realty) — Tue, 29 Apr 2008 11:15:45 -0700

I can't believe it is already going to be May in just a few days; the time really does fly by fast when you are having fun! I love selling real estate because it is always a great challenge for me, and I never get bored at all. Everything is constantly changing, and I love the challenge of keeping up with it all. I feel like I'm juggling dozens of bowling balls 24/7 and I'm actually successful at it but could be a lot better so I love the challenge of making my business better and better.

We just learned how to use our new MLS Tempo 5 software, Safe MLS Token, Realist, & Transaction Desk. I just attended the class that taught us about the new contracts that are available from OREC. I'm currently learning how to enhance my website's SEO and "stickyness". I'm also working on improving my business systems to make them more efficient and effective. I've really enjoyed being a part of Michael Russer's Coaching program and highly recommend it. I also highly recommend the CRS designation and courses; they are extraordinary.

I'm constantly looking for new technologies and techniques and products that will enhance my business; my oh my don't we get bombarded with these? A new REALTOR could quickly and easily become bankrupt without some navigational guidance through the sea of costly products and services that are marketed to us daily. That in and of itself is a constant and challenging aspect of what we do.

I love the opportunity to mentor less experienced REALTOR'S, and relish the knowledge I gain from those more experienced than me. We will never run out of things to learn in this business, and a "job" just doesn't get any better than that! We have a lot of super professional and talented people in this business and I am proud to be one of them. I do think we need to tighten up the requirements for entrance into the business and participation in the business so that we can enhance and maintain a very high level of professionalism.

There is no way I could ever go back to working an 8-5 corporate job; I would be bored and probably unemployable now because I'm too accustomed to doing things creatively and independently "my way" and I wouldn't do well with having to follow the "corporate way"!

I love selling real estate and wouldn't trade it for anything other than maybe retirement on a Caribbean Beach with a constant supply of Mojito's, island music, tank tops, Bermuda shorts, flip flops, and of course, my dear husband!

Warm Regards,

Sherine Price CRS, GRI

Welcome

Sherine Price, CRS, GRI, CHMS (Dove Realty) — Fri, 04 Apr 2008 14:31:36 -0700

I just joined Active Rain, and I'm excited about getting involved and networking with professionals on this platform. I hope I can offer as much or more experience and expertise to the members as I will gain from networking with them and learning from their experience and expertise!

I am a professional REALTOR in the Oklahoma City Metro area, specializing in residential single family home sales in the town of Moore. I offer relocation services, listing and marketing services, and buyer representation. I am committed to providing my clients with personal attention and expertise that will save them money and time and make the process smooth and easy. Your referrals will be in very good hands!

Call or email me any time you have questions, comments, or referrals.

Sherine Price, CRS, GRI, REALTOR, Broker Associate

Metro First Realty

(405) 306-7770

www.ISellMooreHomes.com

Sherine@ISellMooreHomes.com