New Homes, Short Sales and Special Guest Laci Ray with The Picnic Space

Oklahoma Living & Real Estate Show

Welcome:

Welcome to the Oklahoma Living and Real Estate Show. I’m your host, Tim Dumas with eXp Realty here in Oklahoma.

On today’s show we will talk about how new home sales are going up and what is a short sale.

I’m also going to share some things you might want to do this weekend. It’s going to be a good show and it’s all coming up.

Our Special Guest is Laci Ray with The Picnic Space.

Real Estate News:

According to News 5

New home sales rose in March, climbing for the fourth month in a row as mortgage rates eased and buyers looked to new construction as an alternative to the tight inventory of existing homes for sale.

Sales of newly constructed homes were up 9.6% in March from February, but were down 3.4% from a year ago, according to a joint report from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. March's month-over-month gain is further evidence that the housing market may be stabilizing.

For More Information Visit: https://tinyurl.com/5327wva3

What is a Short Sale?

The National Association of Realtors define a short sale as “a transaction in which the lender, or lenders, agree to accept less than the mortgage amount owed by the current homeowner. In some cases, the difference is forgiven by the lender, and in others the homeowner must make arrangements with the lender to settle the remainder of the debt.

Since a short sale generally costs the lender less than a foreclosure, it can be a viable way for a lender to minimize its losses.

A short sale can also be the best option for a homeowners who are “upside down” on mortgages because a short sale may not hurt their credit history as much as a foreclosure. As a result, homeowners may qualify for another mortgage sooner once they get back on their feet financially.”

For More Information Visit: https://tinyurl.com/4ast3894

Does a short sale take longer? Yes, because you are dealing with financial institutions and not the owner of the property. It can take around 6 months to close a short sale.

Guest Intro:

Laci Ray with The Picnic Space

The Picnic Space is a great way to do something really nice for that special person in your life!

Contact Info:

Phone: [phone]

Email: [e-mail]

Website: www.thepicnicspaceok.com

Instagram: thepicnicspace

Things To Do:

The Arts Festival is currently going on and will until April 30th in Oklahoma City at the Bicentennial Park. Website: https://www.artscouncilokc.com/festival-of-the-arts

The Norman Music Festival is this week April 27-29th.. There will be over 100 bands with multiple stages in downtown Norman.

Website: https://normanmusicfestival.com/

The Old Chicken Farm Vintage Barn Sale is this weekend in Jones, Oklahoma.

This is a pretty big deal. Lot’s of people will be there with lots of stuff for sale spread out over 80 acres.

Website: https://www.theoldchickenfarm.com/

Free Real Estate App

FREE access to all local listings, track your home’s estimate, equity & chat directly on homes of interest.

https://timdumas.exprealty.com/holp/app

Ending

Thank you for joining me for this episode of the Oklahoma Living and Real Estate Show.

If there’s anything in the world I can help you with regarding buying or selling a home, please reach out to me at [phone].

I hope you enjoy your day and God bless.

Tim Dumas

REALTOR® with eXp Realty

Cell: [phone]

www.oklahomalivingandrealestate.com

Office [phone] ext: 907

https://timdumas.exprealty.com/