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Buyers Want Your Home for as Little as Possible.
Are you thinking of selling your home? You should know exactly what it's worth before making such an important decision.
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Find Out More About the Harrah, Choctaw and Eastern Oklahoma County Area Economy & Job Market
Come On Down!! The local economy is booming here! We have been experiencing an upward to steady economy now since the early 1990's. It appears that it will continue as evidenced by the building and development going on. Tinker Air Force Base and General Motors, plus their satellite suppliers are major employers. Oklahoma City is the State Capitol and it has many, many State offices employing thousands of people. On September 25, 2001, Oklahomans voted in "Right To Work" and that change is expected to positively affect all of Oklahoma's economy with a booming ripple effect.
First Time Buyers >Inspection Contingencies
Many of today's purchase offers include a contingency clause that allows the buyers to hire a home inspector or professional expert to inspect the property. If there is a significant defect in the property, the buyer can cancel the contract without losing the earnest money deposit. Contingencies are excellent procedures that protects both the buyer and the seller.
The time period for inspection contingencies is negotiable. In most parts of the country, the buyers have about a week in which to cancel the contract if the structural inspection reveals a serious and consequential defect. The positive side to such contingencies is that the inspection usually addresses--and overcomes--the buyers' misgivings, and confirms their decision to move ahead with the purchase.
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| Q |
Who is "Freddie Mac", and why is he a big name in real estate?
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| A |
"Freddie Mac" is the nickname for FHLMC, the Federal Home Loan Mortgage Corporation, which buys mortgages from lending agencies, thus allowing lenders to continually replenish funds for new mortgage loans. |
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