The Oklahoman Real Estate

FREAL ESTATESATURDAY, MARCH 24, 2012 THE OKLAHOMAN | NEWSOK.COM

LISTING OF THE WEEK

Home offersthree levels The Listing of the Week is atri-level home with a pool,cabana and barn on 2-pluspartially wooded acres insoutheast Edmond. PAGE 6F

HOUSE PLAN

Focus on facadeKeystone arches meldharmoniously with ArtDeco-style windowtreatments to give theTyndale an intriguingfront facade.

PAGE 6F

IN BRIEF

PAPER TOWELDISPENSER GOESAUTOMATICThe automatic papertowel dispenser hasmoved into thekitchen. Like bath-room towel holders,the Innovia dispen-ser releases towelswhen you hold ahand near its sensor.It continues to dis-pense the towelsuntil you move yourhand away, and thentightens when one isbeing pulled awayfor a clean break.Excess towels re-tract automatically.The dispenser costs$99 at www.InnoviaHome.com. Shippingis free.

GREEN SHAREGROWINGThe green share ofnew single-familyresidential construc-tion has grown dra-matically, increasingfrom 2 percent in2005 to 17 percentin 2011, according toMcGraw-Hill Con-struction. Builders,remodelers andothers looking toexpand their knowl-edge of buildinggreen, and find outwhere the market isgoing, are invited toattend the 2012National GreenBuilding Conferenceand Expo in Nash-ville, Tenn., April29-May 1. For moreinformation, go towww.nahb.org/greenbuildingconference.

CONFIDENCEUNCHANGEDBuilder confidence inthe market for newlybuilt, single-familyhomes was un-changed in Marchfrom a revised levelof 28 on the NationalAssociation of HomeBuilders/Wells FargoHousing MarketIndex. Following fiveconsecutive monthsof gains, the index isholding at its highestlevel since June2007.

FROM STAFF AND WIRE REPORTS

MCT PHOTO

The last time carpenterand designer Paul DiMeostepped foot in Oklahoma,it was just in time for theFebruary 2010 ice stormthat froze most of the state— including his Tulsa worksite for ABC’s “ExtremeMakeover: Home Edition.”

“Oh man, it was terri-ble. It was absolutely ter-rible,” he recalled recently.“It started the day we de-moed — Greg Simmonswas our builder, wonderfulguy — and it remained badall week long.”

This year is proving lessicy as DiMeo and Sasha An-dreev from HGTV’s “CurbAppeal” share their exper-tise with crowds at the OKCHome Show, which contin-ues through Sunday atState Fair Park. They’rehardly alone, with some500 experts and 200 ven-dors filling out the week-end. But theirs may be themost recognizable faces.

The OKC Home Show,which started Friday, con-tinues from 10 a.m. to 9p.m. Saturday and 10 a.m.to 6 p.m. Sunday. Admis-sion is $9, with childrenyounger than 12 admittedfree.

Andreev will present“Curb Appeal Challenge:Bringing Designer Tipsand Tricks Home” at 1p.m.and 5 p.m. Saturday on theLittle Project Stage in theCentennial Building.

DiMeo will present “Ex-treme Makeover HomeEdition: Nine ExtremeYears of Love and Hope” atnoon, 3 p.m. and 5 p.m.Saturday on the Little Pro-ject Stage.

Popular appealOver a nine-season run

that ended in January, thebespectacled DiMeo lenthis gruff but common-sense touch to “ExtremeMakeover: Home Edition,”a series that often gatheredblue-shirted volunteers to

take on difficult projectssuch as rebuilding homesleveled when tornadoestore through Joplin, Mo.,in 2011. In 2010, the showrebuilt a home not far fromOklahoma City, nearSlaughterville, for an epi-sode.

Likewise, Andreevhelped homeowners re-vamp their plain-Jane ordownright disastroushome exteriors to create a

good first impression asco-host of “Curbside Ap-peal.”

Both shows — andhome-improvementshows in general — haveremained a constant evenas a sluggish economytightened its grip on a lotof wallets. The reason?The sluggish economy.

“If everyone’s making amillion dollars, it’s reallyeasy to hire a handyman tocome over and do it all,”DiMeo said. “In timeswhen we aren’t, we look toourselves to do some ofthese things.”

And that’s why home-improvement shows haveremained so popular, he

Home makeover experts prepareto share tips at OKC Home Show

On “Extreme Makeover: Home Edition,” Paul DiMeohelps families rebuild their lives through building newhomes. DiMeo, a guest at the OKC Home Show, willpresent “Extreme Makeover Home Edition: Nine Ex-treme Years of Love and Hope” at noon, 3 p.m. and 5p.m. Saturday on the Little Project Stage in the Cen-tennial Building at State Fair Park in Oklahoma City.

PHOTO PROVIDED

Sasha Andreev prepares a stone at a home forHGTV’s “Curb Appeal,” a show that helps homeown-ers add visual interest to the exterior of their homes.Andreev, a guest at the OKC Home Show, will present“Curb Appeal Challenge: Bringing Designer Tips andTricks Home” at 1 p.m. and 5 p.m. Saturday on theLittle Project Stage in the Centennial Building atState Fair Park in Oklahoma City. PHOTO PROVIDED

BY DYRINDA TYSONFor The [email protected]

SEE SHOW, PAGE 2F

During the worst of theeconomic downturn,many homeowners be-came landlords — albeitreluctantly. Their reasonsvaried: Some, who’d gonethrough a job transfer ordivorce, rented out ahome rather than sell at aloss. Others, who’d lostjobs, converted theirhomes to rentals to avertforeclosure.

Fast-forward to animproving economy in2012. Many reluctantlandlords, sensing astrengthening market, arenow ready to sell. Thisconstitutes a potentiallygolden opportunity forhomebuyers willing toconsider buying a rentalunit, said Sid Davis, a realestate broker and authorof “A Survival Guide forBuying a Home.”

“Buying a rental homeis not for everyone. But ifyou can look past the(issues involved) you

might get a tremendousdeal,” Davis said.

Are you a homebuyerwilling to consider a rent-al unit as your family’snext home? If so, thesefew pointers could proveuseful:

I Gauge the sellers’level of motivation.

Among the disillu-sioned landlords noweager to sell are would-beinvestors who boughtproperties during thedownturn in hopes ofmaking a healthy profit.But their plans weredashed by bad experi-ences.

“For these folks, theirwhole rental plan failed towork out as expected. Fora variety of reasons, theycouldn’t collect enoughrent to cover their costs.So now they’re rushing tosell,” said Leo Berard,charter president of theNational Association ofExclusive Buyer Agents

(www.naeba.org).I Always ensure you

get an in-depth homeinspection on a rentalunit.

Some rental propertiesare overseen by profes-sional management com-panies. But Davis said thisoffers no guarantee that aplace has been kept ingood repair and that all itsproblems have beencaught.

“Many professionalmanagement companieshandle only routine mat-ters — like mowing thelawn — or emergencies,like a leaking water heat-er,” he said.

What professional rent-al managers often miss areless obvious issues, suchas a roof that’s leakinginto an attic. Also, theyrarely deal with tenant-caused problems, likedamage to hardwoodfloors or carpeting.

To ensure you identify

all the problems with arental property, Davisurges you to hire “adarned good home in-spector.”

To find one, he recom-mends you ask your realestate agent for a list of atleast 10 candidates andthen screen them on thephone before making yourchoice. You can also findinspectors through suchprofessional organizationsas the American Societyof Home Inspectors(www.ashi.org).

I Obtain estimatesfor all major repair is-sues found by your in-spector.

For 15 years, Davisowned six houses that herented out. This experi-ence taught him thatrenters often don’t bothertelling their landlordabout problems untilthey’re very serious.

“A dishwasher mighthave been malfunctioning

for months, running allover the kitchen floor andharming the floor boardsunderneath. But until itstops working completely,the landlord or manage-ment company may neverhear about it,” Davis said.

As a prospective ownerof a rental property, youneed to know in advancehow much it would costto repair all of a home’sproblems. To do this,Davis recommends youget estimates for all need-ed repairs cited in theinspection report. Thenuse this data as a nego-tiating tool to either getthe work done or lowerthe price of the property.

To contact Ellen James Martin, emailher at [email protected].

UNIVERSAL UCLICK

Rental units can offer big savings EllenJamesMartin

SMARTMOVES

READINGTHE FINEPRINTThe Obama adminis-tration’s new plan tostimulate refinanc-ings of FederalHousing Adminis-tration-backed mort-gages is likely to bea disappointment tomany borrowerswho aren’t aware ofthe program’s fineprint and end upmissing an opportu-nity to switch into aloan with a ratebelow 4 percent.

PAGE 3F

KennethHarney

THE NATION’S HOUSING

INDEX

Permits 9FStone 7F

INSIDELooking for shelter?Safe rooms will beon display at theOKC Home Show.PAGE 5F

2F . SATURDAY, MARCH 24, 2012 THE OKLAHOMAN | NEWSOK.COMREAL ESTATE

said.“I think the fact that

there are so many thingsthe do-it-yourselfer cando when pocketbooks aretight. That’s when we say,‘Yeah, let’s do it this week-end. It keeps us home, itaccomplishes something,and it doesn’t spend toomuch of our hard-earnedsavings,’ ” DiMeo said.

DiMeo is sharing ideasfor renovations that areboth eco-friendly and ec-onomical with show audi-ences this weekend, field-ing questions as well.

Dealing with distressThe fast-paced “Ex-

treme Makeover” projectshave made him an expertin both the fast and the af-fordable when it comes tohome renovation.

DiMeo’s first exposureto home improvementcame at an early age whenhis family’s Pennsylvaniahome burned down.Through much of his runon “Extreme Makeover,”he dealt with families fac-ing loss and hurdles.

In Tulsa, for example, hewas part of a team that re-modeled a family’s hometo accommodate one son’srare disorder, which causesweak muscle tone, lowmetabolism and constanthunger. The revampedkitchen featured a pantrythat puts the food, includ-ing the refrigerator, behinda locked door, making iteasier to supervise theboy’s diet.

“The home we live inhelps us, especially thosewith disabilities,” DiMeosaid. “The way we designeach home on the show isas unique as the familieswe design it for.”

But the first and mostimportant step in any pro-ject of any size is to clearboth mind and space, Di-Meo said.

“We can really decidewhat we use and don’t use.What we don’t use shouldgo to somebody who needsit, and what we do use,we’re going to tune thosethings up,” he said.

It’s an especially usefulapproach when tackling alarge or complicated pro-ject. Clearing the excesshelps bring focus.

“All of a sudden, you cansee light at the end of thetunnel,” he said.

Curb challengeRussian-born Andreev

harnesses his experienceand what he’s learned fromexperts along the way inhis seminar on curb ap-peal. He takes on differentbudget points and differ-ent designs, unleashingthree designers on onehouse.

“Actually my house,” hesaid.

He began what he callshis journey — “that’s reallywhat it is” — two years agowhen he bought his firsthome, a century-oldhouse near downtownMinneapolis.

The interior featureslots of woodwork, hard-wood floors and thickplaster walls. Outside,much of the home’s charmwas hidden under layers ofvinyl siding and aluminumtrim.

Andreev was able to

move in after five or sixmonths of work, he said,but he now uses his expe-riences as a springboardfor discussion with the au-dience.

He, too, sees the econo-my fueling the success ofshows such as his.

“People don’t have themoney to hire a profes-sional to take care of ev-erything,” he said.

But this fuels creativityas well.

“You see so much morerenovation and designhappening in our media,”he said. “People are get-ting the inspiration and, ofcourse, a lot of people aredoing it themselves.”

In the process, tastes aregrowing more refined.

“You have that happen-ing in the food movement,”

Andreev said. “People know so much

more about nutrition,their sources of food andorganic food, etc.

“I think that almost par-allels what’s been happen-ing with (home) builds. Wejust know so much morethan we used to. We haveso many more sources ofinspiration than we’ve everhad before.”

Show: ‘A lot people are doing it themselves’Left: Paul DiMeo designed the Carousel Room for achild for an episode of “Extreme Makeover: HomeEdition.” PHOTO PROVIDED

FROM PAGE 1F

The Leopard Music Room was a creation of Paul DiMeo for an episode of“Extreme Makeover: Home Edition.” PHOTO PROVIDED

Rushing Design Group exhibited this outdoor living space at a previous OKC HomeShow. The Oklahoma City-based landscape design company is an exhibitor thisweekend at the OKC Home Show at State Fair Park. PHOTO PROVIDED

Shoppers look at exhibits at a previous OKC Home Show. Some 200 vendors and500 experts will be on hand at the show Saturday and Sunday at State Fair Park.

PHOTO PROVIDED

THE OKLAHOMAN | NEWSOK.COM SATURDAY, MARCH 24, 2012 . 3FOPINION

MIDWEST CITY — Heath-er Hancock has joined Par-adigm AdvantEdge RealEstate’s east office at 2150S Douglas, Suite F, in Mid-west City, as a residentialreal estate sales associate.

She is a graduate of Mid-west City High School andstudied secondary educa-tion at the University ofOklahoma. She worked foreight years as a sales direc-tor for Mary Kay Cosmeticsin Arizona. Now, among herother real estate activities,she is listing and selling newhouses built by her fatherand brother’s constructioncompany, P&G Construc-tion.

Heather Hancock

Hancockadded toParadigm

Jerry Piper has joinedChurchill-Brown & Asso-ciates Realtors’ north of-fice, 4401 W MemorialRoad, Suite 109, as a resi-dential real estate sales as-sociate.

He has been selling realestate for one year and haslived in the metro area for10 years. The Illinois nativewas in ministry and musicfor 35 years. He holds abachelor of art degree fromEastern Illinois University,where he graduated cumlaude.

Jerry Piper

Piper joinscity firm

EDMOND — Becky Karpehas moved to Metro FirstRealty’s new location at3636 E Interstate 35 Fron-tage Road in Edmond, as amember of Mike Cassidy’ssales team, Cassidy & Co.

She has a business man-agement degree fromOklahoma State Universi-ty. She has worked in thereal estate business for 13years and has held a realestate license since 2002.

Becky Karpe

Karpe movesto Metro First

Teresa Fuxa has joinedChurchill-Brown & Asso-ciates Realtors’ north of-fice, 4401 W MemorialRoad, Suite 109, as a resi-dential real estate sales as-sociate.

The Shawnee native hasbeen selling real estate forseven years. She has livedin Oklahoma City for sixmonths, having movedhere from Denver. Sheholds a bachelor’s of busi-ness administration de-gree from Lamar Universi-ty. She has been employedas a flight attendant withDelta Airlines for 25 years.

Teresa Fuxa

Fuxa added toChurchill-Brown

Great Plains NationalBank has several graduatesof USA Cares, a new edu-cation course to help loanofficers, Realtors and oth-ers work with military cli-ents.

They are Jason Stier,Chad Keck, Zach Williamsand Todd Munday.

“This course aims to putgreater numbers of mili-tary families into afford-able homes throughknowledgeable profes-sionals who understandthe unique circumstancesbrought about by militaryservice” said USA CaresExecutive Director BillNelson.

The course’s author, Be-verly Ray Frase, has astrong background as loanofficer, real estate brokerand career U.S. Army wife.

“I’ve been on all sides ofthe homebuying process,”Frase said. “I know wherethe speed bumps are, es-pecially for our militarymen and women. Workingwith a certified housingprofessional should movethem down the path to anaccurate and timely clo-sing.”Great Plains NationalBank is based in Hollis andhas two mortgage oper-ations in the OklahomaCity Metro area:GPNMortgage Edmond,307 E Danforth, Suite 124,in Edmond; andGPNMortgage Yukon, 520Pointe Parkway Blvd., inYukon.

The bank also hasbranches in Tuttle, ElkCity, Sayre, Mangum,Burns Flat, Cordell, Ho-bart and Granite.

Real estate courseaids military clients

WASHINGTON — TheObama administration’snew plan to stimulate refi-nancings of Federal Hous-ing Administration-backed mortgages is likelyto help large numbers ofhomeowners cut theirmonthly costs — eventhose who are deeply un-derwater. But it’s also like-ly to be a disappointmentto many borrowers whoaren’t aware of the pro-gram’s fine print and endup missing an opportunityto switch into a loan with arate below 4 percent.

To cut through the bu-reaucratic details, here’s aquick overview of the so-called “streamline refi”program and what it willtake for you to qualify.

First, the baseline crite-ria: Your current homeloan must be FHA-insuredand must have been put onthe agency’s books no laterthan May 31, 2009. If youhave a mortgage owned orbacked by Fannie Mae,Freddie Mac, the Depart-ment of Veterans Affairs orprivate investors, you’reout.

The May 31, 2009, dateis crucial. Your lender cantell you precisely when theFHA “endorsed” your loanfor insurance. This is dif-

ferent from the dates youapplied for your loan orclosed on your house. If itturns out to be anytimelater than May 31, 2009,you miss the cut.

You also need to have anunblemished record of on-time mortgage paymentsfor the past 12 months.Maybe you were late occa-sionally a couple of yearsback. That’s OK. But theimmediate past 12 monthsneed to be pristine.

On top of that, if yourrefinancing does not pro-vide you a net savings of atleast 5 percent in yourmonthly principal, interestand mortgage insurancepayments, you won’t beeligible either. The pro-gram won’t take effect un-til June 11.

Those are the main hur-dles. But they are substan-tial enough to excludehundreds of thousands ofcurrent FHA borrowerswho might otherwise liketo refi. According to anFHA spokesman, BrianSullivan, FHA has roughly500,000 active loans in itsportfolio that are eliminat-ed from participation sole-ly on the basis of the May31, 2009, cutoff date. Ofthose, an estimated145,000 have mortgage in-

terest rates higher than 5percent — making themprime candidates for a refiif it weren’t for the cutoffdate.

Now for the good stuff:Under the Obama plan, ifyou qualify on the criteriaabove, you get to breezethrough the paperworkmaze and underwritinghassles that come with anyrefinancing. The FHAstreamline refi requires:

I No new verificationsof your income or employ-ment status. If you’ve beenpaying on time for a year,the presumption is thatyou’ve got the needed in-come.

I No new credit evalua-tion, credit reports or FI-CO scores.

I No new physical ap-praisal. The program gen-erally accepts the ap-praised value of your homeat the time you closed onyour current FHA loan asgood enough — even ifyou’re now in serious neg-

ative equity territory.Along with the

stripped-down under-writing, the new programalso comes with valuablefinancial concessions. Tosweeten the deal, the FHAhas slashed its regular in-surance premium chargesfor qualified streamlineapplicants.

Take this hypotheticalexample provided by PaulSkeens, president of Colo-nial Mortgage Co. in Wal-dorf, Md. Say you nowhave a $180,000 FHA loanat 5.25 percent that datesto March 2009. Your cur-rent monthly principal andinterest payment is$993.93. With the addi-tion of FHA’s mortgage in-surance premium costs of$82.50, your total monthlyoutlay is $1,076.43.

If you qualify for thenew streamlined plan, youcould lower your interestrate to 3.875 percent andyour monthly principal,interest and mortgage in-surance to $928.92 — animmediate savings of$147.51 per month or$1,770.12 a year. Over thenext 60 months, you’llsave $8,850.60.

Not bad.But why the May 31,

2009, cutoff? What about

the thousands of responsi-ble borrowers who hap-pened to take out theirFHA loans more recently,have paid on time and haverates higher than 5 per-cent? Why punish them?

Sullivan said it’s allabout the traditionalthree-year “seasoning”period for mortgages dur-ing which the bulk of in-surance claims — delin-quencies and foreclosures— normally occur. He de-nied rumors that the 2009date had anything to dowith the FHA’s policy ofmaking partial refunds ofupfront insurance premi-ums to borrowers who re-finance during the first 36months, which might costthe agency millions of dol-lars if more recent borrow-ers could qualify for thenew program.

“How cynical,” he saidin response to an emailquestion on the refunds.“This is about easing thepressure on (borrowers) ina responsible way.” Savingmoney by cutting out morerecent FHA borrowers“was never a considera-tion.”

Ken Harney’s email address [email protected].

WASHINGTON POST WRITERS GROUP

Study fine print in ‘streamline refi’ KennethHarney

THE NATION’S HOUSING


SAN FRANCISCO — TheSolomon R. GuggenheimMuseum in New York City.The Fallingwater home insouthwestern Pennsylva-nia. But a child’s dog-house?

Frank Lloyd Wright de-signed hundreds of land-mark buildings and homesduring a prolific careerthat spanned more thanseven decades. But in whatis widely considered a firstand only for the famed ar-chitect, Wright indulged ayoung boy’s humble re-quest for a doghouse in1956 and sent him designsfor the structure.

“I was probably hisyoungest client and poor-est client,” Jim Berger, now68, said during a recent in-terview.

Berger rebuilt the dog-house last year with hisbrother, using the originalplans. It was featured in adocumentary film and willbe displayed duringscreenings.

Wright designed Berg-er’s family’s home in theMarin County town of SanAnselmo, prompting thethen-12-year-old Berger toask his dad if Wright woulddesign a home for his blackLabrador, Eddie.

Berger’s dad said hedidn’t know, so Berger de-cided to write to the greatarchitect himself.

“I would appreciate it ifyou would design me adoghouse, which would beeasy to build, but would gowith our house ...,” readthe letter dated June 19,1956. “(My dog) is two anda half feet high and threefeet long. The reasons Iwould like this doghouse isfor the winters mainly.”

Berger explained that hewould pay Wright from themoney he made from hispaper route.

“A house for Eddie is anopportunity,” Wrightwrote back. But he said hewas too busy at the time(construction on the Gug-genheim began in 1956)and asked that Bergerwrite him back in Novem-ber.

Berger did so on the firstof the month, and the planfor the doghouse followed— at no charge.

“The story of a 12-year-old kid having the chutz-pah to write a letter to thegreatest architect of alltime and having him de-sign something as modestas a doghouse … I justknew it was a great story,”said Michael Miner, whoproduced and directed thedocumentary, “Romania,”which features the dog-house and other structuresWright designed in Cali-fornia.

The Dallas filmmaker isscheduled to screen thedocumentary at the Illi-nois State Museum inSpringfield, Ill., accordingto his website, www.de-signedbyfranklloyd-

wright.com. Screeningsare scheduled to follow inIowa, Georgia, Florida,New Jersey and NewHampshire. The doghousewill be on hand.

Berger said the originaldoghouse was not builtuntil about 10 years afterhe received the designs.Since Eddie had died bythen, Berger’s father andbrother built their housefor another family dog.

That doghouse, howev-

er, later ended up in thedump because Berger saidhis mother did not have adog, and did not see muchother value in it. He rebuiltit for the documentary lastyear, working off Wright’soriginal plan, which said,“Plan of Eddie’s house.”

“When I wrote himoriginally to design thedoghouse, I specified thatit be real easy to build,”said Berger, who became acabinet maker. “It was a

nightmare.”The doghouse, roughly

3 feet wide by 5 feet long by3 feet high, has a sharp tri-angular shape, with asloping shingled roof. It ismade of Philippine ma-hogany and weighs about250 pounds.

“It’s definitely in themaster’s hand,” Oskar Mu-noz, assistant director ofarchives at the Frank LloydWright Foundation, said ofthe design.

Munoz said Berger’s isbelieved to be the onlydoghouse Wright de-signed. Wright likelysketched it out and thenhanded it to a draftsman inhis studio who turned itinto a working drawing, hesaid.

Wright was past 80 andlikely busy with dozens ofprojects at the time, Mu-noz said, so for him to takethe time to make thesketch was unusual.Wright died in Phoenix in1959.

Berger, who now lives inthe Sacramento area andhas three rescue beagles,said he’s not sure what hewill do with the doghouse.

Although his beagles areworthy of it, he said theywould probably prefer tostay in the house.

In this photo provided by Michael Miner, Jim Berger stands next to a dog house designed by Frank LloydWright. AP PHOTO

BY SUDHIN THANAWALAThe Associated Press

Jim Berger is shown with his dog, Sir Charles Bar-kley, holding the letter he received from famedarchitect Frank Lloyd Wright, who he had asked todesign a dog house. Berger was 12 when he wroteto Wright in 1956. AP PHOTO

Wright designed-doghouseis being rebuilt for film

MINNEAPOLIS — WhenChris and Diane Finney de-cided to buy a bank-ownedcondo in St. Paul, Minn.,they knew there would becompetition.

Their strategy? Offer less— but offer cash.

While others said theywould pay more, they need-ed to finance the deal. Thebank took less and took thecash.

“We were in the driver’sseat,” Chris Finney said.

In a normal housing mar-ket, multiple bids usuallylead to higher home prices,and the highest bid wins.But when credit markets aretighter and appraisals areoften lower, many sellerswill take less to be sure thatthe deal will get done.

“If I get five offers on aproperty and the cash offeris darned close to being oneof those top offers, I’d takethe cash offer any day,” saidMarshall Saunders, owner/broker at RE/MAX Results.

In December, 33 percentof all U.S. home sales werecash deals — a record sincethe downturn started in2006, according to Camp-bell Survey and InsideMortgage Finance. As aresult, home prices can’tgain much traction becausemany sellers won’t neces-sarily accept the highest of-fer. For most homebuyers,it’s confounding to be re-jected because they arefinancing the deal. For thehousing market, it meansmore downward pressureon prices despite tight sup-plies and rising demand.

“It’s a real sign of what’sgoing on,” said Guy Cecala,publisher of Inside Mort-gage Finance. “All thingsbeing equal, cash wins.”

The volume of cash dealsis offsetting other positivetrends in the market thatshould be leading to higherprices. The number ofhouses on the market hasfallen to an eight-year low,and sales are up double di-gits. At the same time,home prices continue tofall.

At least a third of allhomes sales last year in-volved an investor, Cecalasaid, and they often paycash. Multiple offers are be-coming common on fore-closures and short sales,

which represented half of allhome sales last year. Andthere’s no sign that listingsof financially distressedproperties will abate any-time soon. The NationalAssociation of Realtors saidthat distressed homes ac-counted for 35 percent ofexisting-home sales in Jan-uary. Those distressed salesnot only put a drag on pric-es; they also make it verydifficult for appraisers tofind comparable sales tosupport higher prices ontraditional listings.

“Banks tend to be muchmore motivated to sellquickly because they haveholding and carrying costs,”Cecala said. “All that putsdownward pressure onprices.”

John McWhite, a salesagent with Minnesota-based Coldwell Banker Bur-net, said he recently workedwith a client who made afull-price cash offer of$65,000 on a Minneapoliscondo. It was one of threeoffers, but not the highest.But because it was cash andguaranteed to close, it wasthe winning bid. “Thathappens quite a bit,” hesaid.

Still, buyers need to re-member that there’s a limitto how low a seller will go,Saunders said. Not everyseller is going to favor cashdeals the same way.

The cash strategy doesn’twork all the time. An outra-geously low cash offer caneasily offend a seller, espe-cially one who has an emo-tional attachment to ahouse. And Ryan Kempen-ich, a sales agent for Cold-well Banker Burnet whospecializes in foreclosuresales, said that Fannie Maeand Freddie Mac favor first-time buyers or buyers whoplan to occupy the proper-ties they’re trying to sell.

Those who can’t offercash aren’t without op-tions. Sellers always lookfavorably on those offersthat don’t have a lot of con-tingencies. Jennifer Olstad,a sales agent for Keller Wil-liams who is also an experi-enced investor, said thatnoncash buyers shouldmake sure that they are pre-qualified for the mortgageand can offer a quick closedate.

MCT INFORMATION SERVICES

Cash offers rule in topsy-turvyhousing marketBY JIM BUCHTAStar Tribune

THE OKLAHOMAN | NEWSOK.COM SATURDAY, MARCH 24, 2012 . 5FREAL ESTATE

Q: I have 7 inches ofinsulation in the atticrunning between eachrafter. I’d like to addanother 6-7 inches.Would it make a differ-ence if I placed the newinsulation perpendicularto the already existinginsulation rather thanlay it the same way asthe present insulation isnow? Would that bebetter as far as keepingthe heat from escapingfrom the below livingarea?

A: Actually, it doesmake a difference. Initial-ly, your insulation battswere installed betweenthe ceiling joists, which isnormal. However, thatmeans that the woodjoists themselves are notcovered with insulation.Since wood has a lowerR-value than fiberglassinsulation, there’s actual-ly a long cold spot run-ning along each one ofthose joists, relative to theinsulation alongside it.(It’s one of the reasonswhy blown-in attic in-sulation creates a moreuniform insulation layer).

By installing your newinsulation batts perpen-dicular to the old ones,you now have the oppor-tunity to cover and in-sulate the ceiling joists,and you’re also coveringany gaps between the oldbatts. So installing thenew batts perpendicularto the old ones will defi-nitely result in a betteroverall insulation job.

Remember to use un-faced batts for your newinsulation so that youdon’t double up the vaporbarrier, and maintain atleast a 3-inch air spacearound older, non-IC-rated, recessed light fix-tures, masonry chimneys,and anything else thatproduces heat.

Q: I am remodeling abathroom. I do not wantto remove the walls if Ican help it. The wallshave texture on them.How do we remove (thetexture)? Or, better yet,can it be done? We wanta smooth surface butare not sure we will beable to get it withoutputting in new drywall.

A: Your best bet is acombination of sandingand skim coating. I typ-ically begin by giving thewalls a light sanding. Thisremoves the high spots inthe texture and roughensthe wall slightly. You canuse a pad sander andreplaceable sandpapersheets intended for dry-wall work, which you canbuy at any home center orhardware store.

Next, skim coat thewalls with premixed dry-wall joint compound. Youmay want to add a littlewater to the compound toget it a little thinner andsmoother.

Use a 12-inch drywalltrowel and apply thecompound lightly andevenly over all the walls,just enough to fill in thevoids between the highparts of the texture. Let itdry, then lightly sandagain to get the desiredsmoothness.

You may have to repeatthe process to be sure thewalls are completelysmooth.

Once the final coat ofcompound is completelydry, dust or wipe thewalls to remove any sand-

ing residue. Apply a coatof drywall sealer, andonce that’s dry you’reready for painting.

Q: My front doorswhen closed have a gapbetween them wheredraft and light passesthrough from top tobottom. The problem isthe gap is not equal allthe way down. Somespots are real tight,which causes difficultclosing of the doors inthe middle. Also, thelocks present a problemwhen closing the wood-en doors. The top andsides of the door jambare not a problem.

I have tried narrowstick-tape foam insula-tion in between wherethe doors meet, but theadhesion on the sticktape-type does not last.Constant open and clos-ing causes the tape tofall off. I even tried smallnails and staples, butthat did not help. Yoursolutions would be ap-preciated.

A: You mentioneddoors, so I’m assumingthis is a pair of doors.With double doors, you’llhave one door that’s nor-mally the active door (theone you use all the time)and one that’s the in-active door (the one that’salmost always closed).Between the two doorsyou need to have a pieceof molding called an as-tragal.

An astragal runs verti-cally the length of thedoors, and looks like a“T” when viewed fromthe end. The vertical barof the “T” is attached tothe edge of the inactivedoor, and half of the hori-zontal part of the “T”overlaps on the outside ofthe inactive door. Theactive door closes againstthe other half of the hori-zontal part of the “T.”

If your doors don’thave an astragal — andfrom what you describe,it doesn’t sound like theydo — then you need toadd one before you caneffectively add weather-stripping.

To do that, the doorsneed to be carefullyplaned to create an equalgap between them that’swide enough for the as-tragal to fit into, withenough clearance for theactive door to open andclose without binding.

After the doors areplaned and the astragal isattached, you can thenadd weatherstripping tothe astragal where theactive door meets it.

If you’re not comfort-able with the process oftaking the doors off theirhinges and planing themcorrectly, consider hiringa handyman.

Call a local door com-pany and ask for a recom-mendation. It should onlytake a couple of hours todo the job.

Remodeling and repair questions?E-mail Paul [email protected]. All productreviews are based on the author’sactual testing of free review samplesprovided by the manufacturers.

INMAN NEWS

PaulBianchina

HANDY @ HOME

Correct positioning is very importantto attic insulation

The nonprofit South Oklahoma CityCouncil of Neighborhoods Inc., has twohouses for sale and two others under con-struction.

The organization, at 2200 SE 59, hascompleted more than 30 houses since itsfounding in 1998 in its “mission to providehomes for low- to moderate-income fam-ilies,” spokeswoman Louise Elkins-Alexan-der said. “Our mission is to revitalizeneighborhoods.”

“We work closely with other housingagencies in the Oklahoma City area that

provide land to build new homes and mon-ey for down payment assistance. The qual-ity of our homes has garnered attentionfrom all over the city. We are proud that wehave been recognized as one of the best inOklahoma City for our dedication in help-ing underserved families and decliningneighborhoods,” she said.

Houses under construction are at 504 SE48, offered for $85,000, and at 721 SE 28,also offered at $85,000. The completedhomes are at 1413 S Fairmont, offered at$74,000; and at 537 S E 32, offered at$85,000. For more information, call LouiseElkins-Alexander at 306-2816.

Nonprofit has two houses for saleFROM STAFF REPORTS

Sooner Safe Room’sstaff is ready for its firstOklahoma City adventure.

The Okmulgee-basedcompany recently settledin its new Edmond digs —the first shot in a concertedeffort to go statewide, saidsales and marketing direc-tor Lisa Crandall — andcompany representativesare at this weekend’s OKCHome Show, which con-tinues through Sunday atState Fair Park.

They’ll have on handtheir 6-by-6-foot demoaboveground safe room forshow-goers to inspect.

“We’re very excitedabout it, very excited,”Crandall said.

Sooner Safe Room maybe new to the metro area,but the company has beenaround for 20 years,founded by Okmulgee na-tives James Allred, a civilengineer and concretecontractor, and ClarenceLeBlanc, who made aname for himself early onas a two-time worldchampion steer wrestler.They started manufactur-ing safe rooms about 10years ago, Crandall said.

“They’re from the area— they’re hometownboys,” she said. “And wetry to provide a productthat’s going to keep Okla-homans safe. We’re reallyproud of what we do.”

Sooner Safe Room’stypical product is an 8-by-8-foot safe room thatcan be cast in place duringconstruction of a home,included in an addition to ahome, retrofitted inside anexisting home, or built ad-jacent to a home bear anexist. Prices start at about$7,500.

The safe rooms’ thickwalls and triple-deadboltmetal doors prove populareven when storm season isover, Crandall said.

“People and pawnshopsare putting their guns andjewelry and stuff theydon’t want to leave in thestores overnight back inthere to lock them up,” shesaid.

One might have evensaved a marriage. SoonerSafe Rooms installed onesafe room right inside thehome, removing a bath-room window to allow ac-cess into what became awalk-in safe room-closet.The exterior was finishedoff with brick to muchmatch the rest of the house.

“It’s huge,” Crandallsaid. “She wanted a walk-

in closet, and he wanted asafe room — so they com-promised.”

Sooner Safe Rooms isamong some 200 vendorsand 500 experts at theOKC Home Show thisweekend. The show isopen from 10 a.m. to 9p.m. Saturday and 10 a.m.to 6 p.m. Sunday. Admis-sion is $9, with childrenunder 12 admitted free.

Experts include Okla-homa’s Rushing DesignGroup, which is showinghow to weave natural ele-ments and creativity into

water features, and OKC I-Coat, which is demonstra-ting concrete counter topand flooring overlay sys-

tems.Meanwhile, chefs from

local restaurants are man-ning the grill stage, offer-ing barbecuing tips andchoice samples, and localartists will be displayingtheir works in the art gal-lery — as well as creatingnew ones on the spot,sketching and paintingduring the show.

For Safe Room employ-ees, though, the weekendoffers a chance to meetnew neighbors and per-haps new customers.“They’re ready to grow thecompany and go state-wide,” Crandall said.

A safe room under construction by Sooner Safe Room. PROVIDED BY SOONER SAFE ROOM

A typical safe room by Sooner Safe Room. PROVIDED BY SOONER SAFE ROOM

Above ground safe room setfor OKC Home Show display

BY DYRINDA TYSONFor The [email protected]

James Allred Clarence LeBlanc


The Listing of the Weekis a tri-level home with apool, cabana and barn on2-plus partially woodedacres in southeast Ed-mond. Two horses are al-lowed in the neighbor-hood.

The 2,478-square-foothome at 12620 TeakwoodDrive has four bedrooms,2½ baths, two livingrooms, two dining areasand an attached two-cargarage. The family roomhas a fireplace and wet bar.The remodeled kitchen hasa bay window and break-fast bar. The master bed-room has a full bath andwalk-in closet. Secondarybedrooms have ceilingfans; two share a Jack-

and-Jill bath; and one hasa walk-in closet. Thehome has an open patio,storm cellar and under-ground sprinkler system.

The home has a newheating, ventilation andair-conditioning system.

The home, built in 1975,is listed for $294,900 withSara Jo Odom of KellerWilliams Realty.

The home is on thenorth side of NE 122, twomiles east of Interstate 35.

For more information,call 503-5057 or 948-7500.

Nominations for Listing of the Weekare welcome. Send information onsingle-family homes to The Oklahoman,Richard Mize, P.O. Box 25125, OklahomaCity, OK 73125. Nominations may befaxed to 475-3996.

LISTING OF THE WEEK

The Listing of the Week is at 12620 Teakwood Drivein southeast Edmond.

PHOTO PROVIDED

Tri-level homealso has pool,cabana, barn

Keystone arches meldharmoniously with ArtDeco-style window treat-ments to give the Tyndalean intriguing front facade.

This compact home iswell suited to the needs offamilies with young chil-dren, or empty nesterswishing to downsize andstill accommodate over-night guests. One of thebedrooms could also dou-ble as a home office. All onone level, the open floorplan is easily adapted forwheelchair accessibility.

Light spills into thefoyer through the decora-tive glass that fills both thearched transom and thedoor’s upper section. En-tering, you step into a foyerthat opens into a comfort-ably large and open vaultedfamily living area. Win-dows line the rear wall, anda fireplace stands ready toprovide a warm, colorfulfocal point when skies aredark.

A well-placed wall sec-tion puts the temporaryclutter of food preparationand cleanup out of visualrange of the dining-livingroom. At the same time,the kitchen is open to thesunny nook, with a view ofthe patio and the land-scape beyond. Pottedplants, as well as familyand friends, will thrive inthis bright, airy space.They’ll also enjoy snackingand conversing with peo-ple in the kitchen while

perched on stools at theraised eating bar thatfronts the sink and penin-sular counter.

Laundry appliances aremere steps away yet out ofsight. Garage access isequally close, convenientfor unloading groceries in

safety and comfort.Bedrooms cluster to-

gether on the left. Amen-ities in the Tyndale’s own-ers’ suite include a deepwalk-in closet and a pri-vate bathroom with dualvanity, a spa or soakingtub, and a separate shower.

The other two bedroomsshare the main bathroom.

A review plan of the Tyndale 30-337,including floor plans, elevations, sectionand artist’s conception, can bepurchased for $25 by phone, mail oronline. Add $5 for shipping and handling.Associated Designs, 1100 Jacobs Drive,Eugene, OR, 97402.www.associateddesigns.com. (800)634-0123.

HOUSE PLAN

Tyndalehas nicefrontfacade

REAL ESTATETHE OKLAHOMAN | NEWSOK.COM SATURDAY, MARCH 24, 2012 . 7F

DEAR BARRY: We live in acondo with foundation prob-lems. Repairs were supposedlydone before we bought the unit,but these were not done correct-ly. Now we have cracked wallsand some doors that do not fit.

The homeowners associationrefuses to make repairs. They saythe process could cause interiordamage to the adjoining condos,and this would not be for the“greater good.” Is there anythingwe can do, short of hiring an at-torney and having an expensivelegal battle?

AmyDEAR AMY: The choice to

wage a legal battle or to find areasonable solution depends ona willingness to be reasonable.The people on the board of theHOA don’t seem to realize this.They should accept their re-sponsibility to repair all exteriordefects, including foundationproblems. Their “logic” in deny-ing this obligation could be ap-

plied to any exterior repairs theymight choose to avoid.

As far as “greater good” isconcerned, structural integrityaffects the reputation of theproperty overall, and this servesthe greater good of all owners. Asfor “interior damage” to othercondos, it is the responsibility ofa competent building contractorto conduct foundation repairs inways that minimize such dam-

age. If unintended damageshould occur in the course of theproject, interior repairs shouldbe included in the scope of thework.

If the HOA will not accept thisresponsibility, an attorney maybe needed to convince them.

DEAR BARRY: We sold ourhome two months ago and re-paired all the items in the buyers’home inspection report. But onething was never mentioned.Years ago, the garage doors androof gutters were dented during ahailstorm. The dents were smallbut were plainly visible, so wedidn’t think to mention them inour disclosure statement. Thebuyers’ home inspector alsomade no mention of them in hisreport. Now the buyers are de-manding replacement of thedoors and gutters. Do you thinkwe should have to pay for this?

SibylDEAR SIBYL: If the damage is

merely cosmetic and was openly

visible to everyone, including thebuyers and their inspector, thenthe demand is unreasonable.Hopefully, the buyers will not tryto push the issue. At worst, theymight take the matter to small-claims court. If that should hap-pen, show the judge the homeinspection report, the purchasedocuments, and detailed photosof the garage door and rain gut-ters.

Stick to your guns. It doesn’tappear that you did anythingwrong.

DEAR BARRY: When webought our house three yearsago, there were two cracks in the

foundation. Our home inspectorsaid the cracks could be repairedwith epoxy. Now we have fivecracks, and the original oneshave gotten bigger. We also havesome settlement cracks in ourceiling. Did our home inspectormiss something? What can wedo?

MikeDEAR MIKE: The home in-

spector’s error was his recom-mendation. Unless he is a licens-ed structural engineer, he had nobusiness advising epoxy forfoundation repairs. Instead, heshould have advised you to con-sult a structural engineer for fur-ther evaluation of the cracks.

You should have an engineer-ing evaluation of the foundationas soon as possible. Then youshould notify the inspector of hiserror.

To write to Barry Stone, visit him on the web atwww.housedetective.com.

ACTION COAST PUBLISHING

BarryStone

INSPECTOR’S IN THEHOUSE

The choice to wagea legal battle or tofind a reasonablesolution dependson a willingness tobe reasonable. Thepeople on theboard of the HOAdon’t seem torealize this.

Association refuses to repair foundation


In home decor, there’s somethingabout the start of spring. When life’s re-newing itself outdoors, we feel the urgeto revive our interiors too.

This season, decor offerings are espe-cially upbeat.

Start with the palette. “Saturated” is aword being used a lot; it means ripe plumhues, intense tangerines, rich indigos,verdant greens, zingy turquoises, hotreds and peppy yellows.

Dee Schlotter, a color expert with PPGPittsburgh Paints, said exuberant orangeis No. 1 on her trend radar.

“It’s full of joy and playful,” saidSchlotter, who also cites Geranium Pinkas a hot hue.

“It goes really well with orange, andit’s a happy, girly color.”

Teal and turquoise are back after alengthy retirement, and with experiencein mid-century modern and traditionaldecor, they’ve got legs that will carrythem into fall.

Erin Olson loved the color familyenough to devote a blog to it; the Houseof Turquoise follows all things blue-green.

“What I love about turquoise is that itcan be paired with any other color, sinceit has both warm and cool undertones,”she said.

“My personal favorite is using turqu-oise as a fun punch of color to an other-wise neutral space. A turquoise throwpillow, lamp or rug will instantly bringnew life to your room, and can easily beswitched out.”

Crisp clean white’s a common coun-terpoint, but you’ll see black as a foil aswell.

Graphic prints pop in these bold col-ors: Zigzags and stripes are all over thehome accessories marketplace. So arelattice and ironwork prints, big and littleflorals and abstracts. African handblock,Moroccan and Silk Road patterns havecrossed over from last season.

Not a fan of bright? Look for a world ofcalming neutrals such as soft putty, grel-low (a gray/yellow blend), greige (a gray/beige), aqua, pewter, copper, vanilla andshell pink.

You’ll see lots of texture in this cate-gory: weathered wood, animal hide,burnished metals, burlap and gauzy cot-tons. Honeycomb patterns, naturalisticmotifs like twigs, leaves and birds, wa-tery Impressionist prints and airy floralssoothe the soul.

Neutrals are “taking the popular graytrend and moving it forward, by adding

warmth with natural materials like juteand linen, and then giving it a real punchby adding a sunny pop of yellow,” saidSherwin-Williams’ color marketing di-rector, Jackie Jordan.

Repainting walls in a fresh spring hueis one way to update a room, but if you’renot ready to commit in a major way,small changes can also alter a room’smood.

Try a lemony throw, clean white painttrim, a teal rug or sandy-toned drapery.

Go for a bright, candy-hued lampbase, and pick the color up again in a bigfruit bowl.

In the kitchen, replace cooking toolswith new ones in luscious tomato red.

Flor’s new spring collection of floortiles features Fedora, in a soothing pal-ette of dusty turquoise, oatmeal, walnutand flannel.

Used in a bedroom with lavender,cream or pale pink textiles, you’d wakeup to spring’s birdsong in the most se-rene of sleeping spaces.

Land of Nod has a cheery WatermelonStripe duvet cover in a rainbow of fruityhues, as well as the Dot Matrix rug, com-posed of hundreds of rolled felt balls likegumballs.

Black and white geometrics make adramatic statement — you’ll find themon dinnerware, patio umbrellas, candlesand awning stripes at Z Gallerie, includ-ing a very Jonathan Adler-esque vasemade of lacquered bamboo.

IKEA is offering its Expedit shelving infire engine red; there’s the new Varmdorocking chair in the hue, too.

From left, an Annie Black Bird chair in crisp black and white with a nature motif, by Z Gallerie Inc.; a large rounded Raya vase with black and white stripes, by Z GallerieInc.; a zigzag pattern dinnerware set, by Z Gallerie Inc.; and a Liliana chair featuring an ironwork pattern of gray and white, by Z Gallerie Inc.

BY KIM COOKFor The Associated Press

A Watermelon Stripe duvet cover, byThe Land of Nod. AP PHOTOS

Feeling optimistic? It might be because of decor

In this product image released by PPG Pittsburgh Paints, a wall painted in TangerineTango, an exuberant orange tone, is shown. AP PHOTO/PPG PITTSBURGH PAINTS

THE OKLAHOMAN | NEWSOK.COM SATURDAY, MARCH 24, 2012 . 9FREAL ESTATE

Smith & Pickel, 5901 NShartel Ave., ChesapeakeEnergy, parking garage,erect, $35,000,000.

Clyde Riggs Construc-tion, 525 Central ParkDrive, office, remodel,$1,000,000.

Crabtree CustomHomes LLC, 17800 PrairieSky Way, residence, erect,$734,000.

Cornerstone Homes ByChris Moock LLC, 2517Somerset Place, residence,erect, $470,000.

Phillips Partnership,2210 W Memorial Road,retail sales, remodel,$464,463.

Dodson Custom HomesLLC, 9100 Paseo del Vita,residence, erect,$389,500.

Dodson Custom HomesLLC, 10200 BerrywoodDrive, residence, erect,$389,500.

Wayne Long CustomHomes Inc., 13801 Portofi-no Strada, residence,erect, $350,000.

Dodson Custom HomesLLC, 10616 BerrywoodDrive, residence, erect,$336,500.

Beacon Homes LLC,16124 Evan Shaw Court,residence, erect,$330,000.

Landmark Fine HomesLP, 18608 Mesa Road, resi-dence, erect, $328,000.

R&R Homes LLC, 10716SW 35, residence, erect,$300,000.

Wayne Long CustomHomes Inc., 12601 LapisLane, residence, erect,$300,000.

Alliance Property De-velopment, 12313 HiddenForest Blvd., office, erect,$300,000.

Maccini ConstructionCo., 210 Park Ave., office,remodel, $245,000.

League Custom HomesLLC, 13208 NW 4, resi-dence, erect, $230,000.

Remington BuildersInc., 13508 Brampton Way,residence, erect,$230,000.

Mashburn Faires HomesLLC, 3204 SW 139, resi-dence, erect, $226,280.

Blue Ribbon Construc-tion LLC, 8801 NW 110,residence, erect,$225,000.

Prime Development,9213 NW 75, residence,erect, $223,000.

J.W. Mashburn Devel-opment Inc., 5617 NW 121Circle, residence, erect,$222,500.

League Custom HomesLLC, 13213 NW 4, resi-

dence, erect, $220,000.Oxford Homes LLC,

6209 NW 154 Terrace, res-idence, erect, $220,000.

American BuildingContractors & DevelopersLLC, 5608 CreekmoreDrive, residence, erect,$200,000.

Anderson & House Inc.,8300 Greystone Ave.,parking, install,$200,000.

Danny Yarbrough, 5236Horizon Blvd., residence,erect, $200,000.

Johnston Builders,12603 Deep Wood CreekDrive, residence, erect,$198,000.

D.R. Horton, 2300 NW156, residence, erect,$187,550.

D.R. Horton, 16200Wynchase Drive, resi-dence, erect, $185,000.

Taber Built Homes LLC,19209 Blossom Court, res-idence, erect, $180,000.

Country View HomesInc., 12500 Jerrad Lane,residence, erect,$180,000.

MJH Properties, 337 WWilshire Blvd., office-warehouse, erect,$175,000.

D.R. Horton, 11013 SW 38Circle, residence, erect,$173,600.

4 Corners ConstructionLLC, 5700 SE 148, resi-dence, erect, $170,000.

4 Corners ConstructionLLC, 5800 SE 145, resi-dence, erect, $170,000.

Monarch PropertiesLLC, 15517 Wood CreekLane, residence, erect,$170,000.

Two Structures LLC,8313 NW 143 Terrace, resi-dence, erect, $160,000.

American Fine Homes,10924 SW 30 Terrace, resi-dence, erect, $150,000.

Gary Owen, 2116Wheatfield Ave., resi-dence, erect, $150,000.

PGAL, 7100 TerminalDrive, retail sales, remod-el, $150,000.

D.R. Horton, 11012 SW40, residence, erect,$145,800.

Cutter Homes, 11744 SW21, residence, erect,$140,000.

Home Creations, 18201Groveton Blvd., residence,erect, $134,100.

Westpoint Homes, 15112Amber Run, residence,erect, $130,000.

Westpoint Homes, 6021NW 157, residence, erect,$130,000.

Precision Builders, 13801N Bryant Ave., restaurant,remodel, $125,000.

Home Creations, 16113Romeo Drive, residence,erect, $124,900.

Home Creations, 16112Romeo Drive, residence,

erect, $123,500.D.R. Horton, 4112 Shel-

ton Terrace, residence,erect, $122,500.

Ideal Homes of NormanLP, 304 Durkee Road, resi-dence, erect, $122,000.

Home Creations, 16204Romeo Drive, residence,erect, $114,100.

Two Structures LLC,2940 NW 30, duplex,erect, $110,000.


Rausch ColemanHomes LLC, 11800 NW132, residence, erect,$109,000.

Home Creations, 3512Morgan Creek Road, resi-dence, erect, $105,300.

Griffin Homes LLC,11745 SW 22 Terrace, resi-dence, erect, $105,000.



D.R. Horton, 11128 SW42, residence, erect,$101,700.

Alan Stuck CustomHomes, 11205 NW 7, resi-dence, erect, $100,000.

Alan Stuck CustomHomes, 724 Tall GrassDrive, residence, erect,$100,000.

Alan Stuck CustomHomes, 9313 Brian Lane,residence, erect, $100,000.

Rausch ColemanHomes LLC, 4712 HunterBlvd., residence, erect,$100,000.

D.R. Horton, 4109 John-son Farms Drive, resi-dence, erect, $96,900.

Ideal Homes of NormanLP, 18400 Abierto Drive,residence, erect, $96,000.

Home Creations, 16013Sonador Drive, residence,erect, $89,800.

Al Ramsey, 100 S LinnAve., automotive sales,erect, $75,000.

Cornerstone GroupLLC, 2013 Mark J Ave., res-idence, erect, $70,000.

Cornerstone GroupLLC, 11713 SW 21, resi-dence, erect, $70,000.

Al Ramsey, 100 S LinnAve., automotive repair-wash, erect, $65,000.

Cornerstone GroupLLC, 4905 SW 120 Ter-race, residence, erect,$65,000.

Cornerstone GroupLLC, 4901 SW 120 Terrace,residence, erect, $65,000.

Cornerstone GroupLLC, 2009 Mark J Ave.,residence, erect, $65,000.

Apollo Building Sys-tems, 2701 NE 24, parking,install, $50,000.

CCDC Inc., 728 S Mus-tang Road, recreation cen-

ter, remodel, $50,000.Destin Construction, 311

NW 122, office-ware-house, remodel, $50,000.

Hall (James E.), 10201Fawn Valley Drive, resi-dence, add-on, $50,000.

Miller Investment, 125Park Ave., office, remodel,$49,656.

Clark Construction,1226 NE 63, restaurant, re-model, $46,400.

Rightfit Home Im-provement, 3140 Rose-wood Lane, residence,add-on, $33,825.

Four Seasons Sun-rooms, 3812 Seaward Cir-cle, residence, add-on,$33,716.

Chris Carter, 5341 AspenDrive, storm shelter, in-stall-storm shelter,$32,000.

Champion Window Co.,14605 Longford Way, resi-dence, add-on, $29,000.

Southwest Builders,11217 Kingsgate Drive, resi-dence, add-on, $28,100.

Robert and Brenda Col-lins, 14525 W Reno Ave.,manufactured home,move-on, $25,000.

Callahan Steel Buildings(Curt), 15601 PompeyaLane, residence, add-on,$20,000.

Oklahoma City Zoolog-ical Trust, 2101 NE 50, ac-cessory, install, $20,000.

Oklahoma City Zoolog-ical Trust, 2101 NE 50, ac-cessory, install, $20,000.

Vortech Storm Shelters,2101 NE 50, accessory, in-stall, $20,000.

Trang Nguyen, 9003 NWestern Ave., retail sales,remodel, $20,000.

Builders Warehouse,7137 NW 10, retail sales, re-model, $18,000.

Gibraltar ConstructionInc., 17300 Triana Drive,residence, add-on,$15,000.

Gober Construction,3200 S Richland Road,storage, erect, $14,000.

No name provided, 10700S Pennsylvania Ave., busi-ness, remodel, $12,000.

Bill’s Pavement Mainte-nance, 7729 SW 34, park-ing, install, $10,000.

Christi D. Sikes, 5212Harmon Drive, manufac-tured home, move-on mo-bile home park, $9,500.

Southwest Builders,1020 Westbury Terrace,residence, add-on,$8,800.

Alloy Building Co., 2401NW 23, canopy-carport,erect, $8,300.



Timoteo Martinez-Ca-

nedo, 2237 SW 22, resi-dence, remodel, $6,000.

Wintergreen LLC, 544SW 27, accessory, erect,$5,800.

Mike Wilcox-OklahomaRehab Inc., 430 NW 10,medical clinic-office, re-model, $5,300.

Robert and Brenda Col-lins, 14525 W Reno Ave.,accessory, erect, $5,000.

Scott and Danelle Van-nest, 1308 SW 133, stormshelter, install-storm shel-ter, $5,000.

James Clark, 12117 QuailCreek Road, storm shelter,install-storm shelter,$4,895.

Donald and Brenda Do-bey, 12201 Sherrie ElaineDrive, storm shelter, in-stall-storm shelter,$4,600.

Coy Ivey, 19408 Dan-forth Farms Blvd., stormshelter, install-storm shel-ter, $4,595.

David Booth, 6217 SE 56,storm shelter, install-storm shelter, $4,595.

Jim Mitrougenis, 705Greenfield Drive, stormshelter, install-storm shel-ter, $4,595.

Nancy Owens, 13506 FoxHollow, storm shelter, in-stall-storm shelter,$4,595.

Hicks Avery Smith IV,18200 Allora Drive, stormshelter, install-storm shel-ter, $4,400.

Gordon T. Rupert Jr.,7307 NW 105, storm shel-ter, install-storm shelter,$4,375.

Myrna Newman, 15905Teesdale Road, stormshelter, install-storm shel-ter, $4,150.

Colby Hall, 4708 SW122, storm shelter, install-storm shelter, $4,000.

Don Robinett, 10613 WCountry Drive, stormshelter, install-storm shel-ter, $4,000.

Linda Kincaid, 1617Country Place Road, stormshelter, install-storm shel-ter, $4,000.

Mike Bradburry, 3109Hampshire Lane, stormshelter, install-storm shel-ter, $4,000.



Ron Oldham, 3030 NW73, storm shelter, install-storm shelter, $4,000.

Terry and Vikki Cling-man, 1125 NW 199, stormshelter, install-storm shel-ter, $4,000.

Tyler Strain, 5601 NW162, storm shelter, install,$4,000.

No name provided, 4100Spindle Ridge Drive, storm

shelter, install-storm shel-ter, $4,000.

Charles Reece, 2633 SW108, storm shelter, install-storm shelter, $3,995.

Joshua Hodges, 15836Big Cypress Drive, stormshelter, install-storm shel-ter, $3,995.

Mirza Asif Beg, 15208Misty Park Drive, stormshelter, install-storm shel-ter, $3,995.

Vortech Storm Shelters,6413 Urschel Court, stormshelter, install-storm shel-ter, $3,995.

Wayne L. and PamelaCosta, 4705 NW 156, stormshelter, install-storm shel-ter, $3,995.

Tina and Bryan Britt,10408 Bayberry Drive,temporary building, in-stall-storm shelter, $3,925.

Micheal Aaron Eslinger,12109 SW 3, storm shelter,install-storm shelter,$3,800.

Richard Kuebler, 4141 WReno Ave., storm shelter,install-storm shelter,$3,800.

Carolyn Fulton, 12408NW 3 Place, storm shelter,install-storm shelter,$3,400.

Julie Gathright, 17025Hardwood Place, shellbuilding, install-stormshelter, $3,395.

Timothy Land, 16309Napa Circle, storm shelter,install-storm shelter,$3,395.

Jana Gravett, 13614 PinOak, storm shelter, install-storm shelter, $3,350.

Janet Rusche, 8608 NW74, storm shelter, install-storm shelter, $3,300.

Randy Franklin, 2805Morgan Trace, storm shel-ter, install-storm shelter,$3,300.

Thomas Byers, 12816 SW54, storm shelter, install-storm shelter, $3,300.

Walter K. Watson, 7224Sears Terrace, storm shel-ter, install-storm shelter,$3,300.

Herbert and DianaKramer, 12328 SouthgateDrive, storm shelter, in-stall-storm shelter,$3,295.

Guy and Keren Dunklee,333 Cypress Drive, stormshelter, install-storm shel-ter, $3,200.

Herbert Danielson,8404 Lakeaire Drive,storm shelter, install-storm shelter, $3,200.

John Simpson, 2708Cambridge Court, stormshelter, install-storm shel-ter, $3,200.

Mandy Melendez, 13921Teagen Lane, storm shel-ter, install-storm shelter,$3,200.

Permits

SEE PERMITS, PAGE 10F

905 SW 1st 3/1 $625Free List 681-7272

3bd 1.5ba 2car 1300sf,1.6 acres $850 mo+ DepHome&RanchRlty794-7777

Nice 4bed 2 bath229 NE 16th $1100mo

405-406-0565

KAT Properties-Apt &Homes for rent. Scan

this with your phone app

11729SndncMtn3/2/2 $15506704 NW 124 3/2/2 $10956018PlumThckt4/3.5/2$199514319 N Penn 2/2.5 $950Express Realty 844-6101www.expressrealtyok.com

3232 Brushcreek, inQuail Creek on the golfcourse, 3 bed, 2.5 bath,2 car, 1 FP, $1875 mo,$1500 dep. ¡ 831-0825

Summerfield, 4521 DoveTree Lane, 3 bed, 2 bath,2 car, fireplace, woodfloor, new carpet, 720-7075 or 659-0441.

12420 Springwood Dr4bed 2.5ba 2car $1250mo$1250/dep 2300sf 2living2 din 409-7989 no sec 8

7032 Stony Creek, 3/2/2fp, fenced, NO Pets $975mo$900dep, Move in mid May

TMS Prop 348-0720

Welcome Home! 1, 2 & 3bdrm homes avail. Call

now. for appt. 831-4183

1514 NW 17th 4 bed 2ba2car 1920sf $1150/mo$900dp 409-7989 no sec8

3/2N /2 PCN, 2 story, PetOk. Exc Cond $1200 neg +

dep, 1-866-663-0149

1719 NW 1st 1/1 $350Free List 681-7272

Owner carry, 3712 SE 48PL, Mid-Del sch. 1472’,3/2/2, like new. 650-7667.www.homesofokcinc.com

221 SE 57th nice 2bdhome, fresh paint, clean,

nice area. Only $450!!Fidelity410-4300, 692-1661

3028 Parker Dr 3bd/1ba,din rm 1car $600+dep Nopets 672-2121/301-2723

1415 SW 77th TerraceNice 3bd home with

Florida room 1.5ba 1car,ch/a, Fidelity RE

410-4300, 692-1661

4 bedroom house.412 SW 12th St.

$825/ month, $300 depositSection 8. Call Kevin

213-5168

637 SW 46th nice 2bdhome, well kept area,ch/a, detached garage,$550 mo. Fidelity RE410-4300, 692-1661

2837 SW 82nd 3/1/1 $725Free List 681-7272

Cotton Wood Ridge Condo2bd 1.5ba 900sf Amazingmust see, fireplace, ch/a,New Stove & Dishwasher,Stackable Washer/Dryer$750/month $600deposit409-7989 No Sec 8

Brookstone Lakes 3/2/2:no sec 8 3225 Tinkeller Ct;10616 SW32nd; from $1000mo$500dep Maria 618-0563

2bd, 1ba, w/appls incl. +W&D, Edmond Schools,storage shed. No pets.348-6240 or 623-1181

3 bed/2 bath$725 month in Oak RidgeLot rent/lawn serv included

Edmond 341-9209

Rent to Own: Nice 2&3bdMWC $350&up 390-9777

PIEDMONTOPEN SAT 2-4 & SUN 2-5Model home. New hms

on 1/2 ac lots. From NWExpwy & Sara Rd go 4.5mi N Cleaton & Assoc

373-2494

1N to 10A, E. of OKC,pay out dn. before 1st pmt.starts, many are M/H readyover 400 choices, lg trees,some with ponds, TERMS

Milburn o/a 275-1695paulmilburnacreages.com

OWNER FINANCING1-10 Acres

Many LocationsCall for maps405-273-5777

www.property4sale.com

Call for Maps! See whywe sell more acreagesthan anyone in Okla.

E of OKC. o/a 275-1695

In Country 5 acres, Nice,consider financing. Owner

360-6586 or 590-4367

Land & HomeHughes County 360

acres, 3/2 home, JD trac-tor with implements,

ATV, UTV for sale.Abundant deer and

turkey. $1250 per acre.918.706.3740

18305 English Oak Lane,3BR 2.5BA 2car, 1926sf.

Complete remodel byinterior decorator.

$164,500 405-410-8873

NE Edmond, WagonWheel Addn 2000 Sq FtRemodeled Home on 1.5

ac lot. New Crpt inall BR, lrg LR, Hardwoodflrs, frpl & mantle, Oak

Library paneling, lrg Cov-ered Porch, 3 Car Gar,

$228,900. 405-473-9661call after 3pm, can show.

PUBLIC AUCTION9104 Jennifer Place

Sunday April 153B 11/2B Brick Home

Open House3/25 2-5pm

www.tillmansauction.com405-542-3837

TILLMAN AUCTION

OWNER FINANCING$2000 down No Credit Ck522 E Douglas Dr. $49K¡596-4599‘ 410-8840¡

Immaculate 4/2/3, blt 2008granite, SS appls$168,000Realty Experts 414-8753

Newly remodeled home,4016 NW 33rd, $78,500,appointments only, oropen house, Sun, 2-5PM,call Don, 405-370-2910.

Updated Brick 3/1 carport& extra prkng, roof 2011,ch/a, wood floors $84,000Realty Experts 414-8753

2813 SW 60 Completelyremodeled 3bd 1.5ba ch/abrick home 2 living areas.Call for details!! $68,000Fidelity410-4300, 692-1661

Bank Owned Updated 3/2new carpet/pnt ch/a $44.9KRealty Experts 414-8753

PIEDMONTOPEN SAT 2-4 & SUN 2-5Model home. New hms

on 1/2 ac lots. From NWExpwy & Sara Rd go 4.5mi N Cleaton & Assoc

373-2494

160 acres, 1/2 hour NEof OKC. Will divide.Call 920-284-5911

Double Your Tax Refund!!Double your money or useyour land/family land forZERO down. New & RepoHomes. $2500 Furniturepackage w/new purchase.

Free phone app. WAC405-631-7600

Cash 4 Clunkers!!Trade your used home in

for a new home withZero Down! Get up to$25,000 for your used

home. WAC 405-631-7600

312 S. CarneyCarney, OK

3bd/2bth Mobile Homeon large lot

Woodlake Properties273-5777

Abandoned D/W Reposet up on 5 Acres!! Readyto move in. Free phone

application 405-631-7600

3bed $3k-$5k down = URapproved to OWN

405-577-2884

Huge 4 Bed. REPO$629/mo. wac405-324-8000

28x60 American 4/2/2 dinlaundry, 10213 Park Rd,Edm $24K 405-205-9175

$325/mo. New2bdw/deckFinancingavail.FREE phone

app. 405-324-8000

Rent to Own: Nice 2&3bdMWC $350&up 390-9777

2,135± sqft Custom BrickHome w/Acreage

RV Garage & WorkshopChickasha, OK

REAL ESTATEAUCTION

MON. MARCH 26th 10AMOn-Site

2455 County Street 2870866-874-7100

LippardAuctions.com

FRI, MARCH 30TH, 2PM168 Ac, Red River land»» 580-875-6500 »»www.highsauction.com

I BUY HOUSESAny condition. No cost

to U 410-5700

I BUY & SELL HOUSES27 YRS EXP 650-7667

HOMESOFOKCINC.COM

Wyndham ResortVacation time share

154,000points. stay atthousands of places,

maintenance fees$38/mo paid in full for ayear. will pay all closingcosts. $500 obo or will

trade for deer rifle.405-485-3631

Lake Front Fully Furn.Cedar Lake. Summer orWinter fun! Woodburn-ing stove, Boat, PrivateDock. Updated Cabin.

Less than 1hr from OKC.Pictures and info @

www.OHAIRART.com$64,500. Call 921-9203

ARBUCKLE LAKE New3bd 2ba custom Homegreat lake view $114,000580-222-5449 405-238-0900

5 acres at Lake Eufaula,OK, water, electric, nearboat ramp, 918-452-3196

RESTAURANTGreat for Food Truck

prep kitchen or anyonewanting a food business,many possibilities. Nice

furn & equip. 5404 S.Shields OKC $135,000

Owner will finance.405-712-1411

Four CommercialCar Washes For SaleLocated in Lindsay,

Pauls Valley and Davis,Oklahoma.

30 day offering.Inquire at [email protected]

for details

2144 SW 61st St. ¡ 2bd,1ba, den Rental potential$700mo $58,900 692-5596

PRIME RETAIL LOCATIONI-35 frontage, showroom,

offices, warehouse10,800sf ¡ 8801 S. I-35Dale or Mike, 631-4447

Gorgeous 2132 sq ftOffice

and nice 960 sq ft officeavailable at Castlerock

Business Plaza inMustang, OK.

Call 580-243-0624

7608 N Western AveRetail/Office space, up

to 2200sf avail, 370-1077

GREAT Office SpaceVarious NW locations300-6000sf 946-2516

4000sf Warehouse w/ofc, heat & air, 1600sffncd yrd $1750mo + dep.10901 NE 23rd St, BldgC, Nicoma Park 630-0394

K Office, K Warehousefor lease. Various sizes.

221 W Wilshire 842-7300

MOVE IN NOW!Pd. water/garbage Quiet.Try Plaza East•341-4813

» Free Rent 'til May »1&2bedrooms. Spring TreeApartments. 405-737-8172

Free Month Rent! 1&2bdQUIET! Covered ParkingGreat Schools! 732-1122

Freshly Renovated 2 & 3bed apts. Sec 8 ok. NowAcc. 1 bd vchr for 2bd.Call 475-9984 for info.

$100 Off1st Mo Rent 1&2 BedroomsFurnished & Unfurnished

NEWLY REMODELEDGATED COMMUNITYCAVE CREEK

ON ROCKWELL3037 North Rockwell

495-2000

$200 off1st Mo Rent Selected Units

LARGE TOWNHOMES& APARTMENTS

• Washer, Dryers, pools• PC Schools, fireplacesWILLIAMSBURG

7301 NW 23rd

787-1620

FREE RENT TIL MAYNewlyremodeled1,2&3beds,Putnam Green,405-721-2210

804 NW 21stMesta Park 2bed 1ba1000sf $675mo $300depdishwasher free laundry409-7989 no sec 8

Florence 429 NW 11thMidtown Studio, GraniteCounters, CHA, FreeLaundry $675mo $400dep409-7989 No sec 8

$9 APP FEE$239 FIRST MONTH

ALL BILLS PAID293-3693

DREXEL ON THE PARK

$9 APP FEE$199 FIRST MO RentNew apts - Old prices

455-8150THE BELMONT

$9 APP FEE$199 FIRST MO RentLive Large, Live Here

416-5259TUSCANY VILLAGE

Quiet CasadyLow Rents $475 751-8088

Plaza Apts – Art Deco1744 NW 17 1bed 1bathStarting at $550/month$250dp 409-7989 no sec8

Briargate 1718 N Indiana1bd, 1ba, 800 sf, woodfloors, all elect, $550 mo,$250dp 409-7989 no sec8

Furnished/UnfurnishedBills Paid» Wkly/MonthlyWes Chase Apts, Elk HornApts, Hillcrest 370-1077

MAYFAIR Great location!1/2 bd W/D hdwd flr quietsecure ngbrhood¡947-5665

•ABC• Affordable, Bugfree, Clean » 787-7212»

800 N. Meridian 1bdAll bills paid 946-9506

»»»»»»»»»»»»»» Bills Paid 681-7561 »» 1 bd From $550 Move»» 2 bd From $650 In»» 3 bd From $740 Today»» Call for Special »»»»»»»»»»»»»

$99 SPECIALLg 1bdr, stove, refrig.,clean, walk to shops.$345 mo. 632-9849

Furnished/UnfurnishedBills Paid» Wkly/MonthlyWes Chase Apts, Elk HornApts, Hillcrest 370-1077

$99 Move In Special!!!Lg 1 and 2 Bdr, $345 to

$420 mo. 632-9849

»»»»»»»»»»»»»» Bills Paid 354-5855 »» 1 bd From $550 Move»» 2 bd From $650 In»» 3 bd From $740 Today»» Call for Specials »»»»»»»»»»»»»

3528 NW 51st gas, waterpaid 2 bed 1K bath$600 mo. 748-8520

redbudrealestate.com

» Large 2 bd » 2 K ba »1500 sf, fp, wet bar, 2 car,PC Schools » $850/mo,

No Section 8. 831-82189004 Roxbury Terr, OKC

2827 NW 20 1bed 1baduplex 800sf $575/mo$375 deposit 409-7989no sec 8, no pet, no smoking

PC schls, no sec 8, 3/2/21600' 6418 Galaxie Dr.Appt only $875 843-5853

3BR, 1.75BA, gar, PCSchools, back yd. $875 +dep. App fee. 408-3074

» 12109 Windmill Rd PCN3bd, 2ba, 2car, appls, fp,

nice, $895 avail. 721-1831

Cottage Park567 Walker Dr Newcastle

Brand New 1 & 2 bedsfor active seniors

62 and above.MOVE IN BY MAR 31ST

FOR ONLY $99!LIMITED AVAILABILITY

(Income restrictionsdo apply)

''Equal Housing Opportunity''Handicap Accessible

877-250-2332, Ext 150

3bd 2ba 2car fncd backyard 425 NE 21st

Newcastle No sec 8$1400 Maria 618-0563

NICE 3bd 2ba 2car No sec8. $950mo $500 dep.

Maria 618-0563

Duplexes, 3 bed, 2 bath, 2car, some new, some gat-ed, call Rick, 405-830-3789.

Bills PaidFurnished/Unfurnished

Weekly/Monthly 370-1077

4016 Thomas Ave 2/1 $495Free List 681-7272

712 Scott 3/2/2 $89518300 Tambor 3/2/2 $10952013 NW 176 3/2/2 $119518112CalleWay3/2/2 $1250Express Realty 844-6101www.expressrealtyok.com

513 E. Boeing2 bed 1 bath, fncd. bkydch&a, w/d hook-up with

appliances. 405-570-5865

9317 NE 14th 3/1.5/1 $575Free List 681-7272

OKCNortheast 474

OKCNorthwest 475

OKCNorthwest 475

OKCSoutheast 476

OKCSouthwest 477

Norman 473

Yukon 482

Mobile HomeRentals 483

Acreage For Sale 302

Farms, RanchesFor Sale, Okla. 308

RE for sale

Edmond 314

Edmond 314

MWC 317

Moore 318

OKCNorthwest 324

OKCSouthwest 326

Open Houses 334.2

IndustrialProperty 336

Mobile Homes, Manufactured Houses 339

Real EstateAuctions 342

Real EstateNotices 345

Real EstateWanted 346

Vacation PropertyFor Sale 347

Commercial RE

Commercial Property For Sale

Investment Property For Sale 355

Business Property For Rent 360

Offi ce SpaceFor Rent 363

Warehouse SpaceFor Rent 363.5

Apartments

Edmond 422

MWC 424

OKCNortheast 430

OKCNorthwest 431

OKCNorthwest 431

OKCSouthwest 433

Yukon 438

Condominiums,TownhousesFor Rent 441

Duplexes

OKCNorthwest 453

OKCNorthwest 453

Tuttle/Newcastle 459

Yukon 460

Hotels/Motels 462

RE for rent

Del City 465.5

Edmond 466

MWC 468

Moore 469

Newalla 471


Romolo Giudice, 2220 NW 157Terrace, storm shelter, install-storm shelter, $3,200.

Vernon Belcher, 4933 NW 31Ter-race, storm shelter, install-stormshelter, $3,200.

Henry Felkins, 13617 KeswickLane, storm shelter, install-stormshelter, $3,100.

Kevin McCarthy, 7000 N OmahaAve., storm shelter, install-stormshelter, $3,100.

Russell and Angela Muncy, 14308Almond Valley Drive, storm shelter,install-storm shelter, $3,100.

Alvin Giebler, 8301 NW 66,storm shelter, install-storm shelter,$3,000.

Anthony Ruggeri, 16405 ClearCreek Drive, storm shelter, install-storm shelter, $3,000.

David Burchett, 1308 SW 132, res-idence, add-on, $3,000.

Gerard R. and Bobbi-Jo Ives, 501NW 154, storm shelter, install-storm shelter, $3,000.

John Hare, 12501 Fox Run Drive,storm shelter, install-storm shelter,$3,000.

John Leach, 9316 NW 133 Court,storm shelter, install-storm shelter,$3,000.

Linda Hatfield, 12218 High Mead-ow Court, storm shelter, install-storm shelter, $3,000.

Marty Chisum, 11617 NW 114,storm shelter, install-storm shelter,$3,000.

Monty Zwanziger, 11317 RandwickDrive, storm shelter, install-stormshelter, $3,000.

Robert Murphy, 2709 SW 123,storm shelter, install-storm shelter,$3,000.

Shayne Hudeon, 19221 BlossomCourt, storm shelter, install-stormshelter, $3,000.

Sherry Solano, 4804 SE 86 Ter-race, storm shelter, install-stormshelter, $3,000.

Tim Anderson, 8300 NW 66,storm shelter, install-storm shelter,$3,000.

Deborah Nossaman, 1201 S East-ern Ave., retail sales, remodel,$3,000.

Daniel Reuter, 10001 Goodman,storm shelter, install-storm shelter,$2,995.

Hoa Nguyen, 16621 Sunny Hol-low Road, storm shelter, install-storm shelter, $2,995.

Jennifer and Jake Burgess, 7708Meadow Lake Drive, storm shelter,install-storm shelter, $2,995.

Koji Omori, 17400 Golden HawkLane, storm shelter, install-stormshelter, $2,995.

Lester Roland, 2704 NW 170 Ter-race, storm shelter, install-stormshelter, $2,995.

Michael Giordano, 10300 Ash-ford Drive, storm shelter, install-storm shelter, $2,995.

Myriam Osorio, 15109 StoneMeadows Drive, storm shelter, in-stall-storm shelter, $2,995.

Reginald and Monique Basil, 2716NW 172, storm shelter, install-storm shelter, $2,995.

Richard Teel, 13605 LegacyCourt, storm shelter, install-stormshelter, $2,995.

Robert Elbah, 17321 Triana Drive,storm shelter, install-storm shelter,$2,995.

Roger A. Garrett, 3209 SW 86,storm shelter, install-storm shelter,$2,995.

Toby Neff, 4205 ShimmeringCourt, storm shelter, install-stormshelter, $2,995.

D.R. Horton, 9608 Squire Lane,storm shelter, install-storm shelter,$2,995.

Jennie Sydnes, 14733 RochefortLane, storm shelter, install-stormshelter, $2,900.

Joan Zubik, 8405 Lakeaire Drive,storm shelter, install-storm shelter,$2,900.

Mike Brown, 11129 SW 42, stormshelter, install-storm shelter,$2,900.

Rex Dye, 8324 NW 75, stormshelter, install-storm shelter,$2,900.

Michael Wooldridge, 16912 Brad-bury Circle, storm shelter, install-storm shelter, $2,825.

Alexandria and Alyson Dent, 1433SW 67, storm shelter, install-stormshelter, $2,800.

Avis B. Williams, 5912 SE 88,storm shelter, install-storm shelter,$2,800.

Jose Herrera, 532 SE 26 Circle,storm shelter, install-storm shelter,$2,800.

Kevin Mashburn, 17301 HawksTree Lane, storm shelter, install-storm shelter, $2,800.

Terri Bright, 18233 Piedra Drive,storm shelter, install-storm shelter,$2,800.

Dee Cure, 2328 NW 196, stormshelter, install-storm shelter,$2,795.

Kenneth and Barbara Shahan,1021 Pruitt Drive, storm shelter, in-stall-storm shelter, $2,795.

Vicki Newby, 6309 S McKinley

Ave., storm shelter, install-stormshelter, $2,795.

Wei Zhang, 1404 NW 179, stormshelter, install-storm shelter,$2,795.

Wenxin Wu, 1617 NW 182, stormshelter, install-storm shelter,$2,795.

Daniel Olson, 9109 NW 92,storm shelter, install-storm shelter,$2,725.

Brian Burton, 3725 Winds WestCourt, storm shelter, install-stormshelter, $2,700.

Joseph S. Miano, 2704 NW 120,storm shelter, install-storm shelter,$2,700.

Ruchi and Banani Chakrabarty,761 SW 157, storm shelter, install-storm shelter, $2,700.

D.R. Horton (Flatsafe), 16221Wynchase Drive, storage, install-storm shelter, $2,700.

Manuel Leo Cater, 1937 NW 172,storm shelter, install-storm shelter,$2,550.

Alloy Building Co., 2920 NW 43,canopy-carport, add-on, $2,500.

Alloy Building Co., 2508 PineAve., canopy-carport, add-on,$2,500.

Beta Oil Co., 4900 N MeridianAve., storm shelter, install-stormshelter, $2,500.

John Showman, 13516 SE 134,storm shelter, install-storm shelter,$2,500.

Richard Tannehill, 3807 S Mag-nolia Ave., storm shelter, install-storm shelter, $2,500.

Steve Briggs, 15608 CanyonRoad, residence, install-stormshelter, $2,500.

Ronald Crumpacker, 10101 Lara-mie Road, storm shelter, install-storm shelter, $2,470.

Stephen Newby, 2509 SW 102,canopy-carport, add-on, $2,083.

Dora Martinez, 1409 SW 23, ca-nopy-carport, erect, $2,000.

Timberlake Construction, 133NW 122, temporary building,move-on, $2,000.

Teresa Gutierrez, 1100 SW 40,accessory, remodel, $1,500.

Bockus Payne Associates, 9800N Oklahoma Ave., office, supple-ment, $1,000.

DemolitionsMidwest Wrecking, 1411 N Clas-

sen Blvd., office building.Midwest Wrecking, 5022 N

Western Ave., store.Ted Mlynek, 3925 SE 59, resi-

dential storage.K&M Wrecking LLC, 5401 S

Hattie Ave., office.M&M Concrete & Wrecking

Inc., 320 N McCormick Ave.,warehouse.

Permits continuedFROM PAGE 9F

HACKENSACK, N.J. — As in-terest rates have slid over thepast couple of years, GabrielBousbib, of Englewood, N.J.,refinanced his 15-year mort-gage not once, but twice, cut-ting his interest rate in twosteps from about 4.6 percentto 3.375 percent.

He’s one of a number ofhomeowners who refinancedjust a year or two ago but de-cided it was worth consideringagain as mortgage rates hit re-cord lows — now averagingabout 4 percent for a 30-yearloan.

“When you’re quoting ratesin the high 3s, people are say-ing, ‘It’s worth it to me,’ ” saidSteve Hoogerhyde, executivevice president at Clifton Sav-ings Bank.

“My monthly savings aregoing down a few hundreddollars; it adds up over 15years,” said Bousbib, a finan-cial services executive. “And ifrates keep going down, I wouldrefinance again.”

Refinance applications havemore than doubled over thepast year, though they’re notas high as in previous refi-nancing booms because it’sharder to qualify in the currentatmosphere of tighter creditstandards, according to theMortgage Bankers Associ-ation. With the volume ofhome purchases still low, refi-nancing accounts for about 80percent of recent activity.

Although the old guidelineused to be that you shouldconsider refinancing onlywhen rates drop at least 2 per-centage points, the new wis-dom is that it can be worth-while even with smaller drops.

“For most people, if you canshave three-quarters of a per-centage point off your interestrate, it’s worth looking at,”said Greg McBride, an analystwith Bankrate.com, a personalfinance website.

For homeowners who planto stick with the same loanterm and want to lower their

monthly payments, the mathis straightforward. Find outhow much it will cost to refi-nance, figure out how muchyou’ll save each month andthen how long it will take tobreak even. If you can saveenough to offset the refinanc-ing costs within a year or two— or even longer if you expectto stay in the house for a num-ber of years — it’s worth con-sidering.

Though low-interest ratesare eye-popping low, the refi-nancing climate has changedfrom the easy-money days offive years ago. Generally, to getthe best rates, homeownersneed a 740 FICO credit score,well above the median score of711. They also usually need atleast 10 to 20 percent equity inthe property. A recent expan-sion in the federal Home Af-fordable Refinance Programshould allow refinancing thisyear by more so-called under-water borrowers — those whoowe more than their homesare worth.

Lenders are also demandingmuch more documentation —including pay stubs, tax re-turns and bank statements —than they did five years ago, atthe insistence of governmentregulators, as well as FannieMae and Freddie Mac, whichbuy mortgages from lenders.

“You have to have a taste fordoing paperwork,” said KeithGumbinger of HSH Associ-ates, a Pompton Plains, N.J.,company that tracks mortgagedata.

“You’re going to be askedfor lots of documents. No oneloves the process to beginwith, and in today’s environ-ment, it’s even less palatable.”

These stricter requirementsare simply a return to the kindof underwriting standardsthat prevailed before lendingstandards slackened, leadingto the housing bust and fore-closure crisis, McBride said.

“We’re in this mess becausemoney was too easy to get,” hesaid.

MCT INFORMATION SERVICES

Low rates spurrefinancing boomBY KATHLEEN LYNNThe Record

The Oklahoman Real Estate

Documents

Transcript of The Oklahoman Real Estate