Is NOW a good time to buy a Tulsa home for sale?

Is NOW a good time to buy a Tulsa home for sale?

Whether or not NOW is a good time to buy a Tulsa home for sale is probably the question Tulsa Realtors are most often asked.  My answer to this question is unequivocally, “YES!”

John Paulson was quoted this past fall, “If you don’t own a home, buy one. If you own a home, buy another one. And if you own two homes, buy a third and lend your relatives the money to buy a home.”

Interest rates are still at an all time low. As of this writing, interest rates are still below 5%, and I have midtown Tulsa home buyers closing tomorrow on their Tulsa home for sale that locked in under 4%. Compared to a 7% or 8% interest rate, do you realize how much MORE of a Tulsa home for sale you can afford with these historically low rates?

good time to buy Tulsa home for saleThe inventory of Tulsa homes for sale is high, so a Buyer has much from which to choose. Regardless of price range, a Buyer will have a significant number of choices depending on search criteria.

Is NOW a good time to buy a Tulsa home for sale?

What is your next step? Call a Lender. Call a LOCAL Lender and find out the amount for which you can qualify to purchase a Tulsa home for sale. Is the area in which you are searching eligible for Rural Development financing which requires ZERO down-payment (parts of Owasso are, for example!)? Are you a first-time home buyer eligible for state bond money which will pay your required 3.5% down payment? Are special programs available to home buyers based on your occupation? You won’t know the answers to these questions until you call a Lender.

Bank of Oklahoma, Phillip Morrow, 918-488-7147
Spirit Bank, Deidre Robinson, 918-746-7363
F & M Bank, Kyle Bradley, 918-748-7187
Elite Financial Services, Elizabeth Favell, 918-392-3485
First Mortgage, Hazel White, 918-496-2241

Mortgage interest is tax deductible. At the end of the year, the full amount of interest you pay towards your mortgage is deducted from your gross income.

Low interest rates, high inventory from which to choose, multiple financing programs available, mortgage interest deductions . . . YES, it IS a good time to buy a Tulsa home for sale! Visit my web site to search the greater Tulsa MLS or call me to set up a custom search for you – together, we’ll shop based on your budget and criteria, because there may never be a better time to purchase a Tulsa home for sale!

About Lori Cain

Lori Cain has written 1316 post in this blog.

Tulsa Realtor serving the greater Tulsa area and specializing in midtown Tulsa real estate. Married to best friend, Demetrius Bereolos and mom to pups Penny and Osage. Great chef, community leader!