Advantages of buying Oklahoma land

Thinking about buying land in Oklahoma? Smart decision.

Oklahoma is surrounded by vast, unoccupied land that’s ready to harvest or build and ready to be improved.

There are plenty of advantages one should consider when buying a vacant lot. Let’s go through a couple of these benefits and see why you should consider buying if you’re not.

 

1. Possibility of investment: Let’s say you buy some land with intentions of building, or harvesting it, and life gets in the way and it just sits still like it did before you bought it. Big deal. The land will most likely remain in the same state, and could possibly increase in value along with the market. Lots of times when people buy a lot with a building on it, and it isn’t maintained, there’s a possibility of that land losing value.

2. Hey, you never know: Oil, natural gas, minerals, artifacts, who knows what lies beneath that vacant lot. Lots of times, there’s nothing there. Other times, you thousands of dollars can turn into millions very quickly. Don’t rule out the possibility down the road of companies or businesses having interest in the land – then it’s also worth some money too.

3. Cheap to buy and own: Vacant lots are cheap to purchase and cheaper to maintain. The maintenance and upkeep can be as little as you would like, while maintaining a land with a building takes some capital. Taxes will be less than your home, because there’s no property on it and it’s less valuable.

If considering buying land, check out our upcoming auctions for a chance to make a wise investment for a potentially low cost.

 

Three’s A Charm…

Join us for 3 Open Houses!
St. Patrick’s Day
Sunday March 17th 1-3pm
NEW CONSTRUCTION
3017 Cheyenne Dr
3 bed, 2 bath
$168,500

2910 Cheyenne
2 living areas!
3 bed, 1 1/2 bath
$105,000

3000 Apache Dr.
3 bed, 1 3/4 bath
Huge Wood Deck!
$106,000
For more information on these homes or other listings in Woodward, OK contact one of our Realtors at Smith & CO, Auction & Realty, Inc. at 580-254-3975.

Finding Your “Dream Home”

Like many great things in life, home ownership doesn’t happen in an instant. It takes time, preparation, and collaboration in order to successfully land the home of your dreams – but it is definitely worth it. Owning your own home can be one of the most satisfying experiences in life. You can change the paint to your favorite color, redo the kitchen, or finally create your ultimate backyard playground. For more information on steps to buying your own home contact Smith & Co, Auction & Realty, Inc. at 580-254-3975 or e-mail us.

REQUIREMENTS PRIOR TO BUYING A HOME

You might be ready to buy a home, but are you armed with the knowledge you need? Do you know about credit score requirements? Are you familiar with flexible standards on Federal Housing Administration loans?

Whether you are a first-time homebuyer or an experienced owner, buying a house requires a “preflight check,” in the words of Barry Zigas, director of housing policy for the Consumer Federation of America. Contact one of the Real Estate Professionals in our office and we will be glad to help you through this process. For more information on Buying a home in Woodward, Ok contact Smith & Co, Auction & Realty, Inc.

Home Is Where The Heart Is

Data from the latest NAR Profile of Home Buyers and Sellers shows the number one reason buyers are buying today is for the plain desire to own a home of their own. They want a place where they can come home at night that is their special place in the world. The most common home purchased among buyers was a detached single-family home, with three bedrooms, 2 bathrooms, and 1,900 square feet.
The typical buyer is satisfied with their buying process and plans to live in the perfect home for them for 15 years.   If you are in the market to purchase a home please let Smith & Co. realtors help you find the house that you can make into your home. Smith & Co. realtors in Woodward, OK are always ready to help you find that perfect home or piece of Real Estate you are searching for.

Existing Home Sales in Woodward or Northwest Oklahoma

Existing-home sales eased in December but are well above a year ago, while limited inventory maintained the upward momentum in home prices, according to the National Association of Realtors®. Total sales in 2012 were the highest in five years, while the annual price rose the most since 2005, according to National Association of Realtors. If you are searching for a homes in Woodward or Northwest Oklahoma the agents at Smith & Co. will be glad to help you today. Contact us at 580-254-3975.

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