This is just the beginning of what we refer to as deed theft, when someone steal’s the homeowner’s identity and signs over the title without the homeowner’s knowledge or approval. What we are seeing is homeowners are duped into believing the documents involved in stealing their deed are actually for financial assistance. The most common ways deed theft happens are through forgery—a homeowner’s signature is faked and filed with a county clerk, and fraud. Deed theft criminals will hide behind limited liability companies making it difficult for homeowners to decipher. What’s in it for them? They sell the home and get the proceeds IF they don’t get caught. The worse part is what happens when the criminal pulls out the loan and gets the money, then doesn’t pay on it and then the home is foreclosed on and the Homeowner is evicted without ever knowing what is going on. The best way to prevent this from happening to you is by being proactive. This has been a growing concern in the real estate community. How can Realtors help protect our Homeowner Clients from becoming victims?

First step, raise awareness.

Second step, sign up for the Property Alert System through the Oklahoma County Clerk site. It will send an automatic alert whenever any document is filed that will affect the registered account holder. Notices can be sent through text, email, or a telephone call.

Third Step, get your free annual credit report and check for any new loans you are unfamiliar with.

Fourth Step, get your home in a TRUST. If you need an Attorney to set up a Trust for you, I have a great contact for a real estate attorney, just reach out!

If you found this article helpful, please share with others and spread the word!

The post Homeowner BEWARE, Deed thefts are happening and it could happen to you! appeared first on Cityburb Homes.

Did you know that Oklahoma City did a heat mapping campaign in 2023? Volunteers drive around on the hottest day of the year of the year to measure air temperatures to find the hottest parts of the city. The way we build, cover land, all contributes to our Urban Heat Island.

Impervious elements of the built environment, like roadways, buildings, and parking lots, absorb the sun’s thermal energy and affect how precipitation moves once it reaches the ground. This changes how the natural environment behaves during extreme heat and inundating rainfall that creates the conditions for flash flooding, degraded water quality, and the urban heat island (UHI) effect. The UHI effect is a phenomenon where an “island” of ambient heat causes significantly higher temperatures in urban areas compared to nearby rural areas due to the vast amount of buildings, pavement, and infrastructure. This concentrated heat increases electricity consumption and associated costs, contributes to poor air quality, and creates dangerous conditions for sensitive populations like the elderly and those who suffer from respiratory illnesses. As of 2017, Oklahoma City’s urbanized area spanned more than 234 square miles covering 38% of the city. Boosted by code-required parking minimums, 11% of Oklahoma City’s urbanized area is covered by the largest single type of impervious surface in the urban area: parking lots. Urbanization is synonymous with growth and growth is required to ensure our economic vitality. The question is not if we should grow, but how we grow. Sprawling development stretches demand and increases the cost of City services and, coupled with a changing natural environment and more severe extreme weather conditions, increases risk.

In 2020, Oklahoma City created ADAPTOKC, their sustainability plan with the goal to mitigate effects of extreme heat. Historical heat observations between the 1970’s and 2020 have increased and projections show that we will see an average increase (at minimum) 2 degrees in 2050, the high end would be double at 5 degrees. This means we can expect 20 to 30 more days over 100 by 2050, likely more days than projected (SCIPP). Our sustainability office in Oklahoma City. 

With this projected heat output, we can expect utility costs to increase. Oklahoma is projected to see a 50% increase in electricity demand in 2050 and 175% increase in electricity demand between 2020 to 2100. What does this have to do with Real Estate? This demand will likely result in increased utility fuel charges and possibly infrastructure upgrades to outdated system. This will effect businesses as well as residential dwellings. Understanding this can help potential Homeowners work to reduce energy costs and add to their monthly budget to prepare for these costs.

Fortunately Oklahoma City is strategizing ways to reduce the temperatures, like increasing our tree canopy across the metro.

Oklahoma City’s tree canopy is a community asset that can help mitigate the urban heat island effect, reduce storm water drainage challenges, reduce heating and cooling costs, and improve air quality. Trees offer tremendous benefits for people and businesses in urban areas – shading hot parking lots and sidewalks, capturing storm water, capturing air pollution, and even providing a boost for business. A human behavior study conducted by the University of Washington found shoppers were willing to pay 9% to 12% more for goods in tree-lined business districts than in shopping areas without trees. ADAPTOKC Study,

The data will help the City determine places for cooling shelters, and create heat action plans to educate the public and policymakers.

The post The Oklahoma City Heat Map appeared first on Cityburb Homes.

An Appraiser can give value on a home in 3 appraisal ways, these are what we see in a real estate transaction:

Sales Comparison Approach (SCA) or Market Approach:

• This is the most common method used for residential properties.
• It involves comparing the subject property to recently sold properties in the same or similar neighborhoods.
• The appraiser considers factors such as size, features, and condition to determine a fair market value for the subject property.

Cost Approach:

• This approach evaluates the cost of replacing the property with a similar one, minus depreciation.
• It is particularly useful for new or unique properties where there may be limited comparable sales data.
• The appraiser estimates the cost of the land and the cost to build the improvements, then subtracts depreciation to arrive at the property’s value.

Income Approach:

• This method is primarily used for income-producing properties, such as rental properties.
• The appraiser estimates the property’s value based on its potential income generation.
• This approach involves analyzing the property’s ability to generate income, taking into account factors like rental income, operating expenses, and capitalization rates.

The choice of approach may depend on factors such as the type of property, its condition, and the availability of relevant market data. It is important to note that Appraisers should have taken the Sustainable Buildings Certification to be able to appraise a property with Solar Panels or other sustainable building practices. If the Appraiser that comes out is not qualified to do the Appraisal on an energy-efficient home, then there are avenues that can be taken to get the right person out. First, the Appraiser always contacts the Listing REALTOR to schedule the appointment to view the home. Right then, the REALTOR should be asking if the Appraiser has the Sustainable Buildings Certification and if not, they need to call the Lender and inform them that they need to send a qualified Appraiser to the property. It is helpful for the REALTOR to have a qualified Appraiser’s information ready for the Lender. Then that Appraiser can come out.

In Oklahoma, there is a niche for Sustainable Buildings Certified Appraisers. We need more Appraisers to get this designation so that these homes can reach their full market potential.

The post How does an Appraiser appraise a home? appeared first on Cityburb Homes.

1. Conduct a Home Energy Audit

The first step in improving energy efficiency is to perform a thorough home energy audit. Engaging a professional energy auditor or using DIY tools can help identify areas where energy is being wasted, such as drafts, inadequate insulation, and inefficient appliances. Understanding these issues will guide you towards the most effective Under the IRA you can claim up to $150 for a home energy audit conducted by an inspector. This will give you an idea of where to start and create a timeline to achieve your energy goal and start saving money!

2. Enhance Insulation

Old homes often lack proper insulation, leading to significant heat loss during winter and heat gain during summer. Installing insulation in attics, walls, and basements can dramatically reduce energy consumption and maintain a more consistent indoor temperature. For historical preservation, consider using eco-friendly insulation materials that align with your home’s original construction. Under the IRA you can claim up to $1,200 for insulation.

3. Upgrade Windows and Doors

Old windows and doors are notorious for letting conditioned air escape and allowing outside air to seep in. Consider upgrading to energy-efficient windows with double or triple-pane glass and low-emissivity coatings. Weatherstripping and caulking around windows and doors can also provide an effective and affordable fix to minimize air leaks. Under the IRA, you can claim up to $1,200 or installing efficient windows and door.

4. Opt for LED Lighting

Replace traditional incandescent bulbs with energy-efficient LED lighting throughout your home. LED bulbs consume significantly less electricity, last longer, and emit less heat, making them an excellent choice for reducing energy consumption. There are no credits for LED lighting under the IRA, but the costs of LED bulbs are significantly reduced over the years. You also might convert some light switches to motion-detecting for places like hallways, entryways, laundry rooms.

5. Utilize Smart Technology

Incorporate smart home technology to manage energy usage more efficiently. Smart thermostats allow precise control over heating and cooling, adapting to your schedule and preferences. Additionally, smart plugs and power strips help prevent “vampire” energy drain by cutting power to electronics and appliances when not in use.

6. Maintain HVAC Systems

For old homes with central heating and cooling systems, regular maintenance is crucial. Schedule annual HVAC inspections, change air filters every three months, and clean air ducts every 5-10 years to ensure that your systems are running efficiently. Consider upgrading to energy-efficient models if your current systems are outdated. State programs will begin to offer rebates for electric appliances and home retrofits, which will reduce household energy bills each month.

• 30% of the costs of buying and installing a heat pump, up to $2,000 including support for any electric system upgrades needed to make the home heat-pump-ready.
• State programs offer low- and moderate-income households rebates for heat pumps at the point-of-sale, cutting costs of purchase and installation up to $8,000. If home electrical upgrades are needed to integrate new heat pumps, rebates of up to $4,000 are available to households.

7. Harness Natural Ventilation

Take advantage of natural ventilation during milder weather by opening windows strategically to let fresh air circulate through your home. This will reduce the need for air conditioning or fans and contribute to a more comfortable indoor environment.As a potential or current Homeowner, it’s important to know what resources are available to you that you can take advantage of in the world of energy-efficient appliances, and home maintenance.

8. Harness Solar Power

Install solar panels on your roof or property to generate clean energy and reduce reliance on traditional power sources. While preserving the historical appearance of your home, consider integrating solar panels in less visible areas, such as the rear roof slopes or outbuildings. You can claim up to 30% of the costs of the panels and battery storage systems under the IRA.

All households can access rebates of up to $4,000, while low- income households could receive up to $8,000 for home efficiency. Low- and moderate-income households can access rebates covering up to 100% of the costs of installing electric appliances like heat pump water heaters and clothes dryers. Owning an old home doesn’t mean sacrificing energy efficiency. With the right approach and a commitment to preserving its historical charm, you can significantly reduce energy consumption and save money on utility bills. Implementing these energy-saving tips will not only benefit your bank account but also contribute to a greener and more sustainable future for generations to come. Embrace the challenge of making your vintage home eco-friendly and create a comfortable, energy-efficient space that stands the test of time.

The post 8 Ways to Make Your Old Home Energy Efficient & The Inflation Reduction Tax Credits To Help You appeared first on Cityburb Homes.

#1 Buy a $3.50 Protector for Your Outdoor Faucet

The cost if you don’t: Up to $15,000 and a whole lot of grief.

It’s amazing what a little frozen water can do damage-wise. An inch of water in your basement can cost up to $15,000 to pump out and dry out. And yet it’s so easy to prevent, especially with outdoor faucets, which are the most susceptible to freezing temps. The simplest thing to do is to remove your garden hose from your outdoor faucet and drain it. Then add a faucet protector to keep cold air from getting into your pipes. They’re really cheap (some are under $3.50). “Get these now,” says Danny Lipford, home improvement expert and host of the “Today’s Homeowner” television and radio shows. “When the weatherman says, ‘We’ve got cold coming,’ they’ll sell out in minutes.” While you’re at it, make sure any exposed pipes in an unheated basement or garage are insulated, too, or you’ll face the same pricey problem.

Wrap pipes with foam plumbing insulation before the weather drops. It’s cheap, too, just like the faucet cover (about $1.80 for six feet of polyethylene insulation). And it’s an easy DIY project, as long as you can reach the pipes.

#2 Add Insulation to Prevent Ice Dams

The cost if you don’t: $400 to $600 — if you’re lucky; a lot more if you’re not.

Those icicles make your home look so picturesque, you just gotta take a few pics. But you better make them quick. Those icicles can literally be a dam problem. (Yes, dam — not the curse word that sounds the same. ) Icicles are a clear sign that you’ve got an ice dam, which is exactly what it sounds like: a buildup of ice on your gutter or roof that prevents melting snow and ice from flowing through your gutters. That’s really bad news because these icy blocks can lead to expensive roofing repairs. Depending on where you live, expect to pay at least $400 for each ice dam to be steamed off. Leave the ice and you risk long-term damage. That could add up to hundreds or even thousands of dollars in repairs your roof, depending on what type of shingles you have and the size of the damaged area. How to prevent them? Insulation. “Ice dams, icicles, and ice buildup on the gutters are symptoms of not enough insulation in the attic,” says Chris Johnson, owner of Navarre True Value and several other stores in the Twin Cities area. “You need to have at least 14 inches of insulation in your attic, no matter where you live,” says Lipford. If you live in a colder climate, you’ll need more.

If you don’t have the cash to insulate, a less expensive alternative is heated gutter cables, which run between $59 and $144 each. They can be temporarily affixed to areas prone to ice damming, Johnson says.

#3 Clean Your Gutters

The cost if you don’t: You really don’t want to be in a position to find out.

It can be so tempting to skip gutter cleanups as winter nears. It seems as soon as you clear your gutters, they clog right back up again. So what’s the point?

Well, if it looks like you’re living inside a waterfall when it rains, water is completely missing your gutter system. It’s being directed to your foundation instead. And a water-damaged foundation is never, ever cheap to fix. A contractor can plug foundation cracks for $350 to $4,000, says FixR. But a worse problem, one that requires a foundation excavation or rebuild, can set you back as much as $25,000. Suddenly, cleaning your gutters a few times each fall doesn’t seem so bad. A pro can do the work for $200 to $400, depending on the size of your gutter system.

#4 Seal Up Leaks

The cost if you don’t: Nights where you never feel warm, despite sky-high heating bills.

“If it were possible to take every crack on the outside of a typical home and drag them together, you’d have the equivalent of a three-by-three window open all the time,” says Lipford. Yikes. Yet cracks can be easily and inexpensively sealed with a simple tube of caulk, and it’s available in hundreds of colors to match your window panes, outside siding, and even brick. Not sure where to caulk? Look for visible cracks around:

• Window sills
• Baseboards
• Fireplace or dryer vents
• Anywhere something inside pokes a hole to the outside

#5 Program Your Thermostat

The cost if you don’t: Money you could spend on something else besides heating.

We all know we should program our thermostats to align with our schedules, but we seem to have some mental block when it comes to doing it. It’s not that hard, and sometimes all it takes is buying a new one that suits you (like maybe a Wi-Fi one that’ll give you a little money-saving thrill each time you swipe your app). “From a cost-savings perspective, a programmable thermostat is a great investment,” Lipford says. You can save as much as 10% a year on heating and cooling by simply turning your thermostat back 7degrees to 10 degrees Fahrenheit for eight hours a day from its normal setting, according to the U.S. Department of Energy.

Related: Get tips on choosing and programming a thermostat.

#6 Get a Furnace Tune-Up

The cost if you don’t: A furnace that’ll die years before it should — and higher energy bills.

“Forget to service your furnace and you could easily cut five years off the life of your system,” says Lipford, adding that five years is a full third of the typical unit’s life span. New units can cost $2,000 to $11,000 installed, making the $100 to $200 annual maintenance charge a no-brainer. While you’re at it, don’t forget to replace the furnace filter, which cleans the air in your home. It also keeps your furnace coils cleaner, which can shave up to 15% off your energy bill. Johnson suggests replacement at least every three months, but possibly as often as monthly if you have allergies or pets, or smoke cigarettes at home.

#7 Get a Fireplace Inspection

The cost if you don’t: Possibly your life — and your home.

“A cozy fire is great, but if you don’t maintain your chimney, a fire can cost you thousands of dollars,” says Johnson. Not to mention the risk to you and your family. Schedule your maintenance appointment as early as you can.”If you wait until the busy season, you’ll have a hard time getting them out there, you’ll pay more, and you’ll get a lower quality job,” says Lipford.

Visit houselogic.com for more articles like this.

Written by: Aliana Tweddale

© Copyright 2022 NATIONAL ASSOCIATION OF REALTORS®

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