Local REALTOR®, Jason Phillips, awarded Graduate, REALTOR® Institute (GRI) designation.

03/11/21

A Oklahoma Association of REALTORS® was recently awarded the Graduate, REALTOR® Institute (GRI) designation.

The OKCMAR member who completed the curriculum required to achieve the highly acclaimed designation is Jason Phillips of Midwest City. He joins other top producers in the residential real estate industry who hold the designation across the nation.

Jason Phillips earned the “Graduate, REALTOR® Institute” (GRI) Designation by attending a minimum of 60 hours of classroom instruction, covering a variety of subjects including: contract law, professional standards, sales and marketing, finance, and risk reduction.

In addition, they have learned the fundamentals of brokerage and other areas of real estate specialization. With this designation and through increased awareness of current topics important to the real estate professional, such as legal issues, these REALTORS® can better serve prospective clients and customers.

The GRI designation sets the individuals who have attained it, apart from other practitioners because it indicates to the public that the individual has obtained a professional educational foundation on which to base the services they provide and that they are a member of the NATIONAL ASSOCIATION OF REALTORS®.

Obtaining the GRI designation is a beneficial way for a REALTOR® to advance their professional image. The extra measure of knowledge and prestige achieved by completing this course work is a tool that will advance a career in real estate on attracting and building new business.

The REALTOR® Institute has been in existence for more than twenty-five years and has graduated thousands of REALTORS®.

REALTORS® or consumers interested in learning more about the program may visit www.Realtor.org/GRI.

Local Realtor Earns Certification From Institute for Luxury Home Marketing

Kandace Phillips earns internationally recognized designation for performance in luxury real estate

Oklahoma City, OK  Jan. 19, 2021 — Kandace Phillips from NextHome Central Real Estate recently earned The Institute for Luxury Home Marketing’s Certified Luxury Home Marketing Specialist™ (CLHMS) designation in recognition of experience, knowledge, and expertise in high-end residential properties. Phillips joins an exclusive group of real estate professionals who have completed The Institute’s training and have a proven performance in the upper-tier market.

 “Agents who have earned the CLHMS designation are performing at the highest level in their community,” said Diane Hartley, president of The Institute. “The CLHMS seal is a symbol of distinction. Affluent buyers and sellers from around the world look for this symbol of luxury home knowledge and expertise when putting their trust in a real estate professional.”

The specialized training and ongoing membership with The Institute provide Phillips with the knowledge and tools to better serve clients. The CLHMS designation provides evidence of the successful commitment to service at the highest level. “Although I pride myself on my professionalism and high service standards, this certification allows me the tools and knowledge to better serve my discerning clientele,” said Phillips.

Kandace has been in the real estate industry for the better part of a decade and specializes in luxury homes and estates . Kandace is  a multi-million dollar per year producer and is active in several industry and community organizations. For more information about the luxury market in Oklahoma City Metro Area, contact Kandace Phillips with NextHome Central Real Estate at 405.637.6370 or kandace@nexthomecre.com

Want to Give Yourself a Financial Edge? Here Are 4 Ways That a Credit Monitoring Service Can Help You Boost Your Credit Score

You’ve gotten on top of your budget. You’re carefully managing your expenses. And, as a part of your newfound focus on finance, you’ve been looking for ways to get that elusive perfect credit score. 

After all, that’s just what financially-savvy people do, right?

And while credit monitoring companies do exist alongside the traditional requesting-your-credit-report manually approach to credit management, there’s another option that can offer the advantages of both strategies in a single, often free, package:

Credit monitoring apps.

On that note, here are four incredibly good reasons to consider adding a credit monitoring app to your arsenal of personal finance tools.

1. It’ll Help You Spot Problems With Your Credit Report

For many, the words “There’s a problem with your credit report.” conjure up images of identity mixups and unexplained credit card charges.

But in reality, not every error on a credit report is an identity theft issue. 

Inaccuracies can include:

  • Accounts you’ve paid up being recorded as unpaid
  • Negative account information that’s been on your credit report for too long
  • Incorrect balance amounts

According to the Consumer Finance Protection Bureau, up to one in five Americans may have mistakes on their credit reports. A credit monitoring app that you can pull up on your phone and check from time to time makes it easy for you to keep track of your credit report entries. 

2. You Can Get Credit Score-Boosting Advice

When it comes to credit scores and credit management in general, a lot of advice suffers from a “Now what?” problem. 

“I got a credit card because I want to improve my credit score. Now what?”

“I have a credit score of 710 but I want to hit 800 by this time next year. Now what?”

In short, people often walk away with a sense of what to do but they don’t always know how to translate that knowledge into practical results. 

To make matters worse, it’s often the little details that can weigh your credit score down the most. 

Things like:

  • A credit balance that’s just high enough to skew your credit utilization ratio 
  • Having a department store credit card, a personal credit card, and a secured credit card but no installment loans or mortgages in your credit mix
  • Applying for too much credit at once

Researching credit score improvement tips may require you to sit down, search for information, and read a ton of content before you feel ready to implement what you’ve just learned. Credit monitoring services are often able to give you the tips and advice you need with the press of a button. 

3. An App May Help You Spot the Signs of Identity Theft Early

The Ascent reported that in 2019, there were 650,572 cases of identity theft in the United States.

Part of the reason why identity theft is so dangerous is that it can sometimes take a while to catch. After all, the credit card or the loan might get taken out, but that statement more than likely won’t be sent to your mailbox. 

As such, the next time you view your credit report could very well be the first evidence you see of an unauthorized account that’s been opened under your name. 

Because it’s easy to use and available on your phone or computer, a credit monitoring app can go a long way towards helping you spot signs of possible identity theft before it has a chance to spiral out of control.

 

4. It Can Help You Address Outstanding Payments Immediately

Your credit score will calculate details like how long you’ve had your credit accounts or the type of credit you have. However, the factor that impacts your credit score the most is your payment history.

If you’ve been paying your bills and staying on top of your expenses, it’s easy to overlook payments owed from way back when. 

People get busy and it’s easy to misread a $20 bill as a $10 bill or to move and miss a statement. But even if the nonpayment wasn’t intentional, those small unpaid amounts can have a serious impact on your credit score as well. 

What’s nice about credit monitoring and tracking apps are that many will have a simple and intuitive layout. These design features in turn make checking your payment history as easy as looking at the time. 

Conclusion 

Managing your credit isn’t something that you can do once and then forget about. It’s important to know what’s happening so that you can improve your credit and pursue your financial goals. 

To that end, a free or affordably-priced credit monitoring app can make it easy for you to keep your finger on the pulse of what’s happening with your credit. Maybe there really is an app for everything. 

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The Retiree’s Guide to Finding the Perfect Homestead Property

The Retiree’s Guide to Finding the Perfect Homestead Property

 

Getting ready to find the home for your golden years? If you’ve always yearned to fend for yourself and live off the land, retirement is the time to give it a go. Homesteading has a lot of great benefits for seniors. Not only will you save money through growing your own food, but the act of maintaining your homestead can keep you fit and healthy for years to come. 

 

A trustworthy Realtor like Jason Phillips can help you find the perfect place to live off the land. Here’s a look at some of the benefits of homesteading, what to look for in a property, and how to get started: 

 

Why Homestead? 

 

Homesteading in retirement can lead to huge quality of life improvements for seniors. Some of the biggest problems seniors face when they retire – boredom, a lack of direction, a budget stretched too thin – are well mitigated by homesteading. You’ll always have something to do, and as Homestead.org points out, you’ll cut costs through growing a portion (or even all) of your food yourself. Moreover, the homesteading lifestyle requires a lot of activity, so you’ll stay in great shape well into your golden years. 

 

Another great benefit of homesteading is that it makes your home a pastoral escape, meaning you might just be the ideal vacation destination for friends and family. Kids, grandkids, distant cousins and long-lost pals alike will champ at the bit to visit. Obviously you’re enough to bring them around on your own, but it’s a wonderful bonus to offer them an escape from their day-to-day lives along the way. 

 

Finding Your Property 

 

In many ways, searching for your homestead property is like any house search. You need to consider the basics such as securing funding, figuring out what areas you’d like to live in, and general logistics. For example, if you’re selling your home in order to secure funding for your dream property, you’ll likely need to work an extended closing clause into your offer. 

 

When it comes to homesteading specifically, you need to consider exactly what you can manage and your long term goals for the property. If you’re hoping to be mostly self-sufficient, PrimalSurvivor notes you’ll need a lot of cleared (or clearable) land. If you just want to have a garden that supplements your grocery runs, you can probably get away with a smaller plot. 

 

Do you want to keep animals? Most areas have specific rural zones where livestock is allowed. That said some small livestock animals, such as chickens, are steadily becoming more acceptable in suburban and even urban areas

 

Designing Your Homestead Lifestyle 

 

On a related note, homesteading doesn’t mean you have to live far away from town. Urban farming is gaining traction and popularity across the country, and there are a ton of methods out there for homesteading right in the middle of a city. If you crave an urban retirement, you can still do so in a self-sufficient way. 

 

Of course, if you yearn for the pastoral lifestyle, a rural farm is more likely to scratch that itch. This is the right fit for anyone picturing a retirement marked by hard work in the morning and a quiet evening on the porch. Take some time to really think about what you want your days to look like, what sort of amenities you want easy access to, and how you’ll adjust as the years go by. These lifestyle questions will help you invest in the best property for you. 

 

For many, there’s no dream more appealing than making a life for yourself off the land you own. If that’s the retirement you’re dreaming of, you deserve to make it happen. With the right agent by your side, you can make your golden years shine. 
Photo Credit: Unsplash

LOCAL REALTOR® ACHIEVES NATIONAL RECOGNITION

LOCAL REALTOR® ACHIEVES NATIONAL RECOGNITION


Oklahoma City, Oklahoma – Jason Phillips with NextHome Central Real Estate has been awarded the Accredited Buyer’s Representation (ABR®) designation by the Real Estate Buyer’s Agent Council (REBAC) of the NATIONAL ASSOCIATION OF REALTORS® (NAR).

 

Jason Phillips joins more than 27,000 real estate professionals in North America who have earned the ABR® designation. All were required to successfully complete a comprehensive course in buyer representation and an elective course focusing on a buyer representation specialty, both in addition to submitting documentation verifying professional experience.

 

REBAC, founded in 1988, is the world’s largest association of real estate professionals focused specifically on representing the real estate buyer. There are more than 40,000 active members of the organization world-wide. THE NATIONAL ASSOCIATION OF REALTORS®, “The Voice for Real Estate,” is the world’s largest professional association, representing over 1.4 million members involved in all aspects of the real estate industry.

 

You may contact the Real Estate Buyer’s Agent Council by telephone, (800) 648-6224, by email, [rebac@nar.realtor], or by visiting the REBAC website, [www.REBAC.net].

 

 


ABR® (Accredited Buyer’s Representative) and ABRM (Accredited Buyer’s Representative Manager) are designations of

REBAC (Real Estate Buyer’s Agent Council) and THE NATIONAL ASSOCIATION OF REALTORS®

Thinking About Renting Out Your Home Instead of Selling It? Read This First

Thinking About Renting Out Your Home Instead of Selling It? Read This First

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Converting your current home into a long-term rental can be a good decision for several reasons. For instance, if you’ve inherited an extra home that you love, you’re having trouble selling your current home, or you’re itching to be a landlord, renting out your home might be the right thing to do. Nonetheless, it comes with plenty of challenges, which is why it’s so important to know what you’re getting into and to prepare the best you can. Below we will discuss a number of factors involved in turning a home into a successful long-term rental in 2020. 

The Local Market 

Whether you’ve had your home on the market for a while or you’re thinking about putting it on the market, it’s essential to know what’s going on in your local housing market. Keeping up with how other homes in your area are doing will help you to determine whether you need to make adjustments or start with a certain approach for selling your home. 

For example, recently the average home in Oklahoma City is selling for 1.6% below the list price ($199,000), and it’s spent 24 days on the market. If you wish to sell, and you can offer competitive terms to prospective buyers, then maybe selling is a more practical option. In recent days there has been lower inventory and in many cases homes are selling above the list price. However, if your home would need a considerable amount of work before you can compete, then making limited improvements and renting it out might be the better option. 

Necessary Major Improvements 

When renting out your home, you’ll probably need to make improvements that boost appeal and value. For instance, if you have a lot of carpet in the home, consider replacing it with hardwood or laminate floors. If you have a garage, consider putting in new garage doors. If your roof is getting on in years, consider doing a full roof replacement. Projects like these will come with significant costs, but they tend to yield a good return on investment as well. 

Staging the Home 

Along with making major improvements, it’s also important to stage your home so that it will appeal to renters. You’ll want to tackle basic projects like decluttering, depersonalizing, and deep cleaning each space. While replacing or adding furniture that compliments the space—even if it’s temporary—can help attract buyers, rental homes are often shown with no furnishings. 

Another project to consider is painting the walls, trim, and doors; neutral colors like white, gray, and cream are hard to beat when it comes to appealing to renters. Also, if you see any areas that could use a quick and easy improvement (e.g., cabinet hardware, light fixtures, appliances, etc.), addressing those issues could help your efforts. 

The COVID-19 Factor

Finally, there’s no use in pretending that the real estate market is the same as it has always been. The COVID-19 pandemic—and the stay-at-home orders and social distancing guidelines that have resulted—has transformed how homes are rented. Your best bet is to utilize technology as much as you can. For example, Zoom, Skype, or other video-meeting software will allow you to show your home and interview potential tenants without violating any orders or guidelines. Also, taking quality real estate photos of your home to post online can help attract prospects. 

If you feel more comfortable with showing your home and interviewing in person, then be sure to take extra precautions. This might include things like practicing social distancing and providing disinfectant wipes when prospects come to see the home.

Renting out your home can be a smart decision if you plan and approach it thoughtfully. Remember to research your local housing market, make any necessary improvements, and stage your home appropriately. Lastly, consider the COVID-19 guidelines during your interactions with potential tenants. 

If you are considering selling! Visit my website NextHomeCRE.com or give me a call today!


Jason Phillips

NextHome Central Real Estate

405.615.2035

How Home Buyers and Sellers Can Stay Proactive & Position Themselves for a Post COVID-19 World

How Home Buyers and Sellers Can Stay Proactive & Position Themselves for a Post COVID-19 World

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While it might seem like the Covid-19 world of shelter in place and social distancing will last forever, it won’t. But the question is how long will it last? If you are one of the many home sellers or buyers in Oklahoma who had planned to move in 2020, you may be wondering if you should continue with your plans, or wait for the post-Covid-19 world? It’s normal to be a bit concerned about the future and to question what your next action should be. This advice will help buyers and sellers stay on a track for success, along with the guidance of an agent.

For buyers and sellers: Stay up-to-date about the market 

If you were already in the process of buying or selling a house before Covid-19 hit, then you are likely already familiar with the market in Oklahoma. Even if you decide to put your search on hold, as coronavirus casts a shadow of uncertainty, it’s still wise to stay proactive about the market so you can know when to get serious again. In Oklahoma City, for example, according to Zillow the market is very hot and it’s considered a sellers’ market, meaning sellers may want to forge on for now. In Oklahoma City, home values have gone up 4.3% over the past year and Zillow predicts they will fall -1.3% within the next year. If you are a buyer, that means you may want to wait, as you may find better prices in a few months.

For sellers: Get your home in shape

With more buyers vying to be the new owner of your home, you may think you can relax a bit. But you still need to get your home looking its best to beat out the competition that is out there, and having more time at home might even make this easier. While it might be difficult to shop and completely redecorate your home, you can consider some DIY home staging, moving furniture around and changing lighting to create a space that will be inviting for potential buyers. Curb appeal is another area to tackle, assessing your front yard and weeding, or planting fresh spring flowers. 

For buyers: Research your dream home

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If you are a buyer and you have decided to wait out the market, this is your time to dream about what you want in the post-Covid-19 world. Do you want a yard for your dog or kids to play in? What about a chef-ready kitchen? Whatever your dreams, being proactive is about knowing what you want when you are ready to continue on with your search. You can take advantage of virtual home tours to get a better sense of the options without making too much of a time investment. And if you are moving on with your search for buying a home in Oklahoma City, then using virtual tools will make your hunt more efficient. 

For buyers and sellers: Go virtual 

Getting comfortable with going virtual is the biggest shift in buying or selling a home right now because there’s no way of knowing how long social distancing practices will be in place. For sellers, get your home’s online listing ready, if you haven’t already, and work with your agent to create a script and game plan to prepare for virtual open houses or showings. Virtual showings are one of the top selling tips during Coronavirus for sellers. For buyers, be open to falling in love with a home on video, which you can then see in-person to make your crucial final decision. 

Dealing with uncertainty isn’t easy, especially when it comes to a major life decision like buying or selling a home. The best way for buyers and sellers to stay proactive and ready for a post-Covid-19 world is by staying calm and working with your realtor in Oklahoma City to define the best strategy for you and your family, while keeping everyone safe. 


Jason Phillips

NextHome Central Real Estate

405.615.2035

 

New Home Building Could Lead to a Rebound

I recently got an update from a local lender, Canda White at First United Bank, pertaining to the current housing climate. I thought the email packed a ton of insight. NAHB recently released a new study about the impact new housing could have on the recovery. Phido Group LLC, mine and Robert Gideon II’s construction company, is a member of NAHB and are excited about this new study. I do share this with one caveat…. the recent over supply of oil could have a big impact on the economy here in Oklahoma.


From the email: 

“In times of economic uncertainty, the housing market has traditionally played a significant role in helping the country get back on its feet. There are many reasons for this, including the fact that real estate, unlike stocks and bonds, is a hard asset with intrinsic value. It also has the added benefit of helping to create jobs, taxes, and revenue.

In fact, according to the National Association of Home Builders (NAHB) recent National Impact of Home Building and Remodeling report, building 1,000 average single-family homes creates 2,900 full-time jobs and generates $110 million in taxes and fees. NAHB chairman, Dean Mon, says he expects the housing market to help lead the economic rebound after the coronavirus crisis subsides.

“Before the coronavirus pummeled the U.S. economy, housing was on the rise, with January and February new home sales numbers posting their highest reading since the Great Recession,” Mon said. “The demand is clearly there, and as this study shows, we expect housing will play its traditional role of helping to lead the economy out of recession later in 2020 when the pandemic subsides.””

From NAHB:

Building 1,000 Homes Packs an Economic Punch

Stay safe!


Jason Phillips, MBA, GRI

Broker/Owner

NextHome Central Real Estate

405.615.2035 / jason@nexthomecre.com

Armada by Earnest Cline. My Review

One thing is for certain, this pandemic has me seeking expansive worlds to escape to. I began reading this one right after I read Artemis by Andy Weir. Both of these were highly anticipated follow up books to their respective blockbusters that were eventually made into movies. Earnest Cline was following up the hugely popular Ready Player One, and Andy Weir was following up The Martian. Both books were “sophomore slumps” in that respect. Neither quite lived up to the ease of reading of their former books. HOWEVER, both are definitely great books on their own… if you take away the anticipation and read them as their own works. Armada follows in the theme of video game escapism and we find our main character Zack Lightman in a small Oregon town playing the video game Armada. He is a top ranked player. It is eventually revealed that his father had died in a waste water treatment explosion when Zack was just a young boy. His father left Zack journals with conspiracy theories that the proliferation of science fictions movies, books, and tv shows were actually funded by the government as a means of preparing the human race for extra terrestrial Contact. We eventually learn that the Earth Defense Alliance(EDA) is real and they are enlisting top gamers to help defend earth from alien invaders.

This book was a slow starter for me but at about the time we find out the EDA is real I could no longer put it down and had to find out the eventual conclusion. Earnest Cline has written a easily digestible pop culture laden book that you will read in no time, but he added some ethical and moral questions that are eventually answered by our hero. Do humans have too easy a disposition toward war? How would we react if aliens made contact? To find out his take you should pick up a copy of this book. It is being reported that a movie adaptation is being made, I would try to read it before that happens. This world, just like Ready Player One, is too big for the screen.

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Financing Your Home

Obtaining financing to purchase a home includes a number of important factors. Lenders, banks and other sources for loans take into consideration a combination of items when determining whether or not to loan you money. They look at factors in your profile like:

• Current income

• Length of time at your job

• Debt-to-income ratio

• Past rent or mortgage payment history

• Your credit report

• Tax returns

• Down payment amount

• Months of reserve money

Your income level, debt and credit information will be used to pre-qualify you for an amount the lender thinks you can afford. However, a pre-qualification is different than a pre-approval. A pre-approval takes into account your credit report, the debt-to-income ratio and a more in-depth analysis of your financial situation. Once pre-approved, you will receive a pre-approval letter that can be provided to a seller with an offer.

Often the pre-approval process comes after homebuyers begin looking at homes, but a pre-approval can provide a more definitive price range for your search and is best completed as a first step, or as early in the home buying process as possible.

There are benefits to obtaining a mortgage on your home. These benefits can help you decide if it is the right time for you to buy and provide other values, such as the mortgage interest deduction to offset income against your taxes or making mortgage payments as an investment into building your wealth.

Once you have identified a property for purchase, and have an accepted offer, the lender will begin processing your loan. They will take into account other factors impacting an approval including items such as:

• The preliminary title report

• Any homeowner or community association dues

• Financial stability of a homeowner or community association

• An appraisal report

• Homeowner insurance payments

• Property taxes

The combination of your financial profile (income, debt, credit, etc.) and the property (condition, value, etc.) gives the lender a complete picture of the risks and benefits of providing you with the loan. Once all these items are reviewed and approved, you will be in the home stretch for closing on your new home.

If you are considering purchasing a home, give me a call and I can get you in touch with some excellent lenders in the local market who can provide you the guidance you need to make a decision.

Jason Phillips

Jason@nexthomecre.com

405.615.2035