Friday, January 4, 2013

Downsize Your Payment by Getting a Bigger New Home

We are literally having people come into our models right now and buying a bigger new home and having a lower payment than they had on their 20 year old home.
You might be as sick of hearing about "All time lowest interest rates" as we are sicking of saying it, but nonetheless it is truly mind-blowing how much house you can buy for every dollar of monthly payment right now.  Last year when we were saying "Low interest rates" we meant 4.5%, but today we mean 3.25%.  So you might be asking what that equates to in regards to purchasing power, so we ran the numbers for you.
If you were going to buy a $250,000 home one year ago, your payment on an FHA loan with a 3.5% down payment your monthly PITI payment would have been $1,800.77.  If you were going to buy that same home today with the exact same down payment, then the PITI payment would be $1,628.32.  That is an overall difference of $172.45 per month.
Or... another way of looking at it is that you can buy a $277,331 home today for the same payment as you could buy a $250,000 home last year at this time.  Combine that with that fact that the Greater Tulsa Association of Realtors just reported that the average days on market to sell a home in November 2012 was 47 days and it makes now as good a time as any to get a new home in Tulsa. 

Wednesday, January 2, 2013

New Home in Brookwood of Jenks

This Wyndham home that we built in Jenks features a custom ceiling treatment and built in bookshelves flanking the fireplace.  This was one of the first homes that we built in Brookwood of Jenks, a new home community in Jenks.  This gated new home community features walking and biking trails, a community playground and pavilion area as well as a large common area.
Custom Ceiling Treatment
  The location of Brookwood of Jenks is on the north side of 111th just west of Elm.  Shaw Homes is building one and two story new homes ranging from 2000-4000 square feet in this community.  Our model home is located at the entrance of the community on the left hand side.  The model's floorplan is our Crescent II+ plan which has a flare of contemporary with a focus on clean lines and woman-centered design.
At Shaw Homes we strive to have the freshest plans that attend to the needs and wants of today's new home buyer.  We re-build our model homes every 2-3 years to incorporate the freshest trends in design and functionality of what today's family needs.  Let's face it, people live differently then they did 10 years ago, 20 years ago, 30 years ago, and the new home industry needs to change with it.  If you would like to join one of our New Home Model Tours that we offer 3 times a week, please feel free to contact our Online Concierge.