Blue Bill Properties

12/09/2022

Don't miss the chance to tour this fantastic property! Tag someone who should attend this open house! 😮

BEAUTIFUL OVERSIZED HOME IN HIDDEN CREEK NEIGHBORHOOD ON HUGE LOT. ATRIUM ENTRY INTO A 4 BED 4 FULL BATH HOME FEATURING A LIVING AREA W/ A 23 FT CEILING, DOUBLE SIDED FIREPLACE, A 2ND FAMILY ROOM WITH FIREPLACE, AND BUILT-IN CABINETS. ALL OF WHICH IS OPEN TO THE KITCHEN. FORMAL DINING RIGHT OFF THE

12/09/2022

Are you looking for a home in the Oklahoma City area? If so, check out this listing before it's gone! Give me a call at (405) 206-1609 for more information.

BEAUTIFUL OVERSIZED HOME IN HIDDEN CREEK NEIGHBORHOOD ON HUGE LOT. ATRIUM ENTRY INTO A 4 BED 4 FULL BATH HOME FEATURING LIVING AREA W/ A 23 FT CEILING, DOUBLE SIDED FIREPLACE, A 2ND FAMILY ROOM WITH FIREPLACE, AND BUILT-IN CABINETS. ALL OF WHICH IS OPEN TO THE KITCHEN. FORMAL DINING RIGHT OFF THE...

03/17/2022

Do you need to relocate for work?

Depending on how far you’re moving, that can be a big job that requires a lot of time, effort, and money — hopefully, the new employer will help pay for the cost of the move.

In fact, if you’re wondering what sort of costs to expect, here’s a general breakdown to help!

Costs of Selling — If planning to sell a house by going the traditional route on the MLS through a real estate agent, one should expect to spend 7% to 10% of the sales price of their home on home prep, commissions, and closing costs. On a $250,000 home, that’s up to $25,000. If your home needs a lot of repairs, then this cost will obviously increase.

Costs of Moving — Moving itself can also be pretty spending. The cost here will depend on how far you’re moving and how much stuff you’re going to take along. You might need to rent a truck or even hire a moving company. Make sure to check and see if your new job will help with these relocation expenses.

Costs of Settling In — Don’t forget to budget for the costs of settling into your new home. Whether buying or renting, there are some upfront costs for that... including furnishing the home or updating decor as needed to fit your new location.

And if you want to sell your house as-is fast for cash rather than going the traditional route (which can take up to 3-6 months!), give us a call at 405-299-4545. We can make you a fair cash offer, close in as little as two weeks, and we’ll pay all closing costs!

Central Oklahoma House Buyers

03/08/2022

Renting vs. Buying?

Which is better?

Maybe you’re in the process of selling your home and you’re wondering whether it’d be better to rent or buy...

Well, at Blue Bill Properties, we’ve been helping home sellers get a fair cash price for their home in Oklahoma City for quite some time. Over the years, we’ve seen the pros and cons of both buying AND renting.

So we thought we’d take a moment to share those pros and cons with you.

RENTING PROS
- No Property Taxes
- Not Stuck With Depreciating Home
- Repairs Are Paid For
- No Down Payment

RENTING CONS
- Rent Annual Increases
- Doesn’t Build Equity
- Can’t Customize Property Without Owner’s Consent

BUYING PROS
- Builds Equity
- Lower Monthly Cost For Larger House
- Pride of Homeownership
- Customize Your Living Space

BUYING CONS
- Pay For Maintenance
- HOA Fees
- Large Down Payment Upfront
- Risk Of Decreasing Value
- Property Taxes

In our opinion, buying is a good idea if you can afford the down payment and don’t mind taking on the risking of OWNING the asset, while renting is a good choice if you can’t afford the down payment and/or don’t want to be responsible for the value of the asset.

Hopefully, you now have an idea of whether renting or buying is a fit for your needs. If you need to SELL YOUR HOME, however, then give us a call at 405-299-4545 — we specialize in helping people sell their homes fast and as-is for a fair cash price!

Central Oklahoma House Buyers

11/16/2021

Are you worried about your home’s foundation wearing down?

Unfortunately, a sinking or settling foundation is one of the biggest problems homeowners can experience — and it’s one that you DEFINITELY don’t want to ignore.

Just check out what Peak Structural Inc. has to say about it…

“One of the biggest dangers of neglecting a building’s foundation is structural damage. A sinking foundation can lead to massive damages in a home. This process is usually gradual and can culminate in major damages occurring over the years. When a foundation has become weakened, it produces a chain of events that can lead to catastrophic and expensive damages.”

In fact, here are some signs that a home’s foundation damage is starting to take a toll…

Cracks/Fractures — Cracks or fractures in the walls or floors are a common sign of structural problems in the home.

Appearance Of Settling Or Sinking — If the home’s walls and/or floors look like they’re sinking, that’s a sign that the foundation is weakening.

Foundation Upheaval — Conversely, if a foundation is bulging upward, that’s also a sign of structural weakening caused by moisture or the soil underneath expanding and contracting.

Doors That Don’t Work — One of the first signs of structural damage is doors that don’t open or close properly.

Gaps in Windows or Doors — Gaps around the windows or doors is one more sign that the foundation may be sinking.

Hopefully that helps! The average cost of fixing a home’s foundation is just over $4,000. If that sounds like too much, then you might consider selling your home to a professional homebuyer like us over at Blue Bill Properties. We can buy your home as-is for cash — give us a call at 405-299-4545 to get your fair cash offer!

Central Oklahoma House Buyers

09/08/2021

When you’re trying to sell a home, what exactly ARE closing costs?

Closing costs for a seller can reach 8% - 10% of the sale of a home. So estimated closing costs on a $250,000 home could be $20,000 to $25,000…

That’s a lot of money!

But where is that money going? Does the seller or buyer pay for closing costs? And are there any ways to reduce how much you pay in closing costs?

Unfortunately, in a typical real estate transaction, the seller will pay more closing costs than the buyer. Potential items included in seller closing costs are…

- Agent commission (paid by seller)
- Transfer tax (paid by seller)
- Title insurance (paid by seller)
- Escrow and closing fees (split between buyer and seller)
- Prorated property taxes (paid by seller up to close date)
- HOA fees (paid by seller up to close date)
- Attorney’s fees (paid by seller)

If the buyer demands updates or repairs before signing, or if the inspections find hidden damage, the seller might also be required to pay for repairs.

The good news is that these closing costs will usually just come out of the profit you make on your home… but that’s also BAD news.

Because it means you’ll make less money!

One way to reduce closing costs is to negotiate with your real estate agent on their commission. If they refuse to negotiate, it could be a red flag and you might consider finding a new agent.

Another option is to skip the traditional method altogether and sell to a professional homebuyer like us over at Blue Bill Properties. We can buy your home as-is for cash and close in as little as two weeks. And we’ll pay ALL closing costs. Give us a call at 405-299-4545 to learn more!

08/27/2021

Did you just inherit a home?

Well, paying taxes on an inherited property can be a little bit tricky.

For example, do you still get up to a $250,000 tax credit? Can a capital loss be deducted if the home sells for less than market value?

It’s probably a little overwhelming.

But not to worry, we’ve worked with lots of people in Oklahoma City who were in the same position… and here are a few things that you should probably be aware of.

There’s No Home Sale Tax Exclusion — Typically, a seller would be able to deduct up to $250,000 in taxes on the sale of their home. But that’s only on a primary residence. So it only applies to an inherited home if you live in it and use it as your primary residence for two years.

You’ll Benefit from Stepped-Up Basis Rules — The good news is that “stepped-up basis” rules consider the home’s value as being its fair market value at the time of the owner’s death. This is almost always a higher number, which can work in your favor tax-wise if the property is sold (because if you sell for less than the stepped-up basis, you’ll have taken a “loss”).

You Can Deduct Up To $3,000 Per Year For Losses — Any loss that is taken on the sale of your inherited property can be deducted from your taxes (a “loss” is when the property is sold for less than its fair market value). But you can only deduct up to $3,000 per year.

How To Sell Quickly, As-Is or Cash — Want to sell your inherited home quickly, as-is for cash? At Blue Bill Properties, we buy properties just like yours and we can even close in as little as two weeks and we’ll pay all closing costs. Give us a call at 405-299-4545 to learn more!

Central Oklahoma House Buyers

08/11/2021

Planning to hire a contractor to help repair or update your home?

It’s unfortunate, but at Blue Bill Properties, we’ve seen a lot of homeowners hire bad contractors :(

Sometimes they quit the job half-way through, do a shoddy job, or charge you more than promised.

That’s why we HIGHLY recommend vetting the contractor you choose to work with before signing any papers or paying any money.

In fact, here are a few tips for making sure you hire a contractor that’s going to do their job well.

Ask For Credentials — Obviously, you want to hire a contractor who’s qualified to work on your home. That’s why it’s a good idea to ask the contractor for the credentials they bring to the table. Where did they learn? Do they have any official certificates or credentials to prove they’re legit?

Ask For References — The best way to determine whether a contractor is trustworthy or not is to talk to people who have had work done by them in the past. Ask the contractor for some references who you can call and speak to. If they don’t have any or if they dodge the question, that’s a big red flag.

Double-Check The Contract — Before you sign anything, make sure to read the contract thoroughly. You might even hire a lawyer to help you understand the contract before you make a commitment. Don’t be afraid to ask the contractor questions as well.

Hope that helps!

And if you ever want to sell your home as-is for cash, give us a call at 405-299-4545 — we can make you a fair cash offer and close in as little as two weeks!

Central Oklahoma House Buyers

07/30/2021

What’s the best paint color for selling a home? 🤔

It might seem like a trivial question, but today’s buyers actually DO care about the color of the house they’re buying.

As a rule of thumb, stick with neutral colors — according to HomeLight’s Top Agent Insights Report for Q1 2020, 98% of agents surveyed agreed that neutral color schemes appeal the most to homebuyers.

To get more specific, here are some recommendations…

For common areas...

- Agreeable Gray by Sherwin-Williams was ranked the #1 paint color by agents in a Homelight survey.

- Accessible Beige by Sherwin-Williams for something a little more interesting than stone-cold gray.

- Penthouse by Clare for creating a sophisticated feeling in your home.

- Canvas Tan by Sherwin-Williams is great for complementing wood stains.

For the kitchen…

- Linen White by Benjamin Moore. It’s hard to go wrong with white in the kitchen!

- Newburyport Blue by Benjamin-Moore is a muted blue that makes for a great accent color.

For exterior…

- Iron Mountain by Benjamin Moore for a darker gray-brown color.

- Sparrow by Benjamin Moore for a warm and welcoming tone.

- Oyster White by Sherwin-Williams for a white color that complements homes with wood accents.

Hopefully, that helps you choose some paint!

And if you’re looking to sell your home in Oklahoma City, give us a call at 405-299-4545. We can buy your home as-is and make you a fair cash offer in just 48 hours!

Central Oklahoma House Buyers

07/21/2021

Did someone make you a cash offer on your home?

Did it seem too low? Or maybe it seemed too good to be true?

Whatever the case, when professional homebuyers make offers, they don’t always disclose WHY their offer is what it is… or even if it’s actually “fair” or not.

And you’re not a real estate expert — so how are you supposed to know whether their offer is worth taking?

Well, at Blue Bill Properties, we’ve been making people ACTUALLY fair cash offers in Central Oklahoma for quite some time now.

And here’s some advice for how you can protect yourself and make sure that you’re profiting as much as possible on the sale of your home!

Ask Them To Explain The Math — This is the easiest way to determine if the buyer’s offer is good or not. Ask them to explain their comps. If they’re trustworthy, then they won’t have a problem with doing this. But it’s definitely a red flag if they avoid the question.

Negotiate — Professional buyers are used to negotiating with home sellers, so don’t be afraid to roll up your sleeves and discuss the price with them. Remember, until you sign a contract, the power is in your hands.

Understand Their Process — Typically, the benefits of selling to a professional home buyer are that being able to sell quickly and with fewer expenses than usual. But the buyer wants to make money on their end as well, so keep that in mind when they make their offer; it’s going to be a touch below market value. It’s a trade-off.

If you want to learn more about this process and if you’re wondering if selling quickly for cash is right for you, give us a call at 405-299-4545! We’d love to chat with you. :)

Central Oklahoma House Buyers

07/16/2021

Living in an HOA community sounds like a dream…

Beautiful neighborhood, close-knit community, well-maintained yards…

Sounds great, right?

Well, not always.

In fact, one of the most common challenges of living in an HOA home is how restrictive it can be — mandatory maintenance, high landscaping expectations, poor communication, or consistent noise complaints from neighbors.

In other words… it’s not always as dreamy as it sounds.

So what can you do if you’re living in an HOA community that you don’t like living in?

The best thing you can do is be forward and honest with the HOA board about problems you’re experiencing. Most people are reasonable and will listen to your concerns. Plus, a little bit of context can go a long way.

If you’re still having a lot of uncomfortable disagreements with your HOA community, then you might consider selling the home and moving to a new neighborhood.

At Blue Bill Properties, we can purchase your house as-is for cash and even close in as little as two weeks. If that’s of interest to you, give us a call at 405-299-4545! We’re happy to explain our process to you.

Central Oklahoma House Buyers

07/06/2021

Moving for the military?

Well, at Blue Bill Properties, we’ve been honored to help homeowners (INCLUDING veterans and active-duty military personnel) sell their homes quickly for a fair cash price.

And we understand that selling under PCS pressure can be a little overwhelming. So here are some quick tips to help you sell in a timely and profitable manner!

Hire An Agents With Low DOM Average — If you’re going to sell the traditional route, then make sure you look for an agent with a low average Days-On-Market. The faster they’ve sold homes in the past, the faster they’ll likely be able to sell your home.

Avoid Selling As FSBO — Homes sold as For Sale By Owner typically sell slower than other MLS listings, so it’s probably good to avoid this option altogether.

Consider Renting The Home — The downside about selling your home for a military move is that it might be a bad time to sell… if that’s the case, you might consider renting the home out until the market improves, or just rent it out long-term and benefit from the cash flow.

Consider a Geo-Bach Move — This isn’t the most appealing option, but it is an option. Military personnel who move and leave behind their family at their previous station are known as Geo-Bachelors or Geo-Bachelorettes. Sometimes you just gotta do what you gotta do.

Sell To a Professional Homebuyer — At Blue Bill Properties, we can buy your home as-is for a fair cash price and close in as little as two weeks. If you want to learn more, give us a call at 405-299-4545!

Central Oklahoma House Buyers