Rodney Diller Edmond Real Estate

Price Reduced on 1904 Rosedale Dr in Edmond

Rodney Diller — Mon, 26 May 2008 04:58:00 GMT

Edmond, Oklahoma County - Announcing a price reduction on 1904 Rosedale Dr, a 2,251 sq. ft., 2 bath, 4 bdrm single story. Now MLS® $169,900 - Price slashed!.

This home was priced below the neighborhood comps (using homes not as updated as this one). Now, this home is priced for the smart money to come a steal it from me! This is my personal house, and I'd love to tell you about all the things I've done to it to make it perfect for you...and if it isn't perfect for you, you can tell me all the things you want me to do to it! Let's make a deal!

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EXTENDED HOURS Open House in Edmond on Sunday

Rodney Diller — Tue, 13 May 2008 05:23:00 GMT

Edmond, Oklahoma County - We invite everyone to visit our open house at 1904 Rosedale Dr on May 18 from 2:00 PM to 5:00 PM.

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Buyers who use the Listing Realtor

Rodney Diller — Thu, 17 Apr 2008 05:12:00 GMT

Good evening everyone. It's 12:00 am, do you know where your Realtor is? This one is awake after a midnight diaper change and feeding...so I thought I'd make a post!

Is it the right move for an intelligent buyer to use the listing Realtor on the house they buy? The easy answer is no, but there are some exceptions. The listing Realtor generally has a written agreement with the seller to work for their benefit. Even if they don't have this written agreement, they have an established relationship with the seller, and it is generally very hard for a listing Realtor to stay neutral when representing both the buyer and seller.

Most of the time, it is smart for the buyer to use their own representation in a transaction...a Realtor who is working for their benefit in the transaction. When push comes to shove in negotiating a contract, renegotiating over repairs after inspections, and making sure repairs have been completed in a satisfactory matter to you the buyer, you want someone who doesn't have any ties to the seller. If you use your own Realtor or the seller's Realtor in a transaction, you still don't pay anything for their services, so why not use someone who is working for you and not the seller?

Didn't I say there were some exceptions? I thought you forgot! In some circumstances, if the listing Realtor represents the buyer, the seller pays a smaller commission (this usually isn't the case). Why do you care as a buyer what the seller pays...no skin off your nose, right? Generally, a seller has a bottom line figure that he/she is trying to achieve. If the seller is paying less commission, then the seller may be willing to take less for the house, or make more seller concessions, like paying closing costs.

Normally, a Listing Realtor representing the seller and buyer just double dips on the commission when he represents both and dances all the way to the bank. As a way to get more listings and help my seller's out on their bottom line, I only charge a total commission of 4% when I represent the buyer and seller...instead of my normal 6%. So, on my personal listings, it may pay to use me as a buyer's Realtor...but I understand when people want their own representation. I consider myself a professional, and more importantly, an ethical professional who can put my client's interest above my own.

Questions about this blog entry or others? Let me hear about it. I love talking shop and educating (and yes, sometimes being eductated!) my fellow man!

Open House in Forest Oaks on Sunday, April 13th

Rodney Diller — Thu, 10 Apr 2008 19:17:00 GMT

Forest Oaks, EDMOND - We invite everyone to visit our open house at 1904 Rosedale Dr on April 10 from 2:00 PM to 4:00 PM.

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How to choose a buyer's Realtor

Rodney Diller — Wed, 09 Apr 2008 17:57:00 GMT

So, you know you want a home, and you know a buyer's Realtor is paid out of the seller's proceeds (so their expert service is free to you!), but you don't know the best way to choose a Realtor. Your friend's, cousin's mother-in-law is nice and just go in the business...but you're not sure. Here's some quick advice on what you should look for in a Realtor to represent you as the buyer.

Market Expert -- In another blog for choosing a listing Realtor, I mentioned the listing Realtor doesn't have to be an expert on your area. As a buyer's Realtor, though, the Realtor must know the area you are interested in buying in like the palm of his/her hand. You don't want to be riding with a Realtor who doesn't know the inside scoop on what neighborhoods are hot, which are not, and which schools have the best reputation. Personally, I specialize in Edmond and north Oklahoma City. If I have buyers that are interested in buying in Norman, or some other outlying area I'm not very familiar with, I will generally refer them to a local expert...which I am more than happy to do.
Experience -- Once again, thank you to those people who trusted me with their biggest purchase 7 years ago, but you want someone representing you that has filled out a contract outside of the classroom.
Availability -- Get every form of communication your Realtor has, and expect them to answer it when you contact them. The best homes (either condition or price), sell quickly...and if your Realtor doesn't answer their cell phone when you call, you might not even have a chance to get in the game.

Hope this was somewhat educational. Have a great day!

How do you choose a Listing Realtor?

Rodney Diller — Wed, 09 Apr 2008 17:43:00 GMT

So, you have a house to sell, and you don't know what to do, or who to get to help you. You've reached the first important step, you realize you need help! So, you're on your way to 12 steps of recovery!

I could write several pages on what is important, but I think 3 things are most important...and the rest should fall into place.

Availability -- You want a Realtor who is going to give you and potential buyers his cell phone, e-mail, pager number, finger prints (ok, overboard)... and will respond to inquiries quickly. When buyers are out trolling neighborhoods, if a Realtor doesn't call them back in less than 5 minutes, chances are, they've gone on to another house and don't know what you are talking about.
Experience -- While I am very thankful for those clients who trusted me 7 years ago with the sales of their homes, you want a Realtor that has been around the block and does real estate as their full time job. It amazes me how many people entrust the marketing of their homes to part-time, retired soccer grandmas. You want a Realtor who has only one thing on their mind...selling your house!
Marketability -- How buyers for your listing are reached has changed dramatically over the last 10 years. You want someone with a strong, online presence and understanding of internet marketing. Less than 10% of people in a recent survey sited print media as their primary means of finding a home. Contrarily, more than 75% of people said they used the internet in their search in some way.

Does it matter where the listing Realtor lives and works? Not as much as when you are a buyer. A buyer's Realtor has to be an expert on an entire area that his/her client is interested in. A listing Realtor only has to become an expert on your house, and your neighborhood/school to a lesser extent. Bottom line, if you have a good Realtor who lives a little ways away from you, be confident in listing with them...as long as the Realtor is willing to drop everything and show your house at a moments notice!

Hope this helps! Have a great day!

The fed keeps cutting rate, why don't home loans go down?

Rodney Diller — Wed, 09 Apr 2008 17:27:00 GMT

As most loan officers will tell you, few times do they field more calls from potential borrowers, than when the federal reserve chair cuts the prime rate. Sometimes home loans go down when this happens, but sometimes they go up. Why? The easiest way it has been explained to me is home loan rates usually are tied to the bond market. Usually, if the stock market is up, the bond market is down. Often, when the Fed cuts the rate, a stock market rally quickly follows, which can lead to higher mortgage rates.

So, if you are waiting on buying a home or refinancing, because you want the Fed to cut rates again, it probably isn't going to help. From reputable, local lenders, a 30-year fixed mortgage is going for around 5.75%. Historically, this is a great rate. Jump on it!

Open House Sunday, April 13th 2-4 in Forest Oaks

Rodney Diller — Wed, 09 Apr 2008 17:25:00 GMT

We invite everyone to the open house in Forest Oaks at 1904 Rosedale Dr, Sunday 2-4 pm. Additional master bedroom closet space has recently been added, so come take another look!

Good thing your in Oklahoma?

Rodney Diller — Wed, 09 Apr 2008 17:16:00 GMT

Oklahoma is one of the few states in the nation that is not feeling a real (pun intended) real estate slow down. Oklahoma has experienced around 3% growth this year in average prices, compared to last. Why is Oklahoma doing fine, while the rest of the country is crashing? This could be a long blog, but it can be summed up in a couple of statements. First, Oklahoma has experienced moderate, steady growth over the past 20 years after the scandals of the 1980's, where as other places that are hurting now experienced hyperinflative price tendencies over the last decade that could not be naturally sustained. Secondly, Oklahoma's job market is strong..with oil, gas, and technology being the big three that are keeping are economy humming.

Have home sales slowed down in Oklahoma? Yes, compared to the record setting pace we were use to from 2004-2005. Looking at the big picture, though, we are doing just fine.

So, if you are sitting on the fence about buying a house, educate yourself with some hard facts on our market. The link below will help you. Have a great day!

http://whyrealtorswork.com/GoodThing/Index.html

Mortgage fallout destroying Edmond homes market???

Rodney Diller — Tue, 28 Aug 2007 21:31:00 GMT

Good afternoon everyone. Is anyone panicking yet? If all I did was read the headlines and listen to the main-stream media, I'd be looking for a new job about now! Over the last month, the mortgage industry has undergone a major overhaul. The days of putting people into homes with no money in their bank account and 103% financing are over. Basically, we're only going to put people in homes that they can afford...what a crazy concept! This is going to limit what people in the sub-prime market can do. This is the segment of the buyer market that is effected most by the recent changes in lending practices. Why am I not panicking? These people who really probably shouldn't be buying a house at this point in their life only make up about 11% of the buyer's market. That's a lot of people, but it isn't the end of the world.

Every year when school starts, there is a slowdown in the market through the first few weeks of the school year, labor day, and the state fair...and then we get back on track for a few months until the Christmas break.

No matter how many national news stories the local wires pick up, I can't emphasize enough that we are not California, Florida, or any other place that experience hyper-inflation in the housing market sector over the past decade. We have made modest price increases since the bust of the early 80's and are now back on track.

You are thinking I'm biased...my income depends on you believing we are not on the verge of a housing bust in Edmond Oklahoma. I am biased, but I'm putting my money where my mouth is. I'm personally selling one house now, another in January and I am currently building a new home at $108/square foot. Look at all the economic indicators and tell me our economy is not good. Cut through the political propaganda, the scare tactics for ratings, and you'll see we have a very balanced housing market in this little piece of heaven called Edmond, OK!

For Sale in Capitol View Park (SE Edmond)

Rodney Diller — Wed, 22 Aug 2007 22:57:00 GMT

• 1,540 sq. ft., 2 bath, 3 bdrm ranch - MLS® #302247 $122,500 - SE Edmond under $125k!

Capitol View Park, Edmond - N. of Memorial between Bryant & Coltrane on Scott. Right on 140th, left on Rhonda.

Great SE Edmond location for I-35/Kilpatrick. OKC utilities! Move-in ready creampuff! Huge vaulted living area. Tons of kitchen/hall storage. New Carpet/paint/french doors/screen door. HVAC recently serviced. 2nd living is enclosure with own H&A. You won't find a better SE Edmond home under $125k & $80/ft!

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Using Open Houses to find a home in Edmond.

Rodney Diller — Fri, 08 Jun 2007 19:57:00 GMT

For years, open houses have been a staple in the Realtor's marketing plan. Seller's love open houses because it is activity that they can visibly see. Buyer's like them because they can see a house with little expectations from a seller or Realtor. Neighbors and "Lookie-lous", or people just out passing time on a Sunday afternoon, are the people that take advantage of open houses most.

With the price of gas and the vast resources available on-line to an informed buyer, open houses are becoming a thing of the past as a means to sell a house. I like open houses, because it gives me a chance to meet new people, but statistics show that less than 3% of homes sell from an open house. That is a lot of time and gas for buyers to spend for only a 3% success rate!

Is there a better way to find a house? Less than 10% of people use print media as their source for finding their next home. An increasing amount of people are turning to the internet for their primary exposure to the housing market. My website provides a great new listing notifier that you can sign up for. Or, if you'd like to e-mail me your name and search criteria, I can set up a custom mls gateway that will show you every home listed that fits your criteria by any Realtor...the same information I see!

Finding the house you want is of course just the beginning. You need someone working for your benefit in the transaction. I can help you find that house, but more importantly, I will protect your interest from start to close. Let me know if I can help!

2 Story For Sale in Cedar Ridge

Rodney Diller — Mon, 23 Apr 2007 14:57:00 GMT

• 2,206 sq. ft., 3 bath, 4 bdrm - MLS® $179,900 - Big Lot, Cute Playhouse

Cedar Ridge, Edmond - FROM BRYANT AND 33RD, NORTH ON BRYANT TO SHALAMAR. WEST TO PROPERTY. This is a great house with an even better lot and SE Edmond location!

Not much to do on this one. Updates include Tile, Appliances, Paint & Wallpaper. Glazed cabinetry. Large rooms. Mature trees and deck with built-in seating. Unique detached gameroom/shop in back with a/c & electricity (225 SF, not included in SF of home). Huge Corner lot! COME & GET IT!

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New Listing in Edmond!

Rodney Diller — Fri, 30 Mar 2007 16:00:00 GMT

It is my pleasure to tell you a little bit about a great starter home in Edmond that is sure to sell fast. It is located at 609 Pepperdine Ave in SE Edmond, just to the north of Oklahoma Christian University. It is listed to move at $129,900. With just under 1,500 square feet, 3 bedrooms, 2 bathrooms, and a 2 car garage...this home has everything you could ask for in a first home. Improvements since 2004 include carpet, paint, major insulation improvements, extensive landscaping, and a total remodel of the master bathroom from the studs up.

Besides the great features of this home, it is located in a great location. Whispering Heights is an established neighborhood located within minutes to several shopping centers, restaurants, and the main transportation veins of Broadway Extension, I-35, and the Kilpatrick Turnpike.

For pictures of this great listings, click here!

Edmond real estate market heating up!!!

Rodney Diller — Fri, 09 Mar 2007 22:32:00 GMT

No matter how much the mainstream media tries to tell us we are in a recession (or maybe even a depression!), home sales continue to perplex the doubters of our economy's strength. Interest rates continue to remain low at around 6%. Unemployment dropped last month again down to 4.5%. This is not the bullish real estate market of 2004, but people continue to take advantage of low rates and reasonable housing. If you don't believe me, e-mail me or make a post. I'd love to share the raw data that shows Edmond has nothing to do with overpiced coastal state real estate and is not going down the drain.

Is the Edmond housing market slowing down?

Rodney Diller — Tue, 06 Feb 2007 15:48:00 GMT

I wanted to give everyone an update on the Edmond real estate market. Keller Williams agents are involved in 1 out of 3 sales in Edmond, so Keller Williams is a decent gauge for what is going on in the Edmond homes market. June was Keller Williams Edmond's biggest closing month EVER! If our local market was in trouble, do you think this would happen? It cannont be denied that the coastal markets are imploding...which will have some drag on our local market.

The sky however, is not falling in the Edmond housing market! Our market will always be somewhat insulated from national trends, as long as we have the best public schools in the metro, low crime, and a high quality of living that anyone transferring into the metro workforce wants to enjoy.

Edmond has always been not only a smart place to enjoy life, but a smart investment...and it will continue to be a good investment!

Ice Storm 2007

Rodney Diller — Wed, 17 Jan 2007 22:23:00 GMT

I hope everyone is staying safe and driving only when necessary. My Edmond home is on a hill, and I could hardly get out of my driveway! While many of us are only inconvenienced by this storm with a major case of cabin fever, some are in need of serious help. Organizations are in place if you need help. If you don't know who to call, e-mail me and I'll point you in the right direction. Stay warm and pray for a break in this cold weather!

New Edmond Real Estate Blog

Rodney Diller — Tue, 16 Jan 2007 22:14:00 GMT

Hello Everyone! To everyone who has subscribed to my listing update service, thank you so much for your patronage! This blog is dedicated to everything current in Edmond, Oklahoma and our unique Real Estate market...as well as making www.homesofokc.com your one stop shop for anything related to buying or selling a home in our great state.

I need your help to make this website number one in the Oklahoma City metro. If there is any content you feel needs to be added to my website to better serve you the consumer, please let me know! The internet can be a powerful information tool, but only if we use it! So please, navigate my site and tell me how I can help you better.

Feel free to e-mail me, or click here to chat with me live!

I will be adding posts on a regular basis, so add me to your favorites page, if you haven't already. Thanks so much and have a great day!

3613 NE 142nd Ct in Capitol View Park is Sold!

Rodney Diller — Fri, 12 Jan 2007 06:00:00 GMT

Capitol View Park, Edmond - The ranch at 3613 NE 142nd Ct has been sold at asking price in just under a week!

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