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2015 Shredding Event a Success!

We are thrilled to report that our recent shredding event was a great success and we just wanted to take a moment to thank everyone who came out to support us!

For those of you who might not know, we hosted a community shredding event on April 25. More than 75 people came out to support the event by bringing items they wanted shredded.

More than just a place to securely dispose of important documents, however, our event was a way to get to get more connected with the community.

After all, we also provided face painting for the kids along with child-friendly games and free refreshments.

It was wonderful getting to enjoy the great weather, hang out with our neighbors and also give back to the community at large. So thanks for everyone’s help in making the event a success.

Did You Happen to Attend Our Shredding Event?

Then please make sure to head over to our Community Events page to see if you’re in any of the pictures we took at the event.

The page also has some great information about other past events we’ve held in the region.

Giving Back to the Community is Part of What We Do

We here at Accent Realtors believe not only in delivering quality real estate services to the community but also making the area better as a whole. That’s why we pride ourselves on regularly hosting events like the recent shredding event.

We hope you get a chance to check out our next event. For now, if you’re interested in buying or selling real estate anytime soon in the Tulsa area, make sure to contact us at Accent Realtors. We’d be happy to assist you!

Until next time,

Paul

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2014 Tulsa Real Estate Market in Review

Recap of the 2014 Tulsa Real Estate Market

The Accent Team had another wonderful year in Tulsa, and I hope you and yours had a fantastic 2014 as well! Buying and selling real estate is a huge investment. Find out how yours is faring.

Real Estate Market Recovery

Real Estate MarketThe market continues to recover although, at a slower rate than 2013. It also ebbed and flowed more in what we call a “see-saw” recovery. With a global economy, we are affected by so much more than just our local happenings.
The number of sellers in the Tulsa market was up 3.7% in 2014 vs. 9% in 2013.

Shifting to a Seller’s Market

Inventory was down compared to 2013. Tulsa area Months Supply of Inventory (MSI) was down from 7.18 in 2013 to 5.96 in 2014 which means we are heading towards a seller’s market.
Average time on the market was down to 52 days in 2014 compared to 54 days in 2013 and 60 days in 2012.
The most expensive home sold in the Tulsa area sold for $3,475,000 at 26th and Lewis.
Average sales price went up because buyers are finally buying the larger and more expensive homes.

Appreciation Prediction

Appreciation is always a tough number to pin down without selling the exact home multiple times over a period of time.
Our rough estimates are about 1% appreciation this year. We prefer to see 3-7%, but at least we are not losing value in most areas of town.

Effect of Interest Rates

Last but not least, interest rates are expected to rise in 2015, but then, they were also expected to rise in 2014 and did not.
Economists are guesstimating an increase to 5% or more by the end of the year.

Real Estate Investment

So- What do we recommend?

It’s still a buyer’s market in almost all price ranges but things are moving quickly if marketed, staged, and priced well.
It’s a great time to buy because of low rates and being close to the bottom of the market. Because the buyers are out in full force and low inventory, it is also a decent time to sell.
As rates go up over time, the buyer’s ability to buy will be affected.

We’re Here To Help

All this being said, we are extremely excited about 2015 and our ability to serve our clients even better! If you need any additional data or general information about the market, don’t hesitate to contact us. We are here to help!

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Accent Gives Back

Accent Gives Back!!
For every home closed Accent gives $25 dollars to the charity of our Buyer’s/Seller’s choice.
This month we have given to:
The Church at Midtown
The Church at Battle Creek
First Baptist Church in Catoosa
Big Brothers & Sisters
Pet Adoption League (2)
Make a Wish Foundation
Tamboa Buddhist Temple

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Real Estate Recovery

Some of our team members and I just returned from a fantastic real estate conference in Phoenix called Breakthrough 2013. Having been through a down market for the last several years in real estate, the overall theme of the conference was on recovery. It was so refreshing. Since 2007 we have had to adjust, adapt, streamline and make everything more efficient to stay profitable. We lost hundreds of Realtors in our Tulsa real estate market and even lost a few of our big name, long standing real estate companies to buy outs. But now, with our low interest rates, shrinking inventory, recovering economy and buyer pool size, we are finally seeing the first signs of recovery. So what did they really tell us in Phoenix? They reminded us of the value of relationships. They reminded us that great communication is more important than ever. 90% of all communication is still offline. They reminded us not to take life too seriously and that laughter is still the best medicine and last but not least, they reminded us to not let the pain or challenges of the past blind us from the promise of tomorrow.

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Tulsa Real Estate Market Update June 2013

We have found over the years that the best way to handle an interesting market is to understand it and educate ourselves on the trends and nuances of any changes it might be going through. Before I became an expert, I used to just cross my fingers. That was not a very good strategy.

So, we are seeing pending sales on the rise in our area. This is a good sign. More buyers are back in the market and the move up buyer is back as well. Inventory has come down but is trending up slightly because of the busy summer season. We are trending toward a more balanced market but it is still a buyers’ market with some great values out there. Economists are estimating around 1-3% appreciation this year in our values. This is a very moderate appreciation rate. Our average price of properties that are selling have gone up nicely though. This is just because bigger homes are now selling. Mortgage rate analysts are predicting around 4% by the end of the year which makes now the perfect time to buy. Last but not least, rents are increasing in our area after a decline in the toughest part of our real estate downturn.

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Productivity

A lot of people ask me how to make their days more productive. We all have the same 24 hours in everyday, and how we use it is critical to our success. One of the best things I have learned about productivity is that if we are working in our areas of talent, we can be much more productive.

I try to spend 80% or more of my day in things I excel in. The benefit of this is that you generally really enjoy those activities as well. So, find out what your strengths are. There are too many personality assessments out there to count but most will pinpoint the type of work you will be most effective in. They will tell you whether you will be good with detail work or strategic planning or face to face with clients selling your services. They are wonderful resources to get you started in the right direction.

Another way to increase productivity is to be very intentional about your daily accomplishments. Each morning, spend time doing planning and in solitude. During this time you want to evaluate your day, your business, and your successes.

One of the most effective strategies I have in being productive is that I get up before everyone else does. I usually wake up between 4:00 and 5:00 in the morning. I have found it gives me a head start on the day and my brain is very creative at that time of day. I am able to learn more and find better solutions for my life. My daily ritual is to get up and make coffee and then head to the home gym to exercise for an hour. During that time I listen to audio books on my iPhone at 3 times the normal speed. This way I can listen to two to three books a week and continually improve my knowledge base. I have found that education will solve any challenge you might be having in your life. It doesn’t matter if it is business related, marriage related or even challenges you might be having with your children. I also do my daily planning and solitude during that time and answer the questions that keep me focused on the highest priorities for the day.

Questions I recommend are as follows:

How did I fill my cup yesterday?

Right now I feel? Why?

What is the one thing I want to do today? What is my intention?

What could I do today to change the course of my business?

What task is so urgent that it would damage my business if it were not accomplished today?

Which processes in my business could be improved?

How can I improve these processes?

What friction points exist today?

Are the friction points different than yesterday?

Lately I have learned…

5 things I am grateful for today…

I am joyfully anticipating…

Last but not least, structure your day in blocks of time, so that you are always focused and intentional in your activities vs. multi tasking and putting out fires. If you can block time to make calls or to do your appointments, you will accomplish so much more in your day. Hope this helps and don’t hesitate to call or email if you any questions.

Paul Wheeler

Tulsa Real Estate

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Accent Realtor’s Vision

Our company vision is to educate our clients and communicate in such a way that they can make the best decisions for themselves and their families. Along with staying well educated about the market, we use a system that we call OCR. OCR is an acronym of Options, Consequences and Recommendations. Making major decisions is very difficult for most people. Once money and emotions get added in the mix making a decision can be very overwhelming. OCR breaks decision making down into manageable parts.

The following are the steps we take for OCR:
1. Discuss all available options with our clients based on circumstance and their specific needs
2. Look at all consequences of each option or choices. (Generally there are no more than 3 options)
3. Give our recommendations based on our years of experience and the needs of our clients
4. Have client make the decision they feel most comfortable with and feel would be best for them and their families.
5. Support our client in their decision
If we have done our job correctly providing OCR we have found 99% of the time our clients make great decisions because they get education they need to focus on their needs. It is what we call a WIN-WIN.

Thank you,
Paul Wheeler

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Accent’s Guaranteed Sale Program

Everyday we get questions about our Guaranteed Sale Program.
Is it for real? How does it work? Is it too good to be true?

 

Is it for real?  Yes, it is definitely for real and is one of the best tools in the real estate business for eliminating the fear of owning two homes at the same time.  Everything is agreed upon upfront so the seller has a timeline he can use to plan by.  There is comfort in knowing that his home WILL be sold.  How does it work?  In a nutshell, Accent and the Seller agree upon a current market value for the home being sold.  The home is then placed on the market for 90 days.  This gives Accent a chance to aggressively market the home.  If the home is not sold by the end of the 90 days, Accent will buy the home for up to 95% of the agreed upon market value. Is it too good to be true?  Well it is not for everyone.  There are certain situations where it simply will not work.  For example, if someone owes more for a home than it is currently worth, it is just not financially feasible.  Also, if the home is very unique, the programis not meant to get a whit elephant of someones back.  If you would like more information on this unique and successful program give us a call 918-665-8559.