Oklahoma City, Edmond and Deer Creek Area Neighborhood Information Covenants and Restrictions  Covenants and Restrictions are legal terms that outline an owners obligations imposed in a deed by the seller upon the buyer of real estate to do or not to do something. Such restrictions frequently "run with the land" and are enforceable on subsequent buyers of the property. Examples might be to maintain a property in a reasonable state of repair, to preserve a sight-line for a neighboring property, not to run a business from a residence, or not to build on certain parts of the property. Some covenants only prevent people from taking down trees, fundamentally altering places considered to have historical value or otherwise directly harming property values. Some determine what a homeowner can do to the exterior of the home. Most are written to encourage the increase or stability of the homes values. When you're buying a home, it's important to understand the restrictive covenants and other deed restrictions that are in place for the real estate you want to buy, because they dictate how you can and cannot use the property. The following link will allow you to search for more deatiled information on the most common neighborhoods. You can research Homeowner Association Bi-Laws, as well as Covenants and Restrictions of specific neighborhoods.  (Simply click on the "Return To Site" botton on the top right of your screen to return to our website at any time.) Since there are so many neighborhoods and some Covenants can be as long as 200 pages, not all will be available online. They can also be very complicated and sometimes contradictory because of changes in US laws as years go by. We have extensive knowledge of most neighborhoods and a collection of over 200 different area Covenants on file. If you have questions about a specific area, either listed or not listed, please feel free to email us. 
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Home Inspections >If It Is Broken Fix It
Most houses have a few "little" problems, like leaking faucets, a stove burner that won't light, or electrical outlets with too much "spark". These defects may not seem very important--unless your house is about to go on the market.
We rarely have difficulty getting sellers to agree to paint, replace worn carpets or plant a few flowers in the front yard. These kinds of repairs obviously increase the overall appeal of the property. However, if any of the major systems in your home need maintenance, it is also prudent to have the necessary repairs made. Have your furnace, central air-conditioning system, plumbing and wiring checked as part of your pre-marketing efforts. The best rule is--if it's broken, fix it!
The purchase agreement requires that a house be conveyed with all the systems in working order, and most buyers will bring in a home inspector to identify any potential problems. During the period of time between the "meeting of the minds" and the removal of the inspection contingencies, the buyers are the most vulnerable to an attack of buyer's remorse. This is also the time when anything that hasn't been repaired could become a major issue.
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What three things are necessary in order to purchase a home?
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Some cash, a dependable income and good credit. If you fall short, don't despair--homeownership may still be possible. |
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