Addison Sunday - Realtor, 13315 E 112th Street N Suite 100, Owasso, OK (2026)

09/11/2026

Miss The Games Last Week?

I Got You Covered!😊

09/08/2026

Ever Think You Could Buy A Home With Zero Down? 🔑

For buyers looking across suburban and rural areas around Owasso, Rogers County, and the Greater Tulsa Area, combining a USDA Rural Development Loan with seller concessions is one of the few legal ways to buy a home with virtually zero money out of pocket at closing.

Here is how this strategy eliminates both the down payment and closing costs:

🌾 1. The Zero Down Payment Feature
Unlike conventional loans that require 3% to 20% down, the USDA program offers 100% financing for qualified buyers purchasing in eligible geographical areas. That immediately takes the biggest financial hurdle (the down payment) completely off the table.

🤝 2. Covering Closing Costs with Seller Concessions
Even with a zero-down loan, buyers still face 2% to 4% in out-of-pocket closing costs (title work, lender fees, escrow prepayments, and home insurance). However, USDA guidelines allow the seller to contribute up to 6% of the purchase price toward your closing costs. By negotiating seller concessions into your purchase contract, the seller covers those fees out of their proceeds.

💡 3. An Example in Real Dollars
Suppose you find a qualified home for $250,000 with $7,500 in estimated closing costs and prepayments:
• Down Payment: $0 (via USDA)
• Closing Costs: $7,500
• Seller Concession Request: $7,500 (3% of sales price)
• Total Cash Required at Closing: $0

While sellers are less likely to grant concessions on multiple-offer properties, this strategy is incredibly effective for homes that have been on the market for a few weeks or during balanced market conditions.

08/31/2026

Ever open your mortgage statement in year two and get hit with a sudden, unexpected payment increase? 📈

If your "fixed-rate" mortgage payment jumps after your first year in a home, the loan rate didn't change: your escrow account did.

Across Owasso and the Greater Tulsa Area, first-year escrow shortages are extraordinarily common. Here is why that monthly spike happens and how the double-whammy math works:

📉 1. The First-Year Tax Trap
When you buy a home, your mortgage servicer sets up your escrow account using the previous owner’s tax bill. But because Oklahoma removes property tax caps when ownership transfers, the county reassesses the property based on your purchase price. When that new, higher tax bill hits, the escrow account pays out more than was collected.

💸 2. The "Double Catch-Up" Math
When an annual escrow analysis reveals a shortfall, your lender requires two things at once:
• Paying back the deficit: Covering the money the bank already paid out of pocket to clear last year's tax or insurance bill.
• Funding the future: Raising your monthly contribution going forward so the account stays fully funded for next year’s higher bill.

Paying a negative balance and raising future monthly reserves simultaneously creates that drastic payment jump.

🛡️ 3. How to Avoid the First-Year Shock
You don't have to wait for the lender's annual statement. By estimating post-sale property taxes on your actual purchase price before closing, you can voluntarily add extra funds to your escrow account early, preventing an escrow deficit before it happens.

08/26/2026

That “extra 400 sq ft” on a listing might not actually exist on paper... 😳

When looking at homes across the Greater Tulsa Area, it is common to see properties advertising enclosed back porches, garage conversions, or room additions.

While extra space adds great lifestyle value, how that space was constructed plays a massive role in appraisals, bank loans, and total home value.

Here is what appraisers look for before counting bonus space toward official square footage:

📐 1. The 3 Rules for Living Area
For space to count as official Gross Living Area (GLA), appraisal standards (ANSI) require three things:
• It MUST have permanent heating and cooling (window A/C units and space heaters do not count).
• It MUST be finished to the same quality as the rest of the home.
• It MUST be directly accessible from inside the house without stepping outdoors.
(Plumbing isn’t required unless it is a bathroom, but those three structural rules are non-negotiable).

🛠️ 2. Permits & Building Codes
Even if an addition is beautifully finished with central air, an appraiser checks local permit records. If electrical or structural additions were completed without city permits, the appraiser may exclude the space or flag it for lender review.

🏦 3. The Impact on Your Loan
Lenders base mortgage limits strictly on official appraised square footage. If you agree to a price based on 2,500 sq ft, but 400 sq ft of a converted patio fails appraisal standards, the home appraises at 2,100 sq ft. That creates an unexpected appraisal gap right before closing.

Bonus space adds functional room for your family, but verifying permits, HVAC systems, and layout connections early protects your budget and long-term equity.

08/24/2026

Why Neighboring Homes Can Have Drastically Different Property Taxes 🏡💰

It’s common for new homeowners to look at a property’s current tax bill and assume their taxes will stay identical after closing.

In Oklahoma, that assumption can lead to a major surprise during the first annual escrow analysis. 😬📈

Understanding how property tax caps work explains why two identical houses on the same street can have completely different tax bills:

🛡️ 1. The Oklahoma Statutory Cap Protects Existing Owners

For homeowners with a Homestead Exemption, state law caps annual taxable value increases at 3% per year (5% without the exemption), regardless of how quickly market values rise.

If someone has lived in their home for 10 or 15 years during a strong market, their taxable value can be significantly lower than the home’s current market value. 📊🏠

🔄 2. The Cap Resets When Ownership Transfers

When a property sells, that statutory cap is removed for the new owner. The county assessor reassesses the property based on the recent purchase price and full fair cash value.

In other words, the property can become “uncapped,” bringing the taxable value closer to current market conditions for the year following the sale. 📈

📉 3. The Impact on Monthly Escrow Payments

Mortgage lenders often estimate initial escrow using the seller’s existing tax bill. That can create an escrow shortage when the county later bills based on the new, uncapped valuation.

The result? 💸 Your lender may need to increase your monthly payment to cover both the higher future taxes and the previous year’s escrow shortage.

🏡 The takeaway: Don’t assume the seller’s current property tax bill will be your long-term tax bill.

Factoring in the potential uncapped valuation before closing helps buyers plan their monthly budget around the long-term reality, rather than a temporary tax bill.

💬 Buying a home? Make sure you understand the property taxes before you close.

08/21/2026

Home Inspection vs. Appraisal Inspection: What Is the Difference?

During a home purchase, buyers often see two different inspectors walk through the front door. It is easy to assume they are doing the exact same job, but their roles are completely different.

Knowing who does what helps buyers and sellers understand what to expect during a closing timeline:

🔎 1. The Home Inspector Works for the Buyer. A licensed home inspector evaluates the overall health of the property. They look behind walls, climb into attics, test the HVAC, check plumbing, and review electrical panels. Their goal is to give the buyer a detailed report on mechanical systems, deferred maintenance, and potential safety hazards.

📊 2. The Appraiser Works for the Lender. An appraiser evaluates the property to determine its official market value for the bank. While they do walk through the home, they are primarily comparing the property against recent neighborhood sales, square footage, and overall condition to make sure the house supports the loan amount.

⚙️ 3. Different Types of Reports. A home inspection report can be 30 to 50 pages long, filled with detailed photos and maintenance recommendations. An appraisal report focuses heavily on market comps, neighborhood data, and basic structural standards required by loan guidelines like FHA, VA, or conventional mortgages.

Both evaluations serve a distinct purpose in protecting the overall investment and keeping a transaction secure.

08/19/2026

What "Days on Market" Actually Tells You About a Property

When browsing local listings across Owasso and the Greater Tulsa Area, one of the first numbers people notice is Days on Market.

It is easy to assume a home sitting on the market for 45 or 60 days must have a major issue, but that is rarely the whole story.

Understanding how to read this number gives both buyers and sellers a much clearer view of property reality:

⌛ 1. Market Averages Shift by Season and Price Point In Owasso and Tulsa, median days on market hover between 25 and 50 days depending on the neighborhood and price bracket. A $250,000 starter home typically moves much faster than a $700,000 property simply because the pool of qualified buyers is larger. A higher DOM on a luxury home is completely normal.

🏷️ 2. The Difference Between Overpriced and Unusable When a property sits past the local average, 90% of the time it comes down to initial positioning rather than physical defects. An overprice of just 3% to 5% can cause active buyers to skip a listing entirely. Once a strategic price adjustment is made, interest often resets instantly.

🔄 3. Pending Status vs. Active Status Sometimes a home shows a long DOM simply because a previous buyer's financing fell through late in the process, forcing the home back onto the active market through no fault of the seller.

Days on market is a tool for context, not a complete verdict on a home's worth.

08/07/2026

🏡 New construction doesn’t mean an inspection isn’t necessary.

I was at an inspection this morning for an Old School Construction home they had featured during the Parade of Homes, and it was a great reminder of why inspections are an important part of the home-buying process.

Even with a brand-new home, an inspection provides buyers with an additional set of experienced eyes to evaluate the home and identify items that may need attention before closing.

It’s not about expecting a new home to be perfect. It’s about giving the builder an opportunity to address concerns early and giving the buyer greater confidence in their investment.

Whether you’re purchasing a brand-new home or a home that’s been around for decades, a professional inspection is an important step in protecting your investment.

🔑 New home. Experienced eyes. Greater peace of mind.

08/01/2026

Smooth transactions don't just happen. They take a lot of quiet prep work behind the scenes before anyone ever signs the final paperwork.

Working as both a Realtor and a Notary Public across the Greater Tulsa Area gives me a front-row seat to how small details protect a deal.

Here are 3 small things that prevent big delays:

📋 1. Checking Title Records Early
Catching unexpected property line issues or old liens early gives everyone time to fix them long before closing day.

🛠️ 2. Setting Clear Repair Deadlines
Putting firm dates on inspection requests keeps negotiations fair and keeps the timeline moving forward.

✏️ 3. Double-Checking Paperwork
Making sure every signature, disclosure, and notarization is 100% accurate prevents costly last-minute surprises.

Real estate involves a lot of moving parts. Getting the fine print right from day one is just as important as finding the right house.

08/01/2026

🚨 OPEN HOUSE TOMORROW! 🚨

Join me tomorrow from 10:00 AM – NOON to tour this stunning, move-in-ready home in North Owasso's Preston Lakes neighborhood!

📍 14908 E 88th St, North Owasso, OK 74055

💰 Offered at $359,000

🏡 3 Beds + Office | 2 Baths | 2,112 SqFt | 3-Car Garage

Why you don't want to miss this one:

☀️ Fully Paid-Off Solar Panels: Enjoy little-to-zero electric bills from day one!

🛠️ Major Updates Done: Brand-new roof & HVAC (2022), plus a new hot water tank (2025).

🔊 Entertainment Ready: Open-concept layout featuring new 7.1.4-channel surround sound wiring and 4 ceiling speakers.

✨ Turn-Key Luxury: Fresh paint, upgraded top-tier carpet, and a whitewashed brick fireplace.

📦 Bonus Space: New 10x12 storage shed, drop-down attic ladder, and a double privacy gate.

🏊 Community Perks: Neighborhood pool access in a quiet double cul-de-sac.

Stop by tomorrow morning and let's find your next home!

Addison Sunday

REALTOR®

Keller Williams Realty Premier

📱 (918) 549-5585

✉️ [email protected]

Addison Sunday - Realtor

09/11/2026

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