F REAL ESTATE SATURDAY, APRIL 16, 2011 THE OKLAHOMAN | NEWSOK.COM INDEX Permits 3F Handy 5F Stone 8F HOUSE PLAN Home is castle A turret containing a curved staircase, a covered balcony and porte cochere leading to the garages are featured in the Carlisle. PAGE 6F LISTING OF THE WEEK Two-story has room The Listing of the Week is a large two-story house on 0.38 acre in northwest Oklahoma City. PAGE 8F DON’T FRET OVER SALE If you have a house on the market, there are ways not to worry yourself to death over it. PAGE 4F IN BRIEF GARDENERS THINKING VERTICAL The ground isn’t the only place where gardens grow. Look up, and you just might notice plenty of vertical and abo- veground surfaces that can be en- hanced by plants. Susan Morrison and Rebecca Sweet explore the subject of vertical gardening in “Garden Up!: Smart Vertical Gar- dening for Small and Large Spaces.” The book offers ideas and guidance for gardening with ar- bors, trellises, walls and other vertical structures; garden- ing in narrow spaces and urban areas; and growing edible plants vertically. “Garden Up!” is pub- lished by Cool Springs Press and sells for $19.95 in softcover. CUSTOM TILES AVAILABLE Can’t find the right color of tile? Imagine Tile has it covered. The company lets you custom-order ceramic tile in any color. It uses color- matching technol- ogy to formulate a tile glaze that exact- ly matches the hue of a paint chip, fabric swatch, team logo or anything else you supply. The tile is available in a variety of sizes and finishes. The color-matching program is part of Imagine Tile’s cus- tom-tile services, which also create tiles from photos and other images. Tiles can be ordered at www.imaginetile. com. Typical prices range from $22 to $30 per square foot for an order of 100 square feet to $7.50 to $11.50 per square foot for 2,000 square feet. MCCLATCHY-TRIBUNE INFORMATION SERVICES WASHINGTON — You may have seen reports that the federal government is pro- posing new mortgage fi- nance rules under which only home purchasers who can afford a minimum 20 percent down payment on a conventional loan would get a shot at the best avail- able interest rates and terms. That is correct, and it’s deeply sobering news for large numbers of first- time and moderate-in- come buyers who can’t come up with that much cash or afford to pay higher rates. But some of the other requirements that federal agencies and the Obama administration are pro- posing in the same plan have gotten much less at- tention yet could prove just as troublesome for consumers: I Strict mandatory debt-to-income limits. Under the proposal, to get the best mortgage rates, you’d need to spend no more than 28 percent of your gross monthly in- come on housing-related expenses, and you couldn’t have total monthly household debt that exceeds 36 percent of your income. There would be no flex- ibility to go beyond these ceilings, unlike in today’s marketplace where Fannie Mae and Freddie Mac con- sider debt-to-income ra- tios along with other fac- tors through their elec- tronic underwriting sys- tems. Freddie Mac, for example, has an overall debt-ratio limit of 45 per- cent of an applicant’s sta- ble monthly income. I To refinance your ex- isting mortgage and re- place it with one carrying the best available interest rate, you’d need no less than a 25 percent equity stake in your house to qualify. If you sought to take any additional cash out through a refi, you’d need 30 percent equity. Today’s typical require- ments for a conventional refi are nowhere near as strict. I Pristine credit stan- dards. For example, if you were 60 days late on any credit account during the previous 24 months, you’d be ineligible for a mortgage at the best available terms. These are all core fea- tures of what may be the most sweeping and con- troversial set of changes in decades for the housing and mortgage markets. The so-called “qualified residential mortgage” pro- posals were released at the end of March by banking, securities and housing regulators, along with the Department of Housing and Urban Development. The agencies were re- quired by the 2010 finan- cial reform legislation to come up with new stan- dards for low-risk conven- tional mortgages. Congress did not specify precisely what a “safe” mortgage should look like, but directed the agencies to consider such factors as full documentation of bor- rower income and assets plus avoidance of toxic features such as negative amortization and balloon payments. Congress was silent on the subject of minimum down pay- ments. Under the law, loans that do not meet the strict tests will be pushed into a less-favored, higher cost category: Banks and Wall Street securitizers will need to set aside 5 percent of loan balances into re- serves to handle possible losses from defaults. This extra capital cost inevita- bly will be passed on to consumers. Mortgage industry esti- mates of the interest rate differential between ultra- safe qualifying loans and all others range from three-fourths of 1 percent to three percentage points. In today’s market, this would mean that mortgag- es that meet the federal agencies’ stringent new standards might go for 5 percent. But all others — the vast majority of today’s conventional loans — could cost anywhere from just under 6 percent to 7 percent and higher. You can only muster a 10 percent down payment? Tough. You can’t quite fit into the tight confines of the new debt-to-income Qualified residential mortgage may be trouble Kenneth Harney THE NATION’S HOUSING SEE HARNEY, PAGE 2F Even as Dennis and Shellee Wells lead one visitor through their sleek, modern home, the doorbell rings downstairs. Shellee Wells pops down to an- swer it, and returns moments later to report a couple had stopped by simply wanting to look through the place. Dennis Wells shrugged off the interruption. “Happens all the time,” he said with a smile. It might make for good practice. Their home at 834 NW 7 in what the Wellses call Oklahoma City’s SoSA (South of St. Anthony) neighborhood, is one stop on the American Institute of Architects Central Oklahoma Chapter’s 10th annual Architectural Tour. The self-guided tour is from noon to 5 p.m. today. Tickets are $15 at any stop on the tour. Dennis Wells, 58, an architect with Miles Associates, and Shellee Wells, 48, a consultant with Smith Lighting, decided to plunge into downtown life three years ago. Their twin daughters, Hillary and Meagan, were preparing to leave the nest — or more specifically, the bungalow in Yukon that had been home for years. “It’s actually pretty simple,” Dennis Wells said. “We were look- ing for the cheap house with a view of downtown.” They bought a slice of a small lot at NW 7 and Francis — before the area showed signs of reviving — and worked together on the house design. The result is a house that stands out, its sleek lines and earth-toned exterior at odds with its more traditional bungalow neighbors. The couple refers to the home as a “Box for Living” with efficiency at its core. The 800-square-foot lower story serves as a guest suite, com- plete with a kitchenette and its own washer and dryer. The living area upstairs covers 1,400 square feet, light woods and pale walls making the most of natural light. Sliding glass doors in the corner frame a view of downtown, in- cluding the rising Devon Building. “It’s very open, and we don’t have a lot of windows,” Shellee Wells said. “But every place we have a window, there’s a view.” They’ve tailored their home to their needs, Dennis Wells said. He shows off the closet just off the master bedroom upstairs — it also doubles as a laundry room, keep- ing the whole clothes-washing enterprise within the frame of a few steps. Electronics are tucked away be- hind cabinets. A safe room in the garage also serves as an informal wine cellar. An astronomic clock system controls the shades and lights throughout the house. In general, they keep things simple, he said. “Everything’s where it’s need- ed, and there’s nothing that’s not needed,” he said. Other stops on the tour, and ar- chitects, are: I Accel Financial Staffing (811 N Broadway; HSEarchitects): The recruiting firm calls the former Oklahoma Packard Motor Co. in Automobile Alley home, and re- cent renovations were done with a light hand to preserve many of its original finishes. Full-height glass walls up front allow natural light to penetrate the back, and the ductwork is exposed overhead. I Oklahoma Case Study House/Lovallo Residence (825 NW 7; Fitzsimmons Architects Inc.): Open terraces and elevated patios help bring the indoors out, while the open floor plan and sweeping views of downtown help bring the outdoors in. The home’s design was partially influenced by the California Case Study Houses, ARCHITECTURAL TOUR FEATURES UNUSUAL, DRAMATIC BUILDINGS Dennis and Shellee Wells call their home at 843 NW 7 “A Box for Living.” It is one of several stops today on the annual architectural tour organized by the American Institute of Architects Central Oklahoma Chapter. PHOTO BY DAVID MCDANIEL, THE OKLAHOMAN Shellee and Dennis Wells show the interior of their unusual home. PHOTO BY DAVID MCDANIEL, THE OKLAHOMAN BY DYRINDA TYSON Special Correspondent [email protected]SEE TOUR, PAGE 2F Ellen James Martin SMART MOVES
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FREAL ESTATESATURDAY, APRIL 16, 2011 THE OKLAHOMAN | NEWSOK.COM
INDEX
Permits 3FHandy 5FStone 8F
HOUSE PLAN
Home is castleA turret containing a curvedstaircase, a covered balconyand porte cochere leading tothe garages are featured inthe Carlisle.PAGE 6F
LISTING OF THE WEEK
Two-storyhas roomThe Listing of the Weekis a large two-storyhouse on 0.38 acre innorthwest OklahomaCity.
PAGE 8F
DON’T FRETOVER SALEIf you have a houseon the market, thereare ways not toworry yourself todeath over it.PAGE 4F
IN BRIEF
GARDENERSTHINKINGVERTICALThe ground isn’t theonly place wheregardens grow. Lookup, and you justmight notice plentyof vertical and abo-veground surfacesthat can be en-hanced by plants.Susan Morrison andRebecca Sweetexplore the subjectof vertical gardeningin “Garden Up!:Smart Vertical Gar-dening for Small andLarge Spaces.” Thebook offers ideasand guidance forgardening with ar-bors, trellises, wallsand other verticalstructures; garden-ing in narrow spacesand urban areas; andgrowing edibleplants vertically.“Garden Up!” is pub-lished by CoolSprings Press andsells for $19.95 insoftcover.
CUSTOM TILESAVAILABLECan’t find the rightcolor of tile? ImagineTile has it covered.The company letsyou custom-orderceramic tile in anycolor. It uses color-matching technol-ogy to formulate atile glaze that exact-ly matches the hueof a paint chip, fabricswatch, team logo oranything else yousupply. The tile isavailable in a varietyof sizes and finishes.The color-matchingprogram is part ofImagine Tile’s cus-tom-tile services,which also createtiles from photosand other images.Tiles can be orderedat www.imaginetile.com. Typical pricesrange from $22 to$30 per square footfor an order of 100square feet to $7.50to $11.50 per squarefoot for 2,000square feet.
MCCLATCHY-TRIBUNEINFORMATION SERVICES
WASHINGTON — You mayhave seen reports that thefederal government is pro-posing new mortgage fi-nance rules under whichonly home purchasers whocan afford a minimum 20percent down payment ona conventional loan wouldget a shot at the best avail-able interest rates andterms.
That is correct, and it’sdeeply sobering news forlarge numbers of first-time and moderate-in-come buyers who can’tcome up with that muchcash or afford to pay higherrates.
But some of the otherrequirements that federalagencies and the Obamaadministration are pro-posing in the same planhave gotten much less at-tention yet could provejust as troublesome forconsumers:
I Strict mandatorydebt-to-income limits.Under the proposal, to get
the best mortgage rates,you’d need to spend nomore than 28 percent ofyour gross monthly in-come on housing-relatedexpenses, and youcouldn’t have totalmonthly household debtthat exceeds 36 percent ofyour income.
There would be no flex-ibility to go beyond theseceilings, unlike in today’smarketplace where FannieMae and Freddie Mac con-sider debt-to-income ra-tios along with other fac-tors through their elec-tronic underwriting sys-tems. Freddie Mac, forexample, has an overalldebt-ratio limit of 45 per-
cent of an applicant’s sta-ble monthly income.
I To refinance your ex-isting mortgage and re-place it with one carryingthe best available interestrate, you’d need no lessthan a 25 percent equitystake in your house toqualify. If you sought totake any additional cashout through a refi, you’dneed 30 percent equity.Today’s typical require-ments for a conventionalrefi are nowhere near asstrict.
I Pristine credit stan-dards. For example, if youwere 60 days late on anycredit account during theprevious 24 months, you’dbe ineligible for a mortgageat the best available terms.
These are all core fea-tures of what may be themost sweeping and con-troversial set of changes indecades for the housingand mortgage markets.The so-called “qualifiedresidential mortgage” pro-
posals were released at theend of March by banking,securities and housingregulators, along with theDepartment of Housingand Urban Development.The agencies were re-quired by the 2010 finan-cial reform legislation tocome up with new stan-dards for low-risk conven-tional mortgages.
Congress did not specifyprecisely what a “safe”mortgage should look like,but directed the agenciesto consider such factors asfull documentation of bor-rower income and assetsplus avoidance of toxicfeatures such as negativeamortization and balloonpayments. Congress wassilent on the subject ofminimum down pay-ments.
Under the law, loansthat do not meet the stricttests will be pushed into aless-favored, higher costcategory: Banks and WallStreet securitizers will
need to set aside 5 percentof loan balances into re-serves to handle possiblelosses from defaults. Thisextra capital cost inevita-bly will be passed on toconsumers.
Mortgage industry esti-mates of the interest ratedifferential between ultra-safe qualifying loans andall others range fromthree-fourths of 1 percentto three percentage points.In today’s market, thiswould mean that mortgag-es that meet the federalagencies’ stringent newstandards might go for 5percent. But all others —the vast majority of today’sconventional loans —could cost anywhere fromjust under 6 percent to 7percent and higher.
You can only muster a 10percent down payment?Tough. You can’t quite fitinto the tight confines ofthe new debt-to-income
Qualified residential mortgage may be trouble KennethHarney
THE NATION’S HOUSING
SEE HARNEY, PAGE 2F
Even as Dennis and ShelleeWells lead one visitor throughtheir sleek, modern home, thedoorbell rings downstairs.
Shellee Wells pops down to an-swer it, and returns moments laterto report a couple had stopped bysimply wanting to look throughthe place.
Dennis Wells shrugged off theinterruption. “Happens all thetime,” he said with a smile.
It might make for good practice.Their home at 834 NW 7 in whatthe Wellses call Oklahoma City’sSoSA (South of St. Anthony)neighborhood, is one stop on theAmerican Institute of ArchitectsCentral Oklahoma Chapter’s 10thannual Architectural Tour.
The self-guided tour is fromnoon to 5 p.m. today. Tickets are$15 at any stop on the tour.
Dennis Wells, 58, an architectwith Miles Associates, and ShelleeWells, 48, a consultant with SmithLighting, decided to plunge intodowntown life three years ago.Their twin daughters, Hillary andMeagan, were preparing to leavethe nest — or more specifically,the bungalow in Yukon that hadbeen home for years.
“It’s actually pretty simple,”Dennis Wells said. “We were look-ing for the cheap house with aview of downtown.”
They bought a slice of a smalllot at NW 7 and Francis — beforethe area showed signs of reviving— and worked together on thehouse design. The result is a housethat stands out, its sleek lines andearth-toned exterior at odds withits more traditional bungalowneighbors.
The couple refers to the home asa “Box for Living” with efficiencyat its core.
The 800-square-foot lowerstory serves as a guest suite, com-plete with a kitchenette and itsown washer and dryer. The livingarea upstairs covers 1,400 squarefeet, light woods and pale wallsmaking the most of natural light.Sliding glass doors in the cornerframe a view of downtown, in-cluding the rising Devon Building.
“It’s very open, and we don’thave a lot of windows,” ShelleeWells said. “But every place wehave a window, there’s a view.”
They’ve tailored their home totheir needs, Dennis Wells said. He
shows off the closet just off themaster bedroom upstairs — it alsodoubles as a laundry room, keep-ing the whole clothes-washingenterprise within the frame of afew steps.
Electronics are tucked away be-hind cabinets. A safe room in thegarage also serves as an informalwine cellar. An astronomic clocksystem controls the shades andlights throughout the house.
In general, they keep thingssimple, he said.
“Everything’s where it’s need-ed, and there’s nothing that’s notneeded,” he said.
Other stops on the tour, and ar-chitects, are:
I Accel Financial Staffing (811N Broadway; HSEarchitects): Therecruiting firm calls the formerOklahoma Packard Motor Co. inAutomobile Alley home, and re-cent renovations were done with alight hand to preserve many of itsoriginal finishes. Full-height glasswalls up front allow natural lightto penetrate the back, and theductwork is exposed overhead.
I Oklahoma Case StudyHouse/Lovallo Residence (825NW 7; Fitzsimmons ArchitectsInc.): Open terraces and elevatedpatios help bring the indoors out,while the open floor plan and
sweeping views of downtown helpbring the outdoors in. The home’sdesign was partially influenced bythe California Case Study Houses,
ARCHITECTURAL TOUR FEATURESUNUSUAL, DRAMATIC BUILDINGS
Dennis and Shellee Wells call their home at 843 NW 7 “A Box for Living.” It is one of several stops todayon the annual architectural tour organized by the American Institute of Architects Central OklahomaChapter. PHOTO BY DAVID MCDANIEL, THE OKLAHOMAN
Shellee and Dennis Wells show the interior of their unusual home.PHOTO BY DAVID MCDANIEL, THE OKLAHOMAN
2F SATURDAY, APRIL 16, 2011 THE OKLAHOMAN | NEWSOK.COMREAL ESTATE
experiments in modern, inexpensive de-signs built from 1945 until the 1960s.
I Design Resources (7720 N RobinsonAve., Suite B3; Randy Floyd Architects):What was once a warehouse, complete withmostly solid concrete walls and few win-dows, has been transformed into a state-of-the-art window treatment showroom. Thedesign takes advantage of the massivespace, devoting 1,500 square feet to an “ex-perience center” where clients can get ahands-on feel for the products.
I Founders Tower Condominiums(5900 Mosteller Drive; Richard R. BrownAssociates): An iconic landmark in north-west Oklahoma City, Founders Tower wasbuilt in 1963 and was an office building until2006. In its new life as a luxury residence,Founders Tower still offers breathtakingviews, and an interior overhaul has light-ened and updated its look.
I City Place Tower Penthouse (204 NRobinson Ave.; Architecture Inc.): The dra-matic entry soaring high overhead sets thestage for a building that has been given anew lease on life but maintains its past dig-nity. Built as the Ramsey Tower in 1931, itsart deco pedigree remains very much in evi-dence in details such as the original elevatordoors, but the design is rooted in the hereand now.
I 530 Eufaula (530 Eufaula, Norman;Butzer Gardner): Materials and design makethe most of light in this home, whose mod-ern but earthy facade manages to blend intothe historic neighborhood. Downstairs itwraps itself around an outdoor living room.Rooms upstairs look out on that living roomor a courtyard, making every room in thehouse a room with a view.
FROM PAGE 1F
Tour: Businesses, homes featured
Left: 530 Eufaula in Norman was a dysfunctionalduplex until builder Brent Swift acquired it and hadButzer Gardner design a renovation.
PHOTO BY JACONNA AGUIRRE,THE OKLAHOMAN
Founders Tower, 5900 Mosteller Drive, built in 1963, functioned asan office building until 2006 when it was redesigned as a resi-dential tower. Richard R. Brown Associates designed the reno-vation. PROVIDED BY AIA CENTRAL OKLAHOMA CHAPTER
Left: The OklahomaCase Study House/Lo-vallo Residence, 825 NW7, is owned by Dr. Wil-liam Lovallo and wasdesigned by Fitzsim-mons Architects Inc.
PHOTO PROVIDED BY AIACENTRAL OKLAHOMA CHAPTER
Right: This view showsa slice of the kitchen at530 Eufaula in Norman.
PHOTO PROVIDED BY AIACENTRAL OKLAHOMA CHAPTER
ratio rule? Pay up.Where and when will this all start hitting the market-
place? It won’t change anything much for a while. Theproposals are out for public comment through June 10and won’t likely be put into effect until mid-2012. Theagencies’ proposal, though not the legislation, exemptsmortgages sold to Fannie Mae and Freddie Mac from therule as long as both remain under federal conservatorship— a date uncertain. Federal Housing Administration-and Veterans Affairs-backed mortgages will not be sub-ject either.
Meanwhile, builders, consumer groups, banks, realtyagents and others are readying campaigns to convince
the regulators and the Obama administration to back offsome of their harshest provisions. Michael Calhoun,president of the Center for Responsible Lending, arguesthat if adopted in its current form, the proposal will makeit much tougher for modest-income and minority con-sumers to ever afford a first home.
Jerry Howard, CEO of the National Association ofHome Builders, said the agencies and the administrationhave strayed far beyond Congress’ intent, and their pro-posals threaten to wreck any recovery in housing andforce millions of Americans to rent rather than to own.
“I think we’re in for a hell of a fight,” he said.Ken Harney’s email address is [email protected].
WASHINGTON POST WRITERS GROUP
FROM PAGE 1F
Harney: Rules may face challenge
THE OKLAHOMAN | NEWSOK.COM SATURDAY, APRIL 16, 2011 3FREAL ESTATE
M. Rose Homes II LLC,2620 Dorchester Drive,residence.
Nancy Lopez, 2221 SW26, single-family resi-dence.
Jesse Trotter, 5601 NW122, residence.
Robert L. Harris, 2009NW 29, general.
Ransom Miller, 1016Dean Place, storage.
Permits
4F SATURDAY, APRIL 16, 2011 THE OKLAHOMAN | NEWSOK.COMREAL ESTATE
While trying to sell hishandsome English Tudorhouse, a financial plannerin his mid-50s experi-enced an extreme level ofanxiety. He feared hisproperty wouldn’t sell orthat if it did, it would gofor less than he’d investedin it.
Due to his angst, hespent several hours eachday searching the Internetfor updates on his localreal estate market. Also,each day he pestered hisbroker for news.
“All that anxiety hurthim from moving forwardin a positive way,” saidMark Nash, the man’sbroker and author of“1001 Tips for Buying andSelling a Home.” Nashsaid the man’s apprehen-sions clouded his reason,which ultimately under-mined his sale.
Why? Because in hisemotional turmoil, heinsisted on setting a listprice that Nash estimateswas at least 15 percentover his home’s marketvalue, which caused pros-pects to shun the proper-ty. So after seven taxingmonths, the home hadn’tsold and he removed itfrom the market.
“People’s fears makethem lose sight of real-ism. And that can causethem to act against theirbest interests,” Nash said.
Mary McCall, a realestate broker affiliatedwith the Council of Resi-dential Specialists(www.crs.com), said selleranxieties are more wide-spread now than at anypoint during her career.She said homeownerswho have little or no eq-uity in their property areespecially nervous aboutselling.
Even after a buyer isfound for a home, manyowners obsess that theirdeal could fall throughdue to financing problemsor that the purchaser’shome inspector mightdiscover repairs thatcould prove costly.
“Buyers today are verynitpicky, and so sellersworry a lot about all therepairs and changes theymay need to do to get thesale through, like minorproblems with the roof,”McCall said. It can bechallenging for homesellers to stay calm in thecurrent real estate market.
But here are a fewpointers that could help:
I Don’t listen to a cho-rus of opinions from theuninformed.
As many home sellerscan attest, once a proper-ty goes on the market, itsowners often receive alarge volume of unsolic-ited advice from neigh-bors, family members andfriends. They opine bothon the pricing of theproperty and on how it
should be presented tothe public.
But Nash cautionedthat taking too manyopinions into account canjangle a seller’s nerves,especially when the opin-ions come from peoplewho lack expertise in realestate.
If you have questions orconcerns about the in-formation given to you byyour real estate agent,Nash recommends youseek a second opinionfrom another professionalin the field. For example,you could ask for advicefrom the managing brokerin the same office whereyour agent works, or callan agent from anothernearby office.
I Create an action planto help address your wor-ries.
Therapists who assistclients in combating theiranxiety often make anunusual suggestion: Setaside a brief daytimeperiod during which youcan worry actively. In this
“worry time,” take pen topaper and itemize yourfears. Then list the actionsteps you could take ifyour fears are realized.
For example, perhapsyou fear your home won’tsell before you have tomake a long-distancemove. In that case, youmight itemize steps youcould take to convert yourplace into a rental proper-ty, if only for a year ortwo.
Nash endorses the ideaof home sellers creating a“what if” plan to calmtheir minds.
“What you’re doing isgenerating options foryourself. That way you’llhave a greater sense ofcontrol over your destinyand you won’t feel hope-less,” he said.
I Avoid late night dis-cussions about your homesale.
Many people who wor-ry about selling a homeallow the subject to spillover from daytime toevening hours and tointerfere with their sleep,Nash said. But he urgessellers to deal with thematter solely in the day-time.
“Selling a house is abusiness proposition thatshould be handled solelyduring business hours.Don’t discuss it with your
significant other duringthe late evening or itcould cost you a goodnight’s sleep,” Nash said.
Rather than tacklingyour real estate issues at
night, Nash suggests youengage in calming activ-ities during your last“wind down” hour beforebedtime. This could in-clude light reading,
There are ways to handle home seller stressEllenJamesMartin
SMARTMOVES
EDMOND — Laura Ro-bertson has joined Chur-chill-Brown & AssociatesRealtors, 201 N Bryant Ave.in Edmond, as a residentialreal estate sales associate.
The Monument, Colo.,native studied elementaryeducation at Arizona StateUniversity and has been afreelance court reporter for25 years.
Laura Robertson
Churchill-Brownadds associateLaura Robertson
MIDWEST CITY — Pru-dential Alliance Realty, 1212S Air Depot Blvd., Suite 11,has added Nancy Smith asoffice manager.
She is experienced in thereal estate business, withspecial expertise in homeconstruction.
PrudentialAlliance addsmanager
Nancy Smith
Coldwell Banker Select,7101 Northwest Express-way, Suite 750, has addedDwain Lunsford and JackCarson as residential realestate sales associates.
Lunsford has 50 years’
experience in banking,starting in 1952 in Enid. Healso was a bank examiner.
Carson previously was aloan officer and real estateappraiser at Local FederalSavings & Loan.
Associates join Coldwell Banker Select
THE OKLAHOMAN | NEWSOK.COM SATURDAY, APRIL 16, 2011 5FREAL ESTATE
There are certain powertools that deserve a placein any do-it-yourselfer’sarsenal, and one of thosecertainly has to be the ran-dom orbit sander.
For tasks ranging fromthe aggressive removal ofold paint to the fine finish-ing of a new living roomshelf, random orbit sand-ers offer a perfect blend ofsanding speed, perform-ance and ease of use.
A random orbit sanderhas a sanding disk to whichreplaceable sandpaperdisks are attached. Thetool is designed so that thesanding disk spins in a cir-cle while moving in an el-liptical motion. Because ofthis random sanding mo-tion, no part of the sand-paper ever follows exactlythe same path. The ran-dom sanding action pro-duces a swirl-free finishregardless of which waythe wood grain is facing, soyou can easily sand bothwith and across the grain.
The replaceable sandingdisks are available in sev-eral different grits, rangingfrom 60 to 240 grit. Thedisks are typically attachedwith a hook and loop ma-terial, but pressure-sensi-tive adhesive is also some-times used.
Random orbit sandersare commonly classified bytheir disk size. The mostcommon is a 5-inch-di-ameter disk, but 6-inchmodels are also available.Both the sanding disk andthe sandpaper disk have amatching pattern of holes— typically eight, butsome have five or six. Theholes allow sanding dust tobe drawn up through thesander and into a remov-able, on-board dust bag ordirectly into a shop vacu-um.
In recent years, severalmanufacturers have intro-duced variable speed con-trol, allowing you to selectspeeds ranging from 7,000to 12,000 orbits per min-ute. To be honest, you’llalmost always use thesander at its top speed rat-ing, but the variable speedcan come in handy for cer-tain tasks.
For most people, a 5-inch sander is a betterchoice than a 6-inch, sinceit’s easier to handle andyour local home centersand hardware stores willstock a wider selection ofsanding disks.
Beyond that, it’s the lit-tle things that count. Firstand foremost, the sandershould feel comfortable inyour hand. Random orbitsanders are gripped in thepalm of one hand, so youshould be able to hold thesander firmly without ex-cessive pressure, and thesander’s grip materialshould offer a comfortable,non-slip grip. You’ll alsowant to be sure that theOn/Off switch is in a loca-tion that’s easy to reachwith the one hand that’sholding the sander.
You’ll also want to lookfor a dust bag that has agood solid connection tothe sander. These sanderspick up a lot of dust as theywork, and nothing’s worsethan being in the middle ofa project and having a fullyloaded dust bag come fly-ing off. A shop vacuumadapter is another nicefeature to have. Somemodels also include a car-rying case, which may ormay not be important toyou.
I recently tried out fourdifferent 5-inch, variable
speed sanders to get a feelfor some of the differencesfirst hand. Each of thesanders was equipped withan eight-hole, hook-and-loop sanding disk. Here,listed in order of their av-erage retail price, is mytake on some of their prosand cons.
I Craftsman Model11218 ($40, includingsander, dust bag, and onedisk):
The Craftsman has aslightly smaller motorthan the other models (2.8amps), and a slightly high-er top speed (12,500 orbitsper minute.
The grip was comfort-able, and the grip’s surfacematerial had a nice, non-slip feel to it. It has a slideswitch that passes throughthe grip and requires twofingers to operate.
The On position waseasy to reach, but the Offrequires a bit of shifting ofyour grip. It has a clothdust collection bag with aplastic inner liner, but it’sattached with a simple
press fit that may be aproblem after extendeduse.
All in all it’s a nice, fairlyaggressive sander with anattractive price. TheCraftsman weighs 3pounds, 8 ounces.
I Milwaukee Model6021-21 ($61, includingsander, dust bag, andhard-shell carrying case):
The Milwaukee had anice, slender top and anon-slip rubber coatingthat was very comfortable.
It’s controlled by a sin-gle sealed On/Off rockerswitch at the front of thegrip, which was easy toreach and operate with onefinger. It has a 3-amp mo-tor with a nice soft-startfeature that keeps thespeed controlled duringstartup.
The spring-loaded clothdust bag holds its shape,and a twist-lock featurekeeps it securely in place;however, it extends off thesander at an odd angle andsometimes gets in the way.The sander also has abuilt-in adapter that fitsboth 1 ¼- and 2 ¼-inchvacuum hoses.
A smooth, powerfulsander with a nice feel, itweighs in at 3 pounds, 11ounces.
I DeWalt ModelD26453K ($79, includingsander, dust bag, and
hard-shell carrying case):This was the heaviest of
the bunch, at a hair over 4pounds.
It has a nice, slender feelto it that fits nicely in yourhand, along with a rubbertop pad that cushions yourpalm. The sealed On/Offrocker switch is right at thefront, and easy to operatewith one finger. As withthe Milwaukee, it has a 3-amp, soft-start motor.
The dust collection bagis spring-loaded with twopositive twist locks forgood security, and it ex-tends directly off the rearof the sander. There also
are built-in adapters fortwo standard vacuumcleaner hoses.
Another smooth, ag-gressive sander that’s veryeasy to use.
I DeWalt ModelD26456 ($99, includingthe sander and dust bag):
While the other threesanders are similar inheight and general design,the 26456 is a low-profilesander.
It’s about 2 inches lowerthan the other sanders,and weighs just 3 pounds 6ounces. The tradeoff forthe lower height is that themotor is wider, resulting in
a wider grip. It’s still com-fortable, but possibly notfor everyone. A very nicefeature of the 26456 is anew motor design that uti-lizes less wear on compo-nents for longer life, pluselectronic load control andmotor brake.
The control switch, dustcollection bag, and vacu-um adaptor system are thesame as on its taller broth-er.
Remodeling and repair questions?E-mail Paul at [email protected]. All product reviews arebased on the author’s actual testing offree review samples provided by themanufacturers.
INMAN NEWS
Good sander won’t rub buyer wrong wayPaulBianchina
HANDY @ HOME
6F SATURDAY, APRIL 16, 2011 THE OKLAHOMAN | NEWSOK.COMREAL ESTATE
As you approach thefront of the Carlisle, byTulsa architect Rick Hoge,several interesting designelements stand out.
First is the turret, whichcontains the curved stair-case and a powder roomtucked in under. Thenthere are the covered sec-ond-floor balcony andporte cochere leading tothe garages.
Just inside the entryfoyer, an elegant curvedstaircase winds up to thesecond floor. Views of thelibrary, formal dining andgreat room are seen fromthe foyer as well as the sec-ond-floor bridges leadingto upstairs areas.
From the great room andnook, the curved windowwalls are designed to takeadvantage of the multipleviews to the rear and side.
As you reach the top ofthe stairs, views reallyopen up. You can see allthe way through to theback of the house and thesecond-floor outdoor cov-ered balcony. Severalbridges lead to the bed-rooms, game room andcovered balconies.
In addition, the Carlisleincludes an elevator andtwo master suites withbaths with walk-in show-ers and tubs.
EDMOND — The BradReeser Team at Keller Wil-liams Realty, 10 E Camp-bell in Edmond, was rec-ognized as the No. 3 KellerWilliams team in the na-tion in sales volume in2010 at the recent nationalconvention in Anaheim,
Calif.
Reeser also was honoredat the Keller Williams re-gional banquet in Tulsawith regional awards — astop team in number ofunits closed and for out-standing production atKeller Williams’ PlatinumLevel.
Brad Reeser Teamgets national honor
The Brad Reeser Team includes front, left to right,Peter Lehmann and Angie Seabrook; and back, left toright, Tracy Ratcliff, Brad Reeser and Julie Reeser.
PROVIDED BY BRAD REESER TEAM
FROM STAFF REPORTS
7FSATURDAY, APRIL 16, 2011THE OKLAHOMAN NEWSOK.COM
8F SATURDAY, APRIL 16, 2011 THE OKLAHOMAN | NEWSOK.COMREAL ESTATE
The Listing of the Week is a large two-story house on 0.38 acre in northwestOklahoma City.
The 3,905-square-foot home at 701NW 159 has four bedrooms, three baths,two half-baths, three living rooms, twodining rooms and an attached three-cargarage.
The family room has a fireplace. Thestudy has a built-in bookcase, wood floorand door to a private courtyard.
The second-floor family-media roomhas a ceiling fan. The master bedroom hasa fireplace, full bath and walk-in closet.Secondary bedrooms have ceiling fans
and walk-in closets and one has a fullbath.
The home has an extra-large utilityroom, two built-in desks, crown moldingand woodwork throughout, an open pat-io, covered patio, underground sprinklersystem and security system.
The home, built in 2005, is listed for$365,000 with Rowell Sargeant and Sta-cey Two Songs-Miller. For more informa-tion, call 830-4849 or 330-2626.
Nominations for Listing of the Week are welcome. Sendinformation on single-family homes to The Oklahoman,Richard Mize, P.O. Box 25125, Oklahoma City, OK 73125.Nominations may be faxed to 475-3996.
LISTING OF THE WEEK
The Listing of the Week is at 701 NW 159. PHOTO PROVIDED
Large home provides study,family entertainment room
DEAR BARRY: Webought our house aboutsix months ago. Sincethen, we’ve learned thatsomeone else nearlybought the property andthat those buyers hired ahome inspector. The sell-ers were given a copy of theinspection report, but theynever mentioned it to us orgave us a copy when wewere the buyers. Shouldn’tthey have disclosed the in-formation in that report?
VinceDEAR VINCE: Ques-
tions about who shouldhave disclosed what andwhen they should havedisclosed it never cease toarise. There seem to be nolimits to the doubts andreservations surroundingreal estate disclosure. Atthe root of the confusion isone basic question: Howdoes a seller or an agentknow what to disclose andwhat not to disclose? For-tunately, the answer issimple and straightfor-ward: Disclose all that youknow, without exception,without compromise.When in doubt, disclose.
The worst that can hap-pen when everything isdisclosed is that anotherbuyer might have to befound. On the other hand,the consequences ofabridged disclosure mayinclude financial loss,needless litigation and inthe very worst cases, inju-ry or death due to undis-closed safety problems.
With this criterion inmind, no seller shouldwonder or ask if an oldhome inspection reportshould be disclosed. If thereport itself is withheld
from disclosure, then theparticular defects that arelisted in the report shouldall be included in the sell-ers’ disclosure statement.Failure to disclose thosedefects can be regarded asdeliberate concealment,and in most states, that is aviolation of law. If youhave concerns regardingpossible nondisclosure,you should demand to seea copy of the old report.
Hopefully, you hired ahome inspector of yourown before buying yourhome. If your inspectorwas qualified, experiencedand conducted a thoroughreview of the property, youshould already be aware ofthe significant defects thatwere disclosed in the olderreport.
DEAR BARRY: Myhome inspector reported aproblem with a gas waterheater, but the seller’splumber disagrees withthe inspector. The waterheater is installed in a util-ity closet, directly in frontof the forced-air furnace.The inspector says thework space in front of thefurnace is restricted, butthe plumber says this vio-lates no provision of theplumbing code. If thiscondition is a problem, I’dlike to have it repaired.How do we determinewhose evaluation is cor-rect?
ShannonDEAR SHANNON: Ev-
eryone is correct, but thehome inspector is morecorrect. The plumber iscorrect when stating thewater heater placementviolates no provision of theplumbing code. However,the problem involves a vi-olation of the mechanicalcode governing the instal-lation of the forced air fur-nace, not the water heater.
A minimum work spaceof 30 inches is required infront of the furnace. If thewater heater is installedwithin that specified workspace, then it will need tobe moved to enable con-tractors and other personsto adequately service theequipment. Moving thefixture will entail modifi-cation and adjustment ofthe water and fuel connec-tions, as well as the ex-haust flue.
To write to Barry Stone, visit him on theweb at www.housedetective.com.
ACTION COAST PUBLISHING
Should sellers discloseold inspection reports?
BarryStone
INSPECTOR’S IN THEHOUSE
It’s not easy being“green,” but it has gotteneasier.
“Things have changed alot since we started plan-ning all this,” said SuzyLytle, 44, of the home sheand her husband, Jeff, havebuilt. “Green was certainlynot the buzzword it isnow.”
And, she said, goinggreen doesn’t requirespending as much green.When they began re-searching almost a decadeago, a lot of componentswere harder to obtain.
Take, for example, therecycled glass countertopsgracing the kitchen andbathrooms.
“When we first startedlooking at those, you couldeither get them in NewYork or you could get themin L.A., and they were as-tronomically expensive,”she said. “But now we havesomebody down in New-castle (Rivers Edge Coun-tertops) making them.”
The Lytles have openedtheir doors to the public asthey prepare to settle intotheir dream home at 17515Prairie Sky Way in the RoseCreek addition — both toeducate people about en-vironmentally friendlybuilding as well as raisemoney for area literacy ef-forts.
They didn’t have to gotoo far afield during con-struction.
“It’s amazing how muchof this stuff was availablein Oklahoma,” said JeffLytle, 51. “We didn’t haveto go out of state to findsomeone to pour theseconcrete walls and havethe engineering ability todo this house. Mike Han-cock (of Basement Con-tractors) is in Edmond.He’s done 500 of thesebasements.”
Durant’s Texoma Roof-ing Co. installed the flatroof where solar panelscollect rays. Oklahoma
City’s Exeter Enterprisesinstalled the rain harvesttank underneath it all,though Savannah Buildersowner Mike Gilles, generalcontractor, smiled at theterm.
“Everyone calls it a rainharvest tank, but it’s28,000 gallons,” he said.“It’s more like a swimmingpool underneath there.”
Whatever the name, thestored water will irrigatethe yard. With normal us-age, Lytle pointed out, itwould take three weeks todrain the tank.
But the intricately
carved doors leading intothe study upstairs camefrom farther afield. Craft-ed in India, the Lytlesbought it from an importshop in Santa Fe, N.M., in2004.
“This doorway was de-signed around these doorsjust so they’d fit,” SuzyLytle said, and then shelaughed. “They were goingin the house somewhere.”
Such bits of pieces oftheir lives are showcasedthroughout the house. Awall downstairs in thebasement blooms withimages reminiscent of The
Beatles’ “Yellow Subma-rine” in a mural hand-painted by Oklahoma Citymuralist Maryann Walls.It’s designed to comple-ment The Bootles pinballmachine the Lytles haveinstalled in the area. Acompany manufacturedabout 300 of them in thelate 1960s, Jeff Lytle said,riffing on The Beatles butaltering the name to avoidhaving to pay them.
“My parents bought it inthe mid-’70s for nothing,”he said.
The ’70s live in a down-stairs bathroom as well,where the geometric tileechoes the geometric linesof the Sherle Wagner fau-
cet’s oversized square han-dles. “My parents boughtit back in the ’70s,” SuzyLytle said. “It was still inthe box.”
Beneath the whimsy andthe glowing tiles, though,lies a serious message.Builder Gilles said hehopes the home tour willopen eyes, “show peoplewhat you can do with re-sourcefulness plus in theenergy efficiency side andthen the uniqueness of –well, people don’t have tosettle for a regular house.”
Energy efficiency, hesaid, is still equated with abland box. “They don’t re-alize what all you can do.”
Local owners show going green is now easierBY DYRINDA TYSONSpecial [email protected]
Jeff and Suzy Lytle’s "green" home at 17515 Prairie Sky Way. PHOTO PROVIDED BY JEFF LYTLE
Suzy and Jeff Lytle show the kitchen of their home at17515 Prairie Sky Way, open today and Sunday from 11a.m. to 6 p.m. Proceeds from tours of the "green"home will go to literacy programs.
PHOTO BY STEVE GOOCH, THE OKLAHOMAN
Home builder Mike Gilles of Savannah Builders isshown in the stairway of the Lytle home.
PHOTO BY STEVE GOOCH, THE OKLAHOMAN
GOING ON
Eco-TechHome Tour
I Where: 17515Prairie Sky Way, inRose Creek addition,west of May, northof NW 164.
I When: 11 a.m. to6 p.m. today andSunday.
I Tickets: www.e-cotechhometour-.com or metro-areaWestlake Ace Hard-ware stores.
I Information:www.oklabuilt.com/.
It’s amazinghow much ofthis stuff wasavailable inOklahoma. Wedidn’t have togo out of stateto findsomeone topour theseconcrete wallsand have theengineeringability to dothis house.Mike Hancock(of BasementContractors) isin Edmond.He’s done 500of thesebasements.”
JEFF LYTLE
THE OKLAHOMAN | NEWSOK.COM SATURDAY, APRIL 16, 2011 9FREAL ESTATE
¡¡¡ NEW ¡¡¡2 & 3 Bedrooms Now
Avail. No application feeFree List. Sec. 8 OK.
ofc 702-9798 or 209-7827
Brick home, Mid-Del Sch,near Tinker 3/2/2, FP,ch&a, new roof $135,900405-202-9270, for appt.
PIEDMONT OPEN SAT 2-4& SUN 2-5. Model homeNew hms on 1/2 ac lots.
Info also available fornew hms in other addi-tions From NW Expwy& Sara Rd go 4.5 mi N
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Milburn o/a 275-1695paulmilburnacreages.com
PRIME BUILDING SITES-PIEDMONT EastwindEstates II, 3/4 and 1
Acre lots, Priced from$38,900 Leon 373-4820OVERLAND EX REALTY
OWNER FINANCING1-28 Acres
Many LocationsCall for maps405-273-5777
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160 ac, fenced pasture, 2ponds, excellent hunting,close to Canadian River,only $1250/ac, 30 min Sof Norman, Renee, 405-659-7335, Musgrave RE.
Move Your Mobile HmFREE. Properties locatedin NW/SW/SE(Moore)/
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Love County Acreage21 +/- acres Exit 24
$99,500. Deer & turkey.Ebby Halliday, Realtors
940-367-0329
Payout dn pmt before 1stpmt starts. Your opportuni-ty to own land, 40 areas,E, NE, SE of OKC 1N A.Milburn o/a 275-1695 terms
10 ac., 1390x390, hassome trees. S. side ofMemorial & AndersonRd. $98K ¡ 821-5372
Call for Maps! See whywe sell more acreagesthan anyone in Okla.
E of OKC. o/a 275-1695
5ac+ 1500sf 3bd 2banear NE 36 & Westmin-ster. $44,500 301-6495
5 AC Luther area, pavedw/3 bed Solitaire, OwnerFinance. $65k, 651-8248
548 ACRES FOR SALEPasture, Cropland,Timber, Hunting in
Comanche County, OK.Can be divided.918-786-3433
1300 AC. RANCHin E. Logan County Willdivide. Call Annie Silvers@ 405.615.8430 at C21
OWNER FINANCING$1000 down No Credit Ck409 SW 41, 3/1, $51,0002420 SW 31, 4/1, $49,000¡ 596-4599 410-8840 ¡
OWNER FINANCE. 3bed1 bath ch&a, 2737 SW 40
$63K »» 413-8020
CHISHOLM CROSSINGPIEDMONT 2187 E TrailDr. 5+ Acres, 3 BD, 3KBA, 2 Liv, 1 Din, Home isLoaded! Leon 373-4820Overland Ex Realty
IMMACULATE on 3/4 acMOL 4/2/3 approx 1874'
$199,900 Carmen833-0106 Cleaton &
Assoc 373-2494
JUST LISTED 3bd 2ba1155' mol corner lot
$99,000 Carmen833-0106 Cleaton &
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YUKON OPEN SUN 2-41312 Dawn Ave inSunrise Hills 3/2/3approx 1791' price
reduced to $157,900Carmen 833-0106Cleaton & Assoc
373-2494
11809 SW 3rd St. 3/2/3+ study, 2300sf mol,
2din $162,900¡326-7621
Rent to OwnEl Reno - 615 N. Evans2bd 1 ba - Call for maps
Easy Approval405-273-5777
www.property4sale.com
PIEDMONT OPEN SAT 2-4& SUN 2-5. Model homeNew hms on 1/2 ac lots.
Info also available fornew hms in other addi-tions From NW Expwy& Sara Rd go 4.5 mi N
Cleaton & Assoc 373-2494
50' x 120' $7,500 1 blockw. of SW 23rd & Agnewready for bldg. 642-2464
Huge clearance sale!!Special Program. OwnLand/Family Land ZEROdown. Financing avail.for most everyone. Turnkey,we do it all. 1000 Furniturepackage w/purchase.Free Phone Application/EASY.WAC 888-878-2971405-204-4163
As Low as $1250 DownBuys a NEW
2 bd Mobile Hm$550/mo. in Quiet Park
No App Fee Call forDetails 405.326.5728
’ $281mo. ’Refurbed doublewide
ready NOW! 3 bd/Island/Decks/Shop/Fence
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McLoud area. AbandonedD/W on 5 acres. Ready tomove in. Brick foundation
with all utilities.405-631-7600 405-635-4338
Mustang SchoolsHuge DiscountsSingles & Dbls.
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405-631-3200 WAC
$2500 CASH OR TO BEMOVED 1981 Christy MH
2bd ch&a $160mo lotrent. 405-464-4337
**NEW** 1216 sq ft$25,995 - 1 only
Maxeys Homes 631-3600
2bd 1ba $14,900. Deliveredto you 301-2454, 517-5000
Rent to Own: Nice 2&3bdMWC $350&up 390-9777
Repo 28x56 Solitaire918-617-7742
Repo 28x84 Solitaire301-2454, 517-5000
20489 140th StreetMaysville, OK
(SW of Purcell)New 3bd, 3ba, 3car on
15 acres. Granitecountertops, largegame room, office.Over 3000 sf. Open
House, Sun 2-5. Callfor directions. Sold onApril 16th @10:30am.
Anderson Realty405-376-4551
www.kencarpenterauction.com
I BUY HOUSESAny condition. No cost
to U 495-5100
2 100x150 adjoining lotsRunaway Bay Lake Eufaula.
near beach. $19,500for both 405-324-0026
Branson Time Share,must sell due to health,
405-720-2478
Large Northside LiquorStore - sales in excess of$2.5M per year. Seriousinquiries only. The Okla-homan, Box #1947, PO Box25125, Okc, OK 73125-0125
Massage & Facial SpaNW OKC. Est. Clientele
$45K obo 802-6595
Recycle Center For Sale530 SE 55th. 10T feet ofbuilding on 1 acre+/or-,
$300,000 » 615-7233
Nichols Hills Duplexes onAvondale, we have 3 forsale. Choice location. Allrented, 405-409-7779Seabrooke Realty
Several Mortgage notesfor sale, 8%-12% Interestpaid, 4plex near OCU $169K-6units hrdwd flrs $225KSeabrooke Rlty 409-7779
GREAT SpaceOFFICE
Various NW locationsMOVE IN SPECIALS
300-6000sf 946-2516
OFFICE SPACE available.» Limited Time Only »$6 per ft. utilities paid.
3801 NW 63rd. 640-8206
1, 2 & 3-Room Offices$175 & up ‘ 50th &
N Lincoln area 235-8080
5000sf, offc/WH w/fnced yd, $1500/mo 2115SW 42nd St 659-0378