Many of you told us you love to travel and wanted the added security of a gated community while you are away. So "The Gates at Legacy" will offer greater security for all home owners with a monitored gate system. The location of the neighbor hood also contributes to the over all safety for the home owners. Although it is secured from heavy traveled road traffic the location allows for extremely fast access to SW 134th for quick travel anywhere you need to go. "The Gates at Legacy" is designed for a carefree life style for our residents. No mowing lawns in the summer heat and giving up weekends for yard work. All lawn mowing front and back plus edging and servicing will be taken care of for you. An accredited Interior Designer is available to assist you all the way through your selections for your new home. All homes come with stair way access to the attic and we have been busy designing many new options available here in 'The Gates at Legacy".

We have a new community and a new look and many new amenities. Our commitment on building a quality home remains at the top on our list of priorities. We have aspired to provide a safe and beautiful place to live for our future home owners. Oklahoma City is at the fore front of the real estate market and has been for many years. JW Mashburn Homes is a leader in the field of new home construction. We have been developing communities and building quality homes for over 50 years. We have set the bar for those who follow in our field. The current out look for Oklahoma City home owners is very bright and getting brighter. We want to wish every one a awesome 2012 and hope all your endeavors turn out successful. If you are dreaming of a new home make this the year your dream comes true.

Drop in and feel free to look around. We enjoy seeing everyone.

Thank you,

J.W. Mashburn Homes

Many people have questions about the housing market.  They are wondering, “What should I do?” Sell, Buy, Rent or Just Wait! 

I can’t speak to your specific circumstances but, I can give you an overview from The Oklahoma Mortgage Bankers Association’s assessment of “The Market.”

 First, The bad news and it’s in the form of perception, Specifically the Lack of Consumer Confidence.  This is due to several factors:

·  Media reports are nearly 100% negative

·  Japanese Tsunami and European governments creating global fears

·  National unemployment over 9%

·   4 million home loans over 6 months delinquent or in foreclosure

·   Fears of U.S. government shutdown without a debt ceiling adjustment

·   Historically no recovery without improved housing sector

·   Potential buyers cannot get a home loan with stringent underwriting

Second, The good news and it’s in the form of facts. “The Market” still is and will continue to be Local.  Here are the supporting facts:

·   Oklahoma’s economy continues to show signs of strength

·   State tax receipts are up 15% over the past year as of June

·   Statewide unemployment dropped to 5.3%, decreasing in all 77 counties

·   Unemployment in Oklahoma City is 4.5% - lowest in the nation of major cities

·   Since 4th Quarter of 2009, Oklahoma’s personal income growth is 2nd highest nationally

·   Oklahoma is one of the few states with significant inward migration

·   Market values on most homes have remained stable

·   Lenders and borrowers remember the Oil Bust and have been conservative

 Third, as I said earlier, “I can’t speak specifically to your circumstances” but, here are a few more facts that may help you in your decision:

·   Average Sales Price in the OKC Metro area is approximately $150,000

·   Interest rates are at a 50 year low

·   Average interest rate since 1990 is 7.16%, current rate is 4.5%

·   If interest rate on average house ($150,000) moves from 4.5% to 6.5% (still below average for last 20 years) the payment increases $183.00 per month

·   With the FHA monthly MI (Mortgage Insurance) increase over the past year the payment has increased another $75 per month

·   What does this mean to you? It means, for the same amount of monthly payment, you would have to settle for a home that is $50,000 less in value.  This could make a difference in where you live.

·   One last interesting fact; the average net worth of homeowners is $188,000 while it is $4,600 for Renters

 1) Unequaled Reputation:

 After more than 40 years of community development and home building,

 We have established a solid reputation for excellence with our designs,

Availability of custom upgrades, commitment to quality and inspired service

 Before and after you buy one of our homes.

 2) Warranty Program:

 We are second to none when it comes to warranty issues.   We built it and we fix it.

Our homeowners never have to wait days or weeks for us to look into a problem

and resolve it. Our accountability system ensures warranty issues are identified,

scheduled and repaired in a timely manner.

3) Recognized Achievement:

 Certified Professional Home Builder Designation from the Oklahoma State

Home Builders Association.

Central Oklahoma Home Builders Association, Home Builder of the Year

 4) Customer Satisfaction:

 In a recent survey of our homeowners, we asked them why they bought a Mashburn Home.

The following is just a few of the responses we received:

 “Quality and Price and the attention we received when we walked through the door” Craig and Tammy Francis

 “It was a great value” Skip Allen

 “Good Value” “Good Design” “We had been looking for 3 years”  James and Jennifer Snellen

 “Lots of home for your money” Shannon Ritter

 “The price of the home and the beautiful kitchen” Greg Smith

“The best we saw” Bill Hogue

 “We loved the floor plan” “It was unique to all the others we saw” Bob and Danna Raiber

 5) The Personal Touch:

 Our trained Sales Staff will guide you through the building process Step-By-Step.

During certain phases of construction your Sales Manager will meet with you to

review our progress, review and update any changes requested and answer any

questions you may have.

 6) Customizing Your Home or Don’t Pay For Something You Don’t Want:

 In this time of ever increasing building costs, it is our desire and commitment to provide you

 with a quality built home at an affordable price.  Our homes come equipped with numerous

features for comfortable living.  Instead of adding in upgrades, that you may not want

and increasing your costs and calling them standard features we provide a “Shopping List”

 of pre-priced options and a selection of floor plans with FlexAreas for tailoring your home to

fit the way you want to live. You can now build an affordable home that say’s “This Is Me”.

 7) Homeowner’s Manual

 We believe the home owning process is so important we wrote a book on it.

Each homeowner receives a detailed Home Owner’s Manual that explains

our building process, contains information about lawn care, foundation care,

decorator selections, warranty, changes after the contract is signed, closing

and much more.

 8) Communication:

 We believe communication is the key to any successful relationship.

Our Sales Staff is available 7 days a week to answer any questions you may have.

 9) Dedicated People:

 Our company is dedicated to providing a happy work environment so we can offer

Our Customers superior quality and Custom Service

 10) Life Design

 After over 40 years of dedicated development and building we have developed

our own unique style of design, architecture, and engineering to ultimately

enhance the value of your home.

The next logical question would be; "Is it better to wait or buy now"?  This depends on how much of a gambler you are?  There are two major areas you need to look at in order to make this decision. First, the price of new home construction and we already know the cost of construction is going up, not down.  The second, is interest rates.  Clearly, we don't have a crystal ball to gaze into for the answer and no one has been able to predict exactly when rates will increase or decrease with any certainty.  But, we do have historical data that we can use to make a "Best Guess" on rates.  As of now, we believe rates will remain at around 5% for the next few months.  Of course, this could change tomorrow with any number of events that could have an impact on the economy.

In order to make an intelligent and informed decision you need to weigh these two factors carefully.  Here are a few questions you might want to ask yourself, if you wait.  1. If prices do come down, unlikely, and rates go up what have I gained or lost?  2. If prices go up and rates go down, what have I gained or lost?  3. What if prices and rates go up, what have I gained or lost?  What if prices and rates go down, are you the gambler? 

Buying or building a new home certainly isn't just one "big" decision, it is a series of smaller and more manageable decisions based on the best information you have at the time.  Stop by our model home located at 2828 SW 140th street in The Villas at Cascata Lakes and let us help you!!

Tony McGrew

On each custom home we build, the process is digitally recorded from start to finish and posted on our Face Book Page for you, your family and friends to review and enjoy.

Here at J.W. Mashburn Homes, we have real estate and financial specialists available to answer your questions about the market and the new home purchasing process.  Call today for an appointment and experience a different kind of sales and service in new home construction.