How much "house" can I afford?
Before looking for a home, it is usually good to know how much you can afford. This value depends on:
- how much down payment you are willing to make,
- your annual income,
- amount of other debt you may hold,
- your credit history, and
- current interest rates, among others.
Before house hunting, you may want to visit you bank or mortgage company to know how much money you may be able to loan.
There are mortgage calculators that can help you calculate monthly payments given the interest rate and the value of the home you are interested in. You may use the mortgage calculator here to estimate your monthly payments.
Where can I get more information on the Oklahoma Panhandle?
Whether you are relocating to the area or a long-time resident looking to make further investments, you may be interested to learn more about the community, its schools and its people. Below are some helpful links to information on the cities and towns in the Oklahoma Panhandle.
City of Guymon
Town of Goodwell
Community Data: Texhoma, OK
Community Data: Guymon, OK
Community Data: Hooker, OK
Community Data: Goodwell, OK
Schools Ratings- once on this website, enter the school name or do a search of all schools in the community you are interested in.
Who should I contact for a mortgage?
There are numerous banks, mortgage companies and mortgage brokers who do business in the area. Below are links to some of these institutions. Note that this may include some but not all entities who do business in the area, but it is a good list to start. This list is by no means an endorsement of any and all of these institutions and is provided here for information purposes only.
Bank of the Panhandle
City National Bank
First National Bank of Texhoma
Resources for Home Sellers
Do I need to work with a real estate associate or broker to sell my home?
You do not have to contract with a broker to sell your home. However, listing with a broker increases the visibility of your property, allows you to have an experienced professional accept and negotiate offers on your behalf, and ensure that adequate processes are undertaken to successfully complete the sale and transfer of deed.
What are the benefits of working with a real estate broker?
A real estate transaction is a complicated process and having an experienced professional on your side will help make this a smooth, efficient and effective process. When listing your property with a broker, they are expected to:
- Advertise and market your property for sale in the best possible way including showing your property to all interested parties,
- Provide a selling price recommendation based on a market analysis,
- Accept and communicate offers and counteroffers for purchase of property to the seller,
- Negotiate offers and counter offers on behalf of the seller,
- Provide an estimated net to seller worksheet which considers all seller related costs based on sale price,
- Once an offer is accepted, coordinate the closing process.
Note that brokers work on commission based on selling price. Your broker should talk to you about the rate of commission upon listing.
If you have additional questions, feel free to contact us.
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