For those of you who like to look at statistics - here is a glimpse of the housing market in Southeastern Oklahoma comparing 1st and 2nd Qtr data of 2009 with the past several years.  I think you will find it interesting.  Take a look:  southeasternok.pdf  While the number of houses sold is down 13% and the average price is down 3.2% all in all I believe Southeastern Oklahoma has done well considering the state of the overall economy.  So, if you are looking for a “steal” in real estate in Southeastern, Oklahoma you might have to look elsewhere.  Real estate remains a great investment here!

I was on an appointment today meeting with a buyer and going over inspections at the house he has made an offer on.  When the inspector was through and gave his report to the buyer, the buyer started asking questions about how long certain systems and appliances should last.  When looking to buy or sell a home it is important to think about the life span expectancy of home systems and appliances.  This will greatly affect the listing or purchase price.  It should also make a big difference whether or not a seller or buyer purchases a home warranty on the property.    Below is a summary of life expectancies of certain systems and appliances.  Check it out and take the list with you when you are looking to purchase a home.  This might also make a difference to you about wanting a home warranty on the home you are about to sell or purchase.According to the National Association of Builders the life span of home systems and appliances is as follows:

Item                               Life Expectancy

Central A/C                                 15+

Window A/C                          10

A/C Compressor                     15

Electric Water Heater             14

Gas Water Heater                  11-13

Forced Air Furnace                15

Gas or Oil Furnace                 18

Trash Compactor                   10

Dishwasher                           10

Exhaust Fan                          20

Dryer                                   14

Disposal                               10

Freezer                                16

Microwave                            11

Electric Range                       17

Gas Range                            19

Gas Oven                             14

Refrigerator                          17

Clothes Washer                     13