News Press Stillwater
REALESTATE W E E K LY
December 31, 2020
26% Existing-home sales in November climbed nearly 26% compared to last year.
Your best source for weekly real estate news and listings for Stillwater and surrounding communities
Mike Lauvetz, Owner, Broker, CRS, GRI
602 S West St., Suite A Stillwater, OK 74074 405-372-8326 www.teamstillwater.com
2020 E Kelsey Lane
Dena Cornforth, Realtor®, GRI
Weekly Features: • About Real Estate • Classifieds • Open House Map Visit our web site at
stwnewspress.com » Classifieds » Real Estate Weekly to download the current PDF edition and see participating Realtors. To advertise your home in Real Estate Weekly, call (405) 372-5000.
2015 E. Kelsey Lane
Stillwater NewsPress • Thursday, December 31, 2020
Letting buyer ‘assume’ loan can be risky for seller Selling a home to a buyer who wants to simply take over the existing monthly payments rather than getting a brand-new loan can be a risky proposition if the deal isn’t properly structured. DEAR DAVE: My wife and have had our home listed for sale for about a month. Last week, we received an offer to purchase it from some first-time buyers. They offered to make a 10% down payment but would rather take over our existing mortgage instead of going out and getting a brand-new loan. Would this be possible? What would our bank say? ANSWER: The bank might agree to the deal. Whether you should, however, is an entirely different matter. With real estate markets in most parts of the nation still relatively n strong and mortgage Ope rates near their alltime lows, I don’t see why the prospective buyers don’t just go out and obtain a brand-new loan. There are two basic ways for a buyer to take over a seller’s mortgage. The first is for the buyer to formally “assume” the loan, which requires the bank’s approval. If the bank approves the assumption, the seller should insist that the lender provide a written release stating that the seller is no longer legally liable for any repayment of the debt.
tration or the Department of Agriculture, according to personal finance website NerdWallet.com. ••• DEAR DAVE: Are the three nationwide credit bureaus still MYERS offering free reports (if you’re using one) on a weekly basis inand also a good real stead of once a year? estate attorney before ANSWER: Yes. accepting this offer. You can get a free A better alternative report each week would be to insist from Experian, that the buyers get a TransUnion and new loan of their own Equifax through or to reject the offer April 20, 2021, by outright and wait for visiting their jointly a different buyer to operated website come along. You have AnnualCreditReport. only had your home com. up for sale “for about ••• a month,” so there’s DEAR DAVE: I no reason to panic. watch a lot of TV talk ••• shows. When the REAL ESTATE guests aren’t talking TRIVIA: Most mortabout the COVIDgage loans cannot 19 virus, they are be assumed unless talking about the they are insured by economy. My questhe Federal Housing 3tion is, what’s the Administration or n. 1 difference between a u S guaranteed eby the “V” economic recovp n VeteransOAdminisery, a “U” one and a
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DAVID The other (and far riskier) way for a buyer to take over the seller’s payments is for the buyer to take title to the home “subject to” the existing mortgage. In these types of deals, the buyer agrees to make the seller’s future monthly payments, but the seller is still legally liable to the bank for full repayment of the mortgage. The lender usually isn’t told about the property transfer. Should the buyer then default and the home is foreclosed, the seller’s credit may also be ruined. These 1-3two reasons . arenjust u it’s generally Swhy best for sellers like you to steer clear of offers made “subject to” the existing loan. Also realize that, if you accept this offer, the only cash that you’ll get out of the sale is the buyer’s 10% down payment (much of which might be needed to pay your share of the closing costs). If your equity stake in the home exceeds 10%, you’ll essentially be giving that excess equity away to the buyer unless some other type of arrangement is made. Talk to your lender, your realty agent
“K” one? Which one would be best for the housing market? ANSWER: I watch a lot of television news talk shows too, especially on Sunday mornings. And to be sure, those economists I see on TV aren’t very good at explaining the different types of possible recoveries as our nation struggles to break free of the havoc that has been wrought by COVID. The reporters and hosts aren’t much good at it, either. A “V” economic recovery is marked by a sharp but relatively brief drop in key indicators -- job growth, overall economic output and the like -before those statistics start climbing quickly again. If you look at the stats, they sort of resemble the letter V. A “U” recoveryNew takes longer. It’sPrice! marked by a drop
in the economy but then flattens out for months or even a year or so before it strengthens again. And then there’s the “K” concept. That’s when a few sectors of the economy briefly falter but then spike quickly upward again -technology may lead the charge -- while restaurants, department stores and the like continue to fail. I’m sure that my friends in Silicon Valley, where thriving companies such as Amazon and Apple have helped to fuel huge increas-
es in home values, wouldn’t be too upset if our nation’s current economic malaise ends with a K-shaped recovery. After all, they’d be at the top of the letter rather than the bottom. Overall, though, a U-shaped recovery would likely be better. It would gradually pull up a variety of businesses all around the country and boost home prices across the board, not just in areas that are blessed with tech-rich firms or entertainment conglomerates.
New Year!! Thank You, Customers and Clients, for the privilege of helping you with your 2020 Real Estate and Insurance needs.
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Horticulture tips for January ucator in the Payne While most garoil application settles down. In the and click on the County Extension deners busy themwhen the daytime meantime, please magnifying glass office. During the selves this time of temperature is over note that OSU’s to search for the year going through 40 degrees. Do not Oklahoma Garden- specific content that COVID-19 slowdown, Keith can be the newest seed apply dormant oil to ing has cataloged interests you. reached via email at and plant catalogs, evergreen plants as thousands of epikeith.reed@okstate. there are a few damage will result. sodes from its long For more inforedu. To access OSU landscape tasks If you’ve planted running gardening mation on this or fact sheets, go to that can be undernew crape myrtles program on its any other horticulKEITH REED taken when the within the last two YouTube channel. tural topic, you can https://extension. County Master Gar- hold until the coro- Go to youtube.com/ contact Keith Reed, okstate.edu/factweather allows. or three years, exnavirus pandemic • This is a good amine them closely deners remains on oklahomagardening the Horticulture Ed- sheets/ time to go out and for signs of scale stir around any tree as a new pest, the leaves still remain- crape myrtle bark ing on the ground. scale, has made its Heavy accumulaway into our area. tions of leaves can • Warm January Terry Essary Dolores Lemon Tiffany Aranda Cheryl Moody Realtor Associate CRS, CRB, GRI GRI, CRS Office Manager smother the turfdays are a good 405-742-6424 Broker/Owner Broker Associate grass, depriving it time to control 405-747-7822 405-714-1214 of air and light. winter broadleaf www.stw-realestatepros.com downtownstw.com • This is the weeds in your dorideal time of year to mant bermudagrass 405-372-5151 transplant decidulawn. Use a comJohn Lurry Downtown Office - 723 S. Main Street Assistant ous trees. They are bination of a broad Melissa Woods Bringing Buyers & Sellers Together .... Professionally GRI now fully dormant, leaf control product NEW LISTINGS AND PRICE CHANGES Realtor Associate 5917 Chateau Dr. - 2.3 acre lot - Beautiful Home - $390,000 - Donna so the plant will and a non-selective 405-385-2035 1436 E. Moses - Cushing - 3bed - $116,000 - Kyle not suffer as much product containing 5202 W. 3rd - 3bed 2bath WestPark Addn. - $210,000 - Ann transplant shock as glyphosate. This is 2701 W. 20th - 4bed 2bath SW Area - $219,900 - Tiffany 2917 N. Husband - 4bed Boomer Lake View - $306,500 - Tiffany it would if dug up a very good weed Kyle Bottger 2221 W 3rd Ave. - 4bed 2.5bath 2car garage 2654 sq. ft. LOCATION, LOCATION - $274,000 - Amy Realtor Associate during the growcontrol combination 4901 W. Crestview - SALE PENDING - $475,000 - Lori 405-612-6724 5607.1A S. Mehan -15 acres m/l Just North of 68th 7 Mehan - $127,500 - Tiffany ing season. Even but ONLY in specifDonna Rhinehart 5607.1B S. Mehan -12 acres m/l Just North of 68th & Mehan - $100,200 - Tiffany though it is winter, ic situations. Please GRI, CRS 5607.1C S. Mehan - 14.5acres m/l Just North of 68th & Mehan - $121,075 - Tiffany it is still important see OSU Factsheet Realtor Associate 5615 W. 7th - SALE PENDING - $247,000 - Don 405-612-0509 4220 W. Prescot Dr. - 3bed 2bath 2car garage 1315 sq ft - $214,888-Ann to water it well and HLA-6421 for more 3715 & 3717 W. 15th - SOLD - $168,000 - Dolores mulch it in as you information. As 810546 S. 3450 Rd. Agra OK. - 160 acres of Rural Paradise Barn/Pond/Hunting - $750,000 - Kyle Ann Morgan normally would. always, follow label 8300 N. Sangre, Stw. - 3bed 2.5bath 2car garage/Barn/40 acres m/l - $575,000 - Lori Realtor Associate 7110 Norrie Ln., Stw. - 4 10acre tracts or 40 acres - $400,000 - Lori • If you have directions carefully 405-614-9600 302 S. Main, Agra - 3bed 1bath 1.5stories Large Lot - $38,000 - Kyle plants that have when using any 306 N. Carney, Carney - WHY RENT? 2bed 2x2 ads may run anywhere in your newspaper. Don’t forget to remind your4711 classified department to PAY download the1bath 993 sq. ft. - $42,000 - Kyle Deerfield Dr., Stw. - Unique One Of A Kind 63.77 acre ESTATE - $3,999,000 - Dolores suffered from heavy pesticide. Amy Parsons 5921 Gunnar Springs, Stw. BETTER THAN NEW line ads for this week at www.okpress.com/ocan - CHOOSE THE AD SIZE CLOSEST TO 916 YOUR COLUMN WIDTH 4bed 2 bath 2257 sq ft - $345,900 - Lori infestations of scale • All in-person GRI W. Choctaw Ln. - SALE PENDING - $190,000 - Ann Realtor Associate insects, consider programming of321 W. Broadway, Drumright - 4bed 2bath 1852 sq ft Historic Drumright OK - $92,500 - Kyle 405-714-0882 4 S. Grant, Tryon - 2bed 1bath 1car garage 1272 sq ft - $71,500 - Kyle making a dormant fered by the Payne
Cole Graves Realtor Associate 405-334-3588
Oh,Oh,thethethings thingsyou you will willlearn learnwhen whenyou youread read
Oh, Oh,thethethings thingsyou youwill willlearn learnwhen whenyou youread read
PUBLIC PUBLIC NOTICES. NOTICES.
Don Zhao Realtor Associate 202-848-2120
Dianna Norman Realtor Associate 580-761-3926
Keep Keepinformed informed about aboutwhat’s what’s going goingononin inyour your community community bybyreading reading public publicnotices notices in inyour yourlocal local newspaper. newspaper.
Lori Kastl CRS Realtor Associate 405-880-2844
Jennifer Oliver GRI Realtor Associate 405-612-4984
PUBLIC PUBLIC NOTICES. NOTICES.
Keep Keepinformed informed about aboutwhat’s what’s going goingonon in inyour your community community bybyreading reading public publicnotices notices in inyour yourlocal local newspaper. newspaper.
1601 E. 4th, Stw. - SOLD - $123,500 - Ann 6020 Laquinta Dr. - SALE PENDING - $710,000 - Tiffany 1505 N. Council Creek, Glencoe - 3bed 2bath 1454 sq ft on 40 acres m/l - $299,900 - Lori 207 E. Maple Ave., Perry - 2bed 1bath 1 car garage Storm Shelter 1131 sq ft - $78,500 - Dolores 3337 W. Charleston Ct. - Nice lot in Berry Creek a gated community - $39,900 - Donna 0000 E 56th - 81.10 acres m/l ¼ mile West of Rose Rd - $308,000 - Lori 2707 W. 44th - 15.86 acres Will Divide Look for signs West of Western - $317,000 - Lori Cedar Oaks & 19th - 7.48 acres m/l in City Limits - $350,000 - Lori 3317 E 6th - Commercial Buildings Great for Restaurant - $649,000 - Melissa 6019 S Country Club Rd. - 60 acres ready for you to build. - $550,000 - Tiffany 13th & West - 25.94 acres in the city limits zoned ag. - $120,000 - Dianna 0000 S. Country Club Rd. - 20 Acres on Paved Road - $200,000 - Ann 5706 W. Garden Pointe - SOLD - $439,900 - Donna 3919 W. Rutledge Dr. - 5bed 3.5bath 3715 sq ft DON’T MISS THIS ONE! - $559,000 - Ann 1605 S. Aetna - 1.19 acres m/l in TOWN Just think what you could do! - $25,000 - Ann 4717 S. Turtle Pond Ct. - Great ½ acre m/l Lot for your building pleasure - $45,000 - Tiffany 6800 W 68th - 70 acres at 68th & Western Split your way! - $525,000 - Lori N. Washington Rd. - 151.8 acres m/l OH the Possibilities! - $2,352,900 - Lori Roka Hidden Lake - lots with Lake view - $75,000 - Lori Roka Hidden Lake - Lots ready for building - $50,000 - Lori W. Allyn Ave. - 11.46 acres m/l - $400,000 - Lori
Stillwater NewsPress • Thursday, December 31, 2020
ZONES: CENTRAL for week of May 20, 2018
To raise financially savvy kids, give money lessons a reboot By Sara Rathner
Stillwater NewsPress • Thursday, December 31, 2020
Many elder millennials may have learned to manage money much like our parents did: waiting for statements to arrive in the mail, balancing checkbooks and paying in cash. But if you’re planning to impart the same lessons to your own children, ask yourself a few questions first. Is this still how you deal with your finances? How often do you carry cash anymore? Do you even know where your checkbook is? If the respective answers are “no,” “rarely” and “maybe in that box I never unpacked since moving six months ago,” then the money lessons of the ‘90s aren’t going to cut it for the next generation. The way we handle money had already been changing dramatically, but the pandemic accelerated those changes. One example: A September 2020 American Express study found that since the COVID-19 outbreak began, 70% of
merchants had customers request contactless payment options, and 73% of merchants prefer customers to pay with a card or app instead of cash. So trade in those old-school money lectures for a primer on plastic and digital payments. By the time your kids become financially independent, they may thank you for it.
checkbook lessons for monitoring bank and credit accounts online. Show your kids what a credit card statement looks like. Talk about building credit history by showing them your credit report.
HELP KIDS TRACK EARNING, SPENDING AND DEBT Rosanna Agado, who recently moved from the Seattle BEGIN CREDIT area to Glasgow, LESSONS AT A Scotland, mainYOUNG AGE tains a spreadsheet Because cash is for her three kids. tactile, it provides Rather than give a natural way to them their weekly introduce younger allowance in the kids to money. But form of cash, Agado according to Gregg and her husband Murset – founder act like a bank acand CEO of the count and lender BusyKid app, which combined. teaches kids about When one of their money managechildren decides to ment – you don’t buy something, the need to stick to coin parents pay and counting for long. deduct the total “I think kids are from that kid’s very smart these savings. The kids days, and they can are allowed to go learn that a quarter into debt and aren’t equals 0.25 in like charged interest, five minutes,” he but they must skip says. however many Since cash is out weeks of allowance and cards are in, are needed until the there’s little reason debt is repaid. to avoid introducing Their eldest son, credit and debit who is 14, now has lessons as soon a bank account as possible. Swap with a debit card,
and while Agado doesn’t monitor his purchases, she does check the balance daily. “Having that freedom of having the card to spend on his own, it’s like credit card light,” she says. “He knows there’s a limit on what he can spend.” If something seems unusual, Agado discusses the purchase with her son to verify that it’s accurate – not to judge his decision, but to teach him the importance of monitoring his account for suspicious activity. OPEN UP ABOUT YOUR OWN CREDIT HABITS – AND MISTAKES Credit cards can be a much-feared financial product because of the risk of getting into high-interest debt, but they can be a useful tool, too. Sharing your credit triumphs and errors with your kids can help them make confident decisions as adults. Agado and her husband don’t want credit to be a mystery to their kids. They discuss topics
like credit card rewards, which card to use for which purchase and what happens if you take on debt or miss a credit card payment. “One of the main driving forces was the fact that my husband and I both destroyed our credit when we were younger,” she says. HOVER LESS, TRUST MORE Money talks are important, but kids learn even more when they apply
those lessons to real-life purchasing decisions. Let your kids choose what to buy, within reason, even if you think they’re making a frivolous choice that will blow through a month’s worth of their allowance. Much as you learned from your own regrettable decisions, your children can do the same. Better a $10 mistake at 13 than a $10,000 mistake at 33, after all. “I think it’s a big mistake for parents
372-5000 211 W. 9th
to helicopter their kids too much when it comes to money,” Murset says. “I would much rather kids buy something with their money and have the heartburn that comes with remorse.” This article was provided to The Associated Press by the personal finance website NerdWallet. Sara Rathner is a writer at NerdWallet. Email: srathner@nerdwallet. com. Twitter: @ SaraKRathner.
News Press Stillwater
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Home buying basics: Escrow accounts, requirements and benefits By Kenneth Wohl RCB Bank
hat is Escrow? As a homeowner, you are responsible for expenses beyond your mortgage payment such as property taxes, homeowner insurance and mortgage insurance. Put simply, an escrow account is set up by your lender and helps you budget for these expenses by including them in your monthly mortgage payment.
your escrow account grows. When insurance and tax payments are due, your lender uses the money in your escrow account to pay those bills.
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costs and taxes, your escrow payment will also change. Your lender will review your escrow annually. The review looks at updated taxes and insurance costs to s an Escrow ensure the amount Account Repaid into the account quired? is enough to cover Most lenders costs. If costs have require escrow acdecreased, due to a counts on mortgag- change in insurance es where you pay for example, there less than 20 percent may be an overage down. Your escrow and you will beisaccount is set up at sued a refund. If closing and allows costs have increased, you to pre-pay the you will be required required insurance to make up the difand taxes for the ference. following year. There are two If you put more ways to manage than 20 percent escrow payments if down and decide costs increase: not to open an 1. Pay the differescrow account, ence in one lump you will need to sum. Your full paypay your property ment covers the past taxes and insurance payments and brings premiums as lump your account to balsums. Depending ance. An increase in on the value of monthly payments your home, these is still necessary to payments can cost cover the increased several thousand costs in the future, dollars each year. but you will not have Make sure to budto pay the shortage get for these costs in future payments. so they do not catch 2. Divide and pay you by surprise. the amount over the next 12 payments. scrow Man- Paying back your agement: shortage over time Can my will increase your payment change monthly payment over time? because you are payYes, if there are ing the shortage plus changes in insurance the increase in costs
When a storm can be rolled into has ceased, states strikes or an acplace and uses gas- Ready.gov, while cident knocks out oline as fuel. Plug a freezer can keep electric power lines in a set number of the temperature for or other infrahousehold items, about 48 hours if structure, it may depending on the full. Packing these over the next year. take much longer amount of power appliances with ice This option will for power to be the appliance can or frozen bottles of increase your payrestored. During accommodate. A water can help. ment by twice what Superstorm Sandy whole-house genPurchase books, the previous option in 2012, more than erator can be hardboard games and would increase. eight million people wired to a home’s puzzles to have aclost power and out- electrical system tivities to pass the inancially ages lasted for days and automatically time until power Fit Tip: in some major cities. engage should a resumes. Shop Outlying areas were power outage occur. During a Around for Insurwithout power for Prepare power outage ance weeks, according to in advance Report the power To reduce how National GeographIn anticipation outage to the power much your escrow ic. It’s important to of a power outage, company if it seems fluctuates from year know how to handle stock up on batlocalized; otherwise, to year, review your a power outage to tery-powered devicwait for updates to homeowner’s policy keep everyone safe es like flashlights, see who is affected. and insurance plans. and comfortable lanterns and radios. Try to remain It is always a good until power can be Charge mobile cool or warm if the idea to comparison restored. phones and other HVAC system is shop and request Invest in devices so they’re at not functioning. quotes. If you find a a generator 100 percent power. Pool resources by better deal, contact If you live in an Keep a cache of having everyone in THE RE/MAX SIGNATURE EXPERIENCE your lender to uparea that is affected nonperishable food the family gather Dedicated professionals providing unrivaled service. date your escrow acby frequent power available and plan in one room of the RE/MAX SIGNATURE 114 W. HALL OF FAME, STILLWATER, OK 74075 count information. 405.533.3000 | StillwaterSignatureRealEstate.com outages, a power to use any perishhouse. Older adults I’m here to help, generator may able items that are and children are eseven if you’re not an Gina Killough Cheryl Carpenter Martin prove a worthwhile in the refrigerator pecially vulnerable GinaKilloughHomes.com CherylCarpenterMartinHomes.com RCB Bank custom405.612.2210 405.880.7354 investment. Genfirst. A refrigerato extreme temperaer. Feel free to call erators come in tor can keep food tures. me, Kenneth Wohl, Ted Newlin Vicky Jerome two basic types. A cold for about four TedNewlin.Realtor.com VickyJeromeHomes.com at 405-608-5291 or 405.714.5309 405.747.7239 portable generator hours after power – MetroCreative email firstname.lastname@example.org. Tina Darr Candy Yundt Stillyhomes.com CandysHomes.com 405.742.4525 Opinions expressed THE405.697.0045 RE/MAX SIGNATURE EXPERIENCE above are the perDedicated professionals providing unrivaled service. Brooks Thomas Julie Bahl sonal opinions of the BrooksThomasRealty.com StillwaterHomeTeam.com 405.762.3744 405.880.3476 author and meant for RE/MAX SIGNATURE 114 W. HALL OF FAME, STILLWATER, OK 74075 generic illustration 405.533.3000 | StillwaterSignatureRealEstate.com Amanda Meberg Kasey Longan purposes only. For email@example.com RealtorMomPro.com 405.612.2096 specific questions regarding your perCandy Yundt Brooks Thomas Gina Killough Beth Peterson sonal lending needs, CandysHomes.com BrooksThomasRealty.com GinaKilloughHomes.comBethPetersonHomes.com please call RCB Bank 1-3 Beth 405.742.4525 405.880.3476 405.612.2210 2618 Lyndsey Ct. at 855-BANK-RCB. 6209 W. Canterbury Tina 1151-2:30 S. GRANDVIEW ST. With approved credit. Each office independently owned and operated. Some restrictions 3BR, 1.5BA 1,334 sq.ft. 1124 Stoneridge Dr. 12-1:30 Julie apply. Equal HousJulie Bahl Ted Newlin Kasey Longan $158,000 ing Lender, Member StillwaterHomeTeam.com TedNewlin.Realtor.com www.propertyjustforyou.com Candy Yundt FDIC. RCB Bank 405.762.3744 405.714.5309 405.880.5569 NMLS #798151. 2:00-4:00 p.m. Kenneth Wohl NMLS #453934.
Stillwater NewsPress • Thursday, December 31, 2020
ow Does Escrow Work? First, your lender adds up your additional home-related costs outside your mortgage payment, including property taxes, homeowners insurance, mortgage insurance and flood insurance. Then, they divide the total cost of these payments by 12 months and add it to your monthly mortgage payment. With an escrow account, you make one monthly payment that includes your mortgage principle and interest, plus a percentage of your insurance and tax expenses. Every time you make a mortgage payment,
Don’t miss a beat during a power outage
Stillwater NewsPress • Thursday, December 31, 2020
Millennial Money: three vague financial resolutions to avoid By Courtney Jespersen zi, certified finanNerdWallet cial planner and owner of Activate As we close out Wealth in Philadel2020 and enter phia. “And then you 2021, most of us are kind of back into anxiously awaityour budget from ing a happier year there.” ahead. TraditionIf you really want ally, we mark the to save more money fresh calendar year in 2021, make it with New Year’s your mission to resolutions to keep set aside a specific us hopeful and mo- percentage of your tivated – particular- income each month, ly when it comes to Venanzi recomour finances. mends. If all goes well, by This approach this time next year, will help you spend you’ll be posting on less by taking savsocial media about ings off the top. how you crushed Working from a your 2021 #goals. percentage – say, But that post will saving 20% – is be a lot less likely if also beneficial beyou set resolutions cause you won’t be that aren’t attaincomparing yourself able in the first with anyone else. place. Someone else may To increase your save $500 a month, chances of success, but you can calcuhere are three filate and save a dolnancial resolutions lar amount based to avoid this year – on your own income and some better al- that works for you. ternatives instead. Just make sure SPEND you’re actually savLESS MONEY ing money rather It’s probably the than just rearrangmost basic financial ing it, says Sean goal: spending less. Rogers, CFP, owner But as well-intenof Capital Stewtioned and finanardship Partners cially responsible in Grand Rapids, as it sounds, it Michigan. probably won’t yield For instance, if the greatest results you’re putting more over the next 12 money in savings months. each month but “Focus on savings then charging more goals as opposed to to your credit card budgeting goals,” to make up for says Taylor Venan- less money in your
checking account, you’re not actually saving more. PAY DOWN DEBT Like saving money, paying down debt sounds like an important resolution. And it is. But it’s actually more important to make a plan for attacking that debt. While your debt repayment strategy is a personal decision, for most people, Venanzi recommends focusing on paying down your high-interest debts. Or, you could get even more granular and resolve to work on debts above a certain interest rate. If you have more than one high-interest debt, check for variable-rate debts. Be aware of these because the interest rate could jump in the future. Once you take inventory of your debts, pick a debt payoff strategy and make that your New Year’s resolution. PLAN FOR RETIREMENT Here we go with ambiguity again. Sure, thinking ahead to retirement is smart. And you should 100 percent be doing that. But “staying on track
for retirement” doesn’t exactly qualify as a great resolution. A more specific goal would be to say that you want to retire at age 65 without compromising your current lifestyle, Rogers says. Using that as your guideline, you’ll have an idea of how much money you need in retirement and can take steps to work toward that target. So in 2021, your retirement resolution may actually be along the lines of: Organize my financial documents. Set up a balance sheet and income statement to track my spending and saving. Commit to a long-term savings
rate. If you follow through with these and other actionable steps, you’ll be on track for your ultimate goal. GOALS ASIDE, MAKE A PLAN Any financial resolution can be good or bad, depending on if you have a proper plan to execute it, according to Kyle Hill, CFP, owner of Hill-Top Financial Planning, LLC in Kansas City, Missouri. “Buying a house, getting a new-toyou car or even getting out of debt – these are all great goals,” Hill says.
“But if you don’t have a plan for achieving those, I think that’s where you can kind of get into trouble.” Rogers says a reliable way to get where you want to go is to look in the rearview mirror first. Say you’re creating a budget to track your spending. You wouldn’t just guess how much you plan to spend each month on various expenses. It’s a better idea to pull up your credit card and bank transaction data from the past year to see how
much you actually spent. Use those figures as a baseline. Another helpful tool? Hill and Venanzi both recommend an accountability partner, like your spouse, colleague, parent or someone else who knows your objective. Check in on your progress every other month for short-term goals and annually or semiannually for long-term goals. So go ahead, make a plan to crush those 2021 resolutions – and then make it happen.
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Nancy Lee Dr.
Jardot Rd. Marine Rd. Burdick St. Manning St. Briarwood St.
t. is S Lew
Lowry St. 37th Av.
35th Av. 36th Av.
s Wild Turkey Pas
Vista Ct. Vista Ln.
S. Westchester St.
Hightower St. Dr.
Mockingbird Ln. Collins Ct. Colby Lance
3rd Av. 4th Av.
Peach Tree Av. Stonegate Av.
2nd Av. 4th Av.
Jardot Rd. 16th Av.
Mar Vista St. 28th Av.
Denver St. er St.
Payne St. Payne St.
Timbercrest Dr. Timbercrest Cr.
Denver Ct. Denver St.
Canyon Rim Dr.
Wedgewood Ct. Wedgewood Dr.
Crestwood Dr. Crestwood Ct.
James Ct. Alc
Chester St. Fern St.
Blair St. Payne St.
Chester St. Lowry St.
Lewis St. Lewis St.
Briarwood Dr. Manning St.
Hartford St. Dryden St. Benjamin St. Burdick St. Burdick St. Berry St. Arrington St. Marshall St. Doty St. Blair St. Grandview St.
Grandview Ct. Grandview St.
Su nn nn y yb Ct bro ro . ok o
Berry Ct. Arrington Ct. Arrington Dr.
Hartford St. Dryden St. Redbud Ct.
Hoke St. Husband St.
West St. Duck St.
West St. West Bl.
17th Av. 18th Av.
Pa rk Sta Dr. rD r.
West St. Duck St. West St. Duck St.
Hester St. Hester St.
13th Av. 13th Pl. 14th Av. 16th Av.
Connell Ct. Connell Av.
Park Dr. Park Dr. Keller Dr.
Husband St. r. dD an sb
Washington St. Bellis St.
Hester St. Knoblock St.
n St. Monroe St. Jefferson St.
Monroe St. Jefferson St.
Summ erlin Ct. Bridlew ood
Whitney Ct. McElroy Rd.
Lincoln St. Lincoln Brooke Lincoln St. St. Hollow Ct. Monroe St. Monroe Monroe St. St. Jefferson St.
Garfield St. Clevelan
McFarland St. . Kings St
McFarland St. Kings St.
e D Ridge Dr. r. Willis St.
Ridge Dr. Rid g Western Rd.
Walnut St. Melrose Dr. Pine St. Redwood St. Gray St. Cleveland St. Stanley St. Garfield St.
Kings St. Orchard St.
Devon St. Wicklow St. Ln.
Dr . in Elv
Black Oak Dr.
Pioneer St. Quail Ridge Dr. 28th C t.
Birchwood Ct. son Ct. Wedgewood
Black Oak Dr.
9th Av. 10th Av.
Fountain View Dr.
Country Club Rd.
4th Av. 5th Av.
Forest Trail Ct.
Turtle Pond Ct.
August Dr. Cambridge Ct.
3rd Av. 4th Av.
Will Rogers Dr. Cimarron Pl. Cimarron Dr. Leland Frontier Dr. Linda Av. Willham Dr. Ct. Boyles Ct. Willham Dr. Manning Ct.
Arbor Cr. 22nd Av. 23rd Av.
Fountain View Ct.
Red Rose Dr.
Will Rogers Dr.
Hall of Fame Av. Mathews Av.
Woodland Trails Dr.
Pheasant Eagle Creek Ave. Ridge Ave.
Emma Swim Ave.
Krayler Ave. Ridgecrest Av. Brooke Av. Moore Av. Franklin Ln. Knapp St.
dge D r. Fox Le
29th Ct. 30th Av.
Inverness Ln. Deer Crossing Dr.
20th Av. 21st Ct.
Ct. . nery ock Ln R dle Sad
Fox Ledge Ln.
13th Av. 14th Av.
Quail 25th Av. Ridge Ct.
Fox Ledge Dr.
Isabell Pointe Dr.
Willow Park Cr.
Fox Ledge Ct. 32nd Av.
Bristol Rd. Av. 24th Av.
Black Oak Dr. Countryside Dr.
Sangre Rd. Murphy St. Fairfield Dr.
Davinbrook Ln. Fiddlers Hill St. Berkshire Dr. Dublin Dr.
Squires St. Shumard Ct. Oak St. W. Shumard Dr. Williamsfield
Westridge St. Hillside Ct.
Fairfield Dr. Mansfield St. ge Ct. Cedar Rid
Oak Trail Dr.
Shadow Creek Ln.
7th Av. 8th Av. 9th Av.
Lincoln St. Liberty Ct.
Willis St. Ridge Rd.
Country Club Rd. Abbey Ln.
Windsor Dr. 2nd Ct. Kea ts D r.
Oak Ridge Dr. Basin Ridge Dr. e Dr. Ridg lue Charles Dr. Sprin B gdal Wo e Dr. odc re 11th Ct. st Dr. Edgemoor Dr.
Westwood Ln.Westwood Dr.
. Rd ge
Loper Billin gslea Ln. Ct.
r. k D r. r. 15th Av. Old Forest D D roo stb hire ar Charleston Cypress Mill We orks alam Y Sh 18th Ct.
4th Av. 5th Av. 5th Av.
Wentz Ln. University Cr.
Dr. Park Cr.
Land Run Dr.
tD r. W rig h
sR d. ces
Preston Liberty Cr. Cr.
Airp ort Ind ustr ial A c
Valley View Bradley Pl. Sangre Rd.
Range Rd. Crosswinds
ge drid W oo
Stillwater NewsPress • Thursday, December 31, 2020
Westbrook Ct. 15th Av.
Sunset Av. University Av.
St. Tyler Av.
Keller Dr. Lakeview Ct.
Country Club Dr.
land Ct . Ja Lind a
Summer Hill Ct. Germaine Ct.
Woodlake Dr. Deer Creek Ct.
Crestview Ct. Cowboy Ct. High
Farm Av. Olive Ln. Drummond Av. Athletic Av. Monticello Dr.
Admiral Av. Sherwood Av.
Durham Ct. Ashford Ct.
. Club Dr . Country Club Ct Country 14th Av. Woodland Ct. Oakfield Ct. 16th Av. Dr.
o Wo Crestview Av.
Frontage Road 7th Av.
ointe en P Gard ill ng H Spri Deer Run Ct.
e Ridg Oak
Pecan Lake Av. Trenton Ct. Pecan Trail Ct.
Hall of Fame Av.
Pecan Hill St.
177 Ct. Av. uita rgia Chiq d Ct. Geo woo Wild Dr. Brentwood Dr. n Peca Redbud Dr. Redbud Dr. Randolph Ct. Eskridge Av. Windrock Hartman Av. Cr. Tyler Av. Tyler Av. Highview Av.
Dr. nett Graham Av. Ben Will Rogers Dr. Eskridge Av. Eskridge Av.
Brooke Jefferson St.
Brooke Moore Franklin
Eastland Dr. Marcus Dr.
oke r. Brollow D Ho
Hereford Dobi Ln.
Oak Crest Rd.
7th Av. 8th Av.
Liberty Rd. Preston Av.
8th Ct. 9th Ct. Trenton Av.
Harned Av. Madison Ct.
Thomas Av. Frances Av.
Lisa Ct. Lori Ct.
177 Airport Rd.
Memory Ln. Country Ln.
Newman Av. Hillcrest Av. Brown Av.
rie Dr. Wil liam Ct.
Pa rk Gr vie ee w C nv r. ale Cr Da . vis Ct. Ma
Ute Av. Ranch Av.
Stillwater Municipal Airport
gate Dr .
Britton Ct. B Dr. ritton Greenbriar Cr. Dr. Au d Ma ene D rieD r. r. Greenvale Ct. Ct. side rook
RE/MAX Signature 1. 115 S Grandview St. – 2-4 p.m. … Candy Fisher Provence 2. 4018 W 15th Ave. – 1-3 p.m. … Kim
Quartz Dr. Richmond Hill Rd.
Washington St. Garfield St.
Husband Pl. Northgate Dr.
Park Pl. Tower Park Dr.
Richmond Hill Ct.
• Open Houses may be canceled in the case of inclement weather. If you have questions, please call the hosting REALTOR®.
Chateau Pl. Peaceable Acres Rd.
• All Open Houses are Sunday unless otherwise indicated.
Burris Rd. 177
Week of Sunday, Jan. 3, 2020