Oklahoma real estate: buy or sell with a local AXEN agent
Oklahoma charges a small documentary stamp tax when the deed is recorded, sellers who use an agent give a disclosure or disclaimer form, and the mineral rights under a home often belong to someone else. Here is what is the same everywhere in Oklahoma, and where to search homes.
Oklahoma cities we cover
Tap a city for its local guide or the newest homes for sale there.
What every Oklahoma buyer and seller should know
Documentary stamp tax
The county clerk collects $0.75 for every $500 of the price when the deed is recorded.
Seller disclosure or disclaimer
When a seller uses an agent, they give the state disclosure form, or a disclaimer if they never lived in the home and know of no problems. The form must be less than 180 days old.
Title company closings
A title or escrow company handles the closing, and the abstract (the property's paper history) is often updated and checked.
Homestead exemption
If you live in the home you own, apply with the county assessor by March 15 to take $1,000 off its assessed value.
Mineral rights
A home often comes without the oil and gas rights under it. Check the deed, and ask the title company what the policy covers.
Storms
Ask about past tornado or hail damage, which the seller's form covers, and whether the home has a storm shelter or safe room.
AXEN Realty in Oklahoma
Every AXEN agent in Oklahoma works under a licensed managing broker: Monica Burke (AXEN Realty, LLC, firm license 212083). See every state on the state brokers page.
Buying? Start with the home buying guide and get pre-approved.
Selling? Read the home selling guide and get your home value.
Moving here? Read buying in a new state.
Oklahoma real estate questions
Is there a transfer tax in Oklahoma?
Yes. Oklahoma charges a documentary stamp tax of $0.75 for every $500 of the price when the deed is recorded.
Does an Oklahoma seller have to tell me about problems?
If the seller uses a real estate agent, or you ask in writing, they must give you the state disclosure form. A seller who never lived in the home and knows of no problems can give a disclaimer instead.
Do I get the mineral rights when I buy a home in Oklahoma?
Often you don't. The oil and gas rights are frequently owned by someone else. Check the deed, and ask the title company.
Does it cost anything to talk to an AXEN agent in Oklahoma?
No. Talking with an AXEN agent about buying or selling in Oklahoma is free.