Are you purchasing a new home in South Central Oklahoma?
Purchasing a home is stressful for most people, but with a bit of planning ahead of time, it's not all that complicated.
So they'll understand exactly what they can expect, I will give buyers a road map of the entire deal.
Below are my nine steps to buying a home.
If you have any questions about this information or if you're prepared to get started, just contact me here or e-mail me at .
Step 1 – Get ready to buy
Prior to starting your home search, there are several things you'll want to do.
When you start your search, you'll probably want to assemble a list of must-have features, get a feel for what school districts you want to live in, and start planning your budget.
Keeping your mortgage payment around a third of your net monthly income is a good guideline to follow.
Step 2 – Talk to a real estate agent in South Central Oklahoma
This is where I come in.
I'd be more than happy to arrange a time to get together with you and speak with you about your real estate needs and get an idea of your upcoming plans.
We'll talk about everything from neighborhoods, schools in the South Central Oklahoma area, the mortgage and housing industries, to any other economic factors that could potentially affect your purchase today or in the future.
I'll also help you start the loan process.
I work with some of South Central Oklahoma's finest mortgage professionals, so you're in great hands.
They can help you choose which kind of loan is best for you, as well as help you get approved.
Step 3 – Start looking for a house
Following our first meeting, I'll start searching for homes on the market that meet your needs.
I'll preview most of the homes and reject the bad ones, and then we'll schedule appointments to tour the homes whenever it's most convenient for you.
As we tour the houses, I'll point out positive features, as well as negative ones. I'll also ask you to tell us about things you like and dislike.
It's common for buyers to change their must-have list as we view houses and some features become more crucial than others.
If that's the case, I'll look through the listings once more and trim it down to the home of your dreams.
Step 4 – Comprehend the market
My knowledge of the South Central Oklahoma housing market is a leading element in your house search. I am informed of all the school districts and neighborhoods, and I will alert you to certain districts are "hot" and require prompt action and some that are "cool" and allow for careful consideration.
As we view houses, I'll be sure to tell you if the asking price has room for negotiation or if I believe the house is "priced to sell."
Every REALTOR in South Central Oklahoma will convince you they understand the housing market, but take notice, and make sure you ask your agent lots of questions.
If it appears they don't know everything, call me at 4052382383 or e-mail me at , and I'll be happy to answer any questions you may have. My market expertise will help you stay a step ahead through the entire process.
Step 5 – Find the home you've been waiting for
I'm positive we'll find the house of your dreams in South Central Oklahoma. When that happens, I'll precisely create your real estate purchase offer. The offer will be made to fit your needs and the home. We'll include many contingencies, such as acquiring financing, completing the home inspection, and a clear title.
When sending in your purchase offer, most likely you'll need to present "earnest money." This is a cash deposit submitted to the seller to secure an offer to buy the property. The amount is usually applied to the closing costs. If the offer is accepted, we should close on the home about 30 to 60 days afterward. This allows plenty of time for your mortgage financing.
Step 6 – Negotiate
A lot of deals don't close on the first offer – it's very common to receive a counter offer. Don't let it alarm you. We'll discuss whether or not to accept the counter offer, present our own counter offer, or decline the seller's offer and move on.
The state of the market determines how aggressively we negotiate the deal.
In addition, we'll work within your financing constraints. And when it's all said and done, we'll compose a deal that is best for you.
Step 7 – Get your loan
Upon finishing the contract, you'll begin working with your lender to close the loan.
If you've been pre-qualified, this won't be a long process at all, but you'll want to stay in close contact with your mortgage lender.
And I'll manage all the property information your lender needs to close the loan.
Step 8 – Close the deal
You'll get a Loan Estimate (LE) detailing closing costs from your lender within three days of accepting your loan application.
This estimate rests on the loan amount, and RESPA requirements require that it has to involve all closing costs and be within a close range of accuracy. I'll go over the estimate and let you know if everything looks adequate.
Then we'll close on your home. This will probably happen at a title company or escrow office and should be a smooth and hassle-free event.
Step 9 – Move in
Congratulations! It's time to move into your new home. Enjoy it. And if you need anything, make sure you call me at 4052382383 or e-mail me at .