Buying or selling a home in Muskogee? Leslie Scott Realty, LLC can help.
Purchasing a home is an intimidating event for a lot of people. However, with a little planning ahead of time, it isn't that complicated.
I like to furnish buyers with a road map of the whole deal so they know exactly what they can expect.
These are my nine steps to buying a home.
When you're ready to get started, just contact me here or e-mail me at . I'm glad to answer questions you have regarding this information.
Step 1 – Prepare to buy a home
There are a lot of things you should consider before you look for a home.
When you begin your search, you'll want to create a check list of must-haves, plan for what school districts and neighborhoods you want to live in, and begin working on your budget.
A good principle to go by is that your mortgage payment should be no more than a third of your monthly income.
Step 2 – Talk to a real estate agent
This is where Leslie Scott Realty, LLC comes in.
We'll schedule a time to meet so we can talk about your real estate needs and get an idea of your plans for the future.
We'll talk about neighborhoods, schools in the Muskogee area, the mortgage and housing industries, and any other economic factors that could affect your buying decision today or in the future.
I'll also assist you with getting started on your loan.
I partner with some of Muskogee's best mortgage professionals, so you'll be in great hands.
They will help you choose which kind of loan is best for you, as well as help you get approved.
Step 3 – Start your home search
After our first meeting, I'll start looking for homes on the market that are a good fit for you.
I'll preview many of the houses and ignore the duds, and then we'll schedule appointments to tour the homes whenever it's most convenient for you.
As we tour homes, I'll show you the good features, as well as negative ones. I'll even ask you what things you like and dislike.
It's widely common for buyers to update their wish list as we tour houses and some features become far more substantial than others.
If that's the situation, I'll go back through all the listings again and trim it down to the home you've been waiting for.
Step 4 – Comprehend the market
An agent's awareness of the Muskogee housing market is a fundamental element in your home search. And I assure you I'm informed of all the school districts and neighborhoods, and I'll communicate certain areas are "hot" and demand immediate action and others that are "cold" and allow for careful analysis.
As we tour homes, I'll make sure to communicate if the seller's asking price has room for bargaining or if I believe the house is "priced to sell."
When working with an agent, be mindful and be sure to ask plenty of questions. Every real estate agent will claim to understand the market.
If it seems like they don't know everything, call me at (918)348-9250 or e-mail me at , and I'd be more than happy to answer any questions you may have. My understanding of the market will keep you a step ahead throughout the entire deal.
Step 5 – Find the home you've been waiting for
We'll find your dream house in Muskogee, and when that happens, I'll carefully create your purchase offer. The offer will be tailored keeping your needs in mind and the home, including many contingencies, such as acquiring financing, finishing the inspection, and a clear title.
When submitting your offer, you'll probably need to present "earnest money." This is a cash deposit submitted to the seller to secure the offer to purchase the property and is most often put towards the closing costs. If your offer is accepted by the seller, we should close on the home within 30 to 60 days afterward. This allows necessary time for your mortgage financing.
Step 6 – Negotiate
Most deals aren't closed on the initial offer, and it's widely common to receive a counter offer. But don't let this intimidate you. We'll consider whether or not to accept the counter offer, present our own counter offer, or decline the seller's offer and move on.
Market circumstances will play a large role in how aggressively we negotiate the deal.
We'll also work within your financing budget. And at the end of the day, we'll create a contract that is best for you.
Step 7 – Secure your loan
After we sign the final contract, you'll begin working with your lender to close the loan.
If you're already pre-approved, this shouldn't take long at all, but you'll want to keep in close contact with your mortgage lender.
And I'll deal with all the property information your lender will need to close the loan.
Step 8 – Close the deal
Your mortgage lender will supply you with a Loan Estimate (LE) of closing costs within three days of taking your loan application. You'll get a Loan Estimate (LE) of closing costs from your lender within three days of accepting your application.
The estimate is based on the loan amount. RESPA requirements dictate that it has to involve all closing costs and fall within a narrow range of accuracy, and I'll study the estimate and let you know if it all looks permissible.
Then we'll close on your house. This will probably happen at a title company or escrow office and will likely be a smooth and comfortable occasion.
Step 9 – Move in
Congratulations! It's time to move into your new house. Enjoy it. And if you need anything, make sure you contact me at (918)348-9250 or e-mail me at .