Buying or selling a home in Muskogee?
Purchasing a home is an intimidating event for most people, but with a little up-front planning, it isn't too confusing.
So they understand exactly what to expect, I like to supply buyers with an outline of the entire deal.
Here are my nine steps to buying a home.
If you have questions regarding any of 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 a home
There are plenty of things you'll want to do prior to starting your home search.
You'll want to make a check list of items you want to have, get a plan of what neighborhoods you'd like to live in, and begin planning around your budget.
Ensuring your mortgage payment is around 1/3 of your monthly income is a good principle to follow.
Step 2 – Speak with a real estate agent
This is where I come in.
I'd love to set up a time to meet with you and communicate with you about your real estate needs and get an idea of your future plans.
We'll talk about everything from neighborhoods, schools in the Muskogee area, the mortgage industry, to any other economic factors that may affect your buying decision today or in the future.
In addition, I'll help you start the loan process.
Leslie Scott Realty, LLC partners with some of the best mortgage professionals in Muskogee, so you can rest assured that you're in great hands.
They'll assist you with deciding which kind of loan is best for you and help you get qualified.
Step 3 – Start looking for a home
After we meet, I'll begin looking for available homes on the market that are good for you.
I'll preview most of the homes and eliminate the duds, and then we'll book appointments to tour the houses at a time that's convenient for you.
As we view the homes, I'll point out positive features, as well as bad ones. And I'll ask you to talk about things you like and don't like.
It's common for buyers to revise their list of must-haves as we view homes and some things become more substantial than others.
If that's the situation, I'll go back through the listings one more time and narrow it down to the house of your dreams.
Step 4 – Get a grasp of the market
Your agent's awareness of the Muskogee market is a necessary aspect in your house search. And I assure you I'm familiar with all the schools and neighborhoods, and I can communicate certain districts are "hot" and call for immediate action and some that are "cold" and allow for thoughtful analysis.
As we tour houses, I'll be sure to tell you if the seller's asking price has room for negotiation 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 in Muskogee will tell you they know the housing market.
If things don't add up, contact me at (918)348-9250 or e-mail me at , and I'll be happy to answer any questions you may have. My understanding of the market will help you stay a step above the rest throughout the entire process.
Step 5 – Find the house you've been looking for
I'm confident we'll find your dream house in the Muskogee area. When we do, I'll meticulously develop your purchase offer. The offer will be made to suit your needs and the home. We'll include some contingencies, such as getting financing, carrying out the inspection, and a clean title.
When sending in your offer, you'll want to submit "earnest money." This is a cash deposit submitted to a home seller to secure the offer to buy the property, and it's typically put towards the closing costs. If the seller accepts your offer, we should close on the home about 30 to 60 days afterward. This allows sufficient time for your mortgage financing.
Step 6 – Negotiate the deal
A lot of contracts aren't closed on the first offer. It's very common to receive a counter offer. But don't let this alarm you. We'll talk about whether or not to accept the counter offer, propose our own counter offer, or refuse the seller's offer and move on.
Market circumstances will play a large role in how aggressively we negotiate the contract.
We'll also work within your financing budget. And when it's all said and done, we'll formulate a contract that's best for you.
Step 7 – Obtain your loan
Once the deal is complete, you'll start working with your mortgage lender to close the loan.
It shouldn't be a long process at all if you've been pre-qualified, but you'll want to stay in close contact with your lender.
And I'll look after all the property information your lender needs to close the loan.
Step 8 – Close the deal
You'll get a Loan Estimate (LE) detailing your closing costs from your lender within three days of receiving your loan application.
This estimate is formed from the loan amount. RESPA requirements order that it has to contain all closing costs and be within a close range of accuracy, and I'll review the estimate and let you know if it all looks permissible.
Then it's time to close on your house. This should take place at a title company or escrow office and will probably be a smooth and comfortable occurrence.
Step 9 – Move in
Congratulations! Now you can move into your new house. Enjoy it. And if you need anything, be sure to contact me at (918)348-9250 or e-mail me at .