Are you contemplating purchasing your home in Muskogee? Leslie Scott Realty, LLC can help.
For many people, buying a home can be an intimidating event. However, with a bit of up-front planning, it isn't too confusing.
So they'll know exactly what they can expect, I'll provide buyers with an outline of the whole deal.
Here are my nine steps to buying a home.
When you're ready to get started, simply contact me here or e-mail me at . I'm happy to answer any questions you have regarding this information.
Step 1 – Prepare to buy
There are plenty of things you need to consider before you look for a home.
When you start your search, you'll want to make a check list of items you want to have, get an idea of what neighborhoods and school districts you'd like to live in, and start planning around your budget.
A good principle to go by is that your mortgage payment should be less than or close to 1/3 of your monthly income.
Step 2 – Connect with a real estate agent in Muskogee
That's where I can help.
We can schedule a time to get together so we can talk about your real estate needs and get an idea of your plans for the future.
We'll discuss everything from neighborhoods, schools in the Muskogee area, the mortgage industry, to any other economic factors that may potentially affect your purchase today or in the future.
I can also help you facilitate the loan process.
There are some great mortgage professionals in Muskogee, and I partner with a lot of them, so you're in great hands.
They can help you figure out which type of loan is best for you, as well as help you get qualified.
Step 3 – Begin looking for a house
Following our first meeting, I'll begin searching for houses on the market that best suit you.
I'll get a sneak peek of most of the homes and exclude the duds, and then we'll schedule appointments to tour the houses when it's most convenient for you.
As we tour the houses, I'll identify good features and bad ones. I'll also ask you what things you like and dislike.
As a rule, buyers change their wish list as we tour homes and some features become far more important than others.
If that's the situation, I'll search all the listings once more and narrow it down to the house you've been dreaming about.
Step 4 – Know the housing market
My awareness of the Muskogee home market is a fundamental component in your house search. I am informed of all the schools and neighborhoods, and I'll alert you to some neighborhoods are "hot" and warrant prompt action and some that are "cold" and allow for thoughtful consideration.
When we tour homes, I'll be sure to tell you when the seller's list price has room for negotiation and when I think the home is "priced to sell."
When working with an agent, be mindful and make sure you ask lots of questions, as every REALTOR in Muskogee will convince you they comprehend the market.
If things don't add up, call me at (918)348-9250 or e-mail me at , and I'll be happy to answer any questions you have. My knowledge of the market will keep you a step ahead throughout the entire deal.
Step 5 – Find your dream house
We'll find the house of your dreams in Muskogee, and when we do, I'll carefully develop your real estate purchase offer. The offer will be tailored keeping your needs in mind and the home, including a lot of contingencies, such as obtaining financing, finishing the home inspection, and a clean title.
When sending in your offer, you'll need to present "earnest money." This is a cash deposit submitted to the seller to secure an offer to buy the property and is often put towards the cost of closing. If the offer is accepted, we should close on the property within 30 to 60 days afterward. This allows necessary time for your mortgage financing.
Step 6 – Negotiate the deal
Most deals aren't closed on the initial offer – it's pretty common to receive a counter offer. Don't let it intimidate you. We'll consider whether or not to accept the counter offer, propose our own counter offer, or reject the seller's offer and go on.
Market conditions will play a large role in how aggressively we negotiate the contract.
In addition, we'll work within your financing budget. And at the end of the day, we'll assemble a contract that's best for you.
Step 7 – Secure financing
After the deal is finalized, you'll begin working with your mortgage lender to close the loan.
If you're pre-approved, it won't take very long at all. But you need to keep in close contact with your lender.
And I'll sort out all the property information your lender will need to close the loan.
Step 8 – Close the deal
Your lender will supply you with a Loan Estimate (LE) outlining your closing costs within three days of getting your loan application. You'll get a Loan Estimate (LE) detailing closing costs from your mortgage lender within three days of receiving your application.
The estimate is based 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 analyze the estimate and let you know if everything looks okay.
Then it's time to close on your house. This will likely 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 or have any questions, just contact me at (918)348-9250 or e-mail me at .