Buying or selling a home? Leslie Scott Realty, LLC can help.
With a little planning ahead of time, purchasing a home isn't that difficult, but the event intimidates many people.
So they know exactly what to expect, I like to furnish buyers with an overview of the whole deal.
These are my nine steps to purchasing a home.
Should you have any questions regarding this information or if you're ready to get started, simply contact me here or e-mail me at .
Step 1 – Prepare to buy
There are many things you'll want to do before you search for a home.
It's likely that you'll want to assemble a checklist of must-haves, get a feeling for what neighborhoods you want to live in, and start planning around your budget.
Ensuring your mortgage payment is around 1/3 of your monthly income is a good principle to follow.
Step 2 – Contact a real estate agent
That's where I can help.
We'll book a time to get together so we can talk about your real estate needs and get an idea of your upcoming plans.
We'll talk about neighborhoods, school districts in the Muskogee area, the mortgage industry, and any other economic factors that might affect your buying decision today or in the future.
I can also help you start the loan process.
I partner with some of the finest mortgage professionals in Muskogee, so you're in great hands.
They will assist you with choosing which type of loan is best for you and help you get approved.
Step 3 – Start looking
After we meet, I'll start searching for available homes on the market that meet your needs.
I'll preview many of the houses and reject the bad ones, and then we'll schedule appointments to view the houses whenever it's convenient for you.
When we tour the houses, I'll point out good features and bad ones. I'll even ask you to talk about things you like and dislike.
It's widely common for buyers to amend their wish list as we view homes and some features become far more crucial than others.
If that happens, I'll go back through the listings another time and trim it down to the home you've been waiting for.
Step 4 – Understand the market
My knowledge of the Muskogee market is a fundamental component in your home search. I'm mindful of all the schools and neighborhoods, and I'll alert you to some districts are "hot" and require prompt action and the ones that are "cold" and allow for thoughtful examination.
As we tour houses, I'll make sure to communicate when the seller's asking price has room for negotiation and also when I believe the home is "priced to sell."
Be mindful and be sure to ask plenty of questions, as every real estate agent will claim to comprehend the home market.
If it seems like they don't know everything, just call me at (918)348-9250 or e-mail me at , and I'd be happy to answer any questions you may have. My knowledge of the market will keep you a step above the rest throughout the entire deal.
Step 5 – Find your dream house
We'll find the home of your dreams in Muskogee, and when that happens, I'll meticulously develop your purchase offer. The offer will be made to suit your needs and the home. We'll include several contingencies, such as obtaining financing, finishing the 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 made to a seller to secure the offer to buy the property and is typically applied to the cost of closing. If the offer is accepted, we should close on the property within 30 to 60 days afterward. This allows sufficient time for your mortgage financing.
Step 6 – Negotiate the deal
Unfortunately most deals aren't closed on the initial offer. It's very common to receive a counter offer. Don't let this intimidate you. We'll figure out whether or not to take the counter offer, propose our own counter offer, or decline the seller's offer and go on.
How aggressively we negotiate the deal depends on market conditions.
In addition, we'll work within your financing constraints. And when it's all said and done, we'll put together a contract that's best for you.
Step 7 – Secure financing
Once we sign the final sales contract, you'll begin working with your mortgage lender to close the loan.
If you're already pre-approved, it shouldn't be a long process at all, but you'll need 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
Your mortgage lender will furnish you with a Loan Estimate (LE) of closing costs within three days of taking your application. You'll get a Loan Estimate (LE) detailing your closing costs from your mortgage lender within three days of accepting your application.
This estimate depends on the loan amount. RESPA requirements require that it has to include all closing costs and be within a precise range of accuracy, and I'll examine the estimate and let you know if it all looks good.
Then it's time to close on your home. This should happen at a title company or escrow office and will most likely be a smooth and easygoing affair.
Step 9 – Move in
Congratulations! It's time to move into your new home. Enjoy it. And if you have any questions, simply contact me at (918)348-9250 or e-mail me at .