Contemplating buying your home in Muskogee?
With some up-front planning, buying a home isn't that complex, but the event is stressful for a lot of people.
I like to furnish buyers with a road map of the whole deal so they know exactly what they can expect.
Below are my nine steps to purchasing a home.
Should you have any questions about 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 purchase a home
There are plenty of things you should contemplate before you start searching for a home.
You'll want to make a list of items you need, plan for what neighborhoods you'd like to live in, and start planning around your budget.
Ensuring your mortgage payment is less than or close to 30 percent of your net monthly income is a good guideline to follow.
Step 2 – Get in touch with a real estate agent
This is where Leslie Scott Realty, LLC can help.
I'd like to schedule a time to meet with you and talk about why you want to buy a home and get an idea of your future 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'll also assist you with getting started on your loan.
There are some excellent mortgage professionals in Muskogee, and I work with a lot of them, so you're in great hands.
They'll help you choose which type of loan is best for you, as well as help you get qualified.
Step 3 – Start house-hunting
After we meet for the first time, I'll start looking for available houses on the market that suit your needs.
I'll get a sneak peek of most of the homes and eliminate the bad ones, and then we'll set up appointments to view the homes when it's most convenient for you.
As we view the homes, I'll identify positive features and negative ones. I'll also ask you to tell us about things you like and dislike.
It's pretty common for buyers to revise their list of must-haves as we view homes and some items become far more essential than others.
If that happens, I'll go back through all the listings again and narrow it down to the house of your dreams.
Step 4 – Comprehend the market
My awareness of the Muskogee home market is a leading element in your house search. I'm mindful of all the school districts and neighborhoods, and I can communicate certain areas are "hot" and demand immediate action and others that are "cold" and allow for careful consideration.
When we tour homes, I'll let you know when the seller's list price has room for negotiation and also when I think the home is "priced to sell."
Any real estate agent will claim to understand the housing market, but take notice, and make sure you ask a lot of questions.
If things don't add up, just call me at (918)348-9250 or e-mail me at , and I'll be happy to answer your questions. My understanding of the market will keep you a step above the rest through the entire process.
Step 5 – Find the home you've been waiting for
We'll find your dream house in Muskogee, and when that happens, I'll meticulously create your purchase offer. The offer will be made to fit your needs and the home. We'll include several contingencies, such as getting financing, finishing the inspection, and a clear title.
Upon sending in your offer, you'll likely need to submit "earnest money." This is a cash deposit made to the home seller to secure the offer to buy the property, and it's often applied to the closing costs. If your offer is accepted by the seller, we should close on the property within 30 to 60 days afterward. This allows plenty of time for your mortgage financing.
Step 6 – Negotiate the deal
A lot of deals don't close on the initial offer – it's very common to receive a counter offer. Don't let it intimidate you. We'll talk about whether or not to accept the counter offer, submit our own counter offer, or refuse the seller's offer and move on.
Market conditions determine how aggressively we negotiate the contract.
In addition, we'll work within your budget. And at the end of the day, we'll put together a deal that works well for you.
Step 7 – Obtain a loan
Upon finalizing the deal, you'll begin working with your mortgage lender to close the loan.
If you're pre-approved, it shouldn't be a long process at all, but you need to keep in close contact with your lender.
And I'll handle all the property information your mortgage lender needs to close the loan.
Step 8 – Close the deal
Your mortgage lender will give you a Loan Estimate (LE) detailing your closing costs within three days of accepting your loan application. You'll get a Loan Estimate (LE) outlining closing costs from your lender within three days of taking your loan application.
This estimate rests 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 analyze the estimate and let you know if it all looks okay.
Then we'll close on your house. This will most likely occur at a title company or escrow office and should be a smooth and peaceful event.
Step 9 – Move in
Congratulations! Now you can move into your new home. Enjoy it. And if you have any questions, simply call me at (918)348-9250 or e-mail me at .