Buying or selling a home? Leslie Scott Realty, LLC can help.
Purchasing a home is intimidating for a lot of people. However, with a bit of up-front planning, it isn't too confusing.
So they understand exactly what they can expect, I will supply buyers with a road map of the whole deal.
Here are my nine steps to purchasing a home.
Should you have questions regarding this information or if you're ready to get started, just contact me here or e-mail me at .
Step 1 – Get ready to buy a home
There are many things you should consider before commencing your home search.
When you begin your search, you'll want to assemble a checklist of features you need to have, get a plan of what neighborhoods and school districts you'd like to live in, and start working on your budget.
Keeping your mortgage payment less than or close to 30 percent of your monthly income is a good rule to follow.
Step 2 – Talk to a real estate agent in Muskogee
That's where I can help.
We can set up a time to meet so we can talk about your real estate needs and get an idea of your upcoming plans.
We'll discuss the mortgage industry, other economic factors that may potentially affect your buying decision today or in the future, as well as neighborhoods and schools in the Muskogee area.
In addition, I'll help you get started on your loan.
There are some great mortgage professionals in Muskogee, and I work with a lot of them, so you'll be 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 your home search
After we meet for the first time, I'll start finding available homes on the market that best suit you.
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 convenient for you.
When we tour houses, I'll point out good features and negative ones. I'll also ask you what things you like and don't like.
It's common for buyers to update their must-have list as we view homes and some features become more essential than others.
If that's the case, I'll go back through the listings again and trim it down to the home you've been wishing for.
Step 4 – Comprehend the housing market
Your agent's knowledge of the Muskogee market is a leading agent in your home search. And I can assure you I'm familiar with all the neighborhoods and schools, and I'll alert you to which areas are "hot" and require immediate action and some that are "cold" and allow for careful consideration.
As we view houses, I'll make sure to communicate if the asking price has room for bargaining or if I believe the home is "priced to sell."
Be mindful and be sure to ask your agent lots of questions, as every real estate agent in Muskogee will claim to know the home market.
If things don't add up, just call me at 9183489250 or e-mail me at , and I'll be happy to answer any questions you might have. My market knowledge will help you stay a step above the rest through the entire deal.
Step 5 – Find the house you've been waiting for
I know we'll find the home of your dreams in Muskogee. When we do, I'll meticulously develop your real estate purchase offer. The offer will be made to fit your needs and the home. We'll include several contingencies, such as acquiring financing, completing the inspection, and a clear title.
Upon submitting your purchase offer, you'll likely need to submit "earnest money." This is a cash deposit submitted to a home seller to secure an offer to purchase the property, and it's typically 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 enough time for your mortgage financing.
Step 6 – Negotiate the deal
A lot of deals aren't closed on the first offer. It's widely common to receive a counter offer. But don't let it intimidate you. We'll discuss whether or not to agree to the counter offer, submit our own counter offer, or reject the seller's offer and move on.
Market circumstances will play a role in how aggressively we negotiate the deal.
We'll also work within your financing constraints. And when it's all said and done, we'll formulate a deal that's best for you.
Step 7 – Secure financing
Once the deal is complete, you'll start working with your mortgage lender to close the loan.
If you've been pre-approved, it won't take long at all. But you need to stay in close contact with your mortgage lender.
And I'll handle all the property information your lender needs to close the loan.
Step 8 – Close the deal
Your lender will supply you with a Loan Estimate (LE) outlining closing costs within three days of receiving your application. You'll get a Loan Estimate (LE) detailing closing costs from your lender within three days of receiving your loan application.
This estimate is formed from the loan amount. RESPA requirements dictate that it has to include all closing costs and fall within a strict range of accuracy, and I'll review the estimate and let you know if everything looks all right.
Then we'll close on your home. This will most likely happen at a title company or escrow office and is often a smooth and calm occasion.
Step 9 – Move in
Congratulations! Now you can move into your new house. Enjoy it. And if you have any questions, make sure you contact me at 9183489250 or e-mail me at .