Are you looking to purchase your new home in Muskogee? Leslie Scott Realty, LLC can help.
Buying a home intimidates a lot of people. However, with a bit of up-front planning, it isn't all that difficult.
I like to furnish buyers with a road map of the entire deal so they know exactly what they can expect.
These are my nine steps to purchasing a home.
Should you have questions regarding any of this information or if you're ready to get started, you can contact me here or e-mail me at .
Step 1 – Prepare to buy a home
There are a lot of things you'll want to consider before you search for a home.
It's likely that you'll want to create a check list of items you need to have, get a feel for what school districts you want to live in, and begin working on your budget.
A good rule to adhere to is that your mortgage payment should be less than or close to a third of your net monthly income.
Step 2 – Communicate with a real estate agent in Muskogee
This is where I come in.
I'd love to schedule a time to get together with you and communicate with you about your real estate needs and get an idea of your upcoming plans.
We'll talk about the mortgage and housing industries, other economic factors that might affect your buying decision today or in the future, as well as neighborhoods and schools in the Muskogee area.
I'll also help you begin the loan process.
I partner with some of Muskogee's finest mortgage professionals, so you're in great hands.
They can assist you with figuring out which kind of loan is best for you and help you get qualified.
Step 3 – Begin looking for a house
Following our initial meeting, I'll begin finding houses on the market that best suit you.
I'll research most of the houses and throw out the bad ones, and then we'll schedule appointments to tour the homes when it's most convenient for you.
As we view homes, I'll call attention to good features, as well as bad ones. I'll even ask you to talk about things you like and don't like.
It's common for buyers to amend their wish list as we tour houses and some things become more necessary than others.
If that happens, I'll look through all the listings once more and trim it down to the home you've been wishing for.
Step 4 – Understand the housing market
An agent's knowledge of the Muskogee market is a leading factor in your home search. And I can assure you I'm informed of all the neighborhoods and school districts, and I can alert you to certain neighborhoods are "hot" and call for prompt action and others that are "cool" and allow for more consideration.
As we tour homes, I'll let you know when the asking price has room for bargaining and also when I trust the home is "priced to sell."
Be mindful and be sure to ask lots of questions, as any REALTOR in Muskogee will tell you they understand the market.
If it appears they don't know everything, just call me at (918)348-9250 or e-mail me at , and I'd be more than happy to answer any questions you may have. My market knowledge will keep you a step ahead through the entire deal.
Step 5 – Find the house you've been looking for
We'll find the house of your dreams in Muskogee, and when we do, I'll carefully develop your purchase offer. The offer will be made to suit your needs and the home. We'll include many contingencies, such as getting financing, finishing the home inspection, and a clear title.
Upon submitting your offer, you'll want to present "earnest money." This is a cash deposit made to the home seller to secure the offer to purchase the property, and it's usually put towards the closing costs. If the offer is accepted, we should close on the home about 30 to 60 days after. This allows plenty of time for your mortgage financing.
Step 6 – Negotiate
A lot of contracts aren't closed on the initial offer. It's extremely common to receive a counter offer. But don't let this alarm you. We'll talk over whether or not to accept the counter offer, present our own counter offer, or decline the seller's offer and move on.
Market conditions determine how aggressively we negotiate the contract.
We'll also work within your financing budget. And when it's all said and done, we'll assemble a contract that works well for you.
Step 7 – Obtain your loan
After we sign the final sales contract, you'll begin working with your lender to close the loan.
It won't take very long at all if you're pre-approved, but you'll want to stay in close contact with your lender.
And I'll look after all the property information your lender will need to close the loan.
Step 8 – Close the deal
You'll get a Loan Estimate (LE) of your closing costs from your mortgage lender within three days of receiving your application.
The estimate is based on the loan amount. RESPA requirements require that it has to contain all closing costs and be within a narrow range of accuracy, and I'll go over the estimate and let you know if it all looks okay.
Then we'll close on your home. This will most often take place at a title company or escrow office and is often a smooth and pleasant occurrence.
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 (918)348-9250 or e-mail me at .