Are you contemplating buying your home in Muskogee? Leslie Scott Realty, LLC can help.
For many people, purchasing a home can be a stressful event. But with some planning ahead of time, it's not too complex.
I like to supply buyers with an overview of the entire deal so they'll understand exactly what they can expect.
Below are my nine steps to purchasing a home.
When you're ready to get started, simply contact me here or e-mail me at . I'm happy to answer questions you have regarding this information.
Step 1 – Prepare to purchase
There are many things you need to take into account before you search for a home.
When you start your search, you'll probably want to put together a check list of items you need to have, get a plan of what school districts and neighborhoods you want to live in, and start planning around your budget.
Keeping your mortgage payment around 30 percent of your net monthly income is a good rule of thumb to go by.
Step 2 – Speak with a real estate agent in Muskogee
This is where I can help.
I'd like to plan a time to get together with you and talk about why you want to buy a home and get an idea of your upcoming plans.
We'll discuss everything from neighborhoods, schools in the Muskogee area, the mortgage and housing industries, to any other economic factors that may potentially affect your purchase today or in the future.
I can also assist you in getting started on your loan.
There are some excellent mortgage professionals in Muskogee, and I work with a lot of them, so you'll be in great hands.
They can help you decide which kind of loan is best for you, as well as help you get qualified.
Step 3 – Begin house-hunting
After our initial meeting, I'll begin looking for houses on the market that are great for you.
I'll get a sneak peek of most of the homes and ignore the duds, and then we'll schedule appointments to tour the houses whenever it's most convenient for you.
As we view the houses, I'll call attention to positive features and negative ones. I'll even ask you what things you like and dislike.
It's pretty common for buyers to update their list of must-haves as we tour houses and some items become more crucial than others.
If that happens, I'll search the listings another time and trim it down to the house of your dreams.
Step 4 – Understand the housing market
Your agent's knowledge of the Muskogee home market is an essential element in your home search. And I can assure you I'm mindful of all the schools and neighborhoods, and I'll alert you to which neighborhoods are "hot" and call for immediate action and others that are "cold" and allow for thoughtful examination.
When we tour houses, I'll let you know when the asking price has room for bargaining and when I trust the house is "priced to sell."
When working with an agent, be careful and be sure to ask plenty of questions, as every real estate agent will claim to comprehend the housing market.
If it doesn't seem like they know everything, contact me at (918)348-9250 or e-mail me at , and I'd be more than happy to answer your questions. My understanding of the market will help you stay a step above the rest throughout the entire process.
Step 5 – Find the house you've been waiting for
We'll find the home of your dreams in Muskogee, and when that happens, I'll precisely create your real estate purchase offer. The offer will be tailored to suit your needs and the home, including some contingencies. A few examples are getting financing, completing the inspection, and a clear title.
When we turn in your offer, you'll likely want to present "earnest money." This is a cash deposit made to the home seller to secure an offer to buy the property, and it's usually put towards the cost of closing. If the seller accepts your offer, we should close within 30 to 60 days afterward. This allows plenty of time for your mortgage financing.
Step 6 – Negotiate the deal
A lot of contracts aren't closed on the first offer, and it's really common to receive a counter offer. Don't let it intimidate you. We'll talk about whether or not to take the counter offer, present our own counter offer, or decline the seller's offer and move on.
Market circumstances will play a role in how aggressively we negotiate the contract.
We'll also work within your budget. And when it's all said and done, we'll compose a contract that works well for you.
Step 7 – Secure a loan
Upon completion of the deal, you'll start working with your lender to close the loan.
If you're pre-approved, this won't take long at all, but you should to stay in close contact with your mortgage lender.
And I'll handle all the property information your mortgage lender will need to close the loan.
Step 8 – Close the deal
You'll get a Loan Estimate (LE) outlining closing costs from your mortgage lender within three days of accepting your application.
The estimate is based on the loan amount, and RESPA requirements order that it has to contain all closing costs and fall within a close range of accuracy. I'll review the estimate and let you know if it all looks permissible.
Then we'll close on your home. This should happen at a title company or escrow office and will most likely be a smooth and comfortable occasion.
Step 9 – Move in
Congratulations! Now you can move into your new house. Enjoy it. And if you have any questions, simply call me at (918)348-9250 or e-mail me at .