Purchasing your new home in Muskogee with Leslie Scott Realty, LLC
For many people, purchasing a home is a stressful event. However, with a little up-front planning, it isn't all that complex.
So they know exactly what to expect, I'll furnish buyers with an overview of the entire deal.
These 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 address questions you have about this information.
Step 1 – Prepare to purchase
Before you start your home search, there are a lot of things you should consider.
When you begin your search, you'll want to create an outline of features you want, get a plan of what school districts you'd like to live in, and begin planning your budget.
Keeping your mortgage payment less than or close to a third of your monthly income is a good rule of thumb to go by.
Step 2 – Connect with a real estate agent
This is where I come in.
I'd be happy to arrange a time to get together with you and speak with you about your real estate needs and get an idea of your future plans.
We'll discuss everything from neighborhoods, school districts in the Muskogee area, the mortgage and housing industries, to any other economic factors that could potentially affect your buying decision today or in the future.
I'll also assist you in getting started on your loan.
I work with some of the best mortgage professionals in Muskogee, so you can rest assured that you're in great hands.
They can assist you with deciding which type of loan is best for you and help you get qualified.
Step 3 – Start house-hunting
Following our first meeting, I'll start looking for available homes on the market that are a good fit for you.
I'll research many of the homes and reject the bad ones, and then we'll book appointments to view the houses at a time that's convenient for you.
As we view houses, I'll call attention to positive features and bad ones. I'll also ask you to talk about things you like and don't like.
Usually, buyers amend their list of must-haves as we view houses and some features become far more crucial than others.
If such is the case, I'll search all the listings again and trim it down to the home you've been dreaming about.
Step 4 – Understand the housing market
My awareness of the Muskogee market is a crucial component in your house search. I'm conscious of all the neighborhoods and school districts, and I'll alert you to which neighborhoods are "hot" and call for prompt action and the ones that are "cold" and allow for careful examination.
When we view houses, I'll make sure to communicate if the asking price has room for negotiation or if I believe the home is "priced to sell."
Any REALTOR will convince you they know the housing market, but take note, and make sure you ask your agent a lot of questions.
If it doesn't seem like they know everything, contact me at (918)348-9250 or e-mail me at , and I'd be happy to answer any questions you have. My market expertise will keep you a step ahead throughout the entire process.
Step 5 – Find the home you've been waiting for
We'll find your dream house in Muskogee, and when we do, I'll meticulously create your home purchase offer. The offer will be made to fit your needs and the home. We'll include many contingencies, such as obtaining financing, completing the inspection, and a clean title.
When sending in your offer, you'll need to submit "earnest money." This is a cash deposit submitted to the home seller to secure the offer to purchase the property. The amount is usually put towards the closing costs. If the offer is accepted by the seller, we should close within 30 to 60 days after. This allows sufficient time for your mortgage financing.
Step 6 – Negotiate the deal
A lot of contracts don't close on the first offer. It's extremely common to receive a counter offer. But don't let it alarm you. We'll talk about whether or not to accept the counter offer, present our own counter offer, or decline the seller's offer and go on.
Market conditions determine how aggressively we negotiate the deal.
We'll also work within your budget. And at the end of the day, we'll compose a deal that works well for you.
Step 7 – Obtain your loan
After we sign the final contract, you'll begin working with your lender to close the loan.
If you've been pre-approved, this won't take very long at all. But you should to keep in close contact with your mortgage lender.
And I'll look after all the property information your mortgage lender needs to close the loan.
Step 8 – Close the deal
You'll get a Loan Estimate (LE) of closing costs from your lender within three days of accepting your application.
The estimate is formed from the loan amount, and RESPA requirements dictate that it has to contain all closing costs and be within a tight range of accuracy. I'll analyze the estimate and let you know if everything looks permissible.
Then it's time to close on your home. This will most often happen at a title company or escrow office and should be a smooth and hassle-free event.
Step 9 – Move in
Congratulations! It's time to move into your new house. Enjoy it. And if you need anything or have any questions, just call me at (918)348-9250 or e-mail me at .