Are you contemplating purchasing a new home in Muskogee? Leslie Scott Realty, LLC can help.
Purchasing a home intimidates many people. However, with a bit of planning ahead of time, it's not that confusing.
I like to supply buyers with an outline of the entire deal so they'll understand exactly what they can expect.
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 answer questions you have regarding this information.
Step 1 – Prepare to purchase
There are a lot of things you'll want to take into account before beginning your home search.
You'll probably want to put together a checklist of items you want, get a feeling for what school districts you'd like to live in, and start planning your budget.
Ensuring your mortgage payment is around 1/3 of your monthly income is a good rule of thumb to follow.
Step 2 – Speak with a real estate agent in Muskogee
This is where Leslie Scott Realty, LLC comes in.
I'd love to schedule a time to meet with you and communicate with you regarding your real estate needs and get an idea of your upcoming plans.
We'll talk about everything from neighborhoods, schools in the Muskogee area, the mortgage and housing industries, to any other economic factors that could potentially affect your purchase today or in the future.
I'll also help you begin the loan process.
There are some very good mortgage professionals in Muskogee, and I partner with a lot of them, so you'll be in great hands.
They will help you figure out which type of loan is best for you, as well as help you get approved.
Step 3 – Begin looking
After our first meeting, I'll start searching for available houses on the market that suit your needs.
I'll get a sneak peek of most of the homes and remove the bad ones, and then we'll set up appointments to view the homes when it's convenient for you.
As we view the homes, I'll identify good features and negative ones. I'll also ask you about things you like and don't like.
It's pretty common for buyers to revise their wish list as we tour homes and some features become far more substantial than others.
If that happens, I'll search all the listings once more and narrow it down to the home you've been wishing for.
Step 4 – Get a grasp of the market
Your agent's understanding of the Muskogee market is an essential agent in your home search. And I assure you I'm informed of all the schools and neighborhoods, and I can communicate certain areas are "hot" and require prompt action and others that are "cool" and allow for careful examination.
When we view homes, I'll make sure to communicate if the list price has room for bargaining or if I believe the house is "priced to sell."
Any real estate agent in Muskogee will convince you they truly understand the home market, but keep an eye out, and be sure to ask your agent lots of questions.
If it appears they don't know everything, contact me at (918)348-9250 or e-mail me at , and I'll be more than happy to answer your questions. My market expertise will keep you a step above the rest through the entire process.
Step 5 – Find the home of your dreams
We'll find your dream house in Muskogee, and when we do, I'll carefully create your purchase offer. The offer will be tailored with your needs in mind and the home, including many contingencies, such as acquiring financing, finishing the inspection, and a clean title.
When submitting your offer, most likely you'll want to submit "earnest money." This is a cash deposit given to a home seller to secure an offer to purchase the property. The amount is usually applied to the cost of closing. If the offer is accepted by the seller, we should close on the home about 30 to 60 days after. This allows sufficient time for your mortgage financing.
Step 6 – Negotiate the deal
Most contracts aren't closed on the beginning offer. It's pretty common to receive a counter offer. But don't let it alarm you. We'll discuss whether or not to consent to the counter offer, submit our own counter offer, or refuse the seller's offer and move on.
The state of the market determines how aggressively we negotiate the contract.
We'll also work within your financing constraints. And at the end of the day, we'll put together a contract that's best for you.
Step 7 – Obtain your loan
Upon signing the deal, you'll start working with your mortgage lender to close the loan.
If you're pre-approved, this shouldn't take very long at all, but you should to stay in close contact with your lender.
And I'll care for all the property information your lender needs to close the loan.
Step 8 – Close the deal
Your mortgage lender will supply you with a Loan Estimate (LE) outlining your closing costs within three days of getting your loan application. You'll get a Loan Estimate (LE) of closing costs from your lender within three days of accepting your application.
The estimate depends on the loan amount, and RESPA requirements order that it has to involve all closing costs and be within a tight range of accuracy. I'll review the estimate and let you know if it all looks okay.
Then we'll close on your house. This will most often occur at a title company or escrow office and will most often be a smooth and relaxed event.
Step 9 – Move in
Congratulations! It's time to move into your new home. Enjoy it. And if you need anything, make sure you call me at (918)348-9250 or e-mail me at .