Buying or selling a home?

With some up-front planning, purchasing a home isn't that complex, but the event can be stressful for a lot of people. So they'll know exactly what they can expect, I like to give buyers a road map of the whole deal. Below are my nine steps to buying a home. If you have any questions about this information or if you're ready to get started, you can contact me here or e-mail me at .

Step 1 – Get ready to buy
Before you start your home search, there are many things you'll want to consider. You'll most likely want to put together a check list of features you need to have, get a feel for what neighborhoods and school districts you'd like to live in, and begin planning your budget. Keeping your mortgage payment less than or close to 30 percent of your monthly income is a good rule of thumb to follow.

Step 2 – Get in touch with a real estate agent in Tulsa
This is where I come in. We can book a time to meet so we can talk about why you want to buy a home and get an idea of your future plans. We'll talk about everything from neighborhoods, schools in the Tulsa area, the mortgage and housing industries, to any other economic factors that may affect your buying decision today or in the future.

I can also help you get started on your loan. Dennis Hall Realty, LLC works with some of Tulsa's best mortgage professionals, so you're in great hands. They'll help you decide which kind 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 begin searching for available houses on the market that suit your needs. 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 whenever it's most convenient for you.

As we view houses, I'll show you the positive features, as well as negative ones. And I'll ask you to point out what things you like and don't like. It's widely common for buyers to update their list of must-haves as we tour houses and some features become far more necessary than others. If that's the case, I'll search all the listings once again and narrow it down to the house you've been waiting for.

Step 4 – Understand the housing market
Your agent's understanding of the Tulsa home market is an imperative agent in your home search. And I assure you I'm informed of all the school districts and neighborhoods, and I'll alert you to what districts are "hot" and require immediate action and the ones that are "cool" and allow for cautiousness.

As we view homes, I'll let you know when the seller's list price has room for negotiation and also when I believe the house is "priced to sell." When working with an agent, be on guard and make sure you ask lots of questions, as any real estate agent in Tulsa will tell you they comprehend the housing market. If things don't add up, contact me at 918-447-8000 or e-mail me at , and I'll be glad to answer your questions. My knowledge of the market will keep you a step above the rest through the entire process.

Step 5 – Find the home you've been waiting for
I'm positive we'll find the house of your dreams in the Tulsa area. When we do, I'll thoroughly create your purchase offer. The offer will be made to fit your needs and the home. We'll include a lot of contingencies, such as getting financing, finishing the home inspection, and a clean title.

When submitting your offer, you'll want to submit "earnest money." This is a cash deposit submitted to the seller to secure an offer to purchase the property. The amount is most often put towards the closing costs. If the seller accepts your offer, we should close on the home about 30 to 60 days afterward. This allows plenty of time for your mortgage financing.

Step 6 – Negotiate the deal
Most contracts aren't closed on the initial offer, and it's pretty common to receive a counter offer. But don't let it discourage you. We'll figure out whether or not to take the counter offer, submit our own counter offer, or refuse the seller's offer and go on.

Market circumstances will play a vital role in how aggressively we negotiate the deal. In addition, we'll work within your budget. And when it's all said and done, we'll assemble a contract that is best for you.

Step 7 – Get a loan
After we sign the final contract, you'll begin working with your mortgage lender to close the loan. If you're pre-qualified, it won't take very long at all, but you'll need to keep in close contact with your mortgage lender. And I'll deal with 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) detailing your closing costs from your lender within three days of receiving your application. The estimate rests on the loan amount, and RESPA requirements order that it has to involve all closing costs and be within a close range of accuracy. I'll study the estimate and let you know if it all looks all right.

Then it's time to close on your home. This will probably happen at a title company or escrow office and will most often be a smooth and relaxing occasion.

Step 9 – Move in
Congratulations! It's time to move into your new home. Enjoy it. And if you need anything or have any questions, simply call me at 918-447-8000 or e-mail me at .

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