Buying or selling a home?

For most people, purchasing a home can be an intimidating event. But with a little up-front planning, it isn't all that complicated. So they understand exactly what to expect, I'll furnish buyers with a road map of the entire deal. Here are my nine steps to buying a home. When you're ready to get started, just contact me here or e-mail me at . I'm glad to answer questions you have about this information.

Step 1 – Prepare to purchase a home
There are many things you'll want to contemplate before beginning your home search. You'll most likely want to make an index of items you want, plan for what neighborhoods you'd like to live in, and begin planning your budget. Ensuring your mortgage payment is around a third of your net monthly income is a good guideline to adhere to.

Step 2 – Communicate with a real estate agent in Tulsa
That's where I come 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 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 could affect your purchase today or in the future.

In addition, I'll help you start the loan process. There are some excellent mortgage professionals in Tulsa, and I work with a lot of them, so you can rest assured that you're in great hands. They'll help you determine which kind of loan is best for you, as well as help you get approved.

Step 3 – Begin looking for a house
After our first meeting, I'll start searching for available houses on the market that are great for you. I'll research most of the homes and eliminate the duds, and then we'll schedule appointments to view the houses at a time that's convenient for you.

As we tour houses, I'll call attention to good features, as well as bad ones. And I'll ask you to point out what things you like and don't like. It's widely common for buyers to change their must-have list as we view homes and some features become more substantial than others. If that's the situation, I'll go back through all the listings once again and narrow it down to the home of your dreams.

Step 4 – Get a grasp of the housing market
An agent's knowledge of the Tulsa home market is an essential element in your home search. And I can assure you I'm familiar with all the schools and neighborhoods, and I can alert you to what neighborhoods are "hot" and require prompt action and the ones that are "cool" and allow for more analysis.

When we tour homes, I'll let you know when the list price has room for negotiation and when I trust the house is "priced to sell." When working with an agent, be careful and be sure to ask lots of questions, as any REALTOR in Tulsa will claim to comprehend the market. If it seems like they don't know everything, just call me at 918-447-8000 or e-mail me at , and I'd be more than happy to answer any questions you may have. My knowledge of the market will help you stay a step ahead throughout the entire process.

Step 5 – Find the home you've been looking for
We'll find your dream home in the Tulsa area, and when that happens, I'll carefully create your real estate purchase offer. The offer will be made to fit your needs and the home. We'll include several contingencies, such as acquiring financing, finishing the home inspection, and a clear title.

When we present your purchase offer, you'll probably need to submit "earnest money." This is a cash deposit made to a home seller to secure the offer to buy the property, and it's usually applied to the closing costs. If your offer is accepted, we should close on the property about 30 to 60 days after. This allows ample time for your mortgage financing.

Step 6 – Negotiate the deal
A lot of contracts don't close on the beginning offer. It's really common to receive a counter offer. But don't let this intimidate you. We'll consider whether or not to accept the counter offer, propose our own counter offer, or reject the seller's offer and go on.

How aggressively we negotiate the deal depends on the state of the market. We'll also work within your budget. And when it's all said and done, we'll put together a deal that's best for you.

Step 7 – Get your loan
Upon finalizing the deal, you'll start working with your mortgage lender to close the loan. If you're pre-approved, it won't be a long process at all. However, you'll need to keep in close contact with your lender. And I'll sort out all the property information your mortgage lender will need to close the loan.

Step 8 – Close the deal
Your lender will supply you with a Loan Estimate (LE) detailing closing costs within three days of getting your loan application. You'll get a Loan Estimate (LE) detailing your closing costs from your mortgage lender within three days of getting your loan application. This estimate is based on the loan amount, and RESPA requirements order that it has to contain all closing costs and be within a close range of accuracy. I'll analyze the estimate and let you know if everything looks adequate.

Then we'll close on your house. This should take place at a title company or escrow office and will most likely be a smooth and calm affair.

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

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