Let Dennis Hall Realty, LLC assist you in buying a home in Tulsa
For most people, purchasing a home is a stressful event. However, with some planning ahead of time, it's not too hard.
So they understand exactly what to expect, I will provide buyers with a road map of the entire deal.
These 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 address any questions you have about this information.
Step 1 – Prepare to purchase
There are plenty of things you should do before beginning your home search.
You'll most likely want to create a checklist of items you need to have, plan for what neighborhoods you'd like to live in, and begin working on your budget.
Ensuring your mortgage payment is around 30 percent of your monthly income is a good rule of thumb to adhere to.
Step 2 – Talk to a real estate agent in Tulsa
This is where I can help.
We can arrange a time to meet so we can talk about your real estate needs and get an idea of your plans for the future.
We'll talk about the mortgage industry, other economic factors that may affect your purchase today or in the future, as well as neighborhoods and schools in the Tulsa area.
I can also assist you with getting started on your loan.
I work with some of Tulsa's best mortgage professionals, so you're in great hands.
They'll assist you in choosing which kind of loan is best for you and help you get qualified.
Step 3 – Start looking for a house
After our initial meeting, I'll begin finding houses on the market that are a good fit for you.
I'll research many of the homes and remove the bad ones, and then we'll book appointments to view the homes at a time that's convenient for you.
As we tour homes, I'll show you the positive features and bad ones. I'll also ask you to point out what things you like and don't like.
Frequently, buyers update their list of must-haves as we tour homes and some things become far more important than others.
If that happens, I'll look through the listings another time and narrow it down to the home of your dreams.
Step 4 – Know the market
My understanding of the Tulsa housing market is an essential factor in your home search. I'm conscious of all the schools and neighborhoods, and I will communicate certain districts are "hot" and warrant prompt action and the ones that are "cold" and allow for thoughtful consideration.
As we view houses, I'll make sure to communicate when the list price has room for bargaining and also when I think the home is "priced to sell."
Be mindful and make sure you ask plenty of questions, as any REALTOR in Tulsa will claim to comprehend the market.
If it seems like they don't know everything, contact me at 918-447-8000 or e-mail me at , and I'll be glad to answer any questions you might have. My market knowledge will help you stay a step above the rest throughout the entire process.
Step 5 – Find your dream house
We'll find the home of your dreams in the Tulsa area, and when that happens, I'll meticulously create your purchase offer. The offer will be tailored to suit your needs and the home, including many contingencies. A few examples are obtaining financing, completing the inspection, and a clear title.
When turning in your offer, you'll need to submit "earnest money." This is a cash deposit made to a home seller to secure an offer to purchase the property and is usually applied to the cost of closing. If your offer is accepted by the seller, we should close within 30 to 60 days afterward. This allows ample time for your mortgage financing.
Step 6 – Negotiate
Unfortunately most contracts aren't closed on the beginning offer, and it's extremely common to receive a counter offer. Don't let this alarm you. We'll talk over whether or not to consent to the counter offer, propose our own counter offer, or decline the seller's offer and move on.
The state of the market determines how aggressively we negotiate the deal.
In addition, we'll work within your financing budget. And when it's all said and done, we'll compose a deal that's best for you.
Step 7 – Obtain your loan
After we sign the final sales contract, you'll start working with your mortgage lender to close the loan.
It shouldn't be a long process at all if you've been pre-qualified, but you'll want to stay in close contact with your mortgage lender.
And I'll take care of all the property information your lender needs to close the loan.
Step 8 – Close the deal
Your mortgage lender will give you a Loan Estimate (LE) of your closing costs within three days of getting your application. You'll get a Loan Estimate (LE) outlining your closing costs from your mortgage lender within three days of taking your application.
This estimate depends on the loan amount, and RESPA requirements require that it has to include all closing costs and be within a strict range of accuracy. I'll examine the estimate and let you know if everything looks adequate.
Then we'll close on your house. This will most likely take place at a title company or escrow office and should be a smooth and pleasant affair.
Step 9 – Move in
Congratulations! It's time to move into your new house. Enjoy it. And if you need anything, just contact me at 918-447-8000 or e-mail me at .