Purchasing a home in Tulsa with Hickerson Realty

Purchasing a home is intimidating for most people, but with a little planning ahead of time, it's not very complicated. I like to supply buyers with a road map of the entire deal so they understand exactly what they can expect. Below are my nine steps to buying a home. Should you have questions about this information or if you're prepared to get started, you can contact me here or e-mail me at .

Step 1 – Prepare to purchase a home
Before you start looking for a home, there are a lot of things you'll want to contemplate. When you begin your search, you'll want to create an outline of must-have features, get an idea of what neighborhoods and school districts you want to live in, and start planning around your budget. A good guideline to go by is that your mortgage payment should be less than or close to 1/3 of your monthly income.

Step 2 – Contact a real estate agent
This is where I come in. I'd like to set up a time to meet with you and communicate with you regarding why you want to buy a home and get an idea of your plans for the future. We'll discuss the mortgage industry, other economic factors that could potentially affect your buying decision today or in the future, as well as neighborhoods and schools in the Tulsa area.

I can also help you begin the loan process. I work with some of Tulsa's best mortgage professionals, so you'll be in great hands. They can help you decide which kind of loan is best for you, as well as help you get qualified.

Step 3 – Begin looking for a home
After we meet for the first time, I'll start looking for available homes on the market that best suit you. I'll research most of the houses and reject the duds, and then we'll schedule appointments to tour the homes when it's most convenient for you.

When we view homes, I'll identify positive features, as well as negative ones. And I'll ask you to tell us about things you like and don't like. Generally, buyers change their must-have list as we tour houses and some things become more essential than others. If that's the situation, I'll search the listings one more time and narrow it down to the house you've been dreaming about.

Step 4 – Understand the market
My awareness of the Tulsa home market is a leading factor in your house search. I'm informed of all the neighborhoods and school districts, and I'll alert you to what districts are "hot" and call for immediate action and some that are "cool" and allow for careful consideration.

When we view homes, I'll be sure to tell you when the seller's asking price has room for negotiation and when I trust the home is "priced to sell." When working with an agent, trust your instincts and make sure you ask plenty of questions, as any real estate agent will tell you they comprehend the market. If things don't add up, contact me at (918) 970-4000 or e-mail me at , and I'll be more than happy to answer any questions you may have. My market expertise 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 Tulsa, and when we do, I'll meticulously develop your purchase offer. The offer will be tailored to suit your needs and the home, including several contingencies. A few examples are acquiring financing, carrying out the inspection, and a clear title.

Upon submitting your offer, you'll probably want to present "earnest money." This is a cash deposit submitted to a home seller to secure an offer to buy the property. The amount is often applied to the closing costs. If your offer is accepted, we should close on the property within 30 to 60 days afterward. This allows ample time for your mortgage financing.

Step 6 – Negotiate the deal
Most contracts don't close on the beginning offer – it's extremely common to receive a counter offer. But don't let this discourage you. We'll talk over whether or not to take the counter offer, present our own counter offer, or refuse the seller's offer and go on.

Market conditions will play a big part in how aggressively we negotiate the deal. We'll also work within your budget. And at the end of the day, we'll put together a deal that's best for you.

Step 7 – Obtain a loan
After the contract is finished, you'll start working with your mortgage lender to close the loan. This shouldn't take very long at all if you're already pre-qualified, but you'll need to keep in close contact with your mortgage lender. And I'll care for all the property information your mortgage lender needs to close the loan.

Step 8 – Close the deal
Your lender will supply you with a Loan Estimate (LE) outlining closing costs within three days of accepting your application. You'll get a Loan Estimate (LE) detailing your closing costs from your mortgage lender within three days of taking your loan application. This estimate is formed from the loan amount, and RESPA requirements dictate that it has to include all closing costs and fall within a strict range of accuracy. I'll analyze the estimate and let you know if everything looks okay.

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

Step 9 – Move in
Congratulations! Now you can move into your new home. Enjoy it. And if you need anything or have any questions, simply contact me at (918) 970-4000 or e-mail me at .

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