Buying or selling a home? Hickerson Realty can help.

Buying a home is intimidating for most people. However, with some up-front planning, it's not that complex. So they'll know exactly what they can expect, I like to supply buyers with a road map of the entire deal. Below are my nine steps to purchasing a home. When you're ready to get started, you can contact me here or e-mail me at . I'm happy to address questions you have about this information.

Step 1 – Get ready to purchase a home
There are several things you'll want to consider before you look for a home. When you start your search, you'll probably want to form an outline of features you want, get a feeling for what school districts and neighborhoods you'd like to live in, and begin planning around your budget. Ensuring your mortgage payment is less than or close to 30 percent of your monthly income is a good principle to go by.

Step 2 – Connect with a real estate agent
This is where Hickerson Realty can help. We'll schedule a time to meet so we can talk about why you want to buy a home and get an idea of your upcoming plans. We'll talk about everything from neighborhoods, school districts in the Tulsa area, the mortgage and housing industries, to any other economic factors that might affect your purchase today or in the future.

I can also help you start the loan process. There are some very good mortgage professionals in Tulsa, and I work with a lot of them, so you'll be in great hands. They'll help you determine which kind of loan is best for you, as well as help you get qualified.

Step 3 – Start looking for a home
After our first meeting, I'll begin looking for available homes on the market that meet your needs. I'll preview most of the houses and exclude the bad ones, and then we'll book appointments to tour the homes when it's most convenient for you.

As we view homes, I'll show you the positive features and bad ones. And I'll ask you to talk about things you like and dislike. For the most part, buyers change their wish list as we tour houses and some features become far more necessary than others. If that happens, I'll go back through the listings one more time and narrow it down to the home you've been dreaming about.

Step 4 – Understand the housing market
My understanding of the Tulsa housing market is a crucial agent in your house search. I am familiar with all the school districts and neighborhoods, and I can let you know which neighborhoods are "hot" and demand prompt action and the ones that are "cold" and allow for thoughtful analysis.

As we view homes, I'll make sure to communicate if the seller's list price has room for bargaining or if I believe the house is "priced to sell." Any real estate agent will tell you they know the market, but keep an eye out, and make sure you ask plenty of questions. If it appears they don't know everything, just call me at (918) 970-4000 or e-mail me at , and I'll be glad to answer your questions. My market expertise will keep you a step above the rest throughout the entire process.

Step 5 – Find the home you've been looking for
I know we'll find your dream house in the Tulsa area. When that happens, I'll precisely develop your real estate purchase offer. The offer will be tailored to suit your needs and the home, including some contingencies, such as acquiring financing, carrying out the inspection, and a clean title.

When we turn in your offer, most likely you'll need to present "earnest money." This is a cash deposit submitted to a home seller to secure an offer to purchase the property, and it's typically applied to the closing costs. If your offer is accepted by the seller, we should close on the property within 30 to 60 days after. This allows necessary time for your mortgage financing.

Step 6 – Negotiate the deal
Unfortunately most deals don't close on the initial offer. It's very 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, present our own counter offer, or reject the seller's offer and move on.

How aggressively we negotiate the contract depends on the state of the market. In addition, we'll work within your financing constraints. And at the end of the day, we'll assemble a contract that's best for you.

Step 7 – Obtain your loan
Once the deal is finished, you'll begin working with your lender to close the loan. It won't take long at all if you've been pre-approved, but you should to stay 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
Your lender will supply you with a Loan Estimate (LE) of your closing costs within three days of receiving your application. You'll get a Loan Estimate (LE) outlining closing costs from your mortgage lender within three days of accepting your loan application. This estimate depends on the loan amount. RESPA requirements dictate that it has to involve all closing costs and be within a close range of accuracy, and I'll examine the estimate and let you know if everything looks all right.

Then it's time to close on your house. This will most often take place at a title company or escrow office and will most likely be a smooth and easygoing occasion.

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

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