Purchasing a home in Tulsa
Purchasing a home is stressful for many people, but with some up-front planning, it isn't very hard.
So they know exactly what they can expect, I'll 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 happy to answer any questions you have regarding this information.
There are a lot of things you should do prior to starting your home search. When you begin your search, you'll probably want to make an outline of items you need, get a feel for what neighborhoods you want to live in, and begin working on your budget. A good principle to adhere to is that your mortgage payment should be close to 1/3 of your monthly income. Step 2 – Talk to a real estate agent
This is where I come in. We can set up a time to get together 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 and housing industries, other economic factors that may potentially affect your buying decision today or in the future, as well as neighborhoods and schools in the Tulsa area.
In addition, I'll assist you in getting started on your loan. There are some great mortgage professionals in Tulsa, and I work with a lot of them, so you'll be in great hands. They'll assist you in deciding which kind of loan is best for you and help you get approved.
Step 3 – Start your search
After our first meeting, I'll begin finding houses on the market that are great for you. I'll get a sneak peek of most of the homes and exclude the duds, and then we'll set up appointments to view the houses at a time that's convenient for you.
As we tour houses, I'll identify good features, as well as bad ones. I'll also ask you to point out what things you like and dislike. It's common for buyers to revise their wish list as we view houses and some things become more important than others. If that's the case, I'll look through the listings again and trim it down to the home you've been dreaming about.
Step 4 – Know the market
My knowledge of the Tulsa home market is an imperative component in your house search. I'm conscious of all the neighborhoods and schools, and I will alert you to certain districts are "hot" and demand immediate action and some that are "cold" and allow for thoughtful analysis.
When we tour houses, I'll be sure to tell you if the asking price has room for negotiation or if I believe the home is "priced to sell."
Any real estate agent in Tulsa will tell you they truly know the market, but keep an eye out, and be sure to ask plenty of questions.
If it seems like they don't know everything, contact me at (918) 970-4000 or e-mail me at , and I'd be happy to answer your questions. My market knowledge will help you stay a step above the rest through the entire deal.
Step 5 – Find the house of your dreams
I'm positive we'll find your dream house in Tulsa. When we do, I'll carefully create your purchase offer. The offer will be tailored to suit your needs and the home, including several contingencies, such as getting financing, carrying out the inspection, and a clear title.
Step 6 – Negotiate
A lot of contracts don't close on the initial offer – it's really common to receive a counter offer. Don't let this intimidate you. We'll consider whether or not to agree to the counter offer, present our own counter offer, or refuse the seller's offer and move on.
Step 7 – Secure a loan
Upon signing the deal, you'll start working with your mortgage lender to close the loan. This won't be a long process at all if you're pre-approved, but you need to stay in close contact with your mortgage lender. And I'll sort out 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) of your closing costs from your mortgage lender within three days of getting your loan application. The estimate is based on the loan amount. RESPA requirements order that it has to involve all closing costs and be within a narrow range of accuracy, and I'll go over the estimate and let you know if it all looks okay.
Step 9 – Move in
Congratulations! Now you can move into your new house. Enjoy it. And if you have any questions, make sure you call me at (918) 970-4000 or e-mail me at .