Buying or selling a home? Hickerson Realty can help.

Purchasing a home is a stressful event for a lot of people, but with a little up-front planning, it isn't too complex. I like to supply buyers with a road map of the whole deal so they understand exactly what they can expect. Below are my nine steps to purchasing a home. If you have any questions regarding any of this information or if you're prepared to get started, just contact me here or e-mail me at .

Step 1 – Get ready to buy
Prior to starting your home search, there are many things you should do. When you begin your search, you'll probably want to make an index of features you want, get an idea of what school districts and neighborhoods you'd like to live in, and begin working on your budget. Ensuring your mortgage payment is less than a third of your net monthly income is a good principle to adhere to.

Step 2 – Contact a real estate agent in Tulsa
This is where I can help. We can arrange a time to get together so we can talk about your real estate needs and get an idea of your future plans. We'll talk about neighborhoods, school districts in the Tulsa area, the mortgage industry, and any additional economic factors that may potentially affect your buying decision today or in the future.

I'll also help you facilitate the loan process. I partner with some of the finest mortgage professionals in Tulsa, so you're in great hands. They will assist you in figuring out which kind of loan is best for you and help you get approved.

Step 3 – Begin looking for a home
Following our first meeting, I'll begin looking for houses on the market that best suit you. I'll preview most of the homes and ignore the bad ones, and then we'll schedule appointments to view the homes at a time that's convenient for you.

As we tour homes, I'll identify good features, as well as negative ones. And I'll ask you to talk about things you like and dislike. It's common for buyers to update their must-have list as we view homes and some features become more necessary than others. If such is the case, I'll go back through all the listings another time and trim it down to the house of your dreams.

Step 4 – Know the housing market
My understanding of the Tulsa housing market is an imperative component in your home search. I am mindful of all the neighborhoods and schools, and I'll alert you to which areas are "hot" and warrant prompt action and the ones that are "cold" and allow for careful examination.

As we tour houses, I'll let you know when the seller's asking price has room for negotiation and when I trust the house is "priced to sell." Every real estate agent in Tulsa will tell you they know the market, but keep an eye out, and be sure to ask plenty of questions. If it appears they don't know everything, call me at (918) 970-4000 or e-mail me at , and I'll be glad to answer any questions you may have. My knowledge of the market will keep you a step above the rest throughout the entire deal.

Step 5 – Find the house you've been waiting for
I'm positive we'll find your dream home in Tulsa. When we do, I'll precisely create your real estate purchase offer. The offer will be made to suit your needs and the home. We'll include many contingencies, such as acquiring financing, finishing the inspection, and a clear title.

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

Step 6 – Negotiate
A lot of contracts aren't closed on the beginning offer. It's extremely common to receive a counter offer. But don't let this alarm you. We'll talk about whether or not to take the counter offer, submit our own counter offer, or refuse the seller's offer and go on.

How aggressively we negotiate the contract depends on market conditions. We'll also work within your budget. And when it's all said and done, we'll assemble a contract that's best for you.

Step 7 – Get financing
Once we sign the final sales contract, you'll start working with your lender to close the loan. If you're pre-qualified, this won't take very long at all. However, you should to keep in close contact with your lender. And I'll manage all the property information your lender will need to close the loan.

Step 8 – Close the deal
You'll get a Loan Estimate (LE) detailing closing costs from your lender within three days of getting your application. The estimate is based on the loan amount. RESPA requirements mandate that it has to contain all closing costs and be within a tight range of accuracy, and I'll go over the estimate and let you know if it all looks permissible.

Then we'll close on your house. This will likely occur at a title company or escrow office and will probably be a smooth and hassle-free affair.

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

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