Buying or selling a home?

With a little planning ahead of time, purchasing a home isn't that difficult, but the event can be stressful for many people. So they understand exactly what they can expect, I will give buyers an outline of the whole deal. Here 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 any questions you have regarding this information.

Step 1 – Get ready to purchase a home
Before you commence your home search, there are plenty of things you'll want to contemplate. When you start your search, you'll probably want to form an outline of features you need, get a plan of what neighborhoods you'd like to live in, and start planning around your budget. Keeping your mortgage payment less than a third of your monthly income is a good rule to adhere to.

Step 2 – Connect with a real estate agent in Tulsa
That's where I can help. We'll book a time to meet so we can talk about why you want to buy a home and get an idea of your future plans. We'll discuss neighborhoods, school districts in the Tulsa area, the mortgage and housing industries, and any additional economic factors that may potentially affect your buying decision today or in the future.

In addition, I'll help you begin the loan process. I work with some of the finest mortgage professionals in Tulsa, so you can rest assured that you're in great hands. They will help you determine which type of loan is best for you, as well as help you get approved.

Step 3 – Start looking
Following our initial meeting, I'll begin finding available homes on the market that suit your needs. I'll preview most of the homes and remove the duds, and then we'll schedule appointments to view the houses whenever it's convenient for you.

When we tour the houses, I'll call attention to positive features, as well as negative ones. I'll even ask you to point out what things you like and don't like. It's common for buyers to revise their must-have list as we view homes and some items become far more important than others. If such is the case, I'll look through the listings once again and trim it down to the house you've been waiting for.

Step 4 – Get a grasp of the housing market
An agent's awareness of the Tulsa housing market is an imperative aspect in your house search. And I assure you I'm conscious of all the schools and neighborhoods, and I can let you know some districts are "hot" and warrant prompt action and the ones that are "cool" and allow for cautiousness.

When we tour houses, I'll be sure to tell you if the seller's list price has room for negotiation or if I believe the home is "priced to sell." Any real estate agent will claim to know the home market, but trust your instincts, and be sure to ask your agent lots 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 help you stay a step above the rest throughout the entire deal.

Step 5 – Find the house you've been waiting for
We'll find the house of your dreams in Tulsa, and when that happens, I'll precisely create your real estate purchase offer. The offer will be made to fit your needs and the home. We'll include a lot of contingencies, such as obtaining financing, completing the inspection, and a clear title.

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

Step 6 – Negotiate
Unfortunately most deals aren't closed on the first offer. It's pretty common to receive a counter offer. But don't let it discourage you. We'll figure out whether or not to accept the counter offer, submit our own counter offer, or refuse the seller's offer and go on.

The state of the market will play a vital role in how aggressively we negotiate the contract. We'll also work within your financing budget. And at the end of the day, we'll compose a contract that is best for you.

Step 7 – Secure financing
Upon finishing the deal, you'll start working with your mortgage lender to close the loan. If you're already pre-qualified, this shouldn't take much time at all. But you need to stay in close contact with your lender. And I'll take care of all the property information your lender will need to close the loan.

Step 8 – Close the deal
You'll get a Loan Estimate (LE) outlining your closing costs from your lender within three days of getting your application. This estimate is formed from the loan amount, and RESPA requirements mandate that it has to include all closing costs and fall within a narrow range of accuracy. I'll study the estimate and let you know if everything looks okay.

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

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

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