Contemplating purchasing a new home in Edmond?

Buying a home is an intimidating event for most people, but with a bit of planning ahead of time, it isn't that confusing. I like to furnish buyers with a road map of the entire deal so they understand exactly what to expect. Here are my nine steps to buying a home. When you're ready to get started, simply contact me here or e-mail me at . I'm glad to answer questions you have about this information.

Step 1 – Prepare to purchase
Before you begin looking for a home, there are a lot of things you need to take into account. When you start your search, you'll probably want to put together an index of must-haves, get a feeling for what school districts you want to live in, and begin working on your budget. Keeping your mortgage payment around a third of your monthly income is a good rule to follow.

Step 2 – Connect with a real estate agent in Edmond
That's where I come in. We can arrange 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 discuss everything from neighborhoods, schools in the Edmond area, the mortgage and housing industries, to any other economic factors that may affect your purchase today or in the future.

I'll also assist you in getting started on your loan. I partner with some of Edmond's best mortgage professionals, so you can rest assured that you're in great hands. They'll help you figure out which type of loan is best for you, as well as help you get qualified.

Step 3 – Start your search
After we meet for the first time, I'll begin finding homes on the market that suit your needs. I'll preview most of the homes and remove the duds, and then we'll book appointments to tour the houses at a time that's convenient for you.

When we view the houses, I'll identify good features and negative ones. I'll also ask you what things you like and don't like. Most often, buyers amend their must-have list as we view houses and some things become far more necessary than others. If that's the case, I'll search the listings one more time and narrow it down to the house you've been waiting for.

Step 4 – Comprehend the market
My awareness of the Edmond housing market is a necessary agent in your home search. I'm familiar with all the schools and neighborhoods, and I'll communicate some areas are "hot" and require prompt action and others that are "cold" and allow for thoughtful consideration.

As we tour homes, I'll make sure to communicate when the list price has room for bargaining and also when I think the house is "priced to sell." Be careful and be sure to ask your agent a lot of questions, as every real estate agent will tell you they truly know the market. If things don't add up, call me at 405-340-4224 or e-mail me at , and I'll be happy to answer any questions you may have. My knowledge of the market will help you stay a step above the rest through the entire process.

Step 5 – Find your dream house
We'll find the home of your dreams in Edmond, and when we do, I'll precisely develop your purchase offer. The offer will be tailored with your needs in mind and the home, including some contingencies, such as acquiring financing, finishing the home inspection, and a clean title.

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

Step 6 – Negotiate
Most contracts aren't closed on the first offer – it's widely common to receive a counter offer. But don't let it alarm you. We'll discuss whether or not to consent to the counter offer, propose our own counter offer, or decline the seller's offer and go on.

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

Step 7 – Get financing
After we sign the final sales contract, you'll start working with your lender to close the loan. If you've been pre-qualified, this won't take much time at all, but 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
Your mortgage lender will give you a Loan Estimate (LE) detailing your closing costs within three days of accepting your loan application. You'll get a Loan Estimate (LE) detailing your closing costs from your lender within three days of accepting your application. This estimate depends on the loan amount. RESPA requirements dictate that it has to include all closing costs and fall within a precise range of accuracy, and I'll examine the estimate and let you know if it all looks okay.

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

Step 9 – Move in
Congratulations! It's time to move into your new house. Enjoy it. And if you have any questions, just call me at 405-340-4224 or e-mail me at .