Buying or selling a home? Coldwell Banker Mike Jones Company can help.

For a lot of people, buying a home can be a stressful event. However, with a little planning ahead of time, it's not very confusing. I like to give buyers an outline of the entire deal so they understand exactly what they can expect. Below are my nine steps to purchasing a home. If you have any questions about any of this information or if you're prepared to get started, simply contact me here or e-mail me at .

Step 1 – Prepare to buy a home
There are several things you should take into account prior to starting your home search. When you begin your search, you'll want to make an outline of must-haves, plan for what neighborhoods and school districts you'd like to live in, and start planning your budget. Ensuring your mortgage payment is less than or around a third of your net monthly income is a good rule to adhere to.

Step 2 – Talk to a real estate agent
This is where Coldwell Banker Mike Jones Company comes in. We'll book a time to get together so we can talk about why you want to buy a home and get an idea of your plans for the future. We'll discuss everything from neighborhoods, schools in the Edmond area, the mortgage and housing industries, to any other economic factors that could potentially affect your buying decision today or in the future.

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

Step 3 – Start house hunting
Following our initial meeting, I'll start looking for available homes on the market that are a great fit for you. I'll preview many of the houses and reject the duds, and then we'll schedule appointments to view the homes when it's convenient for you.

As we tour houses, I'll show you the positive features, as well as bad ones. I'll even ask you to tell us about things you like and don't like. It's widely common for buyers to change their must-have list as we tour homes and some things become far more crucial than others. If such is the case, I'll go back through the listings once more and trim it down to the home you've been dreaming about.

Step 4 – Comprehend the market
My awareness of the Edmond home market is a crucial component in your house search. I am familiar with all the neighborhoods and schools, and I will let you know which neighborhoods are "hot" and require immediate action and others that are "cool" and allow for careful examination.

As we tour homes, I'll make sure to communicate if the asking price has room for negotiation or if I believe the home is "priced to sell." Be mindful and be sure to ask your agent plenty of questions, as any real estate agent in Edmond will claim to understand the home market. If it doesn't seem like they know everything, just call me at 405-340-4224 or e-mail me at , and I'll be more than happy to answer any questions you may have. My market expertise will keep you a step ahead throughout the entire process.

Step 5 – Find the home you've been waiting for
We'll find the house of your dreams in Edmond, and when we do, I'll meticulously create your home purchase offer. The offer will be tailored keeping your needs in mind and the home, including some contingencies, such as obtaining financing, finishing the inspection, and a clear title.

When we turn in your purchase offer, you'll want to present "earnest money." This is a cash deposit submitted to the seller to secure an offer to purchase the property and is usually applied to the cost of closing. If your offer is accepted, we should close on the property within 30 to 60 days after. This allows enough time for your mortgage financing.

Step 6 – Negotiate
Unfortunately most deals don't close on the beginning offer. It's extremely common to receive a counter offer. But don't let it alarm you. We'll talk about whether or not to take the counter offer, propose our own counter offer, or reject the seller's offer and go on.

Market conditions will play a part in how aggressively we negotiate the deal. We'll also work within your financing constraints. And at the end of the day, we'll formulate a contract that's best for you.

Step 7 – Obtain your loan
Once we sign the final sales contract, you'll begin working with your lender to close the loan. This won't take long at all if you're already pre-approved, but you should 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
Your mortgage lender will give you a Loan Estimate (LE) outlining your closing costs within three days of taking your application. You'll get a Loan Estimate (LE) outlining closing costs from your lender within three days of accepting your application. This estimate rests on the loan amount, and RESPA requirements require that it has to contain all closing costs and be within a strict range of accuracy. I'll review the estimate and let you know if it all looks okay.

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

Step 9 – Move in
Congratulations! Now you can move into your new home. Enjoy it. And if you need anything or have any questions, simply contact me at 405-340-4224 or e-mail me at .