Are you looking to buy your new home in Edmond? Coldwell Banker Mike Jones Company can help.

Purchasing a home is stressful for a lot of people, but with a bit of planning ahead of time, it isn't all that complicated. I like to give buyers a road map of the entire deal so they know exactly what they can expect. These are my nine steps to buying a home. If you have any questions regarding any of this information or if you're prepared to get started, simply contact me here or e-mail me at .

Step 1 – Get ready to purchase
There are a lot of things you'll want to take into account before you start looking for a home. When you begin your search, you'll want to form a list of must-have features, get a feeling for what neighborhoods you want to live in, and start planning your budget. Keeping your mortgage payment less than or around 30 percent of your net monthly income is a good rule to adhere to.

Step 2 – Get in touch with a real estate agent in Edmond
That's where I can help. I'd be happy to arrange a time to get together with you and speak with you regarding your real estate needs and get an idea of your upcoming plans. We'll discuss the mortgage and housing industries, other economic factors that may affect your buying decision today or in the future, as well as neighborhoods and school districts in the Edmond area.

I'll also help you start the loan process. There are some excellent mortgage professionals in Edmond, and I partner with a lot of them, so you're in great hands. They'll assist you with figuring out which kind of loan is best for you and help you get approved.

Step 3 – Begin looking for a home
After our initial meeting, I'll begin searching for available houses on the market that best suit you. I'll research most of the homes and eliminate the bad ones, and then we'll book appointments to view the houses when it's most convenient for you.

When we tour houses, I'll show you the good features and negative ones. And I'll ask you to tell us about things you like and don't like. Generally, buyers update their list of must-haves as we view homes and some features become more important than others. If that's the situation, I'll search all the listings once more and narrow it down to the house you've been dreaming about.

Step 4 – Get a grasp of the market
Your agent's understanding of the Edmond home market is an imperative factor in your home search. And I can assure you I'm familiar with all the neighborhoods and school districts, and I'll let you know certain districts are "hot" and call for prompt action and the ones that are "cold" and allow for careful analysis.

As we tour houses, I'll let you know when the list price has room for negotiation and when I think the home is "priced to sell." Any REALTOR will convince you they know the market, but be careful, and make sure you ask a lot of questions. If things don't add up, contact me at 405-340-4224 or e-mail me at , and I'd be happy to answer any questions you may have. 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 Edmond, and when we do, I'll thoroughly develop your home purchase offer. The offer will be tailored exactly to your needs and the home, including many contingencies. A few examples are getting financing, completing the home inspection, and a clean title.

When submitting your offer, you'll want to submit "earnest money." This is a cash deposit made to a seller to secure the offer to purchase the property. The amount is usually put towards the closing costs. If the offer is accepted by the seller, we should close on the home about 30 to 60 days afterward. This allows necessary time for your mortgage financing.

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

The state of the market will play a part in how aggressively we negotiate the deal. In addition, we'll work within your financing constraints. And at the end of the day, we'll formulate a contract that works well for you.

Step 7 – Get a loan
Upon finishing the contract, you'll begin working with your lender to close the loan. If you're pre-approved, this shouldn't take very long at all, but you need to stay in close contact with your mortgage lender. And I'll care for all the property information your lender will need to close the loan.

Step 8 – Close the deal
Your lender will send you a Loan Estimate (LE) detailing closing costs within three days of taking your loan application. You'll get a Loan Estimate (LE) detailing your 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 fall within a narrow range of accuracy, and I'll analyze the estimate and let you know if it all looks good.

Then it's time to close on your house. This will most likely take place at a title company or escrow office and should be a smooth and comfortable event.

Step 9 – Move in
Congratulations! Now you can move into your new house. Enjoy it. And if you need anything, be sure to contact me at 405-340-4224 or e-mail me at .