Are you buying a new home in Edmond?

Buying a home is stressful for a lot of people. However, with a bit of planning ahead of time, it's not all that complicated. I like to furnish buyers with an overview of the entire deal so they understand exactly what they can expect. Here are my nine steps to purchasing a home. Should you have any questions about this information or if you're prepared to get started, just contact me here or e-mail me at .

Step 1 – Prepare to purchase a home
Before you commence your home search, there are several things you'll want to contemplate. When you start your search, you'll probably want to assemble a check list of features you want to have, get a plan of what neighborhoods and school districts you want to live in, and begin planning your budget. Ensuring your mortgage payment is no more than 30 percent of your net monthly income is a good rule of thumb to adhere to.

Step 2 – Connect with a real estate agent in Edmond
That's where I can help. We'll book a time to get together so we can talk about your real estate needs and get an idea of your plans for the future. We'll talk about everything from neighborhoods, schools in the Edmond area, the mortgage and housing industries, to any other economic factors that might affect your purchase today or in the future.

I'll also assist you with 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'll assist you in deciding which type of loan is best for you and help you get approved.

Step 3 – Start house hunting
After our initial meeting, I'll begin finding available homes on the market that best suit you. I'll preview many of the houses and reject the duds, and then we'll set up appointments to view the homes whenever it's most convenient for you.

As we view homes, I'll show you the positive features, as well as negative ones. I'll even ask you to talk about things you like and dislike. Most often, buyers amend their must-have list as we view homes and some things become more essential than others. If that's the situation, I'll search all the listings once again and trim it down to the house of your dreams.

Step 4 – Get a grasp of the market
My awareness of the Edmond housing market is an essential element in your home search. I'm familiar with all the school districts and neighborhoods, and I'll let you know certain neighborhoods are "hot" and require prompt action and some that are "cold" and allow for more consideration.

As we view houses, I'll make sure to communicate when the list price has room for bargaining and when I believe the house is "priced to sell." When working with an agent, be on guard and make sure you ask lots of questions, as any REALTOR will claim to comprehend the home market. If it seems like they don't know everything, just call me at 405-340-4224 or e-mail me at , and I'll be happy to answer any questions you may have. My market expertise will help you stay a step ahead through the entire process.

Step 5 – Find the home you've been waiting for
I'm confident we'll find your dream house in the Edmond area. When that happens, I'll meticulously create your purchase offer. The offer will be tailored with your needs in mind and the home, including a lot of contingencies, such as getting financing, finishing the home inspection, and a clear title.

When presenting your purchase offer, you'll likely need to present "earnest money." This is a cash deposit made to the seller to secure the offer to purchase the property. The amount is often put towards the cost of closing. If the seller accepts your offer, we should close within 30 to 60 days after. This allows necessary time for your mortgage financing.

Step 6 – Negotiate the deal
A lot of deals aren't closed on the first offer. It's very common to receive a counter offer. But don't let it intimidate you. We'll figure out whether or not to agree to the counter offer, present our own counter offer, or reject the seller's offer and move on.

How aggressively we negotiate the contract depends on market circumstances. We'll also work within your financing constraints. And at the end of the day, we'll create a contract that's best for you.

Step 7 – Get a loan
Once the contract is signed, you'll begin working with your mortgage lender to close the loan. If you're already pre-qualified, it won't take very long at all, but you'll need to stay in close contact with your lender. And I'll deal with all the property information your lender needs to close the loan.

Step 8 – Close the deal
Your lender will furnish you with a Loan Estimate (LE) of your closing costs within three days of taking your application. You'll get a Loan Estimate (LE) outlining your closing costs from your lender within three days of accepting your loan application. This estimate rests on the loan amount. RESPA requirements mandate that it has to contain all closing costs and fall within a strict range of accuracy, and I'll go over the estimate and let you know if it all looks adequate.

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

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