Buying or selling a home in Edmond?

Buying a home is an intimidating event for a lot of people. However, with some planning ahead of time, it isn't all that hard. So they understand exactly what to expect, I will provide buyers with an outline of the entire deal. Here are my nine steps to buying a home. If you have any questions regarding this information or if you're ready to get started, you can contact me here or e-mail me at .

Step 1 – Prepare to purchase
There are plenty of things you need to contemplate before you start searching for a home. It's likely that you'll want to form a checklist of items you want to have, get a feeling for what neighborhoods and school districts you'd like to live in, and begin working on your budget. Ensuring your mortgage payment is less than or around a third of your net monthly income is a good principle to follow.

Step 2 – Connect with a real estate agent in Edmond
That's where I come in. We can schedule 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 talk about the mortgage and housing industries, other economic factors that may affect your purchase today or in the future, as well as neighborhoods and school districts in the Edmond area.

I can also help you facilitate the loan process. There are some very good mortgage professionals in Edmond, and I partner with a lot of them, so you're in great hands. They can assist you with choosing which kind of loan is best for you and help you get qualified.

Step 3 – Begin looking for a house
After our first meeting, I'll begin finding homes on the market that suit your needs. I'll research many of the homes and remove the bad ones, and then we'll book appointments to view the homes when it's most convenient for you.

When we tour the houses, I'll point out good features, as well as negative ones. And I'll ask you to tell us about things you like and dislike. It's pretty common for buyers to revise their wish list as we tour houses and some features become far more necessary than others. If such is the case, I'll look through all the listings another time and narrow it down to the home you've been wishing for.

Step 4 – Comprehend the housing market
My awareness of the Edmond home market is a necessary aspect in your house search. I'm acquainted with all the school districts and neighborhoods, and I will communicate certain neighborhoods are "hot" and warrant immediate action and others that are "cold" and allow for careful examination.

As we tour houses, I'll make sure to communicate when the list price has room for bargaining and also when I think the home is "priced to sell." When working with an agent, be on guard and make sure you ask lots of questions, as every REALTOR will convince you they comprehend the 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 happy to answer any questions you might have. My market knowledge will keep you a step ahead throughout the entire process.

Step 5 – Find the home you've been looking for
I'm sure we'll find the home of your dreams in the Edmond area. When that happens, I'll meticulously create your home purchase offer. The offer will be tailored with your needs in mind and the home, including some contingencies, such as getting financing, carrying out the home inspection, and a clean title.

When submitting your purchase offer, you'll need to present "earnest money." This is a cash deposit made to the home seller to secure an offer to purchase the property, and it's typically applied to the cost of closing. If your offer is accepted, we should close about 30 to 60 days afterward. This allows ample time for your mortgage financing.

Step 6 – Negotiate
A lot of contracts aren't closed on the initial offer, and it's pretty common to receive a counter offer. But don't let it alarm you. We'll discuss whether or not to take the counter offer, present our own counter offer, or reject the seller's offer and move on.

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

Step 7 – Obtain a loan
Upon completing the contract, you'll begin working with your lender to close the loan. This won't take much time at all if you've been pre-approved, but you need to keep in close contact with your lender. And I'll manage all the property information your mortgage lender needs to close the loan.

Step 8 – Close the deal
Your mortgage lender will provide you with a Loan Estimate (LE) of closing costs within three days of taking your loan application. You'll get a Loan Estimate (LE) detailing closing costs from your lender within three days of getting your loan application. This estimate is formed from the loan amount, and RESPA requirements order that it has to include all closing costs and fall within a close range of accuracy. I'll review the estimate and let you know if it all looks adequate.

Then we'll close on your house. This will likely take place at a title company or escrow office and will likely be a smooth and pleasant occasion.

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