Let Coldwell Banker Mike Jones Company assist you with purchasing a home in Edmond

With some up-front planning, purchasing a home isn't that confusing, but the event is stressful for a lot of people. So they know exactly what to expect, I'll supply buyers with a road map of the whole deal. These are my nine steps to purchasing a home. When you're ready to get started, simply contact me here or e-mail me at . I'm happy to address questions you have about this information.

Step 1 – Prepare to buy
Before you start looking for a home, there are a lot of things you'll want to consider. It's likely that you'll want to form an outline of items you need to have, plan for what school districts and neighborhoods you want to live in, and start working on your budget. Keeping your mortgage payment less than or close to 30 percent of your monthly income is a good guideline to go by.

Step 2 – Talk to a real estate agent in Edmond
This is where I come in. We can schedule a time to get together so we can talk about why you want to buy a home and get an idea of your future plans. We'll discuss neighborhoods, school districts in the Edmond area, the mortgage and housing industries, and any additional economic factors that could potentially affect your purchase today or in the future.

I can also help you start the loan process. There are some great 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 with choosing which type of loan is best for you and help you get qualified.

Step 3 – Start looking
After our first meeting, I'll begin looking for available homes on the market that are good for you. I'll get a sneak peek of most of the houses and ignore the bad ones, and then we'll book appointments to tour the houses at a time that's convenient for you.

When we view houses, I'll show you the positive features and bad ones. I'll also ask you to tell us about things you like and don't like. Oftentimes, buyers update their list of must-haves as we view homes and some features become more important than others. If that happens, I'll search the listings one more time and trim it down to the home you've been wishing for.

Step 4 – Comprehend the market
Your agent's understanding of the Edmond housing market is a necessary agent in your home search. And I can assure you I'm informed of all the school districts and neighborhoods, and I will alert you to some neighborhoods are "hot" and call for prompt action and the ones that are "cold" and allow for careful examination.

When we tour homes, I'll make sure to communicate when the list price has room for bargaining and also when I know the home is "priced to sell." Every REALTOR will tell you they understand the housing market, but take notice, and be sure to ask your agent lots of questions. If it doesn't seem like they know everything, contact me at 405-340-4224 or e-mail me at , and I'll be happy to answer any questions you have. My market expertise will keep you a step ahead through the entire deal.

Step 5 – Find the house of your dreams
We'll find the home of your dreams in the Edmond area, and when that happens, I'll meticulously develop your home purchase offer. The offer will be tailored with your needs in mind and the home, including several contingencies, such as getting financing, carrying out the inspection, and a clear title.

When turning in your purchase offer, you'll need to submit "earnest money." This is a cash deposit given to the home seller to secure the offer to purchase the property. The amount is often put towards the closing costs. If the offer is accepted by the seller, we should close within 30 to 60 days after. This allows sufficient time for your mortgage financing.

Step 6 – Negotiate
Most contracts aren't closed on the beginning offer. It's pretty common to receive a counter offer. Don't let this discourage you. We'll figure out whether or not to agree to the counter offer, propose our own counter offer, or decline the seller's offer and go on.

The state of the market determines how aggressively we negotiate the deal. We'll also work within your financing constraints. And at the end of the day, we'll assemble a deal that's best for you.

Step 7 – Secure financing
Upon finishing the deal, you'll start working with your lender to close the loan. It shouldn't take much time at all if you've been pre-approved, but you'll need to keep in close contact with your lender. And I'll manage all the property information your mortgage lender will need to close the loan.

Step 8 – Close the deal
You'll get a Loan Estimate (LE) detailing your closing costs from your mortgage lender within three days of taking your loan application. This estimate is based on the loan amount, and RESPA requirements mandate that it has to involve all closing costs and be within a strict range of accuracy. I'll go over the estimate and let you know if it all looks good.

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

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