Are you purchasing a new home in Lawton?
Purchasing a home intimidates most people, but it's not all that complicated with a bit of planning ahead of time.
I like to supply buyers with an outline of the whole deal so they know exactly what to expect.
Below are my nine steps to buying a home.
Should you have any questions about this information or if you're prepared to get started, simply contact me here or e-mail me at .
Step 1 – Get ready to buy
There are many things you'll want to take into account prior to commencing your home search.
It's likely that you'll want to form a checklist of items you want, get a feeling for what neighborhoods and school districts you'd like to live in, and begin planning your budget.
Keeping your mortgage payment less than or around 1/3 of your monthly income is a good principle to follow.
Step 2 – Get in touch with a real estate agent
This is where Sasseen Realty Group at Remax Professionals comes in.
I'd be happy to set up a time to meet with you and communicate with you regarding why you want to buy a home and get an idea of your upcoming plans.
We'll talk about everything from neighborhoods, schools in the Lawton area, the mortgage industry, to any other economic factors that may affect your buying decision today or in the future.
In addition, I'll help you facilitate the loan process.
There are some great mortgage professionals in Lawton, and I work with a lot of them, so you're in great hands.
They will help you figure out which kind of loan is best for you, as well as help you get approved.
Step 3 – Start house-hunting
After our initial meeting, I'll begin finding available houses on the market that best suit you.
I'll get a sneak peek of many of the houses and remove the duds, and then we'll set up appointments to view the homes at a time that's convenient for you.
As we view homes, I'll point out positive features and bad ones. And I'll ask you about things you like and don't like.
Oftentimes, buyers update their wish list as we tour homes and some things become far more essential than others.
If such is the case, I'll look through all the listings once again and trim it down to the house you've been waiting for.
Step 4 – Get a grasp of the market
Your agent's awareness of the Lawton market is a crucial factor in your home search. And I can assure you I'm acquainted with all the schools and neighborhoods, and I'll communicate what districts are "hot" and call for immediate action and the ones that are "cold" and allow for careful examination.
As we tour homes, I'll let you know if the seller's list price has room for negotiation or if I believe the house is "priced to sell."
Trust your instincts and make sure you ask your agent lots of questions, as any REALTOR will claim to truly understand the housing market.
If things don't add up, contact me at 580.248.8817 or e-mail me at , and I'll be happy to answer your questions. My market knowledge will keep you 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 the Lawton area, and when we do, I'll meticulously create your purchase offer. The offer will be made to fit your needs and the home. We'll include a lot of contingencies, such as getting financing, carrying out the home inspection, and a clear title.
Upon presenting your purchase offer, most likely you'll want to present "earnest money." This is a cash deposit submitted to the home seller to secure an offer to buy the property, and it's often applied to the cost of closing. If the offer is accepted by the seller, we should close on the home within 30 to 60 days afterward. This allows plenty of time for your mortgage financing.
Step 6 – Negotiate
Unfortunately most deals aren't closed on the initial offer. It's very common to receive a counter offer. Don't let this alarm you. We'll discuss whether or not to accept the counter offer, propose our own counter offer, or reject the seller's offer and go on.
The state of the market will play a role in 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 – Get financing
Upon finalizing the deal, you'll start working with your lender to close the loan.
If you're already pre-qualified, it shouldn't be a long process at all, but you should to stay in close contact with your lender.
And I'll take care of all the property information your lender needs to close the loan.
Step 8 – Close the deal
Your mortgage lender will send you a Loan Estimate (LE) detailing your closing costs within three days of getting your loan application. You'll get a Loan Estimate (LE) detailing closing costs from your lender within three days of taking your loan application.
The estimate depends on the loan amount, and RESPA requirements dictate 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 everything looks okay.
Then it's time to close on your home. This will probably happen at a title company or escrow office and will most often be a smooth and calm event.
Step 9 – Move in
Congratulations! Now you can move into your new home. Enjoy it. And if you need anything, be sure to contact me at 580.248.8817 or e-mail me at .