Buying or selling a home in Lawton?
Purchasing a home intimidates most people, but with some planning ahead of time, it's not very complex.
I like to provide buyers with an overview of the entire deal so they understand exactly what they can expect.
Below are my nine steps to buying a home.
When you're ready to get started, simply contact me here or e-mail me at . I'm glad to address any questions you have regarding this information.
Step 1 – Prepare to buy a home
Before you start searching for a home, there are plenty of things you need to contemplate.
It's likely that you'll want to form an index of items you need, get a plan of what school districts and neighborhoods you'd like to live in, and start planning around your budget.
Keeping your mortgage payment less than or close to a third of your monthly income is a good rule of thumb to go by.
Step 2 – Speak with a real estate agent
This is where I come in.
We'll arrange 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 Lawton area, the mortgage industry, and any additional economic factors that might affect your purchase today or in the future.
In addition, I'll help you begin the loan process.
Sasseen Realty Group at Remax Professionals partners with some of the finest mortgage professionals in Lawton, so you can rest assured that you're in great hands.
They'll help you decide which kind of loan is best for you, as well as help you get qualified.
Step 3 – Begin your search
After our initial meeting, I'll begin looking for available homes on the market that meet your needs.
I'll research many of the homes and exclude the duds, and then we'll schedule appointments to view the homes whenever it's convenient for you.
When we tour houses, I'll identify good features, as well as bad ones. I'll even ask you to talk about things you like and don't like.
Frequently, buyers change their list of must-haves as we tour houses and some features become far more substantial than others.
If that's the situation, I'll look through the listings another time and trim it down to the home of your dreams.
Step 4 – Get a grasp of the housing market
Your agent's awareness of the Lawton housing market is a fundamental element in your home search. And I assure you I'm familiar with all the neighborhoods and schools, and I will alert you to some neighborhoods are "hot" and require immediate action and some that are "cool" and allow for more analysis.
As we view houses, I'll make sure to communicate when the list price has room for bargaining and also when I believe the house is "priced to sell."
When working with an agent, trust your instincts and be sure to ask a lot of questions. Every real estate agent in Lawton will convince you they know the market.
If things don't add up, call me at 580.248.8817 or e-mail me at , and I'd be glad to answer any questions you 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 looking for
We'll find your dream home in Lawton, and when that happens, I'll thoroughly develop your purchase offer. The offer will be tailored keeping your needs in mind and the home, including a lot of contingencies. A few examples are acquiring financing, finishing the inspection, and a clean title.
When we send in your offer, you'll probably want to submit "earnest money." This is a cash deposit given to the home seller to secure the offer to buy the property, and it's typically applied to the closing costs. If the offer is accepted, we should close on the property about 30 to 60 days after. This allows plenty of time for your mortgage financing.
Step 6 – Negotiate
Most deals aren't closed on the beginning offer, and it's widely common to receive a counter offer. Don't let this alarm you. We'll discuss whether or not to accept the counter offer, submit our own counter offer, or refuse 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 budget. And when it's all said and done, we'll assemble a deal that is best for you.
Step 7 – Secure financing
After the contract is finalized, you'll start working with your mortgage lender to close the loan.
If you've been pre-qualified, this shouldn't take much time at all. But you need to keep in close contact with your mortgage lender.
And I'll handle all the property information your lender needs to close the loan.
Step 8 – Close the deal
You'll get a Loan Estimate (LE) outlining your closing costs from your mortgage 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 strict 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 probably take place at a title company or escrow office and should be a smooth and easygoing event.
Step 9 – Move in
Congratulations! Now you can move into your new home. Enjoy it. And if you need anything, simply call me at 580.248.8817 or e-mail me at .