Buying or selling a home in Lawton? Sasseen Realty Group at Remax Professionals can help.
For many people, buying a home is a stressful event. But with a bit of up-front planning, it isn't too confusing.
I like to supply buyers with a road map of the entire deal so they know exactly what to expect.
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 any questions you have regarding this information.
Step 1 – Get ready to purchase a home
There are many things you need to do before starting your home search.
You'll most likely want to put together an outline of items you need, get a feeling for what neighborhoods and school districts you want to live in, and start planning around your budget.
Ensuring your mortgage payment is less than or close to 30 percent of your net monthly income is a good guideline to follow.
Step 2 – Talk to a real estate agent
That's where I come in.
I'd like to schedule a time to meet with you and communicate with you regarding why you want to buy a home and get an idea of your future plans.
We'll talk about neighborhoods, schools in the Lawton area, the mortgage and housing industries, and any additional economic factors that could affect your purchase today or in the future.
I can also help you begin the loan process.
Sasseen Realty Group at Remax Professionals partners with some of Lawton's finest mortgage professionals, so you'll be in great hands.
They'll assist you with determining which type of loan is best for you and help you get qualified.
Step 3 – Begin house hunting
After we meet for the first time, I'll begin searching for available homes on the market that are a good fit for you.
I'll research many of the houses and throw out the bad ones, and then we'll book appointments to tour the homes whenever it's most convenient for you.
When we tour the homes, I'll identify positive features and negative ones. I'll also ask you to point out what things you like and don't like.
Oftentimes, buyers revise their list of must-haves as we tour homes and some things become more necessary than others.
If that's the case, I'll search the listings once again and trim it down to the house of your dreams.
Step 4 – Understand the housing market
My awareness of the Lawton housing market is a crucial component in your home search. I'm mindful of all the neighborhoods and school districts, and I'll communicate which areas are "hot" and require prompt action and others that are "cool" and allow for more examination.
As we view homes, I'll let you know if the asking price has room for negotiation or if I believe the house is "priced to sell."
When working with an agent, be on guard and make sure you ask a lot of questions. Any REALTOR in Lawton will convince you they know the market.
If things don't add up, just call me at 580.248.8817 or e-mail me at , and I'd be happy to answer any questions you might have. My knowledge of the market will help you stay a step ahead through the entire process.
Step 5 – Find the home you've been waiting for
I know we'll find your dream house in the Lawton area. When that happens, I'll thoroughly develop your real estate purchase offer. The offer will be made to suit your needs and the home. We'll include a lot of contingencies, such as acquiring financing, finishing the home inspection, and a clean title.
When we present your offer, you'll likely need to present "earnest money." This is a cash deposit made to the home seller to secure the offer to buy the property. The amount is most often applied to the closing costs. If the seller accepts the offer, we should close on the property about 30 to 60 days after. This allows ample time for your mortgage financing.
Step 6 – Negotiate
Most deals don't close on the first offer – it's widely common to receive a counter offer. But don't let it discourage you. We'll figure out whether or not to take the counter offer, submit our own counter offer, or reject the seller's offer and go on.
Market conditions determine how aggressively we negotiate the contract.
In addition, we'll work within your budget. And at the end of the day, we'll assemble a deal that works well for you.
Step 7 – Get financing
Upon finalizing the deal, you'll begin working with your mortgage lender to close the loan.
It shouldn't be a long process at all if you're pre-qualified, but you need to stay in close contact with your mortgage lender.
And I'll handle 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) of closing costs from your lender within three days of taking your loan application.
The estimate is based on the loan amount. RESPA requirements dictate that it has to contain all closing costs and be within a tight range of accuracy, and I'll study the estimate and let you know if everything looks okay.
Then we'll close on your home. This will likely take place at a title company or escrow office and should be a smooth and easygoing event.
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, simply contact me at 580.248.8817 or e-mail me at .