Buying or selling a home in Lawton? Sasseen Realty Group at Remax Professionals can help.
Purchasing a home intimidates most people, but it isn't all that confusing with a little planning ahead of time.
I like to give buyers an outline of the whole deal so they'll know exactly what they can expect.
These are my nine steps to purchasing a home.
If you have any questions regarding any of this information or if you're prepared to get started, you can contact me here or e-mail me at .
Step 1 – Get ready to buy
There are a lot of things you'll want to consider prior to commencing your home search.
It's likely that you'll want to put together a check list of features you need to have, get an idea of what neighborhoods and school districts you'd like to live in, and begin working on your budget.
A good rule of thumb to adhere to is that your mortgage payment should be less than or around 1/3 of your net monthly income.
Step 2 – Speak with a real estate agent in Lawton
This is where I come in.
We'll schedule a time to get together so we can talk about your real estate needs and get an idea of your plans for the future.
We'll talk about everything from neighborhoods, school districts 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 very good mortgage professionals in Lawton, and I work with a lot of them, so you're in great hands.
They can help you choose which kind of loan is best for you, as well as help you get qualified.
Step 3 – Start looking for a home
After we meet, I'll start finding available homes on the market that are great for you.
I'll preview many of the homes and eliminate the duds, and then we'll schedule appointments to view the houses whenever it's most convenient for you.
When we tour the houses, I'll call attention to positive features, as well as negative ones. I'll even ask you to tell us about things you like and don't like.
As a rule, buyers update their list of must-haves as we view homes and some items become far more substantial than others.
If that's the situation, I'll search the listings another time and narrow it down to the home you've been wishing for.
Step 4 – Get a grasp of the housing market
An agent's understanding of the Lawton home market is a leading component in your home search. And I assure you I'm familiar with all the neighborhoods and school districts, and I will alert you to certain neighborhoods are "hot" and demand immediate action and others that are "cool" and allow for thoughtful analysis.
As we view homes, I'll let you know when the list price has room for negotiation and also when I believe the house is "priced to sell."
Every real estate agent in Lawton will tell you they understand the home market, but take note, and be sure to ask your agent lots of questions.
If things don't add up, call me at 580.248.8817 or e-mail me at , and I'd be more than happy to answer any questions you have. My market expertise will help you stay a step ahead throughout the entire process.
Step 5 – Find your dream house
I'm positive we'll find the home of your dreams in Lawton. When we do, I'll thoroughly create your home purchase offer. The offer will be made to fit your needs and the home. We'll include a lot of contingencies, such as acquiring financing, finishing the inspection, and a clean title.
When turning in your offer, most likely you'll want to present "earnest money." This is a cash deposit made to a seller to secure the offer to buy the property and is usually put towards the cost of closing. If the seller accepts the offer, we should close on the home about 30 to 60 days after. This allows necessary time for your mortgage financing.
Step 6 – Negotiate the deal
A lot of deals aren't closed on the beginning offer. It's very common to receive a counter offer. Don't let it discourage you. We'll discuss whether or not to take the counter offer, propose our own counter offer, or decline the seller's offer and go on.
Market circumstances determine how aggressively we negotiate the contract.
We'll also work within your financing constraints. And at the end of the day, we'll assemble a contract that's best for you.
Step 7 – Obtain your loan
Upon signing the contract, you'll start working with your mortgage lender to close the loan.
It shouldn't take much time at all if you're already pre-qualified, but you should to stay in close contact with your mortgage lender.
And I'll handle all the property information your mortgage lender needs to close the loan.
Step 8 – Close the deal
You'll get a Good Faith Estimate (GFE) of closing costs from your lender within three days of getting your loan application.
This estimate is formed from the loan amount. RESPA requirements order that it has to contain all closing costs and be within a narrow range of accuracy, and I'll examine the estimate and let you know if everything looks adequate.
Then we'll close on your house. This will probably occur at a title company or escrow office and is often a smooth and peaceful occurrence.
Step 9 – Move in
Congratulations! Now you can move into your new home. Enjoy it. And if you need anything or have any questions, be sure to contact me at 580.248.8817 or e-mail me at .