Contemplating buying a home in Oklahoma City?

With a little planning ahead of time, buying a home isn't too hard, but the event is stressful for a lot of people. So they'll understand exactly what they can expect, I will give buyers 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 glad to answer questions you have about this information.

Step 1 – Prepare to buy
Prior to beginning your home search, there are a lot of things you'll want to consider. You'll most likely want to make an outline of features you need, get a feel for what school districts you'd like to live in, and begin working on your budget. Keeping your mortgage payment less than or around a third of your net monthly income is a good principle to adhere to.

Step 2 – Communicate with a real estate agent
This is where FirstPoint Properties comes in. We can set up 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 discuss the mortgage and housing industries, other economic factors that could potentially affect your buying decision today or in the future, as well as neighborhoods and schools in the Oklahoma City area.

I'll also assist you with getting started on your loan. I work with some of Oklahoma City's finest mortgage professionals, so you're in great hands. They'll help you determine which kind of loan is best for you, as well as help you get approved.

Step 3 – Begin looking for a house
After our first meeting, I'll start searching for homes on the market that are a good fit for you. I'll research most of the homes and remove the bad ones, and then we'll book appointments to view the houses whenever it's most convenient for you.

When we tour houses, I'll show you the positive features and negative ones. And I'll ask you to talk about things you like and don't like. It's widely common for buyers to change their must-have list as we view homes and some things become far more substantial than others. If that's the case, I'll go back through all the listings again and trim it down to the home of your dreams.

Step 4 – Understand the market
My awareness of the Oklahoma City market is an imperative component in your house search. I'm acquainted with all the school districts and neighborhoods, and I will let you know what areas are "hot" and require immediate action and others that are "cool" and allow for thoughtful examination.

As we view homes, I'll be sure to tell you when the asking price has room for bargaining and also when I think the home is "priced to sell." When working with an agent, be careful and make sure you ask a lot of questions, as any real estate agent in Oklahoma City will claim to truly know the home market. If things don't add up, call me at 405-737-0100 or e-mail me at , and I'd be glad to answer your questions. My understanding of the market will keep you a step above the rest through the entire deal.

Step 5 – Find the home you've been looking for
We'll find your dream home in the Oklahoma City area, and when we do, I'll meticulously create your purchase offer. The offer will be made to suit your needs and the home. We'll include some contingencies, such as acquiring financing, carrying out the inspection, and a clean title.

When we present your offer, 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 often applied to the cost of closing. If the seller accepts the offer, we should close on the home within 30 to 60 days afterward. This allows ample time for your mortgage financing.

Step 6 – Negotiate the deal
Unfortunately most contracts aren't closed on the initial offer, and it's really common to receive a counter offer. But don't let this discourage you. We'll figure out whether or not to take the counter offer, present our own counter offer, or reject the seller's offer and move on.

How aggressively we negotiate the contract depends on market conditions. In addition, we'll work within your financing budget. And at the end of the day, we'll put together a deal that's best for you.

Step 7 – Obtain financing
Upon finishing the contract, you'll begin working with your mortgage lender to close the loan. This won't be a long process at all if you're already pre-qualified, but you'll want to stay in close contact with your lender. And I'll handle all the property information your lender needs to close the loan.

Step 8 – Close the deal
Your mortgage lender will provide you with a Loan Estimate (LE) of your closing costs within three days of getting your loan application. You'll get a Loan Estimate (LE) detailing your closing costs from your lender within three days of receiving your loan application. This estimate is formed from the loan amount, and RESPA requirements require that it has to include all closing costs and be within a narrow range of accuracy. I'll examine the estimate and let you know if everything looks okay.

Then it's time to close on your home. This will likely occur at a title company or escrow office and will most likely be a smooth and relaxing occasion.

Step 9 – Move in
Congratulations! Now you can move into your new home. Enjoy it. And if you need anything, just call me at 405-737-0100 or e-mail me at .