Buying or selling a home in Edmond? Dreams Do Come True can help.

Buying a home is an intimidating event for most people. However, with a bit of planning ahead of time, it's not very difficult. I like to give buyers an outline of the whole deal so they'll know exactly what to expect. Below are my nine steps to purchasing a home.

If you have any questions regarding any of this information or if you're ready to get started, you can contact me here or send e-mail to rick@youredmondhome.com.


Step 1 – Prepare to purchase a home
There are plenty of things you should do before starting your home search. You'll probably want to create a list of must-have features, get an idea of what neighborhoods you want to live in, and begin planning your budget. A good guideline to go by is that your mortgage payment should be close to 30 percent of your monthly income.

Step 2 – Communicate with a real estate agent in Edmond
This is where Dreams Do Come True comes in. I'll plan a time to get together so we can talk about your real estate needs and get an idea of your future plans. We'll discuss everything from neighborhoods, schools in the Edmond area, the mortgage and housing industries, to any other economic factors that may potentially affect your purchase today or in the future.

I can also help you begin the loan process. There are some very good mortgage professionals in Edmond, and I work with a lot of them, so you can rest assured that you're in great hands. They can assist you with figuring out which type of loan is best for you and help you get approved.

Step 3 – Begin your search
After we meet for the first time, I'll begin looking for homes on the market that are a great fit for you. I'll preview many of the homes and ignore the bad ones, and then we'll schedule appointments to view the houses at a time that's convenient for you.

When we tour homes, I'll call attention to positive features and negative ones. I'll even ask you about things you like and dislike. It's pretty common for buyers to revise their list of must-haves as we tour houses and some features become far more crucial than others. If that's the case, I'll go back through all the listings once more and narrow it down to the house you've been wishing for.

Step 4 – Know the market
My understanding of the Edmond market is a fundamental asset in your home search. I am familiar with all the neighborhoods and school districts, and I can let you know what areas are "hot" and demand prompt action and the ones that are "cool" and allow for careful analysis.

As we view houses, I'll make sure to communicate when the asking price has room for negotiation and when I believe the home is "priced to sell." Any REALTOR® will claim to know the housing market, but beware, and make sure you ask lots of questions. If it doesn't seem like they know everything, call me at 4058268599 or e-mail me at rick@youredmondhome.com, and I'll be more than happy to answer any questions you may have. My market expertise will help you stay a step above the rest throughout the entire deal.

Step 5 – Find the home of your dreams
I know we'll find your dream house in Edmond. When that happens, I'll carefully develop your real estate purchase offer. The offer will be tailored exactly to your needs, including a lot of contingencies, such as obtaining financing, carrying out the inspection, and a clean title.

Let Dreams Do Come True guide you through finding your dream home in Edmond When we present your purchase offer, most likely you'll need to submit "earnest money." This is a cash deposit submitted to a seller to secure the offer to purchase the property and is often applied to the cost of closing. If the seller accepts your offer, we should close within 30 to 60 days after. This allows plenty of time for your mortgage financing.

Step 6 – Negotiate
Unfortunately most deals don't close on the beginning offer, and it's really common to receive a counter offer. Don't let it discourage you. We'll discuss whether or not to accept the counter offer, propose our own counter offer, or decline the seller's offer and move on.

Market conditions determine how aggressively we negotiate the deal. In addition, we'll work within your financing limits. And at the end of the day, we'll assemble a deal that is best for you.

Step 7 – Obtain your loan
After the contract is finished, you'll begin working with your lender to close the loan. If you're already pre-qualified, this shouldn't take very long at all. However, you'll need to stay in close contact with your mortgage lender. And I'll take care of all the property information your lender will need to close the loan.

Step 8 – Close the deal
You'll get a Good Faith Estimate (GFE) detailing closing costs from your lender within three days of accepting your application. This estimate is formed from the loan amount, and RESPA requirements order that it has to involve all closing costs and fall within a close range of accuracy. I'll go over the estimate and let you know if everything looks good.

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

Step 9 – Move in
Congratulations! Now you can move into your new home. Enjoy it. And if you need anything, be sure to call me at 4058268599 or send me an e-mail.