Purchasing a home in Piedmont?

Purchasing a home is intimidating for many people. However, with a bit of up-front planning, it's not very complex. I like to give buyers an overview of the whole deal so they understand exactly what to expect. Here are my nine steps to buying a home. Should you have questions about any of this information or if you're ready to get started, you can contact me here or e-mail me at .

Step 1 – Get ready to purchase
There are many things you'll want to take into account before you search for a home. When you begin your search, you'll probably want to form a list of items you want to have, get a feeling for what school districts you'd like to live in, and begin planning your budget. A good guideline to adhere to is that your mortgage payment should be close to 30 percent of your net monthly income.

Step 2 – Speak with a real estate agent
This is where Piedmont Realty Inc comes in. I'd love to arrange a time to get together with you and communicate with you regarding your real estate needs and get an idea of your plans for the future. We'll talk about everything from neighborhoods, schools in the Piedmont area, the mortgage and housing industries, to any other economic factors that may affect your buying decision today or in the future.

I'll also help you get started on your loan. There are some very good mortgage professionals in Piedmont, and I partner with a lot of them, so you're in great hands. They'll assist you in choosing which type of loan is best for you and help you get approved.

Step 3 – Start house hunting
Following our initial meeting, I'll begin looking for available houses on the market that best suit you. I'll preview most of the homes and reject the duds, and then we'll book appointments to tour the houses when it's most convenient for you.

When we view the homes, I'll call attention to positive features and bad ones. And I'll ask you what things you like and dislike. Generally, buyers revise their wish list as we tour houses and some things become far more important than others. If such is the case, I'll go back through the listings one more time and trim it down to the home you've been wishing for.

Step 4 – Know the housing market
My knowledge of the Piedmont housing market is a fundamental aspect in your house search. I'm familiar with all the neighborhoods and school districts, and I can let you know which districts are "hot" and require prompt action and others that are "cold" and allow for thoughtful consideration.

When we tour homes, I'll let you know if the list price has room for bargaining or if I believe the house is "priced to sell." Every REALTOR will claim to truly know the market, but be careful, and be sure to ask a lot of questions. If things don't add up, contact me at 405-373-3970 or e-mail me at , and I'd be glad to answer your questions. My knowledge of the market will keep you a step ahead throughout the entire deal.

Step 5 – Find your dream house
We'll find your dream house in the Piedmont area, and when that happens, I'll thoroughly create your home purchase offer. The offer will be tailored to suit your needs and the home, including a lot of contingencies, such as obtaining financing, finishing the home inspection, and a clear title.

Upon submitting your offer, you'll 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 most often put towards the closing costs. If the seller accepts your offer, we should close on the home about 30 to 60 days afterward. This allows necessary time for your mortgage financing.

Step 6 – Negotiate
Most deals don't close on the initial offer – it's extremely common to receive a counter offer. But don't let this alarm you. We'll talk over whether or not to agree to the counter offer, submit our own counter offer, or decline the seller's offer and move on.

Market conditions will play a large role in how aggressively we negotiate the deal. In addition, we'll work within your budget. And when it's all said and done, we'll put together a deal that works well for you.

Step 7 – Secure a loan
Upon signing the contract, you'll begin working with your lender to close the loan. If you're already pre-qualified, this won't take much time at all. However, you'll need to stay in close contact with your 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) detailing closing costs from your lender within three days of getting 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 precise range of accuracy. I'll examine the estimate and let you know if everything looks all right.

Then we'll close on your home. This will probably happen at a title company or escrow office and is often a smooth and relaxed 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, just contact me at 405-373-3970 or e-mail me at .