Buying or selling a  TEXOMA home?

With some up-front planning, buying a TEXOMA home isn't all that confusing, but the event can be stressful for many people. So you understand exactly what to expect, I like to provide my buyers with an outline of the whole deal. These are my nine steps to purchasing a home.

Step 1 – Prepare to buy
Prior to beginning your TEXOMA  home search, there are several things you'll want to consider. When you start your search, you'll want to put together a check list of features you need, get an idea of what TEXOMA neighborhoods you want to live in, and start working on your budget. Ensuring your mortgage payment is less than 1/3 of your net monthly income is a good principle to follow.

Step 2 – Communicate with a real estate agent
This is where TLF PROPERTIES INC comes in. We can arrange a time to get together so we can talk about why you want to buy a TEXOMA home and get an idea of your upcoming plans. We'll discuss everything from  TEXOMA neighborhoods, schools in the TEXOMA area, the mortgage industry, to any other economic factors that could affect your purchase today or in the future.

I can also assist you with getting started on your loan. There are some great mortgage professionals in TEXOMA, and I work with a lot of them, so you'll be in great hands. They will assist you in determining which type of loan is best for you and help you get approved.

Step 3 – Start house-hunting
After our first meeting, I'll begin searching for  TEXOMA houses on the market that suit your needs. I'll preview most of the TEXOMA  homes and eliminate the duds, and then we'll book appointments to view the TEXOMA houses at a time that's convenient for you.

When we tour the TEXOMA homes, I'll identify positive features, as well as bad ones. And I'll ask you to talk about things you like and dislike. It's pretty common for buyers to revise their must-have list as we view  TEXOMA houses and some items become far more necessary than others. If that happens, I'll go back through the listings once more and trim it down to the TEXOMA house of your dreams.

Step 4 – Get a feel for the market
My knowledge of the TEXOMA housing market is a fundamental asset in your search. I am conscious of all the  TEXOMA neighborhoods and school districts, and I'll alert you to what neighborhoods are "hot" and call for prompt action and some that are "cold" and allow for cautiousness.

When we tour TEXOMA homes, I'll let you know if the list price has room for negotiation or if I believe theTEXOMA house is "priced to sell." Every REALTOR^® will claim to know the TEXOMA housing market, but be on guard, and make sure you ask your  TEXOMA agent a lot of questions. If things don't add up, just call me at 9035645911 or e-mail me at LAURA@GreaterTexoma.com, and I'd be more than happy to answer any questions you may have. My  TEXOMA market expertise will keep you a step above the rest throughout the entire deal.

Step 5 – Find your dream home
We'll find the  home of your dreams in the TEXOMA area, and when we do, I'll meticulously develop your TEXOMA real estate purchase offer. The offer will be written keeping your needs in mind. Whenever necessary, I never forget to make contracts contingent upon items like obtaining financing and the results of the home inspection.

Upon presenting your offer, you'll likely need to present "earnest money." This is a cash deposit submitted to a  TEXOMAhome seller to secure an offer to purchase the property and is often applied to the cost of closing. If the offer is accepted, we should close on the property within 30 to 60 days after. This allows sufficient time for your mortgage financing.

Step 6 – Negotiate the deal
Most deals don't close on the beginning offer. It's really common to receive a counter offer. Don't let it discourage you. We'll discuss whether or not to consent to the counter offer, propose our own counter offer, or reject the seller's offer and go on.

Market circumstances will play a role in how aggressively we negotiate the deal. In addition, we'll work within your financing constraints. And when it's all said and done, we'll put together a deal that is best for you.

Step 7 – Obtain your loan
Upon finalizing the deal, you'll start working with your TEXOMA lender to close the loan. If you've been pre-approved, this won't be a long process at all. But you need to stay in close contact with your mortgage lender. And I'll handle all the property information your lender will need to close the loan.

Step 8 – Close the deal
Your lender will supply you with a Good Faith Estimate (GFE) detailing closing costs within three days of getting your application. You'll get a Good Faith Estimate (GFE) detailing your closing costs from your mortgage lender within three days of taking your application. The estimate is based on the loan amount. RESPA requirements order that it has to involve all closing costs and be within a tight range of accuracy, and I'll study the estimate and let you know if everything looks adequate.

Then it's time to close on your TEXOMA house. This will likely happen at a title company or escrow office and will probably be a smooth and comfortable affair.

Step 9 – Move in
Success! It's time to move into your new  TEXOMA home. Enjoy it. And if you need anything or have any questions, just call me at 903-564-5911, (855-483-9662)