How to buy a Home in Oklahoma
Buying a home is not as easy as ordering on amazon, but it certainly is not as hard as learning a new musical instrument. There are a few steps that need to be taken to make sure the process goes nice and smooth.
Secure Funding - Getting together how you will pay for the home and how much home you can afford is the first process. If you paying cash you will want to get together a statement from your bank or other proof of funds so you can provide that info later with your offer. If your not fortunate enough to pay cash for your home or wish to save that hard earned dollar for something else you will want to look into getting a home loan. This starts by reaching out to a lender to begin the process to see if you qualify for a home loan. To get a rough idea of what price of home you might be able to afford you can use zillow's home price calculator.
Get a good Realtor- A good Realtor will provide you instant access to hundreds of properties in the area. They also can provide local knowledge and other hard to find information. The best part is it costs you nothing to work with a Realtor as a buyer. Oh and think you will get a better deal with out a Realtor? Studies have shown buyers who don't use a realtor on average pay more for a property than those with an agent that is representing their best interests. 10-20% of the home sales annually occur without the aid of a realtor, so if your still set on buying without a Realtor here are top tips for buying without a Agent.
Finding a home- So you found the home you were looking for, what next? You will make an offer, if the seller accepts your offer you will have the first week or so (depends on what’s in the contract) to inspect the home for defects. This usually is done by a 3rd party home inspecting service. This fee usually runs from $250 and up depending on square foot size of the home. After inspections are done and you still wish to purchase the home the appraiser will be sent out to make sure the home is at least worth what you are wanting to pay for it, this costs about $500 and is required on about 95% of all home loans.
Closing the home - If everything is good up until this point, you will proceed to close the home. Usually this is done at a closing company. This is the process of signing all the sale documents and transferring the title/deed of the home into you name and at the end you will get the keys to your new property. It's a good idea to have your utilities scheduled to be connected before or during this time.