Are you contemplating purchasing a new home in Oklahoma City? Metro Properties can help.

With some planning ahead of time, buying a home isn't very difficult, but it still intimidates many people. So you'll understand exactly what to expect, we like to give our buyers a road map of the entire deal. Below are our nine steps to purchasing a home.

When you're ready to get started, just contact us here or send us e-mail. We're happy to answer any questions you have about this information.

Step 1 – Get ready to purchase a home
Before you commence your home search, there are many things you need to contemplate. When you begin your search, you'll want to create a list of items you need to have, plan for what neighborhoods you want to live in, and begin working on your budget. A good guideline to go by is that your mortgage payment should be less than 30 percent of your net monthly income.

Step 2 – Get with a real estate agent
This is where Metro Properties can help. We'd be happy to set up a time to get together with you and communicate with you regarding why you want to buy a home and get an idea of your upcoming plans. We'll talk about neighborhoods, school districts in the Oklahoma City area, the mortgage industry, and any other economic factors that may affect your buying decision today or in the future.

We'll also help you begin the loan process. We partner with some of Oklahoma City's best mortgage professionals, so you're in great hands. They'll help you determine which type of loan is best for you, as well as help you get approved.

Step 3 – Begin looking for a house
After our initial meeting, we'll start looking for available homes on the market that meet your needs. We'll preview many of the houses and throw out the bad ones, and then we'll schedule appointments to tour the houses whenever it's most convenient for you.

As we view the homes, we'll call attention to positive features, as well as negative ones. And we'll ask you to talk about things you like and dislike. It's common for buyers to update their list of must-haves as we tour homes and some features become more important than others. If that happens, we'll search the listings once again and narrow it down to the house you've been dreaming about.

Step 4 – Get a grasp of the market
Our knowledge of the Oklahoma City housing market is a necessary resource in your search. We're informed of all the schools and neighborhoods, and we'll will alert you to some neighborhoods are "hot" and call for immediate action and the others that are "cold" and allow for careful examination.

When we tour homes, we'll be sure to tell you if the list price has room for negotiation or if we believe the house is "priced to sell." Be careful and make sure you ask plenty of questions, as any REALTOR® will tell you they know the market. If it doesn't seem like they know everything, call us at 111-111-1111 or e-mail us at, and we'd be happy to answer your questions. Our market knowledge will help you stay a step above the rest throughout the entire process.

Step 5 – Find the house you've been looking for
We know we'll find your dream home in Oklahoma City. When that happens, we'll precisely create your purchase offer. The offer will be tailored to suit your needs, including many contingencies, such as getting financing, completing the inspection, and a clean title.

Let Metro Properties guide you through finding your dream home in Oklahoma City Upon submitting your purchase offer, most likely you'll want to submit "earnest money." This is a cash deposit submitted to the home seller to secure the offer to purchase the property and is often put towards the cost of closing. If the offer is accepted by the seller, we should close on the home about 30 to 60 days after. This allows plenty of time for your mortgage financing.

Step 6 – Negotiate
A lot of deals don't close on the beginning offer. It's pretty common to receive a counter offer. Don't let this discourage you. We'll figure out whether or not to take the counter offer, present our own counter offer, or decline the seller's offer and move on.

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

Step 7 – Secure a loan
Once we sign the final sales contract, you'll start working with your lender to close the loan. This shouldn't be a long process at all if you're pre-approved, but you should to stay in close contact with your lender. And we'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 Loan Estimate (LE) of closing costs from your mortgage lender within three days of accepting your application. The estimate rests on the loan amount. RESPA requirements mandate that it has to involve all closing costs and be within a strict range of accuracy, and we'll examine the estimate and let you know if everything looks okay.

Then we'll close on your home. This should happen at a title company or escrow office and is often a smooth and easygoing event.

Step 9 – Move in
Success! Now you can move into your new home. Enjoy it. And if you need anything, be sure to call us at 111-111-1111 or send us an e-mail.

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