Home Buying Tips

If you're planning to finance your home, getting pre-approved for a mortgage is the first and most important step. It’s a quick process that shows you’re a serious buyer and may be required before viewing homes or making offers.

A pre-approval letter tells you how much you can afford, helping you focus your search on homes for sale in Stillwater, OK that fit your budget. Your lender will also explain the financial requirements, including:

• Down payment amounts
• Closing costs
• Potential grant or down payment assistance programs
• Credit improvement plans (if needed)

Yes! Many homeowners use the equity in their current home to help finance their next one. This often involves making your new home purchase contingent on the sale of your current home, with both closings happening on the same day (known as "back-to-back closings").
Ann Morgan will guide you step-by-step through this process for a seamless experience.

Searching for a home is exciting—but staying focused is key. Make a clear list of your must-have features versus your nice-to-have upgrades.
Remember: paint can be changed and fences can be added. Focus on layout, location, and major items from your “needs” list.

When you find the right home, timing is crucial. Ann is available after traditional business hours to help you act fast.
Be prepared to write an earnest money check and begin the offer process. Ann's experience in competitive negotiations can give you an edge in securing your dream home.

Earnest money shows the seller you’re committed. It’s typically 1% of the purchase price and is held in the buyer’s broker’s trust account until closing.
This deposit gives the seller confidence to take the home off the market while the transaction moves forward.

Once your offer is accepted, Ann will walk you through each next step, including:

• Home inspection
• Homeowners insurance quote
• Lender orders an appraisal
• Loan approval & commitment
• Negotiating repairs
• Additional inspections (if needed)
• Attorney/title review
• Survey 

As your closing date approaches, make arrangements to:

• Schedule utility transfers for your new home (electric, gas, water, internet)
• Update your mailing address
• Coordinate your moving day timeline

At closing, you’ll sign the final paperwork and officially become the homeowner. Bring:

• A state-issued photo ID
• Any required certified funds
• Expect to spend about 1 hour at your selected closing company

Whether you're buying your first home or your forever home, Ann Morgan provides expert guidance and personalized service every step of the way.