Step 1: Are You Ready?

Knowledge and experience are the keys to successful real estate transactions. REALTOR.com® contains an enormous amount of valuable information, and such data -- combined with the expertise, experience and training of Oklahoma REALTORS^® -- can be the essential keys to your success.

Do You Know What You Want?

Whether you are a first-time home buyer or entering the marketplace as a repeat buyer, you need to ask why you want to buy. Are you planning to move to a new community due to a lifestyle change, or is buying an option and not a requirement? Whatever your answers, the more you know about the real estate marketplace, the more likely you are to effectively define your goals.

Do You Have The Money?

Homes and financing are closely intertwined. (Financing is the difference between the purchase price and the down payment, commonly referred to as debt or the mortgage.) The good news is that over the years new and innovative loan programs have evolved which require a variety of down payment options. In addition to a down payment, purchasers also need cash for closing costs (the final costs associated with closing the loan).

Is Your Financial House in Order?

You need good credit. For at least one year prior to purchasing a home, you should assure that every credit card bill, rent check, car payment and other debt is paid in full and on time.