Buying or selling a home in Hobart?

Purchasing a home is stressful for most people, but with a bit of up-front planning, it's not too difficult. So you know exactly what to expect, we like to supply our buyers with an overview of the whole deal. Below are our nine steps to purchasing a home.

If you have any questions regarding this information or if you're prepared to get started, simply contact us here or send e-mail to

Step 1 – Get ready to buy a home
Before you start searching for a home, there are plenty of things you should take into account. When you begin your search, you'll probably want to put together an outline of must-haves, get a plan of what school districts and neighborhoods you'd like to live in, and begin working on your budget. Ensuring your mortgage payment is less than or close to a third of your net monthly income is a good guideline to follow.

Step 2 – Communicate with a real estate agent in Hobart
This is where we can help. We can set up a time to meet so we can talk about your real estate needs and get an idea of your future plans. We'll talk about neighborhoods, school districts in the Hobart area, the mortgage industry, and any other economic factors that could affect your purchase today or in the future.

We'll also help you begin the loan process. There are some very good mortgage professionals in Hobart, and we work with a lot of them, so you're in great hands. They can help you figure out which type of loan is best for you, as well as help you get qualified.

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

As we tour the houses, we'll point out good features and negative ones. we'll also ask you to tell us about things you like and dislike. It's common for buyers to change their list of must-haves as we tour homes and some items become more crucial than others. If that's the case, we'll search all the listings again and trim it down to the house you've been dreaming about.

Step 4 – Get a feel for the housing market
Our knowledge of the Hobart housing market is an indispensable resource in your home search. We are acquainted with all the neighborhoods and schools, and we will let you know which areas are "hot" and call for prompt action and the others that are "cool" and allow for careful examination.

As we tour houses, we'll let you know when the asking price has room for bargaining and when we trust the home is "priced to sell." When working with an agent, be mindful and make sure you ask lots of questions. Any real estate agent in Hobart will claim to comprehend the housing market. If it doesn't seem like they know everything, contact us at or e-mail us at, and we'll be happy to answer any questions you have. Our knowledge of the market will keep you a step ahead through the entire deal.

Step 5 – Find the home you've been looking for
We're certain we'll find your dream house in Hobart. When that happens, we'll carefully develop your purchase offer. The offer will be tailored with your needs in mind, including several contingencies. A few examples are acquiring financing, carrying out the inspection, and a clean title.

Let Russ Real Estate and Land Sales guide you through finding your dream home in Hobart When we present your purchase offer, you'll probably want to submit "earnest money." This is a cash deposit made to a seller to secure an offer to buy the property. The amount is typically applied to the closing costs. If the offer is accepted by the seller, we should close about 30 to 60 days afterward. This allows ample time for your mortgage financing.

Step 6 – Negotiate
A lot of deals aren't closed 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 accept the counter offer, propose our own counter offer, or refuse the seller's offer and go on.

Market circumstances determine how aggressively we negotiate the deal. In addition, we'll work within your financing budget. And at the end of the day, we'll assemble a deal that is best for you.

Step 7 – Secure financing
Upon finalizing the contract, you'll start working with your mortgage lender to close the loan. This shouldn't be a long process at all if you're pre-qualified, but you should to stay in close contact with your mortgage lender. And we'll sort out all the property information your lender needs to close the loan.>

Step 8 – Close the deal
You'll get a Loan Estimate (LE) detailing your closing costs from your mortgage lender within three days of receiving your application. The estimate depends 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 study the estimate and let you know if everything looks good.

Then it's time to close on your house. This will most often occur at a title company or escrow office and is often a smooth and stress-free occasion.

Step 9 – Move in
Congratulations! It's time to move into your new house. Enjoy it. And if you need anything or have any questions, be sure to call us at or send us an e-mail.

Russ Real Estate and Land Sales

Russ Real Estate LLC

1030 S. Broadway Ave
Hobart, Oklahoma 73651