The Stillwater market is usually very strong from mid-February until July. We have alot of families that come and go on the university schedule. If you can schedule a house hunting trip toward the end of March you would see a great selection of homes on the market before they get picked over. If you find one you really like then you could ask for a closing date for the end of June or July. Alot of families prefer to move during the summer. Your price range will buy you a wonderful house. You are right in that median price range and there are a number of housing additions that will have homes in your price range.
As you have time you might go to Realtor.com and put Stillwater, Oklahoma in as the location and that pulls up all the houses currently on the multi-list system. This will give you a feel for the market and you will see homes as they come on the market. You can also keep up with houses that go under contract. Another website you can go to is Century21.com and type in Stillwater , Oklahoma and that will also pull up houses in Stillwater. Google will also pull up houses as will Trulia.
Feel free to e-mail me firstname.lastname@example.org and I will send you information about schools and neighborhoods. I would love to show you homes when you come to Stillwater!
Alane LeGrand, Ph.D. , CRS, GRI
Century 21 Global Realtors
Your timing is good as far as looking ahead and researching now. Buying a home is a big commitment and should not be entered into lightly. Making a move from South Carolina to Oklahoma can be filled with hurdles. We can help you get over these.
Fairway Mortgage has our main Oklahoma office located in Stillwater. While I could help you from Tulsa, our Branch Manager, Eric Zanotelli, has the contacts and the years of experience necessary to direct you to the right loan and refer you to the right professionals (Realtors, inspectors, title companies, etc.) to make your move a smooth one. Having someone on the ground in town working for you would be best for you especially since you cannot be in Stillwater on a regular basis. Review our website, http://www.MyFairway.net, to see more about us. You can also give me or Eric a call at 866-628-5363. We can review the timelines to help them work for you best.
You said you wanted to be in your home by the end of July. Can you move your timeline up one month? As a first time home buyer, you are eligible for a tax credit of $7500 on the purchase of your first home. However, you must close by the end of June. That moves you up one month, but it is a significant tax credit. There are repayment provisions on this. Give us a call to go over that.
Call us to tell us more about your situation and needs so that we can tailor your process to meet those needs best.
On the lending side, about 75% of the work to be done on a loan pertains to the borrowers and 25% of the work pertains to the actual property. At Flagstar, credit and loan approvals are good for 6 months and you can lock your rate from anytime between application and obtaining a clear-to-close. I would say that this would be a good time to prequalify simply because you want to know all of the underwriting requirements that pertain to your employment/income just so nothing comes up at the last second. You should be fine for income purposes to show your new job offer letter or, if you are staying with the same company, obtaining a letter from the employer about the opportunity for you to work away from your current location.
By flying through the underwriting process before you even find your property will allow the remainder of the process to take a week or 2 at the most and help you expedite your move even easier. It's already a stressful process, why make it more stressful?
I would be more than happy to help you obtain your financing. I work for one of the nation's leading mortgage lenders and can lend in all 50 states. Please feel free to call me with any questions.
If you need any assistance or a referral to real estate professional in Stillwater call or email us at: