Premium Real Estate
Sherry Cochran
Keystone Lake Houses

 
First Time Home Buyer Search

1. Check the selling prices of comparable homes in your area. Do a quick search of actual multiple listing service, or MLS, listings in your area on a number of websites, including the National Association of Realtors.

2. Use Midtown Mortgage calculator to get an idea of what your monthly mortgage payments would be if you bought today.

3. Find out what your total monthly housing cost would be, including taxes and home insurance. In some areas, what you'll pay for your taxes and insurance escrow can almost double your mortgage payment.

RATE SEARCH: Find the best rate on a mortgage today.
To get an idea of what insurance will cost you, pick a property in the area where you want to live and make a call to an insurance agent for an estimate.

4. Find out how much you'll likely pay in closing costs. The upfront cost of settling on your home shouldn't be overlooked. Closing costs include origination fees charged by the lender, title and settlement fees, taxes and prepaid items like homeowners insurance or homeowners' association fees. Check out Midtown Mortgage annual closing cost survey to see what closing costs average in your state.

5. Look at your budget and determine how a house fits into it. Fannie Mae recommends that buyers spend no more than 28 percent of their income on housing. Push past 30 percent and you risk becoming house-poor.

6. Talk to reputable Realtors in your area about the real estate climate. Do they believe prices will continue falling or do they think your area has hit bottom or will rise soon?
7. Look at the big picture. While buying a house is a great way to build wealth, maintaining your investment can be labor-intensive and expensive. When unexpected costs for new appliances, roof repairs and plumbing problems crop up, there's no landlord to turn to, and these costs can quickly drain your bank account.

Prepare for the hunt
If the numbers make sense for you, making these additional moves at the very beginning of the purchase process can save you time, money and aggravation.

8. Examine your credit. Bad credit or the inability to make a substantial down payment can put the End on your home ownership plans. That's why it pays to look at your creditworthiness early in the home buying process.

9. Get your docs in a row. Collect pay stubs, bank account statements, W-2s, tax returns for the past two years, statements from current loans and credit lines, and names and addresses of your landlords for the past two years. Have all of that paperwork ready for the lender. Don't be surprised if your lender wants a lot of documentation.

10. Find lenders and get approved. Getting approved for a mortgage helps you bargain from a position of strength when you are shopping for your home. .

11. If at first you don't succeed, try, try .. The Federal Housing Administration has a program that insures the mortgages of many first-time home buyers. As a bonus, the FHA requires a down payment of only 3.5 percent from first-time home buyers.


 

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Location

Sherry Cochran
100 E Trower Blvd
Mannford, Ok 74044
 

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What my clients are saying  

Working with Sherry was a wonderful experience! Having someone like her on our side truly made our lives so much easier from start to finish of finding our forever home. We can't thank her enough! She made sure to take the time and explain every detail until we knew exactly what was going on and what was next. I highly recommend anyone looking into buying a home to let Sherry be your agent!!!!

 

~ T Taylor

Sherry was great at keeping us moving forward during the entire process. She even helped my brother and his wife get their place also almost immediately after getting ours. She was quick to answer and questions or concerns we had. Also very thoughtful, with housewarming gifts and even dropping by a few cute pumpkins on Halloween. Very personable!

 

~ M. Carter

I enjoyed working with Sherry. Sherry is very professional and very helpful after I bought the house. She walked me through the property explaining things that I need to address.

 

~ J Swick

Sherry sold our house in a very timely fashion, would use again if purchasing a home in the area. She is knowledgeable and has a great work ethic, you won't be disappointed.

 

~ West Port Client

Sherry's assistance and extreme willingness to help was so very appreciated. This was a sensitive and stressful situation and she made the entire process so much easier. Her continual kindness and professionalism will always be remembered. V Tate

 

~ Vicki tate

Sherry answered every question and responded to every phone call.She went above and beyond my expectations.

 

~ Ron King

JUST WANTED TO THANK YOU FOR ALL YOUR HARD WORK.......GETTING THIS PROPERTY SOLD.......YOU HAVE BEEN SUCH A TIRELESS WORKER.......NOT LETTING THE WEATHER OR EVEN HOLIDAYS STOP YOU FROM HELPING ME FIND SOMEONE WHO WOULD LOVE THE PLACE THE WAY MY FATHER AND STEP MOTHER DID............AND BELIEVE ME I APPRECIATE EVERY MINUTE OF YOUR TIME........THANK YOU SO VERY MUCH ........WILL MISS OUR "TALKS"......IF YOU EVER GET UP TO THIS "NECK OF THE WOODS" BE SURE AND GET IN TOUCH.......(I LIVE NEAR GETTYSBURG......HARRISBURG AREA) I OWE YOU A GREAT BIG STEAK DINNER......... FONDLY

 

~ Pat Tresler

Sherry was very Informative when we asked questions and if she did not have the answer she found someone that did. I recommend her if you are looking for a Realtor.

 

~ Donna Kramp

Sherry is just wonderful in every way. She helped my husband and I and our three boys find the perfect house. Her patience with us and knowledge of the area were priceless to us. We are in the house of our dreams and could not be more happy. We recommend her to anyone looking to sell or purchase a home

 

~ Tamri Savage

Sherry assisted my husband and I on buying our first home. She was very patient in answering all out first-time home buyer questions. She was always available by phone or email and responded to questions usually the same day. We purchased a home on the lake, and her expertise of the area and knowledge of construction methods were very helpful

 

~ Matt

I want to Thank you for all of your work. Ms Neely called today and we had a great finance session. When we get ready, you will be my first call.I really appreciate you. You are a great agent and a great person. So when you relax tonight, smile because someone out there really thinks you are the best. Thanks again Rick

 

~ Rick McDaniel

Hey Sherry, You are the best! Thanks so much! D

 

~ Debbie Marks

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