Buying or selling a home? Bill Cox Real Estate can help.

For most people, buying a home can be an intimidating event. However, with a bit of planning ahead of time, it's not all that confusing. We like to give buyers an overview of the whole deal so they understand exactly what they can expect. Below are our nine steps to purchasing a home.

When you're ready to get started, you can contact us here or send an e-mail to wmcox@cwis.net. We are happy to address any questions you have about this information.


Step 1 – Get ready to buy a home
Prior to starting your home search, there are a lot of things you need to take into account. You'll most likely want to put together a list of must-haves, get an idea of what neighborhoods and school districts you'd like to live in, and start planning around your budget. A good rule to adhere to is that your mortgage payment should be less than 1/3 of your net monthly income.

Step 2 – Contact a real estate agent in Stigler
This is where we come in. We can arrange a time to meet so we can talk about why you want to buy a home and get an idea of your future plans. We'll talk about everything from neighborhoods, school districts in the Stigler area, the mortgage and housing industries, to any other economic factors that could potentially affect your buying decision today or in the future.

In addition, we will help you get started on your loan. We partner with some of Stigler's finest mortgage professionals, so you're in great hands. They can assist you in deciding which kind of loan is best for you and help you get qualified.

Step 3 – Start looking
Following our initial meeting, we will start searching for homes on the market that are a great fit for you. We will research most of the homes and reject the duds, and then we'll set up appointments to view the houses at a time that's convenient for you.

As we view the houses, we will show you the positive features as well as negative ones. We will even ask you to talk about things you like and don't like. As a rule, buyers change their list of must-haves as we view homes and some things become far more important than others. If that happens, we will go back through the listings once more and narrow it down to the home you've been dreaming about.

Step 4 – Get a feel for the housing market
Our understanding of the Stigler market is a fundamental resource in your home search. We are very acquainted with all the neighborhoods and schools. We always quickly let you know about which areas are "hot" and require immediate action plus the ones that are "cold" and allow for more analysis.

As we tour houses, we analyze the asking price to tell you if the seller's list price has room for bargaining or if we believe the house is "priced to sell." When working with an agent, trust your instincts and make sure you ask a lot of questions, as every REALTOR® will tell you they understand the home market. If things don't add up, just call us at 918-967-2444 or e-mail us at wmcox@cwis.net, and we will be more than happy to answer your questions. Our market expertise will help you stay a step ahead through the entire deal.

Step 5 – Find the house you've been waiting for
We are positive we'll find the house of your dreams in Stigler, and when we do, we will carefully develop your purchase offer. The offer will be written to suit your needs. Whenever necessary, we never forget to make contracts contingent upon items like your ability to secure financing and the results of the home inspection.

Let Bill Cox Real Estate guide you through finding your dream home in Stigler When we turn in your offer, most likely you'll need to submit "earnest money." This is a cash deposit made to the home seller to secure the offer to purchase the property and is typically applied to the closing costs. If your offer is accepted by the seller, we should close within 30 to 60 days after. This allows necessary time for your mortgage financing.

Step 6 – Negotiate the deal
Most deals don't close on the initial offer. It's really common to receive a counter offer. Don't let it discourage you. We'll consider whether or not to take the counter offer, submit our own counter offer, or decline the seller's offer and move on.

Market conditions determine how aggressively we negotiate the deal. We'll also work within your budget. And when it's all said and done, we'll create a deal that works well for you.

Step 7 – Get your loan
Once we sign the final contract, you'll start working with your lender to close the loan. If you're pre-approved, this won't take much time at all, but you'll need to keep in close contact with your mortgage lender. And we will deal with all the property information your mortgage lender needs to close the loan.

Step 8 – Close the deal
You'll get a Good Faith Estimate (GFE) of closing costs from your mortgage lender within three days of getting your application. The estimate rests on the loan amount, and RESPA requirements dictate that it has to involve all closing costs and fall within a narrow range of accuracy. We will study the estimate and let you know if everything looks good.

Then we'll close on your home. This will most often happen at a title company or escrow office and is often a smooth and relaxed occasion.

Step 9 – Move in
Congratulations! It's time to move into your new home. Enjoy it. And if you have any questions, make sure you call us at 918-967-2444 or send us an e-mail.