Looking to buy your home in Naples? Metro Properties can help.
For a lot of people, purchasing a home can be an intimidating event. But with some planning ahead of time, it's not all that complex.
I like to supply buyers with a road map of the whole deal so they understand exactly what they can expect.
These are my nine steps to purchasing a home.
If you have questions about any of this information or if you're ready to get started, just contact me here or e-mail me at .
Step 1 – Get ready to buy
There are a lot of things you'll want to contemplate before you start searching for a home.
When you begin your search, you'll want to assemble a checklist of features you need, get a plan of what neighborhoods you'd like to live in, and start planning your budget.
Keeping your mortgage payment around 30 percent of your monthly income is a good principle to go by.
Step 2 – Get in touch with a real estate agent
That's where I come in.
We can arrange a time to meet so we can talk about your real estate needs and get an idea of your plans for the future.
We'll discuss everything from neighborhoods, school districts in the Naples area, the mortgage and housing industries, to any other economic factors that could affect your purchase today or in the future.
I can also help you start the loan process.
There are some excellent mortgage professionals in Naples, and I work with a lot of them, so you'll be in great hands.
They'll assist you in determining which kind of loan is best for you and help you get qualified.
Step 3 – Begin looking for a home
After we meet for the first time, I'll start searching for available homes on the market that suit your needs.
I'll get a sneak peek of most of the homes and reject the duds, and then we'll set up appointments to tour the houses when it's most convenient for you.
As we tour houses, I'll identify good features and negative ones. And I'll ask you to point out what things you like and don't like.
It's widely common for buyers to amend their must-have list as we tour homes and some features become more essential than others.
If that happens, I'll look through all the listings another time and narrow it down to the house you've been dreaming about.
Step 4 – Get a grasp of the housing market
My understanding of the Naples market is a necessary factor in your home search. I am familiar with all the neighborhoods and schools, and I'll alert you to which districts are "hot" and require immediate action and some that are "cold" and allow for more consideration.
As we view houses, I'll let you know when the seller's list price has room for bargaining and when I know the house is "priced to sell."
Be mindful and make sure you ask your agent a lot of questions, as every real estate agent in Naples will claim to know the market.
If it appears they don't know everything, just call me at 866-300-1550 or e-mail me at , and I'll be glad to answer your questions. My market knowledge will keep you a step ahead throughout the entire process.
Step 5 – Find your dream home
I'm positive we'll find your dream house in the Naples area. When we do, I'll carefully develop your home purchase offer. The offer will be tailored to suit your needs and the home, including many contingencies. A few examples are getting financing, finishing the home inspection, and a clean title.
When we turn in your purchase offer, you'll likely want to present "earnest money." This is a cash deposit given to a seller to secure an offer to purchase the property. The amount is usually applied to the closing costs. If the seller accepts your offer, we should close on the home about 30 to 60 days afterward. This allows necessary time for your mortgage financing.
Step 6 – Negotiate the deal
Most contracts aren't closed on the initial offer. It's pretty common to receive a counter offer. Don't let this alarm you. We'll talk about whether or not to agree to the counter offer, submit our own counter offer, or reject the seller's offer and go on.
How aggressively we negotiate the deal depends on market circumstances.
We'll also work within your financing constraints. And when it's all said and done, we'll compose a contract that is best for you.
Step 7 – Get your loan
After the contract is finished, you'll begin working with your mortgage lender to close the loan.
If you're pre-qualified, it won't take very long at all, but you'll need to keep in close contact with your mortgage lender.
And I'll handle all the property information your mortgage lender will need to close the loan.
Step 8 – Close the deal
Your lender will provide you with a Loan Estimate (LE) outlining your closing costs within three days of getting your loan application. You'll get a Loan Estimate (LE) outlining your closing costs from your lender within three days of accepting your application.
This estimate rests on the loan amount, and RESPA requirements require that it has to include all closing costs and be within a close range of accuracy. I'll study the estimate and let you know if everything looks okay.
Then we'll close on your home. This will probably happen at a title company or escrow office and will most often be a smooth and hassle-free occasion.
Step 9 – Move in
Congratulations! Now you can move into your new home. Enjoy it. And if you need anything, just contact me at 866-300-1550 or e-mail me at .