Purchasing a new home in Naples with Metro Properties
Purchasing a home is an intimidating event for many people, but with some planning ahead of time, it's not too hard.
I like to supply buyers with an outline of the whole deal so they understand exactly what to expect.
These are my nine steps to purchasing a home.
Should you have any questions about this information or if you're prepared to get started, just contact me here or e-mail me at .
Step 1 – Prepare to buy
There are a lot of things you'll want to contemplate before you search for a home.
When you begin your search, you'll want to put together a checklist of must-have features, plan for what school districts and neighborhoods you want to live in, and begin planning your budget.
Keeping your mortgage payment less than 1/3 of your net monthly income is a good rule of thumb to follow.
Step 2 – Get in touch with a real estate agent in Naples
This is where Metro Properties can help.
We'll set up a time to get together so we can talk about why you want to buy a home and get an idea of your plans for the future.
We'll talk about neighborhoods, schools in the Naples area, the mortgage industry, and any other economic factors that may potentially affect your buying decision 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're in great hands.
They'll help you decide which type of loan is best for you, as well as help you get qualified.
Step 3 – Begin looking for a house
Following our first meeting, I'll begin finding homes on the market that are great for you.
I'll preview most of the houses and remove the bad ones, and then we'll book appointments to tour the homes when it's most convenient for you.
When we view homes, I'll identify good features, as well as negative ones. I'll also ask you to point out what things you like and dislike.
Usually, buyers update their list of must-haves as we view houses and some features become far more essential than others.
If such is the case, I'll search the listings once again and trim it down to the home you've been wishing for.
Step 4 – Comprehend the market
Your agent's understanding of the Naples home market is a necessary component in your home search. And I assure you I'm conscious of all the neighborhoods and school districts, and I can communicate which areas are "hot" and require prompt action and others that are "cool" and allow for cautiousness.
When we tour homes, I'll let you know if the list price has room for negotiation or if I believe the home is "priced to sell."
Every real estate agent in Naples will convince you they know the housing market, but be careful, and be sure to ask your agent plenty of questions.
If it appears they don't know everything, just call me at 866-300-1550 or e-mail me at , and I'd be happy to answer any questions you might have. My market knowledge will help you stay a step above the rest through the entire process.
Step 5 – Find your dream home
I'm positive we'll find your dream home in the Naples area. When we do, I'll thoroughly develop your real estate purchase offer. The offer will be tailored exactly to your needs and the home, including a lot of contingencies, such as getting financing, completing the inspection, and a clean title.
When we turn in your offer, you'll likely want to submit "earnest money." This is a cash deposit submitted to a home seller to secure the offer to buy the property and is most often put towards the cost of closing. 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 contracts don't close on the first offer – it's widely common to receive a counter offer. Don't let this alarm you. We'll figure out whether or not to agree to the counter offer, present our own counter offer, or refuse the seller's offer and move on.
Market circumstances will play a vital role in how aggressively we negotiate the contract.
We'll also work within your financing constraints. And at the end of the day, we'll create a contract that is best for you.
Step 7 – Obtain a loan
Upon signing the deal, you'll begin working with your mortgage lender to close the loan.
If you're pre-approved, this shouldn't take long at all, but you'll want to keep in close contact with your mortgage lender.
And I'll look after all the property information your lender will need to close the loan.
Step 8 – Close the deal
You'll get a Loan Estimate (LE) outlining closing costs from your lender within three days of getting your application.
This estimate is based on the loan amount. RESPA requirements order that it has to contain all closing costs and fall within a strict range of accuracy, and I'll examine the estimate and let you know if it all looks permissible.
Then it's time to close on your home. This will most likely happen at a title company or escrow office and is often a smooth and comfortable event.
Step 9 – Move in
Congratulations! Now you can move into your new house. Enjoy it. And if you need anything or have any questions, make sure you contact me at 866-300-1550 or e-mail me at .