Let Metro Properties assist you with purchasing a home in Naples
For many people, purchasing a home can be an intimidating event. But with a bit of planning ahead of time, it isn't very complex.
So they know exactly what they can expect, I like to give buyers an outline of the entire deal.
Here are my nine steps to purchasing a home.
When you're ready to get started, simply contact me here or e-mail me at . I'm happy to answer any questions you have regarding this information.
Step 1 – Get ready to purchase
There are a lot of things you'll want to take into account before you search for a home.
You'll most likely want to create a checklist of features you need to have, get a feeling for what school districts you want to live in, and begin planning your budget.
Ensuring your mortgage payment is around 1/3 of your net monthly income is a good rule of thumb to follow.
Step 2 – Talk to a real estate agent
This is where Metro Properties comes 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 upcoming plans.
We'll talk about neighborhoods, school districts in the Naples area, the mortgage industry, and any additional economic factors that may affect your purchase today or in the future.
I'll 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 will assist you with determining which kind of loan is best for you and help you get qualified.
Step 3 – Start looking for a house
Following our initial meeting, I'll begin finding homes on the market that best suit you.
I'll research most of the houses and throw out the bad ones, and then we'll schedule appointments to tour the homes when it's convenient for you.
When we view the houses, I'll show you the good features and bad ones. I'll also ask you what things you like and dislike.
It's widely common for buyers to amend their must-have list as we tour houses and some items become more essential than others.
If such is the case, I'll look through the listings once more and narrow it down to the home of your dreams.
Step 4 – Comprehend the market
Your agent's knowledge of the Naples home market is an imperative component in your home search. And I can assure you I'm familiar with all the neighborhoods and school districts, and I can let you know some areas are "hot" and demand prompt action and some that are "cold" and allow for thoughtful analysis.
As we view houses, I'll let you know if the seller's asking price has room for bargaining or if I believe the house is "priced to sell."
Every real estate agent in Naples will claim to truly know the home market, but keep an eye out, and be sure to ask your agent a lot of questions.
If it appears they don't know everything, call me at 866-300-1550 or e-mail me at , and I'll be more than happy to answer any questions you might have. My understanding of the market will help you stay a step above the rest throughout the entire process.
Step 5 – Find the home you've been waiting for
We'll find the home of your dreams in the Naples area, and when that happens, I'll precisely create your purchase offer. The offer will be tailored with your needs in mind and the home, including many contingencies, such as acquiring financing, carrying out the home inspection, and a clear title.
Upon turning in your purchase offer, you'll need to submit "earnest money." This is a cash deposit submitted to a home seller to secure an offer to purchase the property, and it's most often put towards the closing costs. If the offer is accepted by the seller, we should close on the property within 30 to 60 days after. This allows sufficient time for your mortgage financing.
Step 6 – Negotiate the deal
Most deals don't close on the beginning offer, and it's extremely common to receive a counter offer. But don't let it intimidate you. We'll discuss whether or not to consent to the counter offer, present our own counter offer, or decline the seller's offer and move on.
How aggressively we negotiate the deal depends on market conditions.
In addition, we'll work within your budget. And when it's all said and done, we'll create a deal that is best for you.
Step 7 – Get financing
Upon signing the contract, you'll begin working with your lender to close the loan.
If you've been pre-qualified, it shouldn't take very long at all. But you should to stay in close contact with your mortgage lender.
And I'll handle all the property information your lender will need to close the loan.
Step 8 – Close the deal
Your mortgage lender will send you a Loan Estimate (LE) of closing costs within three days of receiving your application. You'll get a Loan Estimate (LE) of closing costs from your lender within three days of taking your application.
This estimate is formed from the loan amount. RESPA requirements mandate that it has to contain all closing costs and fall within a strict range of accuracy, and I'll review the estimate and let you know if it all looks all right.
Then it's time to close on your home. This will most likely occur at a title company or escrow office and will most often be a smooth and hassle-free occasion.
Step 9 – Move in
Congratulations! It's time to move into your new house. Enjoy it. And if you need anything, just contact me at 866-300-1550 or e-mail me at .