Buying or selling a home in Naples? Metro Properties can help.
Buying a home can be stressful for most people. However, with a bit of up-front planning, it's not very difficult.
So they know exactly what they can expect, I like to give buyers a road map of the entire deal.
Here are my nine steps to purchasing a home.
Should you have any questions regarding this information or if you're ready to get started, simply contact me here or e-mail me at .
Step 1 – Get ready to purchase
Before you commence your home search, there are a lot of things you should consider.
It's likely that you'll want to make an index of features you want, get a plan of what neighborhoods and school districts you want to live in, and begin working on your budget.
A good guideline to follow is that your mortgage payment should be close to 1/3 of your net monthly income.
Step 2 – Get in touch with a real estate agent in Naples
This is where I can help.
I'd like to book a time to meet with you and talk about why you want to buy a home and get an idea of your future plans.
We'll discuss the mortgage and housing industries, other economic factors that could affect your buying decision today or in the future, as well as neighborhoods and schools in the Naples area.
In addition, I'll help you begin the loan process.
There are some very good mortgage professionals in Naples, and I work with a lot of them, so you can rest assured that you're in great hands.
They can help you determine which type of loan is best for you, as well as help you get qualified.
Step 3 – Begin looking for a home
After our initial meeting, I'll start finding homes on the market that are a great fit for you.
I'll get a sneak peek of many of the homes and remove the duds, and then we'll book appointments to view the homes at a time that's convenient for you.
When we view houses, I'll identify positive features, as well as negative ones. I'll even ask you what things you like and don't like.
It's pretty common for buyers to revise their wish list as we tour homes and some items become far more essential than others.
If that happens, I'll search all the listings once more and trim it down to the home you've been wishing for.
Step 4 – Comprehend the housing market
Your agent's awareness of the Naples home market is a necessary factor in your home search. And I assure you I'm acquainted with all the schools and neighborhoods, and I will let you know which districts are "hot" and call for immediate action and the ones that are "cold" and allow for cautiousness.
As we tour homes, I'll be sure to tell you when the asking price has room for bargaining and also when I trust the home is "priced to sell."
When working with an agent, be on guard and be sure to ask lots of questions. Any REALTOR in Naples will convince you they understand the home market.
If it appears they don't know everything, contact me at 866-300-1550 or e-mail me at , and I'd be glad to answer any questions you may have. My knowledge of the market will help you stay a step above the rest through the entire process.
Step 5 – Find the house you've been waiting for
We'll find your dream home in the Naples area, and when that happens, I'll carefully develop your home purchase offer. The offer will be tailored keeping your needs in mind and the home, including some contingencies, such as acquiring financing, finishing the home inspection, and a clean title.
When submitting your purchase offer, you'll want to submit "earnest money." This is a cash deposit given to the seller to secure the offer to purchase the property, and it's typically applied to the closing costs. If your offer is accepted, we should close on the property within 30 to 60 days afterward. This allows necessary time for your mortgage financing.
Step 6 – Negotiate the deal
Unfortunately most contracts aren't closed on the initial offer, and it's very common to receive a counter offer. Don't let this intimidate you. We'll talk about whether or not to agree to the counter offer, submit our own counter offer, or refuse the seller's offer and move on.
The state of the market will play a big part in how aggressively we negotiate the contract.
In addition, we'll work within your financing limits. And at the end of the day, we'll create a deal that works well for you.
Step 7 – Secure your loan
Upon signing the deal, you'll begin working with your lender to close the loan.
If you're pre-qualified, it shouldn't take long at all. But you'll want to keep in close contact with your lender.
And I'll take care of all the property information your mortgage lender will need to close the loan.
Step 8 – Close the deal
You'll get a Loan Estimate (LE) detailing your closing costs from your lender within three days of accepting your application.
The estimate is formed from the loan amount. RESPA requirements dictate that it has to involve all closing costs and fall within a narrow range of accuracy, and I'll analyze the estimate and let you know if everything looks okay.
Then we'll close on your house. This will most likely occur at a title company or escrow office and will probably be a smooth and peaceful event.
Step 9 – Move in
Congratulations! Now you can move into your new home. Enjoy it. And if you need anything or have any questions, just call me at 866-300-1550 or e-mail me at .