Buying or selling a home?

With a little up-front planning, purchasing a home isn't all that difficult, but the event can be stressful for a lot of people. So they'll understand exactly what to expect, I'll give buyers an outline of the whole deal. Here are my nine steps to buying a home. When you're ready to get started, you can contact me here or e-mail me at . I'm glad to answer questions you have regarding this information.

Step 1 – Prepare to purchase
There are a lot of things you'll want to do before you start looking for a home. When you begin your search, you'll probably want to create a list of must-haves, get a feel for what school districts you want to live in, and start planning around your budget. A good guideline to follow is that your mortgage payment should be no more than 30 percent of your net monthly income.

Step 2 – Speak with a real estate agent
This is where Metro Properties comes in. We'll plan 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 discuss the mortgage industry, other economic factors that may potentially affect your purchase today or in the future, as well as neighborhoods and school districts in the Naples area.

I'll also help you begin the loan process. There are some great mortgage professionals in Naples, and I partner with a lot of them, so you're in great hands. They will help you decide which type of loan is best for you, as well as help you get approved.

Step 3 – Start your search
After our first meeting, I'll begin searching for available houses on the market that are good for you. I'll get a sneak peek of many of the houses and reject the bad ones, and then we'll book appointments to tour the houses at a time that's convenient for you.

As we tour homes, I'll show you the positive features, as well as negative ones. I'll also ask you to tell us about things you like and don't like. Generally, buyers update their must-have list as we tour homes and some items become far more substantial than others. If that's the case, I'll go back through all the listings one more time and narrow it down to the house you've been dreaming about.

Step 4 – Understand the housing market
My awareness of the Naples housing market is a leading agent in your house search. I am informed of all the neighborhoods and schools, and I can communicate which districts are "hot" and call for immediate action and some that are "cold" and allow for more examination.

As we view houses, I'll be sure to tell you if the seller's list price has room for negotiation or if I believe the house is "priced to sell." Every REALTOR in Naples will tell you they understand the market, but take note, and make sure you ask your agent plenty of questions. If things don't add up, just call me at 866-300-1550 or e-mail me at , and I'll be glad to answer any questions you might have. My market knowledge will keep you a step ahead throughout the entire deal.

Step 5 – Find your dream house
I'm sure we'll find your dream house in Naples. When that happens, I'll carefully create your home purchase offer. The offer will be tailored keeping your needs in mind and the home, including several contingencies, such as obtaining financing, completing the home inspection, and a clear title.

When submitting your offer, most likely you'll want to present "earnest money." This is a cash deposit submitted to the home seller to secure an offer to purchase the property. The amount is most often applied to the closing costs. If your offer is accepted, we should close on the property about 30 to 60 days after. This allows plenty of time for your mortgage financing.

Step 6 – Negotiate
Most contracts aren't closed on the beginning offer – it's pretty common to receive a counter offer. Don't let it discourage you. We'll consider whether or not to agree to the counter offer, present 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 limits. And when it's all said and done, we'll formulate a contract that's best for you.

Step 7 – Get a loan
Once we sign the final sales contract, you'll begin working with your lender to close the loan. If you've been pre-qualified, it won't be a long process at all. But you'll want to keep in close contact with your lender. And I'll care for all the property information your lender will need to close the loan.

Step 8 – Close the deal
Your lender will supply you with a Loan Estimate (LE) outlining closing costs within three days of accepting your application. You'll get a Loan Estimate (LE) of your closing costs from your mortgage lender within three days of getting your loan application. The estimate depends on the loan amount, and RESPA requirements dictate that it has to contain all closing costs and fall within a tight range of accuracy. I'll study the estimate and let you know if everything looks good.

Then it's time to close on your house. This should happen at a title company or escrow office and will most likely be a smooth and hassle-free occurrence.

Step 9 – Move in
Congratulations! Now you can move into your new house. Enjoy it. And if you need anything, just contact me at 866-300-1550 or e-mail me at .

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