Let Metro Properties assist you with purchasing a home in Naples
For most people, buying a home is a stressful event. However, with some up-front planning, it's not all that confusing.
I like to provide buyers with an overview of the whole deal so they'll understand exactly what they can expect.
These 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 glad to answer any questions you have regarding this information.
Step 1 – Prepare to purchase
There are a lot of things you should do before you search for a home.
When you begin your search, you'll want to make an outline of features you need to have, get a feeling for what neighborhoods and school districts you want to live in, and start planning around your budget.
A good rule of thumb to adhere to is that your mortgage payment should be less than a third of your monthly income.
Step 2 – Talk to a real estate agent
That's where I can help.
We'll arrange a time to meet so we can talk about your real estate needs and get an idea of your upcoming plans.
We'll discuss the mortgage and housing industries, other economic factors that might 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 facilitate the loan process.
I work with some of Naples's best mortgage professionals, so you'll be in great hands.
They'll help you figure out which kind of loan is best for you, as well as help you get approved.
Step 3 – Start looking
After we meet for the first time, I'll begin finding available houses on the market that are a good fit for you.
I'll get a sneak peek of most of the houses and exclude the bad ones, and then we'll set up appointments to tour the homes when it's convenient for you.
As we view the houses, I'll show you the good features and bad ones. And I'll ask you to point out what things you like and don't like.
Usually, buyers amend their list of must-haves as we view homes and some things become more necessary than others.
If that happens, I'll go back through all the listings another time and trim it down to the house of your dreams.
Step 4 – Understand the market
My understanding of the Naples home market is an imperative aspect in your house search. I am informed of all the neighborhoods and schools, and I can communicate certain districts are "hot" and demand immediate action and others that are "cool" and allow for careful analysis.
As we tour homes, I'll let you know when the seller's list price has room for bargaining and also when I trust the house is "priced to sell."
Be on guard and be sure to ask a lot of questions, as every REALTOR will claim to understand the housing market.
If it seems like they don't know everything, call me at 866-300-1550 or e-mail me at , and I'll be glad to answer your questions. My market expertise will keep you a step ahead throughout the entire process.
Step 5 – Find the house you've been looking for
I'm positive we'll find your dream house in Naples. When we do, I'll carefully develop your purchase offer. The offer will be tailored keeping your needs in mind and the home, including some contingencies, such as obtaining financing, finishing the home inspection, and a clean title.
When turning in your offer, you'll want to present "earnest money." This is a cash deposit made to the seller to secure the offer to buy the property, and it's often put towards the cost of closing. If your offer is accepted by the seller, we should close on the home about 30 to 60 days after. This allows necessary time for your mortgage financing.
Step 6 – Negotiate
Most contracts aren't closed on the initial offer – it's very common to receive a counter offer. But don't let this alarm you. We'll discuss whether or not to agree to the counter offer, propose our own counter offer, or refuse the seller's offer and move on.
Market conditions will play a vital role in how aggressively we negotiate the contract.
We'll also work within your financing budget. And when it's all said and done, we'll formulate a contract that's best for you.
Step 7 – Secure financing
After the contract is signed, you'll begin working with your lender to close the loan.
It won't take very long at all if you're already pre-approved, but you'll want to stay in close contact with your mortgage lender.
And I'll sort out all the property information your lender needs to close the loan.
Step 8 – Close the deal
You'll get a Loan Estimate (LE) of closing costs from your mortgage 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 go over the estimate and let you know if it all looks adequate.
Then it's time to close on your home. This will probably happen at a title company or escrow office and is often a smooth and peaceful affair.
Step 9 – Move in
Congratulations! Now you can move into your new home. Enjoy it. And if you need anything, just call me at 866-300-1550 or e-mail me at .