Are you contemplating buying a home in Naples?
Buying a home can be stressful for a lot of people, but with some planning ahead of time, it isn't too complicated.
So they understand exactly what to expect, I'll give buyers a road map of the entire deal.
Here are my nine steps to buying a home.
When you're ready to get started, simply 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 many things you'll want to do before you look for a home.
You'll want to create a checklist of features you want to have, get an idea of what neighborhoods you'd like to live in, and start working on your budget.
Ensuring your mortgage payment is no more than 30 percent of your monthly income is a good principle to adhere to.
Step 2 – Communicate with a real estate agent
This is where Metro Properties can help.
I'd be happy to arrange a time to get together with you and speak with you regarding why you want to buy a home and get an idea of your future plans.
We'll discuss neighborhoods, school districts in the Naples area, the mortgage industry, and any additional economic factors that may affect your buying decision today or in the future.
I'll also assist you with getting started on your loan.
I partner with some of the finest mortgage professionals in Naples, so you'll be in great hands.
They will assist you with choosing which type of loan is best for you and help you get approved.
Step 3 – Start looking
After our initial meeting, I'll start finding homes on the market that best suit you.
I'll research many of the houses and throw out the duds, and then we'll schedule appointments to tour the homes when it's convenient for you.
When we tour the homes, I'll point out good features, as well as negative ones. I'll even ask you about things you like and don't like.
Most often, buyers revise their list of must-haves as we view houses and some things become far more crucial than others.
If that happens, I'll go back through the listings once again and trim it down to the house of your dreams.
Step 4 – Comprehend the market
Your agent's knowledge of the Naples market is a leading agent in your home search. And I assure you I'm mindful of all the schools and neighborhoods, and I can communicate which districts are "hot" and require immediate action and some that are "cool" and allow for more analysis.
When we view homes, I'll let you know if the seller's list price has room for bargaining or if I believe the house is "priced to sell."
When working with an agent, be on guard and make sure you ask lots of questions. Any REALTOR in Naples will convince you they comprehend the market.
If things don't add up, just call me at 866-300-1550 or e-mail me at , and I'd be glad to answer your questions. My understanding of the market will keep you a step ahead through the entire deal.
Step 5 – Find the house you've been waiting for
We'll find the house of your dreams in the Naples area, and when we do, I'll thoroughly develop your home purchase offer. The offer will be made to fit your needs and the home. We'll include some contingencies, such as getting financing, carrying out the home inspection, and a clear title.
Upon presenting your offer, you'll want to submit "earnest money." This is a cash deposit made to the home seller to secure an offer to buy the property. The amount is most often applied to the cost of closing. If the offer is accepted, we should close on the property about 30 to 60 days after. This allows enough time for your mortgage financing.
Step 6 – Negotiate the deal
Most deals aren't closed on the first offer, and it's really common to receive a counter offer. But don't let this discourage you. We'll talk over whether or not to accept the counter offer, present our own counter offer, or reject the seller's offer and move on.
How aggressively we negotiate the deal depends on market circumstances.
In addition, we'll work within your financing budget. And when it's all said and done, we'll put together a contract that's best for you.
Step 7 – Secure financing
After the contract is signed, you'll begin working with your mortgage lender to close the loan.
If you've been pre-qualified, it shouldn't be a long process at all, but you'll want to keep in close contact with your lender.
And I'll handle all the property information your lender needs to close the loan.
Step 8 – Close the deal
Your lender will send you a Loan Estimate (LE) of closing costs within three days of receiving your loan application. You'll get a Loan Estimate (LE) outlining closing costs from your lender within three days of getting your application.
This estimate is formed from the loan amount, and RESPA requirements require that it has to involve all closing costs and be within a tight range of accuracy. I'll examine the estimate and let you know if it all looks good.
Then we'll close on your house. This will likely take place at a title company or escrow office and will probably be a smooth and pleasant event.
Step 9 – Move in
Congratulations! Now you can move into your new house. Enjoy it. And if you have any questions, just call me at 866-300-1550 or e-mail me at .