Buying your home in Naples
Purchasing a home intimidates a lot of people, but it isn't too complicated with some planning ahead of time.
I like to give buyers an outline of the whole deal so they'll know exactly what to expect.
Below 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 any questions you have about this information.
Step 1 – Prepare to buy
There are a lot of things you need to contemplate before you look for a home.
You'll want to make a checklist of items you need, get a feeling for what neighborhoods and school districts you want to live in, and begin planning around your budget.
Keeping your mortgage payment around 30 percent of your net monthly income is a good principle to follow.
Step 2 – Speak with a real estate agent in Naples
This is where I can help.
We'll set up a time to get together 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 and housing industries, and any other economic factors that might affect your buying decision today or in the future.
In addition, I'll help you begin the loan process.
I partner with some of the best mortgage professionals in Naples, so you'll be in great hands.
They will help you choose which type of loan is best for you, as well as help you get approved.
Step 3 – Start looking for a home
After our initial meeting, I'll begin looking for available houses on the market that are a great fit for you.
I'll preview most of the homes and reject the bad ones, and then we'll schedule appointments to tour the homes when it's convenient for you.
As we tour the homes, I'll point out good features and bad ones. I'll even ask you about things you like and dislike.
As a rule, buyers change their wish list as we tour homes and some things become far more necessary than others.
If such is the case, I'll look through all the listings one more time and trim it down to the house of your dreams.
Step 4 – Comprehend the housing market
Your agent's knowledge of the Naples home market is an imperative agent in your house search. And I can assure you I'm conscious of all the schools and neighborhoods, and I can let you know which districts are "hot" and warrant prompt action and others that are "cold" and allow for careful analysis.
As we view houses, I'll make sure to communicate 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 mindful and make sure you ask a lot of questions, as any REALTOR will convince you they comprehend the market.
If things don't add up, call me at 866-300-1550 or e-mail me at , and I'd 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 through the entire deal.
Step 5 – Find the home you've been looking for
We'll find your dream home in the Naples area, and when we do, I'll precisely develop your real estate purchase offer. The offer will be made to fit your needs and the home. We'll include some contingencies, such as getting financing, finishing the inspection, and a clear title.
Upon presenting your 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. The amount is usually put towards the cost of closing. If the offer is accepted, we should close on the home about 30 to 60 days afterward. This allows ample time for your mortgage financing.
Step 6 – Negotiate
Unfortunately most deals don't close on the beginning offer. It's extremely common to receive a counter offer. Don't let it discourage you. We'll talk about whether or not to accept the counter offer, propose our own counter offer, or refuse the seller's offer and go on.
The state of the market determines how aggressively we negotiate the contract.
We'll also work within your financing budget. And at the end of the day, we'll assemble a deal that works well for you.
Step 7 – Get your loan
Once we sign the final contract, you'll start working with your lender to close the loan.
This won't be a long process at all if you're pre-qualified, but you'll want to stay in close contact with your lender.
And I'll manage all the property information your lender needs to close the loan.
Step 8 – Close the deal
Your mortgage lender will give you a Loan Estimate (LE) of your closing costs within three days of taking your loan application. You'll get a Loan Estimate (LE) of your closing costs from your mortgage lender within three days of getting your application.
This estimate rests on the loan amount. RESPA requirements require that it has to involve all closing costs and fall within a narrow range of accuracy, and I'll review the estimate and let you know if everything looks permissible.
Then it's time to close on your house. This will probably take place at a title company or escrow office and will likely be a smooth and relaxing affair.
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 .