Purchasing your new home in Naples with Metro Properties
Buying a home can be stressful for many people. However, with a bit of up-front planning, it isn't very hard.
I like to give buyers an outline of the entire deal so they'll know exactly what they can expect.
Here 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 happy to answer questions you have regarding this information.
Step 1 – Prepare to purchase
There are many things you should do prior to commencing your home search.
When you start your search, you'll probably want to put together an outline of items you want, get an idea of what school districts and neighborhoods you want to live in, and begin planning around your budget.
A good guideline to follow is that your mortgage payment should be less than or close to 30 percent of your net monthly income.
Step 2 – Connect with a real estate agent in Naples
That's where I can help.
We can book a time to meet so we can talk about your real estate needs and get an idea of your future plans.
We'll talk about the mortgage industry, other economic factors that could potentially affect your buying decision today or in the future, as well as neighborhoods and schools in the Naples area.
I can also help you get started on your loan.
I partner with some of the finest mortgage professionals in Naples, so you'll be in great hands.
They can assist you in choosing which kind of loan is best for you and help you get qualified.
Step 3 – Start house hunting
After we meet, I'll begin searching for houses on the market that are a good fit for you.
I'll preview many of the houses and reject the duds, and then we'll set up appointments to view the houses whenever it's convenient for you.
When we tour the homes, I'll identify good features and bad ones. I'll also ask you to tell us about things you like and dislike.
Frequently, buyers amend their wish list as we view homes and some things become far more important than others.
If that's the case, I'll go back through all the listings one more time and narrow it down to the home you've been dreaming about.
Step 4 – Understand the housing market
My knowledge of the Naples housing market is a fundamental component in your house search. I'm conscious of all the neighborhoods and schools, and I will let you know which neighborhoods are "hot" and demand prompt action and others that are "cool" and allow for more examination.
When we tour houses, I'll let you know if the seller's asking price has room for negotiation or if I believe the home is "priced to sell."
Every real estate agent will tell you they comprehend the home market, but beware, and make sure you ask your agent plenty of questions.
If things don't add up, contact me at 866-300-1550 or e-mail me at , and I'll be more than happy to answer any questions you might have. 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 your dream home in Naples, and when that happens, I'll meticulously develop your purchase offer. The offer will be made to fit your needs and the home. We'll include a lot of contingencies, such as obtaining financing, carrying out the inspection, and a clear title.
When presenting your offer, you'll need to submit "earnest money." This is a cash deposit given to a seller to secure an offer to purchase the property. The amount is usually applied to the cost of closing. If your offer is accepted by the seller, we should close on the home within 30 to 60 days afterward. This allows ample time for your mortgage financing.
Step 6 – Negotiate the deal
Most deals aren't closed on the initial offer. It's really common to receive a counter offer. Don't let it discourage you. We'll talk about whether or not to agree to the counter offer, propose our own counter offer, or decline the seller's offer and move on.
The state of the market will play a vital role in how aggressively we negotiate the deal.
We'll also work within your financing constraints. And when it's all said and done, we'll put together a contract that works well for you.
Step 7 – Obtain your loan
After we sign the final deal, you'll start working with your lender to close the loan.
If you're pre-approved, it shouldn't be a long process at all. But you should to keep in close contact with your lender.
And I'll handle all the property information your mortgage lender needs to close the loan.
Step 8 – Close the deal
Your mortgage lender will supply you with a Loan Estimate (LE) detailing your closing costs within three days of accepting your application. You'll get a Loan Estimate (LE) outlining your closing costs from your lender within three days of receiving your application.
This estimate rests on the loan amount, and RESPA requirements order that it has to contain all closing costs and fall within a tight range of accuracy. I'll review the estimate and let you know if everything looks permissible.
Then it's time to close on your house. This will likely happen at a title company or escrow office and will likely be a smooth and peaceful affair.
Step 9 – Move in
Congratulations! It's time to move into your new house. Enjoy it. And if you need anything or have any questions, be sure to call me at 866-300-1550 or e-mail me at .