Contemplating purchasing a new home in Naples?
Purchasing a home can be stressful for most people, but it's not that difficult with some planning ahead of time.
So they'll know exactly what to expect, I'll supply buyers with an overview of the entire deal.
Below are my nine steps to purchasing a home.
Should you have questions regarding any of this information or if you're prepared to get started, you can contact me here or e-mail me at .
Step 1 – Prepare to buy a home
There are several things you need to take into account before you start searching for a home.
When you start your search, you'll want to form a check list of items you want to have, plan for what neighborhoods and school districts you'd like to live in, and start planning your budget.
Ensuring your mortgage payment is less than or close to a third of your net monthly income is a good rule of thumb to follow.
Step 2 – Connect with a real estate agent in Naples
That's where I come in.
We'll schedule a time to meet so we can talk about your real estate needs and get an idea of your plans for the future.
We'll discuss everything from neighborhoods, school districts in the Naples area, the mortgage industry, to any other economic factors that could potentially affect your purchase today or in the future.
I can also assist you in getting started on your loan.
There are some excellent mortgage professionals in Naples, and I work with a lot of them, so you'll be in great hands.
They'll help you determine which kind of loan is best for you, as well as help you get approved.
Step 3 – Start your home search
After our initial meeting, I'll start finding houses on the market that meet your needs.
I'll research many of the homes and ignore the duds, and then we'll book appointments to view the houses whenever it's convenient for you.
As we tour houses, I'll identify positive features and bad ones. And I'll ask you to talk about things you like and don't like.
As a rule, buyers change their list of must-haves as we tour houses and some things become far more necessary than others.
If that's the situation, I'll search the listings once again and narrow it down to the home of your dreams.
Step 4 – Know the market
My knowledge of the Naples housing market is an essential component in your home search. I'm acquainted with all the school districts and neighborhoods, and I can alert you to which areas are "hot" and warrant immediate action and others that are "cold" and allow for more analysis.
As we tour homes, I'll make sure to communicate if the asking price has room for negotiation or if I believe the house is "priced to sell."
Trust your instincts and be sure to ask plenty of questions, as any REALTOR will tell you they truly know the market.
If it appears they don't know everything, just 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 above the rest throughout the entire process.
Step 5 – Find the house of your dreams
I'm confident we'll find your dream house in the Naples area. When we do, I'll precisely create your purchase offer. The offer will be made to fit your needs and the home. We'll include several contingencies, such as getting financing, carrying out the inspection, and a clear title.
When submitting your offer, you'll likely want to submit "earnest money." This is a cash deposit given to the seller to secure an offer to purchase the property, and it's most often applied to the closing costs. If the offer is accepted, we should close on the home about 30 to 60 days after. This allows enough time for your mortgage financing.
Step 6 – Negotiate the deal
A lot of deals aren't closed on the initial offer, and it's really common to receive a counter offer. But don't let this alarm you. We'll talk about whether or not to accept the counter offer, present our own counter offer, or decline the seller's offer and move on.
How aggressively we negotiate the contract depends on market circumstances.
We'll also work within your financing budget. And at the end of the day, we'll compose a contract that is best for you.
Step 7 – Get a loan
Once the contract is finalized, you'll start working with your mortgage lender to close the loan.
This won't take very long at all if you're pre-approved, 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
You'll get a Loan Estimate (LE) detailing closing costs from your lender within three days of accepting your application.
This estimate is formed from the loan amount, and RESPA requirements dictate that it has to contain all closing costs and fall within a close range of accuracy. I'll go over the estimate and let you know if everything looks all right.
Then it's time to close on your house. This will most often 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 have any questions, be sure to contact me at 866-300-1550 or e-mail me at .