Buying your new home in Naples
Purchasing a home is intimidating for most people. However, with a bit of planning ahead of time, it isn't all that difficult.
So they'll know exactly what to expect, I like to supply buyers with an overview of the whole deal.
Below 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 address questions you have about this information.
Step 1 – Prepare to buy
There are plenty of things you need to take into account before you search for a home.
You'll want to create an outline of features you want to have, get a feel for what school districts and neighborhoods 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 – Speak with a real estate agent
This is where I can help.
I'd be more than happy to schedule a time to meet with you and communicate with you about your real estate needs and get an idea of your future plans.
We'll talk about the mortgage and housing industries, other economic factors that may affect your buying decision today or in the future, as well as neighborhoods and school districts in the Naples area.
In addition, I'll help you get started on your loan.
I work with some of the best mortgage professionals in Naples, so you're in great hands.
They'll assist you in figuring out which type of loan is best for you and help you get qualified.
Step 3 – Start your search
After we meet, I'll begin looking for houses on the market that are a great fit for you.
I'll research most of the homes and eliminate the bad ones, and then we'll book appointments to tour the homes whenever it's convenient for you.
As we view the homes, I'll show you the good features and bad ones. I'll even ask you what things you like and dislike.
For the most part, buyers update their wish list as we tour houses and some things become more crucial than others.
If that happens, I'll search all the listings another time and trim it down to the house of your dreams.
Step 4 – Know the market
My awareness of the Naples market is a leading component in your house search. I am informed of all the neighborhoods and schools, and I can alert you to some neighborhoods are "hot" and require immediate action and some that are "cold" and allow for more analysis.
As we view homes, I'll be sure to tell you if the seller's asking price has room for bargaining or if I believe the house is "priced to sell."
When working with an agent, be mindful and be sure to ask lots of questions. Any REALTOR in Naples will claim to understand the housing market.
If things don't add up, contact me at 866-300-1550 or e-mail me at , and I'd be glad to answer any questions you have. My knowledge of the market will keep you a step above the rest throughout the entire process.
Step 5 – Find the home you've been waiting for
I'm positive we'll find your dream house in Naples. When that happens, I'll thoroughly create your real estate purchase offer. The offer will be tailored keeping your needs in mind and the home, including some contingencies. A few examples are getting financing, carrying out the home inspection, and a clear title.
Upon sending in your offer, you'll want to present "earnest money." This is a cash deposit made to a home seller to secure the offer to buy the property, and it's most often applied to the closing costs. If your offer is accepted by the seller, we should close within 30 to 60 days after. This allows ample time for your mortgage financing.
Step 6 – Negotiate
A lot of contracts don't close on the initial offer. It's pretty common to receive a counter offer. Don't let this alarm you. We'll consider whether or not to take the counter offer, submit our own counter offer, or refuse the seller's offer and move on.
How aggressively we negotiate the deal depends on market conditions.
In addition, we'll work within your budget. And at the end of the day, we'll assemble a deal that works well for you.
Step 7 – Obtain your loan
Once we sign the final deal, you'll begin working with your lender to close the loan.
If you're already pre-approved, it shouldn't take long at all, but you'll want to stay in close contact with your lender.
And I'll manage all the property information your mortgage lender needs to close the loan.
Step 8 – Close the deal
Your mortgage lender will send you a Loan Estimate (LE) outlining closing costs within three days of receiving your application. You'll get a Loan Estimate (LE) detailing closing costs from your mortgage lender within three days of accepting your loan application.
This estimate depends on the loan amount, and RESPA requirements dictate that it has to involve all closing costs and be within a tight range of accuracy. I'll study the estimate and let you know if everything looks good.
Then we'll close on your house. This will most often happen at a title company or escrow office and should be a smooth and pleasant occurrence.
Step 9 – Move in
Congratulations! Now you can move into your new house. Enjoy it. And if you need anything or have any questions, make sure you call me at 866-300-1550 or e-mail me at .