Purchasing your new home in Naples with Metro Properties
Buying a home is a stressful event for a lot of people. However, with a bit of up-front planning, it's not all that difficult.
I like to supply buyers with an overview of the entire deal so they know exactly what to expect.
Below are my nine steps to buying a home.
Should you have any questions about any of this information or if you're ready to get started, you can contact me here or e-mail me at .
Step 1 – Prepare to purchase
There are plenty of things you'll want to consider prior to starting your home search.
When you start your search, you'll want to form a check list of features you want to have, plan for what school districts and neighborhoods you'd like to live in, and start working on your budget.
Ensuring your mortgage payment is less than or around 30 percent of your net monthly income is a good principle to go by.
Step 2 – Talk to a real estate agent in Naples
This is where Metro Properties can help.
We can plan a time to get together 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 may potentially affect your buying decision today or in the future, as well as neighborhoods and schools in the Naples area.
In addition, I'll help you facilitate the loan process.
There are some very good mortgage professionals in Naples, and I work with a lot of them, so you're in great hands.
They'll help you figure out which type of loan is best for you, as well as help you get approved.
Step 3 – Start looking for a house
Following our initial meeting, I'll start looking for houses on the market that are great for you.
I'll get a sneak peek of many of the homes and ignore the bad ones, and then we'll book appointments to tour the homes whenever it's most convenient for you.
As we tour houses, I'll point out positive features and bad ones. And I'll ask you about things you like and don't like.
Most often, buyers update their wish list as we tour houses and some things become more essential than others.
If that happens, I'll look through the listings another time and trim it down to the home of your dreams.
Step 4 – Comprehend the housing market
My awareness of the Naples home market is an essential component in your home search. I am conscious of all the school districts and neighborhoods, and I'll let you know what districts are "hot" and demand prompt action and others that are "cool" and allow for more analysis.
When we view homes, I'll make sure to communicate when the list price has room for bargaining and also when I trust the house is "priced to sell."
Every real estate agent will convince you they truly understand the housing market, but be mindful, and be sure to ask plenty of questions.
If things don't add up, contact 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 market knowledge will keep you a step above the rest throughout the entire process.
Step 5 – Find the home you've been waiting for
I'm sure we'll find your dream house in the Naples area. When we do, I'll precisely create your home purchase offer. The offer will be tailored keeping your needs in mind and the home, including some contingencies. A few examples are obtaining financing, finishing the home inspection, and a clear title.
When submitting your offer, you'll need to submit "earnest money." This is a cash deposit given to the seller to secure the offer to buy the property, and it's typically put towards the closing costs. If the offer is accepted by the seller, we should close within 30 to 60 days after. This allows necessary time for your mortgage financing.
Step 6 – Negotiate the deal
Most contracts aren't closed on the initial offer, and it's extremely common to receive a counter offer. But don't let it discourage you. We'll talk over whether or not to consent to the counter offer, propose our own counter offer, or decline the seller's offer and move on.
How aggressively we negotiate the contract depends on the state of the market.
In addition, we'll work within your financing limits. And when it's all said and done, we'll assemble a deal that works well for you.
Step 7 – Get a loan
After we sign the final deal, you'll begin working with your lender to close the loan.
If you've been pre-qualified, it won't take very long at all. However, you'll need to stay in close contact with your lender.
And I'll manage 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.
The estimate is based on the loan amount. RESPA requirements require that it has to contain all closing costs and fall within a close range of accuracy, and I'll review the estimate and let you know if everything looks good.
Then we'll close on your home. This should happen at a title company or escrow office and will most likely be a smooth and hassle-free occasion.
Step 9 – Move in
Congratulations! It's time to move into your new home. Enjoy it. And if you have any questions, make sure you call me at 866-300-1550 or e-mail me at .