Are you purchasing a home in Naples? Metro Properties can help.
Purchasing a home intimidates many people. However, with a little up-front planning, it isn't too confusing.
So they'll understand exactly what to expect, I like to give buyers an outline of the whole deal.
Below are my nine steps to purchasing a home.
When you're ready to get started, you can contact me here or e-mail me at . I'm glad to answer any questions you have regarding this information.
Step 1 – Get ready to buy a home
Before you begin searching for a home, there are a lot of things you should do.
When you start your search, you'll want to form a checklist of items you need, plan for what neighborhoods and school districts you want to live in, and begin planning your budget.
A good principle to follow is that your mortgage payment should be 1/3 of your net monthly income.
Step 2 – Communicate with a real estate agent in Naples
That's where I can help.
I'd love to arrange a time to meet with you and communicate with you regarding why you want to buy a home and get an idea of your future plans.
We'll talk about the mortgage industry, other economic factors that may affect your purchase today or in the future, as well as neighborhoods and school districts in the Naples area.
In addition, I'll assist you with 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 qualified.
Step 3 – Begin house hunting
After we meet for the first time, I'll start searching for available houses on the market that best suit you.
I'll get a sneak peek of most of the houses and remove the bad ones, and then we'll set up appointments to tour the homes when it's convenient for you.
As we tour homes, I'll point out positive features and bad ones. And I'll ask you to tell us about things you like and dislike.
Most often, buyers amend their list of must-haves as we tour houses and some things become far more crucial than others.
If that's the case, I'll search the listings once more and narrow it down to the home you've been waiting for.
Step 4 – Get a grasp of the housing market
My awareness of the Naples market is a fundamental element in your home search. I am conscious of all the school districts and neighborhoods, and I will let you know certain neighborhoods are "hot" and demand immediate action and the ones that are "cool" and allow for thoughtful consideration.
When we tour homes, I'll be sure to tell you when the list price has room for negotiation and also when I think the home is "priced to sell."
Every REALTOR will convince you they know 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'd be more than happy to answer any questions you have. My understanding of the market will keep you a step above the rest throughout the entire deal.
Step 5 – Find your dream home
We'll find the home of your dreams in Naples, and when we do, I'll precisely create your purchase offer. The offer will be made to suit your needs and the home. We'll include a lot of contingencies, such as acquiring financing, carrying out the home inspection, and a clean title.
When turning in your offer, you'll likely need to submit "earnest money." This is a cash deposit given to a home seller to secure the offer to purchase the property. The amount is most often put towards 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
Most deals aren't closed on the beginning offer, and it's extremely common to receive a counter offer. But don't let this alarm you. We'll talk about whether or not to consent to the counter offer, present 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 limits. And at the end of the day, we'll put together a contract that works well for you.
Step 7 – Secure your loan
Once we sign the final sales contract, you'll begin working with your lender to close the loan.
This shouldn't take much time at all if you've been pre-approved, but you'll need to keep in close contact with your lender.
And I'll take care of all the property information your mortgage lender will need to close the loan.
Step 8 – Close the deal
You'll get a Loan Estimate (LE) outlining closing costs from your lender within three days of getting your application.
This estimate depends on the loan amount, and RESPA requirements mandate that it has to involve all closing costs and be within a strict range of accuracy. I'll analyze the estimate and let you know if it all looks adequate.
Then it's time to close on your house. This should occur at a title company or escrow office and will most likely be a smooth and peaceful event.
Step 9 – Move in
Congratulations! It's time to move into your new home. Enjoy it. And if you have any questions, be sure to call me at 866-300-1550 or e-mail me at .