Looking to buy your new home in Naples? Metro Properties can help.
Buying a home intimidates many people, but it's not too difficult with some up-front planning.
So they'll know exactly what they can expect, I will provide buyers with an outline of the entire deal.
Here are my nine steps to buying a home.
If 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 a home
There are several things you need to contemplate before commencing your home search.
When you begin your search, you'll probably want to form an index of must-have features, get a feeling for what school districts you'd like to live in, and begin planning your budget.
Ensuring your mortgage payment is less than or close to 30 percent of your monthly income is a good rule to follow.
Step 2 – Talk to a real estate agent in Naples
This is where Metro Properties comes in.
I'd love to set up a time to meet with you and communicate with you about why you want to buy a home and get an idea of your upcoming plans.
We'll talk about everything from neighborhoods, school districts in the Naples area, the mortgage industry, to any other economic factors that may potentially affect your purchase today or in the future.
I'll also help you begin the loan process.
Metro Properties partners with some of the finest mortgage professionals in Naples, so you can rest assured that you're in great hands.
They'll help you decide which type of loan is best for you, as well as help you get qualified.
Step 3 – Begin house hunting
After our first meeting, I'll begin looking for available houses on the market that are a good fit for you.
I'll preview many of the houses and remove the bad ones, and then we'll book appointments to tour the homes whenever it's most convenient for you.
When we tour homes, I'll show you the good features and negative ones. I'll even ask you to talk about things you like and don't like.
It's widely common for buyers to revise their wish list as we tour homes and some items become more necessary than others.
If that's the situation, I'll search the listings another time and narrow it down to the house of your dreams.
Step 4 – Know the housing market
My knowledge of the Naples home market is a fundamental component in your home search. I am mindful of all the neighborhoods and school districts, and I'll alert you to what areas are "hot" and call for prompt action and others that are "cold" and allow for careful consideration.
As we tour houses, I'll let you know if the asking price has room for negotiation or if I believe the home is "priced to sell."
Be mindful and be sure to ask a lot of questions, as any real estate agent will claim to comprehend the market.
If it seems like they don't know everything, just call me at 800-252-6633 or e-mail me at , and I'd be glad to answer any questions you have. My understanding of the market will help you stay a step ahead through the entire deal.
Step 5 – Find the house of your dreams
We'll find your dream home in the Naples area, and when that happens, I'll precisely create your home purchase offer. The offer will be tailored to suit your needs and the home, including several contingencies. A few examples are obtaining financing, carrying out the home inspection, and a clear title.
Upon presenting your offer, you'll want to present "earnest money." This is a cash deposit made to the home seller to secure the offer to buy the property, and it's typically put towards the closing costs. If your offer is accepted, we should close on the property within 30 to 60 days after. This allows sufficient time for your mortgage financing.
Step 6 – Negotiate
A lot of deals don't close on the beginning offer – it's widely common to receive a counter offer. Don't let it intimidate you. We'll talk about whether or not to agree to the counter offer, submit our own counter offer, or refuse the seller's offer and go on.
Market circumstances will play a part in how aggressively we negotiate the deal.
In addition, we'll work within your budget. And at the end of the day, we'll create a contract that is best for you.
Step 7 – Obtain a loan
After we sign the final contract, you'll begin working with your lender to close the loan.
If you're pre-qualified, this won't be a long process at all. But you should to stay in close contact with your lender.
And I'll manage all the property information your 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 receiving your loan application. You'll get a Loan Estimate (LE) detailing your closing costs from your lender within three days of getting your loan application.
The estimate depends on the loan amount, and RESPA requirements order that it has to involve all closing costs and be within a precise range of accuracy. I'll review the estimate and let you know if it all looks permissible.
Then it's time to close on your home. This will most often take place at a title company or escrow office and should be a smooth and stress-free affair.
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 800-252-6633 or e-mail me at .