Let Metro Properties help you with purchasing your new home in Naples
For many people, purchasing a home is a stressful event. However, with some up-front planning, it's not too difficult.
I like to give buyers a road map of the whole deal so they know exactly what to expect.
These are my nine steps to buying a home.
Should you have questions about this information or if you're ready to get started, you can contact me here or e-mail me at .
Step 1 – Get ready to purchase a home
There are a lot of things you should contemplate prior to commencing your home search.
You'll probably want to put together a checklist of items you want, get a feel for what neighborhoods you want to live in, and begin planning around your budget.
A good guideline to go by is that your mortgage payment should be less than or close to 30 percent of your net monthly income.
Step 2 – Get in touch with a real estate agent
This is where I can help.
We can set up a time to meet 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 could affect your buying decision today or in the future, as well as neighborhoods and school districts in the Naples area.
I can also help you begin the loan process.
Metro Properties partners with some of Naples's finest mortgage professionals, so you can rest assured that you're in great hands.
They will help you determine which type of loan is best for you, as well as help you get approved.
Step 3 – Begin your search
Following our initial meeting, I'll start looking for houses on the market that best suit you.
I'll research many of the homes and reject the bad ones, and then we'll set up appointments to tour the homes whenever it's convenient for you.
As we view houses, I'll identify positive features and negative ones. And I'll ask you what things you like and dislike.
Most often, buyers amend their must-have list as we tour houses and some items become more important than others.
If such is the case, I'll search the listings again and narrow it down to the home you've been wishing for.
Step 4 – Know the housing market
My understanding of the Naples home market is an essential aspect in your house search. I am mindful of all the schools and neighborhoods, and I can alert you to what areas are "hot" and warrant immediate action and some that are "cool" and allow for careful analysis.
When we view homes, I'll be sure to tell you when the seller's asking price has room for bargaining and also when I think the home is "priced to sell."
Every REALTOR will claim to know the housing market, but be mindful, and be sure to ask your agent plenty of questions.
If things don't add up, contact me at 800-252-6633 or e-mail me at , and I'd be more than happy to answer any questions you might have. My market expertise will keep you a step above the rest through the entire deal.
Step 5 – Find the house you've been looking for
We'll find the house of your dreams in Naples, and 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 several contingencies. A few examples are getting financing, carrying out the inspection, and a clear title.
When sending in your purchase offer, you'll want to submit "earnest money." This is a cash deposit made to the home seller to secure the offer to buy the property, and it's often put towards the cost of closing. If the seller accepts your offer, we should close on the property within 30 to 60 days afterward. This allows necessary time for your mortgage financing.
Step 6 – Negotiate the deal
A lot of deals aren't closed on the beginning 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 take the counter offer, propose our own counter offer, or decline the seller's offer and move on.
How aggressively we negotiate the deal depends on market conditions.
We'll also work within your financing limits. And when it's all said and done, we'll compose a deal 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.
If you're pre-qualified, this won't take very long at all. But you'll want to stay in close contact with your lender.
And I'll sort out all the property information your mortgage lender needs to close the loan.
Step 8 – Close the deal
Your mortgage lender will furnish you with a Loan Estimate (LE) outlining your closing costs within three days of receiving your application. You'll get a Loan Estimate (LE) detailing closing costs from your lender within three days of taking your loan application.
This estimate rests on the loan amount, and RESPA requirements mandate that it has to involve all closing costs and be within a narrow range of accuracy. I'll go over the estimate and let you know if everything looks permissible.
Then we'll close on your house. This will likely take place at a title company or escrow office and will probably be a smooth and easygoing occurrence.
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 contact me at 800-252-6633 or e-mail me at .