Contemplating purchasing a new home in Naples? Metro Properties can help.

For most people, buying a home can be a stressful event. However, with a bit of planning ahead of time, it isn't all that confusing. I like to give buyers an outline of the whole deal so they'll know exactly what they can expect. These are my nine steps to purchasing a home. When you're ready to get started, just contact me here or e-mail me at . I'm happy to answer questions you have regarding this information.

Step 1 – Prepare to buy
There are many things you need to take into account before you search for a home. When you begin your search, you'll probably want to form a check list of must-have features, get a feel for what school districts and neighborhoods you want to live in, and begin planning your budget. A good rule to follow is that your mortgage payment should be less than or close to a third of your monthly income.

Step 2 – Talk to a real estate agent
This is where Metro Properties can help. We'll arrange a time to get together so we can talk about why you want to buy a home and get an idea of your plans for the future. We'll discuss everything from neighborhoods, school districts in the Naples area, the mortgage industry, to any other economic factors that could potentially affect your purchase today or in the future.

In addition, I'll 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 assist you with determining which kind of loan is best for you and help you get approved.

Step 3 – Begin looking for a home
After we meet, I'll start looking for available houses on the market that best suit you. I'll research many of the homes and remove the duds, and then we'll schedule appointments to tour the homes when it's convenient for you.

When we tour the homes, I'll show you the positive features and negative ones. I'll even ask you to point out what things you like and dislike. For the most part, buyers revise their must-have list as we view homes and some things become far more necessary than others. If that's the situation, I'll search the listings another time and narrow it down to the home of your dreams.

Step 4 – Know the housing market
Your agent's understanding of the Naples market is a necessary element in your house search. And I assure you I'm familiar with all the school districts and neighborhoods, and I'll let you know which neighborhoods are "hot" and demand prompt action and some that are "cool" and allow for thoughtful analysis.

As we view houses, I'll make sure to communicate when the list price has room for bargaining and when I trust the home is "priced to sell." Be on guard and make sure you ask your agent plenty of questions, as any real estate agent in Naples will convince you they understand the home market. If it seems like they don't know everything, call me at 800-252-6633 or e-mail me at , and I'd be glad to answer any questions you might have. My understanding of the market will keep you a step ahead through the entire process.

Step 5 – Find the house of your dreams
I'm confident we'll find your dream house in the Naples area. When that happens, I'll meticulously create your real estate purchase offer. The offer will be made to suit your needs and the home. We'll include several contingencies, such as obtaining financing, carrying out the home inspection, and a clear title.

When we present your purchase offer, most likely you'll need to present "earnest money." This is a cash deposit given to a seller to secure the offer to purchase the property and is typically put towards the cost of closing. If the offer is accepted, we should close about 30 to 60 days afterward. This allows necessary time for your mortgage financing.

Step 6 – Negotiate
Most deals aren't closed on the first offer – it's extremely common to receive a counter offer. But don't let this intimidate you. We'll discuss whether or not to take the counter offer, propose our own counter offer, or decline the seller's offer and go on.

How aggressively we negotiate the deal depends on market conditions. In addition, we'll work within your financing budget. And at the end of the day, we'll compose a deal that is best for you.

Step 7 – Get a loan
Upon completion of the contract, you'll start working with your lender to close the loan. If you've been pre-qualified, this shouldn't be a long process at all. However, you'll want to stay in close contact with your lender. And I'll care for all the property information your lender will need to close the loan.

Step 8 – Close the deal
You'll get a Loan Estimate (LE) of your closing costs from your lender within three days of getting your application. This estimate depends on the loan amount, and RESPA requirements dictate that it has to involve all closing costs and fall within a close range of accuracy. I'll review the estimate and let you know if everything looks permissible.

Then we'll close on your home. This will most often happen at a title company or escrow office and should be a smooth and calm occasion.

Step 9 – Move in
Congratulations! It's time to move into your new home. Enjoy it. And if you have any questions, simply contact me at 800-252-6633 or e-mail me at .

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