Buying or selling a home? Metro Properties can help.
Purchasing a home is intimidating for a lot of people, but it isn't very complicated with a bit of up-front planning.
So they know exactly what to expect, I'll give buyers an outline of the entire deal.
Below are my nine steps to buying a home.
If you have questions about this information or if you're ready to get started, just contact me here or e-mail me at .
Step 1 – Get ready to buy a home
Prior to starting your home search, there are a lot of things you'll want to take into account.
When you start your search, you'll want to assemble a checklist of features you want to have, plan for what school districts you want to live in, and begin working on your budget.
Ensuring your mortgage payment is less than or around 1/3 of your monthly income is a good guideline to adhere to.
Step 2 – Talk to a real estate agent in Naples
This is where I come in.
We'll book a time to get together so we can talk about why you want to buy a home and get an idea of your upcoming plans.
We'll discuss everything from neighborhoods, school districts in the Naples area, the mortgage industry, to any other economic factors that may affect your buying decision today or in the future.
In addition, I'll assist you in 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 type of loan is best for you, as well as help you get approved.
Step 3 – Begin looking for a home
After our first meeting, I'll begin finding houses on the market that suit your needs.
I'll research many of the houses and throw out the duds, and then we'll set up appointments to tour the homes at a time that's convenient for you.
As we view the homes, I'll identify good features, as well as bad ones. And I'll ask you what things you like and don't like.
It's pretty common for buyers to amend their must-have list as we tour houses and some items become more crucial than others.
If that's the situation, I'll go back through the listings another time and trim it down to the home you've been wishing for.
Step 4 – Comprehend the housing market
Your agent's understanding of the Naples market is an imperative aspect in your house search. And I assure you I'm conscious of all the neighborhoods and schools, and I can let you know certain areas are "hot" and demand prompt action and the ones that are "cold" 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 when I think the house is "priced to sell."
Trust your instincts and make sure you ask your agent a lot of questions, as any REALTOR will convince you they comprehend the home market.
If it appears they don't know everything, contact me at 800-252-6633 or e-mail me at , and I'd be more than happy to answer any questions you have. My market knowledge will keep you a step above the rest throughout the entire deal.
Step 5 – Find the house of your dreams
I'm confident we'll find your dream home in Naples. When we do, I'll carefully develop your purchase offer. The offer will be made to fit your needs and the home. We'll include some contingencies, such as acquiring financing, completing the home inspection, and a clear title.
Upon sending in your offer, you'll want to present "earnest money." This is a cash deposit made to a home seller to secure an offer to buy the property, and it's usually applied to the cost of closing. If your offer is accepted, we should close about 30 to 60 days after. This allows necessary time for your mortgage financing.
Step 6 – Negotiate
Most contracts aren't closed on the initial offer, and it's very common to receive a counter offer. But don't let this intimidate you. We'll talk over whether or not to consent to the counter offer, submit our own counter offer, or refuse the seller's offer and go on.
Market conditions determine how aggressively we negotiate the contract.
We'll also work within your financing budget. And at the end of the day, we'll assemble a deal that is best for you.
Step 7 – Secure your loan
After we sign the final contract, you'll start working with your lender to close the loan.
It shouldn't take very long at all if you're pre-approved, but you'll want to keep in close contact with your lender.
And I'll care for all the property information your mortgage lender will need to close the loan.
Step 8 – Close the deal
Your lender will send you a Loan Estimate (LE) outlining closing costs within three days of accepting your application. You'll get a Loan Estimate (LE) outlining closing costs from your mortgage lender within three days of getting your application.
The estimate depends on the loan amount. RESPA requirements mandate that it has to contain all closing costs and be within a close range of accuracy, and I'll analyze the estimate and let you know if it all looks permissible.
Then we'll close on your house. This will likely happen at a title company or escrow office and will likely be a smooth and relaxed event.
Step 9 – Move in
Congratulations! Now you can move into your new home. Enjoy it. And if you need anything, make sure you call me at 800-252-6633 or e-mail me at .