Purchasing your home in Naples with Metro Properties
Purchasing a home is intimidating for most people, but it's not very hard with a bit of planning ahead of time.
So they'll understand exactly what they can expect, I'll supply buyers with an overview of the entire deal.
Below are my nine steps to purchasing a home.
If you have questions about this information or if you're prepared to get started, simply contact me here or e-mail me at .
Step 1 – Prepare to buy
There are a lot of things you'll want to contemplate before beginning your home search.
When you start your search, you'll probably want to put together a check list of must-have features, plan for what neighborhoods you want to live in, and start planning around your budget.
Keeping your mortgage payment around 1/3 of your monthly income is a good rule to follow.
Step 2 – Communicate with a real estate agent in Naples
That's where I can help.
I'd be happy to plan a time to get together with you and communicate with you regarding your real estate needs and get an idea of your upcoming plans.
We'll discuss neighborhoods, schools in the Naples area, the mortgage industry, and any other economic factors that could potentially affect your buying decision today or in the future.
I can also help you begin the loan process.
There are some excellent mortgage professionals in Naples, and I partner with a lot of them, so you'll be in great hands.
They can help you choose which kind of loan is best for you, as well as help you get approved.
Step 3 – Begin looking for a home
After our initial meeting, I'll start searching for houses on the market that are a good fit for you.
I'll get a sneak peek of most of the houses and eliminate the bad ones, and then we'll book appointments to tour the homes at a time that's convenient for you.
When we view the houses, I'll point out good features and negative ones. And I'll ask you to tell us about things you like and don't like.
It's widely common for buyers to revise their wish list as we view homes and some things become more important than others.
If that's the case, I'll look through all the listings once again and narrow it down to the house of your dreams.
Step 4 – Comprehend the market
My knowledge of the Naples housing market is a necessary agent in your house search. I am conscious of all the neighborhoods and schools, and I will let you know some areas are "hot" and demand prompt action and the ones that are "cool" and allow for careful analysis.
As we view homes, I'll let you know if the list price has room for negotiation or if I believe the home is "priced to sell."
Be mindful and be sure to ask your agent plenty of questions, as any real estate agent in Naples will convince you they truly understand the home market.
If it doesn't seem like they know everything, contact me at 800-252-6633 or e-mail me at , and I'd be happy to answer any questions you may have. My market knowledge will help you stay a step ahead throughout the entire process.
Step 5 – Find your dream house
We'll find the house of your dreams in the Naples area, and when that happens, I'll thoroughly develop your real estate purchase offer. The offer will be tailored with your needs in mind and the home, including several contingencies. A few examples are acquiring financing, carrying out the home inspection, and a clear title.
Upon presenting your purchase offer, most likely you'll need to present "earnest money." This is a cash deposit submitted to the home seller to secure an offer to buy the property and is typically applied to the closing costs. If the seller accepts your offer, we should close on the property within 30 to 60 days after. This allows ample time for your mortgage financing.
Step 6 – Negotiate
Unfortunately most contracts don't close on the initial offer – it's pretty common to receive a counter offer. But don't let this alarm you. We'll discuss whether or not to agree to the counter offer, submit our own counter offer, or refuse 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 assemble a contract that works well for you.
Step 7 – Secure a loan
After we sign the final deal, you'll begin working with your mortgage lender to close the loan.
This shouldn't be a long process at all if you're already pre-approved, but you should to stay in close contact with your mortgage lender.
And I'll look after all the property information your mortgage lender needs to close the loan.
Step 8 – Close the deal
You'll get a Loan Estimate (LE) of closing costs from your mortgage lender within three days of taking your application.
This estimate depends on the loan amount, and RESPA requirements dictate that it has to contain all closing costs and fall within a close range of accuracy. I'll analyze the estimate and let you know if everything looks okay.
Then it's time to close on your home. This will probably occur at a title company or escrow office and should be a smooth and calm affair.
Step 9 – Move in
Congratulations! It's time to move into your new house. Enjoy it. And if you have any questions, make sure you call me at 800-252-6633 or e-mail me at .