Are you purchasing a home in Naples? Metro Properties can help.
Purchasing a home is stressful for many people. However, with a little planning ahead of time, it's not that complex.
We like to supply buyers with an outline of the whole deal so they'll understand exactly what to expect.
Below are our nine steps to buying a home.
When you're ready to get started, you can contact us here or send us e-mail
. We're glad to answer any questions you have about this information.
Step 1 – Prepare to buy
There are plenty of things you'll want to take into account before commencing your home search.
You'll most likely want to create an outline of features you want, get a plan of what neighborhoods you want to live in, and start planning around your budget.
Keeping your mortgage payment less than or close to 1/3 of your net monthly income is a good principle to go by.
Step 2 – Get with a real estate agent
That's where we come in.
We'd be happy to set up a time to meet with you and communicate with you regarding your real estate needs and get an idea of your plans for the future.
We'll talk about the mortgage industry, other economic factors that might affect your buying decision today or in the future, as well as neighborhoods and schools in the Naples area.
We can also help you start the loan process.
We partner with some of the best mortgage professionals in Naples, so you're in great hands.
They will help you decide which kind of loan is best for you, as well as help you get qualified.
Step 3 – Begin looking for a home
After our first meeting, we'll begin finding houses on the market that are a great fit for you.
We'll preview most of the homes and eliminate the bad ones, and then we'll set up appointments to view the homes whenever it's most convenient for you.
When we view homes, we'll call attention to positive features, as well as bad ones. we'll even ask you to point out what things you like and dislike.
It's widely common for buyers to amend their list of must-haves as we view houses and some features become far more important than others.
If that's the case, we'll go back through all the listings once more and narrow it down to the house you've been wishing for.
Step 4 – Get a grasp of the market
An agent's knowledge of the Naples market is an essential aspect in your house search. And we can assure you we're well-versed in all the schools and neighborhoods, and we'll communicate some neighborhoods are "hot" and demand prompt action and the ones that are "cool" and allow for careful analysis.
As we view houses, we'll let you know when the seller's list price has room for negotiation and when we think the home is "priced to sell."
Every REALTOR® in Naples will tell you they truly know the market, but be wary, and be sure to ask lots of questions.
If things don't add up, call us at 800-252-6633 or e-mail us at email@example.com, and we'll be glad to answer any questions you might have. Our knowledge of the market will keep you a step ahead through the entire process.
Step 5 – Find the home you've been looking for
We know we'll find your dream home in Naples. When we do, we'll carefully develop your purchase offer. The offer will be tailored with your needs in mind, including some contingencies. A few examples are getting financing, finishing the inspection, and a clear title.
When turning in your purchase offer, you'll need to present "earnest money." This is a cash deposit made to a home seller to secure an offer to purchase the property and is usually applied to the cost of closing. If your offer is accepted, we should close on the home about 30 to 60 days afterward. This allows enough time for your mortgage financing.
Step 6 – Negotiate the deal
A lot of contracts don't close on the first offer – it's really common to receive a counter offer. But don't let it discourage you. We'll figure out whether or not to take the counter offer, present our own counter offer, or decline the seller's offer and move on.
The state of the market determines how aggressively we negotiate the contract.
We'll also work within your financing budget. And when it's all said and done, we'll create a deal that is best for you.
Step 7 – Secure a loan
Upon signing the deal, you'll begin working with your mortgage lender to close the loan.
If you've been pre-qualified, it won't be a long process at all. But you should to keep in close contact with your mortgage lender.
And we'll deal with all the property information your lender will need to close the loan.>
Step 8 – Close the deal
Your lender will send you a Good Faith Estimate (GFE) of your closing costs within three days of receiving your loan application.
The estimate is based on the loan amount. RESPA requirements order that it has to involve all closing costs and fall within a close range of accuracy, and we'll analyze the estimate and let you know if it all looks okay.
Then it's time to close on your home. This will likely happen at a title company or escrow office and should be a smooth and stress-free affair.
Step 9 – Move in
Success! Now you can move into your new home. Enjoy it. And if you need anything or have any questions, make sure you contact us at 800-252-6633 or send us an e-mail.