Are you contemplating buying your new home in Naples?
Purchasing a home is intimidating for many people, but it's not too confusing with some planning ahead of time.
So they understand exactly what to expect, I'll give buyers an outline of the entire deal.
Below are my nine steps to buying a home.
When you're ready to get started, simply contact me here or e-mail me at . I'm happy to address any questions you have about this information.
Step 1 – Get ready to buy
There are many things you'll want to consider prior to beginning your home search.
When you begin your search, you'll probably want to create a list of features you want, get a feel for what neighborhoods and school districts you'd like to live in, and begin planning your budget.
Keeping your mortgage payment around 1/3 of your monthly income is a good principle to go by.
Step 2 – Speak with a real estate agent
That's where I come in.
I'd be happy to schedule a time to meet with you and speak with you regarding your real estate needs and get an idea of your future plans.
We'll talk about neighborhoods, school districts in the Naples area, the mortgage and housing industries, and any other economic factors that may potentially affect your purchase today or in the future.
I'll also help you start the loan process.
There are some excellent mortgage professionals in Naples, and I partner with a lot of them, so you can rest assured that you're in great hands.
They'll help you choose which kind of loan is best for you, as well as help you get qualified.
Step 3 – Start your home search
After our initial meeting, I'll begin finding available homes on the market that are great for you.
I'll get a sneak peek of many of the homes and eliminate the duds, and then we'll schedule appointments to tour the homes when it's most convenient for you.
When we view the houses, I'll call attention to good features, as well as bad ones. And I'll ask you to talk about things you like and dislike.
Most often, buyers revise their list of must-haves as we tour houses and some things become more crucial than others.
If such is the case, I'll go back through all the listings again and trim it down to the house of your dreams.
Step 4 – Comprehend the housing market
My understanding of the Naples home market is a crucial factor in your house search. I am conscious of all the neighborhoods and schools, and I can communicate some districts are "hot" and require immediate action and some that are "cool" and allow for thoughtful examination.
As we view houses, I'll let you know when the asking price has room for negotiation and also when I trust the home is "priced to sell."
Be on guard and make sure you ask plenty of questions, as every REALTOR in Naples will claim to comprehend the market.
If things don't add up, contact me at 800-252-6633 or e-mail me at , and I'll be more than happy to answer any questions you may have. My knowledge of the market will keep you a step ahead through the entire deal.
Step 5 – Find your dream home
We'll find your dream home in Naples, and when we do, I'll thoroughly create your home 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 clean title.
Upon submitting your offer, you'll likely want to present "earnest money." This is a cash deposit submitted to a seller to secure an offer to purchase the property, and it's typically applied to the cost of closing. If your offer is accepted by the seller, we should close on the property about 30 to 60 days after. This allows sufficient time for your mortgage financing.
Step 6 – Negotiate
Unfortunately most contracts aren't closed on the initial offer – it's very common to receive a counter offer. Don't let it discourage you. We'll discuss whether or not to take the counter offer, present our own counter offer, or decline the seller's offer and go on.
How aggressively we negotiate the contract depends on market conditions.
We'll also work within your financing limits. And when it's all said and done, we'll formulate a deal that is best for you.
Step 7 – Secure financing
Upon finalizing the deal, you'll start working with your mortgage lender to close the loan.
If you're pre-qualified, this shouldn't take much time at all. But you need to keep in close contact with your mortgage lender.
And I'll handle all the property information your lender needs to close the loan.
Step 8 – Close the deal
You'll get a Loan Estimate (LE) of closing costs from your lender within three days of getting your application.
The estimate is formed from the loan amount. RESPA requirements dictate that it has to contain all closing costs and fall within a narrow range of accuracy, and I'll go over the estimate and let you know if everything looks permissible.
Then we'll close on your home. This should take place at a title company or escrow office and should be a smooth and peaceful affair.
Step 9 – Move in
Congratulations! Now you can move into your new house. Enjoy it. And if you have any questions, be sure to call me at 800-252-6633 or e-mail me at .