Looking to purchase your new home in Naples? Metro Properties can help.
For many people, buying a home can be an intimidating event. However, with a little planning ahead of time, it's not all that complicated.
I like to supply buyers with an outline of the whole deal so they'll understand exactly what to expect.
These are my nine steps to purchasing a home.
Should you have questions about this information or if you're prepared to get started, just contact me here or e-mail me at .
Step 1 – Prepare to purchase a home
There are many things you should contemplate prior to starting your home search.
It's likely that you'll want to put together a list of items you need, get a feeling for what neighborhoods and school districts you want to live in, and begin working on your budget.
Keeping your mortgage payment less than or around a third of your monthly income is a good principle to adhere to.
Step 2 – Speak with a real estate agent in Naples
This is where Metro Properties can help.
I'd like to plan a time to get together with you and speak with you regarding why you want to buy a home and get an idea of your upcoming plans.
We'll discuss everything from neighborhoods, schools in the Naples area, the mortgage industry, to any other economic factors that could affect your purchase today or in the future.
I'll also help you begin the loan process.
There are some very good mortgage professionals in Naples, and I partner with a lot of them, so you'll be in great hands.
They'll help you choose which type of loan is best for you, as well as help you get qualified.
Step 3 – Begin house hunting
After our first meeting, I'll begin looking for available houses on the market that suit your needs.
I'll get a sneak peek of most of the houses and throw out the bad ones, and then we'll set up appointments to view the houses when it'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 dislike.
As a rule, buyers update their list of must-haves as we tour homes and some items become more essential than others.
If that happens, I'll go back through all the listings another time and trim it down to the home you've been waiting for.
Step 4 – Know the housing market
My awareness of the Naples market is an essential component in your home search. I'm conscious of all the neighborhoods and schools, and I will communicate some neighborhoods are "hot" and demand immediate action and others that are "cold" and allow for more examination.
When we view homes, I'll be sure to tell you when the seller's list price has room for negotiation and also when I believe the house is "priced to sell."
When working with an agent, trust your instincts and make sure you ask a lot of questions. Every real estate agent in Naples will claim to truly understand the market.
If it seems like they don't know everything, just call me at 800-252-6633 or e-mail me at , and I'd be happy to answer any questions you may have. My understanding of the market will keep you a step above the rest throughout the entire process.
Step 5 – Find the house of your dreams
I'm sure we'll find your dream house in the Naples area. When we do, I'll carefully develop your home purchase offer. The offer will be made to suit your needs and the home. We'll include some contingencies, such as obtaining financing, completing the home inspection, and a clear title.
When presenting your purchase offer, you'll probably want to submit "earnest money." This is a cash deposit made to a seller to secure the offer to buy the property, and it's often applied to the closing costs. If your offer is accepted, we should close about 30 to 60 days afterward. This allows ample time for your mortgage financing.
Step 6 – Negotiate
A lot of deals don't close on the initial offer – it's really common to receive a counter offer. But don't let it intimidate you. We'll talk over whether or not to take the counter offer, submit our own counter offer, or reject the seller's offer and move on.
How aggressively we negotiate the deal depends on market circumstances.
We'll also work within your financing limits. And when it's all said and done, we'll formulate a contract that's best for you.
Step 7 – Get your loan
Upon finalizing the deal, you'll start 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 need to keep in close contact with your lender.
And I'll take care of all the property information your lender needs to close the loan.
Step 8 – Close the deal
You'll get a Loan Estimate (LE) outlining your closing costs from your lender within three days of getting your loan application.
The estimate rests on the loan amount, and RESPA requirements require that it has to contain all closing costs and be within a strict range of accuracy. I'll review the estimate and let you know if it all looks all right.
Then we'll close on your house. This will probably take place at a title company or escrow office and will likely be a smooth and easygoing occasion.
Step 9 – Move in
Congratulations! It's time to move into your new house. Enjoy it. And if you need anything, be sure to call me at 800-252-6633 or e-mail me at .