Let Metro Properties assist you with buying a new home in Naples
Purchasing a home is stressful for many people, but with some planning ahead of time, it's not very complex.
I like to supply buyers with an outline of the whole deal so they'll understand exactly what they can expect.
Below are my nine steps to purchasing a home.
Step 1 – Get ready to purchase a home
There are a lot of things you need to do prior to commencing your home search.
You'll probably want to assemble an index of must-have features, get a feeling for what school districts and neighborhoods you want to live in, and start planning your budget.
Ensuring your mortgage payment is less than 1/3 of your monthly income is a good rule of thumb to follow.
Step 2 – Get in touch with a real estate agent in Naples
This is where Metro Properties can help.
I'd be more than happy to set up a time to meet with you and communicate with you about why you want to buy a home and get an idea of your plans for the future.
We'll talk about everything from neighborhoods, school districts in the Naples area, the mortgage industry, to any other economic factors that may affect your purchase today or in the future.
I'll also assist you with getting started on your loan.
There are some excellent mortgage professionals in Naples, and I work with a lot of them, so you can rest assured that you're in great hands.
They can assist you in deciding which type of loan is best for you and help you get qualified.
Step 3 – Begin looking for a house
After our initial meeting, I'll start finding available houses on the market that suit your needs.
I'll get a sneak peek of most of the homes and exclude the bad ones, and then we'll schedule appointments to view the homes whenever it's most convenient for you.
As we tour the houses, I'll point out positive features and negative ones. I'll even ask you to talk about things you like and don't like.
Generally, buyers revise their must-have list as we tour houses and some features become far more important than others.
If that's the case, I'll search the listings another time and trim it down to the house you've been dreaming about.
Step 4 – Get a feel for the market
Your agent's knowledge of the Naples home market is a crucial factor in your home search. And I assure you I'm informed of all the neighborhoods and schools, and I will communicate certain areas are "hot" and require prompt action and the others that are "cool" and allow for more consideration.
When we view homes, I'll make sure to communicate if the seller's asking price has room for negotiation or if I believe the house is "priced to sell."
Be careful and be sure to ask lots of questions, as any REALTOR® in Naples will convince you they understand the home market.
If things don't add up, just call me at 800-252-6633 or e-mail me at email@example.com, and I'd be happy to answer your questions. My market knowledge will keep you a step above the rest throughout the entire process.
Step 5 – Find the house of your dreams
I'm positive we'll find the home of your dreams in the Naples area. When that happens, I'll thoroughly create your home purchase offer. The offer will be tailored keeping your needs in mind, including a lot of contingencies, such as obtaining financing, carrying out the inspection, and a clear title.
Upon turning in your purchase offer, you'll need to present "earnest money." This is a cash deposit made to a seller to secure an offer to purchase the property. The amount is typically applied to the closing costs. If your offer is accepted by the seller, we should close on the property within 30 to 60 days afterward. This allows enough time for your mortgage financing.
Step 6 – Negotiate the deal
Unfortunately most deals don't close on the first offer, and it's really common to receive a counter offer. But don't let it intimidate you. We'll figure out whether or not to agree to the counter offer, submit our own counter offer, or reject the seller's offer and move on.
Market circumstances will play a vital role in how aggressively we negotiate the deal.
We'll also work within your budget. And when it's all said and done, we'll formulate a contract that's best for you.
Step 7 – Get financing
Upon completion of the deal, you'll start working with your lender to close the loan.
If you're already pre-approved, it won't take very long at all. However, you should to stay in close contact with your mortgage lender.
And I'll care for all the property information your mortgage lender will need to close the loan.>
Step 8 – Close the deal
You'll get a Loan Estimate (LE) outlining your closing costs from your mortgage lender within three days of getting your application.
This estimate depends on the loan amount, and RESPA requirements order that it has to include all closing costs and fall within a narrow range of accuracy. I'll go over the estimate and let you know if it all looks all right.
Then it's time to close on your house. This should take place at a title company or escrow office and will probably be a smooth and stress-free occurrence.
Step 9 – Move in
Success! It's time to move into your new home. Enjoy it. And if you need anything, be sure to contact me at 800-252-6633 or send me an e-mail.