Are you purchasing your home in Naples?
Buying a home is stressful for many people, but it's not that complex with some planning ahead of time.
I like to furnish buyers with an outline of the entire deal so they know exactly what to expect.
These 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 answer any questions you have about this information.
Step 1 – Get ready to purchase
Prior to beginning your home search, there are a lot of things you should contemplate.
You'll want to assemble a checklist of features you need to have, get a feel for what school districts you want to live in, and start planning around your budget.
Ensuring your mortgage payment is less than or close to 30 percent of your monthly income is a good rule of thumb to adhere to.
Step 2 – Contact a real estate agent in Naples
This is where Metro Properties comes in.
We'll set up a time to meet so we can talk about why you want to buy a home and get an idea of your upcoming plans.
We'll talk about everything from neighborhoods, school districts in the Naples area, the mortgage industry, to any other economic factors that could potentially affect your buying decision today or in the future.
In addition, I'll help you begin the loan process.
There are some excellent mortgage professionals in Naples, and I work with a lot of them, so you're in great hands.
They can 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, I'll start searching for houses on the market that are a great fit for you.
I'll research most of the houses and ignore the bad ones, and then we'll set up appointments to tour the homes whenever it's most convenient for you.
When we view the houses, I'll identify good features, as well as negative ones. I'll also ask you about things you like and don't like.
For the most part, buyers change their must-have list as we tour houses and some items become more crucial than others.
If that's the situation, I'll search all the listings another time and trim it down to the house you've been wishing for.
Step 4 – Understand the housing market
My knowledge of the Naples home market is a fundamental component in your home search. I'm mindful of all the neighborhoods and schools, and I'll communicate which neighborhoods are "hot" and warrant immediate action and others that are "cool" and allow for careful examination.
As we view houses, I'll let you know when the list price has room for negotiation and when I trust the house is "priced to sell."
Any real estate agent will convince you they truly know the housing market, but take note, and be sure to ask a lot of questions.
If things don't add up, call me at 800-252-6633 or e-mail me at , and I'll 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 deal.
Step 5 – Find your dream house
We'll find your dream house 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 many contingencies, such as acquiring financing, completing the inspection, and a clean title.
Upon sending in your offer, you'll want to submit "earnest money." This is a cash deposit given to the home seller to secure the offer to buy the property. The amount is most often put towards the closing costs. If the seller accepts the offer, we should close on the property about 30 to 60 days after. This allows necessary 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. Don't let it alarm you. We'll discuss whether or not to take the counter offer, propose our own counter offer, or decline the seller's offer and move on.
How aggressively we negotiate the contract depends on the state of the market.
In addition, we'll work within your financing limits. And when it's all said and done, we'll compose a contract that's best for you.
Step 7 – Obtain a loan
Upon finishing the contract, you'll start working with your mortgage lender to close the loan.
This shouldn't take much time at all if you're already pre-approved, but you'll want to stay in close contact with your lender.
And I'll manage 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) detailing closing costs from your mortgage lender within three days of taking your application.
The estimate depends on the loan amount, and RESPA requirements order that it has to involve all closing costs and be within a close range of accuracy. I'll analyze the estimate and let you know if it all looks permissible.
Then it's time to close on your home. This will most likely occur at a title company or escrow office and should be a smooth and comfortable event.
Step 9 – Move in
Congratulations! It's time to move into your new home. Enjoy it. And if you need anything or have any questions, make sure you call me at 800-252-6633 or e-mail me at .