Purchasing a home in Naples
For a lot of people, purchasing a home can be an intimidating event. However, with some planning ahead of time, it's not that hard.
So they'll understand exactly what they can expect, I like to provide buyers with an outline of the entire deal.
Below are my nine steps to buying a home.
When you're ready to get started, you can contact me here or e-mail me at . I'm happy to address questions you have regarding this information.
Step 1 – Get ready to purchase
There are plenty of things you need to do before you search for a home.
It's likely that you'll want to create an index of items you want, get a plan of what school districts and neighborhoods you want to live in, and start planning your budget.
Ensuring your mortgage payment is around a third of your monthly income is a good rule of thumb to adhere to.
Step 2 – Communicate with a real estate agent in Naples
That's where I come in.
I'd be happy to arrange a time to meet with you and speak with you about your real estate needs and get an idea of your upcoming plans.
We'll discuss neighborhoods, schools in the Naples area, the mortgage and housing industries, and any additional economic factors that might affect your buying decision today or in the future.
I'll also help you start the loan process.
I partner with some of the finest mortgage professionals in Naples, so you can rest assured that you're in great hands.
They can help you determine which kind of loan is best for you, as well as help you get qualified.
Step 3 – Start looking for a home
After our initial meeting, I'll begin finding houses on the market that are great for you.
I'll get a sneak peek of most of the homes and ignore the duds, and then we'll book appointments to tour the homes whenever it's most convenient for you.
As we tour homes, I'll call attention to positive features and negative ones. I'll also ask you to tell us about things you like and dislike.
Usually, buyers revise their wish list as we view homes and some features become far more important than others.
If that's the case, I'll search all the listings another time and trim it down to the house you've been dreaming about.
Step 4 – Get a grasp of the market
My knowledge of the Naples housing market is a leading agent in your house search. I'm familiar with all the neighborhoods and school districts, and I can alert you to some areas are "hot" and call for prompt action and some that are "cold" and allow for more consideration.
As we view houses, I'll let you know if the seller's asking price has room for bargaining or if I believe the home is "priced to sell."
Any REALTOR in Naples will convince you they truly know the market, but keep an eye out, and make sure you ask a lot of questions.
If things don't add up, contact me at 866-300-1550 or e-mail me at , and I'll be more than happy to answer any questions you may have. My understanding of the market will help you stay a step ahead through the entire deal.
Step 5 – Find the house you've been looking for
We'll find the house of your dreams in Naples, and when that happens, I'll carefully create your home purchase offer. The offer will be made to suit your needs and the home. We'll include many contingencies, such as getting financing, completing the inspection, and a clean title.
When turning in your purchase offer, you'll need to present "earnest money." This is a cash deposit submitted to the home seller to secure the offer to purchase the property, and it's most often put towards the cost of closing. If your offer is accepted, we should close on the property within 30 to 60 days after. This allows necessary time for your mortgage financing.
Step 6 – Negotiate the deal
Most contracts don't close on the beginning offer – it's pretty common to receive a counter offer. But don't let it discourage you. We'll discuss whether or not to agree to the counter offer, submit our own counter offer, or decline the seller's offer and go on.
The state of the market will play a part in how aggressively we negotiate the deal.
We'll also work within your financing constraints. And at the end of the day, we'll formulate a contract that works well for you.
Step 7 – Obtain financing
Once we sign the final deal, you'll start working with your lender to close the loan.
It shouldn't take long at all if you're pre-qualified, but you'll need to stay in close contact with your mortgage lender.
And I'll take care of all the property information your 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 taking your application.
This estimate is based on the loan amount. RESPA requirements mandate that it has to contain all closing costs and fall within a close range of accuracy, and I'll analyze the estimate and let you know if everything looks okay.
Then it's time to close on your home. This will probably occur at a title company or escrow office and will most often be a smooth and calm occurrence.
Step 9 – Move in
Congratulations! It's time to move into your new house. Enjoy it. And if you have any questions, be sure to contact me at 866-300-1550 or e-mail me at .