Buying or selling a home in Naples?
Purchasing a home is a stressful event for a lot of people, but with some planning ahead of time, it isn't that complicated.
I like to provide buyers with an outline of the entire deal so they know exactly what they can expect.
These are my nine steps to purchasing a home.
When you're ready to get started, you can contact me here or e-mail me at . I'm glad to address any questions you have about this information.
Step 1 – Get ready to purchase
Prior to starting your home search, there are plenty of things you should consider.
You'll want to put together a check list of features you need, get a feeling for what neighborhoods and school districts you'd like to live in, and begin planning your budget.
Ensuring your mortgage payment is less than or close to 1/3 of your monthly income is a good rule of thumb to adhere to.
Step 2 – Communicate with a real estate agent in Naples
This is where Metro Properties can help.
We can set up a time to meet so we can talk about your real estate needs and get an idea of your future plans.
We'll discuss the mortgage and housing industries, other economic factors that may potentially affect your purchase today or in the future, as well as neighborhoods and schools in the Naples area.
I'll also help you start the loan process.
Metro Properties partners with some of the best mortgage professionals in Naples, so you can rest assured that you're in great hands.
They can assist you in figuring out which type of loan is best for you and help you get approved.
Step 3 – Start looking for a house
After our first meeting, I'll start searching for homes on the market that are great for you.
I'll get a sneak peek of most of the homes and reject the duds, and then we'll schedule appointments to tour the homes at a time that's convenient for you.
As we tour homes, I'll point out positive features, as well as bad ones. And I'll ask you about things you like and dislike.
As a rule, buyers update their wish list as we view homes and some things become far more crucial than others.
If that happens, I'll look through all the listings another time and trim it down to the home of your dreams.
Step 4 – Know the market
My awareness of the Naples housing market is a leading aspect in your house search. I'm conscious of all the neighborhoods and school districts, and I'll alert you to some districts are "hot" and require prompt action and others that are "cold" and allow for thoughtful consideration.
As we view houses, I'll make sure to communicate when the seller's list price has room for negotiation and also when I know the house is "priced to sell."
When working with an agent, be careful and be sure to ask a lot of questions. Every real estate agent will tell you they truly understand the housing market.
If things don't add up, call 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 market knowledge will help you stay a step ahead throughout the entire deal.
Step 5 – Find the house you've been waiting for
I'm positive we'll find your dream home in the Naples area. When that happens, I'll thoroughly create your purchase offer. The offer will be tailored with your needs in mind and the home, including many contingencies, such as getting financing, finishing the home inspection, and a clean title.
When we present your offer, you'll need to present "earnest money." This is a cash deposit submitted to the seller to secure an offer to buy the property and is typically applied to the closing costs. If your offer is accepted by the seller, we should close on the home within 30 to 60 days afterward. This allows sufficient time for your mortgage financing.
Step 6 – Negotiate the deal
Most deals don't close on the initial offer. It's extremely common to receive a counter offer. Don't let this intimidate you. We'll talk over whether or not to consent to the counter offer, submit our own counter offer, or reject the seller's offer and move on.
Market circumstances determine how aggressively we negotiate the deal.
We'll also work within your financing limits. And when it's all said and done, we'll put together a deal that works well for you.
Step 7 – Secure a loan
After the contract is finalized, you'll start working with your mortgage lender to close the loan.
If you're already pre-approved, it won't be a long process at all, but you need to stay in close contact with your mortgage lender.
And I'll take care of all the property information your mortgage lender needs 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 loan application.
The estimate is based on the loan amount, and RESPA requirements order that it has to contain all closing costs and fall within a tight range of accuracy. I'll study the estimate and let you know if everything looks okay.
Then it's time to close on your home. This will most often occur at a title company or escrow office and will most often be a smooth and hassle-free occasion.
Step 9 – Move in
Congratulations! Now you can move into your new home. Enjoy it. And if you need anything or have any questions, just contact me at 866-300-1550 or e-mail me at .