Are you buying a new home in Naples?
With some planning ahead of time, buying a home isn't too complex, but the event intimidates a lot of people.
So they'll know exactly what they can expect, I like to supply buyers with a road map of the whole deal.
Below are my nine steps to purchasing a home.
If you have any questions about any of this information or if you're prepared to get started, just contact me here or e-mail me at .
Step 1 – Get ready to purchase a home
There are a lot of things you'll want to take into account before you look for a home.
When you begin your search, you'll probably want to make a check list of items you want to have, get a feel for what school districts you'd like to live in, and start planning your budget.
Keeping your mortgage payment less than or close to a third of your net monthly income is a good guideline to follow.
Step 2 – Talk to a real estate agent in Naples
That's where I can help.
We'll schedule a time to get together so we can talk about why you want to buy a home and get an idea of your plans for the future.
We'll talk about the mortgage and housing industries, other economic factors that could affect your purchase today or in the future, as well as neighborhoods and school districts in the Naples area.
I'll also help you facilitate the loan process.
I partner with some of Naples's best mortgage professionals, so you can rest assured that you're in great hands.
They can help you choose which type of loan is best for you, as well as help you get qualified.
Step 3 – Start looking for a home
After we meet for the first time, I'll start looking for homes on the market that best suit you.
I'll preview many of the homes and exclude the bad ones, and then we'll schedule appointments to tour the homes when it's most convenient for you.
As we view the houses, I'll identify positive features and bad ones. I'll also ask you to tell us about things you like and don't like.
Oftentimes, buyers amend their must-have list as we view houses and some items become more necessary than others.
If such is the case, I'll look through all the listings one more time and trim it down to the house you've been dreaming about.
Step 4 – Comprehend the market
My understanding of the Naples home market is a fundamental component in your house search. I'm mindful of all the school districts and neighborhoods, and I will let you know some neighborhoods are "hot" and require prompt action and others that are "cold" and allow for careful analysis.
As we view houses, I'll make sure to communicate if the asking price has room for bargaining or if I believe the home is "priced to sell."
When working with an agent, trust your instincts and be sure to ask plenty of questions, as any real estate agent will claim to know the housing market.
If it appears they don't know everything, just call me at 866-300-1550 or e-mail me at , and I'd be more than happy to answer any questions you may have. My understanding of the market will keep you a step ahead throughout the entire process.
Step 5 – Find the home you've been looking for
We'll find your dream house in Naples, and when that happens, I'll carefully create your purchase offer. The offer will be tailored with your needs in mind and the home, including a lot of contingencies, such as obtaining financing, completing the home inspection, and a clean title.
Upon sending in your offer, you'll need to submit "earnest money." This is a cash deposit submitted to a home seller to secure an offer to buy the property. The amount is often applied to the closing costs. If the seller accepts the offer, we should close about 30 to 60 days after. This allows plenty of time for your mortgage financing.
Step 6 – Negotiate
Most contracts don't close on the first offer – it's pretty common to receive a counter offer. Don't let it discourage you. We'll figure out whether or not to agree to the counter offer, propose our own counter offer, or refuse the seller's offer and go on.
Market circumstances determine how aggressively we negotiate the deal.
In addition, we'll work within your budget. And at the end of the day, we'll put together a deal that is best for you.
Step 7 – Secure a loan
After we sign the final sales contract, you'll begin working with your mortgage lender to close the loan.
This shouldn't take very long at all if you're pre-qualified, but you should to stay in close contact with your lender.
And I'll deal with 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) of closing costs from your mortgage lender within three days of accepting your loan application.
The estimate is formed from the loan amount, and RESPA requirements dictate that it has to include all closing costs and be within a close range of accuracy. 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 happen at a title company or escrow office and should be a smooth and relaxing occurrence.
Step 9 – Move in
Congratulations! It's time to move into your new home. Enjoy it. And if you have any questions, simply contact me at 866-300-1550 or e-mail me at .