Looking to purchase your new home in Naples? Metro Properties can help.
Buying a home is an intimidating event for a lot of people, but it's not all that hard with a little planning ahead of time.
I like to supply buyers with an overview of the entire deal so they know exactly what they can expect.
Below are my nine steps to buying a home.
Should you have any questions about any of this information or if you're prepared to get started, simply contact me here or e-mail me at .
Step 1 – Get ready to buy
There are several things you should take into account prior to starting your home search.
When you start your search, you'll probably want to form a list of items you want to have, 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 guideline to go by.
Step 2 – Talk to a real estate agent in Naples
That's where I come in.
I'd love to set up a time to meet with you and speak with you regarding why you want to buy a home and get an idea of your plans for the future.
We'll talk about neighborhoods, school districts in the Naples area, the mortgage industry, and any additional economic factors that may potentially affect your purchase today or in the future.
I can also assist you in getting started on your loan.
There are some excellent mortgage professionals in Naples, and I partner with a lot of them, so you'll be in great hands.
They can assist you with choosing which type of loan is best for you and help you get approved.
Step 3 – Begin looking for a house
After our first meeting, I'll begin searching for homes on the market that meet your needs.
I'll get a sneak peek of many of the houses and exclude the bad ones, and then we'll set up appointments to tour the homes whenever it's convenient for you.
As we view the homes, I'll point out positive features, as well as negative ones. I'll also ask you to point out what things you like and dislike.
It's pretty common for buyers to revise their must-have list as we tour houses and some features become more essential than others.
If that happens, I'll look through all the listings one more time and trim it down to the home you've been dreaming about.
Step 4 – Understand the housing market
My knowledge of the Naples housing market is an essential component in your house search. I'm familiar with all the schools and neighborhoods, and I will alert you to some areas are "hot" and require immediate action and the ones that are "cold" and allow for cautiousness.
As we view houses, I'll let you know when the asking price has room for bargaining and also when I believe the house is "priced to sell."
Any real estate agent in Naples will claim to understand the market, but beware, and be sure to ask lots 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 knowledge of the market will keep you a step above the rest throughout the entire process.
Step 5 – Find the house of your dreams
We'll find your dream home in the Naples area, and when we do, I'll precisely develop your home purchase offer. The offer will be tailored to suit your needs and the home, including some contingencies. A few examples are obtaining financing, finishing the inspection, and a clean title.
When sending in your offer, most likely 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 it's usually put towards the closing costs. If the offer is accepted by the seller, we should close on the property about 30 to 60 days afterward. This allows enough time for your mortgage financing.
Step 6 – Negotiate
A lot of deals aren't closed on the initial offer. It's very common to receive a counter offer. Don't let this discourage you. We'll figure out whether or not to consent to the counter offer, submit our own counter offer, or decline the seller's offer and move on.
Market circumstances will play a large role in how aggressively we negotiate the contract.
In addition, we'll work within your financing budget. And when it's all said and done, we'll formulate a deal that is best for you.
Step 7 – Secure financing
After we sign the final deal, you'll begin working with your mortgage lender to close the loan.
If you're pre-approved, it shouldn't take very long at all. But you should to stay in close contact with your lender.
And I'll take care of all the property information your mortgage lender will need to close the loan.
Step 8 – Close the deal
Your mortgage lender will send you a Loan Estimate (LE) of closing costs within three days of getting your loan application. You'll get a Loan Estimate (LE) of closing costs from your lender within three days of getting your application.
This estimate rests on the loan amount, and RESPA requirements require that it has to contain all closing costs and fall within a precise range of accuracy. I'll go over the estimate and let you know if everything looks good.
Then we'll close on your home. This will most often take place at a title company or escrow office and will likely be a smooth and relaxing occasion.
Step 9 – Move in
Congratulations! It's time to move into your new house. Enjoy it. And if you have any questions, simply contact me at 866-300-1550 or e-mail me at .