Let Metro Properties assist you in buying a new home in Naples
Purchasing a home is intimidating for a lot of people, but it isn't very complex with a little up-front planning.
So they know exactly what they can expect, I'll furnish buyers with an overview of the whole deal.
These are my nine steps to purchasing a home.
If you have any questions regarding this information or if you're ready to get started, simply contact me here or e-mail me at .
Step 1 – Get ready to purchase
There are a lot of things you should consider before you search for a home.
You'll want to make a list of items you want to have, get a plan of what neighborhoods and school districts you'd like to live in, and begin planning your budget.
Ensuring your mortgage payment is less than a third of your net monthly income is a good rule to follow.
Step 2 – Get in touch with a real estate agent
This is where Metro Properties can help.
I'd love to book a time to meet with you and speak with you about why you want to buy a home and get an idea of your future plans.
We'll discuss 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 can also help you begin the loan process.
There are some great mortgage professionals in Naples, and I partner with a lot of them, so you're in great hands.
They will assist you in choosing which kind of loan is best for you and help you get approved.
Step 3 – Start looking
After we meet for the first time, I'll start searching for available houses on the market that are good for you.
I'll preview most of the homes and remove the duds, and then we'll schedule appointments to tour the houses at a time that's convenient for you.
As we view homes, I'll call attention to good features and negative ones. I'll also ask you to talk about things you like and don't like.
It's widely common for buyers to update their list of must-haves as we view homes and some things become far more crucial than others.
If that happens, I'll go back through all the listings once again and trim it down to the home you've been wishing for.
Step 4 – Understand the market
Your agent's awareness of the Naples home market is a crucial agent in your home search. And I assure you I'm conscious of all the schools and neighborhoods, and I'll let you know what neighborhoods are "hot" and call for immediate action and some that are "cold" and allow for thoughtful consideration.
As we tour homes, I'll make sure to communicate when the seller's asking price has room for negotiation and when I think the house is "priced to sell."
When working with an agent, trust your instincts and make sure you ask a lot of questions, as every real estate agent in Naples will tell you they understand the housing market.
If things don't add up, just call me at 866-300-1550 or e-mail me at , and I'll be happy to answer any questions you might have. My market knowledge will keep you a step ahead through the entire process.
Step 5 – Find the home of your dreams
We'll find the home of your dreams in the Naples area, and when we do, I'll precisely create your home purchase offer. The offer will be tailored to suit your needs and the home, including several contingencies. A few examples are getting financing, carrying out the inspection, and a clear title.
When we submit your purchase offer, you'll need to present "earnest money." This is a cash deposit made to the home seller to secure an offer to buy the property and is usually put towards the cost of closing. If your offer is accepted, we should close on the home within 30 to 60 days after. This allows sufficient time for your mortgage financing.
Step 6 – Negotiate the deal
Most contracts aren't closed on the initial offer – it's widely common to receive a counter offer. Don't let it alarm 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 determines how aggressively we negotiate the deal.
In addition, we'll work within your financing constraints. And at the end of the day, we'll put together a deal that works well for you.
Step 7 – Obtain your loan
After we sign the final contract, you'll start working with your mortgage lender to close the loan.
This won't take long at all if you've been pre-qualified, but you need to keep in close contact with your mortgage lender.
And I'll manage all the property information your mortgage lender will need to close the loan.
Step 8 – Close the deal
Your lender will provide you with a Loan Estimate (LE) outlining closing costs within three days of getting your loan application. You'll get a Loan Estimate (LE) outlining your closing costs from your lender within three days of taking your loan application.
This estimate is based on the loan amount, and RESPA requirements dictate that it has to contain all closing costs and fall within a narrow range of accuracy. I'll analyze the estimate and let you know if everything looks okay.
Then we'll close on your home. This will likely occur at a title company or escrow office and will most likely be a smooth and easygoing occasion.
Step 9 – Move in
Congratulations! It's time to move into your new house. Enjoy it. And if you need anything, be sure to contact me at 866-300-1550 or e-mail me at .