Purchasing your new home in Naples
Buying a home can be stressful for most people. However, with a bit of up-front planning, it's not very complicated.
So they know exactly what they can expect, I'll provide buyers with an overview of the whole deal.
Here 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 answer questions you have about this information.
Step 1 – Prepare to purchase a home
There are plenty of things you'll want to consider before starting your home search.
When you start your search, you'll want to form a check list of must-have features, get an idea of what neighborhoods and school districts you'd like to live in, and start planning your budget.
A good guideline to follow is that your mortgage payment should be close to 1/3 of your monthly income.
Step 2 – Speak with a real estate agent in Naples
That's where I come in.
I'd like to book a time to get together with you and communicate with you about your real estate needs and get an idea of your plans for the future.
We'll talk about the mortgage and housing industries, other economic factors that may affect your purchase today or in the future, as well as neighborhoods and school districts in the Naples area.
I'll also help you begin the loan process.
Metro Properties works with some of Naples's best mortgage professionals, so you'll be in great hands.
They'll help you figure out which kind of loan is best for you, as well as help you get qualified.
Step 3 – Start house hunting
After our initial meeting, I'll begin finding houses on the market that meet your needs.
I'll research most of the houses and eliminate the bad ones, and then we'll book appointments to tour the homes whenever it's most convenient for you.
As we view homes, I'll call attention to good features and bad ones. I'll also ask you to point out what things you like and don't like.
It's common for buyers to amend their must-have list as we view houses and some things become far more substantial than others.
If that happens, I'll search all the listings another time and narrow it down to the house of your dreams.
Step 4 – Get a grasp of the housing market
My awareness of the Naples home market is an imperative factor in your house search. I'm mindful of all the neighborhoods and schools, and I can communicate certain districts are "hot" and require prompt action and the ones that are "cool" and allow for more examination.
When we tour houses, I'll be sure to tell you when the seller's asking price has room for bargaining and when I know the home is "priced to sell."
When working with an agent, be on guard and be sure to ask a lot of questions, as every REALTOR in Naples will convince 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'd be glad to answer any questions you may have. My market knowledge will keep you a step ahead throughout the entire process.
Step 5 – Find the home of your dreams
We'll find your dream house in Naples, and when that happens, I'll meticulously develop your real estate purchase offer. The offer will be made to fit your needs and the home. We'll include many contingencies, such as obtaining financing, carrying out the home inspection, and a clean title.
When submitting your purchase offer, you'll want to present "earnest money." This is a cash deposit made to a home seller to secure an offer to buy the property and is often applied to the closing costs. If the offer is accepted, we should close within 30 to 60 days afterward. This allows enough time for your mortgage financing.
Step 6 – Negotiate
Unfortunately most contracts aren't closed on the first offer. It's pretty common to receive a counter offer. But don't let it discourage 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.
How aggressively we negotiate the contract depends on market circumstances.
We'll also work within your financing limits. And at the end of the day, we'll assemble a deal that is best for you.
Step 7 – Get your loan
After the contract is complete, you'll begin working with your lender to close the loan.
If you've been pre-approved, it won't take very long at all, but you need to stay 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
You'll get a Loan Estimate (LE) of your closing costs from your mortgage lender within three days of getting your application.
The estimate depends on the loan amount. RESPA requirements dictate that it has to contain all closing costs and fall within a precise range of accuracy, and I'll examine the estimate and let you know if it all looks adequate.
Then we'll close on your house. This should occur at a title company or escrow office and will most likely be a smooth and hassle-free occurrence.
Step 9 – Move in
Congratulations! Now you can move into your new home. Enjoy it. And if you need anything, make sure you contact me at 866-300-1550 or e-mail me at .