Purchasing your home in Naples
Purchasing a home is a stressful event for a lot of people, but with a little up-front planning, it's not very difficult.
I like to supply buyers with a road map of the entire deal so they know exactly what they can expect.
Here 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 questions you have about this information.
Step 1 – Prepare to buy a home
There are many things you need to consider before starting your home search.
When you begin your search, you'll probably want to assemble a list of must-have features, get a feeling for what neighborhoods you'd like to live in, and start planning your budget.
A good rule to follow is that your mortgage payment should be less than or around 1/3 of your monthly income.
Step 2 – Talk to a real estate agent in Naples
This is where I can help.
We'll set up a time to get together so we can talk 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 might affect your purchase today or in the future, as well as neighborhoods and schools in the Naples area.
I can also help you get started on your loan.
There are some great mortgage professionals in Naples, and I partner with a lot of them, so you're 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 your home search
After our first meeting, I'll start finding available houses on the market that suit your needs.
I'll get a sneak peek of many of the homes and ignore the duds, and then we'll set up appointments to tour the homes when it's convenient for you.
As we view the homes, I'll identify positive features, as well as bad ones. And I'll ask you about things you like and don't like.
It's pretty common for buyers to update their list of must-haves as we tour houses and some features become more important than others.
If such is the case, I'll look through the listings once more and narrow it down to the house you've been wishing for.
Step 4 – Comprehend the housing market
My understanding of the Naples market is a leading factor in your home search. I am informed of all the neighborhoods and school districts, and I can communicate some districts are "hot" and warrant prompt action and the ones that are "cool" and allow for cautiousness.
When we view houses, I'll be sure to tell you if the seller's list price has room for bargaining or if I believe the house is "priced to sell."
Be careful and make sure you ask lots of questions, as any REALTOR in Naples will tell you they comprehend the housing market.
If it appears they don't know everything, contact me at 866-300-1550 or e-mail me at , and I'll be happy to answer your questions. My understanding of the market will keep you a step above the rest through the entire deal.
Step 5 – Find the home you've been looking for
We'll find the house of your dreams in the Naples area, and when we do, I'll precisely develop your purchase offer. The offer will be tailored exactly to your needs and the home, including many contingencies, such as getting financing, carrying out the inspection, and a clean title.
When we send in your offer, you'll probably need to submit "earnest money." This is a cash deposit submitted to a home seller to secure an offer to purchase the property and is most often applied to the cost of closing. If the offer is accepted, we should close on the home about 30 to 60 days afterward. This allows plenty of time for your mortgage financing.
Step 6 – Negotiate the deal
Most deals don't close on the first offer – it's widely common to receive a counter offer. But don't let this intimidate you. We'll talk over whether or not to accept the counter offer, present our own counter offer, or reject the seller's offer and move on.
The state of the market determines how aggressively we negotiate the contract.
We'll also work within your financing constraints. And at the end of the day, we'll put together a contract that's best for you.
Step 7 – Obtain a loan
After the contract is complete, you'll start working with your mortgage lender to close the loan.
If you're already pre-approved, this won't be a long process at all, but you'll need to stay in close contact with your 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) outlining your closing costs from your mortgage lender within three days of taking your application.
The estimate is formed from the loan amount, and RESPA requirements require that it has to involve all closing costs and fall within a tight range of accuracy. I'll examine the estimate and let you know if everything looks good.
Then it's time to close on your house. This will likely happen at a title company or escrow office and is often a smooth and calm event.
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 .