Let Metro Properties assist you with purchasing a new home in Naples
For most people, buying a home can be an intimidating event. However, with a little up-front planning, it's not that hard.
So they understand exactly what they can expect, I'll give buyers a road map of the whole deal.
Below are my nine steps to purchasing a home.
Should you have 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 buy a home
There are several things you'll want to contemplate before you start looking for a home.
You'll want to assemble a check list of features you want to have, plan for what school districts and neighborhoods you want to live in, and start planning your budget.
Keeping your mortgage payment around 30 percent of your net monthly income is a good guideline to adhere to.
Step 2 – Talk to a real estate agent
This is where Metro Properties comes in.
We can schedule 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 may affect your buying decision today or in the future, as well as neighborhoods and school districts in the Naples area.
I'll also help you start the loan process.
There are some great mortgage professionals in Naples, and I partner with a lot of them, so you can rest assured that you're in great hands.
They will assist you in determining which type of loan is best for you and help you get qualified.
Step 3 – Start looking for a home
After we meet for the first time, I'll begin looking for houses on the market that are a great fit for you.
I'll preview most of the houses and ignore the bad ones, and then we'll schedule appointments to tour the homes whenever it's most convenient for you.
When we tour houses, I'll point out positive features and bad ones. I'll also ask you to tell us about things you like and don't like.
It's common for buyers to update their must-have list as we tour houses and some features become far more essential than others.
If that's the situation, I'll go back through all the listings again and trim it down to the house you've been wishing for.
Step 4 – Get a grasp of the housing market
My awareness of the Naples housing market is a crucial component in your home search. I'm mindful of all the neighborhoods and school districts, and I'll let you know which neighborhoods are "hot" and require immediate action and the ones that are "cool" and allow for more examination.
As we view houses, I'll make sure to communicate if the seller's list price has room for negotiation or if I believe the house is "priced to sell."
When working with an agent, be careful and be sure to ask lots of questions, as any real estate agent will claim to truly know the home market.
If it doesn't seem like they know everything, call me at 866-300-1550 or e-mail me at , and I'd be happy to answer any questions you may have. My understanding of the market will keep you a step above the rest through the entire process.
Step 5 – Find the home of your dreams
I'm sure we'll find the house of your dreams in the Naples area. When that happens, I'll precisely develop your home purchase offer. The offer will be tailored keeping your needs in mind and the home, including some contingencies, such as getting financing, finishing the home inspection, and a clear title.
When turning in your offer, you'll probably need to submit "earnest money." This is a cash deposit submitted to a seller to secure the offer to buy the property. The amount is usually put towards the cost of closing. If the seller accepts the offer, we should close on the home about 30 to 60 days afterward. This allows necessary time for your mortgage financing.
Step 6 – Negotiate
A lot of deals don't close on the initial offer – it's really common to receive a counter offer. Don't let it discourage you. We'll discuss whether or not to accept the counter offer, present our own counter offer, or reject the seller's offer and move on.
How aggressively we negotiate the contract depends on the state of the market.
We'll also work within your financing constraints. And at the end of the day, we'll create a contract that works well for you.
Step 7 – Obtain your loan
Once we sign the final deal, you'll start working with your mortgage lender to close the loan.
If you've been pre-approved, it shouldn't take much time at all. But you need to stay in close contact with your lender.
And I'll sort out all the property information your lender will need to close the loan.
Step 8 – Close the deal
Your lender will give you a Loan Estimate (LE) detailing your closing costs within three days of getting your application. You'll get a Loan Estimate (LE) detailing your closing costs from your mortgage lender within three days of receiving your loan application.
The estimate is based on the loan amount, and RESPA requirements order that it has to involve all closing costs and fall within a close range of accuracy. I'll analyze the estimate and let you know if everything looks adequate.
Then we'll close on your house. This should happen at a title company or escrow office and is often a smooth and pleasant occurrence.
Step 9 – Move in
Congratulations! It's time to move into your new house. Enjoy it. And if you need anything or have any questions, just call me at 866-300-1550 or e-mail me at .