Buying or selling a home in Naples?
With a little planning ahead of time, buying a home isn't too confusing, but the event can be stressful for many people.
So they know exactly what to expect, I will provide buyers with an outline of the entire deal.
Here are my nine steps to purchasing a home.
If you have 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 – Prepare to purchase a home
There are a lot of things you'll want to do prior to commencing your home search.
When you begin your search, you'll want to make an index of items you want, get a plan of what school districts you want to live in, and begin planning around your budget.
Ensuring your mortgage payment is less than or around a third of your net monthly income is a good rule of thumb to follow.
Step 2 – Communicate with a real estate agent
That's where I can help.
We can set up a time to get together so we can talk 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 get started on your loan.
There are some great mortgage professionals in Naples, and I work with a lot of them, so you're in great hands.
They'll assist you in choosing which kind of loan is best for you and help you get qualified.
Step 3 – Start your search
After our initial meeting, I'll begin searching for available houses on the market that meet your needs.
I'll get a sneak peek of most of the homes and remove the bad ones, and then we'll book appointments to tour the houses whenever it's convenient for you.
When we tour houses, I'll point out positive features and negative ones. And I'll ask you about things you like and don't like.
As a rule, buyers amend their wish list as we view houses and some things become more important than others.
If such is the case, I'll look through all the listings once again and trim it down to the house you've been wishing for.
Step 4 – Know the market
An agent's understanding of the Naples housing market is an imperative agent in your house search. And I assure you I'm informed of all the neighborhoods and schools, and I will communicate some neighborhoods are "hot" and require prompt action and the ones that are "cool" and allow for careful analysis.
As we view homes, I'll be sure to tell you when the seller's asking price has room for negotiation and also when I believe the house is "priced to sell."
When working with an agent, be mindful and make sure you ask lots of questions. Every real estate agent will claim to truly know the housing market.
If it seems like they don't know everything, call me at 866-300-1550 or e-mail me at , and I'd be more than happy to answer any questions you may have. My knowledge of the market will keep you a step above the rest through the entire process.
Step 5 – Find the house of your dreams
I'm confident we'll find your dream house in Naples. When that happens, I'll thoroughly develop your purchase offer. The offer will be tailored keeping your needs in mind and the home, including many contingencies, such as getting financing, finishing the inspection, and a clear title.
When we send in your offer, you'll likely need to submit "earnest money." This is a cash deposit made to the home seller to secure the offer to purchase the property, and it's most often applied to the closing costs. If your offer is accepted, we should close on the home within 30 to 60 days afterward. This allows enough time for your mortgage financing.
Step 6 – Negotiate
Most contracts aren't closed on the beginning offer – it's really common to receive a counter offer. Don't let it discourage you. We'll discuss whether or not to agree to the counter offer, propose our own counter offer, or decline the seller's offer and go on.
How aggressively we negotiate the deal depends on market circumstances.
In addition, we'll work within your financing budget. And when it's all said and done, we'll assemble a deal that is best for you.
Step 7 – Secure a loan
Upon completing the contract, you'll start working with your mortgage lender to close the loan.
If you've been pre-approved, this won't be a long process at all. But you should to stay in close contact with your lender.
And I'll look after all the property information your lender needs to close the loan.
Step 8 – Close the deal
You'll get a Loan Estimate (LE) detailing your closing costs from your mortgage lender within three days of taking your loan application.
This estimate is based on the loan amount. RESPA requirements require that it has to involve all closing costs and fall within a narrow range of accuracy, and I'll examine the estimate and let you know if it all looks okay.
Then we'll close on your house. This will likely happen at a title company or escrow office and should be a smooth and calm event.
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, make sure you contact me at 866-300-1550 or e-mail me at .