Buying or selling a home? Metro Properties can help.
Purchasing a home can be stressful for most people. However, with a bit of planning ahead of time, it isn't that complex.
So they'll understand exactly what to expect, I will supply buyers with an outline of the whole deal.
Here are my nine steps to purchasing a home.
If you have questions regarding this information or if you're ready to get started, just contact me here or e-mail me at .
Step 1 – Get ready to purchase
Before you begin your home search, there are plenty of things you'll want to take into account.
It's likely that you'll want to create an outline of items you want, get a plan of what school districts you'd like to live in, and begin planning your budget.
Ensuring your mortgage payment is less than or close to a third of your monthly income is a good guideline to go by.
Step 2 – Connect with a real estate agent in Naples
That's where I can help.
We can set up a time to meet so we can talk about why you want to buy a home and get an idea of your plans for the future.
We'll discuss 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.
There are some excellent mortgage professionals in Naples, and I work with a lot of them, so you can rest assured that you're in great hands.
They can help you determine which type of loan is best for you, as well as help you get qualified.
Step 3 – Start looking
After we meet, I'll start finding homes on the market that meet your needs.
I'll preview many of the houses and reject the duds, and then we'll schedule appointments to tour the homes whenever it's most convenient for you.
When we view the houses, I'll point out positive 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 more important than others.
If that happens, I'll go back through all the listings another time and narrow it down to the home you've been wishing for.
Step 4 – Understand the housing market
My knowledge of the Naples market is a leading component in your house search. I am informed of all the neighborhoods and schools, and I'll communicate certain neighborhoods are "hot" and require immediate action and the ones that are "cool" and allow for cautiousness.
When we view homes, I'll make sure to communicate if the seller's list price has room for bargaining or if I believe the house is "priced to sell."
Be on guard and be sure to ask a lot of questions, as any REALTOR in Naples will tell you they truly understand the home market.
If things don't add up, just call me at 866-300-1550 or e-mail me at , and I'll be more than happy to answer any questions you might have. My knowledge of the market will keep you a step above the rest through the entire deal.
Step 5 – Find the home of your dreams
We'll find your dream house in Naples, and when we do, I'll carefully develop your real estate purchase offer. The offer will be tailored keeping your needs in mind and the home, including a lot of contingencies. A few examples are acquiring financing, completing the inspection, and a clean title.
When sending in your offer, most likely you'll need to present "earnest money." This is a cash deposit made to the home seller to secure an offer to purchase the property. The amount is typically applied to the cost of closing. If the seller accepts the offer, we should close within 30 to 60 days afterward. This allows ample time for your mortgage financing.
Step 6 – Negotiate
A lot of contracts aren't closed on the initial offer, and it's extremely common to receive a counter offer. But don't let this alarm you. We'll consider whether or not to agree to the counter offer, submit our own counter offer, or decline the seller's offer and move on.
How aggressively we negotiate the contract depends on market conditions.
We'll also work within your budget. And when it's all said and done, we'll put together a contract that works well for you.
Step 7 – Get your loan
Once we sign the final contract, you'll begin working with your mortgage lender to close the loan.
If you're already pre-qualified, this won't take long at all. However, 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
Your mortgage lender will provide you with a Loan Estimate (LE) detailing closing costs within three days of receiving your application. You'll get a Loan Estimate (LE) of closing costs from your mortgage lender within three days of receiving your application.
This estimate depends on the loan amount, and RESPA requirements order that it has to include all closing costs and be within a tight range of accuracy. I'll study the estimate and let you know if everything looks good.
Then it's time to close on your house. This will probably happen at a title company or escrow office and should be a smooth and hassle-free affair.
Step 9 – Move in
Congratulations! It's time to move into your new home. Enjoy it. And if you have any questions, be sure to contact me at 866-300-1550 or e-mail me at .