Looking to buy a new home in Naples? Metro Properties can help.
With a little planning ahead of time, buying a home isn't very difficult, but the event can be stressful for a lot of people.
I like to furnish buyers with an overview of the whole deal so they'll know exactly what they can expect.
These are my nine steps to purchasing a home.
If you have any questions about any of this information or if you're ready to get started, just contact me here or e-mail me at .
Step 1 – Prepare to buy a home
There are several things you need to do prior to commencing your home search.
It's likely that you'll want to create a checklist of items you want, get a plan of what neighborhoods you want to live in, and start planning your budget.
Keeping your mortgage payment around 30 percent of your monthly income is a good principle to adhere to.
Step 2 – Get in touch with a real estate agent in Naples
That's where I come in.
I'd like to arrange 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 neighborhoods, school districts in the Naples area, the mortgage industry, and any other economic factors that could potentially affect your buying decision today or in the future.
I'll also help you facilitate the loan process.
There are some great mortgage professionals in Naples, and I work with a lot of them, so you're in great hands.
They can help you figure out which type of loan is best for you, as well as help you get approved.
Step 3 – Begin house-hunting
Following our first meeting, I'll start looking for available homes on the market that meet your needs.
I'll research most of the homes and throw out the bad ones, and then we'll schedule appointments to view the houses when it's most convenient for you.
As we view houses, I'll show you the positive features, as well as bad ones. I'll even ask you what things you like and don't like.
It's pretty common for buyers to change their must-have list as we view homes and some things become more substantial than others.
If that's the case, I'll search the listings once more and trim it down to the house of your dreams.
Step 4 – Comprehend the market
Your agent's understanding of the Naples market is a leading aspect in your house search. And I can assure you I'm acquainted with all the neighborhoods and schools, and I'll let you know certain areas are "hot" and call for immediate action and the ones that are "cold" and allow for more analysis.
When we view homes, I'll make sure to communicate when the list price has room for negotiation and when I think the home is "priced to sell."
Be mindful and be sure to ask a lot of questions, as every real estate agent in Naples will convince you they understand the housing market.
If it doesn't seem like they know everything, just call me at 866-300-1550 or e-mail me at , and I'll be more than happy to answer your questions. My understanding of the market will keep you a step ahead throughout the entire process.
Step 5 – Find the home you've been waiting for
I know we'll find your dream home in Naples. When we do, I'll meticulously create your purchase offer. The offer will be tailored keeping your needs in mind and the home, including a lot of contingencies, such as obtaining financing, completing the home inspection, and a clean title.
When we present your offer, you'll want to submit "earnest money." This is a cash deposit given to a seller to secure an offer to purchase the property and is often applied to the cost of closing. If your offer is accepted by the seller, we should close on the home within 30 to 60 days after. This allows plenty of time for your mortgage financing.
Step 6 – Negotiate
Most contracts aren't closed on the first offer, and it's very common to receive a counter offer. But don't let it alarm you. We'll talk about whether or not to accept the counter offer, present our own counter offer, or refuse the seller's offer and go on.
Market conditions will play a big part in how aggressively we negotiate the contract.
We'll also work within your budget. And at the end of the day, we'll put together a deal that works well for you.
Step 7 – Secure a loan
After we sign the final deal, you'll start working with your lender to close the loan.
If you've been pre-approved, it shouldn't be a long process at all, but you need to keep in close contact with your lender.
And I'll take care of 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) detailing closing costs from your lender within three days of taking your application.
The estimate is formed from the loan amount. RESPA requirements require that it has to involve all closing costs and fall within a strict range of accuracy, and I'll analyze the estimate and let you know if it all looks permissible.
Then it's time to close on your house. This will most often take place at a title company or escrow office and will most often be a smooth and stress-free event.
Step 9 – Move in
Congratulations! Now you can move into your new house. Enjoy it. And if you need anything, simply call me at 866-300-1550 or e-mail me at .