Contemplating purchasing a home in Naples? Metro Properties can help.
Purchasing a home is an intimidating event for many people, but with a little planning ahead of time, it's not too difficult.
So they'll know exactly what they can expect, I'll furnish buyers with an outline of the whole deal.
These are my nine steps to buying a home.
When you're ready to get started, you can contact me here or e-mail me at . I'm happy to address any questions you have regarding this information.
Step 1 – Get ready to buy a home
There are plenty of things you'll want to do prior to starting your home search.
You'll want to make an index of items you want to have, plan for what neighborhoods you want to live in, and start planning around your budget.
A good guideline to adhere to is that your mortgage payment should be less than or around a third of your monthly income.
Step 2 – Speak with a real estate agent
This is where I can help.
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 potentially affect your purchase today or in the future, as well as neighborhoods and school districts in the Naples area.
I'll also assist you in getting started on your loan.
There are some very good mortgage professionals in Naples, and I partner with a lot of them, so you'll be in great hands.
They can assist you with determining which kind of loan is best for you and help you get qualified.
Step 3 – Begin your search
After our initial meeting, I'll start looking for available homes on the market that best suit you.
I'll preview most of the houses and remove the bad ones, and then we'll schedule appointments to tour the homes whenever it's convenient for you.
When we view houses, I'll identify good features, as well as bad ones. I'll even ask you about things you like and don't like.
Generally, buyers change their list of must-haves as we tour homes and some items become more substantial than others.
If that happens, I'll search all the listings once again and narrow it down to the home you've been wishing for.
Step 4 – Know the housing market
My awareness of the Naples home market is a necessary factor in your home search. I'm acquainted with all the neighborhoods and school districts, and I'll alert you to some areas are "hot" and call for immediate action and others that are "cool" and allow for cautiousness.
When we view homes, I'll make sure to communicate when the list price has room for bargaining and when I trust the home is "priced to sell."
Every real estate agent will convince you they truly understand the home market, but trust your instincts, and be sure to ask your agent plenty of questions.
If it doesn't seem like they know everything, contact me at 800-252-6633 or e-mail me at , and I'd be glad to answer any questions you may have. My knowledge of the market will keep you a step above the rest throughout the entire process.
Step 5 – Find your dream house
We'll find your dream home in Naples, and when that happens, I'll precisely create your home purchase offer. The offer will be tailored to suit your needs and the home, including many contingencies, such as acquiring financing, carrying out the home inspection, and a clear title.
When we turn in your offer, you'll need to submit "earnest money." This is a cash deposit given to the seller to secure an offer to buy the property and is typically put towards the closing costs. If the offer is accepted, we should close within 30 to 60 days after. This allows enough time for your mortgage financing.
Step 6 – Negotiate the deal
A lot of deals aren't closed on the beginning offer. It's very common to receive a counter offer. But don't let this alarm you. We'll consider whether or not to accept the counter offer, propose 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 financing budget. And at the end of the day, we'll put together a deal that works well for you.
Step 7 – Secure financing
After we sign the final contract, you'll begin working with your mortgage lender to close the loan.
If you're already pre-approved, it won't take very long at all, but you need to keep in close contact with your lender.
And I'll deal with all the property information your lender needs to close the loan.
Step 8 – Close the deal
You'll get a Loan Estimate (LE) outlining closing costs from your mortgage lender within three days of getting your loan application.
This estimate depends on the loan amount. RESPA requirements mandate that it has to contain all closing costs and be within a strict range of accuracy, and I'll analyze the estimate and let you know if everything looks okay.
Then we'll close on your house. This will most likely take place at a title company or escrow office and will most likely be a smooth and peaceful occasion.
Step 9 – Move in
Congratulations! It's time to move into your new house. Enjoy it. And if you need anything, be sure to call me at 800-252-6633 or e-mail me at .