Looking to buy your new home in Naples? Metro Properties can help.
Purchasing a home is intimidating for most people. However, with a bit of planning ahead of time, it's not all that confusing.
I like to give buyers an overview of the entire deal so they'll understand exactly what to expect.
These are my nine steps to buying a home.
When you're ready to get started, simply contact me here or e-mail me at . I'm glad to answer questions you have about this information.
Step 1 – Prepare to buy
Before you begin searching for a home, there are many things you'll want to consider.
You'll want to make an outline of items you need, plan for what neighborhoods and school districts you'd like to live in, and begin planning around your budget.
A good rule to adhere to is that your mortgage payment should be a third of your net monthly income.
Step 2 – Speak with a real estate agent in Naples
That's where I come in.
I'd be more than happy to schedule a time to meet with you and communicate with you about your real estate needs and get an idea of your future plans.
We'll discuss everything from neighborhoods, schools in the Naples area, the mortgage industry, to any other economic factors that could potentially affect your buying decision today or in the future.
I can also help you facilitate 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 choose which type of loan is best for you, as well as help you get qualified.
Step 3 – Begin looking
After we meet for the first time, I'll start finding houses on the market that meet your needs.
I'll preview many of the houses and eliminate the duds, and then we'll schedule appointments to tour the houses when it's most convenient for you.
When we tour homes, I'll show you the good features and bad ones. I'll even ask you to point out what things you like and don't like.
It's common for buyers to amend their wish list as we tour houses and some things become far more crucial than others.
If such is the case, I'll go back through the listings another time and trim it down to the house you've been dreaming about.
Step 4 – Get a grasp of the housing market
My understanding of the Naples home market is an imperative agent in your house search. I'm informed of all the schools and neighborhoods, and I can alert you to certain areas are "hot" and demand prompt action and some that are "cold" and allow for thoughtful consideration.
As we tour homes, I'll let you know when the list price has room for bargaining and when I trust the home is "priced to sell."
Trust your instincts and make sure you ask lots of questions, as every REALTOR will claim to truly understand the housing market.
If it doesn't seem like they know everything, call me at 800-252-6633 or e-mail me at , and I'd be happy to answer any questions you have. My market knowledge will keep you a step above the rest throughout the entire process.
Step 5 – Find the house of your dreams
We'll find your dream home in Naples, and when that happens, I'll carefully develop your purchase offer. The offer will be tailored to suit your needs and the home, including many contingencies, such as obtaining financing, completing the inspection, and a clean title.
When we turn in your purchase offer, you'll need to present "earnest money." This is a cash deposit submitted to a home seller to secure the offer to purchase the property, and it's most often put towards the closing costs. If the seller accepts your offer, we should close on the property about 30 to 60 days afterward. This allows enough time for your mortgage financing.
Step 6 – Negotiate the deal
Most contracts aren't closed on the first offer, and it's widely common to receive a counter offer. Don't let this discourage you. We'll consider whether or not to take the counter offer, present our own counter offer, or decline the seller's offer and go on.
How aggressively we negotiate the contract depends on the state of the market.
We'll also work within your financing budget. And at the end of the day, we'll create a deal that works well for you.
Step 7 – Obtain a loan
Once we sign the final contract, you'll begin working with your lender to close the loan.
If you're already pre-approved, it won't take much time at all, but you'll want to keep in close contact with your mortgage lender.
And I'll care for all the property information your mortgage lender needs to close the loan.
Step 8 – Close the deal
Your lender will supply you with a Loan Estimate (LE) detailing closing costs within three days of accepting your application. You'll get a Loan Estimate (LE) of your closing costs from your lender within three days of receiving your application.
This estimate is formed from the loan amount. RESPA requirements order that it has to involve all closing costs and be within a close range of accuracy, and I'll review the estimate and let you know if everything looks adequate.
Then it's time to close on your house. This will likely happen at a title company or escrow office and is often a smooth and peaceful occasion.
Step 9 – Move in
Congratulations! It's time to move into your new home. Enjoy it. And if you need anything, just call me at 800-252-6633 or e-mail me at .