Looking to purchase a home in Naples? Metro Properties can help.
Purchasing a home is stressful for many people. However, with a little up-front planning, it's not that complex.
So they understand exactly what to expect, I'll supply buyers with a road map of the whole deal.
Below 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 address questions you have regarding this information.
Step 1 – Prepare to purchase
Before you begin your home search, there are a lot of things you'll want to take into account.
When you start your search, you'll probably want to make an outline of features you need, get a feel for what neighborhoods you want to live in, and begin working on your budget.
A good rule to follow is that your mortgage payment should be no more than a third of your net monthly income.
Step 2 – Contact a real estate agent
This is where I come in.
I'd be happy to schedule a time to meet with you and speak with you regarding why you want to buy a home and get an idea of your future plans.
We'll discuss everything from neighborhoods, school districts in the Naples area, the mortgage and housing industries, to any other economic factors that might affect your purchase today or in the future.
I'll also assist you in getting started on your loan.
There are some great 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 approved.
Step 3 – Begin house hunting
Following our first meeting, I'll begin looking for available homes on the market that are a good fit for you.
I'll research most of the homes and throw out the bad ones, and then we'll set up appointments to tour the houses when it's most convenient for you.
When we view homes, I'll point out positive features, as well as bad ones. I'll also ask you about things you like and don't like.
It's pretty common for buyers to amend their wish list as we view homes and some items become far more substantial than others.
If that's the case, I'll search all the listings another time and trim it down to the home you've been wishing for.
Step 4 – Know the market
An agent's knowledge of the Naples market is a fundamental component in your home search. And I assure you I'm acquainted with all the school districts and neighborhoods, and I can communicate certain areas are "hot" and demand prompt action and others that are "cool" and allow for thoughtful examination.
As we view homes, I'll make sure to communicate when the asking price has room for negotiation and when I think the house is "priced to sell."
Be mindful and make sure you ask your agent lots of questions, as every REALTOR in Naples will claim to know the market.
If things don't add up, contact me at 800-252-6633 or e-mail me at , and I'll be glad to answer any questions you have. My understanding of the market will keep you a step above the rest throughout the entire deal.
Step 5 – Find the house you've been waiting for
I'm positive we'll find your dream home in the Naples area. When that happens, I'll carefully develop your home purchase offer. The offer will be tailored to suit your needs and the home, including several contingencies. A few examples are getting financing, completing the inspection, and a clean title.
Upon presenting your offer, you'll need to submit "earnest money." This is a cash deposit made to the home seller to secure the offer to purchase the property and is usually put towards the cost of closing. If the offer is accepted by the seller, we should close within 30 to 60 days after. This allows necessary time for your mortgage financing.
Step 6 – Negotiate
A lot of deals don't close on the initial offer. It's extremely common to receive a counter offer. But don't let this intimidate you. We'll consider whether or not to accept the counter offer, submit our own counter offer, or reject the seller's offer and move on.
The state of the market will play a part in how aggressively we negotiate the contract.
In addition, we'll work within your budget. And when it's all said and done, we'll create a contract that works well for you.
Step 7 – Obtain a loan
Once we sign the final contract, you'll begin working with your mortgage lender to close the loan.
It won't take much time at all if you're already pre-qualified, but you'll want to stay in close contact with your lender.
And I'll take care of all the property information your lender will need to close the loan.
Step 8 – Close the deal
Your lender will furnish you with a Loan Estimate (LE) of closing costs within three days of taking your application. You'll get a Loan Estimate (LE) detailing your closing costs from your lender within three days of accepting your loan application.
This estimate is based on the loan amount. RESPA requirements mandate that it has to include all closing costs and fall within a tight range of accuracy, and I'll go over the estimate and let you know if everything looks all right.
Then it's time to close on your home. This will most often occur at a title company or escrow office and will most often be a smooth and peaceful occasion.
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 800-252-6633 or e-mail me at .