Are you contemplating buying your new home in Naples? Metro Properties can help.
Purchasing a home intimidates many people, but it's not too complex with a bit of planning ahead of time. We like to furnish buyers with a road map of the whole deal so they understand exactly what to expect. These are our nine steps to purchasing a home.
Step 1 – Prepare to buy
There are plenty of things you'll want to contemplate prior to commencing your home search. When you begin your search, you'll want to make a check list of items you want, plan for what school districts and neighborhoods you want to live in, and begin planning your budget. A good guideline to follow is that your mortgage payment should be less than or close to 1/3 of your monthly income.
Step 2 – Speak with a real estate agent
That's where we can help. We'll arrange 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 neighborhoods, school districts in the Naples area, the mortgage industry, and any additional economic factors that could affect your buying decision today or in the future.
We can also help you get started on your loan. There are some very good mortgage professionals in Naples, and we partner with a lot of them, so you're in great hands. They can help you determine which kind of loan is best for you, as well as help you get qualified.
Step 3 – Start your home search
After our first meeting, we'll start looking for available houses on the market that meet your needs. We'll research most of the houses and exclude the bad ones, and then we'll set up appointments to view the homes whenever it's convenient for you.
As we view houses, we'll point out positive features, as well as bad ones. we'll even ask you to point out what things you like and dislike. Usually, buyers revise their must-have list as we tour homes and some items become far more substantial than others. If such is the case, we'll look through the listings once again and trim it down to the home you've been waiting for.
Step 4 – Get a feel for the housing market
Our understanding of the Naples housing market is a necessary benefit in your search. We're mindful of all the neighborhoods and schools, and we can let you know some areas are "hot" and warrant prompt action and the ones that are "cold" and allow for careful consideration.
As we view houses, we'll make sure to communicate if the asking price has room for negotiation or if I believe the home is "priced to sell." Be careful and be sure to ask your agent a lot of questions, as every REALTOR® in Naples will tell you they know the housing market. If it seems like they don't know everything, just call us at 866-300-1550 or e-mail us at email@example.com, and we'll be happy to answer any questions you might have. Our market knowledge will keep you a step ahead throughout the entire deal.
Step 5 – Find the home you've been looking for
We're confident we'll find the home of your dreams in Naples. When we do, we'll precisely develop your real estate purchase offer. The offer will be tailored with your needs in mind, including a lot of contingencies, such as acquiring financing, finishing the home inspection, and a clear title.
Upon submitting your offer, you'll need to submit "earnest money." This is a cash deposit submitted to a home seller to secure an offer to buy the property, and it's most often applied to the cost of closing. If the offer is accepted by the seller, we should close on the property about 30 to 60 days afterward. This allows ample time for your mortgage financing.
Step 6 – Negotiate the deal
Most deals don't close on the initial offer. It's widely common to receive a counter offer. Don't let it discourage you. We'll talk about whether or not to agree to the counter offer, present our own counter offer, or refuse the seller's offer and move on.
How aggressively we negotiate the deal depends on the state of the market. We'll also work within your financing budget. And when it's all said and done, we'll create a contract that is best for you.
Step 7 – Obtain a loan
Once we sign the final deal, you'll begin working with your lender to close the loan. It won't take long at all if you're already pre-approved, but you should to keep in close contact with your mortgage lender. And we'll manage all the property information your lender will need to close the loan.>
Step 8 – Close the deal
You'll get a Good Faith Estimate (GFE) detailing closing costs from your mortgage lender within three days of taking your application. This estimate is formed from the loan amount, and RESPA requirements dictate that it has to include all closing costs and fall within a precise range of accuracy. we'll analyze the estimate and let you know if everything looks good.
Then we'll close on your home. This will likely occur at a title company or escrow office and will most likely be a smooth and calm occurrence.
Step 9 – Move in
Success! It's time to move into your new house. Enjoy it. And if you need anything or have any questions, simply call us at 866-300-1550 or send us an e-mail.