Are you looking to buy a new home in Naples? Metro Properties can help.
Purchasing a home can be stressful for most people, but with some planning ahead of time, it isn't all that hard.
So you understand exactly what to expect, we like to give our buyers a road map of the whole deal.
These are our nine steps to purchasing a home.
Step 1 – Prepare to purchase
Before you start your home search, there are several things you should take into account.
You'll most likely want to form a check list of features you need to have, plan for what school districts and neighborhoods you want to live in, and start planning around your budget.
A good rule to follow is that your mortgage payment should be less than or close to 30 percent of your net monthly income.
Step 2 – Talk to a real estate agent in Naples
This is where we come in.
We'll plan a time to get together so we can talk about why you want to buy a home and get an idea of your upcoming plans.
We'll discuss everything from neighborhoods, schools in the Naples area, the mortgage and housing industries, to any other economic factors that may potentially affect your buying decision today or in the future.
We can also help you facilitate the loan process.
We partner with some of the best mortgage professionals in Naples, so you'll be in great hands.
They can assist you in determining which kind of loan is best for you and help you get approved.
Step 3 – Begin your home search
After our first meeting, we'll start looking for available houses on the market that are a great fit for you.
We'll preview most of the houses and eliminate the bad ones, and then we'll book appointments to tour the homes whenever it's most convenient for you.
As we view the houses, we'll call attention to good features and negative ones. And we'll ask you to point out what things you like and dislike.
It's widely common for buyers to update their wish list as we view houses and some features become far more crucial than others.
If that happens, we'll look through the listings one more time 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 home market is an indispensable benefit in your search. We are mindful of all the neighborhoods and school districts, and we will alert you to some districts are "hot" and require prompt action and the ones that are "cold" and allow for thoughtful consideration.
When we tour homes, we'll make sure to communicate when the asking price has room for negotiation and also when I trust the home is "priced to sell."
When working with an agent, be on guard and be sure to ask lots of questions. Every real estate agent in Naples will claim to know the home market.
If it doesn't seem like they know everything, contact us at 866-300-1550 or e-mail us at Info@PipelineROI.com, and we'll be glad to answer any questions you have. Our market knowledge will keep you a step ahead through the entire process.
Step 5 – Find the house you've been looking for
We're certain we'll find the home of your dreams in the Naples area. When we do, we'll precisely create your purchase offer. The offer will be tailored keeping your needs in mind, including a lot of contingencies. A few examples are acquiring financing, completing the inspection, and a clear title.
Upon sending in your offer, most likely you'll want to present "earnest money." This is a cash deposit given to the home seller to secure an offer to purchase the property, and it's often applied to the closing costs. If the seller accepts the offer, we should close within 30 to 60 days afterward. This allows plenty of time for your mortgage financing.
Step 6 – Negotiate
Unfortunately most contracts don't close on the initial offer. It's pretty common to receive a counter offer. Don't let it alarm you. We'll discuss whether or not to take the counter offer, present our own counter offer, or refuse the seller's offer and go on.
Market circumstances determine how aggressively we negotiate the deal.
We'll also work within your financing constraints. And at the end of the day, we'll formulate a contract that works well for you.
Step 7 – Get a loan
After the contract is signed, you'll start working with your mortgage lender to close the loan.
If you've been pre-approved, it shouldn't be a long process at all, but you should to stay in close contact with your lender.
And we'll care for 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 accepting your loan application.
The estimate is formed from the loan amount. RESPA requirements order that it has to involve all closing costs and be within a tight range of accuracy, and we'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 occur at a title company or escrow office and will likely be a smooth and calm occasion.
Step 9 – Move in
Congratulations! Now you can move into your new home. Enjoy it. And if you have any questions, simply contact us at 866-300-1550 or send us an e-mail.