For most people, purchasing a home can be a stressful event. However, with a little planning ahead of time, it's not all that hard. So they'll understand exactly what they can expect, I will provide buyers with an overview of the entire deal. Below are my nine steps to purchasing a home. If you have questions about this information or if you're ready to get started, just contact me at 866-300-1550 or e-mail me at firstname.lastname@example.org.
There are several things you should consider before beginning your home search. You'll probably want to assemble an index of must-have features, get a plan of what neighborhoods and school districts you'd like to live in, and start planning around your budget. A good guideline to follow is that your mortgage payment should be no more than a third of your net monthly income.
This is where Metro Properties can help. We'll set up a time to meet so we can talk about your real estate needs and get an idea of your future plans. We'll talk about everything from neighborhoods, schools in the Naples area, the mortgage industry, to any other economic factors that may affect your buying decision today or in the future.
I can also help you start the loan process. I partner with some of Naples's finest mortgage professionals, so you'll be in great hands. They will assist you with figuring out which kind of loan is best for you and help you get qualified.
After we meet for the first time, I'll begin finding available houses on the market that are a good fit for you. I'll get a sneak peek of many of the houses and ignore the bad ones, and then we'll set up appointments to view the houses when it's convenient for you.
As we view the houses, I'll call attention to positive features, as well as negative ones. I'll also ask you about things you like and don't like. It's widely common for buyers to amend their must-have list as we view homes and some items become more substantial than others. If that happens, I'll go back through the listings once more and trim it down to the home you've been wishing for.
An agent's knowledge of the Naples housing market is a necessary component in your home search. And I assure you I'm informed of all the neighborhoods and schools, and I'll alert you to which districts are "hot" and call for immediate action and the ones that are "cold" and allow for careful examination.
As we view homes, I'll make sure to communicate when the seller's list price has room for negotiation and when I trust the home is "priced to sell." When working with an agent, be careful and be sure to ask plenty of questions, as any REALTOR in Naples will claim to comprehend the market. If it seems like they don't know everything, contact me at 866-300-1550 or e-mail me at email@example.com, and I'd be more than happy to answer your questions. My market knowledge will help you stay a step ahead throughout the entire deal.
We'll find your dream home in Naples, and when we do, I'll precisely develop your purchase offer. The offer will be tailored keeping your needs in mind and the home, including several contingencies, such as obtaining financing, finishing the inspection, and a clean title.
When we present your purchase offer, you'll likely need to submit "earnest money." This is a cash deposit made to the seller to secure the offer to purchase the property. The amount is usually applied to the cost of closing. If the offer is accepted by the seller, we should close on the property within 30 to 60 days afterward. This allows sufficient time for your mortgage financing.
Unfortunately most contracts don't close on the first offer – it's pretty common to receive a counter offer. But don't let this alarm you. We'll talk about whether or not to accept the counter offer, propose our own counter offer, or refuse the seller's offer and go on.
Market conditions determine how aggressively we negotiate the contract. We'll also work within your financing budget. And when it's all said and done, we'll assemble a deal that is best for you.
After we sign the final sales contract, you'll begin working with your lender to close the loan. If you're already pre-approved, this shouldn't take much time at all. However, you need to stay in close contact with your lender. And I'll sort out all the property information your mortgage lender will need to close the loan.
You'll get a Loan Estimate (LE) outlining closing costs from your lender within three days of getting your loan application. This estimate rests on the loan amount. RESPA requirements dictate that it has to contain all closing costs and fall within a close range of accuracy, and I'll analyze the estimate and let you know if it all looks okay.
Then it's time to close on your home. This will most likely occur at a title company or escrow office and is often a smooth and hassle-free occasion.
Congratulations! It's time to move into your new house. Enjoy it. And if you need anything, just call me at 866-300-1550 or e-mail me at firstname.lastname@example.org.
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