10 Tips for Buying a Home in Naples Florida

newkeysThinking of buying a home in Naples Florida this year?  The market is improving and it would definitely be a good decision to get in now before prices really take off.  Here are some things to think about before taking the plunge:

1. Put Together A Financial Plan

Make sure that, although this is a great time to buy a house in general, it is also a great time for you to buy a home based on your income and debts.  When you apply for a mortgage the bank will calculate your income and monthly debt ratio to decide how much you can afford to borrow.  Do not be “house poor” where all your income goes on your house and you cannot enjoy some pleasures of life.

2. Save Money For A Downpayment

Save money for a downpayment or look into alternative financing methods.  Check out USDA with no money down or FHA with 3.5% downpayment.

3. Be An Informed Buyer

Homes are often sold because the buyer falls in love but you want to make sure that you are not overpaying because you have found your dream home.  Start a property search and educate yourself on the prices and homes available.

4. Find A Realtor

Find a Realtor you can talk to and trust to give you the correct answers not the ones you want hear.  Contact me and I will help you narrow down the choices and find the best communities or areas for you and your family.

5. Find a Mortgage Broker and Get Pre-Approved

I can help you find someone to help you through the mortgage process.  It is important to know how much you can afford each month before we start looking for a home.  You don’t want to fall in love with your dream home and find out that you can’t afford to buy it!  Nothing will compare after that disappointment.

6. Make A Fair Offer Based On Market Value

Find your home and make a fair offer based on market value.  Again once we have found the perfect home for you, I will prepare a market value analysis so that you can decide on the best price to pay for the home.

7.  Get Your Offer Accepted and Begin the Closing Process

You think that the hard part is over but the closing process can be long and difficult if you do not have professionals helping you to make the journey easier.

8. Get a Home Inspection

It is very important to have a certified home inspector do an inspection of the home, equipment and appliances.  Even if the owner is not prepared to fix the items, you want to know what to expect when you close.

9. Attend the Closing and Sign All The Paperwork

Before closing we will review the closing statement and at closing the title company will review it line by line with you to make sure you understand all the items and there are no mistakes.

10. Enjoy your new home!

There is nothing more exciting than being handed those keys and walking out of the closing room to drive to the home of your dreams.Selling-a-Home

Remember the whole process starts with the property search so call me today at 239-601-3174 or contact me so that we can start the exciting journey together.  Remember, it is always Toasty in Naples and you deserve your piece of sunshine!

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