How to Buy a Home in Naples Florida
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The Naples Florida area is booming with new subdivisions, country clubs and communities and with headquarters and companies moving to this area more subdivisions are being built all the time. First-time homebuyers may find themselves wondering ‘where do I start’?
- One of the first places to begin is with your financing. Even before looking at homes you should know whether or not you’re going to finance the home or pay in cash. If you have cash to purchase a home out right you won’t need to worry too much about credit ratings or financing but if you need to apply for a home loan then you’ll need to discuss your finances with the lender, mortgage broker or bank.
Once you’ve discussed your finances with the lender they will give you a price range of how much home you can afford. At this point you can start looking at real estate.
- Another major step to buying a home in Naples Florida is to obtain the help of a buyer’s agent. A buyer’s agent works exclusively with buyers on their behalf to get the right home at the right price for the right terms. A buyer’s agent works as a mediator between seller and buyer answering any questions you may have and walking you through the process so you feel confident about your purchase. It cost you nothing to use a buyer’s agent so it’s really a no-brainer.
- Once you find a home you love your buyer’s agent will help you draw up the necessary purchase and sale contract. This contract can be negotiated back and forth until mutual acceptance is reached. Try not to get frustrated during this time because both parties are negotiating for their needs and wants and eventually that you can meet.
- After mutual acceptance we will deposit your earnest money. This is a good faith deposit stating you are serious about buying the home. Typically, this runs anywhere from 1 to 3% of the purchase price of the home. The earnest money will be built in to the purchase price at closing.
- The next step would be a home inspection. We urge all of our buyers to have a professional home inspection completed. This is one of the most expensive investments you’ll ever make so you’ll want to know as much as possible not only for negotiating strategies but for the future life of the property.
- After inspections are satisfied and any other contingencies or addendum’s are completed the home moves on to closing. Title, escrow or your agent will contact you for final signing. It seems like an endless stack of papers when it comes to signing but make sure you ask any questions if you’re unsure about documents. After the deed has been recorded we can hand over the keys to your new home.
