Tips for Finding New Naples Homes
For those searching Naples homes, keep in mind that house hunting is very much like any typical shopping excursion. If you have a good sense of what you want and conduct a little research, it is much easier to identify the Naples homes you’re wanting, and at the best price. Here’s a few tips that can help guide you through the home buying process.
To begin, take a moment to reflect on the type of Naples homes that are best aligned to your personality. Do you have a preference for a brand new or re-sale home? Do you have a preference for a single-family home or multi-story, carriage-style home? And iIf you’re leaning toward a fixer-upper, are you truly handy, or will you need to set aside a budget for contractors? Knowing exactly what YOU want, makes it easier to go about finding it.
Research The Options First
You might find it helpful to jot down a list of the features you most want in a home. Then identify which are necessities and which are extras. Consider the three to four neighborhoods that you’d most like to live in based on commute time, schools, recreation, and price. Visit the property search tool on my website to glean insight on the homes that are available in your price range in your favorite neighborhoods. You can then use the results to prioritize your wants and needs, so you can either add in or weed out properties from the inventory of Naples homes you’d like most to view.
Get Finances in Order
Conventionally, lenders will advise that you can afford a home that is priced two to three times your gross income. Establish a budget so you know just how much you’ll be comfortable spending each month. Please, DO NOT wait until you’ve found the great home and made an offer to now start investigating the financing options. In this scenario, sooner is definitely better than later. You can gather your financial records and meet with a lender to get a pre-qualification letter which articulates how much you’ll be eligible to borrow. Now, the lender doesn’t necessarily consider the extra fees you’ll pay when you purchase, nor knows your plans to begin a family or purchase a new car. Be sure to shop in a price range you’re comfortable with. Also, bear in mind that should you present an offer to a home seller that is contingent on financing, it ultimately makes your bid less attractive.
Set a Timeline for Moving
Have you considered whether or not there are blemishes on your credit that may take time to clear up? If you already own a home, have you taken steps to sale it? If not, you’ll certainly need to factor in the time needed to sell. And if you rent, when does your lease expire? Do you anticipate that interest rates may jump anytime soon? All of these factors ultimately affect aspects of moving, buying and closing on Naples homes.
Think Long Term
Your plans for the future may shape decisions on the type of Naples homes you’ll consider buying. Are you searching for a starter home and have plans to move-up in a few years? Do you plan to stay in the home for the next five to 10 years? Should you opt for the starter, you might need to adjust your expectations. If you plan to nest, make sure that your priority list helps you identify a home that you’ll still love over the years ahead.
Work With A Realtor
Rely on people that you trust, and ask for referrals to a real estate professional they trust. You may then want to interview agents to better determine which have expertise in the particular neighborhoods and type of homes for which you’re interest. Because home-buying can provoke many emotions, consider whether the agent’s style meshes with your personality. Also determine if the agent specializes in buyer representation. As opposed to listing agents, whose first duty is to the seller, a buyers’ rep serves only you, even though they’re typically paid by the seller. Also determine whether the agents are REALTORS®. This means they’re members of the NATIONAL ASSOCIATION OF REALTORS®. NAR has been the leading champion of home-ownership rights for more than a century.
There’s a saying that unrealistic expectations are pre-determined resentments. Now, it’s certainly OK to be picky about the home and neighborhood you’re wanting. Just don’t be close-minded, unrealistic, or mis-guided by minor imperfections. If you insist on living in a cul-de-sac, you may lose out on fantastic homes positioned on streets that are equally quiet and secluded. On the other hand, don’t be too swayed by a “wow” feature that you forget about other important issues , such as noise levels, that can diminish the quality of life you’re wanting. Use your priority list to evaluate each property, and remember, there is NO such thing as “the perfect” home.
Limit Solicited Opinions
It’s only normal to want reassurance when you’re making a big financial decision. That familiar saying about too many cooks in the kitchen is worth remembering. When you need a second opinion, be selective and maybe only rely on one or two people. Remain true to YOUR list of wants and needs. This way, the final decision is reflective of the criteria you’ve identified as important.
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