Top 7 Tips For First Time Home Buyers In Naples Florida

When it comes to buying your first home, it can be both exciting and, especially when homes come and go so smoothly. However, with the latest trends in the real estate field, you might dive head-on with an impulse buy. Our article features the top 7 tips on the market to help you make the best decision when it comes to buying a home.

Before you can get to the buying phase, there are a couple of things you need to know as well as consider. However, you’ll also want to keep in mind that buying your dream home in Pine Ridge Naples on an impulse decision as previously mentioned, can very well set you back financially. And we’re sure that you don’t want to hit retirement with such an enormous burden still lingering. So, read on as we dive in!

1. Create An Emergency Fund And Clear Yourself Of Debt
For any homeowner, it is much more expensive when you have your place compared to renting. And in most cases, monthly house payments are significantly less than paying monthly rent. When you have your property, you’re also in charge when it comes to taking care of the upkeep and maintenance, and boy do they pile up quickly! As such, be sure that you prepare correctly and pay off any debt as well as build up some emergency funds to last at least half of the year.

2. How Much Can You Afford?
Another critical aspect to consider is how much you can afford at the end of each month to pay for your home. So, don’t get too attached to the first property that you see just yet. You’ll need to determine your budget, and you’ll also need to have a plan in place for other expenses.

Before you get too overwhelmed at the thought of spending at least 25% on a home, you’ll also need to keep in mind that you’ll also have to pay insurance as well as property taxes. As such, you’ll need to think about all those things before you can come to a final decision about your monthly home expenditure. So, schedule a meeting with both your insurance as well as your real estate agent to determine how much they cost.

3. Start Saving For Your Down Payment
Saving to accommodate the total might be a bit too much, and it will cause some extra stress and pressure. So, it might be best to keep towards the down payment portion of your home. This will also create a way so that you don’t have to pay any private mortgage insurance fees. However, mortgage insurance fees on the closed end typically cost around 1% of the total and are usually added to the sum you pay each month.

4. Saving For Closing Costs
Besides your down payment, you’ll also need to pay your closing fees. And if you’re a first-time buyer, you might be in the dark about how much it costs. Put, your closing fee is usually either 3% or 4% if the total cost of your home. And more than likely, your lender will provide the details so that you know exactly how much to bring on the day of closing and they also pay for the following:
-Insurance
-Appraisal
-Attorney
-Home Inspection
-Credit Report

As such, you’ll want to start saving for the closing day as well as your down payment. While keeping is a great idea you may need to sell some stuff, take up a second job, move into a smaller space, and even have a roommate to accomplish your personal goals faster. So, whatever you do, you’ve got to hustle!

5. Ensuring That You Are Preapproved For Your Loan
When you’ve finally gathered enough funds for a down payment and your closing fees, you’ve put yourself in a high position to negotiate with the person in charge of your potential mortgage. This step of the process takes some more time so, it’s best that you get preapproved before you start the search for your dream home. And it also creates a better image for your sellers, and they tend to take you more seriously.

To get preapproved, you’ll need to let your lender perform all the checks to validate your financial information. And they’ll also need to submit for underwriting after everything checks out. So, if you live a debt free life, lenders will work better with you.

6. Finding A Home That Is In Your Desired Price Range
Research has indicated that most buyers go on to purchase homes they find online or even through a trusted real estate agency. And we’re here to tell you that when you attempt to pursue both methods, it puts you in a better chance for getting what you want. When you find something you like online, be sure to send it over to your agent so that they can get a better idea of your exact liking. And, they’ll even be able to use various listing services available to find the perfect one for you.

7. Neighborhood Research
Once you’ve found something within your price range, keep in mind that you shouldn’t just rush into a decision. You’ll need to consider the factors such as the quality of life you can have there as well as the commute to your job and maybe even the size of your yard. Additionally, you’ll also need to consider schooling options for your kids as well as the levels of noise. And when it comes to safety, you may also want to look into how rich folks are to go outside during the day and night.

As we conclude, we’ve just given you the top 7 tips for the first time homeowners. When it comes to purchasing your dream home, we know how important it is to you. So, if you’re considering a new home in the Pine Ridge area, we’ve given you the most important factors to consider before you jump straight in and end up with future burdens.

Tips For Selling Grey Oaks Naples Real Estate

If you have a property in Grey Oaks Naples and you’re ready to sell, then you need to keep on reading. There are many things you need to do when selling your property, especially if you want to attract great prospective buyers and get the highest price possible for your home. After all, if you just put your house up for sale without making it look it’s best, then you probably won’t be able to get your asking price. So, to prevent this common issue, we’ll now look at some great tips that will ensure you attract a fantastic buyer.

The first thing you should do is clean the property, both inside and out. You should also think about moving out since people will need to view the home and if you’re still living there, then they may not be able to see themselves living there. You should provide a blank canvas so that potential buyers can see themselves in the home and not another family. So, it is best that you move into another house, apartment or even a hotel and put most of your belongings in a storage unit if necessary. You should also take the time to remove any unwanted customization to the home such as your kid’s drawings on the wall, pet chewing marks on the baseboards, claw marks on the floor, etc. Get the help of a reputable¬†Grey Oaks Naples properties real estate professionals to help you in this endeavor.

It is best that you re-paint entirely the house, both inside and out so that it looks fresh and brand new. You should also fix any problems such as broken faucets, malfunctioning air condition units, broken or cracked windows, blown light bulbs, etc. If you have a lot of carpet in your house, then you should get these professionally cleaned, and this will make them look brand new.

Next, you should look at ways that you can tastefully upgrade your home so that you can get a buyer that is willing to pay a higher price. Of course, you aim to get as much as you can for your home, so you will likely need to make a few changes. For example, if you have an outdated kitchen, then you may want to update it, but it can cost tens of thousands of dollars to do so. However, there are relatively cheap ways to update a kitchen such as learning how to install tiles via YouTube and then changing the backsplash to a more modern finish. You can even learn to change the sink yourself, remove any old wallpaper, repaint the cupboards and add new handles, etc. If you want to replace the countertops, you may find that granite countertops are too expensive. A much cheaper option is quartz countertops, and these look great while being significantly less costly.

The above tips for home selling and buying are sure to help you sell your property as quickly as possible while ensuring you get top dollar for your home. Of course, it will take a bit of work and some elbow grease, but your efforts will pay off.