Marco Island is a very attractive area for people looking to buy a home. It’s nature, wildlife, shores washed in the warm waters of the Gulf of Mexico, sugar-white sandy beaches and beautiful real estate properties are just some of the reasons that might have caused you to start looking for a home there.
But what is the first step to take towards moving into your new home? Since the entire purchasing process might be confusing for some people, we have decided to shine some light on it. Here are the 5 steps you need to undergo when buying a home in Marco Island.
Determine your Budget
The first step on you way is to familiarize yourself with the Marco Island real estate market trends and to determine your budget. When it comes to the Marco Island market trends, you should know that the average price per square foot is currently $346.
In order to asses the amount of money you can afford to spend when you want to buy a home here is to multiply your annual income three times. This is the rule of the thumb when it comes to taking a large mortgage. The one that does not exceed 3 annual salaries is the one that you can easily afford.
Financial experts also advise people to pre-qualify for a loan before they even start viewing homes on sale. Make sure to have a good financial situation and pristine credit history if you want to get authorized by a lender.
There are many lenders, so make sure to do your online research to compare their current deals. Contacting credit unions and the local branch of your bank is also an option.
Finding the Best Home to Buy in Marco Island
Once you have worked on your budget and consulted a financial expert, you can start browsing the real estates on sale in Marco Island. To make this process smooth and intuitive for you, we at Southwest Florida Home have arranged property listings in several categories.
You can see the homes that pick up the most interest, the largest ones, the most expensive ones, new construction homes, ones that have recently been put on the market or the ones that are close to a great school.
In these listings you will be able to see several pictures of the property that interests you. Along with the key facts (type of house, when it was built, surface in square feet, whether it has a parking spot and so on) and the detailed description of the property.
You will be also able to get familiar with the interior features (the number of bedrooms and bathrooms, kitchen description, appliances and the heating and cooling system), construction details, exterior features, utilities and other valuable property information.
Narrowing Down Your Options
Of course, the best home to buy in Marco Island is the one that suits your needs and demands. This is why we have even went one step further and arranged our listings to match the category of Marco Island communities.
Each of the 15 Marco Island communities has its own unique personality. The island is not too big, so you won’t be missing out on anything when you make your community choice. But if you are a passionate golfer, tennis player or boater you should consider taking a closer look at Marco Island communities.
Some of the communities are a just a short drive away from the Florida Everglades calming golf courses such is Anglers Cove. If the Olde Marco sparks your interest, for instance, you should know that all of the homes in this community are waterfront properties. Furthermore, the only community with beach houses and boat docks is the South Seas Club.
Once you have done your research and narrowed down your options, you will have a list of properties that are most appealing to you. So, by this time you have worked on your finances and you have a list of properties. This means that you are ready to contact a realtor.
Contacting the Realtor
In order to make it extremely convenient for you, we at Southwest Florida home have included a “Tell me more about this property” section on each of the real estate pages on our website. You will easily find it on the right section of your screen, right next to the featured images of the property.
After you enter your Full Name, Email Address, Phone Number and Message our realtor will receive a message and will return back to you with more information. Since we have the best and most experienced realtor agents on our team, they will be able to help you by providing you all the information you need.
You might even be presented with some more properties to take a look at based on your preferences. Since to buy a home in Marco Island is the single most important decision in the lives of many people, we suggest that you take those new options under the considerations. Our realtors know the market inside out and are more than qualified to guide you in your decision making process.
Closing the Deal
Once you have pinpointed the single property that you want to turn into your new home, you can go to the contract reviewing and signing phase. You don’t have to sign the contract the very second you get it. Take your time to review all the clauses and make sure to understand each one of them.
If there are any contingency clauses in the contract, make sure to check them out. These are usually used to spell out those situations when you can back out of the sale.
After you sign the paperwork, you will officially become a homeowner in Marco Island. Congratulations!
If you need more information on the purchasing process, or you want to find out more about Marco Island real estate market opportunities, feel free to contact us via the webform found on our website.