Buying or selling a home in Kohala Coast? Hawaii Luxury Real Estate can help.
With some planning ahead of time, buying a home isn't very confusing, but the event can be stressful for a lot of people.
So they'll know exactly what to expect, I will give buyers an overview of the whole deal.
Here are my nine steps to purchasing a home.
When you're ready to get started, just contact me here or e-mail me at . I'm happy to address questions you have about this information.
Step 1 – Prepare to buy a home
There are many things you need to contemplate before commencing your home search.
When you begin your search, you'll probably want to assemble a list of items you need to have, get a plan of what neighborhoods you'd like to live in, and start planning your budget.
Keeping your mortgage payment less than or around 1/3 of your monthly income is a good guideline to go by.
Step 2 – Contact a real estate agent in Kohala Coast
This is where Hawaii Luxury Real Estate comes in.
We can plan a time to meet so we can talk about your real estate needs and get an idea of your future plans.
We'll discuss everything from neighborhoods, school districts in the Kohala Coast area, the mortgage and housing industries, to any other economic factors that may potentially affect your purchase today or in the future.
In addition, I'll assist you in getting started on your loan.
There are some very good mortgage professionals in Kohala Coast, and I partner with a lot of them, so you'll be in great hands.
They'll help you decide which kind of loan is best for you, as well as help you get qualified.
Step 3 – Begin house hunting
Following our first meeting, I'll start looking for houses on the market that are a great fit for you.
I'll preview most of the homes and throw out the bad ones, and then we'll schedule appointments to view the homes when it's convenient for you.
As we view houses, I'll point out good features and bad ones. And I'll ask you to tell us about things you like and dislike.
For the most part, buyers revise their wish list as we view homes and some features become more necessary than others.
If that happens, I'll look through the listings once more and trim it down to the home you've been waiting for.
Step 4 – Know the market
My awareness of the Kohala Coast market is a leading factor in your house search. I'm familiar with all the schools and neighborhoods, and I can alert you to which areas are "hot" and demand immediate action and others that are "cold" and allow for more consideration.
When we view homes, I'll be sure to tell you when the list price has room for bargaining and also when I know the home is "priced to sell."
When working with an agent, be on guard and make sure you ask plenty of questions, as every real estate agent in Kohala Coast will convince you they truly know the housing market.
If it seems like they don't know everything, just call me at 808-557-5321 or e-mail me at , and I'd be happy to answer your questions. My knowledge of the market will keep you a step above the rest through the entire process.
Step 5 – Find your dream house
We'll find your dream home in Kohala Coast, and when we do, I'll thoroughly develop your real estate purchase offer. The offer will be tailored with your needs in mind and the home, including some contingencies, such as obtaining financing, completing the inspection, and a clean title.
When we submit your purchase offer, you'll likely want to submit "earnest money." This is a cash deposit given to a home seller to secure an offer to buy the property and is often put towards the cost of closing. If the offer is accepted, we should close on the property within 30 to 60 days after. This allows plenty of time for your mortgage financing.
Step 6 – Negotiate the deal
Unfortunately most deals aren't closed on the initial offer. It's extremely common to receive a counter offer. Don't let this discourage you. We'll consider whether or not to take the counter offer, propose our own counter offer, or decline the seller's offer and go on.
How aggressively we negotiate the deal depends on market conditions.
We'll also work within your financing budget. And at the end of the day, we'll create a contract that works well for you.
Step 7 – Obtain a loan
Upon completing the contract, you'll start working with your mortgage lender to close the loan.
If you're pre-approved, this won't be a long process at all. However, you need to stay in close contact with your lender.
And I'll sort out all the property information your lender needs to close the loan.
Step 8 – Close the deal
Your mortgage lender will provide you with a Loan Estimate (LE) of your closing costs within three days of taking your application. You'll get a Loan Estimate (LE) of your closing costs from your mortgage lender within three days of taking your application.
This estimate rests on the loan amount. RESPA requirements mandate that it has to include all closing costs and be within a close range of accuracy, and I'll review the estimate and let you know if it all looks all right.
Then we'll close on your home. This will most often occur at a title company or escrow office and is often a smooth and relaxing affair.
Step 9 – Move in
Congratulations! It's time to move into your new house. Enjoy it. And if you need anything or have any questions, be sure to contact me at 808-557-5321 or e-mail me at .