Buying or selling a home?

Purchasing a home is an intimidating event for many people. However, with a bit of planning ahead of time, it isn't too complicated. So they know exactly what they can expect, I will supply buyers with a road map of the entire deal. Here are my nine steps to buying a home. When you're ready to get started, simply contact me here or e-mail me at . I'm glad to answer any questions you have about this information.

Step 1 – Get ready to buy
There are several things you need to consider before you look for a home. You'll probably want to put together an outline of features you need, get an idea of what school districts you'd like to live in, and start planning your budget. Keeping your mortgage payment less than or close to 1/3 of your net monthly income is a good principle to adhere to.

Step 2 – Get in touch with a real estate agent
That's where I can help. I'd like to arrange a time to get together with you and speak with you regarding your real estate needs and get an idea of your plans for the future. We'll talk about the mortgage industry, other economic factors that may affect your purchase today or in the future, as well as neighborhoods and schools in the Kohala Coast area.

In addition, I'll help you get started on your loan. I partner with some of Kohala Coast's finest mortgage professionals, so you can rest assured that you're in great hands. They'll help you figure out which type of loan is best for you, as well as help you get approved.

Step 3 – Begin house-hunting
After our initial meeting, I'll begin searching for available houses on the market that are great for you. I'll preview many of the homes and ignore the bad ones, and then we'll book appointments to view the houses when it's most convenient for you.

As we view homes, I'll point out positive features and negative ones. I'll also ask you to tell us about things you like and don't like. Most often, buyers amend their wish list as we view houses and some items become more important than others. If that happens, I'll go back through the listings again and narrow it down to the house of your dreams.

Step 4 – Understand the market
Your agent's understanding of the Kohala Coast home market is a necessary agent in your house search. And I assure you I'm familiar with all the neighborhoods and schools, and I'll alert you to certain neighborhoods are "hot" and demand prompt action and some that are "cold" and allow for thoughtful analysis.

When we view homes, I'll make sure to communicate if the asking price has room for negotiation or if I believe the house is "priced to sell." When working with an agent, trust your instincts and make sure you ask lots of questions. Any REALTOR will claim to truly know the housing market. If it doesn't seem like they know everything, just call me at 808-557-5321 or e-mail me at , and I'd be happy to answer any questions you may have. My market knowledge will help you stay a step above the rest throughout the entire deal.

Step 5 – Find the house you've been waiting for
We'll find the house of your dreams in Kohala Coast, and when that happens, I'll carefully develop your real estate purchase offer. The offer will be tailored with your needs in mind and the home, including several contingencies, such as getting financing, completing the inspection, and a clear title.

When we send in your offer, most likely you'll want to present "earnest money." This is a cash deposit submitted to a seller to secure the offer to purchase the property. The amount is most often put towards the cost of closing. If the offer is accepted, we should close on the home within 30 to 60 days after. This allows sufficient time for your mortgage financing.

Step 6 – Negotiate the deal
A lot of contracts don't close on the initial offer. It's really common to receive a counter offer. Don't let this alarm you. We'll discuss whether or not to take the counter offer, present our own counter offer, or refuse the seller's offer and go on.

Market circumstances will play a vital role in how aggressively we negotiate the contract. We'll also work within your financing constraints. And at the end of the day, we'll create a contract that works well for you.

Step 7 – Secure financing
After we sign the final sales contract, you'll begin working with your mortgage lender to close the loan. If you're pre-qualified, this won't be a long process at all, but you'll need to stay in close contact with your lender. And I'll manage all the property information your mortgage lender needs to close the loan.

Step 8 – Close the deal
Your mortgage lender will supply you with a Loan Estimate (LE) detailing closing costs within three days of receiving your application. You'll get a Loan Estimate (LE) detailing your closing costs from your lender within three days of taking your application. This estimate is based on the loan amount. RESPA requirements order that it has to include all closing costs and be within a precise range of accuracy, and I'll analyze the estimate and let you know if it all looks permissible.

Then it's time to close on your home. This will probably happen at a title company or escrow office and will most likely be a smooth and relaxed event.

Step 9 – Move in
Congratulations! Now you can move into your new house. Enjoy it. And if you need anything or have any questions, make sure you call me at 808-557-5321 or e-mail me at .

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