Are you purchasing your home in Kohala Coast? Hawaii Luxury Real Estate can help.

Purchasing a home is intimidating for most people, but with a bit of up-front planning, it isn't all that complex. I like to furnish buyers with an outline of the whole deal so they know exactly what they can expect. Below 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 glad to answer questions you have about this information.

Step 1 – Prepare to buy
There are many things you'll want to take into account prior to commencing your home search. You'll probably want to make a list of items you need, get a feel for what school districts and neighborhoods you'd like to live in, and begin planning your budget. A good rule of thumb to go by is that your mortgage payment should be less than or close to a third of your monthly income.

Step 2 – Connect with a real estate agent
This is where Hawaii Luxury Real Estate can help. We'll plan a time to get together so we can talk about your real estate needs and get an idea of your plans for the future. We'll talk about everything from neighborhoods, schools in the Kohala Coast area, the mortgage industry, to any other economic factors that might affect your purchase today or in the future.

In addition, I'll help you facilitate the loan process. Hawaii Luxury Real Estate partners with some of Kohala Coast's finest mortgage professionals, so you're in great hands. They can assist you with figuring out which kind of loan is best for you and help you get approved.

Step 3 – Begin house hunting
Following our first meeting, I'll begin finding available homes on the market that suit your needs. I'll preview many of the homes and remove the duds, and then we'll book appointments to view the houses whenever it's convenient for you.

As we tour homes, I'll point out good features and negative ones. I'll also ask you what things you like and dislike. It's widely common for buyers to change their list of must-haves as we view houses and some items become more substantial than others. If such is the case, I'll search the listings once more and narrow it down to the house you've been dreaming about.

Step 4 – Know the housing market
Your agent's understanding of the Kohala Coast housing market is a leading element in your home search. And I can assure you I'm familiar with all the neighborhoods and schools, and I can alert you to which districts are "hot" and warrant immediate action and some that are "cool" and allow for thoughtful analysis.

As we view homes, I'll be sure to tell you if the asking price has room for negotiation or if I believe the house is "priced to sell." Every REALTOR will convince you they comprehend the housing market, but keep an eye out, and be sure to ask a lot of questions. If things don't add up, call me at 808-557-5321 or e-mail me at , and I'll be glad to answer any questions you may have. My knowledge of the market will keep you a step ahead through the entire process.

Step 5 – Find the house you've been waiting for
I'm sure we'll find your dream house in the Kohala Coast area. When that happens, I'll meticulously create your home purchase offer. The offer will be made to suit your needs and the home. We'll include many contingencies, such as getting financing, completing the home inspection, and a clear title.

When we submit your offer, most likely you'll need to submit "earnest money." This is a cash deposit made to the seller to secure an offer to purchase the property and is often put towards the closing costs. If the offer is accepted by the seller, we should close on the home about 30 to 60 days after. This allows enough time for your mortgage financing.

Step 6 – Negotiate
Unfortunately most contracts don't close on the first offer – it's extremely common to receive a counter offer. Don't let this alarm you. We'll consider whether or not to consent to the counter offer, propose our own counter offer, or reject the seller's offer and go on.

The state of the market will play a big part in how aggressively we negotiate the deal. We'll also work within your budget. And when it's all said and done, we'll assemble a deal that's best for you.

Step 7 – Secure financing
Upon finishing the deal, you'll start working with your lender to close the loan. If you're pre-approved, it shouldn't take very long at all. However, you'll want to stay in close contact with your mortgage lender. And I'll manage all the property information your mortgage lender will need to close the loan.

Step 8 – Close the deal
Your lender will send you a Loan Estimate (LE) outlining your closing costs within three days of taking your loan application. You'll get a Loan Estimate (LE) detailing closing costs from your mortgage lender within three days of receiving your application. This estimate is formed from the loan amount, and RESPA requirements dictate that it has to involve all closing costs and fall within a precise range of accuracy. I'll analyze the estimate and let you know if everything looks okay.

Then it's time to close on your house. This should happen at a title company or escrow office and is often 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, be sure to contact me at 808-557-5321 or e-mail me at .

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