Let Hawaii Luxury Real Estate assist you with buying your home in Kohala Coast
Buying a home is a stressful event for most people. However, with a little up-front planning, it isn't very hard.
So they know exactly what to expect, I like to provide buyers with an outline of the entire deal.
These are my nine steps to buying a home.
Should you have questions about this information or if you're ready to get started, you can contact me here or e-mail me at .
Step 1 – Get ready to purchase
There are many things you need to consider prior to beginning your home search.
You'll probably want to put together an outline of items you want to have, get an idea of what school districts and neighborhoods you want to live in, and begin planning your budget.
Keeping your mortgage payment less than or close to a third of your net monthly income is a good principle to go by.
Step 2 – Get in touch with a real estate agent
This is where Hawaii Luxury Real Estate can help.
We'll arrange a time to meet so we can talk about why you want to buy a home and get an idea of your upcoming plans.
We'll discuss neighborhoods, schools in the Kohala Coast area, the mortgage industry, and any additional economic factors that might affect your buying decision today or in the future.
I can also help you begin the loan process.
There are some excellent mortgage professionals in Kohala Coast, and I work with a lot of them, so you're in great hands.
They'll assist you in deciding which kind of loan is best for you and help you get qualified.
Step 3 – Begin looking for a home
After we meet for the first time, I'll begin finding homes on the market that are great for you.
I'll research most of the homes and remove the duds, and then we'll book appointments to tour the houses when it's most convenient for you.
As we view the homes, I'll show you the good features and negative ones. I'll also ask you to talk about things you like and don't like.
As a rule, buyers amend their wish list as we tour homes and some features become far more crucial than others.
If such is the case, I'll go back through the listings once again and narrow it down to the house you've been dreaming about.
Step 4 – Comprehend the housing market
My knowledge of the Kohala Coast market is an imperative element in your home search. I'm conscious of all the schools and neighborhoods, and I'll communicate certain neighborhoods are "hot" and warrant immediate action and others that are "cold" and allow for thoughtful examination.
As we view houses, I'll let you know when the seller's asking price has room for negotiation and also when I think the home is "priced to sell."
When working with an agent, trust your instincts and make sure you ask a lot of questions. Any real estate agent in Kohala Coast will convince you they truly know the market.
If things don't add up, call me at 808-557-5321 or e-mail me at , and I'd be happy to answer any questions you have. My knowledge of the market will keep you a step ahead through the entire deal.
Step 5 – Find your dream house
I'm certain we'll find the house of your dreams in Kohala Coast. When we do, I'll thoroughly create your purchase offer. The offer will be tailored to suit your needs and the home, including a lot of contingencies, such as acquiring financing, carrying out the inspection, and a clean title.
When submitting your purchase offer, you'll want to submit "earnest money." This is a cash deposit made to a home seller to secure the offer to buy the property and is usually applied to the cost of closing. If your offer is accepted, we should close about 30 to 60 days afterward. This allows sufficient time for your mortgage financing.
Step 6 – Negotiate
Unfortunately most deals don't close on the first offer, and it's really common to receive a counter offer. Don't let this discourage you. We'll figure out whether or not to agree to the counter offer, propose our own counter offer, or decline the seller's offer and go on.
How aggressively we negotiate the contract depends on the state of the market.
We'll also work within your financing limits. And when it's all said and done, we'll put together a deal that's best for you.
Step 7 – Obtain your loan
After we sign the final 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 want to keep in close contact with your mortgage lender.
And I'll manage all the property information your lender needs to close the loan.
Step 8 – Close the deal
Your lender will give you a Loan Estimate (LE) of closing costs within three days of getting your application. You'll get a Loan Estimate (LE) outlining your closing costs from your mortgage lender within three days of taking your application.
The estimate is formed from the loan amount, and RESPA requirements dictate that it has to contain all closing costs and fall within a strict range of accuracy. I'll study the estimate and let you know if it all looks permissible.
Then we'll close on your house. This will probably occur at a title company or escrow office and will most likely be a smooth and comfortable occasion.
Step 9 – Move in
Congratulations! Now you can move into your new home. Enjoy it. And if you need anything or have any questions, simply call me at 808-557-5321 or e-mail me at .