Buying or selling a home in Kohala Coast? Hawaii Luxury Real Estate R(B)-21156 can help.
Purchasing a home is an intimidating event for a lot of people, but it isn't very complex with some up-front planning.
So they'll understand exactly what they can expect, I like to supply buyers with an overview of the entire deal.
These 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 any questions you have about this information.
Step 1 – Prepare to buy a home
Prior to beginning your home search, there are a lot of things you need to contemplate.
When you begin your search, you'll probably want to assemble a list of items you want to have, get a feeling for what neighborhoods and school districts you'd like to live in, and begin planning around your budget.
Ensuring your mortgage payment is no more than a third of your net monthly income is a good guideline to follow.
Step 2 – Talk to a real estate agent
That's where I come in.
We'll schedule a time to meet so we can talk about why you want to buy a home and get an idea of your plans for the future.
We'll discuss neighborhoods, schools in the Kohala Coast area, the mortgage industry, and any other economic factors that may affect your purchase today or in the future.
In addition, I'll help you start the loan process.
Hawaii Luxury Real Estate R(B)-21156 partners with some of the finest mortgage professionals in Kohala Coast, so you'll be in great hands.
They'll assist you in determining which type of loan is best for you and help you get qualified.
Step 3 – Start house-hunting
After our initial meeting, I'll begin looking for available homes on the market that are good for you.
I'll preview many of the houses and eliminate the bad ones, and then we'll schedule appointments to view the houses at a time that's convenient for you.
As we tour houses, I'll point out positive features, as well as bad ones. I'll even ask you about things you like and dislike.
It's widely common for buyers to amend their list of must-haves as we view houses and some things become more important than others.
If that's the case, I'll go back through all the listings again and narrow it down to the house you've been waiting for.
Step 4 – Comprehend the market
An agent's awareness of the Kohala Coast home market is a fundamental factor in your house search. And I can assure you I'm acquainted with all the neighborhoods and schools, and I'll alert you to some areas are "hot" and warrant immediate action and others that are "cold" and allow for careful examination.
As we tour homes, I'll make sure to communicate if the asking price has room for bargaining or if I believe the house is "priced to sell."
When working with an agent, trust your instincts and make sure you ask a lot of questions, as every real estate agent will tell you they understand the housing market.
If things don't add up, contact me at 808-557-5321 or e-mail me at , and I'd be glad to answer any questions you may have. My market knowledge will keep you a step ahead through the entire deal.
Step 5 – Find the house you've been looking for
We'll find your dream house in the Kohala Coast area, and when that happens, I'll precisely develop your purchase offer. The offer will be tailored exactly to your needs and the home, including some contingencies, such as acquiring financing, completing the inspection, and a clean title.
Upon submitting your purchase offer, you'll need to submit "earnest money." This is a cash deposit made to a home seller to secure the offer to buy the property and is most often applied to the cost of closing. If the offer is accepted by the seller, we should close within 30 to 60 days after. This allows enough time for your mortgage financing.
Step 6 – Negotiate
Most contracts don't close on the beginning offer – it's very common to receive a counter offer. Don't let it intimidate you. We'll figure out whether or not to accept the counter offer, present our own counter offer, or reject the seller's offer and move on.
Market circumstances will play a part in how aggressively we negotiate the contract.
We'll also work within your financing limits. And at the end of the day, we'll formulate a deal that works well for you.
Step 7 – Obtain a loan
After the contract is finalized, you'll begin working with your lender to close the loan.
If you've been pre-qualified, this shouldn't take long 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 will need to close the loan.
Step 8 – Close the deal
Your mortgage lender will send you a Loan Estimate (LE) of closing costs within three days of accepting your application. You'll get a Loan Estimate (LE) detailing your closing costs from your mortgage lender within three days of taking your loan application.
The estimate is based on the loan amount. RESPA requirements dictate that it has to contain all closing costs and fall within a precise range of accuracy, and I'll study the estimate and let you know if everything looks okay.
Then it's time to close on your house. This will most likely take place at a title company or escrow office and should be a smooth and stress-free occasion.
Step 9 – Move in
Congratulations! It's time to move into your new house. Enjoy it. And if you have any questions, make sure you contact me at 808-557-5321 or e-mail me at .