Buying your home in Kohala Coast with Hawaii Luxury Real Estate R(B)-21156
Buying a home intimidates a lot of people, but with some planning ahead of time, it isn't all that complicated.
So they understand exactly what they can expect, I will provide buyers with an outline of the entire deal.
Below are my nine steps to buying a home.
Should you have any questions regarding this information or if you're prepared to get started, simply contact me here or e-mail me at .
Step 1 – Get ready to buy
Before you begin looking for a home, there are plenty of things you should contemplate.
You'll probably want to make a check list of items you want, get a feel for what neighborhoods and school districts you'd like to live in, and start working on your budget.
Ensuring your mortgage payment is less than or around 1/3 of your monthly income is a good guideline to adhere to.
Step 2 – Get in touch with a real estate agent in Kohala Coast
This is where Hawaii Luxury Real Estate R(B)-21156 comes in.
We can plan 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 talk about neighborhoods, schools in the Kohala Coast area, the mortgage and housing industries, and any additional economic factors that could affect your purchase today or in the future.
In addition, I'll assist you in getting started on your loan.
There are some great mortgage professionals in Kohala Coast, and I work with a lot of them, so you're in great hands.
They will assist you in choosing which kind of loan is best for you and help you get qualified.
Step 3 – Begin house hunting
Following our initial meeting, I'll begin looking for available houses on the market that are a great fit for you.
I'll preview most of the homes and remove the bad ones, and then we'll set up appointments to tour the homes when it's convenient for you.
When we view the homes, I'll show you the positive features, as well as negative ones. And I'll ask you about things you like and dislike.
It's widely common for buyers to amend their list of must-haves as we tour houses and some items become more essential than others.
If such is the case, I'll look through the listings once more and trim it down to the home you've been waiting for.
Step 4 – Get a grasp of the housing market
An agent's awareness of the Kohala Coast housing market is an essential element in your home search. And I assure you I'm acquainted with all the neighborhoods and schools, and I'll communicate some neighborhoods are "hot" and require prompt action and others that are "cold" and allow for thoughtful analysis.
When we tour homes, I'll let you know when the list price has room for negotiation and also when I believe the home is "priced to sell."
Every REALTOR in Kohala Coast will claim to know the market, but take note, and make sure you ask your agent lots of questions.
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 glad to answer your questions. My understanding of the market will keep you a step ahead through the entire deal.
Step 5 – Find the home you've been waiting for
I'm sure we'll find the house of your dreams in Kohala Coast. When we do, I'll meticulously create your real estate purchase offer. The offer will be tailored with your needs in mind and the home, including several contingencies, such as obtaining financing, finishing the home inspection, and a clear title.
When we turn in your offer, you'll likely need to submit "earnest money." This is a cash deposit made to the home seller to secure an offer to buy the property, and it's typically put towards the closing costs. If the seller accepts the offer, we should close on the home about 30 to 60 days after. This allows sufficient time for your mortgage financing.
Step 6 – Negotiate
Unfortunately most contracts aren't closed on the first offer. It's pretty common to receive a counter offer. Don't let this alarm you. We'll figure out whether or not to accept the counter offer, submit our own counter offer, or reject the seller's offer and move on.
How aggressively we negotiate the contract depends on market circumstances.
We'll also work within your financing constraints. And at the end of the day, we'll assemble a deal that is best for you.
Step 7 – Obtain financing
Upon finishing the contract, you'll start working with your mortgage lender to close the loan.
If you're already pre-approved, it won't take long at all. But you need to stay in close contact with your lender.
And I'll look after all the property information your lender needs to close the loan.
Step 8 – Close the deal
Your mortgage lender will furnish you with a Loan Estimate (LE) detailing closing costs within three days of accepting your application. You'll get a Loan Estimate (LE) detailing your closing costs from your lender within three days of getting your application.
This estimate depends on the loan amount. RESPA requirements mandate that it has to include all closing costs and be within a strict range of accuracy, and I'll study the estimate and let you know if everything looks okay.
Then we'll close on your house. This will probably happen at a title company or escrow office and is often a smooth and hassle-free occurrence.
Step 9 – Move in
Congratulations! Now you can move into your new home. Enjoy it. And if you have any questions, make sure you contact me at 808-557-5321 or e-mail me at .