Are you buying your home in Kohala Coast? Hawaii Luxury Real Estate R(B)-21156 can help.
Buying a home can be stressful for most people. However, with some up-front planning, it isn't too complicated.
So they understand exactly what to expect, I'll give buyers an outline of the entire deal.
Below are my nine steps to buying a home.
Should you have questions about this information or if you're prepared to get started, simply contact me here or e-mail me at .
Step 1 – Prepare to purchase
There are many things you'll want to consider prior to beginning your home search.
When you start your search, you'll probably want to make a list of features you need to have, get an idea of what neighborhoods and school districts you want to live in, and begin working on your budget.
A good principle to follow is that your mortgage payment should be around 30 percent of your net monthly income.
Step 2 – Contact a real estate agent
This is where Hawaii Luxury Real Estate R(B)-21156 can help.
I'd like to schedule a time to meet with you and speak with you about your real estate needs and get an idea of your upcoming plans.
We'll talk about the mortgage industry, other economic factors that could affect your purchase today or in the future, as well as neighborhoods and school districts in the Kohala Coast area.
I can also help you facilitate the loan process.
There are some very good mortgage professionals in Kohala Coast, and I partner with a lot of them, so you'll be in great hands.
They'll help you determine which kind of loan is best for you, as well as help you get qualified.
Step 3 – Start looking
After we meet for the first time, I'll begin looking for available houses on the market that are good for you.
I'll get a sneak peek of most of the homes and reject the duds, and then we'll set up appointments to tour the houses when it's convenient for you.
As we view the houses, I'll show you the good features and negative ones. I'll also ask you to tell us about things you like and dislike.
It's common for buyers to change their must-have list as we tour homes and some items become far more important than others.
If that happens, I'll search all the listings one more time and trim it down to the house of your dreams.
Step 4 – Get a grasp of the housing market
My understanding of the Kohala Coast market is a leading aspect in your house search. I'm mindful of all the school districts and neighborhoods, and I will alert you to certain districts are "hot" and require immediate action and others that are "cool" and allow for thoughtful consideration.
As we view houses, I'll let you know when the list price has room for bargaining and also when I trust the house is "priced to sell."
When working with an agent, be mindful and be sure to ask a lot of questions, as every REALTOR in Kohala Coast will convince you they truly know the market.
If things don't add up, just call me at 808-557-5321 or e-mail me at , and I'll be glad to answer any questions you might have. My knowledge of the market will help you stay a step above the rest throughout the entire process.
Step 5 – Find your dream house
I'm confident we'll find the house of your dreams in the Kohala Coast area. When we do, I'll thoroughly develop your real estate purchase offer. The offer will be made to suit your needs and the home. We'll include several contingencies, such as obtaining financing, completing the home inspection, and a clean title.
When sending in your offer, most likely you'll want to present "earnest money." This is a cash deposit made to a home seller to secure the offer to buy the property. The amount is typically put towards the closing costs. If the offer is accepted by the seller, we should close on the property within 30 to 60 days afterward. This allows plenty of time for your mortgage financing.
Step 6 – Negotiate the deal
Unfortunately most deals don't close on the first offer. It's extremely common to receive a counter offer. Don't let this discourage you. We'll talk about whether or not to take the counter offer, propose our own counter offer, or decline the seller's offer and move on.
Market circumstances will play a part in how aggressively we negotiate the contract.
In addition, we'll work within your budget. And at the end of the day, we'll formulate a deal that is best for you.
Step 7 – Obtain a loan
Upon finishing the contract, you'll begin working with your lender to close the loan.
It shouldn't take much time at all if you're pre-qualified, but you need to stay in close contact with your lender.
And I'll care for all the property information your mortgage lender needs to close the loan.
Step 8 – Close the deal
You'll get a Loan Estimate (LE) of your closing costs from your lender within three days of accepting your application.
This estimate rests on the loan amount. RESPA requirements order that it has to contain all closing costs and be within a narrow range of accuracy, and I'll go over the estimate and let you know if it all looks all right.
Then it's time to close on your home. This will most often take place at a title company or escrow office and should be a smooth and calm occurrence.
Step 9 – Move in
Congratulations! Now you can move into your new home. 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 .