Buying a Maui property can be an exciting and dream-come-true experience; but, in the same moment, it can be time-consuming and stressful!
Remove as much of the negative from the equation as you can. How? Simplify and organize the process. Take it one step at a time.
The ABR Designation is only awarded to a Realtor® who has met specific education and experience criteria needed to provide high level quality service required by REBAC (Real Estate Buyer's Agent Council).
Credit scores are important to lenders. Scores can influence interest rates and terms of your mortgage. The National Association of Realtors suggests visiting annualcreditreport.com to request a report. The Fair Credit Reporting Act gives you the right to a free credit report from each of the three nationwide credit reporting companies every 12 months.
Make sure your lender does business in Hawaii. And, if you are purchasing investment property/vacation rentals, ask the lender if "condo-hotels" are included in their mortgage programs. Guesstimate your expenses — closing and monthly costs.
Discuss it with your Realtor® ABR.
Have your Realtor® ABR arrange to view property that meets your needs.
Ask your Realtor® ABR (who has knowledge of the local market) to provide an analysis of current and historical prices. Ask for a checklist that measures how each choice meets your needs on that list you originally made.
Include your pre-qualification letter from your lender. Negotiate terms and conditions.
Ask your Realtor® to provide a timeline of events and deadlines. Expect your Realtor® to work through the timeline with you. Inspections, surveys, title insurance, property documents are some of the elements of the purchase agreement that have deadlines and require your acceptance.
Sign escrow/title and mortgage documents as well as obtaining home insurance. Ask your Realtor® ABR about home protection plans to save you money in the future.
Notify the post office you're moving. Change your voting address/precinct. Complete the Maui County Homeowners Tax Exemption application. Contact utility companies. Arrange for a mover. Are there any renovations you want to make before moving in, i.e. flooring, paint, closet shelving? Some tasks are easier to complete before you occupy.