Buying Property on Maui

The Purchasing Process

First off, the process of purchasing a home or investment property generally starts with determining your buying power, that is, your financial reserves plus your borrowing capacity. Certain classifications of Hawaii property require a greater or lesser percentage of the purchase price as a down payment. Unless you are buying with all cash, your position of strength is being pre-approved with a lender. We can refer you to reputable lenders that have proven track records to start this process.

Find Potential Properties

Next, we will discuss numerous negotiable factors. These factors could include price, financing, terms, date of possession, the inclusion of repairs, furnishings, and any other items that would pertain to your potential purchase. Creating a purchase agreement will allow us time for the appropriate recommended/required inspections and investigation of the property before you are bound to complete the purchase. We will help you obtain a preliminary title report, which will indicate historical title/ownership of the property, easements for utilities, and other important functional and legal considerations. Together we will review the mandatory Hawaii Real Property Seller’s Disclosure. All along the way, we will focus on and meet the contract deadlines and guidelines that are meant to protect you.

Submitting an Offer

Finally, we will work with the seller’s agent to open escrow, and proceed through the contractual obligations, necessary research, financial process, etc. of consummating this transaction. At the same time, we will be monitoring the seller’s performance of the said terms of the agreement. From the opening of escrow through the closing, we keep a careful watch on everything involving the purchase.

Through all these steps, we ask for your loyalty and an open channel of communication between us. Your ultimate success and satisfaction in accomplishing your real estate goals is our primary focus as your trusted Maui Real Estate Advisor.