Hawaii Elite Real Estate – Maui House Hunting Tips
The Checklist Approach
Whether it is your first time buying a home, or you are a seasoned home owner that may own multiple properties, there are always some concepts to keep in mind when you are looking for your next – or first! – home.
Generally speaking, what follows is a very solid “roadmap” of the things you will want to consider when purchasing a home:
- Determine how much you can afford
- Get pre-approved
- Search for a home
- Find a real estate agent
- Visit open houses and tour homes
- Submit an offer
- Get a home inspection
- Get an appraisal
- Close the sale.
Here To Help Every Step Along The Way
Even before you may feel the need to find a real estate agent, it is a really good idea to start right there. A Realtor will know how to help you determine how much you can afford. Ben, our principal, has been helping home buyers find the right home for their budget and helped dozens of individuals locate an established, well respected mortgage lender.
Time is of the Essence
This means being aware of how much time each step of the process is likely to take. Of course, there are exceptions and sometimes everything can, almost magically, fall into place. However, the expectation should be that each step of the process will take a certain amount of time and most likely won’t occur immediately. All good things come to those who wait!
The first step, gettin a mortgage pre-approved, can take 30 days or more, according to Credit.com. Once you are approved, then the fun can begin! You and your Realtor will start putting together showings of properties that fit your needs and your budget. In terms of how long it may take to find that special place, the National Association of Realtors reports that it takes on average 10 weeks for buyers to find the house they’ll likely buy.
Once you have located “the one,” the Home Buying Institute tells us that price negotiation usually takes less than a week. In that amount of time you will know how competitve the seller wishes to be. Given how emotional it can be to find your dream home it very well may feel like longer. Once an offer is agreed upon, the closing process typically takes 30 to 60 days.
Call Hawaii Elite Real Estate Today To Begin Your Journey
We have hundreds of properties on the market for you to view, either in person or virtually. Now is a really great time to be in the market as interest rates are low and many home and condo owners are looking to sell. Here is a home that just might be “the one” for you!
ingle Level home with one of the best ocean views in all of South Maui….very nicely renovated 4 bedrooms plus a den. Open spacious floor plan with large open and airy rooms. Views from nearly every room in the home. Very cool master bath with dramatic tub and outdoor shower. Quality finish material selections throughout the home. Privately situated in One of Wailea’s premier gated communities Wailea Kialoa.