3 Basic Steps to Begin a Successful Home Purchase in Hawaii

In addition to partnering with a Buyer Agent for a smooth and successful Hawaii Real Estate transaction, the following are 3 steps to help get you started in the right direction when purchasing real estate in Hawaii:

1. Meet with a Lender

Once the Buyer is comfortable with meeting the Agent who will be helping them, the second stop is right around the corner with the Lender. The Buyer can find out what price point and type of loan they will most likely want to get, which will set the stage for the Agent who then will start to locate properties that match the Buyer’s wish list.

2. Know What Loans You Qualify For

The Buyers don’t usually realize the variables a specific loan product might have on the criteria a home must have in order to satisfy that particular loan product. Those unexpected variables may not suit the loan. Not all homes can conform to rigorous lending requirements. Some homes have illegal square footage and don’t make a good fit for USDA or VA loans, which have no allowances for non-conforming issues.

3. Have a Pre-Approval Letter on Hand

This is helpful in case a great property pops up on the market. Timing is key, so the Buyer who has all their ducks in a row is in the best position to be the first to make the offer. Usually, if it is a good offer, the Seller will want to accept it, or will counter it, and that Buyer has more time to get his offer accepted over other Buyers in the market place who are not given pointed advice on how to beat the competition.

Contact a Licensed Hawaii Buyer Agent

I like working with Buyers and have been licensed since 2001 in Real Estate. If you have any questions, or are in need of a Buyer Agent or Buyer Consultation in Hawaii, please don’t hesitate to contact me.

Diane C. Chavez RS, ABR, GRI

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