If you’re buying a home on Maui you might be wondering whether or not you need to make a full-price offer. Here are some tips.
Brand-new home. If it’s a brand-new home in a new development, the builder will have his own contract and will expect you to make a full-price offer. You can negotiate other items such as appliances, carpets, other upgrades, or HOA fees. This is the developer’s way of maintaining pricing in the project. Buying a brand-new home is great, but may have certain pitfalls you should be aware of. Always consult with your buyer’s agent before touring these new developments.
18 Ohia Lehua Pl., Pukalani (MLS# 360919)
Multiple offer situation. If the home is priced right, and in good condition, it will often produce multiple offers when it hits the market. This is not the time to get cheap. You would be wise to come in with your best offer, which may be full-price, or even higher. How will you know if you’re in a multiple offer situation? This is something your buyer’s agent can find out for you.
Something you can’t live without. When you see that certain Maui home that you’ve been waiting all your life for, and you can’t possibly live without it, then don’t let it get away. Check with your agent to see if the pricing is reasonable, and if so, this might be a great time for a full-price offer. Why let the opportunity pass by? You might only get one chance at it, so give it your best shot.
I hope this helps if you’re looking for a home on Maui and are unsure about what kind of offer to make. You will benefit from using a local agent who can guide you through the negotiations and the escrow, to make sure you are satisfied. Feel free to contact me with any questions about the process of buying a home on Maui.
Georgie Hunter, R(S), e-Pro
800-667-5028 ex 8241