Oct 26 2020
The best place to start your real estate search
Posted in Services
We all want to be able to find our perfect ‘castle’ that we can be proud of and plant some roots. But that can’t always be the case. If it’s your first home, you may only be able to afford a certain amount of monthly payment. Perhaps you are only planning on living in Hawaii for a set amount of time. Maybe its a stepping stone to that next bigger home. Most importantly, you need to start somewhere. Renting from a landlord, is just helping that person pay for their mortgage. Put your money into a property that is going to help you own someday and that overtime will appreciate in value and give you future wealth. Hawaii real estate has been that vessel for homeowners for over a hundred years.
But, where to start, is the big question. If you are buying a property for you and your family to live in, then the important things to consider are commute times to work; good schools for your kids; accessibility to the area (how many ways in/out). Next, figure out how big of a home you actually need (how many bedrooms, baths, parking stalls). Can one of the bedrooms, second as a den? If you buy a home that is affordable for you, but you have to commute 2-3 hours a day, then perhaps you should look into something smaller and closer to your work. Are your parents getting to that age, where they will need to come live with you? Perhaps you should consider a property big enough to build an Additional Dwelling Unit some day. Discuss locations and needs with family and friends. You don’t want to buy a property so far away that no one will come to visit you.
Next, discuss your plans with a lender, to see what you can afford. There are special financing options for first time buyers and VA. You may be able to buy something with little or no money out of pocket. Bring up the subject of mortgage insurance, maintenance fees and HOA dues. These are all fees that are added to your monthly payment and could make the difference between being able to qualify for a loan on a property or not. Pay down your credit cards and auto loans, if at all possible. Discuss how you can do that with your lender.
Start searching for properties on the internet and driving by those that really interest you. Set up an ‘Auto-watch’ so you get an email or text as soon as a new property comes on the market that fits your criteria. Go to Open Houses on Sunday afternoons. Don’t feel intimidated. The agent sitting the open house would probably love your company.
Submit an initial offer on our website in the ‘Make An Offer’ section of the listing page. We will contact the agent or owner and see if they would entertain your offer. If they say ‘Yes’, we will contact you to put the offer together with you to be submitted that same day. If your offer is accepted, we will walk you through the escrow process, all the way to closing! That’s it!
Happy House Hunting!