Planning on buying a home on the Big Island? Congratulations! Shopping for a home in paradise is an exciting experience, but keep in mind that it’s also a complicated business transaction. Follow our home buying tips below to help make the process go more smoothly.
Have a Plan
Home buying is a complicated process, and going in unprepared can cost you time, money, and potentially your dream home. Before you start seriously looking for a new home, consider the following:
- Know what you can afford: Don’t just guess; talk to a lender or use a home affordability calculator to determine exactly what you can spend.
- Define your ideal home: Include a list of what’s necessary, and what you would like or not like in your island home.
- Know what your long-term plans and goals are: Where do you see yourself in 5, 10, even 20 years from now, and how does a home in Hawaii fit in with your plans?
- Get pre-approved: Getting pre-approved by a lender ahead of time sets you apart from other home buyers and only takes a few days.
Hire a Realtor
During the buying process, an experienced realtor will act as your advocate, saving you both time and money. Hiring a local realtor in Hawaii will also make navigating the island’s unique real estate market much easier, allowing you time to actually enjoy this exciting process.
Remember that the cost of buying a home is more than just the price on the home itself. There are also additional costs for home inspections, legal fees, insurance and surveys that you need to be prepared for.
Buying your dream home in paradise is very exciting, but keep in mind that rushing to find and then buy a home can cost you in the long run. In fact, people who fall in love with a house end up paying more and are more prone to making mistakes in the contract than those who remain more detached. With your realtor’s help, you can strike the right balance between taking your time and taking action on the house you love.
To see how hiring a local realtor can help you purchase the home of your dreams, contact Lailan Bento today for a consultation.