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Oleg
Potemkin (RA) Hawaii Realty Associates, LLC
Honolulu, Hawaii
Direct:
(808) 398-9987 Fax: (808) 538-8081 E-mail:
info@hawaii-realty.com
How
to Buy Your First Home the Easy Way!
Avoid 10 Common Potentially
Devastating Mistakes First Time Home Buyers Make.
Buying a home can be a
"hair-raising" experience. It can be a roller coaster of
emotions... finding the right place... securing the loan... moving
in. And if you're like most of us, your home will be your largest
investment. The emotions over such a large and personal purchase can
often cloud good business judgment.
Many home buyers do very little research before "diving
in" and investing their hard-earned money. Before doing that,
doesn't it make sense to be as informed as possible? That's what
this report is all about. It's designed to help you avoid I 0
common, critical mistakes many home buyers make. If you follow these
10 suggestions, with the help of the right real estate professional,
you'll make a good sound business decision that you'll be happy and
proud of for years to come.
1. Inspect, Inspect and Inspect- Go over the inspection
report with a fine tooth comb. Make sure the report was done by a
professional organization. For condo purchases, go over the by-laws,
and association fees. Don't take anything for granted... inspect
everything!
2. Imagine the Property Vacant- Your furnishings and
decorations will be the ones filling this new residence. Don't be
swayed by beautiful furniture ... it leaves with the owner.
Be Columbo - check out all expenses. Taxes, utilities owner
dues… everything!
3. Income Plus Lifestyle Equals Mortgage Payment- Sit down
with a competent real estate professional and honestly discuss your
income level and living expenses. Take into account future
considerations like: children, add-ons, amenities or fix-ups. Your
dream home is certainly worth a sacrifice but don't mortgage your
entire future.
4. View Several Homes- See at least 3-5 properties. Don't
move on the first property you see but... don't move too slowly
either. With your agent's help, you'll be able to view enough
properties to get a good overall perspective of your market. And
when you find the right property, all the leg work will be worth it.
5. Utilize Your Team- By aligning yourself with the right
real estate professional, you'll have an entire team working for
you. Top real estate professionals have lenders, title reps,
inspection teams - an entire group of trained professionals to make
the whole buying experience simple and easy for you.
6. Be Columbo- Check out all your costs and expenses before
you sign: utilities, taxes, insurance, maintenance and homeowner
dues, if applicable. Make sure all utilities are on (gas,
electricity, and water), so you can inspect everything in working
order. Ask lots of questions and be very detail conscious.
7. Do a Final Walk-Through- Visit the property after all the
furnishings have been moved out to be sure there are no surprises.
Be absolutely positive the property was left exactly as you had
agreed upon in the contract. Many times, things are unintentionally
overlooked that could have been spotted in a final walk-through.
8. Plan For Flexibility- Closing dates are not written in
stone. Allow for contingencies and have a back-up plan. If you or
the sellers need a little more time to conclude the final
arrangements, don't let these delays upset or frustrate you. These
types of circumstances are not uncommon in a real estate
transaction.
Before you sign do a final walk- through and be sure the
property was left per contract.
9. If It's Not In Writing, It Doesn't Exist- All promises and
discussions are to be in writing. Don't make any assumptions or
believe any assurances. Even the best intentions can be
misinterpreted. Have your real estate professional keep an ongoing
log (in writing) of all discussions, and get the seller's written
approval for all agreements.
10. Loyalty Breeds Loyalty- Be open, honest and up-front with
your team. Hard feelings and disloyalty will cause headaches, delays
or may even keep you from getting into the home you worked so hard
to locate. Take the time to select the right team in the beginning
and your first home purchase will be a simple, easy and profitable
experience you'll have fond memories of… for years to come.
Your
Hawaii Real Estate Specialist
Oleg Potemkin (RA) Hawaii Realty
Associates, LLC
4211 Waialae Avenue, Suite 1020,
Honolulu, Hawaii 96816 USA
Tel: (808) 398-9987 Fax:(808)
538-8081 E-mail: Oleg@Hawaii-Realty.com
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