Top 10 Tips for Buying Maui Real Estate

1. Top 10 Tips For Buying Maui Real Estate MAUI LUXURY REAL ESTATE TEAM

2. Find A Realtor Save Some Money Craft Needs/Wants Design a Budget 02 Research Locations Presentation Overview Don't Buy, Instead Invest Review History Consider Timing Don't Settle Don't Break Your Budget

3. GENERAL OVERVIEW Finding a good realtor is incredibly important for buying Mansions in Hawaii. Ideally you want to find a reliable, well-connected Realtor that has had many successes in helping to buy property in your desired area. Find A Realtor Maui Luxury Real Estate Team

4. Save Some Money Craft Needs/Wants Have some money to put down as a down payment. In our opinion, the more the better. These days, most financing requires a certain percentage down, but the more you put down, the less you'll have to pay in the long run. But don't put every dime you have into a down payment. It's a good idea to have at least a small safety cushion left over, and you may need more money for moving, lowering your interest rate by buying points, etc It's a really good idea to write down 2 lists, side by side, that show what you absolutely can't live without when it comes to your future land, home, or investment property along with what you'd really like to have but can live without. If you're buying a home with another person (partner, spouse, friend), you may find that this is a heated exercise in compromise. And after you finally come to a well-composed list, it may change when you look at places. So be flexible, but have a strong understanding of what you both need. Maui Luxury Real Estate Team

5. GENERAL OVERVIEW The first thing you need to do is find out how much you can comfortably afford to pay each month for your mortgage, potential association dues, and other normal expenses. The next part is dividing how much you can spend each month, along with what you've saved up, into pieces that fit into particular categories. Design A Budget Maui Luxury Real Estate Team

6. Research Locations Don't Buy, Instead Invest If you have the luxury, renting beforehand in an area that you want to buy in, is a great idea. That way you know for certain that you're going to be happy for a longer period (especially if the market turns bad for a long time.) Beyond living in your desired area, it's a good idea to do research on nearby schools, work, healthcare professionals, amenities, beaches, attractions, and the general vibe of the area. Don't buy property for the sake of buying. You need to look at your home/land purchase as an investment for your future. The biggest mistake people make when buying real estate is to be overly emotional. When your heart controls your purchase, you'll likely get massacred on the price and get pressured into a bidding war for something you're not able to afford. Maui Luxury Real Estate Team

7. GENERAL OVERVIEW Do yourself a favor and look into the history of the neighborhood, land, building, association, and local real estate market. You should also be aware of what temperature and weather changes you can expect year round. You may find that a favorite property is 50% more humid and rainy than a neighborhood a mile away. Hawaii is weird like that. Other factors contribute to desirable areas like sugarcane burning areas, water quality, ocean quality, flood zones, animal life, party- animal life, quality of association and other normally ignored/forgotten factors. Review History Maui Luxury Real Estate Team

8. Consider Timing Don't Settle Pay attention to the market. Just because you can afford a home, doesn't mean you should buy one at the height of the market. Your heart might be pushing you to buy a place to settle down in, but a few more years may allow you to save more and buy more home in the future. Also, keep in mind how long you plan on being in your future home. If your Realtor has 3 homes to show you, don't stop there. If nothing else is available, consider waiting or getting out of your comfort zone and looking in different areas. You may be surprised to find a perfect home only a few neighborhoods away that is far better than what you'd originally expected. That's where it's good to have an experienced Realtor that knows the area well. Maui Luxury Real Estate Team

9. GENERAL OVERVIEW it's very easy to miscalculate your financing needs. It's also very easy to get caught up in a bidding war for your dream home. It's worth losing your dream home if it means buying a lesser property later that will keep you within your means. There's nothing worse than buying the perfect house you can't afford, stressing for as long as you can to keep up with payments, then losing that home. Back to square one. Don't Break Your Budget Maui Luxury Real Estate Team

10. FOR BOOKINGS AND VIEWINGS Website www.mauiluxuryrealestateteam.com Contact details Mobile phone 808-495-0022 Email address info@mauiluxuryrealestateteam.com