The Benn Pacific Blog

Sort by Month: September 2015

Tuesday, September 22, 2015

Realtor(R) Roda’s 12 Questions When Analyzing a Neighborhood

12 Questions When Analyzing a Neighborhood
by Ryan Oda (RA), MAT

Getting Around:

How’s the morning rush-hour traffic?
Is the neighborhood walkable? Many older streets in Hawaii don’t have sidewalks.
Is the neighborhood bike friendly?
How close is the nearest supermarket, shopping mall, hospital, and restaurants? 

The Homes:

Is there a neighborhood association?
How often do homes come up for sale?
What’s the median home price?
Are there any desirable streets to live on?

The Community:

What’s next door? It’s important to be aware of any upcoming developments.
What school district are you in?
Is there ample street parking, especially after work hours?
Does the community match your lifestyle? 

Posted by Trevor Benn on September 22, 2015 at 01:39 PM
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Friday, September 11, 2015

First-Time Home Buyers Guide to Submitting an Offer

First-Time Home Buyers Guide to Submitting an Offer
By Ryan Oda (RA), MAT

Understand the Purchase Contract
The purchase contract is a legal, binding document. With the other addenda and forms, the purchase contract is over 15 pages long. The verbiage can be confusing, so have your Realtor® breakdown each section. If you have questions, ask.

As the buyer, it’s important to know your rights. You are ultimately responsible for understanding what you are signing.

Speak with your Lender
You, your Realtor®, and your lender should all be in constant communication. If you are interested in making an offer, have your Realtor® contact your lender. It’s important you get prequalified. This will make your offer stronger and more competitive when presented to the seller.

Monitor the interest rates. If the rates dropped, from the time you got pre-approved, you just might qualify for more.

Discuss Terms
Does the seller prefer any specific terms? Find out what the seller wants and give it to them, especially if there are multiple offers. Aside from price, you can make your offer more attractive by adjusting the terms of the purchase contract.

For example, rather than having a 14 day home inspection period, you can put 10 days (or less). Just make sure your home inspector will be available. Another example involves your first and second cash deposits. A seller might request that you put more money up front to show that you are committed to the purchase. Adjusting your contingencies makes your offer look sharp.

Posted by Trevor Benn on September 11, 2015 at 03:08 PM
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