Chris  Morgan


Realtor  /  Broker

Suzanne  Smith  Associates


For our First-time Home Buyers

As a first time home buyer, I know that purchasing property can be complicated. 

Please call me to clarify any of this material : (808) 947-1306

When considering a new home purchase, first look at your finances. How much of a down payment can you make? Remember you may need additional funds for loan "points" and / or closing costs.

Next, meet with a mortgage banker or broker. They can look at your credit history and your current financial situation and help determine how much you can borrow, and what kind of loan is best for you. (There are different types of loans that the loan officer may recommend, including fixed rate, adjustable rate, or interest only loans.) They can also let you know what other associated closing cost or loan points may be involved.

Now that you know what you can afford, it's time to find a home. Meet with us so that we can review with you the properties for sale in the neighborhoods or districts that you like, and help to arrange showings for you.

When you have found the property that you want to purchase, we will prepare an offer to purchase contract, which we will submit with your earnest money deposit.

Once the offer is accepted by the seller, a neutral third party (escrow) will be opened to handle the transfer of money and property between the parties. Typically the escrow process takes one or two months to complete.

During the escrow process, the lender will require an appraisal of the property, and a termite inspection (within two weeks of the close of escrow), in order to guarantee financing.

The terms of the contract will allow a certain amount of time for you to perform any needed inspections of the property itself, and all records of it.

If you are dissatisfied with the inspection results you may:


                              request repair of non disclosed items,

                              request a credit from the seller against the property sales price,

                              you may cancel the contract, or

                              you may accept the property as it is.


When all the requirements of the sale contract have been completed, the loan has been approved and documents submitted to escrow, a closing date will be scheduled for you to meet with escrow and the loan officer to sign final documents and pay the remainder of your down payment.


Usually within three (3) business days of the signing of documents, the sale will be recorded, and you will receive your keys.


You are now the owner of your new home. 


Thank you for allowing us to help!






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