Calling for showing appointments are a very timely part of a Realtors® list of tasks for home buyers. We have more than enough on our plate when thinking about our Zoning Laws and then take into consideration the type of loan the Hawaii home buyer is acquiring for that home out in the ocean. Searching for those ‘special and specific' types of properties is another big task.
We can spend hours upon hours beating the MLS to death. Then we call for showing appointments and do not get a response for half the calls or emails we have made. (WHY? I answer all my calls, emails and text messages for all requests for my listings! {{{SIGH}}} We research and find out all there is to know about the possible properties you would like to view.
At a Glance Loans and Your Oahu Property Search
VA Loan Transaction Properties: Search out the MLS for properties that would well suit the Hawaii Military and Veteran of the Armed Forces Home Buyer. Properties have to have all permits and not have any major defects. The appraiser will pick up on it and when the report goes to the VA office they will issue their VA Notice of Value (NOV). You can guarantee that there will be a stipulation that the home appraised at X amount but the screen that had a hole in it will have to be fixed!- FHA Loan Transaction Properties: The condo either has to be FHA approved or a PUD. If there is NOT a 51% or over owner occupancy level then it is NOT a green light for a loan. There is much to take into consideration and you cannot...I repeat cannot think that just because you have 3.5% down that you can buy anything out there. If the FHA approval has lapsed make sure your loan officer knows how to get all documentation together to get it approved again. It may take a couple of weeks longer but it can be done!
- USDA Loan Transaction Properties: The good deal is that you can get a 100% financing and up to 2% more to cover some of your closing costs. The restrictions are that it is has to be in a designated RURAL AREA on Oahu.
Following are the USDA eligible areas on Oahu:
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- Village Park and Royal Kunia Subdivisions
- Ewa Beach
- Makakilo
- Kapolei
- The ENTIRE Waianae Coast
- Central Oahu from Whitmore Village, North to the North Shore and the Kunia area
- The ENTIRE North Shore Area
- Windward Oahu from Kahuku, South to Ahuimanu
- Waimanalo from Olomana Golf Course to Seal Life Park
- Finding out everything about the property: If it is NON conforming (even if you have all cash down) there could be major problems down the road. Is there anything you should know? Coastal, preservation, conservation, agricultural, country land have different zoning laws. Are there State and City/County permits? I have to get all the pertinent details so I'm not wasting my buyer's time.
The REAL scoop on that property you love.....
Could save you time and heartache....
...and major headaches.
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