Understanding A Hawaii Kai Sales Contract

Real Estate Agent with Valcore Realty Group

Understanding A Hawaii Kai Sales Contract

 Finding the right Hawaii Kai home is an exciting time so make sure that once you have decided this is the home for you that you protect yourself when writing the sales contract. This is where making the wrong entries can cost you money, or the home.

It may sound silly to say, but when you are writing a contract make sure that it is the current edition of the form. Either on the top or bottom of the first page is printed the date the form was last changed. Not having an up-to-date form will leave out new changes to the guidelines that you need to be aware of.

These Hawaii Kai real estate contracts are long, complicated and full of legal talk so take time to read everything. Never let anyone rush you into signing something unless you have thoroughly gone over every word. If there is something that you want to address that isn't listed the counteroffer is the time to address it. Once the contract is accepted, it will be too late to bring it up.

The contract is going to have a lot of specific dates in it. For example, inspection cutoff and contingency cutoff, financing contingency cutoff, loan application, loan approval, etc. Sellers will want these dates to be as soon as possible. But as a Hawaii Kai realty buyer........

To view the rest of this Hawaii Kai real estate article please visit our Hawaii Kai homes for sale website.

Comments (3)

MaryBeth Mills Muldowney
TradeWinds Realty Group LLC - Braintree, MA
Massachusetts Broker Owner

Interesting, do you use the same form for all purchases, is it mandated by the state of Hawaii?

Mar 05, 2011 09:31 PM
Ryan Tongg
Valcore Realty Group - Honolulu, HI

There is no mandated form by the State of Hawaii. However, the members of the Honolulu Board of Realtors utilize a standard purchase contract for residential real estate on the island of Oahu for all residential real estate transactions. This purchase contract is continuously evolving and has many lawyer hours spent on it to protect the buyer and seller.

Mar 05, 2011 09:39 PM
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

I hope consumers read the contracts carefully before signing and seek legal advice if necessary.

Mar 05, 2011 10:37 PM