Buying Maui Real Estate - doing your due diligence, or J-1 as we call it

By
Real Estate Agent with Hawai'i Life Real Estate Brokers HRE# 58089 - RS

Buying Maui Real Estate - doing your due diligence, or J-1 as we call it

warning sign on Maui

When buying property on Maui, whether it be a house, a condo, or some vacant land, you need to do your due diligence.  Buyers are responsible for taking the steps to see that they are satisfied with the property they are buying.  

On our standard Hawaii Association of Realtors (HAR) forms, the purchase contract has a clause stating how many days are allowed for a buyer to perform their inspections.  This is called paragraph J-1.  The usual time requested by buyers is 14 days, but it can be whatever you reasonably need under the circumstances.  In this time you will be expected to thoroughly inspect the following:

  • interior and exterior of any buildings - using a professional home inspector is highly recommended
  • all appliances and fixtures, including photo-voltaic systems
  • septic system or cesspool if there is no sewer connection
  • well and water tanks if there is no public water supply
  • fencing and gates, retaining walls
  • public records regarding the property and its use
  • general disclosures - items that might affect the property such as mold, lead paint or asbestos, neighborhood nuisances, flood zones.
"How do I conduct a home inspection?"  If you're working with a buyer's agent on Maui, they can help you by providing names of good home inspectors and making sure you complete your inspections before the time runs out.  Your agent will advise you about who to contact for specific items, and can help with scheduling appointments.  If you have questions, be sure to ask them right away so you'll have the answers you need to make your decision about moving forward. 
 
"What if I don't like what i find and want to cancel the sale?"  In the state of Hawaii you must request to terminate your contract in writing, to all parties, before your J-1 period is up.  Your agent will ask you whether or not you want to continue with the purchase or cancel, based on your inspection findings, and will provide you with the means to cancel if needed.  If a buyer fails to provide written notice about canceling, then they have waived their right, or in other words, silence is acceptance.
 
J-1 is an important step in the home buying process on Maui.  It's also important to work with a reliable agent who can guide you through the escrow stages and make sure everything goes smoothly.  Those first few weeks are a critical time to be sure you are buying the right property that will bring you happiness for many years to come.
 
 If you have questions about the real estate market, about buying or selling a home on Maui, please contact me, a local Maui REALTOR.
call or text me 808 283-0635 ~ EMAIL 
Aloha from Maui... 

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Topic:
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Groups:
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Vacation and Second homes
Real Estate Questions & Answers
Investment Property (USA)
Tags:
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Rainmaker
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Sussie Sutton
UTR Texas Realtors - Pearland, TX
UTR TEXAS Realtors - Rep for buyers and sellers.

Great post Georgina I hope many new buyer see it and call you to be your Realtor!

Oct 09, 2012 09:44 AM #1
Ambassador
3,047,120
Paul S. Henderson, REALTORĀ®, CRS
RE/MAX Northwest. - Tacoma, WA
Tacoma Washington Agent/Broker & Market Authority!

These are sound and effective ways to protect your investment...

Oct 09, 2012 11:57 AM #2
Ambassador
2,078,769
Barbara-Jo Roberts Berberi, MA, PSA, TRC - Greater Clearwater Florida Residential Real Estate Professional
Charles Rutenberg Realty - Clearwater, FL
Palm Harbor, Dunedin, Clearwater, Safety Harbor

Suggested for a feature! This is one more reason why it is vital to work with a great, experienced local agent that knows her stuff!!! YOU would certainly be MY choice!!!

Thanks for letting me know about VOG..........had no idea there was such a thing!!!!!

Oct 09, 2012 09:54 PM #3
Rainmaker
2,765,939
Kathleen Daniels
KD Realty - 408.972.1822 - San Jose, CA
San Jose Homes for Sale-Probate & Trust Specialist

Georgina, Buyer due diligence is critical. When I represent a buyer and they do not want to get inspections I require them to sign a waiver which states that they are doing so against broker recommendation. 

 

Oct 10, 2012 02:35 AM #4
Rainmaker
1,463,272
Georgie Hunter R(S) 58089
Hawai'i Life Real Estate Brokers - Haiku, HI
Maui Real Estate sales and lifestyle info

Thanks for reading my post and leaving a comment.  I'm hoping this will be part of a broader series about the process of buying a home on Maui.

Oct 10, 2012 04:12 AM #5
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Rainmaker
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Georgie Hunter R(S) 58089

Maui Real Estate sales and lifestyle info
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