Offer Accepted - What's Next?

Real Estate Offer AcceptedManaging the Escrow

There is one more stage to buying Hawaii real estate. When the purchase agreement is accepted and signed by all parties, your real estate agent will open escrow for you and your earnest money will be deposited. The escrow is a neutral third party that will receive, hold, and distribute all funds associated with your transaction.

Removing Contingencies

Prior to closing escrow, all of the contingencies of the Purchase Agreement must be met. Your real estate agent will coordinate this process. Typical contingencies include:

  • Approval of the Seller's Property Disclosure Statement
  • Approval of the preliminary title report
  • Loan approval, including an appraisal of the property
  • Physical inspections of the property
  • Pest inspection and certification
  • Acquisition of homeowner's insurance

Closing Escrow and Moving In!

When all of the conditions of the purchase agreement have been met, you will sign your loan documents and closing papers. You will deposit the balance of your down payment and closing costs to escrow and your lender will deposit the balance of the purchase price. The deed will then be recorded at the County Recorder's office and you will take ownership of your home.

Your real estate agent is a valuable source of helpful tips for planning and coordinating your move.

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