Offer Accepted - What's Next?
Managing 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.
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:
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.
Begin your Hawaii home search now in our complete MLS listings. You'll be looking at Hawaii homes for sale in a matter of moments.