D2 - loan monies 2 days prior to close.J3 - final inspection 3 days prior to close.J10 - pet treatment 4 days prior to close.J9 - interior cleaning 4 days prior to close.J8 - remove seller items 5 days prior to close.L2 - termite report 10 days prior to close.H4(d) - loan conditions satisfied in 37 days.H4(c) - conditional loan approval in 30 days.D2 - 2nd buyer deposit upon J1 approval.J1 - home inspection approval in 10 days.G3 - buyer tenancy selected in 10 days.I1 - seller disclosure delivered in 5 days.

H4(b) - pre-qualification letter in 3 days.H4(a) - submit loan application in 2 days.The following paragraphs of the Purchase Contract are part of a typical escrow with financing, as of the acceptance date: Upon the acceptance of the offer or counteroffer, escrow will be opened. If unsuccessful, the buyer can choose to cancel.Ĭan I submit an offer before the showing? If title issues are discovered, such as liens or disputes, the buyer may request the seller to resolve these issues. Title - this contingency ensures that the property has a clear and marketable title.If the property appraises for less than the purchase price, the buyer can negotiate with the seller for a price reduction or choose to cancel the contract. Appraisal - this contingency allows the buyer to ensure that the property's appraised value meets or exceeds the agreed-upon purchase price.If the buyer is unable to obtain financing within the agreed-upon timeframe, they can back out of the contract without penalty. Financing - this contingency allows the buyer a specified amount of time to secure a mortgage loan.This contingency is typically included to protect the buyer and provide them with important information about the property before proceeding with the purchase. Seller Disclosure - this contingency is a provision that allows the buyer to receive and review certain disclosures and reports from the seller regarding the condition of the property.If the parties are unable to reach an agreement, the buyer can choose to cancel escrow. If the inspection uncovers significant issues or defects, the buyer may request repairs, credits, or negotiate a lower purchase price. Home Inspection - this contingency gives the buyer the opportunity to conduct a professional home inspection.Several contingency examples in a contract include home inspection, seller disclosure, financing, appraisal, and title: Contingencies are safeguards for buyers and sellers to protect their interests and provide a way to cancel or renegotiate the contract if certain conditions are not met. Tax questions about 2023 property tax rates, GET, TAT, and conveyance taxes.Ī contingency is a condition or requirement that must be met for the contract to proceed and become binding.General questions about pet quarantine, rainwater catchment, vog and its risks.Financing questions about condo classifications, lenders, pre-qualified, pre-approval.Escrow and title questions about closing costs, duties, fees, tenancy, insurance.Condo questions about co-ops, maintenance fees, monthly costs, parking.Real Estate questions about contingencies, IRC 1031, purchase contract, inspections.

FAQs about buying, selling, investing, and living in Hawaii, will be addressed, providing the knowledge needed to navigate the local market. Understanding the buying process and local regulations to exploring investment opportunities and lifestyle considerations, is essential to any property search.

Whether a prospective buyer, seller, or simply someone curious about Hawaii real estate, this resource aims to provide valuable information and answers to frequently asked questions about the Big Island, Kauai, Maui, and Oahu.

Hawaii conveyance tax on leases