Steps to Buying Vacant Land

Steps to Buying Vacant Land


Steps to Buying Vacant Land

Listed is simplified steps to the buying process. We want to make this purchase convenient for you.

1. Fill out Ah Chong Realty, LLC Vacant Land Buyer Intake Form http://ahchongrealtyllc.com/vacant-land-buyer-intake-form-2/
2. Possibly visit www.hawaiiinformationservices.com or www.AhChongRealtyLLC.com website for active listings
3. Contact a Real Estate Agent at Ah Chong Realty, LLC
4. If purchasing land through financing, Buyer(s) are strongly recommended to get pre-qualified for a loan/Land & Construction Loan
5. Buyer(s) consultation with Realtor
6. Realtor will provide an initial list of active vacant land for sale in Buyer(s) criteria
7. Buyer(s) signs Buyer Representation Agreement Form
8. Buyer(s) chooses/sends a list of vacant land he/she would like to be shown
9. Realtor sets up appointment for showings of vacant land
10. Showings of vacant land
11. If vacant land is selected to purchase, Purchase Contract and necessary Addenda will be prepared for offer of land to Seller(s) and Seller(s) agent
*If vacant land isn’t selected, research & showing process will continue until Buyer(s) find vacant land or Realtor representation expires
12. Realtor will do an initial check for flood zone, lava Zone, TMK/HIS information, SSPP (if applicable), Associations (if applicable)
13. Purchase Contract will either be declined, counter offer prepared or accepted
        a) Declined
                i. Purchase Contract is Void
        Or
                ii. Buyer(s) can elect to change conditions within Purchase Contract and submit a new offer
        b) Counter Offer
                i. Change term and conditions within Counter Offer and re-counter
        Or
                ii. Accept the Counter Offer and Seller(s) terms and conditions
        c) Acceptance
                i. Enter into Contract with Seller(s)
14. Open Escrow
15. Realtors will provide Escrow timeline for Escrow process
16. Inspection, appraisal and loan contingencies to be completed
17. Buyer(s) signs closing documents, provides funds
18. Recordation

Congratulations on purchasing your new property!