The Buying Process

Let Ah Chong Realty guide you through the process of buying real estate.  Our experts will be with you every step of the way to answer any questions you may have.  

Guide to Buying A Home

Home Buyer Intake Form

1. Help us get to know you and your needs by filling out our Buyer Intake form
2. An agent will review your responses and set up a consultation with Buyer(s)
3. If purchasing home through financing, Buyer(s) are strongly recommended to get pre-qualified for a loan
4. Buyer(s) consultation with Realtor
5. Realtor will provide an initial list of potential homes in Buyer(s) criteria
6. Buyer(s) signs Buyer Representation Agreement Form
7. Buyer(s) chooses/sends a list of homes he/she would like to be shown
8. Realtor sets up appointment for showings of homes
9. Showings of homes
10. If home is selected to purchase, Purchase Contract and necessary Addenda will be prepared for offer of home to Seller(s) and Seller(s) agent
    1. If no home is selected, research & showing process will continue until Buyer(s) find a home or Realtor representation expires
11. Purchase Contract will either be declined, counter offer prepared or accepted
    1. Declined
       1. Purchase Contract is Void
       2. OR Buyer(s) can elect to change conditions within Purchase Contract and submit a new offer
    2. Counter Offer
       1. Change term and conditions within Counter Offer and re-counter
       2. OR Accept the Counter Offer and Seller(s) terms and conditions
    3. Acceptance
       1. Enter into Contract with Seller(s)
12. ​​Open Escrow
13. Realtors will provide Escrow timeline for Escrow process
14. Inspection, appraisal and loan contingencies to be completed
15. Buyer(s) signs closing documents, provides funds
16. Recordation

Guide to Buying Vacant Land

Vacant Land Buyer Intake Form

1. Fill out Ah Chong Realty, LLC Vacant Land Buyer Intake Form 
2. Possibly visit www.alohaliving.com or our search page 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
    1. Declined
       1. Purchase Contract is Void
       2. OR Buyer(s) can elect to change conditions within Purchase Contract and submit a new offer
    2. Counter Offer
       1. Change term and conditions within Counter Offer and re-counter
       2. OR Accept the Counter Offer and Seller(s) terms and conditions
    3. Acceptance
       1. 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

Loan Pre-Qualification Checklist

Collect and provide any forms that may be applicable to you to your lender as soon as possible to quickly process your loan application to get pre-qualified.

• Legible copies of ID for all borrowers and (only for FHA loans) Social Security card
• Copies of the last 2 years Federal 1040 tax returns, include all schedules ad pages
• Copies of the last 2 years W-2 forms
• Two most recent paystubs (for at least a month period, dates within the last 30 days unless self-employed)
• Two most recent, consecutive bank statements, all pages even if blank.
• Source of deposits- If bank statements show any deposits from non-payroll, provide evidence where deposit came from, ex. Copy of check, invoice, etc
• Most recent state for each investment account
• Copies o
• Most recent state for each investment account
• Copies of Social Security Award letter and last 2 years 1099s

 * Disclaimer – the above information has been provided by Island Home Loans Inc and is not the responsibility of Ah Chong Realty LLC.  If you need specific advice, please seek a mortgage professional who is licensed and knowledgeable.