Thinking about crossing the 49th to buy some Maui Real Estate? while I asked one of my clients from Canada to share her thoughts on the process. See her comments Below, I hope it helps in your thought process. If you have any additional thoughts I would love to hear them.
“Aloha Tom,
We’re back home and the jet lag is subsiding. Thanks again for lunch on Tuesday, it was good to catch up. We talked about Canadians buying in Hawaii and some of the hurdles us Canucks think we might have to jump to do it.
First of all, I think people should really get a feel for the market before they even think about buying. I guess that’s obvious. Then try to find a reputable, interested, and knowledgeable realtor that you can deal with. (I know we did) Then, check it out. We were only in Maui for 2 weeks but before the end of the first one, the offer had already been made.
This next part was the part I was most unsure about. The Escrow process! Not what we’re used to north of the 49th. But with your referrals for escrow companies, we chose one and were guided through the process with ease. We chose to meet with our escrow person but really didn’t even need to. The Docu-sign system that you have in place made it very simple to have all the signing done on computer so conceivably, a person could be back in Canada to finish the buying process if it all wasn’t completed by the time they had to go back.
I would also advise people interested in spending winter in Maui, that they check with either an accountant or lawyer back home to get the information on how living in the US part time has it’s conditions and what they need to be aware of before they buy.
The buying process really doesn’t differ that much from the Canadian system, just a bit more paperwork on the Offer to Purchase and the Escrow thing. But once you figure it out , escrow’s just the part we have done by a lawyer. The escrow company just takes the lawyer’s place. It was easy and having you as a realtor to guide us through out the process made it easier.
So, that’s my experience with the real estate buying process in the US and I must say I think it was the best thing that I’ve experienced in a long time. I can’t wait now to spend our cold winters in our Maui home. Thanks again for your help and your patience and good luck in all your endeavors. If I meet anyone looking to buy in Maui I will happily refer them to you.
Take care, Tom
Gerri Then”
Please feel free to add you comments if you have had buying experience in the U.S.