1. Within 7 days of your offer being accepted you need to have your home inspection if you choose to have one. We strongly suggest you do. Team Lally can make recommendations for inspectors. If this is a bank owned or short sale property, check withyour buyer specialist to see if Utilities are on. If they are not on, you might have to turn them on in your name if the bank is not willing to do so. This is not unusual.
2. If you are satisfied with the inspection, you will notify your lender and tell him to order your appraisal if he/she has not done so yet. If you are not satisfied, your buyer specialist can help you to renegotiate with the seller for a credit or repairs. Or at this point you can simply cancel.
3. It usually takes 3-5 days from the date your lender orders the appraisal for the appraiser to schedule and conduct the appraisal.
4. The appraisal takes 3-10 days for the results to be revealed. With VA appraisals expect 2-3 weeks.
5. During this time your lender should have all of the required documents. It’s best to check with your lender to confirm he/she has everything they need.
6. You should call to get homeowners insurance quotes at this time. It’s best you send your insurance agent the MLS info sheet. If you don’t have one, ask our Closing Coordinator for the “MLS Info Sheet”. This will prevent your insurance agent from asking you a million questions about the home. *If you need a recommendation for an insurance agent let us know. We have a great one that we work with.
7. When you’re about 3 days away from closing you should call the Gas, Electric and Water Company and ask to “Transfer Utilities” for the date of your closing. Here is the contact info:
The Gas Company: 808.535.5933
Hawaiian Electric Company: 808.548.7311
Board of Water Supply: 808.748.5000
8. You should do a “Final Walkthrough” of the property you are purchasing within 24 hours before closing to confirm the property is in the same condition that it was in when you agreed to purchase the property. If for some reason your Realtor doesn’t contact you, please reach out to them to get this scheduled.
9. For the day of closing you will need your driver’s license for all signers and a Cashiers Check for the amount you are required to bring to closing. Your lender will be the one to give you the amount you will need to bring to closing. The Cashiers Check should be made out to the title company. This is very important. It must be a Bank Cashiers Check and it must be made out to the title company.
10. If your name is on the purchase agreement, you will need to be present at the closing or have signed a power of attorney for someone to sign on your behalf. If you are doing a power of attorney, you will need to notify our closing department and your lender at least seven days prior to closing.
11. The day before closing or sometimes even the day of, you should be in communication with your lender because they will tell you exactly how much you need to bring to closing. Don’t be alarmed or upset if you get this number the day of closing or even an hour or two before closing. This is very common. For whatever reason, the banks wait until the last minute to gather final numbers. It’s not your lenders fault; there is a lot of coordination in the final hours between Title Company and lender preparing all of the documentation and HUD 1 Closing Statement.
12. Closings are typically done Monday through Friday between 9:00 a.m. and 4:00 P.M. The closing should take 1 to 3 hours depending on if everyone is on time and whether or not the loan funds right away. If this is a late closing say 3:00 or later, there is a very good chance it will not fund until the next day. In Hawaii the recording of property or official title transfer typically will be completed 2 days after signing.
1. If I find items during the inspection that are broken or need to be repaired can I ask the seller to repair or replace?
Yes, you can ask for the items to be repaired, replaced or you can ask for a credit towards closing costs or a price reduction for an estimated amount and then you will assume the repairs and work needed to be done.
2. If I get denied on my loan will I get my earnest money deposit back?
Yes you will, assuming your purchase agreement has a mortgage contingency. Most do.
3. What if the home doesn’t appraise for what we offered them?
If the home doesn’t appraise you are back to the negotiating table trying to find a price that everyone agrees to.
4. Can I pay over the appraised value if I want to?
Yes you can, more times than not, it is a compromise between the buyer and seller. However anything you pay over the appraised value is that much more than your required down payment that you will need to bring to the closing.
“When my husband and I got transferred here with the Coast Guard we were interested in purchasing our first home. We found Adrianne through other military members that she had helped. Adrianne and her team went above and beyond to help us find our first home. She took out all the stress and helped us every step of the way, from finding a home to finding a lender to get a loan. We found a short sell and she helped us get into our house and close within a month! Adrianne and her team has made us feel like family the way they take the time to call and check on us throughout the years and through their client appreciation events. Thanks again Adrianne and Team Lally!”
“Team Lally is an excellent team! They know their stuff, they are true professionals, and they care about their clients needs before they care about making themselves that extra $$$$. They treat you like family even after the sale of you home!”
“I love Adrienne and her crew. I am always impressed by how much they care about their customers and the time and effort they put into the care and feeding of all of us. I also am humbled by how much Adrienne does for the local community and those in need. It is just a relief to let Adrienne and her crew take care of you. Lori and Dennis Bennett”
“Dealing with team Lally has been a great experience. All of the agents which I encountered were very knowledgeable and courteous. The office which they conducted their business was neat and tidy. The atmosphere was very conducive.”
“Adrienne, Attilio, and Howard worked hard and patiently to get my condo sold. Despite working through hours where it was difficult to reach me in Boston. Their phone calls, emails, and use of the docusign system set the stage for the sale in a tough market. Thanks once again for your helpfulness and professionalism.”
“Adrienne and Atillio knew the urgency in selling our home and worked so quick that at times I was overwhelmed. When they got a buyer, their team Member Howard Nett was so helpful in keeping us informed and updated as to how things were progressing and things we needed to do, that it made this whole process comfortable for us. We are VERY satisfied with their services. We recommend Team Lally when you are looking to sell your home.”
“As first-time home buyers, I couldn’t have asked for a better realty than Team-Lally!Three months prior to moving to Hawaii from the mainland, we began our search online by looking at pictures and viewing videos of current listings in Kaneohe and Kailua. We were so fortunate to have Team Lally as our agent. Team Lally was knowledgeable, patient, and honest; they even went out of their way to record videos of a few homes. Via e-mail and over the phone, they addressed all my questions and concerns. By the time we arrived, we were so well prepared and closed on the house we wanted in no time! If we buy or sell again, we are definitely calling Team Lally”
“Team-Lally Rocks! It’s great to be considered a part of the Team-Lally family! After 13 years away from Hawaii, and looking for a house on the Ewa plain, we hooked up with a Team Lally realtor who was showing a house that we visited. Throughout the buying process, the knowledgeable staff addressed any problems that we encountered and concerns that we raised. We left the process feeling that our interests were properly represented and protected. This is the very thing that we expect from my realtor and weren’t disappointed. Our relationship didn’t end there. Through customer appreciation events (great food and prizes), newsletters and other resources, we stay connected. Also, if we have a question about market trends or need a contact for everything from a mortgage broker for refinancing or a plumber, we send an email or pick up a phone for a quick response—in practice, this team is really a network of businesses that work well together to meet the many needs of the customer. This is what the relationship between customer and realtor should look like, but seldom does. If we buy or sell again, we know who we’re calling—Team Lally! Joe & Tammy Waligura.”
“Aloha! I have worked with Adrienne for several years. She is the hardest worker and the most knowledgeable realtor I know. And there is nobody better than Team Lally when it comes to Short Sales! That’s why I used her! Her Team sold my home! And they make it easy with their outstanding team! And their marketing is 2nd to none! I highly recommend Adrienne and Team Lally!!”
“Team Lally definitely earned our business. They took pictures of our house and gave us a detailed pictorial guide of what we could do to get our house ready for the market. Everything they recommended was doable, concrete, and incredibly helpful. They are consistent, very professional and we’d highly recommend them!”