Land Tenure: What is the difference between Fee
Simple and Leasehold properties?
fee simple buyer acquires ownership of the entire property,
including both the land and buildings. A
leasehold buyer owns the home or structure but only a
"leasehold interest" in the land beneath it. A
leasehold interest is created when a fee simple landowner enters
into an agreement or contract called a ground lease with the
lessee, or the buyer (homeowner).
What is the real estate transaction process (what do
I need to do to purchase a home)?
The transaction begins with Step 1:
Consultation with your real estate professional (me).
This is where we meet to discuss your real estate goals, review
the transaction process, and begin formulating a game plan to
reach your goals
How long does it take for a typical transaction (from
start to close)?
A typical transaction takes approximately 45 days for a
conventional loan purchase. If the purchase does not involve any
financing, it could take a little as a few weeks.
Estate Transaction Flowchart
Do I need to be in Hawaii during the entire
No, you do not need to be present for the entire
transaction, however it is highly recommended for you to be
available on Island while the optional home inspection is
performed. Also, please note that there will be multiple
correspondences between buyer, seller and escrow where facsimile
transmission or scanned documentation are acceptable for most
contract items. However, the original recordation/loan paper
will need to be signed, notarized, and the original document
sent. If you plan to travel abroad, please check local listings
or American Embassies for acceptable notary public services.