Private real estate purchase advice

[HawaiiTedd]

Looking for some advice...

I am in the process of negotiating to buy the undeveloped lot that is adjacent to the lot I own and live on in Fern Acres. I am talking directly to the owner, who I contacted via the County property records. The lot is not currently listed, so we would like to do a private party transaction and avoid the expense of a real estate agent.

I have done several private party real estate transactions in another state, but this will be my first in Hawaii. I usually just have the title company assist for a fee, which is much cheaper than what most real estate agents will charge.

I always get title insurance to make sure I am getting a clear and marketable title, and have the title company take care of recording deed, etc.

Any advice out there for me? Any preferred title companies in Hilo area?

Thank you.

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[HawaiiTedd]

Also...does anyone have a blank copy of the current Hawaii DROA Purchase Contract in PDF form that they could send or direct me to?

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[hawaiideborah]

We bought our house directly from the owner. It was a similar situation to yours. The house was not listed. We met the guys at a party and ended up looking at their house. they wanted to sell sometime soon, but had not contacted any agent. We decided to buy it.
we ended up paying a real estate agent to do all the paperwork. She did it for $1000 which was well worth it. It went without a hitch.

We also bought title insurance.
The title company we used was:
Debra Lopez at First American Title Company
961-3775
1438 Kileau Ave. Hilo

Good luck with your transaction.

[ishkabibble]

I was thinking of buying direct from the owner like you did. Can you give any info on the real estate agent who handle the paperwork.
Thanks