Hawaii Agreement of Sale

Selling a property in Hawaii to a buyer who can't get a mortgage loan? You can finance the purchase price with this Agreement of Sale.

• An Agreement of Sale works rather like a contract for deed, because it allows the buyer to pay off the purchase price of the property over time ("seller financing").
• The buyer pays a downpayment at the time the Agreement is signed. The buyer then makes monthly payments towards the balance, with a balloon payment of the entire amount outstanding at the end of the payment term.
• The buyer can prepay all or part of the outstanding balance at any time.
• If the buyer defaults in making payments or performing any of its obligations, the seller can immediately demand payment of the entire unpaid balance with interest and take possession of the property.
• If your buyer can't get a conventional mortgage, do it yourself with this Agreement of Sale form.
• Intended to be used only in the State of Hawaii.