So, you’ve made a decision to purchase property on beautiful Hawaii. Congratulations! It’s a big decision, and there’s a lot to think about before you get house hunting. To start, you’ll want to visit local Hawaii realtors armed with the right questions so you can get an idea of what to expect, and which realtor will serve you the best.
A productive interview with a prospective realtor can take an hour or more and will involve plenty of discussion on your particular needs; however, below are some more general questions to ask a Hawaii realtor to help get you started:
What is your experience in the local market?
No matter where you buy, you are much better off hiring a local realtor than a realtor based out of town. In Hawaii, this is particularly true. These islands are removed by thousands of miles from the US mainland, and they have their own unique real estate market, rules and regulations. Only a local realtor will be able to have the experience necessary to help you navigate the process smoothly.
What type of homes are available within my budget?
Isolation, tropical location and limited land all influence Hawaii’s real estate market, and are the driving reasons behind the sky-high property prices here. Don’t let this deter you — ask your realtor what your options are. Leasehold properties, while rare on the mainland, are common on Hawaii and are more affordable than the standard fee simple properties. Condos, cottages and even off-grid homes are also available and could save you money. In addition, certain neighborhoods and villages in the Kailua-Kona area are surprisingly more affordable than homes located in town. Discuss the options with your realtor to get an idea where you can get the most for your money.
What type of properties do you usually handle?
Every realtor has his or her strong-point, and you’re best off with a local realtor who has either well-rounded experience or a specialty in the type of home you’re looking to buy. Some realtors, for example, are very experienced in the sale of condos and leasehold properties (such as ones found along the Kohala coast), while others may specialize in selling large agricultural properties (such as coffee plantations in South Kona).
Are you looking for a local Hawaii realtor? Contact Lailan Bento Realtor S today. She’ll be happy to answer any questions that you may have!