Buying property on Hawaii Island is an exciting decision, whether you’re buying your first home, a vacation property or a parcel of land. When it comes to Hawaii real estate, however, there are special factors to consider that don’t exist on the mainland.,hiring a Hawaii realtor to buy your home will help you navigate anything the local market throws your way, from unique leasehold properties, to volcano zoning and invasive coqui frogs — and will help you get the best possible price on the Hawaii home of your dreams.
Local Market Expertise
Did you know that 87 percent of buyers hire a realtor when purchasing real estate? While they may technically cost more than if you were to buy a home on your own, real estate agents can actually save you thousands — often tens of thousands — during the buying process. In Hawaii, hiring a realtor who’s knowledgeable and experienced in the local market can be even more important, especially if you currently live on the mainland and have limited time to keep up with the local island market. Your local realtor will also help walk you through Hawaii’s unique real estate laws and regulations, including whether or not a leasehold property will work for your needs.
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Networking & Negotiating
Experienced Hawaii realtors are well-connected in the community. In fact, many are experts at both buying and selling property. It will be your realtor’s job to keep up with changes in the market, and to know when new listings occur. In a marketplace as fast and fickle as Hawaii, this expertise can make the difference between securing a contract and watching the home you want get snatched up by another buyer before you even have the chance to make an offer. Their connections and experience in the real estate market will not only help you get the inside scoop on the newest and greatest listings, it will also give you a competitive edge once it’s time to start negotiating on price. Remember, it is your real estate agent’s job to protect your interests and get you the best deal possible.
When buying property on Hawaii, you may be tempted to go at it alone to save on some money, but it’s strongly recommended to consider all of your options first. More often than not, hiring a Hawaii realtor will save you time, money and stress, and will help ensure that you get the Hawaii home of your dreams.