Purchasing a home with the help of a realtor is important anywhere, but this is especially true on Hawaii, which has some unique real estate rules and regulations. Your best bet is to meet with a few local realtors armed with the right questions so you can be sure to find the right one for your needs.
Questions To Ask A Hawaii Realtor
Finding a good realtor starts with asking the right questions. If you’ve never bought property on the island before, you’ll want someone who has the knowledge and experience to help you become a wise Hawaii real estate consumer. In addition to some specific questions of your own, consider asking the following:
What is the current local real estate market?
Every local market is in a constant state of flux, and the Big Island is no different. You’ll want a local realtor who is familiar with the real estate market, including past and current trends. He or she should also be able to help you identify the best neighborhoods and properties to invest in — and which ones to avoid.
What are the details of our business relationship?
It’s important to establish the business relationship that you will have with your realtor early on, including fees, services provided and the details of your contract. Specific questions to ask include:
- What’s your fee, and what services does it include?
- Do you work with a partner or a team?
- What is your experience with the type of property I want to buy?
- Have you helped sell a home in the neighborhood I’m interested in lately?
- What sets you apart from other Hawaii real estate agents?
What properties are available within my budget?
Buying property in Hawaii can stretch any budget, and your realtor can show you different types of properties for you to consider. There are actually two ways that properties are sold in Hawaii: fee simple (the typical straight sale of property), and leasehold (a long-term lease of a piece of property). The latter is uncommon on the mainland, but does occur in Hawaii. Each has pros and cons to consider, so it’s important to understand the differences between the two and what would work best for you.
If you are considering buying on the Big Island of Hawaii, feel free to give Lailan Bento Realtor S a call at 1-808-936-1800 with your questions.