Posted July 18, 2018 07:24:56 The key to buying and selling real estate on the island is to know what it is, according to real estate broker Mike Withers.
“If you can understand that what it represents, that it’s something that you’re willing to put up with, you’re less likely to sell,” he said.
“And if you’re unwilling to give up your home, you won’t have a lot of options.”
When you’re buying, you need to be able to put a price tag on it.
“And if the price tag is too high, then you’re not going to sell it.
If it’s too low, then it’s not worth the risk.”
Withers said it was critical to know the properties properties value before you begin negotiating a sale.
“They need to have been in the market for a long time, or you’re going to lose your home,” he added.
“You can’t just buy and go and say, ‘I’ll take it, it’s gone forever, I can do it this way or that way.'”
You have to understand the value of what the property is worth.
“Hawaii is home to some of the most expensive real estate markets in the world.
Property values have soared in recent years as the population has expanded and the state has become a more expensive place to live.”
Haus said the boom in home prices in recent decades has meant that many people have been able to accumulate wealth without putting much money down.””
It’s an opportunity for people to go out there and find their own home.”
Haus said the boom in home prices in recent decades has meant that many people have been able to accumulate wealth without putting much money down.
“That’s been a boon to our economy,” he noted.
“But there are a lot more people than ever before who have not put down much.”
So you’ve got a very wealthy population that has not put much money into the market.
It means there’s a lot less housing that is available for people who have a need for housing.
“The number of homes for sale in the island state jumped to an all-time high of 3.45 million in the year to June, a figure that surpassed the previous record of 3 million set in 2007, according a survey by the National Association of Realtors.
However, the real estate market has been in a severe slump in recent months.
In January, prices fell to $1.6 million, a decline of almost 50 per cent.
The market has fallen below the $1 million threshold for the first time since 2009.