Make a Strong Offer on a Home
In recent years, the Hawaii real estate market, like all real estate, has seen such growth in ensuring we put our best foot forward when making an offer on a property a client really loves.As Hawaii real estate is a hot commodity given the circumstances of inventory, Hawaii being a large destination for the rest of the world and lastly, the level of interest from multiple buyers all contribute to the nuances in our Hawaii real estate market. Putting in a strong offer not only increases your chances of being heard from sellers but going under further review to hopefully win the property!The following four tips really help to submit a strong offer!Always lean in on a real estate professional who is experienced not only in the process of buying a home here in Hawaii real estate but a professional who understands the uniqueness of Hawaii real estate because it can strengthen the realities surrounding the offer submission process. Always connect with someone who knows what they are doing, particularly here in Hawaii real estate! Any of our agents here at Hawaii Development Group would be more than happy to assist you on your Hawaii real estate journey!Know your budget and we can never stress this tip enough because your budget forecasts the potential options available to you. Even if you put in an offer under the budget you are capable of spending, increasing potential counter-offers with larger amounts can strengthen your chances of winning the deal. Timing is everything! The 2020 Pandemic market was a race horse of real estate sales here in Hawaii real estate and today, as the market has returned to normalcy, you have more time to really think thoroughly about the decision you are going to make in putting in an offer that will potentially land you with winning the property!Always work with your Hawaii real estate professional to ensure you are not skipping an opportunity to strengthen your offer! Things like inspections, requests for concessions and due to the market returning to normalcy which results in potential buyers having a lot more power to negotiate than before. If you are ever interested in all things Hawaii real estate, connect with a member of the Hawaii Development Group and we would love to increase your chances through a strong offer in realizing your dream property!Download our FREE Buyer guideThe post Make a Strong Offer on a Home appeared first on Hawaii Development Group.
Options Once You Sell Your Home!
Buying a brand new build in Hawaii is such an exciting process.For so many seller clients we encounter here at Hawaii Development Group, the Hawaii real estate market is always a talking point for them as to whether or they are relocating to another district and/or place and our take on advising remains within the options available to you as a seller!The biggest conversation when relocating from a sold home is buying a brand new built home or buying an existing home and we highlight these options concurrent with the lifestyle wants of the client. Buying a brand new build in Hawaii is such an exciting process because a client will enjoy updated accents, features and appliances because of the newness of the home. In Hawaii real estate, there are a great deal of existing homes due to Hawaii’s unique real property history and oftentimes, an existing home has enjoyed the level of history by one family or another and became a foundation to enjoy the community it sits in. It all comes down to the wants and needs of the clients when buying a Hawaii property.We highlight the different options available to clients wanting to look into a new build because of the newness value so much love! An existing Hawaii real estate home would provide benefits of existing landscaping, clients are able to explore a much broader range of floor plans and unique designs because Hawaii has enjoyed several architectural trends over the last century and when deciding to look at either a new build or existing Hawaii real estate. We encourage every client coming to us here at Hawaii Development Group to always work with an experienced real estate professional to map out a route of what exactly they are looking for so when we perform a Hawaii real estate property search, we can make sure we’re giving the best possible options contingent on inventory. Interested in looking at your new home search upon a recent for-sale listing? Connect today with one of Hawaii Development Group’s many Hawaii real estate professionals and we can move it along for you from there!Download our FREE Buyer guideThe post Options Once You Sell Your Home! appeared first on Hawaii Development Group.
The 3 Factors That Affect Home Affordability
Home affordability, particularly in Hawaii real estate given our standard of living is a major factor for many of our clients.We advise on ways that could curtail a client’s hesitation to look into getting a home or a new property!Mortgage rates shot up to over 7% last year, causing many buyers to put their plans on hold. But things are looking different today as rates are starting to come down. Hawaii real estate is so unique that it creates a whole new climate for mortgage rates and the best way to get the best advice is to get with an experienced real estate agent, which we are always more than happy to help out with!The second big factor at play is home prices. Home prices have made headlines over the past few years because they skyrocketed during the pandemic. Parts of the country and globally may see price increases and price declines but here in Hawaii real estate, inventory and location remain the large factors that a client would need to consider. When a client thinks about affordability, remember the full picture includes more than just mortgage rates and prices. Wages need to be factored in as well. Because wages have been rising, many buyers have renewed opportunity in the market. While affordability hurdles are not completely going away this year, based on current trends and projections, 2023 should bring some sense of relief to homebuyers who have faced growing challenges. Home affordability is a major component for so many looking to buy and/or sell and utilizing resources, an experienced real estate agent skilled in Hawaii real estate and knowledge of what you can provide truly propel your ability to understand home affordability. Home ownership is a major goal for so many families and we are always here to utilize our resources no matter what the factors are involved because we want people to be able to enjoy their goals of their hawaiian lifestyle in Hawaii real estate. If you or someone you may know may be interested in anything Hawaii real estate, inquire with one of our agents or directly to Hawaii Development Group and we can connect with you to curate what your dream Hawaii real estate property is and create a roadmap for you!Download our FREE Buyer guideThe post The 3 Factors That Affect Home Affordability appeared first on Hawaii Development Group.
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