Tina Marie Garcia (RA) RS 78939, eXp Realty

Tag: Ko olina resort properties (Page 1 of 4)

“Hawaii Real Estate 101: What You Need to Know”

Are you considering buying or selling real estate in Hawaii? As your local real estate experts, we are here to give you a crash course on Hawaii real estate. In this blog post, we’ll cover the basics of Hawaii’s real estate market, from buying and selling to financing and taxes.

 

Buying Real Estate in Hawaii:

  • Location, location, location: Hawaii is made up of several islands, each with its own unique character and real estate market. It’s important to choose a location that fits your lifestyle and budget. A simple Zoom consultation with us can help you determine what island best suits your wants, needs, and goals!
  • Limited inventory: Hawaii has limited space for new construction, which means that inventory can be limited in certain areas. It is important to have realistic expectations for purchasing on the islands, which we will most certainly assist you with. 
  • Financing options: It’s important to work with a lender who is familiar with Hawaii’s unique real estate market and can help you navigate the financing process. We highly recommend a local lender who can understand the islands and be within a local time-zone for efficiency. 
  • Property taxes: want to learn a Fun Fact?! Hawaii has one of the lowest property taxes in the nation! So although the price of paradise can be a sticker shock, at least you can score in this department. 

 

Selling Real Estate in Hawaii:

  • Choose the right time: Hawaii’s Real Estate market can be seasonal, with certain times of year being more favorable for selling than others. Work with us as your experienced local agents to determine the best time to sell your property.
  • Staging and marketing: As your local agents, we have had enough experience to know that presentation is key when Selling your property, whether it is a Sellers Market or Buyers Market, we always believe in making your home look like a model home. Work with us, and we will help you stage your property to make the most profit!
  • Disclosure requirements: Hawaii has strict disclosure requirements for Real Estate transactions, so it’s important to work with experienced agents (like us!) to keep you within compliance.

 

There is a difference when you work with Full Time Realtors, such as us (Team Epic Hawaii Homes, Tina & Sara) vs Part Time Realtors. Also, you get two of us! As your agents, we are dedicated to helping you navigate the intricate world of Hawaii Real Estate, and doing so with less stress to you! With a deep understanding of the market, we possess the necessary knowledge and experience to assist you in accomplishing your objectives, in fact, we like to handle objectives and always come to you with solutions!

Whether you’re buying, or Selling, always know you can count on us to provide personalized and attentive service, guiding you every step of the way toward successful Real Estate transactions. 

 

Reach out to us anytime! You can call, text, or email us to reach us!

Tina’s Cell Phone Number is: 808.748.1171

Sara’s Cell Phone Number is: 808.763.1155

Our Instagram is @EpicHawaiiHomes!

The Do’s and Don’ts for Investing in Hawaii Real Estate

Are you thinking about investing in Hawaii real estate in 2021? It may be the perfect year to purchase a rental property, a vacation home, or to flip houses. I would be happy to help you find the perfect investment property, and I’ve put together this list of tips to help you get the best return on your investment.

First, consider what type of Hawaii  investment property is best for you and your family. 

If you are thinking about a rental property, such as a vacation condo or rental home, consider how much time will be needed for things like maintenance, managing a website or rental listings, and vetting potential tenants. For rental homes, make sure the areas you are searching are attractive to tenants in terms of proximity to nearby business centers and transportation hubs, and in good school districts for family tenants.

Is a family vacation property on Oahu more to your liking? 

Make sure you read any and all rules pertaining to owners and guests, as well as rules on renting your property out when you are not using it, if that is something you plan to do. Also be sure that your vacation property is somewhere you foresee your family wanting to travel to often enough to make it worthwhile.

For new house flippers, you want to find out what return you can expect to get in your market area and talk to contractors and suppliers to get realistic estimates on renovations, both in terms of price and time to completion. 

Here are some additional Do’s and Don’ts for investing in Hawaii real estate:

  • Do aim for at least a 15% return on investment.
  • Do look for homes priced in the low end of the median price range.
  • Do look for 3-bedroom, 2-bath single family homes for rentals or flipping.
  • Do focus on one neighborhood or area.
  • Do purchase rental properties close to your home if you plan to manage them yourself.
  • Do use one real estate agent to help with all your buying and selling needs. 
  • Don’t purchase a second property until the first is earning revenue.
  • Don’t buy properties that you wouldn’t want to manage, even if you plan to use a property manager.
  • Don’t buy a home that you cannot afford to carry for several months in case of a slow market.
  • Don’t buy a home or condo without having inspections performed.
  • Don’t buy without title insurance.
  • Don’t buy more properties than you are able to manage.

Lucky We Live Hawaii!

The Epic Hawaii Real Estate team can help you search for investment properties. Sometimes buyers make the mistake of searching on their own and contacting the sellers or listing agents directly. Working with several different people wastes your time and increases the chances that you will miss out on a deal. Also, working with one agent allows that agent to learn your tastes, needs, and parameters, so I can be out looking for the right property while you are busy doing other things.

To learn more about Epic Hawaii Real Estate opportunities, and make appointments for property showings, Contact Tina.

« Older posts

© 2024 Epic Hawaii Homes

Theme by Anders NorenUp ↑