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Richard
Richard


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 Buying Hawaii Real Estate


Our beautiful island of Maui has weather patterns that differ depending on the side of the island.  Even on a rainy day, one can usually find sunshine somewhere on the island.  Home values also vary by region as shown in the chart below.  While this gives a general idea of what to expect, values shown are only averages of sales in recent years.  Averages include significantly higher and lower values.  Whether buying or selling, you will need guidance provided by an experienced Hawaii real estate agent to compare individual properties to the averages shown.

Values

Buying and selling real estate in Hawaii can seem complex, extradinorily so for those who don't live here.  But in fact it's relatively easy when you work with an experienced professional who will apply his/her knowledge to break the process down into small steps and provide guidance for each step along the way.  If you understand most of the terminology in the glossary below and if you have been buying and selling real estate for many years, then perhaps you could consider going it alone.  But even for experienced buyers & sellers, I have found that they prefer the guidance and assistance offered by those who do this every day and have a host of experts to help when help is needed.

Buying a home on Maui is straight-forward and easy provided you work with a real estate agent who will help with the details by coordinating with multiple support parties.  That assumes you have the $$$ to buy because Maui properties are some of the highest-priced properties in the nation.  Many (but not all) buyers require financing (click the link for more info on that).  If your native currency is not in US Dollars, you can convert currency values.

The Glossary of Terms shown below is an excerpt of the escrow glossary by Fidelity National Title.


 Selling Hawaii Real Estate

A critical component of selling a property is establishing a listing price and a competitive market analysis (CMA) is essential for that.  Instant valuations are available which can be seductive in their simplicity but they can be wildly innacurate, especially for Kauai.  For example, Zillow.com provides a home value estimate called Zestimate®.  Check their Zestimate accuracy claims for Kauai and you will find that Zillow themselves only rate their Kauai estimates with 2 stars ("Fair") out of 4 stars (as of Dec 2020).  Always request a CMA from your favorite agent.



Glossary of Real Estate Terms