The Hawaii real estate market has been viewed with much optimism lately and many feel it will continue to rise (yes, of course, there are also detractors). Couple this with relatively low inventory and you have a bona fide seller’s market. That means if you’re in the hunt to buy, you need to be vigilant because summertime means increased competition from other home buyers for those homes that do end up on the open market. You won’t be the only one with an open eye for that next great house.
If you’re serious…
If you’re serious about getting off the sidelines and making a splash with an investment property or buying a new home for yourself, then you need to act like a serious buyer. That means decide WHERE you want to buy, WHAT type of property you want and get PRE-APPROVED with a quality mortgage professional (or have your CASH ready).
The last thing you want is to finally identify the house that fits all your buying criteria only to have it snatched out of your hands by another buyer because you weren’t prepared to act. Do your homework now so that all you have to do is go find your house.
Of course, if you’re not prepared to buy at the moment, there will still be good deals after summer is gone. With Hawaii’s year-round pleasant climate, you’ll still be able to pick up a great new home in Honolulu or investment rental in Kapolei or Kihei when summer leads into fall and on to winter. But with prices showing like they’re going to continue to rise, it may be worth your time and finances to get in the game now during the hot summer months instead of watching from the sidelines.
Hawaii real estate investors and future homeowners alike know that today presents some fantastic home buying opportunities!