The Flipping Pad

Posted by Tony K. on Apr 19, 2010 10:18pm

Buying Real Estate can be daunting, and if you are buying Real Estate outside the main land of USA, it could be a little overwhelming. Many years ago, people started buying Hawaii Real Estate. Beachfront properties in unspoiled locations were hot and soon the prices started to climb up. However, Hawaii Real Estate is still the dream of many, and knowing how and when to buy is important to a successful real estate transaction.

Hawaii Real Estate is still hot and it is no wonder. Being the 50th state, it makes sense for many Americans to flock there, since they will be experiencing all the amenities of the main land, and at the same time, enjoying the beautiful and natural surroundings, as well as the perfect climate. It is as close to paradise as you can get. Although Hawaii real estate homes may be a bit pricey compared to other houses around the USA (the price to pay for living in paradise), its taxes are lower than other states, an important factor to consider.

There is plenty of territory in Hawaii; it extends to 137 islands, counting the main island. Most of us are only familiar with the main island of Hawaii and the other seven islands, which are the most visited by tourists. These are Mawi, Lanai, Kauai, Niihau, Oahu, Kahoolawe, and Molokai. This in itself is a bit overwhelming when choosing to buy Hawaii real estate. How could you choose with so many beautiful islands to choose from? And maybe, this is exactly where you should start – choosing first the island where you want to buy property.

Learn about the main island of Hawaii, and then research the others and decide in which location you will want to buy real estate. Once you have decided on which island you want to buy property, start looking doing a bit in depth research at the different districts, and choose the ones that most appeal to you. Because Hawaii has so much to offer, think of the amenities that you want to enjoy, and the proximity to them. In addition, consider the lifestyle, and if you want to be inland or near the beach. Do you want to be closer to the city or in the city? These are very important questions to ask yourself according to your lifestyle and your familyÂ’s needs. Try to narrow your location as specific as possible.

Now that you have a location in mind, it is a matter of finding a good Realtor, and one that you can trust. The best way to do this is to ask people you know first, especially people who know the area or have bought property there. Sometimes, agents where you live will know other agents in the area, and can refer you to someone. Another good idea is to call a Real Estate company – the main office – and ask for any good Realtors in the area, taking into consideration of course, that the company is in the Hawaii area too. Another way to choose a good real estate agent is to check for credentials and certifications. You want someone that has been around in the business for a while and knows the area best. This is an important purchase and you must treat it like that, and do your due diligence before you sign a contract and head to the closing table.

Next, consider the type of home that you want to buy. What style are you looking for? The architecture in Hawaii is a bit different, so look at it and know what you and your family like. Consider the size, the proximity to amenities and of course, the price. Many houses in Hawaii are sold furnished. This is due to the issue of transporting goods and material to the island, from the main land. Something to be considered.

Consider when to buy. Choose to buy in the slow tourist season – between January and May – so you can do your search better, and appreciate the surroundings. But most important, visit the area in the peak season so you know how busy it gets. This is important if you do not like crowds, because it can get very busy during tourist season.

Now, is the time to get in touch with Aloha Tony to discuss real estate in Hawaii, since the prices have gone down due to the effects in the economy – just as in the United States mainland, Hawaii’s Real Estate has suffer a reduction in prices. Take advantage of this if you are looking to buy now. This is the perfect time to negotiate a good contract, since it is a buyer’s market – even in Hawaii.