Protecting Your Kona Hawaii Real Estate for Sale
It’s no secret that, as the national housing market continues to expand, Kona Hawaii real estate for sale has grown increasingly valuable. Kona is home to fewer renters, children, and students than other districts on the Big Island. The town is therefore highly attractive to upper class and retired homebuyers seeking a life of both adventure and tranquility.
In 2017, North and South Kona were the only Big Island districts that witnessed an increase in residential transactions closed. Indeed, Kona boasts some of the highest real estate prices in the nation. The median home value in Kona is $495,000, and the median condominium value in North Kona is $306,000. Sellers of Kona Hawaii real estate for sale have a great deal at stake in working to sell their homes and must take care to minimize their risks. Below are some of the steps that Craft Realty encourages to ensure safe, fair, and efficient home sales.
Physical Safety First
The first and most crucial step to take in selling a home is to ensure the safety of your person and belongings. It is always smart and reasonable to ID and research prospective buyers before allowing them into your personal space. When in doubt, always err on the side of caution. Stow away money, expensive belongings, social security and credit cards, and all private information in an inaccessible place.
Finding an Agent Versed in Kona Hawaii Real Estate for Sale
Market growth has inspired many individuals to sell independently, foregoing the cost of utilizing a real estate agent. However, not all home sellers are adequately prepared to manage a sale alone. Employing an experienced, reputable real estate agent is always a good option, particularly for first time sellers. It is important, though, that sellers of Kona Hawaii real estate for sale look into the backgrounds of their agents. A good realtor can ensure that your home sells for a fair price—a reward worth the cost of the agent’s commission.
There are several essential questions sellers must ask before signing with a real estate agent. The first and most important thing to know is how long the agent has been in real estate and with what rate of success. It is also important to know whether the agent has worked primarily with buyers or sellers. While you want an agent who has experience working with sellers, it is helpful to find an agent who has also worked with buyers. Such agents will know how buyers make decisions and are more likely to generate a favorable deal. Finally, it is important to inquire as to where the agent tends to do business. You may benefit greatly from an agent with a more intimate knowledge of your local market.
Guard Against Difficult Buyers
Sellers must be wary of exhaustive buyers as well. Instead of finding offense with a lowball offer, provide a counteroffer that might be favorable to prospective buyers. It is quite possible that a buyer looking for a quick deal will cede to a higher price than initially suggested. However, it is important that you do not dismiss lower-than-expected offers too quickly. It is actually quite likely that your first offer will be your best and only offer. By striking a balance between demand and leniency, sellers of Kona Hawaii real estate for sale stand to profit significantly.
Often after developing a contract, buyers and sellers devolve into conflicts over repairs and terms. If you lack experience in real estate sales, you may find it difficult to hold your ground at the closing table, especially at the hands of a demanding buyer. Do your research or work with a realtor to gain a realistic understanding of standard terms and repairs.
The Benefits of Using a Real Estate Investment Firm
Sellers of Kona Hawaii real estate for sale face multiple threats from both buyers and their own limited experience. Working with a real estate investment firm like Craft Realty can be an effective form of risk reduction. Real estate investment firms allow you to sell your home “as is.” By extension, they eliminate the stresses of showing your home, finding an agent, and negotiating contracts. Also, the sale of your property will not be contingent upon appraised values, inspections, or approved financing, making for rapid closings with minimal negotiation. Often, real estate investment firms will close with cash. They typically present sellers with flexible payment options, including cash, pre-scheduled payments, certified funds, and mortgage takeover or “subject to” purchases.
Craft Realty LLC is unique in that it does not charge any fees, upfront costs, or commissions. Our business model is predicated on the belief of “people before profit” and relieving distressed homeowners is part of our job. As a small, young, and knowledgeable firm, we work closely with sellers to generate trust and mutual benefit. To learn more about what Craft Realty, LLC can do for those with Kona Hawaii Real Estate for Sale, click here.