The latest “buzz” on Hawai’i Island real estate is that sales have slowed in the resort sector. We hear theories that demand for Hawaii resort properties is down, and we have also heard that the recent tiny interest rate increases are to blame. Sellers may wonder which theory is correct, but we are Exclusive Buyers Brokers, and we rejoice!
Think of the playground teeter totter … As interest rates go up, prices go down. This simply means that buyers need to negotiate harder for a price that fits. Getting you Buyers lower prices is what we do. It is our job!
Demand for property typically stays about the same, except when a ton of people want the same thing at the same time. Since the Boomers are starting to retire, demand for resort properties is actually increasing. So why are sales prices and numbers down?
Doesn’t make sense, right? Well, let me explain…
The reason sales are down in spite of rising demand is that prices have been set “greedy” high. They will stay “greedy” high as long as Sellers can hold out for Buyers who may not know any better, especially over the holiday season. Our clients are happy, since we are Exclusive Buyers Brokers! We inform our clients (you) what the place is worth and negotiate for that price, not the “greedy” price.
Sounds like a win-win situation doesn’t it? Well, it is!
We negotiate the best price possible for you, and it won’t cost you a penny. That is one of the great benefits of working with an Exclusive Buyers Broker. Contact us or give us a call, let’s chat (808) 885-6061 … ask for Stephanie 😊