Are you thinking about buying real estate in Hawaii? You have looked at all the gorgeous islands, but we are particularly partial to the Garden Isle of Kauai! This breathtaking destination has all the beauty of the best beaches in Hawaii as well as other natural wonders like waterfalls, canyons, dramatic mountain ranges, and remarkably diverse communities.
Whether you’re looking to relocate here permanently or simply have a rare tropical getaway home with excellent rental income, Kauai real estate is the perfect solution. Here are things to consider as you begin your dream property search.
What Can You Afford?
First, it is important to identify what you can afford when it comes to Kauai, Hawaii real estate. Setting your budget right from the start can help you to narrow down your search since many properties will be available to choose from in various price ranges!
One of the best pieces of advice here is to work with a good mortgage broker. We can refer you to some of the best!) They will assist you in getting pre-qualified over the phone for your home loan. Then you will know the amount of money you will have to work with. From there, you can reach out to a knowledgeable RE/MAX Kauai Agent who can point you in the direction of properties that both meet your budget and offer the amenities you are looking for.
What Type of Property?
Once you know how your budget, there is another crucial decision to make: what kind of property will you purchase? When it comes to buying real estate in Kauai, your two main options are to buy a home or to purchase a condominium.
If you buy a home or a condominium as a part-time residence (second home) or investment property, your down payment will range from 20%-30% depending on your credit score.
A home will offer you more freedom eventually. You will encounter other costs associated with homeownership, such as maintenance, electricity, insurance, and yard care. Buying a condominium, on the other hand, means that you do not have to deal with upkeep and maintenance yourself, but you will not have the privacy a home will provide.
How to Negotiate with Sellers
When you have reviewed the Kauai real estate offerings for sale and have found a property that seems to match your needs and abilities, you will embark on negotiations with the party selling the property. This step is where a local experienced real estate agent is invaluable.
This is their craft and skill and already know the expectations of the average seller in the area.
When negotiating with a seller, it is important to know basic information like why they are selling the property, how long it has been on the market, and what they initially paid for the home. Having this information can give you a leg up in the negotiation process. For instance, if you know the home has been on the market for a long time, the seller might be willing to take a lower price just to get it off their hands.
Work with Remax Kaui
This website has access to the entire inventory of properties available. We can faithfully represent you in pursuit of any of them or simply provide you with extended information and pictures. Contact us today to find an agent or browse the current listings!
Work with Remax Kauai to Find Your Kauai Property
If you are searching for a real estate expert to help you buy the property of your dreams, Remax Kauai’s team of local real estate agents are enthusiastic about connecting travelers with their perfect properties on Kauai, providing a part-time “home away from home” or all year long.
We are well experienced in helping you find the right property and secure it at a price that works for all parties involved. We will keep you informed every step of the way and will always make sure you are comfortable and confident in your decisions.
