Are you committed to Hawaii real estate? I mean really committed? What does that even mean and why would I even ask? Well, the word “commitment” has special meaning for me lately as I just got married last week to the most wonderful woman. To be committed to anything — or anyone — means to pursue, devote and persevere toward a worthy goal. Well, that may not be the Webster’s definition but it sounds good to me!
Whether you’re a home seller, home buyer, landlord investor or private lender, you can be committed to the Hawaii real estate market. Your goals will be different, but your determination will be strong nonetheless. Let’s look at some different types of commitment:
Selling Your House – By all means, if you’re selling your house in Hawaii, you MUST remain committed to the process, especially if you’re a motivated seller facing foreclosure or some other situation that requires you to sell. There can be a lot of hurdles from deciding to sell your house to the closing table. Staying committed is the #1 way to see the process through to the end.
If you’re selling your house privately, be sure to monitor sold comps and keep up with the contracts and other documents you’ll need. If you’re selling your house with a licensed realtor, make sure that he or she is 100% committed to your property and its successful sale. They should keep tabs on your property’s showing progress, prospective buyers and staging techniques. True commitment leaves no stone unturned.
Buying a House – Most people know that inventory is tight right now, not just in Hawaii but in many areas across the nation. That means you have competition for new listings when they hit the market. If you’re in the hunt for a new house, then realize the process could take a few months or longer. Stay committed and don’t get discouraged if you miss out on a particular house you had your eye on. There are always new houses hitting the market, so make sure you and your agent are committed to scouring the daily activity and presenting compelling offers.
Real Estate Investing – Whether you’re looking for a cash flow property to put money in the bank every month, houses to flip, or you’re a private mortgage lender seeking passive and secured returns beyond those available in the stock market, you need to be committed to staying on top of today’s real estate market activity. What’s selling and where, rising or falling rental rates, and new opportunities to place private capital. The laws change as well, so be committed (or have an equally committed attorney) to investing wisely in a changing financial landscape.
Real Estate can be exciting, but it certainly requires a fair amount of skill, expertise and knowledge. Being committed to your education, environment and end goals is the surest way to see your Hawaii real estate dreams come true.