Hawaii Real Estate – Land Boss
The Aloha State’s land prices entice buyers from across the globe. From commercial properties on bustling strips of Waikiki to hotel units with accompanying residences in Ko Olina Resort, the high-end properties typically carry $1 million-plus price tags. Yet the comparatively affordable residential lots and agricultural tracts on the island remain lucrative investments too. Due to island constraints that limit future development, inherited Hawaii acreage tends to appreciate higher than the national average and withstand short-term volatility from external events like natural disasters and pandemics.
While inherited Hawaiian Hawaii Real Estate – Land Boss acreage lures investors, developers and prospectors alike, the island’s unique sales complexities complicate land disposition timelines. Fortunately, proven techniques optimize inherited Hawaii property sale management.
Proper valuation enables sellers to create effective listing strategies that drive interest and competitive bids. Then strategic pricing paired with assertive promotion, streamlined buyer terms and encumbrance reconciliation can cut down land disposition timelines significantly. Lastly, geographical hurdles can be easily overcome by leveraging digital marketing channels that cater to remote buyers. By combining these techniques, private Hawaiian land sellers can orchestrate profitable sales solo retaining the extra 10% typically paid in commission fees.
Inheriting Hawaiian acreage requires extensive research to fully understand property ownership and legal records, including land surveys documenting precise parcel boundaries. Owners must also identify zoning restrictions that dictate building and land use options. Detailed property descriptions highlight features and amenities to generate maximum interest from prospective buyers. For example, proximity to beaches, hiking trails, restaurants and other area attractions can increase a lot’s appeal. It’s also helpful to include a map of the property with landmarks and other points of interest to illustrate the location.
An in-depth understanding of Hawaii’s real estate market enables owners to set reasonable, attainable price tags based on current market conditions. This includes understanding how demand fluctuates by district and region, especially in areas heavily impacted by tourism. It’s also essential to track market trends over time so that owners can predict cyclical demand spikes and seasonality that affect land pricing.
The most effective marketing tactics focus on a multi-prong approach spanning both online and offline platforms. Create an eye-catching website with detailed property information and a professional listing to attract locals. Place “For Sale by Owner” signs on the property and at road access points, ideally with contact information. Advertise on leading national land selling sites that charge membership fees but can reach a targeted audience. Run classified ads in the Honolulu Star-Advertiser and county newspapers frequented by mainland cash buyers. Also distribute the inventory to referral agents that specialize in assisting vaction property purchasers from outside the islands. Finally, bolster outreach by posting listings on Facebook Marketplace and Craigslist.