Resident Expert!
Meet John Rabi, one of the KonaForum's resident Real Estate Experts! He is the CEO of Typically Tropical Properties here in Kailua-Kona. Amongst many of his talents, John writes articles for the monthly newsletter "Typically Tropical". John's writings will appear regularly on this page. Also, John has cordially agreed to answer any of your Big Island Real Estate questions. You can e-mail John by clicking HERE or send your questions to johnrabi@konaforum.com. Along with John's monthly articles we will publishing some of your questions here on this page along with John's expert answers. Look for John to be lurking in the Big Island Discussion Boards as well. You might get a personalized answer directly from the expert! Please check back here often for the most up to date information on Big Island Real Estate!
Real Estate Links
Don't Get Caught in this Web!
When you think of “online
shopping,” you envision
browsing through pages of
results for clothing, music CDs,
DVD's, collectibles, sporting goods,
almost anything you can imagine.
But what about your home? Are
you going to add a 3BD/2BA
house with fenced yard to your “shopping cart” and proceed to
checkout with your credit information?
It may seem like a ridiculous scenario,
but the reason people look
for (and sell) things online is convenience.
It may seem harmless
enough to brows the offerings on “For Sale By Owner” web sites, but
be wary of the information presented
there. Like elsewhere on the
web, misinformation abounds. If you want to begin your search
from the comfort of home while
relaxing in your pajamas, start by
looking at what licensed real estate
agencies are offering. You can find“virtual tours” and links to neighborhood
information that are
backed up by the agency offering
the listings. As it stands right now,
you don’t get much protection from
do-it-yourself listing sites.
Be aware that these “For Sale By
Owner” web sites are not yet regulated
and not held to the same high
standards that you expect from a
real estate professional. The
Internet might be a great place to
start your research, but ultimately
meet with a professional face-to face
to guarantee both your legal
rights and home buying satisfaction.
Unleash Your Potential
Everyone dreams of buying
the perfect home. And why
not? You will never find what
you want if you don’t first know
what you want! You will never
find your dream home if you
insist on living in a dream world.
In other words, don’t be
unrealistic or unwilling to
compromise.
All homes, even newly built
ones, require some work to
make them perfect for you.
There are several ways to
update that make a dramatic
difference when you have found
a home in the right location at
the right price. An open mind
helps you make your decision by
allowing more possibilities.
You may not find all the right
criteria, price, condition and location, in one single home.
Compromising on any of these
factors can result in a very
satisfying purchase. Negotiation is
a normal part of any real estate
transaction, especially if you have
found a great home with a little
further out than you planned, or a
home in need of improvements
that happens to be located in your
perfect neighborhood.
Real estate agents well understand
that communities rely on
revitalization. Buyers willing to
improve their property keep towns
and cities thriving. Pride of
ownership helps homes in these
communities gain in value, and
helps the owners gain equity. That
is the true potential behind
creativity and compromise; so
don’t be afraid to explore it!
Bubble?!
All “experts” talk about for
the past two years is the
real estate bubble that will
burst. Prices have been steadily
going up since 1997, but the
prices have almost doubled
during the mentioned two years.
Don’t be alarmed; the real estate market is still strong on the
Big Island. A huge buying power
of retiring baby boomers; their
children in strong earning
positions and the largest number
of immigrants ever combined with
affordable mortgage rates will keep
the real estate market steady!