by Dan Polimino | Apr 13, 2017 | Buying, Luxury Market, Selling
Quick Answer: Receiving multiple offers on your luxury home in Hawaii is exciting but complex. Review all terms carefully, not just price. Stay objective and rely on your agent’s expertise to negotiate the strongest overall deal, including contingencies, closing...
by Dan Polimino | Feb 3, 2015 | Buying, Financing, Selling
Quick Answer: In Hawaii, your earnest money deposit, typically 1% to 3% of the purchase price for a luxury property, is held in escrow and is generally returned to you if the sale fails due to seller default or mutual agreement. However, if you as the buyer default on...
by Dan Polimino | Dec 16, 2014 | Buying, Luxury Market, Selling
Quick Answer: Understanding the real estate market for your luxury Hawaii property involves tracking interest rates, overall economic health, supply and demand, government policies, demographics, and local market conditions. While current dynamics on the Kona-Kohala...
by Dan Polimino | Oct 30, 2014 | Buying, Hawaii Real Estate, New Construction
Quick Answer: When building a luxury home on the Kona-Kohala Coast, prioritize understanding the builder’s base price and exactly what it includes, carefully review upgrade costs and warranty terms, and thoroughly evaluate the builder’s local reputation. These steps...
by Dan Polimino | Oct 28, 2014 | Buying, Financing, New Construction
Quick Answer: Yes, it is highly recommended to obtain an independent inspection, even when a builder provides a warranty. A third-party inspection offers an unbiased assessment, helping protect your investment and providing added confidence in the quality of your new...
by Dan Polimino | Sep 23, 2014 | Buying, Luxury Market, Selling
Quick Answer: Many common real estate myths, from the necessity of a 20% down payment to the perceived ease of house flipping, can lead to costly financial missteps or missed opportunities. On the Kona-Kohala Coast, understanding the nuanced truth behind these...
