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 | 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 | Aug 12, 2014 | Financing, Luxury Market, Selling
Quick Answer: While selling your luxury vacation rental yourself may seem like a way to save on commission, data consistently shows that For Sale By Owner (FSBO) properties often sell for significantly less and present numerous challenges, from incorrect pricing to...
by Dan Polimino | Jul 29, 2014 | Blog, Financing
Quick Answer: When investing in a luxury second home or vacation rental on the Kona-Kohala Coast, comprehensive inspections beyond a general home inspection are essential. A thorough due diligence process should include specialized tests for radon, mold, sewer lines,...
by Dan Polimino | Jul 22, 2014 | Financing
Quick Answer: Securing a luxury property on the Kona-Kohala Coast, particularly as a second home or vacation rental, requires a lender with strong local expertise, established underwriting relationships, and a proven record of handling Hawaii’s unique market...
by Dan Polimino | Apr 29, 2014 | Blog, Buying, Financing
Quick Answer: When buying a luxury home on the Kona-Kohala Coast, expect common inspection findings such as missing GFCI outlets, absent backflow preventers, and outdated smoke or carbon monoxide detectors. These are typically easy and inexpensive fixes, but having...
