by Dan Polimino | Oct 6, 2008 | Luxury Market
Quick Answer: The 2008 credit crisis highlighted the risks of over-leveraging and speculative buying. For luxury real estate on the Kona-Kohala Coast, this means prioritizing responsible financing, understanding long-term ownership costs, and avoiding risky loan...
by Dan Polimino | Sep 30, 2008 | Luxury Market
Quick Answer: While mainland financial sector woes can create ripples, the luxury real estate market on the Kona-Kohala Coast, driven by cash buyers and long-term investment strategies, often shows remarkable resilience. In my experience, high-net-worth individuals...
by Dan Polimino | Sep 16, 2008 | Luxury Market
Quick Answer: A lowball offer in Hawaii luxury real estate is an offer significantly below the asking price, often used by buyers to gauge seller motivation and initiate negotiations. While it can be an effective strategy in a buyer’s market to secure a favorable...
by Dan Polimino | Sep 2, 2008 | Luxury Market
Quick Answer: The Kona-Kohala Coast luxury real estate market is showing signs of stabilization and renewed buyer interest, particularly in lower luxury price ranges. Sales volumes are increasing and prices are beginning to firm. While a full market turnaround takes...
by Dan Polimino | Aug 21, 2008 | Luxury Market
Quick Answer: While high-profile interventions like a celebrity “bailout” can create market buzz, they rarely alter the fundamental supply-and-demand dynamics for luxury properties on the Kona-Kohala Coast. Local market conditions, interest rates, and overall economic...
by Dan Polimino | Aug 19, 2008 | Luxury Market
Quick Answer: Foreign investment, particularly from regions seeking stable assets, can significantly influence the luxury real estate market on the Kona-Kohala Coast by increasing demand for premium properties. This often leads to higher valuations and quicker sales,...
