I want to buy a home in Hawaii, but need the money from the sale of my current home, to put down on my new home. My current home is under market value, from it's last appraisal. Sellers in Hawaii rightfully can't wait indefinitely, but I need to move soon. What can I do?
Mary,
Our recommendation is to have a good old "heart to heart" conversation with your real estate professional and with him/her determing all factors that stand between you and selling your home. It would be important to deal with those that you can.
The fact that you are priced under your most current appraisal further indicates something is standing in the way of your transaction. Our recommendation is to try to generate interest and get showings. To accomplish this you may benefit from lowering your price until regular showing begin to occur.
Selling is all about pricing and visibility. It may be time to also review the marketing plan and determine what can be done to bring it to the attention of more buyers.
Good luck
I agree with Katie, and I'll go a step further.
You have several options. Which is more important to you time or price? If the prior is more important, then you'll need to consciously underprice your competition; OTOH, if the latter is more important, then you'll need to be more flexible on your timing and terms. You could either sell with seller financing, or you could rent your place (and sell it after the market recovers).
Aloha, Mary. If you need to move to Hawaii, the first thing you need to do is find a place to live, regardless of the sale or non-sale of your home in Washington State. If I were you, find a place to rent, move over and get settled first. I don't know anything about your real estate market in Washington, but I'm happy to help you find an agent there who is forthright and ethical - if you don't have one already - who will help you either sell at a current market value, or rent your house there if that makes more sense for your situation. Once you have a plan for your Washington house, we can make a plan for buying Hawaii. To what island do you plan to move? Warm aloha, Katie.
Katie Minkus, R(B) Broker-in-Charge. Hawaii Life Real Estate Services, LLC. katie@hawaiilife.com. 808.895.4327
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