Hawaii’s land ownership laws are different from the rest of the country, and there are a few things to keep in mind when considering buying or selling your land. If you are building a home, you should always complete a financial analysis of what it will cost to do so construction in Hawaii is not inexpensive. And if you are thinking about selling Immediate Land Selling Options in Hawaii your land, you may want to consider working with a company that specializes in purchasing raw land from sellers. This is a much quicker and simpler process than working with a real estate agent who will likely be busy juggling house sales for other clients, and might not have the time to focus on finding a buyer for your land.
HONOLULU, Hawaii—Locals have vowed to stay put after wildfires swept through their neighborhoods, and now developers have started reaching out about acquiring their homes and land. Several residents fear that if they cannot get insurance payouts and other government aid fast enough, they will be pressured to sell to people who can afford more money or want to change the nature of their community.
It isn’t just gentrification that Hawaii residents are worried about—the state is facing a shortage of workforce housing, and local families struggle to find affordable options. It’s incredibly expensive and difficult to build new housing in Hawaii, which drives prices beyond the budgets of many local families. The influx of international capital from second-home and vacation rental buyers has also added to the problem.
The solution isn’t just more housing, but better housing for low-income families. Some politicians have called for investigations and passed new laws, but they need bold action to make any impact.
Other solutions include making it easier to build a home on a vacant lot, and giving people a chance to buy land at auction rather than waiting for a realtor to list their property. But the fastest, simplest, and most straightforward option is to work directly with a company that specializes in buying raw land from sellers. Unlike agents, these companies are buyers, not sellers, and they can connect you with a buyer who is ready to purchase your land right away.
If you are looking to sell your Hawaii land, or if you have any questions about the real estate market in the state, contact us today! We are happy to help!