Big Island Buyer\’s Brokers

Welcome to the clean, cool uplands of the Kohala Coast, where the little village of Waimea looks down across miles of sunny pastures to the sparkling sun coast of the Big Island. Here in this retirement paradise the national credit crisis, caused by the aggressive lending practices a couple of years ago, seems far away indeed. Visitors in aloha shirts still crowd our world-class restaurants, like Merrimans, The Edelweiss or Daniel Thiebaut’s. Tee times are still keenly sought at the Hapuna Beach Prince Hotel, the Fairmont Orchid, the Mauna Lani Bay Hotel or the fabulous Four Seasons Hualalai Resort. Yet we are connected …

Hawaii generally lags about 6 months behind the rest of the United States when these little economic bombs and booms occur, but we do follow the same patterns. Our mortgage rates are still low, but lenders are pulling in their horns and asking for more credit worthy customers. Those properties which were attractive to buyers who needed to borrow every dime are now facing much lower values. We are now seeing smart real estate buyers in the market place, making aggressive offers on beautiful properties that would have sold for much more just a year ago. These buyers are looking forward the inevitable surge of retirees as the Baby Boomers set their sights on our sunny shores and cool upland horse country.

As the only Exclusive Buyers Agency in this area, we are recommending that our clients ask for deep discounts on premium properties and stay at the bargaining table while the Sellers gradually adjust to the realities of today’s real estate market. DR Horton Homes has all read slashed prices for its lovely new houses in the Luala’i at Parker Ranch subdivision, and their houses are selling well as a result!

Are all prices sliding as a result of the current swing to a Buyers market. No … not really. Prices for extraordinary properties remain quite stiff, and ocean front listings are holding their value very well. We know of just one ocean front luxury home that is priced aggressively at the moment, and it is quite a beauty too boot.

Come back soon to learn more about Hawaii’s crown jewels along the Kohala Coast as well as what life is really like in the charming cow town where Hawaiian cowboys rode the range 50 years before they set foot in the American west.

Learn a bit about why smart buyers are turning to Exclusive Buyers Agents, where their private information remains private too!

Aloha,

Bill Jardine

Filed under: Updates