![]() Our job is to make your home buying or selling experience a pleasant one which is why we also offer a complete set of real estate tools and resources including mortgage calculators, moving guides, Hawaii neighborhood information, real estate buying tips, and articles. Each of our real estate listings provides comprehensive information on essential details including property features, price change, transaction history, and amenities. You’ll have access to thousands of homes for sale that are currently on the market. To start your real estate search, simply enter your property type whether a home, condo, townhouse, or vacant land and then your specific location. To learn more about the options available to you, click here to speak to a certified loan officer.Locations LLC offers thousands of Hawaii real estate listings from each major island including Oahu, Maui, Kauai, Molokai, Lanai, and the Big Island. Borrowers need to do plenty of research on how to maneuver the high costs with certified lenders such as C2 Financial. Additionally, there are pre-approvals, realtor referrals, assistance with credit repair (including rapid rescoring,) and education to empower borrowers to make the best decisions financially.ĭespite the high prices and the expensive goods, enjoying life in Hawaii is possible. C2 offers pre-qualification and no-obligation consultations where you can work with a certified loan officer without pressure. Not to mention, there are VA benefits for veterans, soldiers and surviving spouses. C2 Financial Hawaii is in Honolulu County and has certified loan officers with the right expertise and knowledge to help you through the process.įor those looking to obtain financing for their home, C2 Financial Hawaii offers jumbo loans, conventional loans, refinancing, construction loans, rehab loans, reverse mortgage, and more. ![]() Additionally, it is important to find a Hawaii-based lender that is familiar with Hawaii regulations and standards, such as the home value according to multiple specs instead of acreage and square footage, as mentioned above. For a 15 year loan for 100,000 at 4.000 interest rate, no points, and an APR of 4.179, the monthly principal and interest payment is 740. It is important to have financing in order before you begin your home hunting. In Q1 of 2017, there was a total of 545 Big Island homes sold. Often, if you are considering building a home, you must maneuver around the hard lava rock, the uneven terrain, and the construction regulations. Other contributors to price include location, view, construction quality, utilities, lot size, construction age, land tenure, and more. Due to the many conditions effecting house price and land price, price per square footage is not necessarily an indicator of sale price. Conventional loan limits in 2017 vary according to county and unit size. First, the loan limit is significantly higher in Hawaii to adjust to the high housing prices. There are plenty of options available to homeowners or potential homeowners living in Hawaii. Causes of the high prices have been argued to result from a high demand for housing, a low supply of housing due to development and building regulations, and the high price of electricity.ĭespite all of these staggering statistics, life in paradise is possible. As of April 2017, the median sale price for single-family homes in Oahu was $752,000, up 4% from 2016. In 2015, the median sale price for a home in Oahu was $730,000, which was up 7.6% from 2014, and up 17% from 2010. Housing costs in Hawaii are expensive and not getting any cheaper. Hawaii imports everything, resulting in a 4% excise tax on most everything. ![]() If you are wondering why it’s so expensive, it all comes down to the dependency on imports. ![]() To top it off, a dinner out for two costs at least $60 and up. This is due to the oil dependency on the United States, making utilities cost an astronomically higher amount than they would in the rest of the nation. Not to mention, they estimate 1 liter of gas costing $.81., making it over $3 per gallon. furnished accommodation in a relatively-normal-priced neighborhood is around $2,114. According to Expatistan, the average monthly rent for a 900 Sq. ![]() Despite a higher average yearly wage, the country has one of the highest tax rates in the country. The average rent is about 2,400 per month and you can buy a 575,000 home using HHOC Down Payment Program and your payment would be approximately 2,777 per. The average living expenses of paradise are two-thirds higher than the rest of the United States. The fact that Hawaii is expensive is a fact we are all (unfortunately) aware of. ![]()
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