Big Island Homes for Sale by Owner A Lucrative Alternative to Traditional Real Estate Listings
big island real estate for sale by owner
Hilo, HI
Quick Facts
• The Big Island is one of the five islands of Hawaii with the largest land area, featuring numerous diverse real estate options for sale by owner.
• Sale by owner listings can range from beachfront properties to coffee farms, suiting the preferences of various buyers.
• Major cities with FSBO listings on the Big Island include Kailua-Kona and Hilo, each with its unique culture and market trends.
• Some popular neighborhoods in Kailua-Kona include Holualoa, Kailua Heights, and the downtown area, offering both luxury and affordable options for buyers.
• Average price per square foot for Big Island homes is around $420, with properties for sale by owner often listing below market value.
• Many real estate experts advise owners of potential savings by selling their property by owner, possible through negotiation of a lower price and avoiding real estate commissions.
• Some FSBO platforms and websites for buying and selling Big Island properties include Zillow, Realtor.com, and Homes.com, among others.
• Median home prices in Hilo neighborhoods such as Hilo Bayfront and Waiakea Uka range from the mid-$400,000s to the high $600,000s, offering an opportunity to enter or exit the market as an owner.
• The prices for vacant Big Island land for sale by owner start as low as $10,000 and rise to the multi-millions, with some exceeding 50+ acres of usable area.
• Oceanfront property owners in the private resorts like those at the Hualalai Resort or the Kohala Coast may require additional permits and pay HOA fees for neighborhood maintenance.
New Listings & Properties for Sale in big island real estate for sale by owner
Hawaii County, HI Real Estate & Homes for Sale
Hawaii, HI Real Estate & Homes for Sale
Kamuela, HI Real Estate & Homes for Sale
Hawaii County, HI Real Estate & Homes for Sale
Big Island Real Estate for Sale by Owner Your Ultimate Guide to Buying and Selling on the Largest Hawaiian Island
Located in the heart of the Pacific Ocean the Big Island of Hawaii is the largest island in the Hawaiian archipelago known for its lush rainforests active volcanoes and stunning beaches The island offers a unique and diverse range of real estate opportunities attracting buyers and sellers from all over the world When it comes to buying or selling real estate on the Big Island working with a real estate agent can be beneficial but there are also many advantages to buying or selling for sale by owner Here is your ultimate guide to Big Island real estate for sale by owner
Advantages of Buying and Selling for Sale by Owner
Buying or selling real estate on the Big Island can be a complex and time-consuming process Working with a real estate agent can be beneficial as they have knowledge of the local market and can guide you through the process However there are many advantages to buying or selling for sale by owner Here are a few
When buying real estate on the Big Island for sale by owner you can often save money on agent commissions which can range from 4-6 of the purchase price of the property This can be a significant saving especially for high-end properties On the other hand when selling real estate on the Big Island for sale by owner you have more control over the process and can save money on agent commissions as well
Furthermore buying or selling for sale by owner allows you to work directly with the buyer or seller eliminating the need for intermediaries This can speed up the process and allow you to negotiate the terms of the sale more effectively
Big Island Real Estate Market Trends
The Big Island real estate market has experienced significant growth in recent years driven by increasing tourism and a growing economy The demand for housing on the island is high and prices have been increasing steadily However there are still many affordable options available on the market especially for buyers looking for fixer-uppers or vacant land
One of the most popular areas on the island is the Kailua-Kona coast which offers stunning ocean views and access to world-class amenities Another popular area is the Hilo side of the island which is known for its lush rainforests and waterfall-filled valleys The island also offers a range of rural and off-grid properties for buyers looking for a more self-sufficient lifestyle
Finding Big Island Real Estate for Sale by Owner
When looking for Big Island real estate for sale by owner there are several resources you can use Here are a few
Online Real Estate Platforms One of the best ways to find Big Island real estate for sale by owner is through online real estate platforms such as Zillow Redfin and Realtor.com These platforms offer a wide range of listings and allow you to search by location price range and property type
Craigslist Craigslist is a popular online classifieds website that can be a good resource for finding Big Island real estate for sale by owner However be careful when using Craigslist as there are many scams and fraudulent listings on the site
Local Newspapers Local newspapers such as the Hawaii Tribune-Herald and the West Hawaii Today often have real estate sections with listings for properties for sale by owner
Word of Mouth Word of mouth can be a powerful tool when looking for Big Island real estate for sale by owner Ask friends family and colleagues if they know of any properties for sale and you may be surprised at what you find
Big Island Real Estate for Sale by Owner Tips and Advice
When buying or selling real estate on the Big Island for sale by owner there are several tips and pieces of advice to keep in mind Here are a few
Do Your Research When buying or selling real estate on the Big Island for sale by owner it is essential to do your research The island has a unique and complex real estate market and you need to be aware of the current market trends and prices
Know Your Rights and Responsibilities As a buyer or seller you have certain rights and responsibilities under state and local law It is essential to understand these laws to avoid any potential pitfalls
Work with a Real Estate Attorney While working with a real estate agent can be beneficial working with a real estate attorney can also be a good idea A real estate attorney can guide you through the process and ensure that your rights are protected
Conclusion
Buying or selling real estate on the Big Island can be a complex and time-consuming process However by following the tips and advice outlined above and using the resources available to you can find the perfect property for your needs Whether you are looking for a beachfront condo or a rural piece of land the Big Island has something for everyone
Big Island real estate for sale by owner is a rapidly growing market and with the right guidance and resources it can be a straightforward and profitable experience for both buyers and sellers do thorough research and plan before making any purchase and buying properties that is in compliance with the housing laws The real estate industry is constantly evolving but by staying informed you can always find better options
Photos of big island real estate for sale by owner
Frequently Asked Questions:
Big Island Real Estate for Sale by Owner FAQ
What are the benefits of buying a Big Island property for sale by owner
Buying a property for sale by owner can be beneficial as it saves the buyer from paying real estate agent fees typically ranging from 4 to 6 percent of the purchase price The buyer also has direct communication with the seller making negotiations easier
What are the costs associated with buying a property for sale by owner
Although the buyer saves on agent fees there are other costs associated with buying a property such as appraisal fees inspection fees and escrow fees The buyer should also consider paying for the services of an attorney or real estate expert to facilitate the transaction
How do I find properties for sale by owner on the Big Island
One can search online for properties for sale by owner on the Big Island through various websites such as Zillow Trulia or Realtorcom The buyer can also drive around neighborhoods looking for for sale by owner signs Attend local open houses and talk to people in the community about properties for sale
What are the differences between foreclosed properties and properties for sale by owner
Foreclosed properties are owned by the lender as a result of the previous owner failing to make mortgage payments Properties for sale by owner are owned by individuals selling their property without the aid of a real estate agent
What kind of financing options are available for a property for sale by owner
Financing options for buying a property for sale by owner are similar to those for buying a property listed with a real estate agent The buyer can opt for a conventional loan VA loan FHA loan USDA loan or owner financing The buyer should research which loan options best suit their financial situation
Can I negotiate the price of a property for sale by owner
Yes the buyer can negotiate the price of a property for sale by owner In fact one of the benefits of buying a property for sale by owner is that the buyer has direct communication with the seller making negotiations easier The buyer can make an offer for a price lower than the asking price and see if the seller is willing to compromise
Do I need an attorney to buy a property for sale by owner
It is not mandatory to hire an attorney to buy a property for sale by owner However the buyer may consider paying for the services of an attorney or real estate expert to facilitate the transaction and protect their rights
How do I determine the value of a property for sale by owner
To determine the value of a property for sale by owner the buyer can compare the property with other similar properties in the area The buyer can also hire an appraiser to determine the value of the property or use an online real estate tool to determine the estimated value
How long does it take to close on a property for sale by owner
The time it takes to close on a property for sale by owner can vary depending on the complexity of the transaction and the financing options used Typically it takes between 30 to 60 days to close on a property once the offer has been accepted
Related Links & Information:
By Owner Big Island Homes for Sale
Big Island Homes for Sale by Owner
ByOwner Big Island Real Estate for Sale
Big Island Land for Sale by Owner
Hawaii Life By Owner Big Island Real Estate
