Navigating Hawaii's unique real estate market is challenging, but possible - given the right information.

Here are some tips on how prospective buyers, sellers and investors can be successful in today's market.

Don’t wait to buy

With interest rates at historical lows, buyers will benefit from moving quickly in this market. If interest rates go up just 1 percent, you could lose more than $50,000 in buying power—affecting the value of the home you are able to afford.

Price your home at market value

If you are selling your home it is essential to price it at market value. During the first four weeks your home is on the market, the most eyes are on your property—if it is priced right, chances are it will sell quickly. Overpriced homes tend to sit on the market, forcing sellers to eventually drop the price, resulting in stigmatizing the property.

When in doubt, ask an agent

The more stable 2008 market will open opportunities for seasoned investors to build or upgrade a real estate portfolio. Given the state of the industry, it is important for real estate investors to seek guidance from experience agents as they will be able to provide insight on the latest market trends.


For more information on Hawaii real estate market contact Prudential Locations at 808-739-4141 or visit www.prudentiallocations.com.