HONOLULU (Hawaii News Now) - Fewer
properties are for sale in our town and that is causing a frenzy of activity on the market. It is great for
sellers, but frustrating for buyers. Kalama Kim, a Realtor from Coldwell Banker Pacific Properties has some innovative ideas to help buyers find the home of their dreams. Watch the video from his appearance on Sunrise and check out his notes below.
- Find properties that
are not on the open market and offer on those. These are more
difficult to find, but you don't compete with other buyers.
- Start with For Sale By Owners (FSBO) on Craig's list. Just be sure that you
filter the search for those properties that are being sold "By
Owner." You can also go to web sites like Zillow.com and look for
"make me move" owners or for sale by owners.
- Sign-up with a real estate professional (Realtor). They can market to
owners who to see if they are willing to sell. Real estate agents only get paid
when a transaction closes. Thus, they are only willing to search unlisted
properties for you if you sign a Buyer's Representation Agreement. It is a
contract between you and the Brokerage saying they will be your exclusive
agent. It doesn't force you to buy a property, it just says that if you do, you
will have them represent you. This gives them the confidence that you won't hop
from agent to agent allowing them the confidence that if they spend time and
marketing money to find you the right property you will work with them and they
will eventually get a commission at closing.
Kalama shared details on a Sea Country 3 bedroom that is listed for $445,000. Click here for more information.