With expansive sugar sand beaches nestled against the dramatic Nounou Mountain range, scenic Kapaa has drawn people to its charming shores for generations. The streets of this former fishing village are lined with colorful shops, local restaurants, galleries, and museums. Old Kapaa Town retains its historic charm with traditional live music in the air, boutiques selling artisan wares, and beautiful architecture. According to Forbes, picturesque Kapaa is one of the prettiest towns you will find in the entire country.
Severely limited inventory means higher prices
Gaining entry in exclusive Kapaa
So how does a buyer win a home in such a seller’s market? It’s highly likely many potential buyers will be vying for a single home. The first obstacle, of course, is finding Kapaa homes for sale. You can, of course, search MLS listings and set up alerts when a home pops up for sale that meets your criteria. In highly sought-after luxury markets like Kapaa, however, pocket listings are common, so your success rate will be higher if you work with an experienced realtor who knows the area and has an established network with ears to the ground. They will know about a home being listed for sale well before a sign crops up in the front yard.
Become an attractive buyer
Once you have found your dream home, you need to do everything possible to set yourself above the competition. There are several ways a buyer can leverage themselves to stand out when bidding on a home. Of course, a seller is going to want the highest offer so make sure your offer amount is competitive. That means potential buyers need to have an intimate knowledge of comparable homes that have sold and what the expectations of the seller may be.
Hopeful buyers should also eliminate any contingencies that may jeopardize the sale going through. While paying for a home with cash is one option, that may not be realistic for many buyers. One alternative for future buyers is to get their loans pre-approved in advance to ease any concerns in the seller’s mind. It’s best to propose an offer with no strings attached when possible. That doesn’t mean you should purchase a home that will need a lot of major repairs, but take care not to nitpick over minor issues or repairs that may cause a seller to get cold feet or choose another offer that will be less costly to them.
A millionaire’s market
While it may seem daunting to find a home in beautiful Kapaa, there are so many reasons locals and transplants love it here. Sparkling waterfalls, shimmering beaches, and lush tropical green spaces have been luring folks to this charming close-knit island community for generations. And knowing the ins and outs of Kapaa real estate is your first step in the process. In such a tight real estate market, savvy buyers should choose a seasoned real estate professional to work alongside them. Having someone like Ilona Coffey by your side can make the process easier and improve your chance of finding a home here. Ilona Coffey knows the market and can leverage her considerable network to locate a home that meets your needs.
*Header Photo Courtesy of Ilona Coffey’s Website