A couple of posts ago in a video, I talked about the High Cost of Waiting to Buy. It was a scary article because of the topic, made even more scary by the prices I used in the examples. I was using typical prices for single family homes in and around Honolulu – which hover at $800,000 to $900,000 – and the resulting figures for down payment and monthly mortgage were correspondingly large.
I promised in that post to revisit the issue using some of the most affordable options on the island. They certainly exist, though often they are condo/townhome options.
For example, we just listed a great townhome in Ewa Beach for $435,000. It has 3 bedrooms and 2 baths, a garage and nearly 1300 square feet. It won’t last – the last home we listed in the same neighborhood sold in a matter of days – so it would probably be a good idea to get to our first open house on the property, this weekend, June 14, from 2-5.
Or, if a single family home is absolutely what you want, we also have a new listing in Kapolei for less than $600,000. It has almost 1500 square feet of living space and an ocean view!
If
this still sounds too expensive to bear, how about a lovely 2 bedroom condo in Mililani. At 850 square feet, it features 2 bedrooms and 2 baths and 2 parking spots.
So you see, affordable options still exist on Oahu, but here is the thing: in these price ranges, they always sell FAST. If you want to compete for a home in this range, you need to get together with an agent and start looking now. The word ‘NOW’ is very important because the steady rise in prices we’ve been experiencing over the past several years shows no sign of slowing. If you wait another year, it is possible that homes like this may be beyond your capability.
As always, the professionals at Help-U-Sell Honolulu Properties are ready to help you find and secure your dream home. You’ll find our low pressure, educational approach refreshing, comfortable and easy.
Help-U-Sell Honolulu Properties is a full service real estate company that provides exceptional service while charging less than ordinary Realtors. We’ve been successfully helping buyers and sellers all over Oahu for more than 12 years and we’d be delighted to help you achieve your housing dreams. Contact us at (808) 593-8811, or visit our website.