Is it time to sell your home and rent in Hawaii?
The real estate market in Hawaii is still surfing big waves, and home prices are at an all-time high. This has led many homeowners to rethink selling their homes and renting instead. Selling your home and renting can be a great way to take advantage of the hot real estate market and enjoy the flexibility and freedom of renting.
In this article, we’ll discuss the pros and cons of selling and renting, and help you decide if it’s the right move for you.
By Earl Solidum
Embracing a New Chapter
Selling your home and transitioning to renting can be a life-changing decision. It’s a chance to start fresh, explore new possibilities, and live a more flexible lifestyle.
If you’re not happy in your current situation, selling your home and renting could be the perfect way to break free. You can move to a new part of Oahu, try out a new career, or just enjoy the freedom of not having to worry about maintaining your home.
Unlocking Your Home’s Value
By selling your home now, you can tap into the booming real estate market and maximize the value of your property. This is a time-sensitive opportunity, so don’t wait!
The median home price in Hawaii has increased by nearly 40% since June 2020.
If you purchased your home for the median sales price of $770,000 and sold at today’s median sales price, you could profit nearly $300,000! Not bad for 3 years of waiting.
CLICK HERE FOR A FREE HOME VALUATION.
Flexibility and Freedom
Renting offers a newfound sense of flexibility and freedom. Without the responsibilities of homeownership, you can explore new locations and lifestyles, providing exciting opportunities for growth.
If you’re not sure where you want to live in the future, renting is a great option. You can easily move to a new place if your circumstances change.
Ever thought about downsizing to a luxurious condo in Kakaako? How about transitioning from a condo to a single family home in Hawaii Kai? Now is your chance to experience something new without a big commitment.
Embracing Change in Hawaii
Hawaii’s dynamic real estate landscape presents an ideal backdrop for change. With rising demand for rental properties, now is the time to make your move and embark on a new adventure.
The rental market in Hawaii is very strong, so you’ll have plenty of options to choose from. You can find a rental that fits your budget and your lifestyle. Now can be your chance to experience a neighborhood without a big commitment. If you like it, then we can help you find a place there!
Have More Questions?
The Appeal of Low Maintenance
Say goodbye to home maintenance and repairs as a renter. Embrace a stress-free lifestyle, allowing you to focus on experiences and personal growth. That alone may be worth selling your home and renting now in Hawaii.
As a renter, you don’t have to worry about mowing the lawn, fixing the roof, or paying for repairs. This frees up your time and money so you can enjoy life.
Timing is Key
The real estate market is cyclical, and it’s important to time your move wisely. If you sell your home now, you’ll be able to take advantage of the current high prices. And if you decide to buy a home in the future, you may be able to find a good deal as interest rates rise.
First Time Home Buyer Program
If you sold your home in the last year, you may still qualify for affordable housing in Hawaii. Developments like Kuilei Place, allow buyers to qualify for a brand new, modern, affordable housing development, even though you have owned property in the past.
You could also be eligible for a down payment assistance program, which could help you save money on your down payment. You could also be eligible for a mortgage with a lower interest rate.
To learn more about how to qualify for affordable housing in Hawaii, contact Earl Solidum today.
Conclusion
For homeowners contemplating a fresh start, selling your home and renting in Hawaii can be a game-changing decision. Don’t let this opportunity pass you by, as the current market conditions and evolving preferences create an urgent window for action.
Embrace the flexibility, financial benefits, and low maintenance lifestyle that renting can offer. Take action now and unlock the doors to new possibilities in beautiful Hawaii.
The Time Is Now!
If you’re thinking about selling your home and renting in Hawaii, contact us today for a FREE CONSULTATION. We’ll help you make the best decision for your individual circumstances.
