Why is that amazing house still sitting on the market when others are in escrow within days?3/15/2022 There are a few possibilities we've come across:
1) Overpriced - some sellers list their property for more than what the comparables are showing and this can price out buyers especially if they expect a multiple offer situation. It might also not pop up on their search criteria if the price is out of their range. 2) Bad location - it can be hard to tell what a neighborhood looks/feels like just by looking at photos on the internet. Sometimes neighbors and the cleanliness of the area can play a factor in the sale as well. 3) Difficult to deal with sellers - some sellers have a price in mind they will accept and won't even counteroffer, negotiate, or compromise with any buyer requests. When there's no mutual agreement of terms then the deal is off! 4) Difficult to deal with agents - We've seen agents lose a deal for their clients by making promises they can't keep or even trying to force a seller or other agents to agree to their clients terms. 5) Tenant Occupied - most buyers are looking for a home to occupy themselves and if the sale is subject to keeping the existing lease then it may sit until the tenants are gone. Tenant occupied homes are also harder to show (coordinating schedules) and personal items can make it hard for buyers to look past the clutter and see the house. Ambrocio Team: Ellie and Lauren RB-23510 / RS-74989 ambrocioteam@gmail.com Phone: (808)681-5021 Windward Properties RB-22681
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When thinking of renting out your island hale there are a couple things unique to Hawaii to note:3/15/2022 1) Off island owners are not allowed to manage their own property, they must have an on island manager. The property manager must also reside on the same island as the rental.
2) Owners must pay a GET (General Excise Tax) on all gross income rent. You can apply for a GET number at https://tax.hawaii.gov/ 3) Rentals less than 30 days are illegal unless you hold a special permit or structure your rental to abide by the timelines. Our services include:
1) Writing up contracts and addenda (management agreement, rental agreement, house rules, vacating instructions, pet addendum if applicable, cleaning addendum, etc.) 2) Advertising your rental on the MLS and all over the internet. 3) Showing your property and screening interested tenants (verifying employment/income, credit check, rental history, criminal records). 4) Holding and disbursing security deposits and rent. 5) Setting up an online portal for owners and tenants separately for access to their documents, payment tracking, invoices for work to be done, etc. 6) Doing walk-through's of the property to assess any damage and make repair/maintanence recommendations, move-out tenants, prep properties for new move-ins. 7) Overseeing projects, working with our preferred list vendors, and verifying work has been completed with picture evidence. Dealing with any lease violations, fines, emergency repairs, etc. Our compensation is 10% of your monthly rent for all these services. Let us help make the process of managing your rental property streamlined with less stress! Ambrocio Team: Ellie and Lauren RB-23510 / RS-74989 ambrocioteam@gmail.com Phone: (808)681-5021 Windward Properties RB-22681 #windwardproperties #windwardside #windwardhomes #rentals #rentalmanagement #propertymanagement #hawaiipropertymanager #hawaiipropertymanagers #motherdaughterteam #Ateam #ambrocioteam #hawaiihomes |
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