When it comes to selling land in Hawaii, the market is a bit unique. In most cases, people sell their property for cash rather than listing it through a real estate agent and going through the long process of finding a buyer. There are a variety of reasons why people choose to sell their land for cash, including plans changing or the property being too far away from them to enjoy it. Some people also inherit property and need to sell quickly. Whatever the reason, it’s important to understand what’s involved in the process so that you can make the best decision for your situation.

The first step in the process is to make sure that all paperwork is up to date and that the property is titled properly. You’ll need to have a clear deed and title to the property and an up-to-date survey of the property’s boundaries. If you’re unsure of how to do this, consult with a qualified real estate attorney or escrow officer. Once you’ve taken care of this, you can move on to the next steps in the process.

Selling FSBO in Hawaii

One of the most common ways to Fast Land Selling Solutions in Hawaii is by selling it FSBO for sale by owner. This involves marketing the home through online listings, social media, print ads, and word of mouth. It also includes negotiating with buyers and reviewing offers. This can be a daunting task, especially for first-time home sellers, but it’s not impossible to learn how to do. Using an online service to help you navigate the process is also an option that can save you time and money.

Another way to sell your land in Hawaii is by working with a company that specializes in purchasing vacant land. These companies can usually close in less than 30 days and are a good option for people who want to avoid the hassle of finding a buyer themselves. In addition to saving on commissions, these companies can often offer better pricing and are more likely to have experience with the local market.

Land Costs in Hawaii

Land costs in Hawaii have been a hindrance to housing affordability since the state’s earliest residents arrived. In 1960, the median home in Honolulu cost about double what a comparable mainland house did, according to research by La Croix. The figure has climbed fitfully but remorselessly ever since.

The current price of a residential lot in the Puna District, under the shadow of active volcano Kilauea, is about $20,000 per acre, he noted. This is about twice the national average. But even if you exclude the land from your calculation, housing prices in Hawaii remain among the highest in the nation. Closing costs for the typical homebuyer in Hawaii include transfer taxes, attorney fees, HOA dues and other closing charges.