Congratulations on your new assignment to Hawaii!! It's an exciting time with lots to think about.
The questions probably seem endless – but realistically, the biggest question is “Where am I going to live in paradise?”
Do you live on base, rent off base or buy? Depending on how long you've been in the military, you’ve probably heard a lot about Hawaii real estate.
If you know someone who was in Hawaii in the early 2000s and made $50,000 or $100,000 through owning a home in paradise, they’re saying you have to buy. But on the flipside, you may also know someone who bought in 2005 or 2006, tried to sell when they left in 2008 or 2009, and lost money; they are telling you never to buy real estate in Hawaii…or anywhere…ever!!
So what should you do? Well, that really depends on your medium and long-term plans. If you know for sure that you want to sell your property when you leave Hawaii, then you have to consider carefully whether buying is the right option for you. You need to understand what’s going on in the local real estate market, what the economists are predicting for the timeframe you'll be here, and the associated costs of buying and selling property. Then you need to ask yourself a few questions.
After you’ve answered those questions, take the time to talk through the numbers of buying and selling with an experienced real estate professional. They will help you get the information you need to make the decision that is right for you.
Some of the military folks I’ve worked with look at real estate as part of their long-term retirement planning. Their financial plan is to purchase a property at every duty station then let someone else pay the mortgage when they move out and on to their next duty station. When they retire, they’ll have a portfolio of properties providing income to supplement their military retirement pay; making retirement much easier down the road. With Hawaii real estate, chances are your asset will significantly increase in value over time. However, you need to consider carefully the right property to make this plan work. You’re not buying your dream home at each duty station, you’re buying a property that provides a good home while you’re there, but ultimately it needs to be a good rental property when you leave.
In addition to understanding whether or not homeownership in Hawaii is for you, take the time to speak with your real estate agent about VA Loans and options for military personnel in Hawaii, as they do differ slightly from the mainland. After you have all the facts, you may find that owning a home in paradise is the best option for you and your family.
If you are interested in receiving emails with properties available in your duty station area, please give me a call or send me an email. I’m here to help you understand the benefits of home ownership and help you find that perfect place in paradise.
Schofield Barracks - Central Oahu, but closer to the North Shore.
Wheeler Army Air Field - Central Oahu.
Pearl Harbor Naval Station, Hickam Air Force Base, Camp Smith and Tripler Army Medical Center - Pearl City
Tom Presler (R)
Prudential Locations, Diamond Head
Congratulations, you have access to Hawaii's most comprehensive Real Estate Search! Please help us to better serve you by answering these optional questions.
This email is already registered. Click the button below and we'll send you a link to reset your password.
You have already registered using your FB account.
Check your inbox for an email from email@example.com. It contains a link to reset your password.
The agent who gave you access to this website is no longer with Locations LLC.
Due to local MLS regulations, you will need to re-register if you would like to continue your access.
We will pre-fill the registration form with information in our files. Once you click Register you can either select a new agent or one will be assigned for you.
Sorry for the inconvenience, Locations LLC.
Please contact your agent for access to LocationsHawaii.com.
Schedule a Virtual Tour
Request an appointment to view this property by completing the information below. Please note your appointment is not confirmed until an agent calls you.
Disclaimer: The properties we may show you may be Locations LLC listings or listings of other brokerage firms. Professional protocol requires agent to set up an appointment with the listings agent to show a property. Locations, LLC may only show properties marked "Active" and "ACS".
Keep your eye on this property! Save this listing and receive e-mail updates if the status of the property changes.
Share this property by completing the the form below. Your friend will receive an e-mail from you with a link to view the details of this property.
How can we help?
Send a message and we'll respond shortly.