There is a new way to buy commercial real estate in Hawaii. One of the major trends we’re seeing here in Hawaii, and in investment real estate, is off-market transactions. It is important to watch the market carefully, look for signs of various types of properties that may be for sale in your neighborhood and look for motivated sellers. We’ve recently seen two major transactions occur on properties that had been lingering on the market for years. They were taken off the market about 18 months ago, and the buyers of these properties contacted the sellers and were able to make the right deal at the right time, paying cash for these properties.
Our advice is to watch the market carefully, hunt after the properties that you’re really interested in, and make offers aggressively when you see something you want that you can close quickly and efficiently.