02-07-2011, 03:24 PM
It is a great time to be a buyer in Puna. The inventory is HUGE and the prices are continuing to drop. Many houses have been sitting vacant waiting for a buyer.
Lots of sellers haven't caught up with the fact that if you are going to sell in a market where there is a ton of inventory you have to price low to get it to move. Either that, or let it sit for months and then lower the price and sit for more months and lower the price again, then the buyers figure something is wrong with the property.
We sold our house in this market. Yes, you sell low, but you can also buy low. And there are great houses in Puna for really good deals now. [
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Lots of sellers haven't caught up with the fact that if you are going to sell in a market where there is a ton of inventory you have to price low to get it to move. Either that, or let it sit for months and then lower the price and sit for more months and lower the price again, then the buyers figure something is wrong with the property.
We sold our house in this market. Yes, you sell low, but you can also buy low. And there are great houses in Puna for really good deals now. [
]
hawaiideborah