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Knowing The Kauai Second-Home Market | Why Buyers Hand Over Trust So Quickly — and Why It Can Cost You 

I would guess sellers and buyers creating their own version of what’s happening in the real estate market happens more in the second-home market, but I’m not entirely sure. 

 

Where you live, you’re more in touch with what’s happening — you’ve seen the homes that are selling, or not selling, and you have a feel for the pace of your local market. 

But if you’re a seller who doesn’t live near the property you own, staying connected to that market isn’t as easy. You’re relying on secondhand information, online listings, or assumptions — and that can be very different from what’s actually happening on the ground. 

The same holds true for buyers. If you’re shopping for a vacation rental or second home here on Kauai, it’s easy to project what you think the market should be doing based on where you live or what you’ve read.  

This makes total sense because it’s what you know.  But this market might not be doing what you know. Inventory, rental demand, financing, and HOA dues — they all play a role that you’d never be able to figure out. 

When a buyer or seller doesn’t know their Realtor very well, things can get interesting — and sometimes costly. The moment something doesn’t quite add up, people tend to turn to someone back home who may, or may not, know what they’re talking about. 

What’s even stranger is how quickly trust is handed over in real estate. Someone meets an agent and, within a short time, they’re ready to spend hundreds of thousands of dollars based solely on that advice.  

Again, I think this happens more often in a second-home market, and it’s not a good plan. 

The takeaway is simple: take the time upfront to make sure you trust who you’re working with, and ground your decisions in what’s actually happening in the market from reliable, informed sources. 

Check out my other posts in this series:

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Aloha!

Lynda Gill RS Lic. 63088  

Hawai’i Life Real Estate Brokers 808.346.0056  

LyndaGill@HawaiiLife.com 

Posted on in Agents, Buying Advice, Condos, Education, Intelligence, Kauai, Market Intelligence, Selling Advice, , , , , ,

Lynda Gill
About the Author

Lynda Gill

Lynda Gill is a Realtor Salesperson with Hawai'i Life. I have over 21 years of experience as a top-producing real estate agent on Kauai, where I’ve lived since 2004. I specialize in residential, relocation, and resort property sales in Poipu Beach, Lawai, Omao and Kalaheo, on the island’s South Side. Over the course of my career, I’m proud to have earned accolades and designations, including being recognized as a top performer by Hawaii Business Magazine. But what really drives me is helping my clients with one of the most significant events in their lives. There is nothing quite as satisfying as helping clients achieve their financial goals or seeing their eyes light up when the right property comes along. You can email me at lyndagill@hawaiilife.com or via phone at (808) 346-0056.

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