Honolulu View Home for $5,300,000
May 21st, 2008 categories: Buying Honolulu Real Estate, Honolulu Real Estate 101, Views of Honolulu
Oh the value of a view. Over the years, I have noticed that a view brings an “X” factor to the sale of a property. An “X” factor is something that brings additional value to a sale. “X” factors may not be immediately measurable, yet they are real, and people are willing to pay more for a house with an “X” factor. A view is something that makes buyers willing to compromise on their initial needs, because the view brings an emotional aspect that they want and are willing to pay for. In the past, I have seen Buyers who have had very rigid buying standards become very flexible when presented with a terrific view! For Honolulu buyers, your quality of life will be better because there is something calming and serene about a great view. From an investment perspective, when you become a seller, you should be able to sell for significantly more than a non-view home.
For Honolulu sellers, expect to sell at a higher price than non-view homes. Be sure to market your view, as it is a significant and valuable feature.
Click on the youtube video above to see a terrific view from a $5,300,000 Diamond Head home.
