How to Buy in a High Interest Rate Market

by | Apr 20, 2023

The Big Island of Hawaii is still a seller’s market. But, there are wayyy fewer buyers due to the higher interest rates. How can a buyer still buy, yet skip what feels like a high interest rate? LOOK FOR SELLERS WHO WILL BE YOUR BANK! There are seller’s who need to sell their properties right now, yet don’t need all the money in their bank accounts. Look for listings that promote PMM – Purchase Money Mortgage, and Agreement of Sale options. What does this mean to a buyer?

To a buyer, it means the seller will hold the paper on the purchase. You will pay the monthly mortgage directly to the seller rather than the bank. It means a lower interest rate. It means you can get into your dream home NOW rather than wait for interest rates to come down. It means no appraisal on the property, no intense qualification hoops to jump through, a negotiated down payment. It also means options like balloon payments, no pre-payment penalties, and other negotiating factors that can mean the difference between getting what you want and need…or not!

I currently have sellers offering seller financing! This can be a game changer! Ask me how I can help you find the home of your dreams at the interest rate YOU can afford!

What Clients Are Saying

“If it wasn’t for Jen, we wouldn’t be here on the Big Island now! She drove to multiple locations to do Facetime walk-throughs, connected with our loan officer through the USDA, and advocated for us in a timely and professional manner. Jen McGeehan stuck with us to the end!”

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Jen McGeehan

Phone: 808.747.2365
Email Jen

I am an adventurer by heart, never letting too much dust settle under my feet. But, I am also a nester, a woman who loves her home, garden, animals, family, and whatever career I happen to be in. In my latest adventure, I’ve successfully merged over 46 years of varied work and life experience into a real estate career that focuses on the goals and dreams of my clients. Are you interested in moving to the Big Island of Hawaiʻi? I’d love to talk with you about your dream goal, and help you achieve it!

Integrity is the cornerstone of my business! 

Coldwell Banker | Island Properties