Are you thinking late 2009 may present a great opportunity to invest in Honolulu, Hawaii vacation real estate?  You’re not alone, because clearly, it’s still a buyer’s market in Honolulu.  If you have cash to invest or can obtain financing, real estate may help diversify your investment portfolio.  Real estate is like many other investments; it may dip from time to time, but it has performed well over the long term (see chart).  The Honolulu real estate market has several positive aspects that favor buyers such as:

• Near all-time low interest rates
• Many Honolulu properties can be purchased for what they cost in 2005
• There are fewer qualified buyers, so there is less competition for the property available
• Lower property taxes commensurate with lower home values
• High inventory; nearly twice as many homes to choose from as compared to 2005

If you have been thinking about a vacation home or investment property, it’s a very attractive time to purchase a home or condo in Honolulu, Hawaii.  For more information, contact Michael Zimmerman.

Contributed by Michael Zimmerman
Direct:  808-457-9683
Michael@Michael-Zimmerman.com
http://www.michael-zimmerman.com
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