Second home – Dr. Plastic Picker

Tag: Second home

Lava Zones. By Dr. John G. Van Hoesen – Previously unpublished. Provided directly to me for uploading., CC BY-SA 4.0, Link

May 16, 2021

by drplasticpicker

My family member and I (our two families) put in an offer for a 25-acre ranch on the Big Island of Hawaii. It’s surprising that even with the hot real estate market, there are only two financial entities in the world looking for a 25 acre ranch on the Big Island in that particular lava zone. Yes we have to know about lava zones if you are buying on the Big Island. As always we are trying to get a reasonable deal, so offered lower than the asking price. We will be the back-up offer as they accepted an offer already. But it is contingent on financing and selling another property. With real estate, many many things can happen to derail a transaction. We are experienced buyers in a strong position who can get the deal done. This is reflected in our lower offer though. So we will wait and see, and if it happens – it happens. If it doesn’t, than that’s the market and we move on.