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Big Island

Waikoloa Village Homes For Sale Under $300,000 on the Big Island

For buyers looking for an entry level Waikoloa Village home, the good news at this time is there are eight homes listed in the $200’s and even one below $200,000.

This home is sparkling clean with open beam ceilings and a newly remodeled kitchen – listed at $265,000 (MLS# 254367)

Most of these homes are short sales, in fact, they all are with the exception of one bank owned REO home. As you would expect with distressed sales at entry level prices, many of these homes will need some work. Prices range from $185,300 to $299,900.

Need a Loan?

One important point for buyers that will be using a loan to purchase a home – not all homes qualify for FHA loans…and some homes may not qualify for any loan. Using an FHA loan? What you need to look for is a home that is safe and sanitary.

So, plumbing and electric all need to work – a broken toilet could result in a “no” on your loan. The roof needs to be in good order with no leaks. Overall, these homes could look like they’re trashed – carpets can be wretchedly stained, walls can be in need of paint 3 years ago, and the grass can either be knee high, or brown and dead.

The government underwrites these loans and there are standards that appraisers must conform to in their report. So, safe and clean yes, but cosmetic damage is allowed.

Cash Purchases

This two story home (MLS# 254097) is listed at $289,000, but comes with some major repairs

An example of a home that needs to be a cash purchase is the home pictured above. This home is in one of the Village’s more popular areas – Kipona Hills. The home is a 3 bedroom/2.5 bath two story home – nice sized home with 1,667 sq.ft. on a larger sized lot- 13,417 sq.ft.

This home is listed at a very attractive price of just $289,000. Sounds like a lot of home for the money and it is, but it has some big ticket repair items. The listing agent on this home is one of the best on the island and pre-sale home inspection and termite report have been done. This home needs to be tented for termites and needs a new roof..along with some other more minor repairs.

A home that I think is a great example of how some deferred maintenance can result in a great price for the savvy buyer is (MLS# 253592) pictured below. The home is large with almost 2,000 sq.ft. feet of living space along with a nice secluded garden area off the main bedroom. Count on replacing the flooring and a new coat of paint on the exterior, but the short sale price on this home is just $299,000 for a home built in 2003.

Don’t let the neglected paint on the exterior drive you away – this home is large with some nice features (MLS# 253592)

Short Sales Can Be a Good Option

I’ve seen all these homes and would be happy to answer any questions. Oh, one last thought – don’t be scared away by a home that is a short sale. Having worked with many buyers over the past two to three years on short sales, I’ve seen a marked improvement in bank response time.  

Also, many of these short sale homes have already gone though a valuation process with the lender and come with a suggested market price from the lender. These sales can be approved fairly quickly and you don’t have the guess work of what sales price the bank will or won’t approve.

I love the Big Island! Aloha.

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Karen Bail, R(B)

June 29, 2012

Love the kitchen in the first home!

Karen Bail, R(B)

June 29, 2012

Love the kitchen in the first home!

Pat Strausse, RB

June 29, 2012

@ Karen – thanks! This is my listing and I’m happy to report we have an accepted offer and are moving down the short sale road.

Pat Strausse, RB

June 29, 2012

@ Karen – thanks! This is my listing and I’m happy to report we have an accepted offer and are moving down the short sale road.

Annie Mendoza, RS

July 1, 2012

Mahalo Pat! Great info for folks to understand the requirements for FHA lending! And that is great that the home on Puu Nui is in escrow already…knew your efforts would result in speedy results to benefit all involved.

Annie Mendoza, RS

July 1, 2012

Mahalo Pat! Great info for folks to understand the requirements for FHA lending! And that is great that the home on Puu Nui is in escrow already…knew your efforts would result in speedy results to benefit all involved.

Margaret

July 1, 2012

Waikoloa Is one of the few places you can get a really great home at a reasonable price. Thanks for the reminder Pat!

Margaret

July 1, 2012

Waikoloa Is one of the few places you can get a really great home at a reasonable price. Thanks for the reminder Pat!

Pat Strausse, RB

July 6, 2012

@Annie and @Margaret – there are some great deals in the Village but…the good ones do go quickly.

Pat Strausse, RB

July 6, 2012

@Annie and @Margaret – there are some great deals in the Village but…the good ones do go quickly.

Isabel Inglis

December 18, 2014

Aloha Pat Strausse, this Homes in Waikoloa Village you showed here caught our attention, it opens up our mind again to pursue our retirement dream home to come true, we have been coming to the big Island for couple of times now and we sure fall in love with the island, but the Lava flows in Hilo was kind a red flag for us to consider buying a property there anymore, so myself and my husband wanted to consider looking for property in the Kona side, however it is a bit pricey there compare to Hilo, do you think there is property there for us under $300? since it is retirement home we are looking to at least a $250K range, do you think is there property with the price tag? please let us know, I can be reach at (909) 272 7462 or emailme at the above email address, Mahalo Isabel

Isabel Inglis

December 18, 2014

Aloha Pat Strausse, this Homes in Waikoloa Village you showed here caught our attention, it opens up our mind again to pursue our retirement dream home to come true, we have been coming to the big Island for couple of times now and we sure fall in love with the island, but the Lava flows in Hilo was kind a red flag for us to consider buying a property there anymore, so myself and my husband wanted to consider looking for property in the Kona side, however it is a bit pricey there compare to Hilo, do you think there is property there for us under $300? since it is retirement home we are looking to at least a $250K range, do you think is there property with the price tag? please let us know, I can be reach at (909) 272 7462 or emailme at the above email address, Mahalo Isabel

Pat Strausse

December 22, 2014

@Isabel,
I’m very sorry but the blog you read about Waikoloa homes under $300,000
was written in 2012 and since then prices have risen quite a bit.
At this time, the lowest priced home is at $329,000 for a 2 bedroom and then
jumps up to $375,000.
You can buy a condo in the $200’s but then you would have monthly HOA fees
that can run anywhere from around $200 to $400 or $500 depending on the
condo you buy into.

If you want a home on the Big Island in the $200’s there are homes in the
eastern and southern side of the island available in this price range.
If you are interested in a home in this area, I’d be happy to put you in touch
with a Hawaii Life agent that lives in this area.

Hope this information helps you, please let me know if you have any other
questions.

Pat Strausse

December 22, 2014

@Isabel,
I’m very sorry but the blog you read about Waikoloa homes under $300,000
was written in 2012 and since then prices have risen quite a bit.
At this time, the lowest priced home is at $329,000 for a 2 bedroom and then
jumps up to $375,000.
You can buy a condo in the $200’s but then you would have monthly HOA fees
that can run anywhere from around $200 to $400 or $500 depending on the
condo you buy into.

If you want a home on the Big Island in the $200’s there are homes in the
eastern and southern side of the island available in this price range.
If you are interested in a home in this area, I’d be happy to put you in touch
with a Hawaii Life agent that lives in this area.

Hope this information helps you, please let me know if you have any other
questions.

Isabel Inglis

January 5, 2015

Pat thank you for your response, please do have the Agent in touch with me or my husband we can be reach at my husband # (909) 527 0542 and my # is (909) 272 7462, I look forward to hear from anyone at Hawaii Life Agent, Mahalo, Isabel

Isabel Inglis

January 5, 2015

Pat thank you for your response, please do have the Agent in touch with me or my husband we can be reach at my husband # (909) 527 0542 and my # is (909) 272 7462, I look forward to hear from anyone at Hawaii Life Agent, Mahalo, Isabel

Pat Strausse

January 7, 2015

@Isabel, I have forwarded your information onto an agent that lives on the south end of
the Big Island where I think you will find a home that fits your needs. Thanks again for
contacting me! Aloha, Pat

Pat Strausse

January 7, 2015

@Isabel, I have forwarded your information onto an agent that lives on the south end of
the Big Island where I think you will find a home that fits your needs. Thanks again for
contacting me! Aloha, Pat

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