Aloha, this is David Buck and we’re down at the Gold Coast at Diamond Head and we’re going to talk about the difference between condo and co-op ownership in Hawaii. What most people don’t know is this is the highest concentration and the reason we’re filming down here is this is the highest concentration of co-ops on Oahu. We do have some condos as well...Read More
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Elegran - Manhattan, NY
NYC Condo, Co-op, and Townhouse Advisor
I had no idea there were co-op's in Hawaii. No surprise to you- but about 70% of our housing stock for purchase is co-op's. I was also surprised to hear your typical down payment amount was a little higher than ours. Typically, co-op's here start at 20% down- but I have seen more and more move toward 25% down- moving in line with what you know. Most co-op's here also want to see a DTI of under 28% and a Post Closing Liquidity of at least 2 years.
Dec 08, 2024 07:55 PM
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David Buck
Honolulu, HI
Dallas, TX
REALTOR®, Broker
| Great information, thanks for sharing. I hope you have a great day. |
Dec 09, 2024 03:06 AM
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David Buck
Honolulu, HI
HomeRome Realty 410-530-2400 - Pikesville, MD
Sell Your Home With Margaret Rome
David Buck
We have only one Co-Op in Baltimore County, "cash only." By-laws will not permit financing.
Dec 14, 2024 12:49 PM
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David Buck
Honolulu, HI
Rainmaker
77,505
77,505
David Buck
Realtor-Broker
Service Areas
Real Estate Resources
Hawaii Real Estate through David Buck, a Realtor in Honolulu, Hawaii. Insights to real estate market trends, housing, economy, statistics, and where the Honolulu or greater Oahu real estate market is headed.
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