How can I determine the fair market value of my Hawaii land for a cash sale?
To determine the fair market value, you can get a professional appraisal, compare recent sales of similar properties in your area, and consult with local real estate agents who specialize in land sales.
What are the legal steps required to sell my Hawaii land for cash?
The legal steps include obtaining a clear title, drafting a purchase agreement, possibly conducting an environmental assessment, and closing the sale through an escrow or title company to handle the transfer of funds and deed recording.
Are there any taxes or fees I should be aware of when selling my Hawaii land for cash?
Yes, you may be subject to capital gains tax, state conveyance tax, and other potential fees such as realtor commissions and closing costs. Its advisable to consult with a tax advisor or real estate attorney to understand all financial implications.
