When someone is looking to make a deal on a hawaii property, whether it be residential or commercial, they are likely to hear phrases such as, "No exceptions to this rule", "We can not negotiate this deal", or something similar. Most people take this as is, and because of this they may miss out on a truly good deal. Instead, people, the buyers and the agent, should challenge these rules. Keep in mind that rules are written and as the saying goes 'Rules are meant to be changed'.
This does not mean that you should break the rules completely, which could result in unlawful behavior, but it just means to challenge these rules so that they work better for you. For example, a potential home buyer has found a residential property that they are in love with. The asking price is around $350,000 and of that the selling agent is asking for 7% of this price. If you decide to make an offer lower than the asking price, the agent could possibly say that the deal is not negotiable. This is not true. With the real estate market as it is, deals are meant to be negotiated so that the agent can actually make their commission. You can counter with the price that you are willing to pay and that you will only pay 6% commission. Though, 7% is considered the average, there are ways to get around these rules.
Furthermore, in many cases, agents will tell you rules that seem a little absurd, such as the sellers will not allow you to have your own person come in and check the property. The seller may already have a document stating the condition of the house from their own person. Many people would feel more comfortable in having their own inspector come in and do this simply because they may trust this person more. Who knows if the inspector is working for the agent or not and not giving the exact condition of the house, in order to receive a cut of the profit. This is a little shady, however, a buyer can never be too careful. If this occurs, ask to see the rules of the agent's office. More than likely, there is no rule that will say that you cannot have your own inspector check the house.
A home or commercial property is a huge investment, and you want to make sure that you are getting what you are paying for. When these rules are in place, it may cost you thousands of dollars. SO remember, in order to protect yourself, question those rules that could possibly hurt you.
