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Honolulu Real Estate Sellers ... Making The Price Reduction List Can Cost You Money

Keahi Pelayo discusses how important it is for a seller of Honolulu real estate to get priced right the first time and to avoid getting on the price reduction list. More...
Chinese Airline Clearance Good For Honolulu Real Estate
The Honolulu Advertiser recently reported that Hainan Airlines was recently approved for weekly flights to Hawaii. More...
Blessing Your Honolulu Home!
The following are a number of events that might lead to the "blessing" of a house or condo. More...
When The Best House Might Not Be The Best Investment
Below are two fact sheets for homes that are priced just under $700,000. More...
Quantitative Versus Qualitative Real Estate
My reflections on investing in Honolulu real estate as influenced by a book called "The Snowball" about Warren Buffett's life. More...
Obama, Capital Gains & Your Honolulu Real Estate!
Now that the smoke has settled from our recent Presidential election, it is time to start considering its impact Honolulu real estate sales. More...
Lessons From A Honolulu Home Sale - 2
This past September I was hired to sell a home located on Honolulu's Waialae Nui Ridge. It was a 3 bedroom 3 bathroom split level home that sat on 7,700 square feet of land. The list price was $1,145,000 and it sold in 5 days for $1,200,000. There are many questions that arise from this sale and here are a few of them. More...
Yikes! To Attorney Or Not To Attorney!
In Honolulu, initially, it is not typical to have an attorney involved in the structuring of a normal contract for the purchase of a property. So when should a buyer or seller bring an attorney into a transaction? More...
The E-I-E-I-O of E & O in Honolulu!
If you are a buyer or seller of a house or condo in Honolulu, it is prudent to ask a potential broker or agent who may represent you if they maintain Errors and Omissions Insurance (E & O). More...
Diamond Head Cutie!
Fabulous Diamond Head home. A friend of mine used to live in this home. In fact, the musician Henry Kapono was a tenant downstairs. It was purchased by the owner of Kahala Construction. More...
California Improvements Could Help Honolulu
A recent article in Pacific Business News shows that California's number of months of remaining inventory and the days on market have dropped significantly. This bodes well for Honolulu home and condo sales because as California improves, this improvement will translate to Hawaii. More...
In Honolulu Real Estate Zoning Rules Matter!
When developing real estate in Honolulu, be sure your architect and engineers factor in all of the pertinent zoning rules. More...
Refinancing Your Honolulu Property Before or After an Exchange!
Here are some possible advantages of refinancing a property before or after you complete a 1031 Tax Deferred Exchange. More...
The Demise of a Giant!
I was surprised to read that the LA Times has done away with its Sunday Real Estate Section! More...
Sell Your Honolulu Home Before Buying Another!
It is highly recommend that you get your home sold before you try to buy another. More...
Ways Condominium Associations Can Help Or Hurt Your Value - Honolulu Real Estate
A Honolulu apartment owners association can positively or negatively affect the value of the units in a particular building. Here are four ways they impact your property. More...
Honolulu's Twin Brothers of Different Mothers!
The more I thought, the more I understood that sellers who price their homes to high are like buyers who make "low ball" offers. More...
Dramatically Reduce Your Honolulu Property Taxes!
If you have a vintage Honolulu home, you may qualify to have it put on the historic register. The Hawaii Historic Foundation is a non-profit that helps to identify and preserve historically significant buildings. More...
Lessons in Pricing Honolulu Real Estate
This Manoa cottage closed at $800,000 on April 30th. I represented the buyer and it was originally listed for sale at $799,000. There are many great lessons that can be drawn for from this sale, but the most important lesson for sellers of Honolulu real estate is that pricing is the key to creating activity and ultimately selling your property. More...
"X" Marks The Spot in Honolulu
Paragraphs C-41, C-42 and C-43 of the Purchase Contract (PC) have to do with surveying a the corners and/or perimeters of the lot. More...
Knob & Tube Wiring it comes with the territory!
Many insurers will not offer policies at reasonable rates on homes with this type of wiring. So during your inspection period, be sure to confirm the availability of affordable home owner's insurance. More...
Why Seller Shouldn't Make Repairs & Why A Buyer Doesn't Want Them To!
No home is perfect, so it seems after a buyer completes their inspection (Purchase Contract paragraph C-51) there is almost always an attempt by the buyer to negotiate some sort of concession (price reduction, dollar credit, seller repairs). More...
Home Inspections & Negotiating in Honolulu Real Estate
Once a price and Purchase Contract (PC) are agreed to by the Seller and Buyer in the sale of Honolulu real estate, the next major hurdle to get over is the inspection of the property. More...
Closing & Signing, What Do They Mean in Honolulu Real Estate?
In some states closing a real estate transaction is very different from closing a sale in Honolulu. I am told that in other areas closing is when the buyer and their attorney and seller and their attorney meet to finalize the sale. More...
Termites in Honolulu Real Estate?
If a termite could eat wood, how much wood could a termite eat? Well, it depends whether or not the termite is of the ground variety or from the tribe of the dry wood termites. More...
Surveys and the case of Encroachments in Honolulu
Some planning ahead of time may help you to avoid problems with encroachments. By having your property surveyed prior to coming on the market for sale. More...
Honolulu Real Estate Is A Great Long Term Investment!
Given all of the news regarding the economy, sub-prime loans and real estate prices a great rhetorical question is "Why buy Honolulu real estate now?" More...
Surveys... We Aren't Talking A Gallup Either!
In Honolulu real estate it is customary for a home a lot to be staked and surveyed by a licensed surveyor. More...
The Canadians Are Coming to Honolulu!
Read this article on the growth in Canadian visitors to Hawaii and Honolulu. The weakness in the American dollar makes Hawaii a bargain for those foreigners whose currency has strengthened. More...
Don't Assume Your Insurance Will Cover Your Loss!
Great article at the Wallstreet Journal talks about the impact of language in your Homeowners insurance policy. More...
1031's and TIC's... No Not The Bugs!
The Wall Street Journal's Jason Zweig gives a great history and the down falls of investing in institutional Tenant-In-Common interests in commercial real estate. More...
Buyers Of Hawaii Oceanfront Properties Beware!
If you are thinking about buying an oceanfront home or parcel be sure to do your homework. The Honolulu StarAdvertiser is reporting a clarification and change in the SMA Rules. More...
Get Ready For The Best Time Of The Year To Sell!
Here are a seven low cost things you can do to improve the looks of your living unit in time for the Honolulu summer market. More...
Hawaii Bankruptcies Up
The Honolulu Advertiser is reporting that Hawaii's bankruptcies have risen. More...
Honolulu Foreclosures Up & We're Still Better Off
Pacific Business News is reporting that Honolulu's foreclosure rate increased by 123% year on year! More...
More Good News For The Honolulu Market
Latest research reveals that the Honolulu residential real estate market had one of the fewest and smallest real estate price drops in the US this month. More...
Spike In Honolulu Home Prices Coming?
In my opinion, the 2009 slowing in core Honolulu real estate sales had more to do with fear than too many homes for sale. A recent article in the Honolulu Advertiser confirms this. More...
Betting On Lower Foreclosures For Honolulu
Pacific Business News is reporting an increase in the number of foreclosures in Hawaii. More...
Short Sale Letters
I found an excellent series of letters at Blog The Rockies, a Boulder Colorado real estate blog that talks about the short sale process of writing a letter explaining your situation and whey the lender should consider granting the short sale. More...
Wait On Your Short Sale. Help Is On The Way!
The Wall Street Journal is reporting short sale help by the government. If your thinking of buying one or doing one, probably best to wait a few weeks. More...
Proposed Tax Increase To Hit Many Honolulu Home Sellers!
Today's Honolulu Star Bulletin is reporting that one of our State Legislators is proposing a tax increase on "high-priced homes". More...
Considering Selling Your Honolulu Property? NOW Is The Time To Get It Listed!
If you are planning on selling your Honolulu home or condo after the first of the year, then right now, today, this moment is the time meet with me to get it listed for sale. Here is why. More...
Sellers Having To Cut Less, Could The Tide Be Turning?
The Honolulu Advertiser had an article earlier in the week that said Trulia.com's recent report showed Honolulu sellers were making fewer price reductions than many other parts of the country. More...
Economic Seers See Honolulu Bottom
Here's some major points that I picked up from attending the breakfast sponsored by the Honolulu Chapter of the NAIOP with guest speakers Byron Ganges and Paul Brewbaker. More...
Is Roost To Nesting In Honolulu Real Estate?
Pacific Business News is reporting that Roost.com, a new real estate search engine, is launching its service in Honolulu. More...
Guru Calls Bottom In Honolulu Real Estate
The Honolulu Star Bulletin is reporting that Paul Brewbaker, former Bank of Hawaii chief economist, has called a bottom in "Oahu's Housing Market". More...
More Analysis Of The Honolulu Real Estate Stats
Here's a summary of the November Honolulu Board of Realtors statistical report. More...
Honolulu Home Inventory Down To 2005 Levels!
I just did a quick review of the November 2009 Honolulu Board of Realtors statistical report and I was surprised to see a drop in available single-family home listings to 1,199. More...
Heartland Connected To Honolulu Real Estate
The Chicago Tribune is reporting a significant increase in Chicago area home sales. More...
Crime Way Down In The Aloha State
Until I read a recent article in the Honolulu Star Bulletin, I would have told you that crime in Honolulu is higher than it used to be (not that it was bad). More...
What's Wrong With This Picture?
The Honolulu Advertiser headline reads, "Foreclosure in Isles 10th worst in nation". As a Honolulu real estate broker, I see both good and bad news in the numbers. More...
Stabilizing Neighbor Islands Will Help Honolulu Real Estate
The Maui News reported that their tourism market would stabilize in 2010. As I have said in the past, it is my perception that the neighbor island real estate and tourism markets have been hit much harder than Oahu's. More...
10 Good Questions & Answers About The Real Estate Market
Today's Wall Street Journal had an excellent article in a question and answer format. Much of it applies to Honolulu real estate and it is well worth the read! More...
Key Information On Homeowners Assistance Program (HAP)
For members of the U.S. military who are transferring from Oahu to their next PCS the Federal Governments Homeowners Assistance Program may be a good way to help minimize your loss on real estate you may have purchased. Helpful links. More...
Waiawa Cancellation Has Losers and Winners
Gentry Development, Alexander and Baldwin and Kamehameha Schools Bishop Estate (KSBE) have just pulled the plug on developing 12,000 housing units in Waiawa (West Oahu). More...
Digerati Bell Weather May Ring In A Good Future For Honolulu
Little Atherton California's housing market may be a precursor for good things in the Honolulu housing market. More...
Some Honolulu Homes Selling... Very Fast!
I had two Honolulu homes that both sold within days of coming in the market! Here are some reasons why it sold faster than other homes. More...
Lessons From 911 Apply To Honolulu Real Estate
With Trulia, Zillow and other sources for real estate information, I am reminded of the problems created by technology in the pre-911 world. More...
National Housing Construction Trends
Here is a good update on national construction trends. More...
Blaspheming!
My thoughts on the impact of national tax policies and attitudes on the value of homes and condos on Oahu. More...
National Pending Sales Good For Honolulu Home Sellers
Forbes is reporting that the National Association of Realtors has seen a significant increase in the number homes and condo's that have been put under contract, but have not yet closed. More...
FHA Is Key To Low Down Honolulu Home Buyers
Forbes has an interesting article about recent growth in the use of Federal Housing Administration (FHA) loans. More...
Analysis of Core Honolulu Real Estate Statistics
Here are a few numbers that you may not find reported in the Honolulu Board of Realtors' latest report. More...
Honolulu Real Estate Core Value Strength Explanation!
The Honolulu Advertiser reported that Oahu has the highest hotel occupancy rate of "the top 10 competitive international island destinations", this may mean that Waikiki's hoteliers have had to cut back less than the neighbor islands. More...
Flood Insurance Could Drain Your Bank Account
My friend Ed Chu, an insurance agent with ACW Group, emailed me an article concerning possible increases in flood insurance rates for Honolulu properties. More...
Is Accushow Really The Best Show?
In past posts, I have talked about the importance of making sure your Honolulu home is really easy to show. There are several components to this equation. More...
Low To Middle Market Leading The Charge!
Today's Wall Street Journal laments that the upper end of the real estate market is still slow. The recent good news of increased sales and, in some cases, prices is taking place in the low to moderate price ranges of a given market. More...
New Rules Make Planning A Must For Honolulu Buyers And Sellers
In previous posts, I have talked about the crazy appraisal rules enacted at the beginning of May. The Wall Street Journal is now reporting that the rules have been creating problems. More...
Home Prices Rise?
The Wall Street Journal is reporting that the Case-Shiller index is showing positive news. More...
Millionaires Abound In Hawaii!
According to Pacific Business News, Hawaii has the more millionaires per household than any other state in the union. More...
Finally! Clarification Of The Appraisal Code!
Since the May 1 institution of an "appraiser code", the real estate community has seen a large number of contracted sales fail due to low appraised values. New rules have now been proffered that should help Honolulu transactions to have a higher probability of closing. More...
Membership Benefits You!
Whether you are thinking about buying or selling a property is Honolulu, I recommend working with an experienced member of the Honolulu Board of Realtors. Here are some reasons why. More...
Honolulu Building Permits and Plans
Hawaii Real Property Research is a professional document search firm that can provide you a complete research package. More...
Helping Your Kids Into Honolulu Real Estate!
This Wall Street Journal article gives you a number of ways to help your family to get into Honolulu real estate. More...
Honolulu Growth Projected Slow!
Pacific Business News reports a projected growth of Honolulu residents by 2025. Here are some reasons why I think this growth is a good thing. More...
Honolulu Wearing Crown Again!
Pacific Business News is reporting that Honolulu home prices are one of the most expensive in the US. I believe this shows the staying power of our real estate values and, therefore, is confirmation that a condo or home in core Honolulu is a great place put one's investment dollar. More...
HARPTA Could Be A Surprise For A Honolulu Seller
If you are not a resident of Hawaii and you are thinking about selling a property that you own here, then beware of the withholding tax under HARPTA Tax Law. Here is the short and simple version of the law. More...
Good For California Is Good For Honolulu!
The Wall Street Journal is reporting a shift in the California real estate market that should make followers of the Honolulu market very happy. More...
Honolulu Coop Flip Tax?
I had a conversation with a person in New York City and I surprise to learn that cooperatives charge a "Flip Tax" when a unit in the building is sold. More...
Housing Market Bottoming?
This mornings Forbes.com had an article written by Robert Lenzner, a forecaster at Economic Cycle Research Institute. He is bullish on the stock market and home prices. More...
Home Valuation Code of Conduct
As of May 1, 2009, new rules have been put in place to try to curb pressure on appraisers to arrive at higher values for properties. More...
Are Bidding Wars Next?
The Wall Street Journal recently reported that the parts of the mainland are experiencing bidding wars for certain properties. More...
Hot Honolulu Summer Market!
We are on the cusp of what I believe will be a strong summer market! Here are 5 reasons why. More...
Newspaper Circulation Going Down!
The Internet is shifting our world. From the founding of our country, newspapers have been the major sources of information, but with a recent Audit Bureau of Circulations report their relevance to news delivery and, therefore, marketing is eroding . More...
First Time Homebuyer Tax Credit?
I finally found a decent explanation of the recently passed first time home buyer tax credit. If you are a first time home buyer, don't automatically assume that you will get a $8000 tax credit. More...
Obama Targets Raise In Capital Gains
Hang on to your wallet! Newsmax.com has an article that outlines all of the proposed tax increases our new President is proposing in his new budget. Owners of Honolulu real estate should be most concerned with a proposed increase in the capital gains tax. More...
Military PCS Great For Honolulu Real Estate
Most military families PCS orders are for a term of 3 years. The honorable people that serve provide a terrific buyer pool for Oahu real estate. The ongoing long-term military presence in Hawaii is one of the main reasons I am very bullish on our real estate values. Here is why. More...
Newspapers Irrelevant To Real Estate Sales!
Surfing around the blogosphere yesterday, I ran across a post that Google has discontinued a project to take advantage of newspapers and other print media. More...
Honolulu Condos With 70% Or More Owner Occupancy
Lenders are now requiring a owner occupancy of 70% or more, if a buyer is using a down payment in a purchase of less that 20% of the price. More...
Owner Occupancy Requirement UP For Honolulu Condos
With all of the shifts in financing over the last half year, in cases where buyers are using a down payment of less than 20%, lenders are now requiring an owner occupancy percentage of 70%! To find a Honolulu condo with this high of an owner occupancy level is very rare. This new requirement may have the some implications. More...
Refinance Your Honolulu Home... NOW!
I locked a 4.375% interest rate! If you aren't refinancing, you should consider taking advantage of these great interest rates. More...
Hawaii's Population Is Up
Since supply and demand is the simplest explanation of markets, the Honolulu Advertiser's report that our population has grown is good news. More...
Is A Bounty Really A Commission?
During slower real estate markets I see all sorts of creative incentives to help bring buyers to the table. More...
Real Estate Myths Busted!
Frontdoor.com is a very interesting Internet site. It has excellent tips for buyers and sellers of condos and home. One of its recent posts talks about the "10 Real Estate Market Myths". In a world awash in negativity, it is nice to hear some positive clarity. More...
Hawaii Distressed Property Terms
Are you considering buying a distressed property in Honolulu? If this is your first time entering this arena, it might be helpful understand some of the terms you will run into. More...
Save Tons Of Money... Buy In The Right School District!
Hawaii Real Estate Reporter has an excellent post regarding the ratings and rankings of Hawaii's public schools. More...
Hawaii's Rental Rates Highest In The Nation!
The lack of supply in core Honolulu, high values and low vacancy have driven rental rates. These same factors should drive long-term (5 to 10 years) real estate values up. More...
Not The Pirate Code!!!
The 17 terms in the Code (National Association of Realtors (NAR) Code Of Ethics) provide a set of standards all Realtors agree to play by. More...
The Hard Conversation - 1
When interviewing a realtor to represent you, be sure to determine that they were bringing the professionalism necessary to have the easy and, more importantly, hard conversations that will protect your interests. More...
Haggling Honolulu REO Properties
Blogtherockies.com had a recent post that does a terrific job outlining many issues that may make your REO purchasing process easier. More...
The Chinese May Be Coming to Honolulu Too!
For the last several years, I have been waiting for the newly minted Chinese middle class to discover Hawaii. Based on an article in Pacific Business News concerning a recent agreement between our two governments, Honolulu may soon see more arrivals from China. More...
Pictures Essential To Selling Honolulu Homes
A photo is worth a thousand words! No matter how eloquent a writer may be, there is no substitute for having a set of pictures posted with your listing. The Wall Street Journal online confirmed this thesis with this article. More...
Un-Factors In Determining Value of Honolulu Real Estate
After 25 years of valuing real estate, it is clear that there are a number of factors that are not an issue in the value of a piece of property or condo. Here are the factors that DO NOT bear on the sales price of a particular property. More...
Hawaii's Act 137 Screws Short Selling Sellers
If you need a short sale, Act 137, makes it very hard for a Realtor to help you. Here is another example of our good intentioned Government screwing things up. More...
Turning Your Honolulu Rental Into Your Primary Residence
Margaret Woda, of RE/MAX Vision in Crofton Maryland, has an excellent post explaining recent changes to rules regarding the sale of a primary residence, which was formerly used by the owner as an investment property. More...
Prepare Your Honolulu Home Before You Go To The Market!
North Carolina Realtor, Sandy Sibley, has 8 great suggestions for increasing the value of your home. More...
Honolulu Board of Realtors Enter The Technological Age!
The Honolulu Board of Realtors has finally adopted a lockbox system.When interviewing a Realtor to sell your property, be sure to ask if they will use the lockbox. More...
Generalities vs. Specifics in Honolulu Real Estate
Don't believe the generalities. Look at a specific property, assess its condition and price, and then balance the two to arrive at a sale that doesn't count on a good or bad market. More...
Should A Honolulu Seller Give Occupancy To A Buyer Before Closing?
You get a call asking that the buyer be allowed to move in prior to the close of escrow. What to do? What to do? More...
Honolulu Flood Insurance Questions?
Flood insurance can increase the cost of owning your Honolulu home, so here is a new website that will allow you to determine your exposure. Be sure to check a property out BEFORE you buy. More...
Colorful Honolulu House
Color, color, color and more color! Color is in, in Honolulu! This home is full of color and it makes me proud to be an American because it shows our freedoms at work. More...
Commissions and why they don't matter!
If you are considering selling a property in Honolulu, I recommend that you use a full service experienced real estate agent at a reputable company. Most full service Honolulu real estate brokerages charge a seller 6% of the sales price to sell a property. More...
Magic! Debt Becomes Income & YOU PAY TAXES!
If you are thinking about selling your Honolulu home or condo via a short sale, be sure to determine how much money your bank is forgiving. The Wall Street Journal has an interesting article the reports the following. More...
Taking Advantage Of December In Honolulu Real Estate
December can be a very good month for both buyers and sellers. Here are the opportunities. More...
Should You Sell At A Loss Or Hang On?
Even though the end of this Wall Street Journal post ends up recommending a solution that does not involve a real estate broker, it is an interesting read. More...
Good Time To Add Value To Your Honolulu House Or Condo
Today's Wall Street Journal on-line had an article that reminded me that now may be a great time to remodel your Honolulu house or condo. More...
Should I Take The Hit Now or Rent My Honolulu Home?
A Forbes on-line article started me thinking about selling a home when it is not worth the value the owner paid for it. The article makes it seem really easy to rent it until the price of the home rises to the point that the home can be sold at a profit. More...
Owner Financing Can Be A Good Way To Sell Your Honolulu Property
The Wall Street Journal had a recent article that talked about whether or not a seller should consider financing a person who file bankruptcy in the last few years. More...
Pricing Your Honolulu Home
The Wall Street Journal has a terrific article on pricing your home to get it sold. More...
Planning To Sell Your Honolulu Home Part Ten-Condominiums
Until now my posts on planning have generally applied to house and condominiums, but today's post has to do with condos alone (part 10 of my planning post). More...
Honolulu Downsizers Might Be Slowing
Pacific Business News is reporting the slowing of a recent trend by longtime house owners down sizing to condominiums. More...
Planning To Sell Your Honolulu Home Part Nine-Courageous Person
Ask a courageous person to visit your home and be brutally honest about the good, the bad and the ugly parts of your home. Here is what you want them to look for. More...
Planning To Sell Your Honolulu Home Part Eight-Neighbors
This is my next post on getting ready to sell your home.
Check out your neighbor's curb appeal and attempt to do something to clean it up. More...
New Hawaii Law Is Electrifying!
If you are thinking of selling your Honolulu house or condominium, please be aware that this years legislature passed a new law requiring a "good faith declaration of the electricity cost" associated with your primary residence. More...
Planning To Sell Your Honolulu Home Part Seven-Yard Prep
Here is the next post in my ongoing series on things to do before you put your Honolulu property on the market for sale: Clean up the yard. More...
Planning To Sell Your Honolulu Home Part Six-Windows
Here is the next post in my ongoing series on things to do before you put your Honolulu property on the market for sale: Hire a professional window cleaner. More...
Planning To Sell Your Honolulu Home Part Five-Cleaning
There is no substitute for a clean home and this is why number five of my ongoing series has to do with having the home cleaned. More...
Planning To Sell Your Honolulu Home Part Four-Dealing With Clutter
This is my fourth installment for preparing your home for sale: Remove clutter. More...
Planning To Sell Your Honolulu Home Part Three-Disclosure
This post is part of my ongoing series about preparing to sell your home: Fill out the Seller's Real Property Disclosure Statement. More...
Planning To Sell Your Honolulu Home Part Two
This is part of my ongoing series concerning preparing to sell you Honolulu home or condominium: Have your property surveyed by a licensed land surveyor. More...
Planning To Sell Your Honolulu Home? Start Here.
Hawaii homeowners have much less experience selling a home than their counterparts in the mainland. Here are 12 things to do before you start marketing your home. First thing to do is to Order a preliminary title report. More...
Old Sayings That Aren't So Old!
There are old sayings in the Honolulu real estate business, some are true and others are not. Here are a five that I have found apply. More...
Death By A Thousand Cuts!
Like most municipalities, the City and County of Honolulu is falling short on the income side of budgetary planning. In other words, they have more expenses than they have income. Rather than cutting services, the City Council is attempting to increase property taxes. More...
Do A Short Sale and Still Pay Taxes!
Anyone considering a short sale needs to read this Wall Street Journal Article. More...
Thinking of Selling Honolulu Real Estate?
Here are 9 questions to ask any agent you are thinking about hiring to sell a property. More...
Disclose, Disclose, Disclose in Honolulu Real Estate
A recent Realtor Journal article walked through some very good guidelines Sellers and Broker/Agents should follow regarding disclosures concerning the background and condition of a home or condo. Here's a modified version of the 8 rules advocated by the Realtor Journal. More...
5 Things That Turn Buyers Off To Your Home!
Why reinvent the wheel when someone has already done it so well! Even though Ken Haedrich is a agent in Annapolis, his post on "5 Things Buyers Don't Like" is absolutely applicable in Honolulu. More...
Signs That It May Be Time For a New Agent
Here are some signs that you might have the wrong agent. If any of these apply to you, then you may want to interview a new company. More...
Things Honolulu Sellers Need To Hear
Last week I helped a buyer purchase a property. One of the keys to getting the buyer the property at the price they wanted was a cover letter that outlined some of the realities the sellers face in this market. More...
Honolulu Least Affordable Housing In U.S.
Pacific Business News is reporting that Honolulu has the least affordable housing in the United States. More...
The Grand Dilemma
There is a dilemma that is not unique to Honolulu real estate. When it is time to move to a new home, do you find your new home or sell your existing house first? More...
Charitable Remainder Trust & Honolulu Real Estate
I explain a bit more about a 1031 Tax Deferred Exchange and a Charitable Remainder Trust (CRT).
More...
Getting Ready To Sell In Honolulu!
My last post suggested that, in Honolulu, it is not good to spend a great deal of money remodeling a residence to prepare it for sale. There are five things that are worth doing when getting ready to sell. More...
To Remodel Or Not? That Is The Question?
I am often asked whether or not it makes more sense to sell "AS IS" or take the time to remodel and then sell. In general, you are almost always better off leaving your condominium or house in its current condition, rather than putting time and money into significant upgrades. More...
Price is the Key to Selling Honolulu Real Estate!
Here is the good news, properties are selling and they will sell relatively close to the correct list price. Here is the bad news, if you are off on the proper price be even a little bit you will sit on the market and not sell! More...
1031 Rule Could Shorten Your 180 Days!
Julie Tumbaga, Vice President in Honolulu of OREXCO 1031 Exchange Company (808-524-6737), sent me an email clarifying a rule that could have a significant impact on your IRC Section 1031 Tax Deferred Exchange that closes toward the end of 2008. More...
Seller Financing Can Help Sell Honolulu Homes!
A recent article at the Wall Street Journal.com reminded me of my beginning in the real estate business. More...
Be Sure To Inspect Your New Home Too!
West Oahu has quite a few homes, townhomes and condos that have been newly built. The Wall Street Journal has an excellent article that warns you to inspect your newly built home (in spite of the fact that it is new construction). More...
Seven Sins Of Selling Yourself
Forbes on-line has a very interesting article regarding 7 things to consider when you are thinking about selling your home yourself (without an agent or broker representing you). More...
Honolulu 2nd Home Seller?
Tax treatment of a second or vacation home. Goods news. More...
Learn From Bruce Springsteen's Drummer!
There is a big lesson to be sure to do your homework before you invest in Honolulu real estate or an real estate for that matter! More...

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    I'm in the process of reading Stephen M. R. Covey's book "The Speed of Trust" and it has shed new light on a simple and effective way to choose the broker that is going to work best for you and your needs. Watch my video.

  • AA or Avoiding Annoyance

    The vast majority of real estate purchase contracts in Honolulu call for a seller to have the home or condominium cleaned prior to delivering the property to the buyer (Purchase Contract paragraph C-57). Believe it or not, this seemingly minor detail can create more than a few problems. Today's video blog talks about a way to avoid these problems.

  • Call Me!

    Today's video talks about the benefits of the good old fashioned phone call.

  • Why Some Honolulu Homes Don't Sell

    In today's video blog I talk about expired listings and focus on two other important reasons that contribute to homes not selling.

  • Is Number One, Really Number One?

    Keahi discusses how it is that more than one real estate agent can claim to be number one in a market and how every Realtor making the assertion could be technically correct. Plus I share some simple guidelines that will help you pick the agent that is going to work out best for you.

  • Spy Vs. Spy? Broker Vs. Agent?

    In Honolulu, what is the difference between a real estate broker (I am one) and a real estate agent? Both can help you buy or sell a home, and theoretically, one has more experience. I explain further in this video.

  • In Hawaii, Your Agent's Job Is To Protect You!

    In today's video blog, I discuss the nature of fiduciary duty and how it SHOULD by applied by real estate agent's and brokers in Hawaii.

  • Goliaths Not So Important

    In today's video blog, I discuss how the Internet Data Exchange (IDX) has balanced the playing field between smaller real estate companies and large franchise organizations.

  • 1031: When Should You Hire A Qualified Intermediary?

    In today's video blog, I talk about the timing of hiring the qualified intermediary to handle your Honolulu 1031 tax deferred exchange.

  • 1031: What Is A Qualified Intermediary?

    Qualified intermediary, accommodator, Starker or exchange company? In today's video blog, I give you an overview of how this third party fits into your Honolulu 1031 tax deferred exchange.

  • Does AS IS Exempt A Seller From Disclosure?

    In today's video blog, I discuss whether or not selling a property "AS IS" will exempt seller having to tell a buyer about known issues or problems with a property.

  • 1031 Exchange: Replacing Your Mortgage

    In today's video blog, I give you an overview of the issues to be concerned with when completing a 1031 exchange and you have a mortgage on the property that you are exchanging from.

  • More On The 1031 Identification Process

    In today's video blog, I add a few thoughts to keep in mind when identifying a replacement property.

  • 1031 Exchange Time Issues

    A 1031 Exchange is a terrific way to defer your long-term capital gains tax on highly appreciated real estate. In today's video blog, I discuss 3 of the relevant time issues you have to be aware of if you want to complete an exchange.

  • 1031 Don't Make Identifying A Problem

    An important part of a 1031 exchange is the identification of a replacement property. In today's blog, I discuss ways to identify your next property to assure that you remain within the IRS guidelines for your 1031 exchange.

  • 1031 Exchange: Introduction

    In today's video blog, I give you an overview of the Internal Revenue Code Section 1031 Tax Deferred Exchange (1031 or 1031 exchange). This is the first of a series breaking down the 1031.

  • The Distress Property Fallacy

    In today's video blog, I discuss whether or not looking for a distress Honolulu property is the best way to get a good buy.

  • Too Attorney Or Not, That Is The Question?

    In Hawaii, attorneys play a much smaller role in day to day real estate transactions. In today's video blog, I share my experience and a gauge that might help you determine if you should get your attorney in the loop.

  • Are Honolulu Realtors Paid Too Much?

    In today's video blog, I discuss the idea of whether or not Honolulu Realtors are paid too much. Clearly, on the surface, it looks as though our fees are to high, however, when you look deeper there may be a different answer.

  • Deposit? How Much Should It Be?

    In today's video blog, I discuss how much deposit should be made with an offer on a Honolulu home or condominium. I talk about ways a buyer or seller can use the deposit made with the offer to their advantage in the negotiating process.

  • Avoid Problems By Getting Surveyed In Advance

    In today's video blog, I discuss getting your Honolulu home surveyed before you put your home on the market for sale.

  • Sellers Beware Of Addenda To Standard Purchase Contract

    In today's video blog, I discuss how many of Honolulu's real estate companies attach a 2 to 4 page addendum to the Hawaii Association of Realtors Purchase Contract. Many of them contain language that modifies the termite language that could lead to a negative impact on sellers.

  • Low Supply Puts Pressure On Core Honolulu Home Values

    Today's video talks about how Honolulu's overall existing single-family home inventory has not had a significant increase in long time.

  • Honolulu Home Median Prices at $1,000,000?

    A local economist, Paul Brewbaker, is predicting a median price of $1,000,000 for homes on Oahu and in Honolulu by 2020. Today's video blog talks about Mr. Brewbaker's past accuracy and why one should believe him.

  • Why The Holidays Are A Great Time To Sell!

    Today's video discusses the advantages of selling Honolulu real estate during the Thanksgiving and Christmas holiday season.

  • FSBO What You Don't Know Can Cost You BIG!

    If you are selling your house yourself, you may want to consider that what you don't know may cost you significantly more than the money you save by not having a broker involved. Watch video.
  • Why I Sell Real Estate

    In this video blog, I share my reflections on why I sell real estate. When I began in the business, I had certain assumptions and reasons for wanting to succeed in the business. After all of these years, my reasoning has shifted and I really like helping people buy and/or sell homes and condos.

  • Open Houses That Do Work-Contradiction?

    In this video, I share my thoughts on Open Houses. Right when you thought it was safe to get back in the water, I contradict my last blog post regarding the lack of value in open houses.

  • Open House Very Low Percentage Sales Tool

    Watch this video as I share my thoughts on Open Houses that don't work.

  • Two Things That Don't Matter In Pricing Your Honolulu Property

    There are many things that impact the price at which you market your Honolulu house or condominium, but in today's video blog I discuss two things that really don't matter in your price selecting strategy.

  • Honolulu Real Estate Could Stop The Stock Roller Coaster

    It is common knowledge that real estate is not very liquid. However, I see this as a positive because it allows panics to run their course and can help to protect your investment dollars. Watch my video blog.

  • Don't Get Caught Off Guard By HARPTA!

    HARPTA is a law that requires the withholding of 5% of the sales price for sellers that are not residents of Hawaii. In today's video blog, I discuss the process of applying for an exemption from the 5% withholding.

  • Sellers: To Repair Or Not?

    Under Hawaii Law, in the sale of a house or condominium a seller is required to provide a buyer a Seller's Real Property Disclosure Statement (SRPDS). In today's video blog, I discuss whether or not a seller should expect to repair these issues as part of the sale.

  • Not Knowing What You Don't Know Can Be Expensive

    In today's video blog, I discuss how representing yourself in the purchase or sale of a Honolulu home or condo could end up costing you way more than the commission paid to an experienced and professional Realtor.

  • When Does The Negotiation For The Price Of Your Home Begin?

    In this video blog, I discuss when the negotiation for the price of your Honolulu home or condo really begins.

  • If It Doesn't Kill You, Time Is Your Friend!

    Today I talk about when and whether or not you should sell. As I have said before, time can cure many problems with your Honolulu real estate. The question is can you survive to get to the promised land? Here's the video.

  • 1031 Exchange: Should You Close At All Costs?

    When doing a 1031 tax deferred exchange in Honolulu or anywhere else, you need to ask yourself should I close this exchange at any cost? A great deal of thought and information would go into this decision and my video blog today sheds some light on the process.

  • How To Make Disclosures About Your Property

    Today's video blog goes into a few rules for making disclosures in the sale of you Honolulu condominium or house. Here is a copy of the Hawaii Association of Realtors Seller's Real Property Disclosure Statement.

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