Archive for August, 2009
Owner Financing Can Be A Good Way To Sell Your Honolulu Property
August 31st, 2009 categories: For Sellers
For the right seller of a Honolulu home or condo, owner financing can offer an excellent way to earn a good return the equity in your home and get your it sold. 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. The author spoke with two attorneys and I was surprised at their support for considering making the loan.
“Still, you can’t take the buyer’s word that the bankruptcy occurred just because he took a temporary financial hit. “You have to be skeptical,” says Mr. Leibowitz. To get a full picture, he says, you should first ask the buyer to fill out a Uniform Residential Loan Application, which will detail his income, expenses and assets. Then, find out what type of bankruptcy was filed, and what the terms and requirements are. You can find this for a fee through PACER (Public Access to Court Electronic Records), a service of the United States Judiciary. (You also may want to check out his case at the United States Bankruptcy Court for Northern Illinois.) Finally, with the buyer’s written permission, you should pull his current credit reports; you can get this information, as well as his eviction and criminal history, for a fee on the American Apartment Owners Association Web site.” CLICK TO READ THE WALL STREET JOURNAL ARTICLE.
As a Honolulu Realtor, it my job to consider the ramifications of any offer and, if a seller has enough equity, an owner willing to carry a mortgage can mean good things for everyone involved.
SEARCH FOR YOUR HONOLULU HOME If you would like to discuss your real estate needs, feel free to call me at 808-737-2093 or toll free at 877-737-2093. You can email me at keahi@lava.net.
Seller Financing Can Help Sell Honolulu Homes!
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Flood Insurance Could Drain Your Bank Account
August 26th, 2009 categories: For Buyers, For Sellers
My friend Ed Chu, an insurance agent with ACW Group, emailed me an article concerning possible increases in flood insurance rates for Honolulu properties.
“Many Oahu homeowners and businesses along the south shore from Kaena Point to Koko Head face the potential of paying more than 350 percent in additional flood insurance premiums, under revised federal risk maps.”
CLICK HERE TO READ THE HONOLULU STAR BULLETIN ARTICLE
If you would like to speak with Ed about your insurance needs feel free to call him at 808-535-5082.
If you would like to discuss your real estate needs, feel free to call me at 808-737-2093 or toll free at 877-737-2093. You can email me at keahi@lava.net.
| Discussion: 2 Comments »
U.S. Foreclosures Up, Honolulu Okay
August 25th, 2009 categories: Rants & Riffs, The Market
Forbes online had a post concerning an increase, nationally, in foreclosures.
“One in three new foreclosures between April and June was from a prime, fixed-rate loan, up from one in five a year earlier. Last year, subprime adjustable-rate loans caused the largest share of foreclosures.”
CLICK HERE TO READ THE ENTIRE FORBES POST.
However, I have not seen any evidence that core Honolulu is experiencing a significant increase in the number of foreclosures.
If you would like to discuss your real estate needs, feel free to call me at 808-737-2093 or toll free at 877-737-2093. You can email me at keahi@lava.net.
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Pictures Essential To Selling Honolulu Homes
August 24th, 2009 categories: For Sellers
A photo is worth a thousand words (wish I would have been the one to coin this phrase). 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 an article last Friday. Read the rest of this entry »
| Discussion: 1 Comment »
Hawaii Unemployment Rate Drops
August 21st, 2009 categories: Rants & Riffs
Here is an interesting article on Hawaii’s unemployment rate.
If you would like to discuss your real estate needs, feel free to call me at 808-737-2093 or toll free at 877-737-2093. You can email me at keahi@lava.net.
| Discussion: 1 Comment »
Is Accushow Really The Best Show?
August 20th, 2009 categories: For Sellers, Rants & Riffs
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. Read the rest of this entry »
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The Fishing Was Good!
August 19th, 2009 categories: Rants & Riffs
Just returned from fly fishing in northern California and thought some of you might enjoy this picture. Note that the fish was not harmed in taking the picture.
| Discussion: 2 Comments »
Housing Start News Good For Honolulu Real Estate
August 19th, 2009 categories: The Market
A post Calculated Risk” has a really good view of housing starts and their meaning to a bottoming market.
“I started this year looking for the bottom in single family housing starts (and I think the bottom is in), but I expect the recovery to be sluggish because of all the excess housing units, and also because of the ongoing decline in the homeownership rate.”
CLICK HERE TO READ THE ARTICLE
If we are at a bottom, it may be a good time to buy and we should see things improving for Honolulu sellers of real estate.
SEARCH FOR YOUR HONOLULU HOME
If you would like to discuss your real estate needs, feel free to call me at 808-737-2093 or toll free at 877-737-2093. You can email me at keahi@lava.net.
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Pricing Your Honolulu Home
August 18th, 2009 categories: For Sellers
The Wall Street Journal has a terrific article on pricing your home to get it sold.
“All you really need to do is to concentrate on what’s happening in an area within about one mile of your home (or a bit farther if you live in a large-lot or rural area).”
SEARCH FOR YOUR HONOLULU HOME
If you would like to discuss your real estate needs, feel free to call me at 808-737-2093 or toll free at 877-737-2093. You can email me at keahi@lava.net.
| Discussion: 1 Comment »
Housing Inventory Drops
August 17th, 2009 categories: The Market
Good news from the Wall Street Journal.
“The number of homes listed for sale declined again in many U.S. cities last month as bargain hunters continued to search for foreclosed properties.”
CLICK HERE TO READ THE ENTIRE WALL STREET JOURNAL ARTICLE
If you would like to discuss your real estate needs, feel free to call me at 808-737-2093 or toll free at 877-737-2093. You can email me at keahi@lava.net.
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