Archive for October, 2009
Solid Straight Scoop On Honolulu Real Estate Stats
October 6th, 2009 categories: For Buyers, For Sellers, The Market
Pacific Business New has to be the best new source in Hawaii. Don’t get me wrong, they may not have as much news as other newspapers, but I appreciate their ability to play it the old fashion way. The deliver who, what, where, when and why without adding an editorial voice. In other words, they play it straight up! This month’s assessment of the most recent set of Honolulu real estate market statistics is no different.
“There were 244 single-family homes sold on Oahu in September, 13.5 percent more than the 215 homes sold during the same month in 2008, according to the Honolulu Board of Realtors.”
CLICK HERE TO READ THE ENTIRE PBN 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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Honolulu Condo Sale Lessons
October 6th, 2009 categories: Condos For Sale, For Buyers, For Sellers
Every property I sell has lessons to be learned and a Honolulu town home KU Realty just closed on Friday had a few. The property in question was a 3-bedroom 2.5 bathrooms, 1,179 square foot town home in Hawaii Kai development of Nanea Kai. The unit was clean and in original condition and backed up to Hawaii Kai Drive near a busier intersection. Here are a four lessons.
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What Happens To You When Your Landlord Is Foreclosed?
October 5th, 2009 categories: For Buyers, Mortgages & Financing
I am an advocate of home ownership and am always looking for reasons to own a home in Honolulu rather than renting it. Last week’s Wall Street Journal online had an interesting Q and A regarding your rights if a landlord should happen to be foreclosed on while a home or condo is rented to you. Read the rest of this entry »
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A Bath With A View
October 5th, 2009 categories: For Buyers, Homes For Sale
Imagine you evening bath over looking the ocean and sunset! This Honolulu home can be found on the the slopes of Diamond Head and it can be yours for $5,695,000.
CLICK HERE FOR A COPY OF THE MLS FACT SHEET
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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Honolulu Home Sells For $20,000 More Than List Price
October 5th, 2009 categories: For Sellers, Homes For Sale, The Market
I saw this Saint Louis Heights (a desirable Honolulu neighborhood) home come up for sale and thought it was a pretty good buy. It took 13 days to sell and the price was moved from $650,000 to $670,000! Who said the market is bad?
CLICK HERE FOR A COPY OF THE MLS FACT SHEET
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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National Pending Sales Good For Honolulu Home Sellers
October 2nd, 2009 categories: For Buyers, For Sellers, The Market
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. Read the rest of this entry »
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Beautiful Honolulu Home & Save Big On Tuition!
October 2nd, 2009 categories: For Buyers, Homes For Sale
I saw this home in Honolulu Wednesday. Pictures don’t do it justice. Built in 2005, it feels like it was completed yesterday. Perfect for an extended family or someone looking for additional rental income from the separate 1 bedroom 1 bath located over the 2-car garage. The following are the details on the home. Read the rest of this entry »
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Distressed Honolulu Homes, Are They Really The Best Buy?
October 2nd, 2009 categories: For Buyers, The Market
The Wall Street Journal has an interesting article on buying distressed homes.
“Seth and Crystal Grotzke, both 25 years old, recently bought a bank-owned two-bedroom, two-bathroom townhouse in Edina, Minn., for $110,000—when similar homes in the same development were selling for as much as $131,000. But exactly one day before the scheduled July closing, the Grotzkes learned there was a second, unpaid mortgage. Because of the foul-up, the couple was forced to live in Mr. Grotzke’s boss’s basement for more than a month. They finally closed on Aug. 31.” CLICK HERE TO READ THE ENTIRE WALL STREET JOURNAL ARTICLE.
Before you buy a foreclosure or REO, here are five things to consider. Read the rest of this entry »
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FHA Is Key To Low Down Honolulu Home Buyers
October 1st, 2009 categories: For Buyers, For Sellers, Mortgages & Financing
The Federal Housing Administration (FHA) residential loan programs are the last low down loan programs available for non-veteran barrowers. The maximum loan available for a Honolulu home or condo is $793,750 and a buyer can put as little as 3.5% down. Compare that to a 10% down payment requirement under current conventional loans. Forbes has an interesting article talks about recent growth in the use of FHA loans.
“During the current recession, the New Deal-era FHA’s share of government underwritten mortgage business in the U.S. has surged to 23%, despite increasing concern about asset quality and potential losses. Following its report, there are fears that the FHA’s financial woes could necessitate a significant injection of government funding.”CLICK HERE TO READ THE FORBES ARTICLE
If you don’t think you have enough cash on hand to meet current down payment requirements, think again! The use of an FHA loan and proper planning can get you into your new home with very little cash out of your pocket.
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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What Does $10,000,000 Buy In Honolulu?
October 1st, 2009 categories: For Buyers, Homes For Sale
There are gated projects that I have always wanted to investigate and today I had a chance to look at one that I have been following for the last few years. Developed in 2006, there is a cluster of three homes directly on the oceanfront, on Diamond Head Road and the developer has finally put a unit he was holding on the market. A fabulous location plus a huge lot and lots of square footage under roof make this worth every bit of the $9,900,000 that is being asked. Here are more details of the home.
Price: $9,900,000
Part Of Town: Diamond Head on the water
Street: Diamond Head Road, Honolulu, 96815
Bedrooms: Three (3)
Bathrooms: Three and a half (3.5)
Lot Size: 18,019 square feet (.414 acres)
Interior Square Footage: 5,752
Lanai Square footage: 185
Parking: Separate detached 2-car garage, plus 2 additional stalls
Maintenance Fee: None
Condition: Very, very nice…did I say very nice?
CLICK HERE FOR A MLS FACT SHEET
This home has a level of privacy that is hard to find in a Honolulu home. Everything about it was built and finished in the best possible way: Vaulted ceilings; Ohia wood; Limestone flooring; a rolling lawn; beautiful rock walls; pool and spa; and much more. This home is close to everything in Honolulu. If you want the best weather on Oahu and a premier location, this is it. Please note that this home is not listed by my firm.
Feel free to email me at keahi@lava.net or call me at 808-398-3220, if you have any questions or would like more pictures of the condominium.
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