Archive for January, 2010

Honolulu Condo For Sale

January 28th, 2010 categories: KU Realty

Here is a Honolulu condo that came on the market overnight.  Feel free to call me, Keahi Pelayo, at 808-398-3220 to discuss any of them; I can represent you as this is listed with another real estate firm.

Honolulu Condos

Lanikea at Waikiki 2 bedroom 2-bathroom, 1,017 square feet interior with a large 93 square foot lanai.  With only 4 units per floor this apartment that was built in 2005 may be just what you need.  $829,000.  CLICK HERE FOR FACT SHEET.hr1001440-6[1]

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Direction of Honolulu Real Estate Foreclosures…Up or Down?

January 28th, 2010 categories: Rants & Riffs, The Market

Which headline concerning foreclosures in Honolulu is correct?

Foreclosures running high-Honolulu Star Bulletin
Honolulu ranks lower in foreclosures-Pacific Business News

Here is what the Star Bulletin reported.

“Although Honolulu finished 2009 with fewer foreclosures per household than the national average, the city’s foreclosure activity increased at more than six times the national pace over the last 12 months and is expected to worsen this year.” CLICK HERE TO READ THE ARTICLE.
Here is what Pacific Business News reported.

“Despite a surge in foreclosures in 2009, Honolulu’s foreclosure rate ranked 128th out of 203 of the nation’s largest metropolitan areas, according to new statistics from RealtyTrac.” CLICK HERE TO READ THE ARTICLE.
Which paper is right? Read both articles and you can see how they are both right.  The one you agree with may be an indication of your mental outlook.  If you agree with PBN, then you may have an optimistic view of the future.  It is the other, the opposite might be true.
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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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Two Honolulu Houses For Sale

January 28th, 2010 categories: For Sellers, Homes For Sale

Here are two listings that have come on the market in the last 24 hours.  Feel free to call me, Keahi Pelayo, at 808-398-3220 if you would like to see any of these Honolulu homes.  These are listed for sale by other companies and I can fully represent your interests.

Honolulu Homes

Kapahulu 5 bedroom 3-bathroom home (CPR).  There is central and there is central!  This home is about a mile from Diamond Head, Kaimuki, Ala Wai Golf Course, Waikiki, Iolani School and more! $699,000. CLICK HERE FOR FACT SHEET.hr1001459-10[1]

Literally a block to the University of Hawaii and about 3 blocks from Punahou.  This 3 bedroom 2.5-bathroom, 1,904 square foot home was built in 1992.  Note that it is part of a CPR.  $825,000.  CLICK HERE FOR FACT SHEET.hr1001393-1[1]

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Honolulu Real Estate Part Of National Momentum

January 28th, 2010 categories: Rants & Riffs, The Market

I write this as I listen to our President’s State Of The Union Speech.  As I have said in past months, Honolulu has been experiencing low levels of inventory and I wonder why the Honolulu real estate market isn’t stronger?  Maybe strength is on the way!  The Wall Street Journal reports the following.

“Inventories of homes listed for sale are down sharply across the U.S. and have reached very low levels in some areas, including Boston and Sacramento, Calif. The decrease in supplies has sparked a return of bidding wars on lower-end properties in some neighborhoods, but the national picture is mixed.” CLICK HERE TO READ THE WALL STREET JOURNAL ARTICLE.

Back to the speech, it sounds good, but it doesn’t square with what has been happening in the last year.  Government is not the answer!  I challenge any of you that are reading this post to think of something that the Federal Government is doing with a high level of excellence (outside of the military and law enforcement).  Why would we give anyone that has not been doing a good job more to do? I believe in the people of the United States.  We need to get Government out of the way and turn the energy and effort of our citizenry to work to get us out of the financial mess we now find ourselves in.

What does this have to do with momentum in the real estate market?  I believe that the market is not stronger because of the unknowns that have been injected into the economy by the President.  If he would just stop yapping (he has given more than 400 speeches in his first year in office), maybe we would start feeling some certainty in our markets and economy. As we gain confidence, so will the market.  Think about it.

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.

Spoken by Keahi Pelayo | Discussion: No Comments »

Two Honolulu Condos For Sale

January 27th, 2010 categories: Condos For Sale, For Buyers

Here are two Honolulu condos that came on the market overnight.  Feel free to call me, Keahi Pelayo, at 808-398-3220 to discuss any of them; I can represent you as they are listed with other real estate firms.

Honolulu Condos

Woodrose Condominium. 2 bedroom and 2-bathrooms.  Located walking distance to Walmart, Ala Moana and Don Quixote.  Needs work.  $358,000.  CLICK HERE FOR FACT SHEET.hr1001380-3[1]

Fairway Manor. Across the street from the Ala Wai Canal, this 2 bedroom 2-bathroom apartment is in a building with only 4 units per floor.  $429,000. CLICK HERE FOR FACT SHEET.hr1001372-1[1]

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Four Honolulu Houses For Sale

January 27th, 2010 categories: For Buyers, Homes For Sale

Here are four listings that have come on the market in the last 24 hours.  Feel free to call me, Keahi Pelayo, at 808-398-3220 if you would like to see any of these Honolulu homes.  These are listed for sale by other companies and I can fully represent your interests.

Honolulu Homes

Build or hold. This 7,200 square foot lot has a 3 bedroom 2-bathroom home for rental income.  It is zoned A-2 and is perfect for a development project.  Central Moiliili location. $980,000. CLICK HERE FOR FACT SHEET.hr1001364-2[1]

Classic Diamond Head 4 bedroom 2.5-bathroom Honolulu home with 2,011 square feet of living area.  Large lot.  $1,495,000. CLICK HERE FOR FACT SHEET.hr1001407-1[1]

Puu Panini 3 bedroom 3.5-bathroom with 3,476 square feet under roof.  12,744 square foot lot. $2,850,000.  CLICK HERE FOR FACT SHEET.hr1001392-4[1]

Waialae Golf Course home on the 12th hole.  5 bedrooms 4-bathrooms 3,205 square feet of house and a 13,614 square foot lot.  $1,888,000.  CLICK HERE FOR FACT SHEET.hr1001374-6[1]

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Three Honolulu Condos For Sale

January 27th, 2010 categories: Condos For Sale, For Buyers

Here are three Honolulu condos that came on the market overnight on Tuesday.  Feel free to call me, Keahi Pelayo, at 808-398-3220 to discuss any of them; I can represent you as they are listed with other real estate firms.

Honolulu Condos

Palolo Gardens studio. New flooring, cabinets, paint and bathroom vanity.  Very close to Kaimuki and University of Hawaii.  $158,000.  CLICK HERE FOR FACT SHEET.hr1001326-1[1]

One of Waikiki’s best, the Waipuna condominium appeals to locals and snow birds too.  948 square feet of 2 bedroom 2-bathroom unit with 1 covered parking stall.  $459,000. CLICK HERE FOR FACT SHEET.hr1001296-3[1]

Marina front Mawaena Kai 3 bedroom 2-bathroom ground floor townhome with 2 parking stalls.  $710,000.  CLICK HERE FOR FACT SHEET.hr1001275-3[1]

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Spoken by Keahi Pelayo | Discussion: 1 Comment »

Two Honolulu Houses For Sale

January 26th, 2010 categories: For Buyers, Homes For Sale

Here are two listings that have come on the market in the last 24 hours.  Feel free to call me, Keahi Pelayo, at 808-398-3220 if you would like to see any of these Honolulu homes.  These are listed for sale by other companies and I can fully represent your interests.

Honolulu Homes

What do you expect for $519,900? This 5 bedroom 3-bathroom Honolulu home is located in Kamehameha Heights (Kam Heights for you “old timers”).  It has 1,722 square feet of living area and sits on 6,005 square feet of land.  Bring your tools and dreams and make this your kuuhale.   CLICK HERE FOR FACT SHEET.hr1001335-1[1]

Manoa retreat. This view home is located on Paty Drive and has 3 bedrooms and 3-bathrooms.  Enjoy the downstairs workshop.  Centrally located to Punahou, University of Hawaii and everything in core Honolulu. CLICK HERE FOR FACT SHEET.hr1001304-1[1]

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Spoken by Keahi Pelayo | Discussion: 1 Comment »

Four Honolulu Condos For Sale

January 25th, 2010 categories: Condos For Sale, For Buyers

Here are four Honolulu condos that came on the market over the weekend.  Feel free to call me, Keahi Pelayo, at 808-398-3220 to discuss any of them; I can represent you as they are listed with other real estate firms.

Honolulu Condos

Wailana at Waikiki. Even though this is a leasehold 2 bedroom with 2-bathrooms, at $230,000 (lh) it seems to be a very good value.  1,180 square feet interior.  CLICK HERE FOR FACT SHEET.hr1001235-3[1]

Sierra Gardens. If you like Kaimuki you will love this 1 bedroom 1-bathroom apartment with one parking stall.  It is literally walking distance to everything that is good about Kaimuki.  $285,000. CLICK HERE FOR FACT SHEET.hr1001199-1[1]

Nuuanu Park Place 3 bedrooms with 2-bathrooms, 975 square feet.  For this price, you will have a hard time finding a better location.  $299,000.  CLICK HERE FOR FACT SHEET.hr1001270-2[1]

Punahou Cliffs. As the name denotes this building is very close to Punahou School.  2 bedrooms and 2-bathrooms with a huge living area of 1,361 square feet.  This building is one of the more elegant to be found in Honolulu.  $679,000. CLICK HERE FOR FACT SHEET.hr1001249-8[1]

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Spoken by Keahi Pelayo | Discussion: 1 Comment »

Common Borrower Mistakes In Honolulu Real Estate

January 25th, 2010 categories: Mortgages & Financing

Over the years, I’ve been able to ‘coach’ people through the loan process.  Some of the issues I discuss usually hover around ‘being mentally prepared’ to make your transaction go smoothly.  Here are the three most common mistakes.

1.  Underestimating the importance of providing accurate & thorough information to your Loan Officer regarding pay stubs, bank statements, deposits & credit items.  Did you know that the bank statements that have ‘the fine print’ are required too?  When it says “8 of 8” pages, provide ALL 8 pages.

2.  Assuming the transaction will go without a ‘hitch’.  Every transaction and every Buyer is unique.  When I hear other Loan Officers telling client’s “this will be a slam dunk”, it literally makes my hair stand up!  Especially in today’s lending environment, don’t trust a lender who says anything about how easy getting a loan is going to be.  Your loan officer needs to anticipate potential issues and work with you to eliminate or manage them to your benefit.  Expect issues (every borrower has them) and work with a proactive lender that will guide you through the process

3.  Shopping for the lowest interest rate.  Most lenders have very similar rates.  You will see and hear of insanely low mortgage rates, but in today’s world your rate is going to be determined by your credit history and income.  Low rates reflected “on-line” and in the newspaper are the lowest possible rate available for the buyer with extremely good credit and high income. Over my many years in the lending business, I have seen many buyers snagged by a promised low interest rate only to find out that for one reason or another they don’t qualify for the lower rate.  Over the last two years, there have been an earth-shaking shifts in the lending process.  My advice is that you select a trustworthy and experienced lender, who works with a large national lender.  The combination of the experience and corporate strength will lead to you getting the home you want and the smoothest possible borrowing experience.

Feel free to call me, Tim O’Leary, at 808-227-1199 to discuss your specific questions concerning a home purchase or refinance of an existing loan.  CLICK HERE TO START THE APPLICATION PROCESS.

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