For Buyers | Honolulu Real Estate Views

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 real estate makes a lot of sense over 10 years

Spoken by Keahi Pelayo | Discussion: No Comments »

Bopped By A Lead Pipe?

May 19th, 2010 categories: For Buyers

If you are buying old Honolulu homes or condos for rehab or remodel, then you want to pay attention to this blog post. Many sources have been reporting new EPA rules regarding working with older paints and products that contain lead. A recent Wall Street Journal article does a really good job of outlining the potential cost issues associated with the changed rules.

“To comply with the new regulation, those working on older sites will need to invest in lead-testing kits, plastic sheeting, respirators, protective clothing and other lead-safety materials.”

“At least one worker involved in such projects will also need to become certified, at a cost of $300 every five years, and pay out-of-pocket for eight hours of training. Those who don’t comply could face fines up to $37,500 a day.”

“But small businesses with limited cash flow, including home-repair providers, property-management firms and even landlords, say that while they support the ruling’s health benefits, they are concerned about its costs.” CLICK HERE TO READ THE ENTIRE ARTICLE

Given the additional cost of abating a lead problem, you will want to budget for determining if there are lead issues in a potential investment. Once they are known, then you can make accurate removal cost estimates, that could be quite substantial, if you have to fully comply with these rules.

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 real estate makes a lot of sense over 10 years

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Improving Tourism-Good Sign For Honolulu Real Estate

May 11th, 2010 categories: For Buyers, The Market

The Honolulu Advertiser is reporting some very good news about the Hawaii tourism market.

“Average statewide occupancy rose to 70.6 percent in March from 65.2 percent a year earlier. Occupancy has increased in six out of the past seven months. But with deep discounting, hotels hadn’t been able to post an increase in revenue per available room — until March.” CLICK HERE TO READ THE ENTIRE HONOLULU ADVERTISER ARTICLE

This is just another bit of good news that points to an improving economy. As markets get healthier, the job market should get well and real estate should move in concert. Combine this good news with good prices and low interest rates and it may be the time for Honolulu home buying fence sitters to buy. Here is a caveat, buy within your means and plan on living in the home for at least 3 years or longer.

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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http://www.vimeo.com/11626892

Spoken by Keahi Pelayo | Discussion: No Comments »

Honolulu Penthouse With Private Elevator

May 10th, 2010 categories: For Buyers, Video For Buyers

Very few people in the world, let alone Honolulu, will have a penthouse like this one! Not only is it nearly 4,300 square feet of New York style loft, but also you will enter via your private glass elevator directly into the flat. Revel in the minimalist, wide-open loft layout, or bring your designer and make this your exclusive one of a kind lair. Located at the gateway to Waikiki, in the Waikiki Landmark condominium, this fabulous apartment is complimented by the detailed and beautiful common areas as well as excellent security.

CLICK HERE TO WATCH THE VIDEO AT YOUTUBE.COM

Price: $1,995,000

Bedrooms: 3

Full Bathrooms: 3

Powder Rooms: 1

Square Footage: 4,286

Covered Parking Stalls: 5

Ceiling Height: Approximately 13 feet

Elevators: One private & two penthouse elevators

Views: Waikiki, Diamond Head, Honolulu city lights, ocean, Koolau mountains, Waianae mountains, Honolulu airport, Manoa, Ala Wai golf course and canal

CLICK HERE FOR AN 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 real estate makes a lot of sense over 10 years

http://www.vimeo.com/11561425

Spoken by Keahi Pelayo | Discussion: 3 Comments »

Call Me A Slimy Opportunist!

May 7th, 2010 categories: For Buyers, Video For Buyers

The stock market craziness of the past few days and even that last few years has made me a true believer in owning Honolulu real estate. My problem with the financial markets is that they have become so complex that they are hard to understand. Good news can make a stock go down and bad news will send it up. Makes no sense to me. Real estate may be boring, but over the long term it can provide exciting returns!

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 real estate makes a lot of sense over 10 years

http://www.vimeo.com/11560645

Spoken by Keahi Pelayo | Discussion: 2 Comments »

Honolulu Real Estate Could Stop The Stock Roller Coaster

May 7th, 2010 categories: For Buyers, Video For Sellers

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. Think about allocating part of your investment strategy to Honolulu real estate.

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 real estate makes a lot of sense over 10 years

Spoken by Keahi Pelayo | Discussion: 1 Comment »

Hawaii Bankruptcies Up

May 4th, 2010 categories: For Buyers, For Sellers, The Market

The Honolulu Advertiser is reporting that Hawaii’s bankruptcies have risen.

“Bankruptcies have risen for three consecutive months as people continue to experience economic problems brought on by unemployment, fewer work hours and problem mortgages. The April number was 56 percent more than a year earlier.” CLICK HERE TO READ THE ENTIRE HONOLULU ADVERTISER ARTICLE

I do some work with a few of the local bankruptcy trustees and they have been sending me more properties to evaluate. Even though the increase in filings looks negative, I believe it is part of the recovery process. People that are over extended can hang on for only so long and once they come to the conclusion that they can’t make it through to the good times, they either let their home go into foreclosure or file bankruptcy. Don’t despair, because toward the end of the article the author leaves us with some good news.

“Hawai’i’s bankruptcy filings per capita traditionally have been one of the lowest in the country but have been rising. Federal court numbers show Hawai’i’s rate last year was fifth lowest, at 2.41 cases per 1,000 population.”

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 real estate makes a lot of sense over 10 years

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Honolulu Foreclosures Up & We’re Still Better Off

May 3rd, 2010 categories: For Buyers, For Sellers, The Market

Pacific Business News is reporting that Honolulu’s foreclosure rate increased by 123% year on year! Nice headline, but read further and you will find that our foreclosure rate is in the bottom half of the 206 surveyed metro areas.

“There were foreclosure filings on 1,564 properties, or one in every 216 households, according to the latest survey by Irvine, Calif.-based RealtyTrac Inc. The number of foreclosures jumped 14.8 percent from the previous quarter.

Honolulu ranked No. 110 for its foreclosure rate in the survey of 206 metropolitan markets in the United States.

Nationally, foreclosure filings grew 16 percent year over year to 932,234, or one in every 138 households. Filings were up 7.2 percent from the fourth quarter of 2009.” CLICK HERE TO READ THE PACIFIC BUSINESS NEWS ARTICLE.

I would rather see the number of foreclosed properties at a much lower level, but my nose tells me we are better off than most places.

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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Spoken by Keahi Pelayo | Discussion: 2 Comments »

More Good News For The Honolulu Market

April 30th, 2010 categories: For Buyers, For Sellers, The Market

“The Honolulu residential real estate market was again among the U.S. markets with the fewest and smallest real estate price drops in April, according to the latest research from real estate search engine Trulia.com.” CLICK HERE TO READ THE ENTIRE STAR BULLETIN 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.

More Video Blogs

Honolulu real estate makes a lot of sense over 10 years

http://www.vimeo.com/11301957

Spoken by Keahi Pelayo | Discussion: 1 Comment »

Is Low Interest Rate Window Closing?

April 29th, 2010 categories: For Buyers, Video For Buyers

I’ve been thinking about interest rates and how low they are now. As I write this it is very possible for qualified buyers in Honolulu to get a 30 year fixed rate loan at an interest rate of 5%. This equates to a monthly payment of $534.59 for every $100,000 you barrow. Below are two comparisons. The first shows you how much of a loan a monthly payment of $534.59 debt service. The second shows how much the monthly payment for barrowing $100,000 is at various interest rates. We are at very low interest rates and if you don’t yet own your home, the window may be closing on this era of low interest rates. This means you might want to buy now. Think about it.

Loan Amounts At A Payment Of $534.59

4% 534.59 $112,350

5% 534.59 $100,000

6% 534.59 $89,611

7% 534.59 $80,822

8% 534.59 $73,432

9% 534.59 $66,938

10% 534.59 $61,425

Loan Payments On $100,000 At Various Interest Rates

4% $100,000 $475.83

5% $100,000 $534.59

6% $100,000 $596.57

7% $100,000 $661.44

8% $100,000 $728.91

9% $100,000 $798.63

10% $100,000 $870.32

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 real estate makes a lot of sense over 10 years