For Buyers | Honolulu Real Estate Views

Overview Of Buying A House or Condo For Your College Bound Student

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

Are Realtors Paid Too Much?

Spoken by Keahi Pelayo | Discussion: No Comments »

Using College Housing Costs To Buy

April 26th, 2010 categories: For Buyers, Video For Buyers

In today’s video blog, I discuss the idea of using the money you might pay for room and board at college to buy a home or condominium. The goal is to put the dollars you would be sending to the college to work for you and your future. Remember that $550 per month will cover the payments approximately $100,000 in mortgage. Depending on the market your son or daughter is entering, you may be able to buy something that, with roommates, will work. Think about it.

http://www.vimeo.com/11242567

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 »

Is The Honolulu Real Estate Market On The Rise?

April 26th, 2010 categories: For Buyers, For Sellers, The Market

We Realtors feel moves in the market before they are reported and it was good to see confirmation of increased sales activity in an article written at the New York Times on-line.

“Over all, the sales of new single-family houses in March were up nearly 27 percent at a seasonally adjusted annual rate of 411,000 units, the Commerce Department reported. The increase, which was against a revised rate of 324,000 for February, exceeded expectations.” CLICK HERE TO READ THE ENTIRE NEW YORK TIMES ARTICLE

Based on the activity in the market and on my listings, I believe the April statistics are going to show an increase in sales in Honolulu homes and condos. It seems to be focused in market segments that are of interest to local buyers, however, I am seeing more interest from off island buyers too. Have we seen increasing prices? The short answer is yes…in most cases, however, there are some areas and buildings that have yet to seen incremental appreciation. Overall, I think the market has bottomed and heading toward higher prices.

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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Is Number One, Really Number One?

April 19th, 2010 categories: For Buyers, For Sellers, Video For Buyers, Video For Sellers

Even though I sell real estate in Honolulu, no matter where I am (Oahu included), it always seems that there is more than one agent that claims to be the “number 1” agent or top producer in a given market. So how can this be? If you could identify the top Realtor in your area of interest should you work with them? In today’s video blog, I discuss 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. I finish by sharing a few simple guidelines that will help you pick the agent that is going to work out best for you.

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

Spoken by Keahi Pelayo | Discussion: No Comments »

Spike In Honolulu Home Prices Coming?

April 16th, 2010 categories: For Buyers, For Sellers

Honolulu real estate is not complicated; in fact, it goes back to economics 101 (remember supply and demand?)! Anyway, in my opinion, the 2009 slowing in core Honolulu real estate sales had more to do with fear than too many homes for sale. Add to this the lack of new construction and tight commercial financing and there may be short to mid-term pressure on existing home and condo prices. A recent article in the Honolulu Advertiser confirms this.

“Hawai’i home sales volume has been rising for nearly a year, but the pipeline to produce new homes is at a more than 30-year low, leading a local economist to warn that a price spike could be in the making.”

“Around 4,000 new homes are needed to satisfy household formation, the local economist said, adding that if home construction doesn’t pick up it could lead to a short supply that drives another spike in prices.” CLICK HERE TO READ THE ENTIRE HONOLULU ADVERTISER ARTICLE

Here is the question, how can you take advantage of this potential upward pressure on values? For buyer’s, buy now and lock-in low interest rates and values. For sellers, if you can wait, waiting to sell for the next 3 to 5 years may position you to take advantage of a spike in values.

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

Are Realtors Paid Too Much?

Spoken by Keahi Pelayo | Discussion: No Comments »

Betting On Lower Foreclosures For Honolulu

April 16th, 2010 categories: For Buyers, For Sellers, The Market

Pacific Business News is reporting an increase in the number of foreclosures in Hawaii.

“That was 111 percent higher than the first quarter of 2009, but just 1.42 percent higher than the fourth quarter of 2009.

Nationally, there were foreclosure filings reported on 932,234 properties in the first quarter, or one in every 138 housing units, 16 percent higher than the first quarter of 2009 and 7 percent higher than the previous quarter, RealtyTrac said.” CLICK HERE TO READ THE ENTIRE PBN ARTICLE

Before you launch your life boat, when the numbers are looked at more closely, Hawaii is underperforming the national market (this is good). Note that Hawaii’s rate of foreclosure increased by 1.42% as compared to the last quarter and the national increase was 7% higher! I wish the report would have broken out the foreclosure rates on an island by island, as I would wager that the Honolulu real estate market has experienced a decrease in filings. As soon as I find the evidence, I will post the answer. Let’s hope I don’t lose.

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