Archive for the 'For Buyers' Category
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 Is A Good Investment
Honolulu Home Median Price of $1,000,000
Honolulu real estate makes a lot of sense over 10 years
Buying more might make your retirement better
| 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
http://www.vimeo.com/11301957If 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 Is A Good Investment
Honolulu Home Median Price of $1,000,000
Honolulu real estate makes a lot of sense over 10 years
Under New Rules-Lenders Even More Important
Sellers Get Your Surveys In Advance
| Discussion: 3 Comments »
Key To College Investment-Plan First
April 28th, 2010 categories: For Buyers, Video For Buyers
This is the third in my series on buying a home or condo at college for you child to reside in while they are attending school. Though this post focuses on planning a college acquisition, it really pertains to buying almost any piece of Honolulu real estate. Whether you are investor or buying a home or condo for you own use, it is always good to determine when you plan on selling and then determining a contingency plan if you are not able to sell as planned.
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
College Housing Buying Caveats
Overview Of Buying A House or Condo For Your College Bound Student
Honolulu Real Estate Is A Good Investment
Honolulu Home Median Price of $1,000,000
| Discussion: No Comments »
College Condo & House Buying Caveats
April 27th, 2010 categories: For Buyers, Video For Buyers
Today’s video blog augments yesterday’s by talking about a few parameters to implement when considering buying your college bound student a college housing unit. Toward the end of the video I discuss one issue specific to a purchase in Honolulu. Be sure to watch the video if you are considering this option.
http://www.vimeo.com/11269623If 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
Overview Of Buying A House or Condo For Your College Bound Student
Honolulu Real Estate Is A Good Investment
Honolulu Home Median Price of $1,000,000
Honolulu real estate makes a lot of sense over 10 years
Buying more might make your retirement better
Under New Rules-Lenders Even More Important
Sellers Beware Of Company Addenda
Sellers Get Your Surveys In Advance
| 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/11242567If 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 Is A Good Investment
Honolulu Home Median Price of $1,000,000
Honolulu real estate makes a lot of sense over 10 years
Buying more might make your retirement better
Under New Rules-Lenders Even More Important
Sellers Beware Of Company Addenda
Sellers Get Your Surveys In Advance
| 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.
More Video Blogs
Honolulu Real Estate Is A Good Investment
Honolulu Home Median Price of $1,000,000
Honolulu real estate makes a lot of sense over 10 years
Buying more might make your retirement better
Under New Rules-Lenders Even More Important
Sellers Beware Of Company Addenda
Sellers Get Your Surveys In Advance
| Discussion: No Comments »
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.
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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.
More Video Blogs
Honolulu Real Estate Is A Good Investment
Honolulu Home Median Price of $1,000,000
Honolulu real estate makes a lot of sense over 10 years
Buying more might make your retirement better
Under New Rules-Lenders Even More Important
Sellers Beware Of Company Addenda
Sellers Get Your Surveys In Advance
| 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 Is A Good Investment
Honolulu Home Median Price of $1,000,000
Honolulu real estate makes a lot of sense over 10 years
Buying more might make your retirement better
Under New Rules-Lenders Even More Important
Sellers Beware Of Company Addenda
Sellers Get Your Surveys In Advance
| 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 Is A Good Investment
Honolulu Home Median Price of $1,000,000
Honolulu real estate makes a lot of sense over 10 years
Buying more might make your retirement better
Under New Rules-Lenders Even More Important
Sellers Beware Of Company Addenda
Sellers Get Your Surveys In Advance
| Discussion: No Comments »
Maui Home Sales Good Sign For Honolulu Real Estate
April 14th, 2010 categories: For Buyers, For Sellers, The Market
The Honolulu Advertiser is reporting strong house and condominium sales for the island of Maui.
“Home sales on Maui last month rose strongly, though median prices were mixed, according to the Realtors Association of Maui.” CLICK HERE TO READ THE ENTIRE HONOLULU ADVERTISER ARTICLE.
Why should people interested in Honolulu real estate care about what happens on Maui? Read the rest of this entry »
| Discussion: 1 Comment »
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