Archive for the 'KU Realty' Category
Not The Pirate Code!!!
August 12th, 2008 categories: For Buyers, For Sellers, KU Realty
I am a Realtor. I am sure you have seen the advertisements, but I am not going to assume that you know why there is an advantage to working with a member of the National Association of Realtors (NAR). Sure, we all sell real estate, but what binds NAR is our Code of Ethics (the Code). The 17 terms in the Code provide a set of standards all Realtors agree to play by. In my opinion, the vast majority of Realtors which I have worked with take these standards to heart. For the few that don’t, the Code creates the mechanism through local Boards of Realtors to ensure that standards are met. I thought you would like to know. CLICK HERE TO SEE THE CODE.
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Reasons To Sell Your Honolulu Real Estate-1031 Exchange
April 16th, 2008 categories: KU Realty
Before you consider an IRC Section 1031 Tax Deferred Exchange you will want to seek counsel from your financial advisor, CPA, accountant, attorney and qualified experts in 1031 Exchanges.
After all of my chatter about the value of owning Honolulu real estate, I’ll bet you’re wondering, “Why should anyone ever sell something they own in Honolulu?” And my answer is, the only reason to sell is if you have something better to do with the money or if you can do something with it that is more meaningful to you. I will spend the next few months writing blogs about “Reasons To Sell Your Honolulu Real Estate”. This blog is the first of what will be many installments in this series.
Let’s assume that you live in the outside Hawaii and have owned a property here for the past 20 to 30 years. You were stationed here with the military, your career brought you or you are someone who grew up here. In any case, you don’t see yourself moving back to Honolulu and you have all of this equity built up in your piece of the rock. Homes in Honolulu can easily be $1,000,000 and condos can cost $500,000. If you sell, you are looking at a combined State of Hawaii and federal capital gains rate as high as 22.25% of you long term gain. Read the rest of this entry »
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