Honolulu Real Estate Views » For Sellers

Don’t Assume Your Insurance Will Cover Your Loss!

Keahi Pelayo — Mon, 05 Dec 2011 17:00:45 +0000

Great article at the Wallstreet Journal talks about the impact of language in your Homeowners insurance policy.

“Home-insurance policies are pretty much the same, and carriers compete on the basis of price and service—right? Believe those two myths and you might wind up paying dearly.” To read more CLICK HERE

Based on this article, it may be prudent to have your home insurance policy reviewed by your attorney.

Why The Holidays Are A Great Time To Sell!

Keahi Pelayo — Thu, 10 Nov 2011 22:11:26 +0000

Today’s video discusses the advantages of selling Honolulu real estate during the Thanksgiving and Christmas holiday season.
Click here to view the embedded video.
Feel free to email me at keahi@lava.ent or call me at 808-398-3220.

FSBO What You Don’t Know Can Cost You BIG!

Keahi Pelayo — Tue, 08 Nov 2011 00:43:57 +0000

If you are selling your house yourself, you may want to consider that what you don’t know may cost you significantly more than the money you save by not having a broker involved. Watch today’s video and get a fine example of what you might not know.

Click here to view the embedded video.

Call me at 808-398-3220 or email me at keahi@lava.net if you would like to discuss your situation.

1031’s and TIC’s…No Not The Bugs!

Keahi Pelayo — Wed, 02 Nov 2011 21:43:24 +0000

The Wall Street Journal’s Jason Zweig gives a great history and the down falls of investing in institutional Tenant-In-Common interests in commercial real estate.

“In the cycle of investment life—boom, bust and aftermath—the lessons only become clear after it’s too late.” CLICK HERE TO READ THE ENTIRE ARTICLE.

Email me or call me if you would like to discuss a more practical 1031 Tax Deferred Exchange.

Buyers Of Hawaii Oceanfront Properties Beware!

Keahi Pelayo — Mon, 16 Aug 2010 16:36:42 +0000

If you are thinking about buying an oceanfront home or parcel be sure to do your homework. There has always been a large set back from the waterfront property line and determining the location of this mark has required a Special Management Area (SMA) survey. The Honolulu StarAdvertiser is reporting a clarification and change in the SMA Rules.

“The proposed change would establish the setback line about 40 feet from the certified shoreline, plus 70 times the average annual coastal erosion rate. The city and University of Hawaii is working on establishing that rate, said Samuel Lemmo, administrator for the state Office of Conservation and Coastal Lands, which oversees about 2 million acres of private and public lands in the state Land Use Conservation District.” CLICK HERE TO READ THE ENTIRE ARTICLE

Given the importance of determining the certified shoreline, BEFORE CLOSING AN OCEANFRONT SALE, a buyer should get a valid and approved SMA survey on any ocean front property. If you don’t get it or decide to make improvements on your lot, you may are exposing yourself to serious penalties and problems. Ironically, a few days after the article above was posted, The Maui News posted an article about the largest fine ever paid for violating SMA rules.

“The largest fine for shoreline setback encroachments ever imposed by Maui County was approved as part of a settlement agreement by the Maui Planning Commission on Tuesday. Larry and Sara Dodge, of Rancho Santa Fe, Calif., and Makena, will pay $65,000 to settle four county violations, remove a wall and seek after-the-fact permits for repairs done to their deck.” CLICK HERE TO READ THE ENTIRE ARTICLE

If you are a seller of an oceanfront property, it is a good idea to get your SMA survey in advance. This way you can show the buyer exactly where the line is and where they can place the home they want to build. Furthermore, because getting the survey can take a few years, getting it up front will save time and head ache.

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.

More Video Blogs

Keahi’s Resume

Honolulu Real Estate Is A Good Investment

Why A Buyer Shouldn’t Buy

Honolulu Home Median Price of $1,000,000

Buying more might make your retirement better

Sellers Get Your Surveys In Advance

Are Realtors Paid Too Much?

Get It Right! Call It A Purchase Contract!

Keahi Pelayo — Wed, 23 Jun 2010 20:03:20 +0000

I’ve been in the real estate business since 1983 and for most of that time the contract in Hawaii was called a DROA, however, the name has changed and it is import for you to be sure that your contract uses the new name.

Click here to view the embedded video.

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.

More Video Blogs

Keahi’s Resume

Honolulu Real Estate Is A Good Investment

Why A Buyer Shouldn’t Buy

Honolulu real estate makes a lot of sense over 10 years

How To Make Disclosures

Buying more might make your retirement better

2010 Better Year To Sell Than 2011?

Keahi Pelayo — Mon, 07 Jun 2010 21:08:07 +0000

If you are considering selling a Honolulu home or condominium that you have owned for a longtime, then 2010 may be a better year for you to sell than 2011. Economist Arthur Laffer wrote an opinion piece in today’s Wall Journal Street Journal online that talks about the impact of not renewing the Bush tax cuts by the end of the year.

“On or about Jan. 1, 2011, federal, state and local tax rates are scheduled to rise quite sharply. President George W. Bush’s tax cuts expire on that date, meaning that the highest federal personal income tax rate will go 39.6% from 35%, the highest federal dividend tax rate pops up to 39.6% from 15%, the capital gains tax rate to 20% from 15%, and the estate tax rate to 55% from zero. Lots and lots of other changes will also occur as a result of the sunset provision in the Bush tax cuts.”

CLICK HERE TO READ THE ENTIRE WALL STREET JOURNAL ARTICLE

If Congress and the President don’t renew these cuts, you are looking at a minimum of a 33% increase in the capital gains tax! If the State of Hawaii increases the Hawaii capital gains tax, you could experience a huge tax hit on highly appreciated real estate. Here’s my point, given the relative strength of the Honolulu real estate market and the potential increase in capital gains taxes, it may take several years of additional market appreciation to net the same amount of money you could get by selling in 2010. 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.

More Video Blogs

Keahi’s Resume

Supply Of Honolulu Homes

Sellers Get Your Surveys In Advance

Are Realtors Paid Too Much?

Why Some Honolulu Homes Don’t Sell

Keahi Pelayo — Fri, 21 May 2010 18:57:31 +0000

Almost everyday, I see Honolulu homes and condos that were listed for sale come off the market because time has run out on the listing contract. In real estate jargon this is called an expired listing. One of the main reasons listings expire is because the listing was priced too high. In today’s video blog I focus on two other important reasons that contribute to homes not selling.

Click here to view the embedded video.

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.

More Video Blogs

Honolulu Real Estate Is A Good Investment

Why A Buyer Shouldn’t Buy

Supply Of Honolulu Homes

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

Sellers Beware Of Company Addenda

Sellers Get Your Surveys In Advance

Are Realtors Paid Too Much?

Open Houses That Do Work-Contradiction?

Keahi Pelayo — Tue, 18 May 2010 15:51:07 +0000

Right when you thought it was safe to get back in the water, I contradict my last blog post regarding the lack of value in open houses. Believe it or not, there are open houses that are important to do when you are selling your Honolulu home or condominium. In Honolulu, the brokers open house is on a Wednesday or Thursday morning and, as the name states, it this is when you open your home to real estate brokers and agents. The reason this technique works so well is because it allows brokers that have a potential buyer for your type of property to determine if it is the right fit for their client. A focused and disciplined agent may be able to see 8 to 10 homes on a given morning, so agents will inspect homes that they believe may work for a given buyer. Thus, the brokers that do see your home are high quality leads and many times I see them at a by appointment showing with a client the week following the brokers open house. So, open houses do work, but not the ones that most people are used to.

Click here to view the embedded video.

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.

More Video Blogs

Keahi’s Resume

Honolulu Real Estate Is A Good Investment

Why A Buyer Shouldn’t Buy

Supply Of Honolulu Homes

Honolulu Home Median Price of $1,000,000

Honolulu real estate makes a lot of sense over 10 years

How To Make Disclosures

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

Open House Very Low Percentage Sales Tool

Keahi Pelayo — Mon, 17 May 2010 16:13:43 +0000

If you are selling your Honolulu condo or home, you may be wondering where public Sunday open houses fit into the marketing effort for your property. Call me controversial, but I don’t think you should pin much of your hopes for a sale on them. Most experienced brokers know that the odds are very, very low that the buyer for your home will come from this marketing technique.

Then why do some brokers continue to do open house after open house? Here’s the truth, open houses are great places to meet buyers, but not for your home though. Statistics show that 99% of the buyer that walk into an open house will not find your home to meet their needs. However, for brokers that do ongoing open houses, your home becomes a great place to find buyers that they can sell other houses. Good for them, bad for you. Here’s my advice, get your home priced right and make it very easy to show for by appointment showings to qualified, pre-screened candidates. Use your Sundays for resting and relaxing.

Click here to view the embedded video.

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.

More Video Blogs

Keahi’s Resume

Honolulu Real Estate Is A Good Investment

Why A Buyer Shouldn’t Buy

Supply Of Honolulu Homes

Honolulu Home Median Price of $1,000,000

Honolulu real estate makes a lot of sense over 10 years

How To Make Disclosures

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

Are Realtors Paid Too Much?