Mililani Mauka 3 Bedroom! $599,000

Here is a terrific new listing.  Call me at 808-398-3220 to see it.  Enjoy the video!

YouTube Preview Image

Spoken by Keahi Pelayo | Discussion: No Comments »

Honolulu Real Estate Market Update

Here is a quick overview of my perceptions concerning the condition and direction of the Honolulu real estate market.

http://www.vimeo.com/31169476

Call me at 808-398-3220 or email me at keahi@lava.net if I can help you.

Spoken by Keahi Pelayo | Discussion: No Comments »

Rarely Available Crosspointe Townhome

Park living in a gated community central to everything important in the Honolulu, Aiea, Pearl City and Moanalua areas.  This is the most desired model in the Crosspointe Condomium development.  A two-story corner end townhome with central air conditioning (very unusual), this home is located in a very private and secluded location.

YouTube Preview Image

Price:  $425,000

Street: 284 Mananai Place, 3H, Honolulu, HI 96818

Bedrooms:  2

Baths:  2.5

Interior Area: 1,005 square feet

Lanai Area (Patio): 210 square feet

Total Area:  1,225 square feet

Parking: 1 covered stall

Other parking: Guest parking throughout Crosspointe

Maintenance fees:  $458

Condition: Excellent, very clean and ready for you to move in now.

High School: Redford

Middle School: Aliamanu

Elementary School: Makalapa

CLICK HERE FOR A COPY OF THE MLS INFORMATION SHEET

CLICK HERE THE CURRENTLY AVAILABLE BAH AMOUNTS

Call me at 808-398-3220 or email me at keahi@lava.net and let’s set a time for you to see it.

Spoken by Keahi Pelayo | Discussion: No Comments »

Honolulu Baby Boom!

Pacific Business News is reporting a baby boom!  Nice to know I was just seeing things.

“There were 122,222 babies born in Honolulu between 2000 and 2009, compared to 59,029 deaths.”
CLICK HERE TO READ THE ENTIRE ARTICLE

Spoken by Keahi Pelayo | Discussion: 1 Comment »

If You Want To Be Healthy, Move To Honolulu

The Honolulu Advertiser is reporting that Oahu is the healthiest place in Hawaii to live.  If the weather, economy and life style weren’t enough, now you shouldn’t have any excuses for not packing up and moving to Honolulu!

“O’ahu is the healthiest place to live in Hawai’i, according to a new report that ranks the overall health of counties throughout the nation.” CLICK HERE TO READ THE HONOLULU ADVERTISER ARTICLE

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.

Spoken by Keahi Pelayo | Discussion: No Comments »

U.S. Foreclosures Up, Honolulu Okay

Forbes online had a post concerning an increase, nationally, in foreclosures.

“One in three new foreclosures between April and June was from a prime, fixed-rate loan, up from one in five a year earlier. Last year, subprime adjustable-rate loans caused the largest share of foreclosures.”
CLICK HERE TO READ THE ENTIRE FORBES POST.

However, I have not seen any evidence that core Honolulu is experiencing a significant increase in the number of foreclosures.

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.

Spoken by Keahi Pelayo | Discussion: No Comments »

Home Valuation Code of Conduct

As of May 1, 2009, new rules have been put in place to try to curb pressure on appraisers to arrive at higher values for properties. With all the issues arising from the sub-prime mortgage mess, at first blush, it sounds like a really good idea.  However, like most things done by the Government, this appears to be taking a shotgun to kill a fly.  CNBC reports the following.

“But don’t talk to an appraiser or a mortgage broker about it, or you’ll get an earful. Most of them claim it was crammed down the collective throat of Fannie and Freddie by the very powerful Mr. Cuomo, and that it puts good solid appraisers out of business, complicates the loan process for mortgage brokers, and inevitably hurts consumers.
CLICK HERE TO READ THE CNBC POST

Here is the reality.  By not allowing communication with an appraiser, the new rules are hurting consumers.  There is no absolute market value for a particular Honolulu home or condominium, there is an upper and lower range of value.  If an appraiser is not familiar with an area or if their value cannot be questioned, then low appraisals could end up blowing perfectly good sales.  Most sales are subject to the buyer and property qualifying for the financing, so if the appraisal leads to a cancellation of a sale the majority of buyers should be able to cancel the sale and have their deposit returned.  But the buyer will have spent money on a professional inspection ($300-$500), appraisal ($500) and other fees associated with the process of buying a home.  Upon cancellation these fees will not be returned.  Add to this the emotional cost of falling in love with a home and the three to four weeks to find out that the appraisal went badly, and I think there needs to be modifications made to the Home Valuation Code of Conduct.

CLICK HERE TO SEARCH FOR YOUR NEW 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.

Spoken by Keahi Pelayo | Discussion: 2 Comments »

Disclose, Disclose, Disclose in Honolulu Real Estate

Buyer beware? Not really, a recent Realtor Journal article walked through some very good guidelines Sellers and Broker/Agents should follow regarding disclosures concerning the background and condition of a home or condominium.  Below is a modified version of the 8 rules advocated by the Realtor Journal. Read the rest of this entry »

Spoken by Keahi Pelayo | Discussion: 1 Comment »

Dropping Inventories Good For Real Estate?

The Honolulu Advertiser reported “Wholesalers cut their inventories in February by the steepest amount in more than 17 years”. This has to be good for the economy and as the economy improves the Honolulu real estate market should follow.

“The sixth straight monthly drop in wholesale inventories also can be viewed as positive in the long-term because once stockpiles have been adjusted for the economic slowdown, businesses may be able to increase orders for new goods. But in the short run, the reductions will lead to fewer orders and less production.”
CLICK HERE TO READ THE ENTIRE HNA ARTICLE

Call me an optimist, but it makes sense to me that as inventory drops manufacturers will need to build more stuff.  In order to build more stuff, they will have to hire more people.  As jobs are created and more stuff is built, then the economy should shift?  Let’s all work toward making this happen.

CLICK HERE TO SEARCH FOR YOUR NEW 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.

Spoken by Keahi Pelayo | Discussion: 2 Comments »

Honolulu Population Growth

According to the Census Bureau, Honolulu’s population grew from 900,525 to 905,034 people from July of 2007 to the same in 2008.  Though it is a small amount of growth, it sure beats the shrinkage I hear some other states are experiencing.

CLICK HERE TO READ A PBN ARTICLE ON THE SUBJECT

CLICK HERE TO SEARCH FOR YOUR NEW 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.

Spoken by Keahi Pelayo | Discussion: No Comments »

« Previous Entries

Copyright © 2007 Honolulu Real Estate Views     Agent Login     Design by Real Estate Tomato     Powered by Tomato Blogs

Add to Technorati Favorites Directory of Real Estate Blogs Real Estate