Hawaii Real Estate News

May 16, 2011

Do You Know About FSBO And Selling Your Home Yourself?

People trying to sell their homes by themselves should get acquainted with FSBO selling if they want a successful sale. People are always trying to save money whenever possible. They don't like spending their money on real estate commissions if it's not absolutely necessary. Most people don't see FSBO as being an opportunity for them. They don't even make the effort to look into it enough to see how it can help them through the process of selling their homes.

 

Many people are afraid to sell a home by themselves, mainly due to all the 'unknowns' involved. They think they'll mess it up. There are lots of reasons for them to doubt themselves. Some may have heard an FSBO story that ended badly, which makes them shy away, or they just like to follow the normal procedures and hire a real estate agent to handle things. But they don't seem to give much weight to going with the FSBO process for selling their homes.

 

Truthfully, the FSBO process isn't all that easy, but once you've learned the proper steps, it's not so hard either, and you can save the money you would have to lay out for agents or brokers. So if you decided to sell your house via FSBO, there's more advantage than just getting a better price, there are other benefits as well. You could end up selling your home much faster on your own, and with less stress involved. You can locate buyers who really love your home, while you pick up some advertising skills and people skills.

 

You can hear the FSBO process being criticized often by real estate agents and by brokers, but it's because they get cut out of the process. What you're doing, is participating in a whole parallel network within real estate that put the owners in place of real estate agents. This is why houses being sold as FSBO don't even get shown by brokers or agents - and this is also why lots of agents don't like going the route of FSBO - they figure they'll end up doing twice as much of the work. This can be true in many cases. It's an extra burden for buyer's agents to hold a seller's hand and teach them the whole selling process.

 

So the lesson here is that if you want to sell your home, and do it successfully through FSBO means, then you need to spend the time it takes to learn everything you need to know before you ever begin the process of selling your home with FSBO methods.

Posted in Real Estate
May 14, 2011

7 Personal Questions For Knowing If You're Ready To Buy Oahu Real Estate

There are times when homes don't sell because buyers aren't totally committed to their buying decision. There are people who get lucky when taking this leap of faith, while others aren't feeling so lucky and wind up cancelling the whole deal. So when you think you might want to buy a home, then there are some things to ask yourself before making that decision.

 

1 - Is This Something You Can Truly Afford Right Now? - Money isn't everything, but we all know it's definitely a major thing. You want to be absolutely certain you can afford to buy a home at this time.

 

2 - Do You Understand About The Purchasing Process? Before you purchase your home, you need to gain some understanding of what steps are involved with the whole process. Learn about the legal sides of this process, and know your options. Find out how to tell a good real estate agent from one that's a bit shady. Protect yourself.

 

3 - Do You Have This Money Readily Available? - At certain times you may depend on a few of your assets being liquidated for you to get some ready cash. But sometimes, you money could be depending on things you're doing, like selling your home, or anything else of high value. Make sure you know when you'll have free and clear access to your money.

 

4 - How's Your Credit? - Creating a good credit history is a lot of work. It takes discipline and time. If your credit history is good, see if there is still any room for improving it. It it's bad, then start today correcting it. Good credit will get you many things that bad credit will keep you from.

 

5 - Is Your Credit Score Good? It's really important to keep a good credit score. Then when you need money, you can qualify for loans, and have a lot more options to choose from. Some special loans are designed just for those who have good credit.

 

6 - Have You Decided On The Type Of House You Want? With so many different types of homes out there, you should be familiar with the various things involved with keeping them up. It's different among the different house types as to what's involved with the responsibilities and challenges you'll face.

 

7 - Are You A Responsible Person Who Will Take Care Of A Home? You have to know that having a house is a big responsibility, and you are the one who will be in the position of taking care of it and maintaining it. You have to keep it clean, decorate it, and accept full responsibility for everything involved with it.

Posted in Real Estate
May 13, 2011

Investing in Hawaii Foreclosed Homes

You hear a lot today about foreclosures, and it has become a reality for many homeowners to deal with. It has had a really significant effect on the whole real estate market of today. In spite of the fact this industry is now struggling, there are still some opportunities brought on by foreclosures. By investing in foreclosures, you can find some good rewards. But you still need to have the expertise for determining what will make a good investment in a foreclosed home.

 

To start off, you have two basics to keep in mind. One is obtaining a full list of Hawaii foreclosed properties that are up for sale, and then having enough money or good credit to acquire one. Before you can rightfully determine the amount your can afford, you'll need to see what prices the available homes are going for. Once you find some good prospects, they get all the detailed information you can concerning them.

 

Look far beyond any frontal flaws existing on home that are located in good neighborhoods. More importantly, you need to be aggressive when you make your offers, because sellers of foreclosed homes are highly motivated sellers, and they want to sell ASAP. To by doing your research, you can turn that into a very profitable investment for yourself.

 

One main reason that many people like investing in foreclosed homes is because they're cheaper. Remember, when you invest in anything, you don't want to blow your whole budget on it unless you expect a solid return on your investment. Another good reason lots of people invest in foreclosures is due to the sheer number of them. There are loads of opportunities out there. Having more choices means more ways to make money. With foreclosures, you'll go in having the upper hand, because they're really in a hurry to sell. Go in asking for discount prices, and you have good odds of getting them. You may want to buy several at a time.

 

Hawaii Foreclosure investments can be very profitable, but you want to be careful if you're a newcomer. The market for foreclosures is one where lots of money can be made, as long as you go in well armed with information. This means doing your homework. Research each property thoroughly.

 

Once of the drawbacks to foreclosure investing, is not being able to inspect the homes beforehand. This means you'll be running into some unexpected surprises that will arise. So thinking it over carefully before committing is essential. You can find out lots of information online and down at your county clerk's office.

 

Once you located a home you're interested in buying, then work with the title search company to see if it has any liens on it. It's important that your study the whole foreclosure market for your area. There are many places where the competition is just too fierce, and it's very hard to make a significant profit. One way to save money is by doing repairs yourself. The main goal is to improve on the home and sell it for a quick turn-around and a good profit. If not done properly, you could wind up losing money for each payment you have to make.

Posted in Real Estate
May 12, 2011

Tips on Buying Oahu Real Estate For Beginners

When it gets down to finding the right homes for sale, it's usually a case of first time buyers struggling over common mistakes. But there are many options available, so narrowing down the search, even for beginners, is a good idea and a good step to take.

 

One thing needed for consideration is figuring out exactly what you can truly afford. Many times people will fall into the old trap of using the amount of their loan that they're able to qualify for, to use in its entirety. But in the end, they end up with unforeseen costs and aren't really able to afford the home they've bought. So beginners need to create a good reasonable budget, and add up ALL expenses that will come as the result of owning a new home.

 

It's very common for newbies to forget about some of the other payments and costs involved with home ownership. They only think in terms of mortgage payments. So the creation of a workable budget is extremely important. This will include all bills that will occur aside from the mortgage payment, and including the mortgage payment. It gives an idea of what your finances will be like month from month. Many will end up putting what they've saved into their down-payment on their new homes.

 

Another good idea is getting a feel for a reasonable figure for your mortgage payments, before shopping for the home. It's very easy for people to fall in love with a place, forget about anything but their mortgage, and purchase a home that turns out to be too much for them to handle.

 

So what you need to do as a beginner is narrow down your searching. Writing a list can help with this. You can list things you'll be needing, or wanting, or want no part of. Your space within your new home is going to play a big role in how comfortable your life will be there. The maintenance has to be considered, as some houses are easier to keep up than others.

 

Consider the number of bedrooms you'll be needing, and how close your nearest neighbor is going to be. Will you be needing a back yard? Will you be able to have a washer and dryer on-site? Check all the amenities to make sure the place suits you.

 

If you happen to be on a budget that's strict, then you may have to sacrifice a few things here and there in order to live comfortably within your means. Lots of first time buyers go in with very high expectations, only to be let down later. It's best to approach the whole process realistically.

 

One of the best things you can do as a first time buyer is to have a talk with a good Oahu real estate agent. They can be well worth the money you pay for their services and can save you not just money in the long run, but plenty of headaches. They can help you work out something on a home that will fit within your budget.

Posted in Real Estate
May 3, 2011

Honolulu Real Estate

Honolulu County is a huge prospect for those that are looking into Honolulu real estate. The reason is that this one of the cities in the world that has a port, which increases the amount of traffic that comes through the area. There are people that come to the city on vacation or on business and because of this those that are looking to invest in real estate are going to find that this is one of the areas to put at the top of the list.

 

However, the real estate boom is not only in Honolulu, it is much the same way across the entire state of Hawaii. But, Honolulu is the main draw simply because it is the capital. Those that are interested in investing in real estate here are going to need a lot of money to do so since the competition is so stiff. However, those that do take the time to invest, they are going to find that their investment is going to pay off usually double as what they invested. This is why so many investors find this as the perfect market to invest in.

 

Those that are really wanting to make their investment worth it should look into investing in the tourist industry. This could mean building up hotels and other tourist buildings that people want to see or stay in. It may take some time to get the investment up and running, but you will start to gain profit once you have it running. However, for those that are not interested in the tourism sector, there are other areas that people put their investments into. There are homes for sale in all of Hawaii that many investors invest into.

 

The other areas in Hawaii that are showing promise to those that are looking to invest in Hawaii is the area of Kailua, which has many homes that people are investing into. There are many Realtors in the area, however, one offering most promising is Pamela Benton who seems to show progress all across the board and is considered an expert in real estate in all of Honolulu. So those that are really wanting to make sure that they are investing properly, should contact Pamela Benton to know their options.

Posted in Real Estate
May 3, 2011

The Surfing Capital of the world: Waikiki Beach

Beaches that are Amazing

 

Waikiki is the place for those that love the beach or the water sports that are found on these beaches. The waves are amazing allowing for many people to surf and enjoy other spots that are focused on the water. There are also many stunning restaurants around the area that the person can visit and get a delicious meal that they will always remember. Last year alone, seven million people visited the area to enjoy what it has to offer.

 

The water is great for surfing, as pointed out before. This is actually the birthplace of surfing, meaning that all die hard surfers must visit and surf on these waves so that they too can say that they surfed in the birthplace of surfing. When you first arrive into the Waikiki area you are going to receive a leis with is something that people enjoy as part of their Hawaiian vacation. You are going to feel as if you are the King or Queen of the town when you arrive, which is exactly what people are wanting you to feel.

 

The background that Waikiki sits on is one reason why so many people visit, the tropical scenery and other wonders of nature create a back drop that you simply cannot get anywhere else. Add into the awesome weather which never gets below seventy degrees nor above ninety degrees is perfect for all those that visit. And since the area is located so near Honolulu, the person is going to find that they can see it all in one visit.

 

Waikiki has been a place that many people come to visit since the 1860. Many United States soldiers have been in the area where they were stationed. While there has also been many movies and shows that are based on the scenery found in Waikiki.

 

Resorts in Waikiki are World Class

 

There are many hotels and resorts in the Waikiki area that have been designed by many famous architects. Some of the best resorts and hotels are the Royal Hawaiian Hotel, and the Moana Hotel Waikiki, which is the prestigious hotel that houses actors, kings and basically any important person in the world.

 

Each resort has something different to offer those that stay there. Though they are all striving to make sure that you feel as though you are special while in the area. For example, there may be feasts, parades, casinos, night clubs, restaurants, pools, and bars that are located in the hotel for the pleasure of those that stay there. And basically make this a vacation that is utterly perfect.

 

One of the things that you are going to find in the area is the world's best seafood restaurants. The French cuisine is also something that keeps people coming back since these restaurants are surrounded by the natural backdrop of Waikiki. Which sets the perfect backdrop for a romantic evening.

 

Surfing in Waikiki: The Capital of Surfing

 

Since 1950, the town of Waikiki has been the place to go for those that are serious about surfing. Many surfers such as Derek Ho, Laird Hamilton, Andy Irons, Jack Johnson, John Kelly and Margo Oberg have surfed on these waves. This is perhaps the most popular place for people to surf and because of this there are many competitions that are held in the area.

 

Though surfing is the main sport, there are tons of other water sports to choose from for those that do not surf. For example, swimming, diving, snorkeling, sailing and water polo. And you will also find that the deep sea fishing is the best here.

 

Waikiki: A Legend

 

The history of Waikiki includes the Duke P. Kahanamoku, who was the one to revive surfing in Waikiki, his hometown. This sport was invented here almost two hundred years ago. And people are going to find that people still talk of their local celebrity who is also a former Olympic champion. He is an icon in the area and because of his efforts, the area became known world wide for its surfing. He is also considered one of the greatest swimmers of all time.

Posted in Travel Hawaii
April 23, 2011

Hawaii Real Estate - Tips for Moving to Hawaii

Moving can be a hassle even if your only moving across the street, however, you are moving to Hawaii, a few states and an ocean away. Many things come into mind when moving let alone moving to a new state that is thousands of miles away from anything you ever known and starting over.

 

Hawaii is a beautiful place to live, with hundreds of beaches to visit, and many things to do. The houses in Hawaii are in the multi million dollar ranges, so you know you will be getting a wonderful house. The people are very nice in Hawaii and are mostly made up of retired military residents that are doing the same thing you are doing, moving away from the loud life in the city to a quite and peaceful place.

 

Keep in mind when relocating to a state that is over seas is very expensive, and maybe cost constrictive, you will need to make sure you have money saved up. Decide before you move if you are going to take your furniture with you or buy new when you arrive. Shipping furniture can be very expensive, and maybe an expense you can do without. Buying all new furniture will give a new meaning to starting over. Look into renting at first and in the rental agreement ask to leave the house furnished so you can use their furniture while shopping for new furniture and a more permanent place to live.

 

When relocating to Hawaii finding the best place to live will be difficult. There are so many things to look at before making a decision. For one thing, you will need to make sure you house is not in the middle of a Volcano Eruption zone, or a Tidal wave area, to make you feel safer ask about all natural disasters before picking a place to live. Check into the school your child will be going to, and the surrounding neighborhood, making sure they are safe for your growing family.

 

To ensure you survive your relocation to Hawaii does not buy or rent a house you cannot afford. If you want to move to a new state, make sure you can afford everything, look into jobs, the economy and house prices, do not live above your means.

 

Choosing to relocate to Hawaii will be the best decision you make, it is beautiful and has a relaxing way of life. You will be in a climate that nearly never changes. You will find your little piece of heaven on earth when relocating to Hawaii.

Posted in Relocation
April 22, 2011

Starting Over in Hawaii

Thousands of miles from any shore off of North America is big island with a small city. This city is called Hilo, in Hawaii. When starting over in Hawaii, you will find a wealth of history and culture in a strong agriculture community.

 

The city of Hilo means "new moon", and there are 40,759 people living there and growing. Being the largest town on the big island, Hilo is over 27 hundred miles away from California, so when you get here, you are not just a hop, skip or jump away from any other state in America.

 

Hilo is a very peaceful community with very little crime. The job status in Hilo is on a slow, but steady up hill battle to more and better jobs in the area. The most common work for men in Hilo is construction and the most common job for women is in the education field. The average drive to work is around 18 miles one way, not too bad compared to New York City.

 

Hilo is becoming home to more retires and people looking for a more peaceful way to live. Hilo does not attract many tourists, but it is filled with history and culture.

 

The taxes in Hilo are very low even though housing prices are on the rise. It is estimated that homeowners pay only 350 dollars in taxes on their property each year, even though home values are 153 thousand dollars. More than half of the residents in Hilo live in urban areas rather than rural areas.

 

Housing in Hilo for a mortgage cost around 1,200 a month and to rent only 528 dollars. When moving to Hilo you will find that there are not any high rises to obstruct the natural beauty. Natural beauty makes the city a pretty place to live, however, this does not mean they are not on the move to bettering themselves; they are building a 60 million dollar research lab and a 28 million dollar Astronomy Education Center.

 

Not all of Hilo is gold and glory; they have their share of trouble. Some things to keep in mind before moving are; The volcano Kilauea is now active and has destroyed over 200 homes again, Tsunamis also are big in Hilo and they destroy homes and water front, the last one they had destroyed half of the community and took it out to sea.

 

When you decide to move to Hilo you will enjoy temperatures never rising over 90 degrees and some very beautiful and peaceful living.

 

Latest  Hilo Real Estate

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$73,000

350138 Kekoa Place, Laupahoehoe — Kekoa Camp

Located on the makai (ocean) side of Highway 11, along the beautiful Hamakua Coast. This Plantaion era home could you some help to...

  • Beds 2
  • Baths 1.0
  • Tenure FS
  • SqFt. 770
  • MLS 244208

 

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$449,500

351655 Maulua Nui Rd, Laupahoehoe

All about the views. 14+ acres located at 1000' near Laupahoehoe above the Kapehu subdivision. Wide open ocean views with brilli...

  • Beds 1
  • Baths 1.0
  • Tenure FS
  • SqFt. 1,739
  • MLS 242951

 

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$1,495,000

320220 Piha Kahuku Rd, Ninole

GO GREEN THIS PROPERTY IS "GREEN" EVIROMENTALLY FRIENDLY, this incredible property on the Hamakua Coast is completely SELF SUFFIC...

  • Beds 5
  • Baths 3.01
  • Tenure FS
  • SqFt. 3,040
  • MLS 243045

 

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$1,100,000

341174 Old Mamalahoa Hwy, Ninole

Beautiful Palm lined entry with approx. 3000sf of Architecturally designed Executive home built with Entertaining in mind. Flag lo...

  • Beds 2
  • Baths 2.0
  • Tenure FS
  • SqFt. 2,984
  • MLS 243176
Posted in Relocation
April 21, 2011

Relocating to Hawaii without the Headache

Hawaii is without question on the most beautiful and exotic places in the world. It's very hard to imagine someone passing up the opportunity to live there when the chance was given to them. The main problem being that Hawaii is an island and it's not exactly a row boat away. Making the arrangements to move your house and your family that far away is going to take an expert level of planning and preparation. Here are just a few tips that might help everything go just that bit more smoothly.

 

The list of things to do here sound simple enough, but most actually are quite easy to forget until you find that you need them. You will need to relocate your bank account when you move. Sounds simple enough, but due to the country getting more stringent on money laundering, it can be quite difficult to open a bank account in Hawaii. You might need some documentation, and it is best to find out what you need to bring with you before you go, then it is to go back to where you used to live to get it.

 

Changing schools is important too. While you may just assume that you can put your child into any school, this may not be the case. You will need the records of your child's education and past immunizations when you enroll. When choosing a house, it is recommended to choose one near a school, even if you do not have children, simply because the house will be easier to sell later if you do.

 

It is easier to bring your vehicle with you to Hawaii then trying to buy a new one while you are there. That being said, there are still guidelines you must follow when moving a vehicle from one state to another. Undoubtedly your car will have to go through an inspection in order to be deemed safe to drive. You will also have to change your registration, and driver's license information as soon as possible.

 

No matter where you move to in the United States, all of these things should be looked after before going. However, with Hawaii it is that much more important due to Hawaii being an island, and it is not as easy just to go back and get something that you have forgotten. Making a list and checking it twice, even three times will save you a lot of headache and stress later on.

Latest Waikiki Real Estate Listings

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$138,850

2444 Tusitala St, Honolulu — Ainahau Gardens

Cozy studio in Ainahau Gardens. Secured building in walking distance to Waikiki Beach, restaurants, shopping & entertainment. Mapl...

  • Beds
  • Baths 1.0
  • Tenure FS
  • SqFt. 300
  • MLS 1104797

 

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$174,850

2444 Tusitala St, Honolulu — Ainahau Gardens

Cozy studio with 1 parking in Ainahau Gardens. Secured building in walking distance to Waikiki Beach, restaurants, shopping & ente...

  • Beds
  • Baths 1.0
  • Tenure FS
  • SqFt. 300
  • MLS 1104795

 

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$68,000

410 Nahua St, Honolulu — Hawaiian Prince Apts Ltd

Convenient location. Secure building, keyed entrance. Large top floor unit with cool and breezy tree top views with a lot of morni...

  • Beds 1
  • Baths 1.0
  • Tenure LH
  • SqFt. 468
  • MLS 1104785

 

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$185,000

445 Seaside Ave, Honolulu — Island Colony

Nicely renovated and fully furnished large STUDIO unit w/ beautiful Ala Way Canal and Mountain Views. Ideal for either investment ...

  • Beds
  • Baths 1.0
  • Tenure FS
  • SqFt. 308
  • MLS 1104779

 

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$490,000

469 Ena Rd, Honolulu — Waipuna

Just Refurbished! Upgraded Kitchen w/new appliances & sink. Nicely appointed Spacious 2 bdrm 2 bath is Move-in Ready. Berber Carpe...

  • Beds 2
  • Baths 2.0
  • Tenure FS
  • SqFt. 948
  • MLS 1104763

 

 

April 20, 2011

Unique Things About Moving to Hawaii

There are some very unique things about relocating yourself or your entire family to Hawaii. Without knowing these few things, you can make the move much more difficult for yourself then need be. Moving is enough of a pain for most people without making it worse, knowing these few tips will help the move go smoother and faster.

 

In Hawaii it is very easy to find fully furnished places. Fully furnished in Hawaii does not mean just tables beds and chairs. It means pots, pans, cutlery and in some cases even bedding and towels. While you may not want to throw everything away before you move and see what you have, it is very wise to pack your things into clearly labeled boxes and have a friend or family member ship the items that you need.

 

Clothing is one of the things that can be found inexpensively in Hawaii, and more than likely if you come from any kind of colder climate most of your clothing will be unusable in Hawaii. Very few people ever wear jeans while living in Hawaii. You will not need any kind of winter clothing as well. Going through everyone's clothes in the family can take some time, but other than underwear, shorts and shirts, there is very little that most families currently have that they could bring with them to Hawaii and use. It is not worth the time to pack all the clothes up, and pay for shipping them when they are not going to be worn anyway.

 

Getting your car to Hawaii is worth the transportation costs; it is hard to find out if anywhere on Hawaii even sells cars. It is well-known though that the price of gas is very high, most people do not drive very far when they do. That being said, only one island has public transportation by way of bus, so if you plan on making any kind of trips, make sure you transport your car.

 

Things you do need to bring are your prescriptions; filled for quite a while why you try to find a new doctor. Bring any medical records as well, getting them from where you used to live will not be easy and you want to have up-to-date information available in case of an emergency. Bring documentation for your pet as well, if you have any. They will need to be an up-to-date on their vaccinations in order to enter the state of Hawaii as well as follow other guidelines.

Posted in Relocation