Bodden Real Estate Blog

Foreclosure on the Horizon

Chris M.T. Bodden RA,CDPE- www.BoddenRealEstate.com (Keller Williams Realty) — Fri, 23 Oct 2009 13:45:55 -0500

Have you seen this guy?

There is a very good chance that you have and don't even know it. He is on the verge of foreclosure and possibly just one bad month away from losing his home. He is not alone because in the US the total number of delinquencies is over 13%. This means that a little over 1 out of every 10 people are late on their mortgage. To break down this 13% further, 8.86% of homeowners are delinquent on their mortgage (missed a payment) and 4.3% of homeowners are in foreclosure. This is a HUGE number of homeowners who need help.

Another very mind boggling statistic is that 7 out of 10 homeowners who are in foreclosure go in blind and do not seek any advice from a real estate professional. As a Certified Distressed Property Expert (CDPE) I have been trained to help homeowners avoid foreclosure and to show them that they still have options.

Even if you owe more on your home then it is worth there are a number of things that can be done to HELP YOU! The banks do not want to foreclose on your home any more then you want to lose your home it costs them thousands of dollars and months on end to go through the foreclosure process.

If you or someone that you know is in foreclosure, on the verge of being late on your mortgage, owes more on your home then it is worth, or just wants some further information, contact me today. As a CDPE I have the knowledge and expertise to help you avoid foreclosure.

Chris M.T. Bodden (RA, CDPE)

*Statistics provided by the Distressed Property Institute.

Ocean Pointe Condo Statistics- www.BoddenRealEstate.com

Chris M.T. Bodden RA,CDPE- www.BoddenRealEstate.com (Keller Williams Realty) — Fri, 16 Oct 2009 05:11:08 -0500

The Ocean Pointe neighborhood of Ewa Beach, Hawaii has 5 distinct town home neighborhoods, Ke Noho Kai, Ke Aina Kai, Mariners Place, Spinnaker Place, and Fairways Edge. The units are all 2-3 bedrooms and bathrooms, starting at 823 square feet and going up to 1470 with prices starting at $199,000 up to $578,990. The vast majority of the units have 3 bedrooms 2.5 baths, range in size from 1000 - just under 1200 square feet, with prices in the high $200,000 up to the mid $300,000 range (With the exception of Mariners Place which is priced in the low to mid $200,000's).

To review the activity in the last few months (7/15/2009 - 10/15/2009), there was a total of 16 sales, 8 contracts pending which will be closed in the near future, 16 contracts currently in escrow, and 26 properties actively on the market. This is great news and shows tremendous activity and movement in the market.

To Search all listings in Honolulu County go to www.SearchHawaiiProperties.com

Mahalo

Chris M.T. Bodden, RA, CDPE

www.BoddenRealEstate.com

Ocean Pointe - Active property report

Chris M.T. Bodden RA,CDPE- www.BoddenRealEstate.com (Keller Williams Realty) — Wed, 22 Apr 2009 05:17:14 -0500

Here is a report of the active single family listings in Ocean Pointe, Hawaii. Hope that this is helpful to those of you that are searching in the Ocean Pointe area of Ewa Beach. Please feel free to contact me with any questions you may have.

There are a total of 33 homes for sale that are available as of today (4/22/2009). The prices range from $387k - $650k. The smallest home has a square footage of 1275 and the largest 2357, the smallest home has 3 bedrooms and 2 bathrooms where the largest is a 5 bedroom 3.5 bath home. On average you are looking at a 4 bedroom 2.5 bath home with a square footage of 1672 at $297/square foot. For the lot size it ranges from 3851 square feet to 6503 square feet with an average of 4640 square feet.

As you can see from the picture there are big plans for Ocean Pointe and now is a great time to take advantage of the low prices and even lower interest rates. The Ocean Pointe area of the island is brand new and waiting for you to move your family in...

Mahalo

Appraised Values not meeting the mark

Chris M.T. Bodden RA,CDPE- www.BoddenRealEstate.com (Keller Williams Realty) — Wed, 22 Apr 2009 04:34:54 -0500

I recently had a client that I represented as the buyers agent...we looked at properties for months, put in offers and finally got one under contract. Luckily it was the best one that we had looked and an absolute steal. Everything went well through the transaction except when we got the appraised value (VA Loan), which ended up being $10k short. At first I thought it wasn't a big deal and $10k didn't seem like much when the property is valued at more then $500k, but it sure is ending up to be a HUGE headache. The main problem is that the property is one of the nicest in the neighborhood and there are a number of back up offers in place behind ours...That $10k is the credit that we were getting from the sellers for closing costs and the buyers don't want to dish out any more cash. Seems like we may be stuck between a rock and a hard place!

Best of all the only comps that the appraiser can use have 1 bedroom and bathroom less than the subject property! Just one of the many bumps in the road in the Real Estate industry...

Don't be fooled this April Fools!

Chris M.T. Bodden RA,CDPE- www.BoddenRealEstate.com (Keller Williams Realty) — Tue, 31 Mar 2009 21:35:37 -0500

There is a rumor of a very bad computer virus that will be going around for April fools, so make sure that you don't become a victim. Here is the article:

By the Associated Press

SAN FRANCISCO - The Conficker worm, a nasty computer infection that has poisoned millions of PCs, will start ramping up its efforts tomorrow to use those machines for cybercrimes. It's unclear whether everyday PC users will even notice, but this is as good an excuse as any to make sure your computer is clean.

There are some easy ways to figure out whether a computer has the Conficker worm, and free tools available for getting rid of it.

One scary thing about Conficker is that it spreads without human involvement, moving from PC to PC by exploiting a security hole in Microsoft Corp.'s Windows operating system. The hole was fixed in October, but if your computer doesn't get automatic updates from Microsoft, you could be vulnerable.

Lots of computer worms disable antivirus software outright, which can be a tip-off that something is wrong. But Conficker doesn't do that. Instead, Conficker blocks infected PCs from accessing the antivirus vendors' and Microsoft's Web sites, so victims won't get automatic updates a nd can't download the Conficker removal tools that those companies have developed.

So see what Web sites you can visit. If you can navigate the Internet freely except for sites owned by Microsoft or antivirus vendors such as Symantec Corp., McAfee Inc. or F-Secure Corp., your PC might have Conficker or a similar bug.

Fixing the problem gets a little trickier.

The best remedy is to have a friend - whose computer is not infected - download a removal tool from Microsoft or one of the antivirus vendors. Then that person should e-mail the tool to you.

A list of the free Conficker removal programs is available on the Web site of the Conficker Working Group, an alliance of companies fighting the worm. The removal programs will take care of themselves, for the most part, scanning your system and purging the worm.

One thing to note: Conficker blocks infected machines from running removal tools with "Conficker" in the name. So users might have to change the name of the file (one you've saved the tool to your desktop, right-click on it and select "rename") before running it. The program's instructions will let you know if you need to do this. Many antivirus vendors have already changed the names in their removal tools - in some cases calling the file a misspelled variant of "Conficker" - to trick the worm into letting the program run.

Businesses have a bigger challenge, because Conficker has yet another method for evading de tection. Once the worm is inside a machine, it applies its own version of the Microsoft patch that fixes the vulnerability Conficker exploited in the first place. So a business running a standard network scan, looking for unpatched machines, might come up empty-handed, even though some computers on the network are infected.

The scans need to take a deeper dive into the machines on the network - something an antivirus vendor's service should enable. For government agencies, contractors and operators of critical infrastructure, the Department of Homeland Security also has released a network-detection tool for Conficker.

On the Net:

List of Conficker removal programs:

http://www.confickerworkinggroup.org/wiki/pmwiki.php?nANY.RepairToo ls

Homeland Security's announcement of its detection tool:

http://tinyurl.com/c3petb

UP and coming...

Chris M.T. Bodden RA,CDPE- www.BoddenRealEstate.com (Keller Williams Realty) — Thu, 12 Mar 2009 05:23:38 -0500

So the economy is pretty BAD right now, most people say it hasn't been this bad since the great depression. So what should we do...pack up our things and feel sorry for ourselves? NO THANKS!

I consider myself pretty knowledgeable even though I am young, not a mogul yet but on my way (one day). So I like to pick the brains of other successful agents and business people on occasion. Although there is a wide range of things that they share with me, there is one thing that most have in common. "You sure picked a tough time to get into the business." (Granted I have been in the business for a few years now.) This is true and yes it is a tough time for the market, but if you can make it now then you are really going to BLOW UP when the economy gets back on its feet.

Now is the time that Realtors can truly show their worth...

Chris M.T. Bodden

www.BoddenRealEstate.com

Buyers Beware...

Chris M.T. Bodden RA,CDPE- www.BoddenRealEstate.com (Keller Williams Realty) — Wed, 04 Mar 2009 03:31:04 -0600

I still do not understand why there are so many buyers that are still on the fence and not taking the plunge into the market. With home prices having dropped substantially and interest rates as low as they are, homes are on SALE. The economy of course is not in very good shape, but people still need a roof over their head right? If you don't own a home you are going to rent somewhere...why pay rent to someone when you could purchase a home and pay the same amount (or very close to it) monthly. I have spoken to a good number of buyers who have money in the bank (which is losing money) and could easily purchase a home, but they are stuck on the idea that the economy is going to get much worse and prices are going to fall another 50%...

The economy is obviously in terrible shape and every market is different, but how much lower do you think home prices will go? Maybe I'm too optimistic, but I'd rather my glass be half full then empty.

Buyers, now is the time to buy real estate and if you are still skeptical at least look at your options. Many first time home buyers have no idea that they can purchase a home when they are more then qualified. Don't miss out on the REAL ESTATE SALE!

Chris M.T. Bodden

www.BoddenRealEstate.com

Note to Sellers

Chris M.T. Bodden RA,CDPE- www.BoddenRealEstate.com (Keller Williams Realty) — Tue, 02 Dec 2008 06:52:34 -0600

Here is an entry to people who are considering selling or are selling their property now...Don't get discouraged with what you see on TV, newspapers or what you have heard. It is true that the majority of properties are sitting on the market for months, but there are others that are selling in a much shorter time.

The main objective is to get your property sold in the least amount of time, right? This way you don't have to make mortgage payments on your house while it sits vacant and the listing gets cold. With my proven track record I can help you do just that! Now that there are so many properties available and the advantage is on the side of the buyers you as the seller need to separate your property from the others. There are many different ways to do this and with me being your Realtor (RA), you can rest assured that I will get as many buyers looking at your house as possible.

Selling a home can be a very complicated task, but with a good agent who has the resources, drive to be the best, and knowledge to get the job done you as sellers don't have to worry. Please feel free to visit my web page www.BoddenRealEstate.com or contact me at anytime. I offer a FREE no obligation consultation to both buyers and sellers, and would be more than happy to help you or someone that you know.

Mahalo

Chris M.T. Bodden

808-357-2399 Phone

chris@boddenrealestate.com

www.BoddenRealEstate.com

Its time to BUY

Chris M.T. Bodden RA,CDPE- www.BoddenRealEstate.com (Keller Williams Realty) — Thu, 20 Nov 2008 04:55:14 -0600

As noted in the title of this entry...now is the time to BUY real estate. If you can get the financing to purchase a property there is no reason why you should wait any longer. Many buyers are very "gun shy" because of the current economic situation, and they are just looking and waiting. Waiting for what? Prices have dropped dramatically, interest rates are still very good, and sellers are willing to make deals because they know that the buyers have the majority of the leverage.

Now lets say that the argument of waiting is that the prices will continue to drop substantially lower in 2009...maybe or maybe not there is no real estate crystal ball. But if prices do drop they most likely will not drop that much more then they already have, and as long as you plan on holding onto the property for at least 5-10 years you will do fine. As they say real estate is the best investment and there is no better evidence then what we all have seen the stock market do recently.

Lets say that prices do drop another 10% next year and all the people that waited all now want to buy, but the interest rates go up. Then what? Sure you will have a smaller loan amount but your payment is still going to be the same if not higher than if you purchased now. The most difficult aspect now is getting financing, if you can get financing its time to get out of the on deck circle and step up to the plate. There are so many opportunities for buyers to get great deals on properties, don't wait any longer!

If you or someone that you know is thinking about purchasing a home in Hawaii please feel free to contact me at anytime.

Mahalo

Chris M.T. Bodden (RA)

chris@boddenrealestate.com

www.BoddenRealEstate.com

This information is strictly an opinion and should not be taken as facts.

Open House***741 Ahukini St., Honolulu, HI 96825

Chris M.T. Bodden RA,CDPE- www.BoddenRealEstate.com (Keller Williams Realty) — Fri, 31 Oct 2008 14:01:19 -0500

I will be hosting an open house this Sunday (11/2) from 2-5pm. This home has endless possibilities and is on a large corner lot. The property is waiting for you to put your personal touch and charm to make this property shine again!!

OPEN HOUSEHawaii Kai home

Chris M.T. Bodden RA,CDPE- www.BoddenRealEstate.com (Keller Williams Realty) — Sat, 04 Oct 2008 15:14:17 -0500

I am hosting an open house for one of my listings in Hawaii Kai on Ahukini St. tomorrow 10/5 from 2-5 pm. I invite any and all of you to attend. This home is a "Diamond in the rough" all it needs is your personal touch and charm to make this property shine again. This home boasts Ocean views, fruit and plumeria trees, and an old Hawaiian welcome feel.

I hope to see you all there and please let me know if you have any questions.

Mahalo

Chris M.T. Bodden (RA)

808-357-2399 Direct

chris@boddenrealestate.com

www.BoddenRealEstate.com

Kapolei Knolls Listing

Chris M.T. Bodden RA,CDPE- www.BoddenRealEstate.com (Keller Williams Realty) — Thu, 02 Oct 2008 20:59:46 -0500

I have a beautiful home listed in Kapolei Knolls if anyone is looking in that neighborhood. It has an outstanding unobstructed view of the Ocean and Diamond Head. The property is vacant on lockbox and very easy to see. Please let me know if you are interested in this property.

Visit www.BoddenRealEstate.com for more details.

Chris

Smooth and Painless...

Chris M.T. Bodden RA,CDPE- www.BoddenRealEstate.com (Keller Williams Realty) — Thu, 02 Oct 2008 20:34:54 -0500

I am a Realtor (RA) & Mortgage Specialist and can help you or someone that you know with all aspects of the real estate transaction. Buying, Selling, Refinancing or Renting let me know what I can do for you. Finding the right agent can be the difference between a smooth painless transaction and a nightmare. Lets make it smooth and painless...

Visit www.BoddenRealEstate.com and find out more.

Bodden Real Estate Blog

Foreclosure on the Horizon

Ocean Pointe Condo Statistics- www.BoddenRealEstate.com

Ocean Pointe - Active property report

Appraised Values not meeting the mark

Don't be fooled this April Fools!

UP and coming...

Buyers Beware...

Note to Sellers

Its time to BUY

Open House***741 Ahukini St., Honolulu, HI 96825

***OPEN HOUSE***Hawaii Kai home

Kapolei Knolls Listing

Smooth and Painless...

OPEN HOUSEHawaii Kai home