Honolulu’s Endangered Species - 07/30/08 03:38 PM
July 30th, 2008 categories: Rants & Riffs This past weekend I visited a friend on Molokai and the entire experience reminded me of days gone by in Hawaii. There was no traffic, friendly people and a simplicity and freedom that were very refreshing. There was one thing that really struck a chord in my heart and that was the existence of coconuts! Yes, coconuts!
As a child, I remember eating them, carving them, playing catch with the small ones and an abundance of coconuts at the base of coconut trees. Flash-forward to 2008, I challenge you to drive around Honolulu and … (3 comments)

Rarely Available Honolulu 3 Bedroom Unit - 07/29/08 07:39 PM
July 29th, 2008 categories: Honolulu Condominiums, Honolulu Real Estate 101 Guess what this blog is about? Yes, you’re right, I have just listed a very special Nuuanu Parkside three bedroom unit for sale. The last three bedroom to sell closed in July of 2006, and it sold at $650,000. This apartment is listed for $600,000!
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Canadians In Honolulu - 07/29/08 03:02 PM
July 29th, 2008 categories: Honolulu Real Estate 101, Rants & Riffs It’s great to be in Hawaii. Our tropical paradise has always been attractive to people from other parts of the world. Our warm breezes, blue skies and soothing water have made us the place of dreams. It seems interest in our real estate ebbs and flows with the economic fortunes of the rest of the world.
 
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Is Honolulu Really That Much More Expensive Than The Mainland? - 07/23/08 02:13 PM
July 23rd, 2008 categories: Rants & Riffs One of the major knocks about living in Hawaii is the greater cost living. Hawaii will probably always be more expensive since almost every single thing here has had to be shipped here. What follows are five reasons the cost might not be as great as you think.
1. One Set of clothes to wear your round. My wife comes from an area that has all four seasons. Before we were married, I will visit my future in-laws and I noticed that as fall approached they would take out clothes appropriate to fall.
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Honolulu Foreclosure Rate Goes Down? - 07/22/08 03:15 PM
July 22nd, 2008 categories: Honolulu Real Estate 101, Rants & Riffs Almost every day I speak with buyers from mainland markets that are experiencing significant downturns and a great deal of gloom and doom. Because their markets are hurting they believe there may be opportunities to buy properties in Honolulu at discounts comparable to their home markets. Our market is down some, but it is not off the 30- 50% that I am hearing some parts of the mainland are experiencing. Let me be clear, there are good values in our market as compared to our recent highs (2005 and 2006). … (1 comments)

Honolulu Real Estate Values Up 30% By 2013? - 07/21/08 01:35 PM
July 21st, 2008 categories: Rants & Riffs If you are planning on owning real estate past 2013, now maybe a good time to buy. A recent Honolulu Star Bulletin article regarding a visit to Honolulu by the National Association of Realtors Chief Economist stated the following.
“In fact, by 2013, Honolulu homeowners are likely to have seen their investment grow another 30 percent, said Lawrence Yun, NAR chief economist and senior vice president of research, during a forecast to the Honolulu Board of Realtors Brokers Forum yesterday.” CLICK HERE TO READ THE STAR BULLETIN ARTICLE
 
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Haggling Honolulu REO Properties - 07/18/08 03:29 PM
Haggling Honolulu REO Properties July 18th, 2008 categories: Honolulu Real Estate 101, Rants & Riffs
Blogtherockies.com had a recent post that does a terrific job outlining many issues that may make your REO purchasing process easier. They say…
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The Death Nell of Printed Newspapers! - 07/17/08 01:45 PM
July 17th, 2008 categories: Honolulu Real Estate 101, Rants & Riffs The Honolulu advertiser announced that it will layoff 54 full and part-time employees. Many people believe that this is a result of the lagging economy and, thus, lower advertising revenues. I believe there may be some relation to these factors, however, the bigger culprit is a shift away from printed news sources toward internet-based models.
“As you know, the newspaper industry faces significant challenges right now,” Webber said in his note. “The Advertiser is not immune from them. Advertising revenues were already lagging behind for the media when the downturn … (1 comments)

Hawaii’s Land Court - 07/16/08 02:27 PM
July 16th, 2008 categories: Honolulu Real Estate 101, Rants & Riffs In 1903, Hawaii adopted an alternative land recordation system, which is referred to as the Hawaii Torrens Land system-or more commonly referred to as “land Court”. Believe it or not, it was modeled after a system for registering ships. “Hypothetically” the government provides a guarantee for the title to a home, condo or piece of land. The key word in the last sentence is “hypothetically”, please don’t believe that the government will protect your title. As with all real property purchases, be sure to obtain title insurance (whether or not … (0 comments)

Honolulu’s “Kooky” Cooperatives! - 07/15/08 02:18 PM
July 15th, 2008 categories: Honolulu Real Estate 101, Rants & Riffs Honolulu as a type of apartment, which is a throwback to by gone days. Before condominiums, the only way to own an apartment was through the purchase of a cooperative (Co-op). I am told that cooperatives are legally real estate (if leasehold, the lease must be greater than 30 years). Even though they are considered real estate, these apartments can have unusual rules. Before completing the purchase of cooperative, be sure to carefully read all of the documents pertaining to living in the building and the governance of the Association. … (0 comments)

Oahu Beaches Are Among The Sexiest! - 07/15/08 01:58 PM
July 15th, 2008 categories: Rants & Riffs I don’t know how the measured “sexiest”, but according to Concierge.com Honolulu and Oahu are right up there!
 
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Ways Condominium Associations Can Help Or Hurt Your Value. - 07/14/08 03:19 PM
July 14th, 2008 categories: Honolulu Real Estate 101, Rants & Riffs A Honolulu apartment owners association can positively or negatively affect the value of the units in a particular building. Here are four ways they impact your property.
#1. Maintenance fees. We all know that it is desirable to have as low a maintenance fee as possible, however,
 
 
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The Hard Conversation - 07/11/08 01:09 PM
July 11th, 2008 categories: Rants & Riffs
Real estate is a great business. As a Realtor, I have the opportunity to represent people in the sale or purchase of one of their most significant sets. As a result, I am required to have ongoing consulting and advisory conversations concerning various aspects of a transaction. I classify these conversations into to groups, easy and hard.
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Reasons Not To Own Your Home In Honolulu! - 07/09/08 02:50 PM
July 9th, 2008 categories: Reasons To Sell
Even though this blog came from a Cleveland Ohio real estate company, most of the reasons not to own a home in Honolulu are applicable. None of these reasons may apply to you, however, read the entire list for a great laugh.
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Thank Goodness The Fed Is Holding Fire! - 07/08/08 04:15 PM
July 8th, 2008 categories: Reasons To Sell
Today’s Wall Street Journal reported that the Fed would not require Fannie Mae or Freddie Mac to increase their reserve deposits. Thank goodness. In my opinion, much of the last major financial meltdown that occurred during the Savings and Loan crisis of the 1980s was a result of regulators increasing the deposit requirements for those companies.
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Generalities vs. Specifics in Honolulu Real Estate - 07/07/08 07:08 PM
July 7th, 2008 categories: Honolulu Real Estate 101, Reasons To Sell

Generalities. In general they can be right and in specific they can be wrong. A prime example is the general condition of most real estate markets in the U.S. Most news reports and people espouse the idea that the housing market is not doing well. In general they may be right and in specific they can be wrong.
This year I have been selling lots of houses and condos. Most of my sales have been my listings and a number have been buyers that I represented. Many of my … (0 comments)

Honolulu’s “Lofty” Condo Project - 07/02/08 04:30 PM
July 2nd, 2008 categories: Honolulu Condominiums
A very interesting project is under construction next to Honolulu’s Lexus dealership. The developer is refitting the majority of the old National Cash Register Building at the corner of Cooke and Kapiolani. It is part of the growing “metropolitization” (my word) of Honolulu.
READ HONOLULU'S LOFTY CONDO PROJECT
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Bitter Sweet Hawaii Solar Law - 07/01/08 03:13 PM
July 1st, 2008 categories: Honolulu Real Estate 101, Rants & Riffs
“Gov. Linda Lingle signed the measure, Senate Bill 644, SD 3, HD 3, CD 1, into law yesterday to reduce Hawaii’s dependence on imported oil. It requires all building permits for single-family homes issued after Jan. 1, 2010, to include solar water heaters.
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Keahi_pelayo

Keahi Pelayo

Honolulu, HI

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KU Realty

Address: 500 Ala Moana Blvd., #4-700, Honolulu, HI, 96816

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