Closed sales on Kauai - 09/26/08 05:01 AM

The chart above shows a clear trend for the reduction in the number of closed sales on Kauai. As demand continues to decline and the supply increases, the resulting downward price adjustment must soon follow. It has become a battle of wills but the Sellers must soon concede to the inevitable. However, in order for cycles to continue their dynamic swings (up and down) the current downward trend is only a preamble for the recovery. Just dont ask me when !!
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Distressed Property Hawaii Law MUST be Amended to Exclude Realtors - 09/26/08 04:55 AM
Distressed Property Hawaii Law MUST be Amended to Exclude Realtors. (edit/delete)

The stated purpose of the new law is to protect the property owners facing foreclosures, liens, or encumbrances from persons who would prey on them.
 This act addresses possible misrepresentations by such persons who would offer assistance to these owners and requires them to fully describe their services in a written contract. It gives the property owner the right to cancel at any time before a "distressed property consultant" has performed all services called for in a contract.
The problem arises in the definitions section: "Distressed property consultant … (2 comments)

Real Estate Tools (Terrific Research Sites) - 09/23/08 10:00 PM
o   Alltop Real Estate
•o   Altos Research
•o   Best Places
•o   CE Forward
•o   Craigslist
•o   Foreclosure Radar
•o   Global Property Guide (Int'l)
•o   HomeGain
•o   Hotpads (Rentals)
•o   House Data (OFHEO)
•o   Housing Tracker
•o   My New Place (rentals)
•o   MyDealBook
•o   OFHEO
•o   Properazzi (Europe)
•o   Property Shark
•o   Radar Logic
•o   Radcribs
•o   Rentometer
•o   Roost (Listings)
•o   S&P/Case-Shiller Index
•o   Sellsius
•o   StateMaster
•o   Street Easy (NY)
•o   Trulia (Search)
•o   Zillow (Search)
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Equity Sharing: In Times Like These !! - 09/23/08 06:39 PM

Equity Sharing (edit/delete)
An equity sharing deal is typically struck to help sell a home, often in a tough market, but a tough market isn't a prerequisite. It also helps enable a home purchase when it might not otherwise be possible. And it is used to provide an investment with a financial return.
Typically savings-poor, but income-rich, one person becomes the occupying homeowner with no or little money down. A second participant, the investor, provides the initial leverage usually in the form of a down payment stake. With time, he or she can enjoy a joint venture-like return on … (0 comments)

LEGISLATIVE PROPOSAL FOR TREASURY AUTHORITY TO PURCHASE MORTGAGE-RELATED ASSETS - 09/23/08 06:34 PM

So far, here is the Bail-Out Proposal introduced to Congress.  As you know, hearings on the Hill with the "BOYS" is currently underway.  Hard to say what modifications may be introduced over the next 24 hours.  .....
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LEGISLATIVE PROPOSAL FOR TREASURY AUTHORITYTO PURCHASE MORTGAGE-RELATED ASSETSSection 1. Short Title.This Act may be cited as ____________________.Sec. 2. Purchases of Mortgage-Related Assets.(a) Authority to Purchase.--The Secretary is authorized to purchase, and to make and fund commitments to purchase, on such terms and conditions as determined by the Secretary, mortgage-related assets from any financial institution having its headquarters in the United States.(b) Necessary … (1 comments)

For Sellers who absolutely, positively must sell. - 09/08/08 11:43 AM

For Sellers who absolutely, positively must sell, here are some of the current incentives and strategies in use today:
CARRYING THE NOTE:  Offering buyers seller-financing "carry-back loans," which are essentially mortgages or loans financed by the seller. This can be risky.  Partition the "carry back" amount into a first and second Purchase Money Mortgage prevents the new owner from obtaining additional financing that would weaken the home's equity position in the event the seller is forced to repossess the home. This works best if the home does not have an existing mortgage, many of which contain "due-on-sale" clauses, meaning the … (0 comments)

Working With Your Kauai Real Estate Agent - 09/05/08 04:01 PM
 

Selecting the right real estate agent to help you buy or sell your home is essential to a smooth transaction. For the best possible experience, you should consider a professional's background, personality and responsiveness.
Here are some tips to help you choose and work with your real estate agent.
How to choose a real estate agent
When it comes to choosing a real estate agent, consumers who do their homework can save thousands of dollars and experience a smooth financial and physical transition. So don't waste time and resources - decide what's most important to you, and then find … (0 comments)

All About Kauai - 09/05/08 03:56 PM

Kauaʻi (in standard Hawaiian pronounced [kauˈaʔi]; in Kauaʻi-Niʻihau dialect, [tauˈaʔi]; usually spelled Kauai outside the Hawaiian Islands and pronounced /ˈkaʊɑɪ/ or /kaʊˈɑɪ/[1]) is the oldest of the main Hawaiian Islands. With an area of 552.3 square miles (1,430.5 km2), it is the fourth largest of the main islands in the Hawaiian archipelago and the 21st largest island in the United States.[2] Known also as the "Garden Isle", Kauaʻi lies 105 miles (170 kilometers) across the Kauaʻi Channel, northwest of Oʻahu. Of volcanic origin, the highest peak on this mountainous island is Kawaikini at 5,243 feet (1,598 m).[3] The second highest peak is Mount Waiʻaleʻale … (0 comments)

Kauai South Side Home Sales Over $1,000,000 2008 - YTD - 09/05/08 12:19 PM
 
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James Pycha

Koloa, HI

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