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real estate buyers: Pricing War and a Beauty Contest - 02/11/09 11:33 AM
                            
Last week I attended the CRS Sell-a-bration in San Francisco.  The Sell-a-bration is a gathering of some of the top agents in the country.  We spent 3 days of classes, conference session with top speakers and some fun social mixers.  During the conference I picked up several pearls.  One that I truly liked was the phrase: "A Pricing War and a Beauty Contest."
When describing the sale process to a potential home seller, this phrase sums it up in the best direct way I can think of.
In most parts of the country we are in a buyer's market.  There … (36 comments)

real estate buyers: Buy or Sell Real Estate on Oahu or Just Wait? - 09/23/08 04:29 AM
This is the question on many people's minds.
Here is a few of my observations. 
Oahu prices are fairly stable compared to most parts of the country.  We have seen a slight slippage overall in median prices.  A few areas have seen larger drops like Ewa Beach, which has short sales, foreclosures and developers in the area competing with resale homes.  Areas like Kahala have seen price increases. Although sales units are down, homes are still selling if priced correctly and in proper condition. Interest rates are fairly low.  Immediately after the Freddie and Fannie announcement, rates took a quick … (24 comments)

real estate buyers: Real Estate Consumers Have Changed in a Positive Way - 06/30/08 12:16 PM
As the real estate market has changed from the insanely hot market of a few years ago; I have seen a big change in the consumers and their habits.
When the market was hot, homes would sell in a matter of days with multiple offers.  If a home owner priced their home too high, I would tell them they are not overpriced they are just ahead of their time.  The market would catch up to them shortly.  Today they are just overpriced.
A few years ago consumers would shop for the cheapest agent they could find.  They figured any idiot could … (26 comments)

real estate buyers: You Could Make a Reality Show from Some Real Estate Transactions - 06/05/08 11:29 AM
Actually a reality show may not be the best choice maybe, something like a Jerry Springer ShowTM would be a better fit for a few.
 
JERRY - JERRY - JERRY - JERRY - JERRY - JERRY - JERRY - JERRY - JERRY - JERRY - JERRY - JERRY
 
Let me make a list of a few experiences I have had that could stir a few ideas for a show:
A sale of over a $900,000 home being threatened by an argument over two $50 potted plants. I received final loan approval in the morning to have the buyer want … (73 comments)

real estate buyers: Not All Sellers Are Motivated - 12/19/07 12:33 AM
Earlier today I presented an offer for one of my buyers on a condo just outside of our planned community.
After pulling the comparable sales in that complex and a couple of neighboring properties of the same construction we determined the asking price was higher than what it should appraise for.  My clients really liked this one.  It had some upgrades and 2 parking stalls that were at the same level as the condo.  So after researching the numbers my clients settled on a price to offer the seller.
I submitted their offer to the listings agent.  Our offer was lower than the … (35 comments)

real estate buyers: Practicing or Performing Real Estate - 12/17/07 04:21 PM
                                                                               
I just read a blog post by Scott Daniels titled: You have to have the right tools in order to practice Real Estate.
He shared a story about a real estate agent who was trying to practice real estate without the proper tools.  Besides noting how poorly their clients were probably being serviced; it made me think of another question.  When taking on a client are you practicing real estate (I mean in the context of trial and error) or are you performing the business of real estate?
Many times we as professionals run across others in the industry that clearly does … (32 comments)

real estate buyers: You May Need a New Real Estate Agent if… - 12/06/07 02:16 PM
                                                                 
I decided to lighten it up a little today.  Here is a short list of things to watch out for when working with a real estate agent. 
If your agent has any or all of these attributes you may need a new real estate agent:
Drives a YugoHas a beeper instead of a cell phone.Drives the delivery truck from their regular job when showing properties.Is not a member of the Board of Realtors (says they are saving money).Has the nickname of Slick, Fast or Speedy or has a nickname of a city or state.Has a habit of putting their hand on … (31 comments)

real estate buyers: Why Use A Professional REALTOR® - 11/19/07 01:21 AM
In a time where television shows and get rich quick seminars teach people how to buy and sell homes on their own, I get asked this question from time to time.
Why don't we look at what a REALTOR® does and then we can ask that question again.
For Buyers
The process of buying a home has several steps to it.
Finding a lender and loan officerGetting pre-approved for a mortgage.Finding the right property.Identifying possible issues with the property.Drawing up the contracts. (In Hawaii our Purchase contract is 12 pages long plus in most cases several addendums).Establishing a value of the property.Negotiating the sale price … (0 comments)

real estate buyers: King For a Day Series – Real Estate Clients - 10/31/07 02:32 AM
After a comment from Jayne Dodgson on my previous post King For a Day Series - Real Estate Agents I realized I left off an important group in the series. 
If I were King For a Day what rules would I make for real estate clients to improve the process of buying and selling homes?
If I Were King, These are a Few Things I Would Require of All Sellers:
Be honest at all times.Give full disclosure to your agent and the buyers on any material facts.Return phone calls and needed documents on a timely basis.Allow a lock box with very few exceptions.Make … (14 comments)

 
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Randy L. Prothero - Hawaii REALTOR® (808) 384-5645

Mililani, HI

More about me…

Century 21 Liberty Homes

Address: 95-221 Kipapa Dr., E3, Mililani, HI, 96789

Cell Phone: (808) 384-5645

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