A Merrie Hana Hou! - 04/29/11 01:55 PM
It's always a little sad to see Merrie Monarch end. Two years ago about this time, Miles and I opened the airport snack bar so we were inside the secure area as everyone headed home. What happened in the airport was one of the most amazing things I've ever witnessed. It began Thursday as some Ho`ike participants began leaving.  From then until the last flight left on Sunday, we were treated to the show of our lives. With so much talent assembled in one place, a spontaneous mini-celebration was bound to happen and it did so in a big way!  As … (0 comments)

Catchment "101" - 04/22/11 10:49 PM
You may be surprised to learn that homes all over the world depend on catchment systems. The report "Guidelines on Rainwater Catchment Systems for Hawaii", estimated that in 2010, some 30-60,000 people in this state rely on catchment systems for their basic water needs. Time was, catchment systems were deemed inferior to "piped" public water. In the past, limited inventory coupled with the desire of (especially) off-island purchasers to obtain respite from cramped housing spaces has made the issue of catchment very much a "non-issue". This is especially true in East Hawaii where rainfall amounts generally insure tanks are kept generously … (0 comments)

1st Quarter 2011 Update: Time to Become a Statistic! - 04/20/11 01:57 PM
First quarter updates are always difficult to interpret. For a number of reasons, we try to close as many sales as possible before the end of the year; buyers want to close so that they can apply for their homestead exemption, sellers want to close for tax purposes, REALTORS® want to close because it favors their commission split. Closings during the 4th quarter, therefore, are normally higher than any other time of year. Still, our broker reports an extremely brisk first quarter in terms of new escrows and contracts. So, even when the numbers don't indicate market improvement, we still see … (0 comments)

The Times Are Exchanging - 04/08/11 01:39 PM
The tax consequences of trading spaces are fairly painless if you participate in an Internal Revenue Code Section 1031 tax deferred exchange. Such exchanges allow sellers to defer taxable gain on investment properties. The key to this concept is that taxes are deferred which means, of course, that at some point, they must be paid. While specific rules are but a quick “Google” or “Yahoo” search away, there are critical reminders and suggestions which aren’t part of any published guidelines. Your purchase agreement is one of the first places an exchange can get into trouble. It’s fairly common for me to … (0 comments)

How Much Is It Worth? (aka: Why HVCC Doesn’t Work) - 04/01/11 08:45 PM
I certainly wish I had a nickel for every time someone asked how much their home is worth. Value is represented in various ways: construction cost, assessor’s value, insurance value, and loan value, to name a few. Here’s a bit of practical insight into the current appraisal process. Lenders still depend on appraisers to provide an objective opinion of value, but a new twist called HVCC prohibits lenders from speaking directly to the appraiser. Appraisals are generally ordered through a disinterested third party vendor called an appraisal management company (AMC). Lenders rarely know who has the appraisal order until an inspection … (1 comments)

 
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Denise Nakanishi

Hilo, HI

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Prudential Orchid Isle Properties

Address: 101 Hualalai, Suite A, Hilo, HI, 96720

Office Phone: (808) 969-7863

Cell Phone: (808) 854-1570

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