real estate: Las Brisas in Ewa Gentry - July 2007 Real Estate Sales Activity
- 08/10/07 10:45 AM
Las Brisas is a development within the planned community of Ewa Gentry in Ewa Beach, Hawaii (makes up part of tax map key 191).
Single Family homes: The numbers in Las Brisas. Sales activity ion Las Brisas has softened from 2006. There is a lot of new home developments in the area competing with the resale market, along with a large amount of resale inventory in the neighboring communities. It is a good area for buyers to find good deals in a time where Oahu median prices have been climbing and hit a record high island wide in June.
Currently Active for Sale … (0 comments)
|
real estate: Mortgage Money is Getting Tougher, Get a Good Professional
- 08/09/07 10:04 AM
If you are thinking about getting in the market to buyer or sell a home, DON'T WAIT! The mortgage side of the business is going through some major changes and it is already becoming harder to buy or sell real estate. Mortgage money is drying up in several segments of the industry.
If your credit is shaky, getting a mortgage has gotten much harder and possibly impossible in most cases.
For those looking to do 100% financing, you may have already waited too long, unless you have VA (government guaranteed loan) benefits. Another alternative may be to go FHA (government insured loan), where … (21 comments)
|
real estate: Selling in A Tough Market
- 08/06/07 06:12 PM
You read and followed the best advice for getting your home prepared for sale. You removed negatives by painting, upgrading flooring and counter tops. You have wonderful curb appeal, you had a landscaper come in and make yours the nicest looking yard on the block. After reading and watching cable TV you even had your home professionally staged. So far so good.
Man your home is looking so good. It is looking so good that you are sure it will sell for more than the others in your area. Earth to seller you are leaving the path.
Until now you were doing well. … (33 comments)
|
real estate: If You See This Run!
- 08/03/07 09:04 AM
Just to lighten it up a bit. Here are a few company names and slogans that if you see run:
Company:
Bob's Mortgage and Hair Cutting EmporiumCheapo RealtyLucky Lefty's Loan ServiceU'v Been Had MortgageTrust Me Realty, Mortgage and InsuranceKwik and Slik RealtyUpside Down Mortgage ServicesFleece U MortgageBait and Switch Fishing Supply and MortgageThe One Stop ShopU Sell RealtySlogans and Ads:
Nobody I mean nobuddy beats my PRiCEsCall me, the other guys stink.If you have to ask you can't afford it.The last mortgage you will ever get need.Building a Better Yesterday.You are a winner of your number is .......We Buy HomesWanted real estate apprenticeGet rich … (21 comments)
|
real estate: Accredited Buyer's Representative Class was a Great Investment of Time and Money
- 08/01/07 01:45 AM
I was a little tentative about taking the Accredited Buyer's Representative (ABR) classes. I have my CRS the granddaddy of designations and felt the ABR may be a CRS light.
There were three things that changed my mind and helped me make the decision to go for my ABR and take the classes:
The predatory practices of several agents in the area.Professionalism; is it professional to work with a client without clearly spelling out your relationship in writing?The need to demonstrate to the public that I take my business serious.I have resisted using buyer's agency contracts in my business for several reasons. … (58 comments)
|
real estate: Screening Pre-Approval Letters From the Lenders
- 07/22/07 07:38 AM
This is becoming a big problem in my market as I am sure it is in all markets.
Here is a common scenario:
You receive an offer on one of your listings and it has an attached loan approval letter. The loan is for 100% financing, the contract is messy, not complete and may have a unusual request or two. You have never heard of the REALTOR® , their company and more importantly the loan officer or their company.
The loan approval letter came from Bob's Mortgage and Hair Cutting Emporium.It is unsignedIt is in Microsoft Word format, meaning there is a good … (30 comments)
|
real estate: Honolulu Going to Electronic Lock Boxes
- 07/21/07 08:59 PM
It is official; the Honolulu Board of REALTORS ® announced that beginning 2008, our members will have the option of upgrading to the newest state of the art electronic lock boxes.
The product and system selected by the Board is the SentriLock, REALTOR Electronic Lockbox. The company is developing a new product to meet our needs in Hawaii. With our many condos and gated areas there is a need for a box that can hold the various types of keys and cards for elevators, gates etc., along with the standard door keys.
Yesterday at a broker's forum held at the Hilton Hawaiian Village … (31 comments)
|
real estate: Karla Timon an ASP Home Stager From Hawaii - Welcome to Active Rain
- 07/21/07 09:05 AM
Yesterday I met a new Active Rain member. Karla Timon from Bloom Again Homes Staging.
As many of you know I have made comments on Active rain about how difficult it has been in Hawaii to find a real professional in the home staging business that I can work with and depend on. In the past I have spoken to a few people in the business and found it like trying to grab smoke. I can never get a handle on how they charge and what specific services they provide for the charge.
Speaking to Karla, an ASP Home Stager yesterday was … (10 comments)
|
real estate: What Do You Consider Full Service?
- 07/20/07 03:49 PM
This is a question that comes up in conversation among REALTORS ® and the public regularly. Why is this hard to answer? It is because everyone has a different idea of what is full service or even service for that matter.
I turned on the morning radio and listened to local real estate agent talk about how he charges a lot less and saves clients money while providing them the very same services. I thought that sounds like something the consumers would be looking for; the very same service for less money.
Later that day I heard a commercial for another company advertising … (54 comments)
|
real estate: June 2007 Real Estate Sales Activity in the Village Park
- 07/16/07 08:28 PM
Village Park is a community in Waipahu, Hawaii (makes up part of tax map key 194).
Single family home sales volume has remained consistent with 2006 numbers, while average sales prices have seen increases over 2006.
Here are numbers for single family homes in Village Park:
Currently Active for Sale (July 16, 2007):
16 Single Family HomesCurrently in Escrow (July 16, 2007):
4 Single Family Homes*These numbers were taken from the Honolulu Board of Realtors MLS system and are deemed to be accurate, but not guaranteed.
You can find out more about real estate in Hawaii at: http://www.hawaiirandy.com/
Or at: http://www.localism.com/
… (0 comments)
|
real estate: Is Television Helping or Hurting Real Estate?
- 07/15/07 08:15 AM
I think the answer is both. Shows that talk about flipping properties seem to ever simplify the process. I find clients, who think they will buy a home, slap a few thousand in it and flip it for giant profits, all in 10 days. That is where some of the shows on television have hurt us a bit.
In our real estate market on Oahu in almost every case there is one reason someone may be in trouble of losing their home. It is usually because they made some real bad decisions or some catastrophic happened. Our market hit a record median … (56 comments)
|
real estate: Real Estate Sales Activity in the Maili – June 2007
- 07/15/07 07:17 AM
Maili, Hawaii is located on the Leeward (west) side of Oahu. (tax map key 187).
Maili Single family homes sales volume has slowed from the 2006 numbers. Average sales prices year to date have continued to climb. Inventory levels are continuing to climb with over 24 months worth of inventory. Expect prices to cool with that many homes available.
Maili condos and townhouses have seen a drop in sales volume from the 2006 levels. Average sales prices have shown an increase year to date. There were no closings in June. Inventory levels are quite low, so if the sales levels pick back … (0 comments)
|
real estate: Las Brisas in Ewa Gentry - June 2007 Real Estate Sales Activity
- 07/15/07 06:34 AM
Las Brisas is a development within the planned community of Ewa Gentry in Ewa Beach, Hawaii (makes up part of tax map key 191).
Single Family homes: The numbers in Las Brisas. Sales activity ion Las Brisas has softened from 2006. There is a lot of new homes development in the area competing with the resale market, along with a large amount of resale inventory in the neighboring communities. It is a good time for buyers to find good deals in a time where Oahu median prices have been climbing and hit a record high island wide.
Currently Active for Sale (July 15, … (0 comments)
|
real estate: Montecito/ Tuscany in Ewa Gentry - June 2007 Real Estate Sales Activity
- 07/15/07 06:19 AM
Montecito/ Tuscany is a development within the planned community of Ewa Gentry in Ewa Beach, Hawaii (makes up part of tax map key 191).
Single Family homes: The numbers in Montecito/ Tuscany are low. That is due to the age of the homes. Most have been owned less than 2 years, all built in 2005 ans 2006. As we continue on during the 2007 look for sales numbers to climb as home owners hit their 2 year anniversary.
Also there is still a lot of new construction in the area, putting the developers in direct competition for home owners.
Currently Active for Sale … (0 comments)
|
real estate: How Short is a Short Sale?
- 07/14/07 02:44 PM
In a previous blog post I wrote about three agents I have run into recently that were less than professional in their dealings.
The hopefully final chapter in this series came to conclusion today.
I have a buyer who I have done other transactions with in the past. He has been successful with real estate investing and has become a friend.
There is a particular newer development hew has had his eye on for awhile. He has kicked around the idea of making one of the homes on the ridge with a coastline view his residence. The prices have softened a bit there … (19 comments)
|
real estate: Expecting Professional Behavior, Part 3 – The Deal Dies / Other Agent Still MIA
- 07/14/07 12:42 PM
Just to recap where we left off. I have one of my listings in escrow. The agent on the other side is a principal broker. They have blown every deadline so far on this sale. The transaction has a long closing timeline. My client is out of town on the east coast looking for a replacement home.
I left off the story where the buyers finally made their second deposit and the appraiser made his inspection.
Early in the week I received an extension request sent to me by the other agent's assistant. There is still no sign of a letter from … (12 comments)
|
real estate: Expecting Professional Behavior, The Story Gets Worse – Part 2
- 07/14/07 10:12 AM
Just to recap where we left off. I have one of my listings in escrow. The agent on the other side a principal broker, I had not seen or heard from since day 1. They have blown every deadline so far on this sale. The transaction has a long closing timeline. My client is out of town on the east coast looking for a replacement home.
I left off the story where we got the home inspection signed off and we are now waiting for the appraisal and loan commitment letters. Before I go too far, I might add that the buyers … (16 comments)
|
real estate: Expecting Professional Behavior, The Story Gets Worse – Part 1
- 07/14/07 09:08 AM
Since writing the blog post yesterday where I referenced three agents who I have had bad experiences with in the last few weeks one of transactions is now at the next level.
One of the things I dread about dealing with a bad agent is not just the problems they create while in the transaction, but the long term hassles that may come from it. I have an escrow with a principal broker on the other side. Until 4 weeks into the escrow I thought he was a figment of someone's imagination. I have never seen, spoken or even got a returned … (6 comments)
|
real estate: Am I Being Mean For Expecting Professional Behavior?
- 07/13/07 04:48 PM
Have you had one of those days where you lose your patience with agents or vendors who just are not doing their job in a professional manner.
In the last month or so I have had a years worth from others involved in some of my transactions.
Unreturned phone calls and e-mail messagesContracts not followedOffers not presentedPaperwork incompleteNondisclosureI general the Realtors, loan officers and escrow folks that I work with are top notch pros. For some reason the moon and stars must be lined up wrong or something, but I have been seeing a lot of unprofessional behavior lately. I hope that this … (40 comments)
|
real estate: Salt Lake, Hawaii Area - June 2007 Real Estate Sales Activity
- 07/12/07 08:45 AM
Salt Lake Area (tax map key 111, includes Moanalua, Aliamanu, Mapunapuna and Airport Area)
The below figures include both fee simple and leasehold properties. These are only the totals and averages.
Single Family homes sales have softened. Average sales price of single family homes has begun to climb again. Both May and June have shown that trend over 2006 numbers. Sales volume is down from last year. There is currently just a little over 5 months of inventory, down from 8 months in May. If these trends continue Salt Lake is moving from a buyers market to more of a balanced market.
Condo and … (6 comments)
|
Las Brisas is a development within the planned community of Ewa Gentry in Ewa Beach, Hawaii (makes up part of tax map key 191).
;)
;)
;)
