kailua: Where do we go from here?
- 07/05/08 12:36 PM
Well, here we are on the day after a "safe and sane" July 4 holiday. Back to reality for awhile. Crude oil prices are now our top economic concern, outweighing the housing market and credit problems. I guess this means we can now focus on selling homes in a new environment? Maybe the FED will hike rates soon just to keep things interesting? It seems that the experts, whoever they are are looking for a couple of hikes before the end of the year, just to keep us on our toes. Ahhh, life is good if we don't weaken. Of course, … (15 comments)
kailua: Plan, Plan, Plan
- 03/12/08 05:30 AM
Just a quick Reminder!!!! It's time to quit wishing for sales success, and make a plan to achieve it! This is a tough buyer's market, but one can't sit by and wait for cleints to come knocking! A goal without a plan is only a wish. Most of us just sit by wishing for things to happen and they seldom do. In this kind of market, you might now have a little time to get planning. Make a detailed plan of action and then start implementing it. Your business is up to you. Just a short thought for the day. RE/MAX Kai … (23 comments)
kailua: Phishing and Spoofing can be dangerous to YOU!!!!
- 02/12/08 03:31 AM
If you receive email requesting confidential information of any type, please be very VERY careful. "Phishing" and "spoofing" email cannot be taken at face value; they are fraudulent in every sense of the word. They may appear if you look at them only casually, to be from a well-known company and ask you to click on a link. They may ask you to provide, update or confirm information that may not even appear to be confidential, but may be a route to confidential information they can access by other means with the information you provide. Most of us are pretty alert to watch for requests for Social … (13 comments)
kailua: Maui and Lanai are having a Hard Time
- 02/11/08 12:32 PM
Sales of single-family homes on both Maui and Lanai fell dramatically to their lowest point in several years in January. There were only 56 homes sold last month, 55 of which were on Maui and only one on Lanai. This compares to 106 that were sold in January of 2007. This was the lowest number of sales in the last five years. By comparison, the lowest number of sales last year occurred in September when 74 homes were sold. I surely hope this isn't catching. RE/MAX Kai Lani, 25 Kaneohe Bay Drive, #109, Kailua, HI 96734 (808)237-5300 … (4 comments)
kailua: Successfull Pricing Strategies for a Buyer's Market
- 02/08/08 05:35 AM
It's not easy to be a Seller's Agent in this Buyer's Market. And, while our agents really love to work as Buyer's Agents, it is not at all wise to pass up an opportunity to take a good listing. I doubt that it comes as news to anyone, that all Housing Markets are "Local". This is true even in a "Small Town" like Hawaii. With a little research, however, our odds of making and closing any given sale are improved tremendously. William Poorvu, professor emeritus at Harvard Business School and author of "Creating and Growing Real Estate Wealth." Notes that "You've got to … (5 comments)
kailua: Surviving in a Buyer's Market
- 02/06/08 09:19 AM
Surviving in a buyer's market is tough at best. At times like this, it is imperative that one makes themselves and their companies indispensable to the people they serve. We must all become the "must-have" provider of solutions for our clients and for those who will be buying, selling, or leasing property. This means that they need to believe that they simply can't get by without our services, and that no one can service their accounts as well as us, and here is where it becomes really personal. We all need to be as customer service oriented as we can possibly make ourselves and strengthen … (1 comments)
kailua: California Home sales off 1/3 in December!!!!!!
- 01/29/08 11:52 AM
Wow, it's worse than I thought, According to the California Association of Realtors home sales are off 33% in December as compared to December of 2006. Prices are not off that bad, dropping only 16 1/2 per-cent. Prices in the Bay area are holding better with a comparable drop of only .2%. I think Uncle Sam is priming the pump for a temporary fix though with FHA incrasing the loan ceiling for qualified buyers and the cuts in the interest rate. Cash rebates to selected taxpayers or non-taxpayers will pump additional liquidity into the economy. Pretty soon these will take hold. … (6 comments)
kailua: URGENT - ACTION REQUIRED NOW!
- 01/21/08 06:02 AM
The Hawaii State Bar Association is muscling in on the Real Estate Business in Hawaii BIG TIME! Hawai'i Rules of the Supreme Court, Proposed Rule Regarding the Unauthorized Practice of Law The Legal Profession has just done an end run on us in Hawaii. They are proposing that the Hawaii Supreme Court Change the Rules in a way that would require every real estate agent to insert the services of a lawyer into every transaction that would be done in the State. This is a blatant attempt by the legal community to insert themselves into the real estate and other businesses … (14 comments)
kailua: Kailua Sunrise
- 01/19/08 01:08 PM
A Sunrise in Kailua is like none anywhere in the world! It is just and absolutely splendid. It is not unusual for us to awaken to a site like this from our home in Kaimalino in Kailua! What a wonderful place to live. We are generally favored with this kind of view in the winter when we have a little more rain than usual and temperatures in the mid 70's during the day. Evenings are another matter! Temperatures dive to 65 degrees and we absolutely freeze! It's tough to have to put on sweats or a jacket and long trousers to … (23 comments)
kailua: Hawaii "Big Island" Home Sales
- 01/13/08 05:57 PM
Just by way of comparison with the earlier report on the home market on Kauai, Sales on the Big Island of Hawaii show a very different trend. Sales of single-family homes there fell 20 percent and prices are off 6 percent. Condos show a similar trend with sales off 31 percent while median prices are off about 8 percent. Clearly, each Island has its own market. We are still having great business here on Oahu, but even still the number of homes, both single family homes and condos are off pretty substantially but prices are holding reasonably firm. Our agents are staying … (2 comments)
kailua: Kauai Real Estate Market
- 01/13/08 05:42 PM
Some pretty interesting stuff going on in the real estate market here in Hawaii. There are some indications that off island money is starting to come into the market in increasing amounts as evidenced by some recent advances in prices. Kauai is noteworthy in this regard as condo prices there are up 40 percent last year, even if the number of sales is off substantially. Single Family Home Prices there are holding firm with prices off a paltry 4%. On Oahu, our Property Managers are getting a lot of units from would be sellers who are simply not willing to reduce their prices … (2 comments)
kailua: Bureau of Conveyances to Automate
- 01/11/08 06:30 AM
It appears that we may get our Hawaii State Bureau of Conveyances to move into the modern era as they are planning to convert to an on-line records system. This will allow owners to opt out of a manual process beset with bureaucratic logjams of the first order. This may also help with the identity theft issue. Thank heaven for the task force that was convened by the DLNR that includes professionals from title companies, banks, lawyers, labor, the Hawaii Association of Realtor (HAR). This is long overdue. Governor Lingle is pushing this with the legislature. If you are so inclined, it is always … (0 comments)
kailua: Tax Legislation Kicking In in 2008
- 01/04/08 07:15 AM
There are a couple of new laws taking affect this year in Hawaii that we all need to know about. Our legislature passed two tax cut laws last year that will grant a tax credit up to $160.to our low end wage earners The state will try again to regulate health insurance rates. I would guess we can look for several of our health insurers to pack their bags and go! I hope we will be able to get them back when the unintended consequences of this kind of legislation becomes evident to the geniuses in public office in Honolulu. From another front, a one-hundred per-cent … (6 comments)
kailua: Home Sales are Off, Prices Up
- 01/02/08 11:35 AM
According to the Honolulu board of Realtors, HBR, single family home sales on Oahu are off 10% in 2007. Condo sales were off almost 14% in the same period. Median prices for Single Family Homes were up 2.1% and Condos up 4.8% for the same period. This kind of reduction in the number of homes sold makes life a little difficult for our sales Agents, but in the main most are still doing pretty well. Our guys are just working harder and smarter to be sure that they are keeping their businesses working. One might wonder if this might indicate a slowing in our … (4 comments)
kailua: Hawaii Hotel Room Occupancy Drops
- 12/31/07 01:16 PM
Our hotel room occupancy in December was approximately 9 per-cent lower than in December 06. As of last week our occupancy was just over 60 per-cent. This is not good. Kauai increased their occupancy rate to 56.6%, just behind Oahu and Maui dropped 8.7% to come in just a little higher than Oahu at 64.4%. On the Big Island of Hawaii, they were down to 50.2%. With our visitor load dropping, are we going to see the home market tighten up? Of course, prices were up everywhere except Maui where they dropped to $296 per night. On the mainland where tourism doesn't play … (2 comments)
kailua: Mortgage Rates
- 12/28/07 05:07 PM
Mortgage rates trended upwards again at the largest banks in Hawaii. After dropping below 5.75% last week, we saw rates offered at 5.875 percent and 1.5 -1.625 points on a thirty year fixed rate loan. American Savings Bank and Central Pacific Home loans both offered a six percent rate with 1.75 points. This followed an increase in the core price deflater that in turn caused long-term bond yields to rise last week. Even still, interest rates are historically attractive, making it a great opportunity for buyers to invest in the Hawaiian Home Market before investors in India and China figure out how much they can … (0 comments)
kailua: Home Prices Down for TEN Months
- 12/27/07 06:24 AM
Home prices continue to drop in the good old USA for ten months now. The latest drop of 6.7% was the largest drop since April of 1991. This is discouraging consumer spending, and we might soon see it impacting our tourist industry here in Hawaii. I guess this could impact our home sales which have been declining in volume, but have been holding reasonably firm accross the island of Oahu. Kailua seems to be somewhat insulated from that, and we don't see any significant sell of in the immediate future. These are indeed interesting times. RE/MAX Kai Lani, 25 Kaneohe Bay Drive #109, … (2 comments)
kailua: What is a Short Sale
- 12/01/07 07:44 PM
We had a class on Short Sales last week and it really opened our eyes. The Brokers who have been through a couple of buyer's markets before had already been down the short sale road, but our newer agents had their eyes opened to the considerable risks involved in a short sale. To manage a short sale either as the seller's agent or buyers agent requires some special skills and lots of specialized training. The complications are such that the unwary should not venture into the experience without someone who has "been there and done that" looking over their shoulder. If … (8 comments)
kailua: Founder of RE/MAX in Hawaii
- 11/19/07 06:39 PM
RE/MAX Kai Lani is proud to announce that Dave Liniger, Co-Founder and Chairman of the Board of RE/MAX International and Margaret Kelly, the CEO of RE/MAX will be in town Tuesday, November 20, 2007 and will be doing a presentation on Agent Profitability in Any Market from 9:00AM to 12:00Noon at the Waikiki Beach Marriott, 2252 Kalakaua Avenue. Continental breakfast will be served. Following the presentations, there will be a meet and greet reception in the Salon Rooms B and C. We feel really fortunate to have a person of this caliber coming to talk with us and give us some … (10 comments)
kailua: Oahu Housing Trends
- 11/12/07 07:19 AM
While home sales numbers are down in Hawaii, our prices are holding firm. Here is a link to Oahu Housing Trends published by the Honolulu Board of Realtors (HBR) http://www.hicentral.com/pdfs/OHT_3Q07.pdf. I think you will enjoy taking a look at it. This is a great link providing current information of special interest to Realtors and Agents working with clients buying, selling or investing in property on Oahu. Oahu by the way, is the island with Honolulu, Waikiki, Pearl Harbor, Diamond Head and Kailua. There are other places, but these should help the Malahini keep straight. Oh yes, Kailua is where one will find RE/MAX … (2 comments)
This is a company BLOG for RE/MAX Kai Lani of Kailua, Oahu, Hawaii. The BLOG is designed to provide information on the Real Estate Market and Home Rental Market in Hawaii. We have a fantastic Web page at www.remaxkailani.com. Check out our Links! There is something for everyone.
Well, here we are on the day after a "safe and sane" July 4 holiday. Back to reality for awhile. Crude oil prices are now our top economic concern, outweighing the housing market and credit problems. I guess this means we can now focus on selling homes in a new environment? Maybe the FED will hike rates soon just to keep things interesting? It seems that the experts, whoever they are are looking for a couple of hikes before the end of the year, just to keep us on our toes. Ahhh, life is good if we don't weaken. Of course, … (15 comments)
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