Get Off The Fence!

Real Estate Agent with Hawaii Military Realty, Inc.

Are you still "sitting on the fence" and waiting to buy your piece of Hawaii Real Estate?  Are you waiting for the prices to drop further?

I put these charts together to illustrate what could happen if you continue to wait on the prices to drop 10% but at the same time, interest rates increase 1%.

The first chart depicts purchasing a home now at an interest rate of 5% with 100% financing.  With VA home loans in Hawaii for military, 100% financing is still possible. 

The second chart shows what will happen if you wait on prices to drop 10% from the current price and the interest rate to go up to 6%.

Don't forget that the longer you wait to buy, you continue to pay rent which is money that is disappearing and will not find its way back into your wallet.


 Purchase Price                                                       Monthly Payment (principal and interest only)

$300,000.00 @ 5%


$400,000.00 @ 5%


$500,000.00 @ 5%


$600,000.00 @ 5%



Purchase Price                                                        Monthly Payment (principal and interest only)

$270,000.00 @ 6%


$360,000.00 @ 6%


$450,000.00 @ 6%


$540,000.00 @ 6%



Fact #1:  Interest rates for 30 year VA home loans in Hawaii are currently hovering around 5% to 5.5% as of the submission date of this post.

Fact #2:  There is a large inventory of homes for sale right now. 

Fact #3:  Many Sellers are motivated to sell you their house and may be willing to negotiate.

Unknown #1:  House prices.  Are they going higher or lower?

Unknown #2:  Interest rates.  Are they going higher or lower?


Happy house hunting! 

David Kucic, RE/MAX Honolulu located in the Kapolei, Hawaii branch.

Phone: (808) 218-9338

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VA Home Sales Expert in Hawaii


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1SG (Ret.) David Kucic

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