"Buyers Market" Still Hasn't Sunk In Yet

By
Real Estate Agent with Hawaii Military Realty, Inc.

by: David Kucic, Hawaii Real Estate Agent

Hawaii Real Estate

This is not news to any REALTORS but it seems as though the general public still isn't grasping this yet.  I know that their listing agents are telling them that we are in a buyers market but they don't want to listen.

What part of the country are you from?  Are you seeing the same thing or is it only in Hawaii?

I am still finding sellers that will not give credits to buyers EVEN IF the buyers agree to a higher purchase price in order to get the rebate!  The appraisal at the higher price would go through without a hitch!

Some of these just baffle me beyond belief such as a single family priced appropriately, days on market 138 but the sellers did not want to increase price by 5k and give a 10k credit.  Okay, so they would be getting 5k less than listing price but did they really think they were getting a full price offer anyway especially after 138 days?  To make matters worse, they were going to net well over 130k from the sale! 

My buyers decided to back out and reject their last counter offer because they were being so greedy.

MILITARY BASES, POSTS AND FORTS ON OAHU, HAWAII AND POHAKALOA TRAINING AREA BIG ISLAND OF HAWAII

Schofield Barracks: Mililani, Wahiawa, Kapolei, Waipahu, Ewa Beach, Waipahu, Makakilo, Oahu, Hawaii Schofield Barracks and adjoining Wheeler Army Airfield are the 2nd Brigade, 3rd Brigade, Aviation Brigade, 45th Sustainment Brigade and the 8th Military Police Brigade.  In addition, the 8th Theatre Sustainment Command, 65th Engineer Battalion, 25th Special Troops Battalion and the 556 Personell Service Battalion are also part of the Division team and play an integral role in the success of the Division.

There are also two Brigades that are stationed in other locations.  The 1st Brigade is stationed at Ft. Lewis, Washington and the 4th Brigade is stationed at Ft. Richardson, Alaska.

The 25th Infantry Divison has proudly served in numerous wars and conflicts around the globe.  The Soldiers that make up the division are currently deployed to several locations to include Iraq.

Pearl Harbor: Pearl City, Pearlridge, Aiea, Salt Lake, Honolulu, Waipahu, Oahu, Hawaii

Hickam Air Force Base: Pearl City, Pearlridge, Aiea, Salt Lake, Honolulu, Waipahu, Oahu, Hawaii

Marine Corps Base Kaneohe: Kaneohe, Kailua, Oahu, Hawaii

Camp H. M. Smith: Salt Lake, Moanalua, Honolulu, Aiea, Pearl City, Pearlridge, Oahu, Hawaii

Tripler Army Medical Center: Salt Lake, Moanalua, Honolulu, Aiea, Pearl City, Pearlridge, Oahu, Hawaii

Fort Shafter: Salt Lake, Moanalua, Honolulu, Aiea, Pearl City, Pearlridge, Oahu, Hawaii

Wheeler Army Airfield: Mililani, Wahiawa, Kapolei, Ewa Beach, Waipahu, Makakilo, Oahu, Hawaii

Helemano Military Reservation: Wailaua, Wahiawa, Mililani, Haleiwa, Oahu, Hawaii

Kahuku Training Area: Kahuku, Oahu, Hawaii

Kilauea Military Reservation: Hilo, Kona, Hawaii

Pohakuloa Training Area: Hilo, Kona, Hawaii

Makua Military Reservation: Waianae, Nanakuli, Makaha, Oahu, Hawaii

 

 

TEMPORARY LODGING FACILITIES FOR THE ARMY, NAVY, AIR FORCE, MARINE CORPS, COAST GUARD, RESERVISTS, NATIONAL GUARD, DOD CIVILIANS AND RETIREES ON OAHU, HAWAII

The Hale Koa Hotel on Waikiki Beach: Honolulu, H

The Inn at Schofield Barracks: Mililani, Wahiawa, Kapolei, Waipahu, Ewa Beach, Waipahu, Makakilo, Oahu, Hawaii

The Royal Alaka'i at Hickam Air Force Base

The Lodge at Kaneohe Bay and the Cottages at Kaneohe Bay

Navy Lodge Hawaii at Pearl HarborThe Beach Cottages at Kalaeloa (formerly Barbers Point NAS): Mililani, Wahiawa, Kapolei, Waipahu, Ewa Beach, Waipahu, Makakilo, Oahu, Hawaii

Tripler Army Medical Center Guest House

Bellows Air Force Station Beach Cabins

 

GOLF COURSES ON OAHU, HAWAII FOR ARMY, NAVY, AIR FORCE, MARINE CORPS, COAST GUARD, RESERVISTS, NATIONAL GUARD, DOD CIVILIANS AND RETIREES

 

Leilehua Golf Course (Army, Schofield Barracks) Mililani, Wahiawa, Kapolei, Waipahu, Ewa Beach, Waipahu, Makakilo, Oahu, Hawaii

Walter Nagorski Golf Course (Army, Ft. Shafter)

Mamala Bay Golf Course and Kealohi Golf Course (Air Force, Hickam AFB)

Kaneohe Klipper Golf Course (Marine Corps, Kaneohe Bay)

Barbers Point Golf Course (Navy, Barbers Point): Mililani, Wahiawa, Kapolei, Waipahu, Ewa Beach, Waipahu, Makakilo, Oahu, Hawaii

Navy Marine Golf Course (Obvious Right?)

 

COMMISSARIES ON OAHU, HAWAII FOR ARMY, NAVY, AIR FORCE, MARINE CORPS, COAST GUARD, RESERVISTS, NATIONAL GUARD, DOD CIVILIANS AND RETIREES

Schofield Barracks Commissary near Wahiawa, Waipahu and Mililani, Hawaii  Kaneohe Marine Corps Base Commissary near Kaneohe and Kailua, Hawaii             Barbers Point Commissary near Kapolei, Ewa Beach and Makakilo, Hawaii            Pearl Harbor Commissary and Hickam Air Force Base Commissary which are both near the cities of Pearl City, Pearlridge, Aiea and Honolulu.

Aloha From Paradise,

David Kucic, Hawaii Real Estate Agent

www.davidkucic.com

 

 

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Rainmaker
658,918
Randy Prothero
eXp Realty - Mililani, HI
Hawaii REALTOR, (808) 384-5645

What was the reason the seller's agent gave you?

I have seen some of these offers where the buyers agent is asking for a higher price than can appraise and a credit back. 

Feb 07, 2007 08:47 PM #1
Rainmaker
161,393
1SG (Ret.) David Kucic
Hawaii Military Realty, Inc. - Ewa Beach, HI
President and Owner

Randy,  The reason was because the sellers had a set amount that they "Knew" they wanted to net from the sale and they refused to deviate from it.  Believe me, their agent was on our side but couldn't get through to her sellers.

 

Feb 08, 2007 02:45 AM #2
Rainer
52,786
Dan Allred
Allred Realty - Thousand Oaks, CA
DRE#01761967
we are seeing similar things in Sothern Ca. but most sellers know that the market has majorly shifted over the past 6 months. It has gone from above asking with multiple offers to sitting for upto 6 months overnight. we are seing most sellers understand the market has changed but are still holding out for close to asking price.
Mar 03, 2007 04:04 PM #3
Rainmaker
161,393
1SG (Ret.) David Kucic
Hawaii Military Realty, Inc. - Ewa Beach, HI
President and Owner
Same here Dan and thats what prompted me to write the blog.  Some of these sellers must not really want to sell because they are sticking firm with obviously over inflated prices and are still refusing to give any credits let alone lower their price.  And they wonder why their DOM just keeps increasing with no offers?????
Mar 03, 2007 05:11 PM #4
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Rainmaker
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1SG (Ret.) David Kucic

President and Owner
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