Mary Jane Feldbergq

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Mary Jane Feldbergq,  in Honolulu
  • 4 Answers
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About Me
Mary Jane is a featured expert on HGTV's home show called "My House is worth What?". An above average agent and a Top Producer at Mary Worrall Associates in Honolulu, Mary Jane will work tirelessly for you until you find the right property. That may be your first home, an investment property in Waikiki or your dream retirement home in a quite corner of Hawaii.

Mary Jane has experience with development of single family homes, property management of multiple units and real estate sales. She believes in education and training and always keeping herself current on economic and market conditions, in order to be the most effective agent for her clients. She has achieved the desgination of Graduate, Realtor Institue and also ABR, Accredited Buyer's Representative,which makes her ideally suited to find your new home on Oahu or any of our other beautiful islands.

Please call with any questions about real estate in Hawaii.
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Mary Jane Fe…'s Questions (0)
Mary Jane Fe…'s Answers (4)
Mary Jane Feldbergq answered:
Hi Michael,
Walt is correct in his response. You will get more concessions when dealing with the financing aspects or the points on the loan, or even reduced maintenance fees. Sales prices for newer homes are still relatively fixed, because there is always more demand for new construction. What will be affected more are the homes that sold in the last 2 years.

Go tohttp:// www.worrall.com for more info - Tue Apr 22 2008, 17:06
Mary Jane Feldbergq answered:
Aloha Linda,
Sometimes if something is too good to be true, it generally is. I am originally from Canada (West Coast) and currently live in Hawaii. I have several clients who were looking at Florida and are now looking in Hawaii. You did not mention what kind of cap rate you would get with your rental and if it was a single unit or a multi family property. There are several projects currently in Waikiki with a cap rate of 7% or more. You can't get any better press than Waikiki! See link below for more info. - Tue Apr 22 2008, 17:01

When would an interest only loan be a good idea?

Mary Jane Feldbergq answered:
Most loans in the initial years only apply the payment to interest, with very little going to principal. You could go with an interest only loan if you were planning on refinancing or selling the home within 5 years. Statistics show that most mortgages are amended or cleared within 7 years. I would not recommend that you continue the interest only loan for 30 years, that would be like renting were you would be responsible for all of the maintenance also. It would result in a model very much like leasing a vehicle, where you still have a large buyout.

I would most definately not recommend the optional arm, which to me seems the same as reverse amortization as your debt can easily increase every month. - Tue Apr 22 2008, 16:51
Mary Jane Feldbergq answered:
As several competent agents have already stated, it is a matter of respect for another agent and also to clarify the situation. If you have an agent, then the polite and common sense course of action would be to simply answer your questions. After all, they are representing their Seller. If you do not have an agent and it turned out that you did not like the original house that you called on, then they would be free to offer you alternative homes. They would not suggest alternatives if you were represented already because of ethics and laws. - Tue Apr 22 2008, 16:47
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