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Home Buying in 96816 : Real Estate Advice

  • All23
  • Local Info1
  • Home Buying10
  • Home Selling5
  • Market Conditions0

Activity 10
Fri May 20, 2016
Maingyi asked:
1487 HIIKALA PL APT 18 HONOLULU HI 96816 HOW MUCH IS WORTH?
0 votes 0 Answers Share Flag
Wed Oct 2, 2013
Mc Nelly Torres answered:
Hi Roberta,

I've been looking for you. I'm a reporter based in South Florida. My name is Mc Nelly Torres. You can google me. Can you please email me at torres@fcir.org. It is urgent that I talk to you. I hope that you get to see this soon.
Mc Nelly
... more
0 votes 4 answers Share Flag
Mon Feb 25, 2013
Dawn Ho answered:
This happens all the time, and is not abnormal. A buyer should not rely on either the listing info or tax info. An appraiser is the best person to determine the sq ft of any home.
1 vote 3 answers Share Flag
Mon Dec 17, 2012
Robert Adams answered:
We are experiencing low inventory here in Vegas too. The decrease is a direct result from AB284 that has caused banks to stop foreclosing. Since it was passed in Oct of 2011, REO inventory has decreased dramatically. The bill is up for reconsideration (possibly adding some amendments) when the Legislature meets again in Feb 2013. It will be interesting to see the new affects on the market once additional inventory is reintroduced to the market here. I for one think the market will soften slightly but not free fall like it was before. Right now with inventory being as low as it is buyers are in bidding wars often times competing with more than a dozen offers. With that being said people are paying above appraisal value and homes are appreciating again at a temporary rate that is way higher than it should be. A new wave of inventory would return the Vegas market back healthy growth with perhaps 2 or 3 offers on each property not a dozen.

Please tell me what is driving the major decrease in the inventory in the Oahu market? How long do you predict the shortage will continue? Also, is this on all the islands or Oahu specifically? Thanks in advance for your time.

Best Regards,
Robert Adams
Broker/Salesman
The Adams Team at
Rothwell Gornt Companies
C:702-349-9175
O:702-932-8813
F:702-932-8826
RobertAdams@LVrealestateHELP.com
http://www.LVrealestateHELP.com
... more
0 votes 2 answers Share Flag
Wed Jul 1, 2009
Orin Sherman answered:
Someone made an offer for it and got accepted. As always, if you like it, place an offer using the "Big Kahuna" or another honest agent and negotiate.
0 votes 2 answers Share Flag
Wed Jun 3, 2009
Monique Ting answered:
Rosemary,
Katie explained it very well in her answer. Let me add that in Hawaii, parties do not generally hire a real estate lawyer to go over contracts, unlike other states such as New York where I had the pleasure to practice real estate before moving to Hawaii.
Any reputable Escrow company in Hawaii will not let you open escrow without a "fully executed contract", meaning one that has been signed by all parties: sellers, buyers and both Brokerages.
Monique
... more
1 vote 4 answers Share Flag
Tue Jun 2, 2009
John Formica answered:
Hi Rosemary, that is not very unusual. Most of the time we keep doing open house after an offer is accepted. The status is changed to "pending" but most sellers will like to keep showing and accept back up offers because in today's market, as Frank mentioned , half of escrows don,t get to close because compliance with cities requirements, inspections and more strict loan practice. ... more
0 votes 3 answers Share Flag
Sun May 31, 2009
Rosemary Lee asked:
Sat Jan 24, 2009
Katie Minkus, R(B) answered:
Aloha, Vladimir - if you want or need any assistance or to see property while you're visiting the Big Island, please don't hesitate to contact me. I live in Puako Beach, on the Kohala Coast north of Kona by about 20 miles. 808-895-4327, katie@katieminkus.com. Have fun and best of luck to you!! Warm aloha, Katie Minkus, R(B). ... more
0 votes 14 answers Share Flag
Sat Oct 18, 2008
Frank Diaz answered:
Prices are now at or close to their late 2005 levels in many Honolulu neighborhoods. If it didn't sell for $942,000 then, it's not going to sell for that now.

The layout is kind of odd, with the basement and main floor, rather than a first and second story. Flooring is so-so, unless there have been recent upgrades.

I wouldn't pay over assessed value, personally. Comparable sales
3810 Waialae Ave 2
1673A Paula Dr A
3911A Maunahilu Pl
149 Maunalanikai Pl
108 Maunalanikai Pl
... more
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