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Market Conditions in Honolulu : Real Estate Advice

  • All352
  • Local Info13
  • Home Buying83
  • Home Selling11
  • Market Conditions11

Activity 42
Tue Oct 8, 2013
Heidi M. Ho answered:
Yes, it is fee simple. maintenance fees $ 493. It is required by law to indicate whether the property is leasehold or fee simple. I agree with the other two answers.
0 votes 3 answers Share Flag
Sat Oct 5, 2013
Mike Gallagher answered:
Sat Oct 5, 2013
mercedes2go2 asked:
This question was asked from http://www.trulia.com/property/3126945816-1215-Alexander-St-1006-Honolulu-HI-96826?ecampaign=con_day_propertystatus_bk&eurl=www.trulia.com%2Fproperty%2F3126…
0 votes 0 Answers Share Flag
Fri Jul 19, 2013
Heidi Ellyn, Esq. answered:
Hot and pricey market. But.. rising interest rates will slow it all down. Once sellers figure that out, inventory may rise and the market will flatten out. No bargains in the Honolulu REO market-that ship sailed. The good news is that the Honolulu market is more stable than most mainland markets, so it is a great place for investors. Heidi Ellyn, Esq. Broker Hawaii and California 808-729-6900 ... more
1 vote 8 answers Share Flag
Tue Jul 2, 2013
Alice Clay answered:
Please call me at 224-4234 if interested in seeing.

Thanks.. Alice Clay Realtor, GRI
0 votes 4 answers Share Flag
Tue May 14, 2013
Frank Diaz answered:
Most of the top search engines will find the local amenities for you.
Try "makiki libraries"

http://maps.google.com/maps?q=makiki+libraries&oe=utf-8&rls=org.mozilla:en-US:official&client=firefox-a&um=1&ie=UTF-8&sa=X&ei=2wOTUcfVO8bOiwKiiYC4BQ&ved=0CAsQ_AUoAg

Or

http://maps.google.com/maps?q=makiki+libraries&oe=utf-8&rls=org.mozilla:en-US:official&client=firefox-a&um=1&ie=UTF-8&sa=X&ei=2wOTUcfVO8bOiwKiiYC4BQ&ved=0CAsQ_AUoAg

Aloha,
Frank
... more
0 votes 2 answers Share Flag
Sat Apr 6, 2013
Baron Graham answered:
Too good to be true, it is.
0 votes 3 answers Share Flag
Fri Feb 8, 2013
Mike Gallagher answered:
Aloha:

Just my opinion for what its worth but No, I would not enter their property uninvited to remove poop. It is not your property. You will best serve yourself and your Neighbors by asking them direclty to do so and if there is no cooperation I would call the Health Dept.

Much Aloha,
Mike Gallagher
... more
0 votes 2 answers Share Flag
Sun Jan 13, 2013
Frank Diaz answered:
Possibly. The trend I have been seeing is that the bank does a BPO (broker's price opinion) or appraisal (in person or computerized) and they have set a price. Leaves little room for negotiation.

I have seen room for negotiation on the overdue AOAO (association) fees.

Let me know if you have further interest in this property or others. This is currently the lowest priced 1 bedroom in this building, including sales for the last six months.

Frank Diaz
808.723.0900
... more
0 votes 1 answer Share Flag
Mon Sep 17, 2012
Sellers Jenkins answered:
Robin,

You are absolutely correct with your cap rate quote. Currently there aren't TONS of these types of properties, but there are some. However, if you are in the market to purchase one, be prepared to pay cash and make sure you have an agent that understands cap rates and how to calculate ROI. ... more
0 votes 4 answers Share Flag
Tue Sep 11, 2012
Brian Thornton asked:
Is this currently an active market? What is a ballpark gross multiplier in relation to acquisition price? Thanks in advance.
0 votes 0 Answers Share Flag
Thu Jul 19, 2012
Kimo Smigielski answered:
Most websites aren't designed to display this information, though I have no idea why because it is part of the data feed from our local board.

The best answer? Choose a Realtor to work with that can provide you full listing information that is tailored to your needs. Someone like... me! ... more
0 votes 10 answers Share Flag
Sun Jul 15, 2012
Christine Rabah answered:
I used to live in 250 Ohua # 10F in the late 70s. At that time it was a leasehold building and the lease for 10F was $ 33.--/month. We had purchased this 2/2 for $ 60,000!
0 votes 2 answers Share Flag
Tue Jul 10, 2012
Helen Shelton answered:
okay.. phone number do u have? i really appreicate it.. thanks.
0 votes 2 answers Share Flag
Wed Jul 4, 2012
Frank Diaz answered:
Aloha,

I have worked with each of these companies for more than 5 years.

Property Management (ask for Warren Dote)
http://www.rentalshawaii.net/company.html

Cornerstone Properties (ask for Carl)
http://www.cornerstonehawaii.com/

Call me any time on my cell at 808 723 0900 at any time if you have questions.
... more
0 votes 1 answer Share Flag
Mon Apr 16, 2012
REX Kriekenbeek answered:
You need to talk to a local Realtor.. and you'll be guided accordingly.
0 votes 4 answers Share Flag
Tue May 10, 2011
Mike Gallagher answered:
Aloha Non Believer in 96815:

My name is Mike Gallagher and truthfully I resent your analysis of agents being no better than Used Car sales people. Apparently you are skeptical about Real Estate in Hawaii or perhaps you decided to purchase Real Estate and now believe it was a bad decision.

My reports on Hawaii Kai are pure stats with my opinions and I tell it like it is. I personally cringe everytime I hear "It's a Great Time to Buy." I put it out there and it's up to you to decide and formulate your own opinion on market conditions.

You are entitled to your opinion regardless how baseless it is but the 'name calling?' Come on, get real.

I know more agents who truly care about their clients and conduct themselves professionally than I am sure you have ever met.

I am sure the next time you need real estate advice you will probably ask...your Doctor, Car Mechanic? No. What you will do is ask a Realtor for guidence.

Mike Gallagher,
Broker in Charge, Abe Lee Realty
... more
0 votes 12 answers Share Flag
Wed Nov 24, 2010
Sold answered:
appears they are turning the corner now based on latest trends
0 votes 13 answers Share Flag
Fri Oct 3, 2008
Frank Diaz answered:
The giant tax burden will cause a negative impact.
The urban blight caused by 50+ foot stations will have a negative impact.
The 80+ decibel level of the trains will have a negative impact.
The removal of numerous local property owners from their homesteads will have a negative impact.

Other than that, I think it's a great idea.
... more
0 votes 3 answers Share Flag
Sun Aug 17, 2008
Frank Diaz answered:
Year to date for Oahu:
SF
Jan - 61
Feb - 59
Mar - 47
Condos
Jan - 42
Feb - 50
Mar - 39
The trnd, like the stock market and interest rates has been varying quite a bit. Condos tend to be heading toward 40-45 days and SF around 10 days longer.
If you price it right, it should be 30-40 days. If you're selling, you need to mor aggressive on price changes. If you wait more than 60 days, it could really adversely affect your values when it does eventually sell.
... more
0 votes 7 answers Share Flag
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