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Home Buying in Waialae - Kahala : Real Estate Advice

  • All26
  • Local Info2
  • Home Buying8
  • Home Selling0
  • Market Conditions6

Activity 7
Wed Jan 15, 2014
Sue Connelly answered:
Aloha Tess,

It helps if you let us know which property you are discussing as each building is different in their lease and lease terms.

Once a Seller has accepted your offer regarding the purchase of their condo it is up to the Buyer to purchase the condominium documents for the building (your agent helps you with this process and they are usually purchased through escrow). The Seller sometimes has some of the documents on hand however, to have the most current documents. Sellers don't usually purchase the docs as it is up to the buyers decision after reading the documents whether they will move forward with the sale purchase.

The condominium documents typically run between $300 and $400 and the price varies on the price of the Leasehold documents. It is usually 3" - 4 " of paperwork or on a disk. The documents are comprised of things like the CC&R's, Annual Meeting Minutes, most recent meeting minutes, insurance summary, reserve study, condominium house rules, etc..... You have x amount of days to review the them and if you don't like what they say you can rescind your offer and receive your earnest money back.

One of three things usually happen

1) The lease is extended and the lease rents are renegotiate (with appraisals)

2) The fee is offered for sale

3) The Sellers decide that the land is not being used in its highest and best use and they take the land back to do what they want with

Last several years we have been seeing more and more buildings offer their to sell the Fee.

I hope this helps.

Aloha,
Sue Connelly
Realtor, Broker, Property Manager
2013 Aloha Aina Award Nominee

Exit Real Estate Associates ~ Waikiki Branch
2463 Kuhio Ave #C-1
Honolulu, HI 96815
Office: 808- 735-2221
Fax: 808-735-2004
Cell: 808-754-5495
E: alohahawaiisue@gmail.com
W: www.ExitRealtyHonolulu.com
... more
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Mon Jan 13, 2014
Frank Diaz answered:
A homeowner's assessment is generally a one time charge to catch up with expenses that were not budgeted for by the homeowner's association. I think that is what you are referring to. It is generally a lump sum, but paid over a year or two in monthly increments. ... more
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Thu Sep 19, 2013
John Gephart answered:
The lease for 4999 Kahala is about $2000 per month per unit. The lease ends in 2027.
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Thu Aug 8, 2013
Kristi Takushi Tanaka answered:
You may get a loan on a leasehold property it doesn't need to be cash. It depends how long the lease is and the step ups or renogotiations of the lease. Also, keep in mind some areas on the island are on the lower end... So again as mention before it depends what property you are refering to and its location. ... more
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Wed Aug 8, 2012
Jerry Bangerter answered:
I am happy to work with you in selecting a condo in Hawaii but will need to know what you are looking for. Basically, there is an inverse relationship of price to location. The better location, the more a suitable home will cost. In a lesser location, you will find larger and/or better homes at lower cost. It will require some effort to help you decide just exactly what your priorities are as concerns price and location. Once you set a price, it will be pretty easy to show you examples of homes available at that price throughout Oahu. Or, if you wish to make price the variable and hold the location constant, which location to you like most. I can help you look at properties of various prices in the location specified. The key is, however, that we can't work thru this medium any longer. Please send e-mail to me at info@RXKL.com or call me at 808-738-9333. Thank You! ... more
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Sat Jun 30, 2012
Zhanna Conrad answered:
Hello Bill,

Do you know what the street name is and what streets are at the intersections on each side of the block? Please let me know. I will be glad to help.

All the best,

Zhanna Conrad
Realtor/ Broker
Oahu Homes, LLC
(808)354-2654
hawaii.broker@yahoo.com
www.Broker-Hawaii.com
... more
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Sun Mar 4, 2012
Sandra Albrecht answered:
Hello Lawrence,

The scammer has already done their research and knows the owners name. They will get a bogus email address with the owners name ie: JohnSmith@yahoo or gmail.com.

The best rule of thumb is if the supposed owner can not meet you at the property to show you the interior ofthe home, then it is a scam. The really low rent is the first sign it's a scam. ... more
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