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96818 : Real Estate Advice

  • All4
  • Local Info1
  • Home Buying2
  • Home Selling1
  • Market Conditions0

Activity 179
Wed Sep 29, 2010
David E. Buck answered:
"TIC" is an acronym for Tenants in Common: Where you own a "fraction" of the whole. I hope this helps :)
0 votes 6 answers Share Flag
Wed Mar 6, 2013
Kathy Weber answered:
Sandor,

Go under the "Find a Pro" tab on the top of Trulia. This way you can preview agent's profiles, Q&A, blogs, etc. and get a feel for their experience. You can contact them via email or direct.

Best of luck!
... more
0 votes 12 answers Share Flag
Wed Sep 8, 2010
Edward Brinkman answered:
Call us asap at 808-955-1175. We will answer any questions and help you to have a smooth transition to buying a home in Hawaii.
Mahalo,
Doug Davis Realty, Inc.
0 votes 6 answers Share Flag
Wed Aug 11, 2010
Keith Sorem answered:
Green,
First, I am very sorry about your situation. To veterans in the business of real estate "Cash Buyers" always send up red flags...just as you have found.

1. The only person who can advise you should be a real estate professional, preferably an attorney, who has reviewed all the documents.

2. Because you started this on your own, without professional representation, you should know that you may have to pay for the advice.

As a note for future transactions, Realtors are worth their compensation, otherwise we would not have been in business as long as we have.

Good luck to you.

Note: Good advice is not cheap, and cheap advice is rarely good.

Keith
... more
0 votes 14 answers Share Flag
Wed Jul 28, 2010
David M Nash answered:
Higher, generally better views, less noise.
Try WaikikiWaikiki.com for all your condo interests.

Get the Free IPHONE APP!

Aloha,
David
0 votes 7 answers Share Flag
Tue Jul 13, 2010
Frank Diaz answered:
Hi Bamboo,

I often look for rentals for clients, although I don't handle any rentals myself. You have a some obstacles:
1. You won't find a 2 BR for $1600 with utilities in this area, or in the Metro area (from Chinatown to Hawaii Kai)
2. Pet friendly buildings are getting very scarce, probably less than 5% of all rentals.
3. Secure is somewhat subjective. Most just have a gated or keyed entrance with no security.

For $1400-$1600 you can get a 1-bedroom. Best case would be an unfurnished 2 BR in Makiki. Buildings that allow pets are almost nonexistent now. You can try some of the major rental agencies and see what they say. I would call an expert, Warren Dote - http://www.rentalshawaii.net/company.html

If you would like to send an email I would be happy to do a search. I did one over the weekend for $1800, from Waikiki, to Kaneohe, and only found 4 or 5 rentals. Also try Craigslist, but be careful. If you send the address, I will send you the real owner's name. Another possibility is renting part of someone's house, but those are mainly in Manoa, Punchbowl, and Upper Kalihi.

Aloha,
Frank
... more
0 votes 2 answers Share Flag
Tue Jun 29, 2010
Frank Diaz answered:
Sun Mar 4, 2012
K. Kemper answered:
never use craig's list to buy or rent real estate.

find a real estate office and give them your specs.
0 votes 9 answers Share Flag
Wed Jun 16, 2010
Maggie Hawk answered:
In my area (east coast of FL), it's a wonderful time to buy. The market is recovering and sales are increasing each month, however there are still a lot of good buys available. While many of the bargains are short sales and foreclosed properties, many homes for sale aren't either of these.

Good luck with your search!

Warm regards,
Maggie Hawk, REALTOR
(386) 314-1149
Watson Realty Corp.
... more
0 votes 5 answers Share Flag
Fri Mar 1, 2013
Jeanne Feenick answered:
Hi there, very good question - generally a listing agreement will provide protection for commission for a period of time after the listing expires for transactions involving buyers introduced during the listing period. Check your listing docs for details.

Best,
Jeanne Feenick
Unwavering Commitment to Service
... more
0 votes 9 answers Share Flag
Sat Jul 17, 2010
Oahureo Hulahomes by Realty Executives Oahu answered:
You are stuck on the asking price , in any case the offering price is the only way the seller can counter back where you can determine if it is something that you can live with as far as payment . Don't be afraid to put in an offer if your serious , you can always backout and walkaway . The building has a nice reputation , if you would like to talk about comps and possibly taking the unit off the market while you decide if its' feasible then please feel free to contact me . I would be glad to help you in the process . I am by appointment only , and my office is open 9-5p . However I do check my email from early morning to late night , so that is the best way to contact me if you need an answer quickly .
Aloha , Robert Huber RA SFR Executive Associate
... more
0 votes 2 answers Share Flag
Fri Apr 17, 2015
Mack McCoy answered:
No.

However, if you do want to put the deal together, it is customary to have the purchase price increased by the amount of the commission, and having the seller pay the commission out of the proceeds of the sale. ... more
0 votes 7 answers Share Flag
Thu Mar 18, 2010
Jane Grant answered:
In a transaction the Buyer and the Seller are the principals. A lender or bank making a loan to the buyer to purchase the property is considered a third party to a transaction.

Most Real Estate Transactions involve a "Third Party".

The only transactions that do not involve a third party would be where the Seller finances the property and the buyer makes payments directly to the seller also referred to Seller Cary-back.

OR

If the buyer is paying cash and needs no financing.
... more
0 votes 4 answers Share Flag
Thu Feb 25, 2010
Raymond_dallou answered:
There are many buyers that are content to purchase the leasehold property because of the reduced prices. You really have leverage when the end term of the lease is under 15 years. Most lenders will finance between 5 and 10 years back of the end leasehold date, which does not make the Purchase of the leasehold transaction acceptable if buyer is looking to finance the property for longer terms.
Raymond Dallou
Guild Mortgage
Condo Hotels, Leasehold, Non warrentable Condos, Hawaiian Home lands and more
Big Island (808) 883-8833
Oahu (808) 292-7566
... more
0 votes 1 answer Share Flag
Thu Mar 18, 2010
Anna M Brocco answered:
0% down is virtually impossible--FHA loans require a minimum credit score of 620 and 3.5% down. Visit with any qualified loan officer(s) and see exactly what your budget can handle and look at all your options-- ... more
0 votes 10 answers Share Flag
Wed Jul 7, 2010
Ron Margolis answered:
Not sure what type of remedy you want to pursue. It's true that its best to ask a Honolulu real estate attorney that question. FHA has very strict requirements and many times there are things that happen at the last minute that are not really predictable. I am sorry that happened to you ... more
0 votes 4 answers Share Flag
Thu Jan 14, 2010
Patrick Thies answered:
First of all you need to live in the home you purchased for 3 years. Check with an accountant to be sure, but I believe that if you receive the credit and move before the 3 years, you get credit for the time you lived there and pay back the difference. ... more
0 votes 2 answers Share Flag
Wed Mar 17, 2010
Robert Vernon answered:
Robert,

I will send the information to your email and please let me know if you need any further assistance.
You can call me anytime 808.366.8134.

Best Regards,

Robert Vernon
Realtor- Associate
Abe Lee Realty LLC.
r.vernon7@gmail.com
... more
0 votes 6 answers Share Flag
Mon Jun 29, 2015
Frank Diaz answered:
Hi Rosemary,

It all comes down to price. Properties that are priced well are selling fast and are even getting multiple offers. If a property is worth $700,000, for example, and you want to wait for $725,000, then you will have to wait longer (or possibly never get that amount). On the other hand, if it is priced well and exposed to the market well (properly advertised and promoted), then you will get a lot of showings and hopefully good offers. A home very close to my office was listed two weeks ago. It was priced well, and received 13 showings and 5 offers in the first week. There are qualified buyers out there. There are many factors that go into pricing and marketing it.

For professionals in Honolulu (City of, not County), see
http://www.trulia.com/voices/directory/Honolulu---18714

I would be happy to break down the sales specifically in your areas. You typically want to look at homes in the same area, same age, same square footage and home size.

Aloha,
Frank Diaz, MBA (RA), e-PRO
East Oahu Realty
808.723.0900
... more
0 votes 5 answers Share Flag
Thu Mar 11, 2010
Jana Lujan answered:
Aloha Rosemary, I am new to trulia and am not sure what your question was??? Please let me know. Mahalo, Jana.
0 votes 2 answers Share Flag
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