There’s a lot of amazing great agents out here in Hawaii so if you have an agent who you like and trust they will save you a lot of time in your search. If you are still looking for an agent, one thing we provide is the ability to get you the best deal possible. Our strength is in our negotiations so it’s important to try and save as much money as possible so vou can feel at ease knowing you are getting the best deal possible. Contact us today for a free consultation 🏡 🔑 ☎️

When selling, if the property has been sitting on the market for a while, take it off and re-list it the very next day to reset the days on market. When buying, it's important to look at the cumulative days on market to understand the true activity of the property.

Condo maintenance fees on Oahu hover at about $1/sqft. But it's important to know what utilities that includes in order to figure out if it's high or low. Also, condos with more amenities and services can expect higher maintenance fees to maintain those added benefits. Older condos might also have higher maintenance fees to make upgrades and make sure everything is working properly. Condo pricing is lower but you have mandatory maintenance fees. Just because you have a single family home doesn't mean you don't have monthly maintenance as well. It's important to keep these things in mind when deciding which kind of property you want to live in. http://ow.ly/l5zV50LGnL0

Step 1: find a good realtor. Don’t try to do it on your own. Real estate changes so much and there’s so many tips and tricks that come with experience in every market so you don’t want to make a mistake or not get the best deal possible.

November 2022 Oahu Real Estate Market Update! The number of sales is way down. Why? Because buyers aren’t willing to offer as much because of the rising interest rates, and sellers aren’t willing to come down because they are used to getting way above asking and have good comps behind them. Therefore, days on market are way up because it takes a lot longer for buyers and sellers to come down/up and meet in the middle. However, pricing hasn’t come down in Hawaii (yet)! I do think the Feds will raise interest a few more times because inflation is still rampant and Hawaii could go down in price slightly, but I don’t think there will be a major crash because Hawaii is so sheltered and we have a diversified buyer pool. My buyers have been taking advantage of the decreased competition and getting properties in escrow below asking, below appraisal value, and with seller credits. They are also lowering their interest rate and monthly payments by using those seller credits to pay points and buy down the interest rates, and on top of that opting for 7 year ARMs which offer about a 1.5% decrease in the interest rate. My sellers are pricing their properties correctly at the latest comparable sale and still getting top dollar for their property, the ones that have been pricing over have been sitting and needing price reductions. Everyone’s situation is different so reach out and we can help you achieve your specific real estate goal. Stay tuned for next month’s Oahu real estate market update!

Win the day by noon!

I've been hearing this a lot lately, "I'm waiting for the crash!" Why do people automatically assume there's going to be a crash? I'm not saying prices aren't going to go down but home prices went up 25% in one year, do we really think it's going to go back down by anywhere near the same amount? It's important to look at the facts when trying to determine what's going to happen to the real estate market. 1) Because of the recent appreciation of the market, American's are sitting on a lot of equity in their homes. 2) Inventory remains very low. 3) Building costs remain very high as supply chain and material costs were disrupted during the pandemic. Rising interest rates have definitely cooled off the market but there's no data to support a major crash on the horizon. In fact I think this is one of the best times to buy a home because my clients are getting them for under asking, under appraised value, and with credits since there's less competition. Once interest rates settle and the Feds stop raising them competition will return. Just because there’s a recession it doesn’t automatically mean home prices will fall. When buying real estate, the focus should be the next 5-10 years, not the next 5-10 months! Contact me directly so I can assess your particular situation.

Do you know the 12 regions that make up Oahu?

Hawaii Kai, Metro Honolulu, Diamond Head, Central, Waipahu, Ewa, Leeward, Makakilo, North Shore, Kailua, Kaneohe

Yes the market has slowed down quite a bit but what crash are you waiting for and where would it come from? Experts forecast a 2% appreciation for the US in 2023. If the market goes down do you think it will go down by anywhere as much as it went up? The real estate market is like a yo-yo on an escalator, there’s micro up and downs but it’s more important to look at the macro big picture of long term appreciation. Waiting can and has been a costly mistake.

Want to know the secret in getting a good deal in today’s real estate market? Look for properties that have been sitting on the market, vacant, and have price reduced. Those are the ones no one looked at because they priced too high in the beginning, but you know are motivated to sell because they already price reduced and aren’t earning any income or using it for themselves. When everyone else only looks at the new properties as they come on the market, use the opposite strategy to find the best deals!