If you’ve ever talked with anyone about buying or selling real estate, at some point you may have heard the word “escrow” used in a bunch of indecipherable ways. From experience I know “escrow” is a word that everyone has heard and feels like they should know but often don’t. Don’t sweat it. I’ll break […]
Essential Information For First Time Oahu Homebuyers
If you want to buy a home in Kaneohe or Kailua with a VA loan, you’re probably going to be competing against several other buyers. You may also have heard that sellers are a bit skittish about VA offers which, generally speaking, is true. Let me explain why, and then I’ll discuss possible actions you can take.
You’re buying a condo on Oahu. It comes with a big fat pack of boring but important documents. Let’s talk about what the docs are and why they’re important.
Yes. But not much. Usually. That’s the short answer, based on historical data going back to 1977. In 38 years of data, median single family home prices decreased in only 11 years. Just two of those 11 years had declines of more than 4%: 1998 (-9.84%) and 2009 (-7.05%).
If you’re buying or selling a home, you need to know how the professionals who will be helping you earn their living. What functions do they perform (or fail to perform)? How do they get paid? If you don’t know how the real estate industry works, you could end up wasting money and time.
In the Oahu real property market, you’ll often see certain properties, that are priced waaaayy below comparable properties. In pretty much every case, you’ve found a leasehold property for sale. Leaseholds are common in Hawaii but not elsewhere.