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.
I ran across a couple of cautionary notes for home sellers in some real estate research, so I thought I’d share. Both notes warn you not to overprice your home when you’re trying to sell.
Here’s how to refine the search capability on the Oahu Zoning and Parcel Map that I’ve got up over in the Maps & Tools section.
How much will flood insurance cost for this property? A client asked me that yesterday about a particular house in Hawaii Kai. Here’s the honest answer (which I gave): I don’t know. But I told her I’d find out. Recently there has been a rash of reports (here for example) about skyrocketing flood insurance rates […]
Buyer’s market or seller’s market? What’s the story right now for real estate on Oahu? If you’re chatting around the water cooler with your friends, I’m willing to bet you’ve heard that sellers have the upper hand right now. Not so fast! Read on. Some Terms and Just a Smidge of Math Ok, first thing’s […]
If you’re shopping for property on Oahu, sooner or later someone will mention canec. What? you ask? Here’s the skinny. Canec (pronounced CANE-ick) is a building material that was used in the 1930s to the 1960s on Oahu. It’s a fiberboard that was made out of the remnants from sugar cane processing. Builders used the material […]