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 […]
Learn About Oahu Real Estate
This collection of blogs are for educational purposes, created from my background in law and my years of experience in Hawaii Real Estate. They are written to help anyone with specific questions about Oahu or Hawaii Real Estate.
As we’ve said before, Oahu’s housing market makes for a historically reliable investment. Over the past 40 years, both single family homes and condos have made a steady march in the upward direction.
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%).
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.