We just put a home in escrow today that was only offering $1 in Realtor’s commission. It got a lot of Realtors upset as you can imagine, but I explained to them they can put a commission amount on their offer, so they can make more than $1. The winning offer did just that. The … Read more
OahuRE.com is now one of the first sites on Oahu to show the buyer’s agent commission for all listings as we just got permission today to do so. Unfortunately, it is non-negotiable still, but at least buyers can see how much their agent is getting paid. The buyer’s agent commission is paid for by the … Read more
Great article on Leasehold. This paragraph stood out. “The drumbeat for lease-to-fee conversion culminated in a 1984 U.S. Supreme Court decision that held the state could use eminent domain to force landowners to offer fee simple land ownership to leasehold tenants. Over the next 20 years, many single-family homeowners were able to purchase the land … Read more
The local market stats just came out today I see some areas having less closed sales and a lower median sale price. Perhaps that is a sign the market is cooling a bit which is really needed.
View the news segment on Monster Homes on KITV News. https://www.kitv.com/news/local/controversial-19-bedroom-15-bathroom-kalihi-home-up-for-sale-at-nearly-3m/article_01f1b3c8-8bad-11ec-8e2f-678e83fed1fe.htmlhttps://www.kitv.com/news/local/controversial-19-bedroom-15-bathroom-kalihi-home-up-for-sale-at-nearly-3m/article_01f1b3c8-8bad-11ec-8e2f-678e83fed1fe.html
This survey was conducted by mortgage giant Fannie Mae. They started this survey back in 2010, after the big 2008 housing crash. We have been on a long-time upward slope of home prices as shown by the above graph of the Case-Shiller U.S. National Home Price Index.
I read these thought-provoking statements in Inman news, the leading news source for Realtors. It is good to see Realtors themselves asking these hard questions. “Why are typical commissions in Australia, Denmark and Finland 2 percent, and 1.5 percent in the U.K., yet 5.5 percent in the U.S.?” “How do you explain, to a consumer, … Read more
2022 began with a sharp jump in both single-family home and condo sales – combined, O‘ahu’s housing market saw a 28.6% sales increase compared to January 2021. While the single-family home median sales price held steady for the third consecutive month at $1,050,000, the condo market set a new monthly median sales price record of $510,000, surpassing … Read more
I have been trying since April of 2021 ?to get them to remove the rule that the buyer’s agent commission is NOT negotiable. In May 2021 they said they would reach out to the National Association of Realtors to investigate this, but I still have no resolution. ? I have not given up and will … Read more
I am waiting on the Board of Realtors to allow me to show the buyer’s agent commission percentage on all listings. However, they continue to ignore the National Association of Realtors guidelines which say the buyer’s agent commission should be negotiable. Maybe once it is displayed consumers will start pressuring Realtors to negotiate it so … Read more