Hey, National Association of Realtors. Please stop the MLSs from hiding Sold, Withdrawn, and Expired listings. This is information the buyers and sellers need to know to decide what is the right price for a property. Buyers can’t analyze comparables with no sold, withdrawn, and expired listings available for them to see. They are being … Read more
The National Association of Realtors (NAR) is being sued for not allowing any contact information to be put in a listing. This has been a frustration for many of our sellers who would like to put their contact info in the MLS listing in case buyers have questions. This would also give them an opportunity … Read more
Well, that is an interesting twist, normally it is the Department of Justice that files the lawsuits. Monday NAR sued the DOJ for investigating NAR. NAR says they filed “a petition to quash a request by the Department of Justice that reneges on the terms of a settlement agreement that was approved by the DOJ … Read more
The answer is yes, you can put 0% commission into the MLS. However, is that really something you want to do? So far no one that has sold through us has tried it. The reason is if you eliminate agents showing your property, you won’t have as much demand for your property, and the lack … Read more
Condominiums are a different type of ownership created in the 1960s of real property unlike subdivisions, which have been in existence for centuries. Hawaii is a leader in the development of condominium laws and has been used as a model by other states. The Condominium Property Regime (CPR) was known as the Horizontal Property Regime … Read more
Leasehold means you do not own the land. Someone else owns the land and you pay a fee/rent each month to that owner to be on their land. The problem with leasehold is at the end of the lease you no longer have the right to be on that land, so the value in your … Read more
The rule for the Honolulu Board of Realtors MLS, otherwise known as HiCentral.com, is there can be no contact information in the public section of the MLS. This is important because the MLS goes out to over 1,000 other websites, and those websites do not want to be promoting competitors. If contact information was allowed … Read more
When a home is not selling, some sellers feel the need to reset the Days on Market shown in the MLS. Let’s take a closer look at how a buyer might see this. Buyers care most about the price of the home, what it looks like, and where it is located. They don’t say to … Read more