Our recent post of a $775,000 Tear Down that was just listed went viral with over 14,400 Likes, Comments, and Shares. We received two very strong cash offers on it within 3 days. I think people could not take that a home in horrible condition would sell for that much. It would have been much … Read more
This seller is saving $60,000 by not paying a buyer’s agent commission, so we can book a showing directly with the seller or buyers can pay their agent a commission as one of the lawsuits against the National Association of Realtors is suggesting. The vacation rental crackdown in Kailua got rid of most of the … Read more
Just listed for $775,000 in the Kamehameha Heights neighborhood. For all the details please click here.
I posted the local market statistics. Mililani and Aina Haina went up the most at a 36% increase since last year, but 5 other areas also were up over 30%. As long as your salary has increased around 40% since last year you are staying ahead of inflation on homes. I see a local bank … Read more
Sellers ask me all the time is it possible to sell without a buyer’s agent and thereby pay no 2.5% buyer’s agent commission. The answer is YES. We have sold 43 homes with no buyer’s agent, which saved those sellers $667,737 in buyer’s agent’s commissions. You can read more about this option from our website.
I read an article in a Real Estate publication that was titled “6 reasons NAR’s commission rules work”. It was an article that backs up why commissions should stay the same. There is a lawsuit that contends that buyers should pay their own agent commission. Currently, buyer’s agents are paid a fixed commission from the … Read more
The Fed will start tapering mortgage purchases this year. The chart below shows what happened the last time they did this. Rates should start going up which will help to cool this overheated seller’s market. January 2021 mortgage rates hit an all-time low. A more balanced Real Estate market would be nice, but if rates … Read more
The way I see this chart is 1955-1998 homes prices increased just .1% over inflation. Then you have a nice increase from 1998 to 2006, but then it is offset by the decline from 2006 to 2012. Since 2012 it has been rising, and especially this last year. Over time, home prices can’t grow much … 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
Our recommendation is not to take a backup offer and here is why. When you take a backup offer, you as the seller have locked yourself into accepting that offer should your current escrow fall out. You could get an all-cash offer for a higher amount and it does not matter, you have given up … Read more