Saving up to $145,000 in Real Estate Commissions
Our new listing in Lanikai will save either $71,000 or $145,500 in commission using our $3,500 Flat Fee Selling Option. Learn more at https://www.oahure.com/flat-fee-realtor-hawaii.php
Selling Your Home
Early Occupancy – Seller’s Point of View
We do not recommend early occupancy. It opens a can of worms and a lot of problems can come up. The closing is not guaranteed until all the money is in escrow, and escrow has reported everything to the City and County. This is normally 2 days prior to the actual closing date. So if … Read more
Oahu Home Pricing Shocks People On Facebook
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
Legal B&B in Kailua, Seller Is Not Paying Buyer’s Agent Commission
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
New Tear Down Listing
Just listed for $775,000 in the Kamehameha Heights neighborhood. For all the details please click here.
Local Markets Up 30%+ Since Last September
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
Can You Pay No Buyer’s Agent Commission?
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.
Why Realtors Want To Keep The Buyer’s Agent Commission Higher
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
Mortgage Rates Are Going Up
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
Housing Bubble?
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