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
You could be eligible for a very nice tax credit if you own your home and no other Real Estate, and your Gross Income is under $60,000. Many retirees can take advantage of this as they don’t count assets, only income. You might have millions in your retirement account, but as long as you are … 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
It is frustrating to lose your dream home when there are multiple offers. Here are some tips to help make your offer the one that is accepted. Summary Check List How Many Offers Are There? Anything Special the Seller Needs? Understand Comparables Sales Decide on What Price to Offer Add an Appraisal Clause Add an … Read more
Many times buyers have to cancel during the escrow process. The most likely reason for canceling is they are not satisfied with the inspection. Another reason could be they do not like something they found out on the disclosure statement. The 3rd big reason for canceling is they can’t get the loan. If they have … 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
A Broker’s Standard Addendum is designed to reduce the liability for the Broker. For example, paragraph one of the OahuRE.com Standard Addendum states that Brokers are released from any liability in areas in which professional services have been recommended and where we are not experts. The termite inspection is an example of this. We always … Read more