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| Aloha! We
have a wonderful assortment of articles, upcoming events, resources, tips
and industry updates for you this month and we hope you enjoy!
Mahalo,
Kelly & the Hilo Brokers, Ltd. Team
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Your
Big Island REALTOR:
Kelly H. Moran
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Quality Big Island Real
Estate Service & Experience
for Over 20 Years!
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Some Articles Copyright © 2007 Realty
Times
All Rights Reserved.
Hilo Brokers, Ltd.
808-969-9400
400 Hualani St.
Bldg 21
Hilo, Hawaii, 96720
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Window of
Opportunity
As
anyone who's ever tried to sell a house will tell you, bad
weather can definitely affect your ability to sell a home.
If the weather is terrible, nobody comes out to shop, nobody
makes offers, and sales numbers fizzle.
Well, we've just witnessed the "bad weather" impact on
a national scale. After three straight months of steadily
rising home sales nationwide, the stretch of stormy and
frigid weather that hit many parts of the country in the
early Spring took a chunk out of home sales numbers for the
month -- they were down by 8.4 percent.
The chief economist for the National Association of
Realtors, Dr. David Lereah, said the sharp decline was not a
total surprise. "For months," he said, "we've been expecting
a weather 'hit' on home sales" -- and it finally arrived
with a
CONTINUED >>>
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Mixed Messages For
Real Estate Buyers
It's
a great time to buy, says the National Association of Realtors
(NAR). Alternatively, says NAR, existing home prices in
February 2007 were down 1.3 percent when compared with a year
earlier.
So can this really be a great time to buy if home values
are falling? The answer is yes.
Increased real estate ownership is a national goal which
has produced helpful and useful national policies. For
instance, we encourage homeownership by tilting the tax system
to favor owners. As a property owner you can write off
property taxes, you can deduct mortgage interest in most cases
and when you sell you can shelter profits of up to $500,000 if
married and $250,000 if single from federal taxes. We do
these things because we believe that ownership gives people a
greater stake in local communities and because owning a home
affords individuals a certain ego, status and financial
standing. We also encourage ownership for a very simple
reason: Money. In addition to all the good
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Counteroffer is Rejection
Of The Earlier Offer
A
counteroffer is a rejection of the offer (or a previous
counteroffer) to which it is a response. This is an important
point for sellers to remember in this "normal" market in which
we now find ourselves. Of course, it is an important point for
buyers to remember as well.
Imagine the following scenario:
The Smiths have had their home on the market for about
five months now. When the property first came on the market,
both they and their agent agreed that the property stood a
chance of fetching $625,000. It turned out that they were wrong.
After the first couple of months of no buyer interest at all,
they dropped the price to $610,000. Now it is it at $585,000,
and they have yet to have what seemed even a serious offer. That
is why they were pretty excited about the offer on the table
Monday. The buyer had a good deposit; there was no for-sale
contingency; the escrow period was agreeable; and the buyer
already pre-approved for a loan. The only hitch was the price of
$565,000. The offer gave them seven days to respond.
Actually, Mr. Smith confided with his agent, the $565,000
was a price they could live with -- they never had counted on
being in the $600,000s. Still, though, they wanted as much as
they could possibly get -- who wouldn't? -- so they made a
written counter offer of $575,000.
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HiloBrokers.com Property
Search Tips & Tricks
 When
looking for property, we have numerous helpful "extra" links
associated with each listing. One helpful item is the
at-a-glance district map so you can visually see where the
property is located on the Big Island.
Additionally, when looking at a listing, there are "property
tools" and "even more info about this property" links at the
left side of the listing. Links include:
- Parcel Map
- Property Map
- Parcel Data
- Permits
- Values
- Sales History
- Tax Bill
- Loan Calculator
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- A specific link to the
"About the district" where property resides (i.e.,
"About South Hilo"
- The District pages
include information like: population, size,
overview, major towns, subdivisions.
- Each District page
also provides quick links to all listings in
specific subdivisions or the major towns in the
district.
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 Upcoming
Island Calendar of Events
13TH ANNUAL DOLPHIN DAYS
Date: June 14 - 17
Place: Hilton Waikoloa Village (Kohala Coast)
Dolphin Days is an annual four-day festival of events inspired
by the playful dolphins at the Hilton Waikoloa Village Dolphin
Quest Learning Lagoon and is designed to benefit Hawaii Shriners
Hospital for Children and the Pacific Marine Life Foundation.
Events include an opening dinner, luau, golf and tennis
tournaments, dolphin programs and the signature event - The
Great Waikoloa Food, Wine and Music Festival. Over two dozen of
Hawaii’s most talented chefs will prepare culinary specialties,
paired with a wide selection of fine wines, brews and spirits
and world-class jazz entertainment.
Click here for the Dolphin Days Lineup
Call: Special Events/Guest Activities Manager Debbie Wund (808)
886-2884.
PARKER RANCH 160TH CELEBRATION
HISTORIC TRAIL RIDE & BBQ - FATHER'S DAY
Date: Father's Day, June 17th
Time: 9:00am - 1:00pm
Place: Parker Ranch's Pukalani Stables
This Father’s Day ride will travel past historic ranch sites.
Along the way, trail guides will share historical knowledge of
the area. Ride concludes with a wrangler’s barbecue. Own horse
(no stallions please) - $35. Cowboys of Hawaii horse - $75.
Non-riders lunch only $30. Space is limited . Call (808)
885-1904 for reservations and additional information by June 1,
2007.
For additional Island events, see the
Big Island Calendar of Eco-Cultural Events.
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E-mail this Newsletter to a friend
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Hilo Brokers
Ltd Leads in Technology
 Since
over 80% of buyers turn to the Internet to find properties, sellers
cannot afford to go with a non-technological based REALTOR® who
continues to practice old ways of selling. Brady Byers of Hilo
Brokers, Ltd. believes there is so much more that REALTORS® can do
for their clients on the Big Island, and most just do what is
expected by putting a property on the MLS (Multiple Listing Service)
with a for sale sign in the yard. “This method just doesn’t cut it
anymore,” Byers says.
To bring maximum exposure, Hilo Brokers insists their agents
use the latest in technology to sell properties. Some examples
include video, virtual tours, aerials, dedicated property websites,
“Talking Homes” where a buyer can do a drive by and tune into a
radio station to hear about the property in the real estate
professional’s own voice, and more.
Byers capitalizes on Hilo Brokers' emphasis on technology to
help her clients buy and sell properties, since owner Kelly H.
Moran, Principal Broker, recognized early on that clients prefer
cutting edge technology services, knowing the future of real estate
depends on it. Kelly was actually one of the first REALTORS® to
incorporate the Internet as a real estate sales tool!
As the Hilo marketplace becomes increasingly competitive,
leading edge approaches are proving vital to achieve the sales
results clients expect. Not only does Byers use advances in today's
technology to achieve best results, she treats all of her clients
like friends, offering her commission back if a client isn't happy
with her services ... technology with a personal touch!
Contact Brady Byers, RS
Hilo Brokers, Ltd.
(808) 936-2596, Toll Free: 800-804-4951 Email:
brady@hawaiibrady.com
Agent Website:
www.HawaiiBrady.com
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More Articles
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Daily News and Advice
Read about the events shaping the Real Estate
market today, find current interest rates, or browse the
extensive library of advice and how-to articles written by some
of the top experts in Real Estate. Updated each weekday. |
Speak Hawaiian - 4 Tips
Continuing on from last
month's overview, this month we'd like to offer some tips
for pronunciation.
- Hawaiian words start: with
any letters, vowels or consonants.
- Hawaiian words end: only
with a vowel, never with a consonant.
- Syllables: always only 1
or 2 letters -- never longer.
- Syllables: must either end
with a vowel or be a single vowel -- but never a single
consonant.
Example:
Aloha
- (ah-lo-ha)
Common greeting and farewell. Also means love, affection,
sympathy, kindness, fondness.
Notice: it ends in a vowel;
each syllable is 1-2 letters; ends with a single vowel. |
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Kelly H. Moran, CCIM,CIPS,Principal Broker
E-mail:
Kelly@hilo-brokers.com
Web:
http://www.hilo-brokers.com
Office: 808-969-9400 x11
Toll Free: 800-769-4456 x11
Mobile: 808-938-5757
Fax: 808-969-7900 |
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Hilo
Brokers, Ltd.
808-969-9400
400 Hualani St.
Bldg 21
Hilo, Hawaii, 96720
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Equal Housing Opportunity
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