It's no secret that it's a buyer's market today, both in Hawaii and just about everywhere else in America. Prices are down in most areas from the artificial highs of yesteryear and, despite occasional mini-spikes and false call after false call of impending turnarounds, there doesn't seem to be any hope for a rebound in the near future. We should expect prices to be largely flat for the … [Read more...]
Hawaii Real Estate News
Hawaii real estate news and information from Big Rock Investments
Integrity is Everything
I want to talk about something here that's critical to our industry. I want to talk about Integrity. I just read the latest on a Hawaii mortgage scam case. This is troubling to all of us here in the islands. Here's someone taking advantage of our residents, our neighbors, who are already in a difficult position. It's bothersome to no end, but at the very least it sounds like the culprit will get … [Read more...]
National Debt Crisis and Your Investment Choices
Aloha, friends. It's no secret to anyone within reach of the media that the United States finds itself in quite the pickle now as Congress wrestles with the question of whether to raise the debt ceiling. Just today, Republican House Speaker John Boehner's bill was passed by the House of Representatives but subsequently killed by the Democrat-controlled Senate. The big question is: will the U.S. … [Read more...]
The Hawaii Double Dip?
A couple weeks ago, a page one story on the Honolulu Star-Advertiser screamed about the stagnant Hawaii real estate market. The main premises were twofold: 1. Whatever gains the market had given at the turn of the year and into 2011 were basically wiped out 2. Instead of the rebound that was earlier anticipated, another dip appears on the horizon between now and the end of the year Needless … [Read more...]
Business Building in Cleveland
Aloha, friends! I just got back from a super fun mini-trip to Cleveland, Ohio - yes, Cleveland! Now what would an ocean-loving, mountain-hiking, beach-going guy be doing along the shores of Lake Erie? Building -- the real estate business, that is. You see, there are smart people in our industry all over the nation. As you may already know, I work with and under the tutelage of the FortuneBuilders … [Read more...]
MARINER’S RIDGE – NAME YOUR PRICE!
995 Kapa Place, Honolulu HI 96825 2010 Tax Assessed Value: $864,400 PRICE: $775,000 if Direct but ALL Serious Offers Considered! This is a very nice 5 bed, 2.5 bath single family house halfway up Mariner's Ridge. Enjoy views of Koko Head from your kitchen and deck and relax in your in-ground pool on those sunny days! The main floor has a very spacious floor plan and includes the living room, … [Read more...]
Property in MARINER’S RIDGE coming…
Just put a property under contract in Mariner's Ridge. Details coming <24hrs. Light to moderate rehab. Will be selling UNDER MARKET VALUE. *Legit Buyers* get on my VIP BUYERS LIST for ADVANCE NOTIFICATION... … [Read more...]
Chinese Interest in Hawaii Market Growing
Aloha, friends! I just got back from a super fun week in San Diego and Los Angeles. While I was mostly there on a vacation break with my lovely lady, I did sneak in a bit of business here and there. Part of that was catching up with my friends JD Esajian of "Flip This House" and his wife Debora. Both are not just friends and great people, but also incredibly motivated "achievers" who target goals … [Read more...]
What Is A Short Sale? Part 2
In the previous post "What is a short sale? Part 1", we discussed some basics of short sales, like why someone would pursue one and whether it's an option for everyone (it's not). Let's continue that train of thought and address some other questions here: What's Involved in a Short Sale? One unfortunate joke about short sales is that they almost always take a LOOOOONG time to complete, … [Read more...]
What Is A Short Sale? Part 1
With the prevalence of real estate news hitting the headlines about everyday for the past five years, many people have asked "What is a short sale?" Some of you might be very familiar with term (maybe too familiar), but there are plenty of people who don't understand the concept or phrase. After all, while it may seem like short sales have been a frequent topic of real estate discussions for some … [Read more...]
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