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Jeff Orig, RA - Hawaii Real Estate Report on May 15th, 2009

According to Rob Chrisman:
the statement made by Shaun Donovan, HUD secretary, on how the FHA will allow the $8,000 tax credit to be used for down payment at a NAR conference earlier this week was apparently “off base”. The information was removed from the website and the “Mortgagee Letter has been pulled for the time [...]

Continue reading about Rescinded! – $8,000 First Time Homebuyer Credit can Now Be Used as Down Payment on FHA Loans

Jeff Orig, RA - Hawaii Real Estate Report on May 4th, 2009

Single Family

ML#: 2819474
Active

List: $269,000*
FS – Fee Simple

TMK: 1-2-2-010-014-0003

Addr: 1942-B Pauoa Rd B

City: Honolulu
HI
Zip: 96813

Regn: Metro
Neighborhood: NUUANU-LOWER

Roofd Liv Ar: 710
New Dev/Const: No
Bedrms: 2

Roofd Oth Ar:
Yr Built: 1924
Baths: 1 / 1

Opn Lanai Ar:
Remod Yr: 2007
Furnished: None

Garage SF:

Mon Maint Fees: $160

Land SF: 886
Fractional: No
Mon Assn Fees: $

Acres: 0.020
Flood: A
Other Mon Fees: $

Zoning: 07 – R-3.5 [...]

Continue reading about Hawaii Real Estate Motivated Seller

Jeff Orig, RA - Hawaii Real Estate Report on May 1st, 2009

Check out this email I just got from a local escrow officer:
Hi Jeff,
There’s a new trend in real estate. Recently released national statistics for existing homes show that sales prices rose 4.2% from February to March, which is much higher than the predicted 1.8%. Four facts stand out:

First-time buyers accounted for 53% of the transactions [...]

Continue reading about Did the bottom of the real estate market already pass us?

Jeff Orig, RA - Hawaii Real Estate Report on April 8th, 2009

There are some deals and opportunities  happening in Hawaii Real Estate.  Check this out:
ML#: 2816625 – Sold
List: $180,000
Sold: $150,000 FS – Fee Simple
TMK: 1-8-6-015-039-0000
Addr: 86-053 Farrington Hwy
City: Waianae HI Zip: 96792
Regn: Leeward Neighborhood: LUALUALEI

Roofd Liv Ar: 1,364
New Dev/Const: No
Bedrms: 3

Roofd Oth Ar: 224
Yr Built: 1955
Baths: 1 / 0

Opn Lanai Ar:
Remod Yr:
Furnished: Partial

Garage SF: [...]

Continue reading about Wow! $150,000 (fee simple) 3 bedroom 1 bath only a couple of blocks from the beach in Hawaii!

Jeff Orig, RA - Hawaii Real Estate Report on March 20th, 2009

Just a quick anecdotal note: we are getting a lot of cash offers in the past few days. Are investors sensing the time to buy? Conditions seem right to purchase and investors probably sense it too and may be preempting other buyers.
What are your thoughts? Let us know.

Continue reading about Hawaii Real Estate is Hot

Jeff Orig, RA - Hawaii Real Estate Report on February 25th, 2009

List: $510,000 FS – Fee Simple
TMK: 1-2-6-013-002-0218
Bldg: Waipuna
Addr: 469 Ena Rd 2107
City: Honolulu HI
Zip: 96815
Regn: Metro
Neighborhood: WAIKIKI
1 Parking
——————————————————————————–
Inter Liv Ar: 891
Bedrms: 2
Open Lanai:
Yr Built: 1971
Baths: 2 / 0
The listing agent of this large Waikiki condo says the Seller is motivated. Based on the price, I am not so sure how motivated [...]

Continue reading about Hawaii Real Estate Motivated Seller of the Day

Jeff Orig, RA - Hawaii Real Estate Report on February 15th, 2009

List: $165,000 FS – Fee Simple
A studio in the Waikiki Marina Condominium with 1 Bath located at
1700 Ala Moana Blvd 2504 with approximately 365 sq. ft.

To learn more or set up an appointment, please contact us.

Continue reading about Hawaii Real Estate Condo Alert – Waikiki Bargain!

Jeff Orig, RA - Hawaii Real Estate Report on February 8th, 2009

Auction Date is 03-02-2009
920 Ward Ave. 11C
Honolulu, HI 96814
This is a 2 bedroom 2 bath unit. The tax assessed value is $457,900.
Here is the link to the google map:
http://maps.google.com/maps?f=q&hl=en&geocode=&q=920+Ward%20Ave.+Honolulu+HI+96814
This is a property to watch.
The neighborhood is very central, right in the heart of Honolulu. Walk to the Blaisdel and shopping down Ward or on [...]

Continue reading about Hawaii Foreclosure of the Day

Jeff Orig, RA - Hawaii Real Estate Report on February 6th, 2009

List: $249,900 FS – Fee Simple
Pacific Manor
785 Kinau St 406
Honolulu, HI 96813
Inter Liv Ar: 536
Bedrms: 1
Open Lanai: 72
Yr Built: 1974
Baths: 1

New Carpet

This is a 1 bedroom unit in the heart of town (Honolulu).
The seller wants to sell and may be negotiable on price. They purchased at a great price [...]

Continue reading about Motivated Seller of the Day – Hawaii Real Estate

Jeff Orig, RA - Hawaii Real Estate Report on February 5th, 2009

It’s a buyer’s market here in Hawaii and this is a single family home with a legal Ohana unit. It’s almost like getting 2 homes for the price of one.
The main house is approximately 1111 sq. ft. and the ohana unit is approximately 392 sq. ft.
It has new carpets, ceramic tile & [...]

Continue reading about Motivated Seller of the Day