The Home Buyer's Korner

Information presented should be used for educational purposes only.

June 12th, 2015

Guy looking up in color

GREATER LAIE/HALEIWA HAWAII

The Home Buyer’s Korner

Google+ RE Community

Google+ Mortgage Lender Community

Google+ General Contractor Communities

Why Use A Listing Real Estate Agent?

Sold Home For Sale Sign in Front of New HouseUsing a real estate agent does include a cost factor and many home sellers assume by selling a house themselves is a great way to save money. It’s true seller may save on the commission by selling their home on their own, but all too often sell a house without a real estate agent may actually cost you more money than the commission saved.

Previous home sellers often claim they saved thousands selling their home and they sold it within days of deciding to put it on the market without an agent. The other side of this story is they often sold it unknowingly under value and left a lot of money on the table. An experienced real estate agent will often made up for the commission they charged by pricing a house right and working for the seller’s best interest. And, few home owners rarely understand the art of pricing a home right to sale.

Experienced real estate agents understand the right way to marketing your home and know where to display your house in places home owners seldom consider or have access to.

When you try to sell your home on your own at first glance it may appear you can save five, six or seven percent of the sales price by avoiding a real estate commission. However, the fact remains that most buyers work with real estate agents when they are looking for a house. If you haven’t priced your home correctly and include the real estate agent representing the home buyer, then you’ve eliminated most home buyers in your market. Reducing your interested market can greatly extend your home’s time on the market and adds all kinds of hidden cost.

If you do agree to pay a buyer’s agent, you are only saving half of a commission. However, you aren’t being represented by the buyer’s real estate agent who then has the upper hand in negotiations and the selling process. The home buyer’s agent will have the best interest of the buyer in mind, not yours and it would be completely acceptable to negotiate much of the closing cost to their benefit and not yours.

If you under price or over price a home it can be a very costly mistake. When a home first comes on the market is the best opportunity to sell a house. More often than not home buyers are waiting for the perfect location to them and priced right from the beginning.

If a home comes up for sale that is overpriced, serious home buyers won’t look be interested. An overpriced home will then sit on the market for month until the price is lowered. Remember home buyers are being represented by real estate agent and getting good advice. Additionally, when home buyers see a home has been on the market for an extended period, home buyers begins to start to wonder what is wrong with it. Even if the price is lowered to the right value several weeks later, the home still may not sell for what it would have sold for if it had been valued correctly to begin with.

Houses become stigmatized the longer they are on the market. A home owner that no longer lives in the home that has a stigmatized listing is very bad. Every month a home sits vacant it costs money from paying the mortgage to keeping it maintained.

Under pricing a home can cost just as much money as over pricing a home. When you under price a home you will most likely sell it very quickly, but there is a great chance you will sell it for less money than it is worth. It’s true that under pricing a home can stir up a lot of activity and produce many offers.

Properly valuing a home is the most important aspect of selling it, but without a lot of experience it’s simply impossible to do. Without MLS access and understand all the vacancies between each listing; it’s very hard to get information and accurately evaluate recently sold homes.

There are many companies that now offer low fee MLS service. Pay a few hundred dollars and get your home entered into the MLS, but there are many problems with using this type of service.

  1. The service will never evaluate your homes unique features and access their value.
  2. You the home owner still has to take all calls; do all the marketing; set up showings and you’re now exposing yourself to negotiating with a professional with no representation.
  3. You most likely will agree to pay the buyer’s agent if you enter the home in MLS and probably underestimated your home already. Once you have paid the MLS listing company, buyer’s agent, and very likely got out negotiated, not to mention you likely underestimated your home value are you really saving much money?

Recently sold properties in your area are the most important piece of information needed to value a home. People have access to active listings through websites like Zillow, but only licensed agents have access to MLS, which lists sold homes. Active listings can provide an idea of your homes values, but you have no idea if houses are overpriced or what price they will actually sell for. Every house is different, because every house has different features and locations. A real estate agent is an expert at determining value based off of these characteristics.

Zillow provides a Zestimate for house values and many people assume this value is accurate, but it’s created with artificial intelligent software and often off by as much as 20 to 40 percent. As a general rule you should never value a home based solely on a Zestimate.

It is almost always better to use a real estate agent to sell a home instead of selling a house yourself. When it’s all said and done, a real estate agent will make you more money on the sale of your home even though they charge a commission.

VISIT OUR GREATER LAIE/HALEIWA AREA

HOMES FOR SALE LISTINGS

Livingston Homes for Sale

FIND HOMES THROUGHOUT LAIE HAWAII

HUD FORECLOSED HOMES IN & AROUND THE GREATER LAIE/HALEIWA HI AREA

USDA FORECLOSED HOMES IN & AROUND THE GREATER LAIE/HALEIWA HI AREA

FNMA HOMEPATH FORECLOSED HOMES IN & AROUND LAIE/HALEIWA HI

FIND MORE FORECLOSURES IN & AROUND LAIE/HALEIWA HI

HAWAII HOME OWNERSHIP TOOLS

Your Home Purchasing or Refinancing & Renovation Tools,

Home Improvements, Home Renovations,

Mortgage Loan Officers, Real Estate Agents & General Contractors

are ready to assist you with your home purchase.

Here are just a few of the home improvements

you might consider with any Home Renovation loan

Repair or replace a roof

Install, replace or repair gutters and downspouts

Replace, repair or upgrade your HVAC system

Repair or replace plumbing

Install, repair or replace electrical systems

Kitchen remodeling (including the purchase and installation of appliances)

Bathroom remodeling, Full interior painting, Total exterior painting

Repair or replace a septic system and/or well

Disability access (wheelchair ramp, elevator, widen doorways)

Build, repair or replace deck, patio or porch

Basement waterproofing and finishing

Abatement/Stabilization of lead-based paint hazards

Replace old windows, Room additions, Finish an attic

Add a second story to your home

Replace a termite damaged sill plate (a water-damaged sill plate also)

Possible landscaping items such as correction of grading & drainage problems,

tree removal, repair a driveway and sidewalks

FHA 203K

Your Home Purchasing or Refinancing & Renovation Tool

Mortgage Loan Officers, Real Estate Agents & General Contractors

are ready to assist you with your home purchase

FANNIE MAE HOMESTYLE

The Conventional Alternative to FHA 203K

Great for Real Estate Investors and Second Home Renovations

Mortgage Loan Officers, Real Estate Agents & General Contractors

are ready to assist you with your home purchase

USDA RURAL DEVELOPMENT

Up to $10K for Home Improvements, Renovations or a Simple Remodel

Mortgage Loan Officers, Real Estate Agents & General Contractors are ready to assist you

A SIMPLE HOME SHOPPING INSPECTION TOOL

Organizing your home shopping experience affords a wise decision-making process.

This simple home inspection tool makes your ultimate buying decision a smart one.

To print this document click on “Open in New Window” located at the lower right corner;

click on “File”; then click on “Print”. In the center of the screen you will

have the option to “Create A Printable PDF of the Presentation”.

START YOUR PATH TO HOME OWNERSHIP TODAY

FNMA HomeStyle FNMA My Community Mortgage FHA One-Time Close Construction Portfolio or VA home loan Homes for Sale REO Short Sales FNMA HomePath Properties HUD Homes USDA Homes Condominiums Co-OpsTownhomes Manufactured Homes Modular Homes Mobile Homes Log Homes Second Homes Investment Property 2-4 Family Custom Home Builders Custom Built Homes Luxury Homes General Contractors Home Improvement Experts Kitchen & Bathroom Renovations Real Estate Brokers & Agents Mortgage Lenders Federal Credit Unions Community Bankers Real Estate Listings Laie Haleiwa Hauula Kaaawa Kahana Kapaeloa Kawailoa Beach Kawela Bay Kahuku Kamooloa Kapaeloa Marconi Mokuleia Mokuleia Beach Colony Punaluu Pupukea Ranch Camp Sunset Beach Thompson Corner Waialua Halekauwila St Olomana Ln Vineyard Blvd Cooke St LAUHALA ST Lauhala St Laukoa Pl Laola Pl Curtis St Kalamaku St Ahui St Lauoha Pl Queen Emma St Bishop St Bishop St Queen St Kalili Pl Anianiku St Funchal St King St Nonanona Pl Boyd Ln Prospect St San Antonio Ave Namilimili St Namokueha St Kaloko Ln Queen St KEALANANE AVE KEKUILANI VLG Tantalus Dr Akaka Ln Lunalilo St Kamalalehua Pl Lunalilo St Kamamalu Ave KAMANI ST SCHOOL ST Queen Emma St South St Kuakini St Kukui St Azores St Kinalau Pl Aaliamanu Pl Kinau St Kinau St MAGELLAN AVE Magellan Ave Bishop St Kuakini St Haalelea Pl Keawe St Queen St Pakohana St Hookui St Lusitana St Kanealii Ave St Mauka South St Lusitana St LUSITANA ST MILLER ST Star Rd Richards St Prospect St Kaola Way Alakea St Pohukaina St Kapahu St Naone St Queen St KAPALOALA PL Kapaloala Pl Kapalu St Tantalus Dr Kapiolani Blvd Pali Hwy KAPULEI ST Pauoa Rd SCHOOL AUWAIOLIMU ST Pacific Heights Rd BOOTH RD MAKAAOU ST KAM HWY LELEULA PL WAIHOLE VALLEY RD WAIKUPANANHA ST COMM PARK KAM HWY KAMAAHA Waimalu Valley Rd Whiting St KAUMUALII HWY STREAM KIAHUNA PLTN RD KUHIO HWY King St KEAUNUI DR Spencer St LANILOA RD Ukuwai St Captain Cook Ave Beretania St ALAPAI ST Alapai St GOLF COURSE TEE PROPANE TANK SITE Kekuanoni Pl Kekuanoni St Richards St MOKUHANO Hiolani Pl Wailani Rd Curtis St Haweo Pl Miller St Concordia St Waimanu St Ohai Ln Kapiolani Blvd Ohelo Ln Frear St Iolani Ave Manele St Koalele St Merchant St Pacific Hts Rd Haili Rd Iaukea St Bush Ln Bishop St Hiilani St Hiilawe St Harbor Court Queen St Madeira St Uhini Pl School St Barron Ln ALA MOANA BLVD Pacific Heights Pl Pacific Heights Rd Pacific Heights Rd Aaliamanu Pl Andrews Ln LADD LN Kolonahe Pl Vineyard St Cottage Walk Beretania St Huali St NAMAHOE Huanu St BEACH RESERVE HALEKAUWILA ST St Makai Laniloa Rd Laniloa Rd Emerson St Auwaiolimu St Ahekolo St Polulani Pl Queen St Freeland Pl Lae St Puna Ln Milo Ln Punchbowl St S Kukui St Von Hamm Pl Booth Rd Puowaina Dr PUOWAINA ST Bethel St Kauhane St Kauila St Booth Rd Green St Liko Ln Kaululaau St MOREIRA ST Moreira St Leilehua Ln Nehe Ln Kaia St Kawaena Pl Pacific Heights Rd ANIANIKU ST AUWAIOLIMU ST AUWAIOLIMU DR PAUOA RD PAUOA STRM Naale St BISHOP KRAUSS ST Krauss St BARBERS POINT NAS FARRINGTON HWY Pele St Keopua St KAIAKA ST PIKAI ST Pikai St Kawailoa Dr POAMOHO KAIKA PL Hoalike Rd HOALUA ST WANA PL Kawoa Pl Kawoa Way Kawowo Pl Kawowo Rd Makana Rd MAKANALE ST SMILEY PL Tutu St Kawoa Way Waialua Beach Rd PUKEA RD Kahauola St Mamao Pl Mamao St MAIKA PL Maika Way NAPOONALA PL KE WAENA RD Ikuwai Pl Ikuwai Way Wilinau Rd Wilinau Rd Tutu St Makanale St HAKUOLA RD Waialua Beach Rd Kilioe Pl Joseph P Leong Hwy Pupukea Rd KUMUPALI RD Haleiwa Rd AKANOHO PL Akanoho Pl AWAI LN Tutu Pl KUPAOA PL ILIOHU WAY Iliohu Pl Iliohu Way Waialua Beach Rd POHAKU LOA WAY Pohaku Loa Way Waka Rd NIUULA RD AMARA RD KAMEHAMEHA HWY Iwia Pl MAHAULU LN Holawa St Ke Nui Rd Makana Rd Alapio Rd Ke Iki Rd KE NUI RD Ke Nui Rd Ke Waena Rd OOPUOLA ST PAHOE RD AUKAI LN Aukauka Pl Aukauka Rd Opae Rd KAPUAI PL HALEIWA RD HALEIWA LOOP HALEIWA RD KAPUHI PL KAPUHI ST Keahipaka Ln Keahipaka Ln ALAPII ST ALAPIO Alapio Pl Alapio Rd HOLAWA PL HOLAWA ST Maulukua Pl Maulukua Rd KEWALO LN Lokoea Pl Pupukea Rd Punalau Pl HOLAWA ST KAIKA RIV KAMEHAMEHA HWY KAMEHAMEHA HWY Kamehameha Hwy KE NUI ROAD RD KEIKI PL PIKAI ST ALAPIO RD WAIALUA BEACH RD WAIALUA BEACH RD Amaumau Pl KAM KAM HWY EMERSON Achiu Ln WALIKANAHELE Walikanahele Rd PAUMALU PL Papailoa Rd HUELO ST PUULA RD PAALAA RD Paalaa Rd WEHIWA Wehiwa Pl Wehiwa Way KAMEHAMEHA KAHAE RD Naoiwi Ln Kamehameha Hwy Pupukea Rd Pupukea Pl Pupukea Rd Pupukea Rd KAHAUOLA ST Kamehameha Hwy Hoalua St MAKANALE ST Nalimu Rd Kaika Pl Kaika Pl Kaunala Pl Kaunala St Kanalani Pl Anahulu Pl Kanalani Pl Kanalani Pl EMERSON RD Maunuunu Pl Huehu Pl Huehu St Peawini Pl Kiu Pl Honokawela Dr LALO KUILIMA WAY Kamehameha Hwy Keawemauhili Pl Pualalea Pl Pualalea St PUALALEA WAY LALO KUILIMA WAY LALO KUILIMA WAY LALO KUILIMA WAY LALO KUILIMA WAY Kekauoha St Kuilima Dr Kuilima Dr Kuilima Dr Kuilima Loop Kamehameha LALO KUILIMA WAY LALO KUILIMA WAY Punaulua Pl Kuilima Dr Leleuli Pl Leleuli St Lalo Kuilima Pl Lalo Kuilima Way KAM HWY KAM HWY Pahelehala Loop PAHIPAHIALUA PL Pahipahialua St Makaiau Pl Puuluana Pl Alapa Pl Kuilima Drive ELEKU KUILIMA PLACE Kamehameha Hwy KAMEHAMEHA HWY Kamehameha Hwy Kuilima Dr Kahana St Olauniu Pl Above Turtle Bay Kamehameha Hwy Kuilima NANILOA LOOP Pakelo Pl NANILOA LOOP NAUPAKA ST NAUPAKA ST WAHINEPEE ST KAMEHAMEHA HWY HAUULA NANILOA LOOP Kamehameha Hwy ANEMOKU ST Moana St KULANUI LN KULANUI ST Naupaka St KAM HWY Puuahi St Lanihuli Pl LANIHULI ST POOHAILI Poohaili St PALEKANA ST Iosepa St IOSEPA ST HALE LAA BLVD KAMEHAMEHA HWY Loala St

Join us at Real Estate Social

Comments are closed.