The Home Buyer's Korner

Information presented should be used for educational purposes only.

June 12th, 2015

Guy looking up in color

GREATER WAIANAE/MAKAHA 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 WAIANAE/MAKAHA AREA

HOMES FOR SALE LISTINGS

Livingston Homes for Sale

FIND HOMES THROUGHOUT WAIANAE/MAKAHA HAWAII

HUD FORECLOSED HOMES IN & AROUND THE GREATER WAIANAE/MAKAHA HI

USDA FORECLOSED HOMES IN & AROUND THE GREATER WAIANAE/MAKAHA HI

FNMA HOMEPATH FORECLOSED HOMES IN & AROUND WAIANAE/MAKAHA HI

FIND MORE FORECLOSURES IN & AROUND WAIANAE/MAKAHA 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-Ops Townhomes 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 Jumbo Investor Hard Money HARP HECM Equity Zero 3% 3.5% Portfolio Non-Warrantable Down Payment Assistance Real Estate Listings 96792 Waianae Kamooloa Maili Makaha Makaha Valley Waianae Waianae Nanakuli Nenelea Palehua Ranch Camp Waianae Village Manuku St Manuku St A Manuliilii Pl Manununu St Manuoioi Pl Manuu St Manuulaula St Kamaileunu St MAALOA ST Kimo St Kanahale Rd Gilipake St Kanapua Pl Haama Pl Hookele Pl Hookele St Kolealiilii St Midway St Ulei Loop HOOKUIKAHI ST Kaneaki St Hookuikahi St Kaneilio Pl Kaneilio St Pohakea Pl Piliuka Way Kaipo I St Pohakunui Ave Pohakupalena St Upena St Hoolokahi St Farrington Hwy Hoomaluhia St Mikana St Anaha St Wehiwehi St Huikala Pl Papaya Rd Kapaekahi St Kapakai Pl Princess Kahanu Ave Kuaha St Kapiki Rd IMIPONO ST Kulaaupuni St Farrington Hwy Lualualei Homestead Rd Naakawelola st Pakeke St Nakii St Wehiwehi St Makaha Surfside Mokila Pl Ualakahiki Pl Ualamaoli Pl WAIANAE VALLEY RD POKAI BAY ST Pokaihene Pl Pokaiikena Way Pokaikuahiwi Pl Laanui St Laaunoni Pl PAAKEA Paakea Rd Ehu St Ulehawa Rd Ulei Loop Water St Helelua Street Kahe Kai Mokila St OLD GOVERNMENT RD Old Government Rd Maiola St Maipalaoa Rd Maipalaoa Rd Maipela St Kulaaupuni St PLANTATION Lualei Pl LUALUALEI HMSTD LUALUALEI HMSTD RD Lualualei Homestead Rd Lualualei Homestead Rd Maiuu Rd Milikami St Nukea Pl Nukea St Farrington Hwy Kohai Pl ST JOHNS RD Hakalina Rd Hakeakea St HAKIMO Hakimo Pl Hakimo Rd Halapoe Pl Plantation Rd Maipalaoa Rd MAKAHA VALLEY MAKAHA VALLEY RD MAKAHA VALLEY RD Liopolo St Hale Ekahi Dr Hale Elua St MAKAU ST MAKAU ST Konini St Koolina St HALEAHI RD HALEAKALA AVE Makona St Halemaluhia Pl Helelua St Ponahakeone Pl Widemann St Ala Mahiku Dr Kauaopuu St Kauaopuu St Lihue St Leihoku St Leihua Pl Leihua St Farrington Highway Farrington Hwy KAUKAI Kaukai Rd Kaukama Rd Kaukamana Rd Kaukamana St Kaulaili Rd Leileho Pl KAULAWAHA KAULAWAHA RD Naakawelola St Naakawelota St Leipupu Pl AUYONG HMSTD RD Auyong Homestead Rd Waapuhi St KAUPUNI PL KAUPUNI ST Kauwahi Ave Ahekai St LAWAIA ST HALIKE PL Maliona St Kawao Ave Kawili Pl Kawili St Pokaihene Place Saint Johns Rd Lahilahi St Kepauala Pl Kepauala St Pahano Loop Paheehee Pl Paheehee Rd KEPUE PL Kepue St Kepue St Laia St Anaha St ALAHELE ST AONE PL Liliana St Nanaikala Pl Nanaikala St Nanakuli Ave Meaulu Rd ALAHELE ST Mill St ST JOHNS RD HOMESTEAD RD Kam Hwy Farrington Hwy FARRINGTON HWY LAHAINA ST FARRINGTON HWY Helelua St ALA HEMA ST FARRINGTON HWY MAKONA PUA LN ST JOHNS RD ST JOHNS RD Farrington Hwy KAWILI RD FARRINGTON AVE Pikaiolena St Pokaiikena Way Maiola Pl Heleuma St Anaha St Lahaina St Leihoku St LAHAINA ST MAHINAAU RD Analipo Pl ANALIPO ST Nenewai St Lahikiola Pl Lahilahi Pl Lahilahi St Mahiaina St PAKEKE ST Pakeke St Iniki Pl Apana Rd Laiku Pl Laiku St Mamoalii Pl MAUNAOLU ST Maunaolu St Naniahiahi Pl Naniahiahi St Lahilahi St Keaulana Ave Palakamana St HALONA Halona Rd Palani St Mokila St Holopono St Kowehe St Limakokua Pl Ala Mahiku St KULAAUPUNI KULAAUPUNI ST Kulahanai Pl Kulahanai St Kulahelela Pl Kulakoa Pl Kulakoa St Kulakumu Pl Kulala Pl Kulapa Pl NIHAU ST Pakeke St Kulawae Pl Niihau St Kulawae St Pilikana Way Pililaau Ave Holomalia Pl Holomalia St PILIOKAHI AVE PILIOKAHI AVE PILIUKA Holopono Pl Piliuka Pl Holopono St Piliuka Way Moua St Fricke St Kumaipo St Akowai Rd PALIKEA PL Palikea St Pilokea St Mamoalii Pl Mamoalii Way Holt St ALA AKAU ST Ala Walau St Mana St ALAHELE ST Ala Hema St Manaiakalani Pl WAI ANAE VALLEY RD Kuualoha Rd Ala Mahiku St KUWALE Kuwale Pl Kuwale Rd ALA NAAUAO PL Waianae Valley Rd WAIANAE VLY ALA POKO ST ALA WALUA ST Waiea Pl KILI DR Muolo St Kipahele Pl Kipahulu Pl Kipaipai Pl Kipalale Pl Kipaoa Pl Kipapani Pl Upena St Linakola St ARMY ST Lopikane St MOAELEHUA ST ARMY ST Anaha St Waiolu Pl Waiolu St Alahele St Moauli St Makau St Guard St Alamihi Pl Alamihi St Keliikipi St Farrington Highway Pkg Pua Ave Pua Ave Ala Mahiku St Puakolu St Pualeilani St KAHAU ST Ohemauka Pl KAHAU ST Kulaaupuni Street Oheohe St Puawiliwili Pl Alohiki St D Saint Johns Rd Kiana Pl Kiapa Pl Bayview St Alapaki St Helelua St Upena St Alawa Pl Lepeka Ave Ohiohi Pl Wehiwehi St Kuaha St Polikua Pl Hakimo Rd Mahinaau Rd Opuhe St Hana St Puhano St Puhawai Rd Puhinalo Pl Pukui Pl Pula Way Pulapula Pl KIHONUA PL Farrington Hwy Hila St HOAHA PL HOAHA ST Moeha St Moehahi St Helekula Pl Helekula Way Helelua Pl HELELUA ST Moekaa Pl Moekahi St Moekolu St Moelima Pl Moelima St Moelua St Okohola St Okokomo St GLENMONGER ST Maia St Maiaiholena Pl Maiapolua Pl FARRINGTON Farrington Hwy FARRINGTON AVE Widemann St Farrington Hwy LAHAINA ST 688 Ala Mahiku St Popohau Pl KILI DR Huamoa St Mailiilii Rd Punanaula St Heleuma St MANO AVE ORANGE ST Polikua St Farrington Hwy ALTA ST Wikolia Pl Farrington Hwy Mohihi Pl Mohihi St Kilouhane Pl Lokomaikai Pl Makau St Ala Mahiku St LAHAINA Hana St Kahau St Mokiawe St Pelanaki St Apuupuu Rd Kahiwelola St Lahaina St Kiana Pl Kaiamekala St Noholio Rd Kaihoolulu St Ihuku St Lahaina St Alta St Waianae Valley Rd Farrington Hwy WAIANAE VALLEY RD IKUONE PL Ikuone Pl Kaipoi St Jade St Kohai Pl Owelo Pl Momona Pl Kakaiapola St Kakalena St Laulele St LAUMANIA AVE ILIILI RD ILIMAPAPA PL Glenmonger St HANA ST Hana St Kaleiwohi St Hanalei St Hokuaea Pl Hokuaiaina Pl Hokukea Pl Hokupaa St Hokuukali Pl Hokuukali St PUUHULU RD Puuhulu Pl Puuhulu Rd McArthur St 105 Kulaaupuni St Manuaihue Pl Manuaihue St Halike Pl Makona St Makona St IMIPONO Imipono Pl Imipono St

Join us at Real Estate Social

Comments are closed.