Cable TV, Internet and Telephone are included in the rent.  This is a 2 year old home in excellent condition.  Located in the resort community of Ka Makana at Hoakalei in Ewa Beach.  Beautiful REAL hardwood floors (not laminate) on the 1st floor and upgraded carpet on the 2nd floor.  Stainless steel appliances, island kitchen, dining room, family room, formal living room, office space on the 2nd floor loft, covered lanai in the backyard, professionally landscaped, central air conditioning, front loading washer and dryer, park located across the street, walk to dinner at Hoakalei Country Club dining lanai.
For your private showing, contact 1SG (Retired) David Kucic, Broker/Owner of Hawaii Military Realty, Inc.  at (808) 218-9338 or send an email to:  david@davidkucic.com.   $3,400 per month.  Available mid January 2012.

The bottom line is that you can get a credit from a Seller of a home in Hawaii or a credit from a developer of a new construction home in Hawaii and use it to pay off your consumer debt.   This can only be done with a Hawaii VA Loan and not other loan programs.  For example:  If you buy a $400,000 single family home on Oahuand the Seller credits you $15,000, you can use some of that money to pay off consumer debt in conjunction with your Hawaii VA Loanin addition to using the money to pay off your closing costs and prepaids.  In the past, Buyers that I have represented have paid off car loans, credit cards and student loans in conjunction with the purchase of their homes in Hawaii.

Call or email me if you would like any additional information.  To search the Oahu MLS for properties for sale on Oahu, visit my homepage at www.himre.com and click on the link to search for homes.  My website is linked directly into the Oahu MLS and you will see ALL properties for sale on Oahu.

2011 Aloha Aina Award Winners

This is great news for military families relocating to Hawaii who want to purchase a home on Oahu.  While the reduction’s don’t look like much on paper, they actually do provide a savings of up to several thousand dollars due to the high price of real estate on Oahu.

Under the current VA Loan Funding Fee structure, the rates are as follows:

• Active Duty is 2.15% but would go down to 1.4% under the new plan
• National Guard and Reservists are 2.4% but would go down to 1.65% under the new plan
• If using a down payment of 5% or more, the rate will also go down
• If using the VA Loan for a subsequent time, the rate will go from 3.3% to 2.8% for year 2011-2012, 2.15% for year 2012-2013 and 1.25% for loans closing Oct 2013 and later.

For more information on VA Loans in Hawaii and Purchasing Real Estate in Hawaii, contact Hawaii Military Realty, Inc. and ask for David Kucic at (808) 218-9338 or email david@davidkucic.com

Interested in a short sale in Hawaii?  We are your Ewa Beach, Kapolei, Mililani, Makakilo, Koolina Resort, Waipahu, Waianae, Aiea, Pearl City, Pearlridge and Waikele short sale experts!

There are also more opportunities to get an even lower interest rate if you are willing to pay a portion of a point or more.

For more information on VA Loans in Hawaii and Hawaii Homes For Sale, contact David Kucic with Hawaii Military Realty at (808) 218-9338.  Hawaii Military Realty has been and will continue to be the preferred choice for military famlies that are relocating to Hawaii.

With a VA Loan in Hawaii, the “Seller Credit” that is identified in Paragraph C-67 of the Purchase Contract MUST be phrased in a way that the Buyer is able to use the credit to its full extent.

This topic is very important when lenders are offering “Rebates” on loans because the rebate CANNOT be used to pay off debt of the Buyer but if worded correctly in Paragraph C-67, the Seller credit CAN be used to pay off debt.   As of yesterday, one of my Hawaii VA loan officers offered a rate of 4.25% on  a 30 year fixed rate VA loan with a 2 point rebate! 

I am not an attorney or a tax professional but I do know how to ask the right people for the answers in order to get the best deal for my Buyers.  For more information, refer to your real estate professional or give me a call anytime if you don’t have a real estate professional working for you.

David J. Kucic, REALTOR
Broker/Owner
Hawaii Military Realty, Inc.
Phone: (808) 218-9338
Email: david@davidkucic.com

Here are some of the incentives that are being offered:

The developer will give 4% of the base price of the home as a credit for the VA buyers contracting now to 8/31/2011.

This credit can be used to pay off the personal loans, including the credit cards and car loans. 

In addition, the developer will pay up to 2 points and the closing costs by going with the developers lead lenders for the loan. 

The house will come with the front yard & back yard landscaping and appliances including washer/dryer and vertical blinds throughout the house.

The shopping center is to be located between Kapolei Parkway and Roosevelt Avenue near the Department of Hawaiian Homelands main office in Kapolei.

It is proposed to have somewhere around 1.4 million square feet and include a major department store, a family entertainment complex, retail stores, restaurants, two hotels catering to local residents, office building, underground parking, pedestrian plaza surrounded by outdoor cafes, market, drug stores and convenient stores.

Updates to follow as they become available.

Message to Hawaii Property Managers:  You need to pull your heads out of your butt because I am recommending you to people that call/email me for a property manager recommendation and I am getting reports that your services are less than spectacular.  If you are one of the Property Managers on Oahu that:  1) fail to answer your phone calls or emails, 2) fail to show up at scheduled appointments (or on time) to show a house to a prospective tenant, 3) direct tenants to your website to search for rentals but there is nothing available on your website and 4) generally you just aren’t very helpful.  You should seriously re-consider your business and go find another job because you are an embarrassment to the profession.

If the shoe fits, wear it.

The new tax rate will be $3.50 per $1,000 of net taxable value.   This increase of .21 cents is nothing major.

An example of the change in tax rate for an owner occupied property on the island of Oahu, Hawaii for a home with a combined land and building value of $600,000:

Old Tax Rate of $3.29 would be $1,974 yearly property tax with zero exemptions.

New Tax Rate of $3.50 would be $2,100 yearly property tax with zero exemptions.

For more information about Hawaii Real Esatate, Hawaii Property Tax Rates and how you can save money by filiing a property tax exemption form, contact David Kucic at Hawaii Military Realty, Inc.