Getting re-assigned to Schofield Barracks, Hickam Air Force Base, Tripler Army Medical Center, Ft. Shafter, Pearl Harbor or Marine Corps Base Kaneohe?  Are you considering purchasing Hawaii Real Estate?  If you do buy, how soon until you are going to become a SELLER?  Besides trying to get a bargain of a price,  getting the seller to pay some or all of your closing costs for you and having a comfortable mortgage payment with a great interest rate, you must think “outside the box”.

Where is outside the box?  That would be YOU placing yourself in the shoes of the SELLER.  Your real estate agent that works as a “buyers agent” doesn’t cost you anything with most companies when they are representing you.  Team Kucic of RE/MAX Honolulu is one of those companies.  How was your buyers agent going to get paid if it didn’t come from you?

The Buyers Brokerage Company gets paid by the SELLER.  In most cases, the cost to the SELLER is 5-6% of the purchase price IN REAL ESTATE BROKERAGE  FEES ALONE.  Add another approximately 2% on top of that for ESCROW FEES and the SELLERS portion of the CLOSING COSTS.

Where are we now?  You are now a SELLER and you should know that it will take you approximately 7-8% of the purchase price for you to sell your home.  As an example, lets say you purchased a home and took out a mortgage for $520,000.  You keep the home for 3 years and then it is time to move or PCS (for my Hawaii military buyers).  Assuming that you used your VA loan entitlement to purchase the property with a 100% financed, 30 year fixed rate mortgage, your loan balance on that 520k may be around 500k for example.  These are rough examples but should be effective to put it in perspective for you.

•·         You bought home for 520k in 2007 which included your VA Funding Fee

•·         3 years later in 2010 it is time to sell

•·         Your loan balance is now 500k because you paid down some of the principal on the loan

•·         It will cost you approximately 7-8% to sell your home

•·         At 7%, your fees to sell your home will be approximately $35,000.  At 8% it will be $40,000.

•·         Your house must be worth AT LEAST $535,000 to $540,000 in order for you to just BREAK EVEN!

Are you still ready to buy?  Make sure you have professional real estate representation when you seek purchasing a piece of Hawaii Real Estate.  Get good counsel and do a good analysis of what you are getting into when you make the decision to buy.  For more information, visit me on the web, send me a personal email with your questions or call me.

Ewa Beach Hawaii and Fort Weaver Road traffic is moving along very, very well as of October 4, 2009.  I no longer hear motorists complaining about the road.  Occasionally, as the construction crews continue with their work, they shut down one or two lanes but they are doing that during the middle of the day and not during rush hour traffic.   This is a small price to pay for this long overdue convenience of a wider road.

The widening of the road is about 80 percent complete all the way to Kolowaka Drive going Ewa Beach bound and from Geiger Road going town bound.  They still have to finish off the concrete sidewalks, curbs and landscaping but the extra lanes are now are open.

When I am out running on the trails that parallel Fort Weaver Road in the morning, I no longer can pass up the cars when I run.  Before the widening of the road, I would see a car or truck near Kolowaka Drive and I would get all the way to Renton Road before the car or truck got there.  That is no longer the case.  Maybe I am just running slower.

It is my opinion that home buyers are getting educated on the status of the new and improved Fort Weaver Road because correctly priced homes in Ewa Beach are going under contract almost as soon as they come on the market.  There are also multiple offers on almost every short sale listing in Ewa Beach.  Prior to the widening of Fort Weaver Road, these real estate stats were not like this.  I must attribute some of the Ewa Beach real estate sales growth partly due to the first time home buyers tax credit but more than that, Ewa Beach homes offer quality construction, larger homes, larger lots, central AC standard in almost every home built since 1997 and most importantly, some of the MOST AFFORDABLE HOMES ON THE ENTIRE ISLAND.

Ewa Beach Hawaii and Fort Weaver Road traffic is moving along very, very well as of October 4, 2009.  I no longer hear motorists complaining about the road.  Occasionally, as the construction crews continue with their work, they shut down one or two lanes but they are doing that during the middle of the day and not during rush hour traffic.   This is a small price to pay for this long overdue convenience of a wider road.

The widening of the road is about 80 percent complete all the way to Kolowaka Drive going Ewa Beach bound and from Geiger Road going town bound.  They still have to finish off the concrete sidewalks, curbs and landscaping but the extra lanes are now are open.

When I am out running on the trails that parallel Fort Weaver Road in the morning, I no longer can pass up the cars when I run.  Before the widening of the road, I would see a car or truck near Kolowaka Drive and I would get all the way to Renton Road before the car or truck got there.  That is no longer the case.  Maybe I am just running slower.

It is my opinion that home buyers are getting educated on the status of the new and improved Fort Weaver Road because correctly priced homes in Ewa Beach are going under contract almost as soon as they come on the market.  There are also multiple offers on almost every short sale listing in Ewa Beach.  Prior to the widening of Fort Weaver Road, these real estate stats were not like this.  I must attribute some of the Ewa Beach real estate sales growth partly due to the first time home buyers tax credit but more than that, Ewa Beach homes offer quality construction, larger homes, larger lots, central AC standard in almost every home built since 1997 and most importantly, some of the MOST AFFORDABLE HOMES ON THE ENTIRE ISLAND.

Fort Weaver Road was previously notorious for traffic congestion but that is not the case any longer!  If you want a great home, large square footage, newer or new construction, central air conditioning, 2 car garages and much more, then you NEED to consider Ewa Beach!

A 3rd lane has been added in on Fort Weaver Road and the traffic is moving along very, very well.  Even though the construction is only about 70% complete, it is about 90% complete up to the point where it really makes a difference which is from the H-1 Highway to Kolowaka Drive.

Come out to Ewa Beach for your next home!  We are warm and sunny out here while other areas of the island are covered with clouds and rain.

Want to learn the basics of purchasing Hawaii real estate using your VA Loan Eligibility without having to sit in a boring seminar? This short video gives you the basics and is presented by 1SG (Ret) David Kucic, VA Home Buying Specialist in Hawaii with RE/MAX Honolulu.

VA Home Buying Hawaii on YouTube

VA Loans in Hawaii do not come from the VA. They come from banks and other financial institutions. Be aware when you are shopping around for a VA Loan in Hawaii because what you find on line might really not be what you think it is. For example, you will find many mortgage brokers that have websites with the term “VA Loans Oahu“, “VA Loans Hawaii“, “Hawaii Military VA Loans” etc…. NONE of these companies work for or are associated with the VA! For more information about Hawaii VA Loans and Hawaii Real Estate, contact the Hawaii real estate agent you can trust: your Hawaii Military Expert and Retired Military Veteran, David Kucic, 1SG, USA (Ret)