Are you a home owner in Hawaii and considering holding onto your property when you leave Hawaii on Military PCS orders, Retirement Orders or something similar?  What would you do with your house when you leave?  If you plan on keeping the house and using it as an investment/rental property, you should be aware that you could very possibly be subjected to the HARPTA tax which the state of Hawaii taxes people who are non-owner occupants of property and who sell their property at a future date.  For example:  If the Military Servicemember in Hawaii had a home that they used for a rental property after they left Hawaii and then several years later they sold the property, they would almost certainly be subject to the HARPTA tax.  The HARPTA tax is 5% of the amount realized.  If the house sold for $650,000 then the tax would be $32,500.00.  On a $350,000 house, the HARPTA tax would be $17,500.00.  That is definitely something for you to keep in mind if you decide to use your piece of Hawaii real estate as a rental.  Since I am not a tax professional or attorney, I suggest you check out the State of Hawaii Department of Taxation Website for further information and clarification.

For more information on Oahu Real Estate, Hawaii Homes For Sale, Sell and VA Loans in Hawaii, contact the number one, dedicated real estate company in Hawaii that focuses on taking care of their fellow Servicemembers from Hawaii.  Hawaii Military Realty, Inc.  Veteran owned and Veteran operated.

Hawaii Military Realty, Inc.  will hold an Open House Jan 13th 2:00 to 4:00 PM.  This beautiful home is located in the Ewa by Gentry community of Haleakea.  It is clean, in excellent condition and just a few years old.  There is one bedroom and full bathroom on 1st floor.  Loft/media room on 2nd floor.  Wood laminate flooring, upgraded carpet, tiled lanai, sprinkler system, central AC, covered lanai and fully fenced yard.  Garage, driveway AND street parking!  Highly desirable Haleakea neighborhood near Hawaii Prince Golf Course.  This home is NOT a short sale.   This home is eligible for purchase using a Hawaii VA Loan.  For more information, contact David Kucic, Hawaii Military Realty, Inc. at (808) 218-9338.

The real estate statistics for Oahu, Hawaii 3rd quarter, 2012 are completed.  Hawaii Military Realty, Inc. which opened its doors for business in 2011 has quickly proven that they are professionals in the Hawaii real estate industry.

Hawaii Military Realty, Inc. ranked #72 out of 705 real estate brokerages on the island of Oahu for the first 3 quarters of the year.

David Kucic, President and Owner of Hawaii Military Realty, Inc. ranked #46 out of 2,597 real estate agents on the island of Oahu.  David also ranked #16 out of 2,597 real estate agents with the amount of transactions for the first 3 quarters of 2012 (29 transactions).

Congratulations to Hawaii Military Realty, Inc and for their continued support of Military Families in Hawaii.

AVAILABLE APRIL 18, 2013.  This is the most sought after model in the Ewa Gentry neighborhood of SONOMA/PRESCOTT.  The “Santa Rosa” model home has over 2,000 sf of interior living space, a large 300 sf loft on the 2nd floor, bedroom and full bathroom on the first floor, large, fully fenced 5,000+ sf lot, two car garage, driveway, central air conditioning.  Wood laminate and tile flooring on 1st floor.  Recently painted exterior.  Walking distance to award winning HOLOMUA Elementary School.  Close to Foodland, Longs Drugs, Subway, Starbucks and more.  LAWN CARE IS INCLUDED IN RENT!  One intersection away from the new “Laulani Village Shopping Center” which will have Safeway, Ross, Walgreens, City Mill Petco and much more shopping and office space!  For more information and to schedule your private showing, contact Hawaii Military Realty at (808) 218-9338.  You can visit this property on Hawaii Military Realty website at www.himre.com. Military clause is part of contract.  $20 credit check fee per adult.  NO PETS. MORE PHOTOS COMING SOON.  CURRENT TENANTS IN PROCESS OF MOVING OUT AND CLEANING.  Homes in the Sonoma neighborhood are eligibile for a VA Home Loan in Hawaii if you are interested in purchasing a home in Hawaii rather than renting.  Hawaii Military Realty is your full service, Oahu real estate sales and property management company.

There are not a lot of homes for sale in Ewa Beach, Hawaii that dont already have offers on them.  While it looks like there might be a lot of homes for sale in Ewa Beach because you see the “For Sale” signs in front of the houses, that doesnt necessarily mean that they are avaialble.  Once a “For Sale” sign is placed in front of any home for sale on Oahu, Hawaii, it will almost always remain in front of that home until the transaction closes.  Sometimes, especially with the short sales on Oahu, this could take up to 6 or 8 months.

If you want to know what properties are really for sale in Hawaii and that dont already have offers on them, contact Hawaii Military Realty at (808) 218-9338 or email to david@davidkucic.com.

The maximum VA Loan limit in Hawaii for Honolulu County has been increased to $756,250 effective August 6, 2012.

The VA Loan in Hawaii can be used to purchase a single family home, townhouse or condo in Hawaii as well as new construction homes on Oahu.  The VA Loan in Hawaii is a 100% financed loan so no down payment is necessary.  Oahu, Hawaii has fantastic, family friendly neighborhoods in Ewa Beach, Kapolei, Mililani, Waikele, Pearl City, Aiea, Honolulu, Kaneohe and Kailua just to name a few.  All of these neighborhoods are eligibile for the VA Loan purchase.

For more information on VA Loans and how Veterans can purchase a home in Hawaii, please call your Hawaii Military Relocation expert, David Kucic, President/Owner of Hawaii Military Realty, Inc. at (808) 218-9338 or email to:  david@davidkucic.com.

The property tax rates in Honolulu County Hawaii for the year 2012 to 2013 for residential properties are $3.50 per $1,000 of assessed value.  For example, the median home price on Oahu is approximately $650,000.  Lets assume that the tax assessed value is also $650,000.  The annual tax for this example of Hawaii real estate would be $3.50 x 650 = $2,275 per year.  This breaks down to a rate of approximately $190 per month.

Taking it one step further, if you file your “Hawaii Property Tax Exemption Form” and are entitled to the $80,000 tax exemption, then using the same figure above, you would take the assessed value of $650,000 and subtract $80,000 which means your taxable value is $570,000.  At a tax rate of $3.50 per $1,000 of assessed value, this would make the annual tax $1,995 or $167 per month.

The other Hawaii county tax rates are:  $5,75 for Maui County, $5.55 for Hawaii County (the Big Island) and $3.05 for Kauai County.

I am not a tax professional or a tax attorney but I do have common sense and I know how to read and follow simple instructions such as using available information to determine examples of estimated property tax payments.

For more information on homes for sale in Hawaii or any other Hawaii real estate related questions, feel free to contact Hawaii Military Realty Inc at (808) 218-9338 or email to david@davidkucic.com.

New listing as of this morning, June 4th.  This townhome is located in the Townhomes at Fairways Edge in Ewa Beach, Hawaii.  It is a short sale listed at $330,000.  THIS LISTING AGENT IS A SHORT SALE SPECIALIST.  MOST SHORT SALES CAN BE APPROVED WITHIN A FEW MONTHS AND DO NOT TAKE 9 MONTHS TO CLOSE!  IF SOMEONE IS TELLING YOU TO AVOID SHORT SALES, YOU SHOULD WALK THE OTHER WAY AND FIND A NEW AGENT BECAUSE YOU MIGHT BE MISSING OUT ON SOME OF THE BEST PROPERTIES THAT ARE AVAILALBE ON THE MARKET.

It is a 3 bedroom,  2.5 bathroom townhome with an attached 2 car garage.  The home has central air conditioning, all standard appliances, wood laminate flooring downstairs and carpet upstairs.  There is a community swimming pool, spa and BBQ area in the development within walking distance. This community is eligible for purchases using the Hawaii VA Loan entitlement.  There are also nearby miles and miles of walking, jogging and biking paths.  For more information, contact Hawaii Military Realty at (808) 218-9338.

This is a beautiful, end unit townhouse in the Fairways Edge.  It features 3 bedrooms, 2.5 bathrooms, 2 car garage, island kitchen, stainless steel appliances, central air conditioning and it backs to the swimming pool and spa.  Water, sewer, trash and access to the pool are included in the rent.  Available July 1, 2012 for $2,400 per month.