Hawaii Real Estate Blog

Questions and Answers

What is a Condominium Property Regime (CPR)

What is a Condominium Property Regime Here in Hawaii, Maui and Oahu we have a process called Condominium Property Regime (“CPR”), it refers to the specific form of ownership and governing process created when real property becomes a condominium. The process of creating a condominium is often referred to...

Do photos sell your Home?

Yes, and No…. Pictures alone won’t sell a home… When selling a home in Hawaii, Maui or Oahu good and attractive photos are instrumental to the success of selling your house because it is basically equivalent to the curb appeal of the property. More than 90% of buyers pay...

Tips to Accurately Price Your Home

Tips to Accurately Price Your Home in Hawaii Coming up with the right sale price for your home in Hawaii, Maui or Oahu can seem overwhelming. However, with good sense and the help of online home value tools, it’s easy to set a price that will both entice potential buyers and give you the...

Earnest Money Refund

When does a buyer get an earnest money refund? In most real estate transactions that don’t close in Hawaii, Maui or Oahu, the seller does not get to keep earnest money refund; most accepted offers become completed sales, and the earnest money becomes part of the purchase price. However when real...

Inspection Contingency

The Inspection contingency An inspection contingency in Hawaii, Maui or Oahu is a standard contingency for any buyer who is purchasing a home. It gives the buyer the right to cancel escrow without penalty if the buyer discovers aspects of the home not to his or her liking during...

Appraisal Contingency

Appraisal Contingency An appraisal contingency in Hawaii, Maui or Oahu is a standard contingency in an offer to purchase real estate for any buyer who needs to obtain a loan to a purchase a home. It gives the buyer the right to cancel escrow without penalty if the bank appraiser...

Contingencies

Contingencies in Hawaii, Maui or Oahu There are standard contingencies every seller should expect to see in an offer to purchase real estate: Title contingency, inspection contingency, survey and unless the offer is all cash, appraisal and loan contingencies. There is also a non-standard contingency that sellers should avoid:...

Contingent Offer

Why You Should Almost Never Accept a Contingent Offer When real estate agents in Hawaii, Maui or Oahu talk about a “contingent offer,” they usually mean one kind of contingency: an offer contingent on the sale of a property owned by the buyer. Understanding this definition is key. Why?...

Earnest Money

What is Earnest Money and How Much Should You Require? Also known as a good faith deposit, earnest money is a deposit paid into escrow by the buyer in Hawaii, Maui and Oahu once the seller accepts the buyer’s offer to purchase real estate. The earnest money deposit is...

Prequalified vs. Preapproved

Prequalified Buyers vs. Preapproved Buyers A buyer in Hawaii, Maui or Oahu that has been preapproved for a loan is preferable to a buyer who has only been prequalified. Here’s why. Prequalified for a loan The prequalification process is fast, easy and usually free. Buyers do not send financial...