Comments on: The Fed’s Next Move http://islandrealestate.honadvblogs.com/2008/04/28/the-feds-next-move/ Thu, 28 Aug 2008 00:08:06 +0000 http://wordpress.org/?v=2.3.3 By: Alex http://islandrealestate.honadvblogs.com/2008/04/28/the-feds-next-move/#comment-321 Alex Mon, 11 Aug 2008 14:36:12 +0000 http://islandrealestate.honadvblogs.com/2008/04/28/the-feds-next-move/#comment-321 cool cool

]]> By: abelee http://islandrealestate.honadvblogs.com/2008/04/28/the-feds-next-move/#comment-244 abelee Fri, 09 May 2008 17:09:12 +0000 http://islandrealestate.honadvblogs.com/2008/04/28/the-feds-next-move/#comment-244 Many of our clients are waiting to purchase because they think the prices of homes will go lower in the future. Our listings that are priced right have offers within days and sometimes weeks. If the listing is overpriced, the listing will sit until the price comes down and there will be increased activity. The buyers are having a harder time qualifying for a loan but the interest rates are very attractive for those that can qualify for a loan. I personally believe that unless there is a major catastrophe on the mainland or the world that Hawaii prices will not see the big drop in prices that has occurred on the mainland. The interest rates are very good for buyers and should stay that way until the economy improves. Remember that low rates and high prices equal to about the same payments as high rates and low prices. If you wait for the prices to go down, the interest rates may go up and you pay the same monthly payments. If you can make the payments, it is a good time to buy and sellers are making more concessions than before. It would be wise for anyone who owns real estate or who wants to buy or sell to be as educated in real estate and make wise decisions. Take the prelicensing school and take continuing education classes that are offered to real estate agents and be knowledgable and learn how to buy and sell real estate. Anyone can take the classes and you do not have to get a license to attend. There are wonderful teachers in real estate who can educate the public to be wise consumers. Go to the real estate commission website www.hawaii.gov/hirec and click on Real Estate Licensing and Education and you can see a list of schools and classes that are being taught. You do not have to be licensed to take the classes. The schools will gladly take your money and teach you even if you are not licensed. Many of our clients are waiting to purchase because they think the prices of homes will go lower in the future. Our listings that are priced right have offers within days and sometimes weeks. If the listing is overpriced, the listing will sit until the price comes down and there will be increased activity. The buyers are having a harder time qualifying for a loan but the interest rates are very attractive for those that can qualify for a loan. I personally believe that unless there is a major catastrophe on the mainland or the world that Hawaii prices will not see the big drop in prices that has occurred on the mainland. The interest rates are very good for buyers and should stay that way until the economy improves. Remember that low rates and high prices equal to about the same payments as high rates and low prices. If you wait for the prices to go down, the interest rates may go up and you pay the same monthly payments. If you can make the payments, it is a good time to buy and sellers are making more concessions than before.

It would be wise for anyone who owns real estate or who wants to buy or sell to be as educated in real estate and make wise decisions. Take the prelicensing school and take continuing education classes that are offered to real estate agents and be knowledgable and learn how to buy and sell real estate. Anyone can take the classes and you do not have to get a license to attend. There are wonderful teachers in real estate who can educate the public to be wise consumers. Go to the real estate commission website http://www.hawaii.gov/hirec and click on Real Estate Licensing and Education and you can see a list of schools and classes that are being taught. You do not have to be licensed to take the classes. The schools will gladly take your money and teach you even if you are not licensed.

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