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We remain your trusted source for assisting you with your home sale, home purchase or management of your property as a rental. Call us for a no hassle free consultation. Besides our Real Estate Agents and Property Managers being licensed as such, they are also retired/former/current Service Members or the spouse of one of those.

The summer of 2023 is right around the corner and its PCS season for many military families.

If you are in need of a rental property on Oahu or interested in purchasing a home on Oahu, please consider coming to a source you can trust at Hawaii Military Realty, Inc. Rated A+ by the Better Business Bureau. Email or text (808) 218-9338 and you will be set up with one of our licensed real estate brokers, agents and/or property managers.

Your Hawaii Military Relocation Experts

Hawaii Military Realty, Inc., 1SG (Retired) David Kucic
Our company wrote the book on being a “Military Expert” and “Military Relocation Professional” not by taking a one day class but by living the Military life as an active duty Servicemember or spouse. I would like to introduce the team.

David Kucic is the president, founder and owner of Hawaii Military Realty along with his wife Tonya Kucic. David served for 22 years in the United States Army and retired in 2006 as a First Sergeant with 2nd Battalion, 11th Field Artillery Regiment, 25th Infantry Division at Schofield Barracks Hawaii. Tonya Kucic was a dependent of her career Army Soldier father for 20 years and then as a spouse for another 19 years. Tonya is vice president and co-founder of Hawaii Military Realty, Inc., 1SG (Retired) David Kucic.

Jeff Loyd spent 23 years in the United States Army as an aviation electrician and retired as a Sergeant First Class. Jeff is currently the “Broker-in’Charge” of Hawaii Military Realty, Inc., 1SG (Retired) David Kucic. Jeff specializes in representing Buyers, Sellers and as a Property Manager for rental homes.

Captain Cameron Kucic is currently serving as the Assistant S-3 Operations Officer for the 1st Battalion, 487th Field Artillery of the Hawaii National Guard. Cameron recently completed a very successful command of C Battery, 1/487 FA. He is also a “Broker-in-Charge” at Hawaii Military Realty, Inc., 1SG (Retired) David Kucic and specializes in representing Buyers, Sellers and a Property Manager for rental homes. Cameron is fluent in Japanese.

Jim Pickens served for 29 years in the United States Marine Corps in the Ordinance field and retired as a Master Sergeant. He specializes in representing Buyers, Sellers and and as a Property Manager for rental homes.

Ashley Payne is the wife of her Army Doctor husband who just recently completed 8 years of Active Duty service. Ashley specializes in representing Buyers, Sellers and and as a Property Manager for rental homes.

Tami Sego is the wife of a career Army Soldier who served for 29 years as an enlisted Soldier where he made it to the rank of Sergeant First Class before going to OCS and eventuallly retired as a Lieutenant Colonel. Tami specializes in representing Buyers and Sellers. They have 3 children. Two of them served in the United States Army and their daughter is now currently serving in the United States Army.

Brandie Martin is a career Navy NCO who is also married to another career Navy NCO. Brandie retired as a Master Chief. Brandie specializes in representing Buyers and Sellers.

Mo Prince is the wife of a career Coast Guard officer who served for 30 years and retired at the rank of Captain (O-6). Mo specializes in representing Buyers and Sellers.

Ewa Beach Hawaii Is Now A Buyers Market 01.25.2023

Forget about home prices during the pandemic when there were all cash bids, site unseen purchases, over asking price, waiving of contingencies. That is a thing of the past. Imagine that it never even happened because I am seeing home prices returning to the prices that they were at BEFORE the pandemic. There are many homes for sale in Ewa Beach right now. If you are Buyer it is a good time to make an offer and try for some Buyer perks such as credit for closing costs and credit for interest rate buy-down.

Homeowners Assistance Program (HAP) July 25, 2022

The Army Corps of Engineers had the Homeowners Assitance Program during the recession of 2007 to 2011 that assisted Service Members who were upside down on their mortgages. There were certain criteria that had to be met such as that you must have purchased the property between certain dates as your primary residence and that you must have received that sent you away from the home you purchased. If you met the criteria then the HAP program in Hawaii contributed the difference between what you sold the house for and what your mortgage balance was. The Service Member who sold the house did not make any profit but the HAP program saved the Service Member from doing a short sale or from going into foreclosure.

David Kucic and Hawaii Military Realty, Inc. assisted several Service Members with HAP sales during the recession.

As I look at the current housing market in Ewa Beach, Hawaii, I see a grim picture for Service Members who purchased homes duriing the pandemic and will soon be on orders to leave Hawaii. Many homes are stagnant on the market because of the large amount of homes for sale and the hesitation of Buyers to purchase a home due to the uncertainty of the future, home prices, inflation and interest rates to name a few.

If you are a Service Member in a difficult situation, please dont hesitate to contact Hawaii Military Realty, Inc for honest and truthful information. You will deal with our team of career, retired Service Members, spouses and active Service Members who are all professionally trained and licensed to take care of our fellow Members.

I Predict Short Sales Are Coming Soon July 20, 2022

Unfortunately, I am predicting that there will be short sales on the market within the next 1 to 2 years. I worked approximately 100 short sales for Buyers and Sellers during the recession for both military families and civilians using both VA loans in Hawaii and conventional loans in Hawaii.

What is a short sale? It is when the balance of your mortgage is greater than what you can sell your house for.

Over the past 2 years we have seen a dramatic increase in home prices including Ewa Beach and Kapolei. All of the neighborhoods of Ka Makana at Hoakalei, Kuapapa at Hoakalei, Kipuka at Hoakalei, Lei Pauku at Hoakalei and all of the Ewa by Gentry saw these great price increases.

My concern is mostly for military families in Hawaii who purchased their homes within the past 2 years and will need to leave Hawaii on PCS orders within the next 1 to 2 years. If these military families cannot sell their homes because either the market is flooded with listings or the prices have decreased to an amount below their mortgage balance, they may be forced into a short sale.

They still have the option of renting the house but lets look at some numbers which is what made me write this post in the first place. Lets say a military member purchased a home for $1,000,000 in 2021 using a 100% financed VA loan at 4% interest rate. The mortgage payment including principal, interest, taxes, insurance and HOA fee is approximately $5,000 to $5,200 per month. The average median price for a single family home in 2021 was around $1,000,000 so we can then assume that the home that the military member purchased was a 3 to 4 bedroom single family home with 1,700 SF of livng space, a 2 car garage and a lot size of around 5,000 SF. Hawaii Military Realty, Inc. manages rental properties in Ewa Beach and Kapolei so we know that a home such as this one will rent for somewhere between $3,600 and $4,000 per month depending on whether the house has solar electric panels, nicely upgraded, pet friendly or not and the rent covers items such as cable TV, internet, swimming pool and fitness center. The normal property management fee is 10% of the collected rent so if we aim for the high end and say the house can rent for $4,000 per month then the amount the owner will collect each month would be $3,600 or $1,400 less than what their mortgage payment is. This doesnt even include items such as the Owner having to pay Hawaii General Excise Tax (GET) of 4.712% or any repairs done to the property during the Tenants occupancy. Many military families cannot afford to come up with that deficit of $1,400 per month and this is why I believe short sales will be prevelant in the next 1 to 2 years.

For any military family that is in this predicament, feel free to reach out to Hawaii Military Realty, Inc. as we consider ourselves to be short sale experts and will help you to navigate through the process. With your help and dedication to getting the short sale completed, we can get your home sold and allow you to move on with your life.

I certainly hope that my prediction is not correct and that we may not see short sales but all signs are pointing toward them.

May 2022: Hoakalei Country Club golf course home. David Kucic is proud to announce his new listing priced at $2,200,000.00. Model #6010. Coming soon! The home is solar equipped with 28 OWNED PV panels on the original NEM program with HECO and 2 solar hot water panels. Located on the 13th tee box of the renowned Hoakalei Country Club golf course home of the LPGA Lotte Championship. This home is move-in ready and is in great condition. The views are of the 13th tee box and fairway and 10th green and fairway. Featuring 4 bedrooms plus a den/office on the first floor, 3.5 bathrooms, two car garage with driveway parking. There is one bedroom and full bathroom on the 1st floor. The remaining 3 bedrooms are on the 2nd floor. This is the 60.10 model which does not come on the market very often. Amenities of the neighborhood are a swimming pool, hot tub and BBQ grills. The association fee includes Spectrum provided high speed internet, cable TV, and phone and membership to the Wai Kai Hale Beach Club, a private beach on the Hoakalei Lagoon.


LPGA Lotte Golf Tournament 2022 to be Played at Hoakalei Country Club in Ewa Beach, Hawaii

The Lotte will be played at Hoakalei Country Club in 2022. This will be the first LPGA/PGA Tour Event that is being played at Hoakalei Country Club. The course was opened in late 2008 in the Hoakalei Resort Community located in Ewa Beach, Hawaii. The resort neighborhoods are: Ka Makana, Kuapapa, Kipuka and Lei Pauku. Homes in this community range from townhomes selling in the mid $700,000 up to large golf course frontage single family homes priced around $2,000,000. This area is one of the most desirable areas of the island for buyers to purchase thier Hawaii home.

2022: Oahu, Hawaii Home Prices Went Up and BAH Went Down

How does that make any sense? Rent and purchase prices have continually gone up on Oahu yet BAH rates have gone down. Something doesn’t add up.

Oct 2021: Did the Ewa Beach housing market just put the brakes on overbidding and multiple offers? It seems to be true. In the past year (Oct 2020 to Sep 2021) there were multiple offers, overbidding, appraisal clauses, escalation clauses and low inventory. That seems to have changed in many Ewa Beach, Hawaii neighborhoods. Consult with your Realtor for more information before you make a mistake by overbidding or adding an unnecessary clause in your contract.