Tag Archives: homes

Feb 14, 2021 Hawaii Veteran Buyers Using VA Loan: Buyer Beware

This market on Oahu is crazy as we are all aware.  It’s really a great time to be a Seller for many reasons during these times.


My concern is with our Buyers, specifically our VA Buyers who are doing 100% financing as most VA Buyers do and then needing to leave on PCS orders in 3 years.

We have no idea how long this Sellers market will last and when it will swing back in favor of Buyers.  Once the market shifts back to a Buyers market, there is more competition amongst Sellers to attract Buyers and one of the ways they do that is by offering things such as lower price and paying for some or all of the Buyers closing costs.


If our VA Buyers are unable to sell their homes because they would have to come out of pocket with cash in order to sell, then their next logical choice is to turn it into a rental property.  That is great as long as the Owner is able to “eat” the shortage each month.

For example, let’s say Sergeant Smith buys a condo in Ewa Beach for $425,000 with 100% financing.  The maintenance and HOA fee is approximately $550 per month.  The mortgage payment would be about $1,625 per month.  That’s $2,175 total.  Those units rent for about $2,000 per month.   The property manager gets $200.  The GET that the owner pays is $120 per month.  This means that Sergeant Smith would be upside down by $495 per month and that doesn’t include any repairs that might need to be made.  


Please think about your future when purchasing a home rather than just jumping in without the knowledge of what could potentially happen in the future.

January 2021: Rentals in Hot Demand in Ewa Beach, Hawaii

Its a trickle down effect. Buyers cant buy homes because there is too much competition and the Buyers cant wait forever so they are now turning to renting homes in Ewa Beach, Hawaii or moving into government housing. Its really a shame that these Buyers are not able to be competitive enough to buy homes but its all about “who has the most liquid cash to pay above the asking price for a house?” Typically, that is not my brother and sister Veterans that have this type of liquid cash so they are being priced out of the market. This makes renting a home even a difficult task for some Military Families since they are unable to purchase homes and now there is even competition for rental homes. Some of the most desirable areas in Ewa Beach, Hawaii such as the Hoakalei Resort properties of Ka Makana, Kuapapa and Lei Pauku, Ocean Pointe, Ewa By Gentry homes in all neighborhoods including Sonoma, Prescott, Haleakea, Cypress Point, Woodbridge, Carriages, Parkside, Tuscany, Montecito, Las Brisas, Tiburon, Cortebella, Terraza, Tides, Trades, SeaBridge, Coral Ridge, Latitude and Sandalwood to name a few.

Bidding Wars on Ewa Beach, Hawaii Homes Continues Into 2021

The inventory of homes for sale in Ewa Beach, Hawaii is minimal. There are a ton of Buyers looking for homes. Interest rates are low. Combine those 3 things and you have “bidding wars” on homes. In the past 2 weeks, we have had Buyers make offers ABOVE the list price by many, many thousands of dollars only to get beat out by someone that was willing to go higher. Two of the properties had a total of 28 offers and another one had 22 offers. Thats very hard to compete with if Buyers are not willing and/or not able to pay a higher price and have disposable cash to make up the difference between the appraised value and the inflated price they have to pay just to get the house.

Oahu Home Price History 2011 to 2015 (Published Oct 20, 2016)

These figures below show the Oahu home price history from 2011 to 2015.  The figures represent the average sales price for each year.

2011 $707,402
2012 $754,142
2013 $804,933
2014 $856,826
2015 $875,373

Hawaii Military Realty Rental Property Availability as of Nov 6, 2013

Hawaii Military Realty, Inc., the leader in Ewa Beach, Hawaii home sales and rental properties in Ewa Beach has several rental properties that will be available soon.

  • 4 bedroom, 2.5 bathroom home in the resort community of Ka Makana at Hoakalei in Ewa Beach, Hawaii.  Available Jan 1, 2o14.
  • 3 bedroom, 2.5 bathroom townhouse in the resort community of Ka Makana at Hoakalei in Ewa Beach, Hawaii.  Available Jan 3, 2014.
  • 2 bedroom, 2 bathroom fully furnished luxury condo in the resort community of Koolina.  Available Dec 1, 2013.

For more information on any of these rental properties in Ewa Beach, click on the link on the right side of this page that says “Rental Properties” and you will find additional information and photos.

David J. Kucic, First Sergeant, USA (Retired)
President and Owner, Hawaii Military Realty, Inc.
email to david@davidkucic.com or call (808) 218-9338

New Homes For Sale in Ewa Beach, Hawaii Kipuka at Hoakalei Residence Three

Kipuka at Hoakalei is the newest residential neighborhood in the resort area of Hoakalei located in Ewa Beach, Hawaii.  This Residence Three home has approximately 1,714 interior square feet.  The Residence Three has 4 bedrooms and 2.5 bathrooms with prices staring around $638,900.  This Residence Three home is part of the Garden Series which are the interior units within the Kipuka gated community.  The other residential properties are of the Golf Series and those are golf course frontage lots along the 15th, 16th and 17th fairways of Hoakalei Golf Course and Hoakalei Country Club.  For more information on Ewa Beach homes for sale or any other houses for sale in Hoakalei Resort, Ka Makana at Hoakalei, Ewa Beach, Oahu, Hawaii VA Home Loan information, contact your Ewa Beach, Hawaii real estate experts at Hawaii Military Realty, Inc. (808) 218-9338.  Hawaii Military Realty, Inc. is Veteran owned, Veteran operated, Veteran managed and services Active Duty Military, Retirees, Veterans, National Guard, Reservists, Department of Defense Employees, Government Contractors and any civilian that demands knowledgeable, honest, caring and loyal real estate services in Hawaii.

Rentals and Property Management in Ewa Beach, Hawaii

Are you looking for a house for rent in Ewa Beach, Hawaii or do you need a property manager for your home in Ewa Beach HawaiiHawaii Military Realty, INC. has two full time, full service property managers that live and work in Ewa Beach, HawaiiHawaii Military Realty, INC currently manages 50 rental properties in Ewa Beach, Hawaii and as of todays date, all 50 of these properties have been rented.  The overwhelming majority of the homes we manage are located in Ka Makana at Hoakalei Resort Community in Ewa Beach, Ewa by Gentry and Ocean Pointe.  All of these neighborhoods are located in Ewa Beach.

We only manage rental properties in Ewa Beach, Hawaii.  Sorry but no exceptions.

Hawaii Military Realty Property Management does not accept properties in any condition except Above Average Condition or Excellent Condition.  We have a strong reputation to uphold with only keeping new and newer homes in our inventory of available rentals.  That is one of the main reasons why all 50 of our properties are currently rented.

With our military connections from the units we retired from (25th Combat Aviation Brigade at Wheeler Army Airfield and 2nd Brigade Combat Team of 25th Infantry Division at Schofield Barracks) we constantly have a new influx of Service Members looking for homes for rent in Hawaii.  Our property management department gives them a place where they can go to and be sure they are going to get a nice, clean functional home to rent in Hawaii.

Hawaii Military Realty, INC. services all members of the Armed Forces from all branches including:  Army, Navy, Air Force, Marines, Coast Guard as well as National Guard, Reservists, Retirees, Veterans and Department of Defense Employees.  We are also happy to work with any civilians not affiliated with the Military.

The two property managers are:

Jeff Loyd, United States Army, Sergeant First Class, Retired.  Jeff can be reached directly at (808) 542-6095 or email to jeff.loyd.himre@gmail.com

David Kucic, United States Army, First Sergeant, Retired.  David can be reached directly at (808) 218-9338 or email to david@davidkucic.com.

 

Kipuka at Hoakalei New Homes For Sale in Ewa Beach, Hawaii Residence Five

The brand new construction homes in the resort community of Kipuka at Hoakalei  are located in Ewa Beach, Hawaii.  The Residence Five home has just under 2,200 square feet of interior living space.  The Residence Five has 4 bedrooms and 3 full bathrooms with prices are starting approximately $829,900.  The Residence Five home is part of the Golf Series which are the golf course frontage homes along the fifteenth, sixteenth and 17th holes of Hoakalei Golf Course and Country Club within the gated community of Kipuka at Hoakalei.  The other houses are part of the Garden Series and those are interior lots at Hoakalei Golf Course and Hoakalei Country Club.  For more information on these homes for sale or any other homes for sale in Hoakalei Resort, Ka Makana at Hoakalei, Ewa Beach, Oahu, Hawaii VA Loan information, contact the Ewa Beach, Hawaii real estate experts at Hawaii Military Realty, Inc. (808) 218-9338.  Hawaii Military Realty, Inc. is the only dedicated real estate company on Oahu that is dedicated to serving the needs of the Hawaii Military Community.  The company is Veteran owned, Veteran operated, Veteran managed and services Active Duty Military, Retirees, Veterans, National Guard, Reservists, Department of Defense Employees, Government Contractors and any civilian that demands knowledgeable, honest, caring and loyal real estate services in Hawaii.

New Homes in Ewa Beach, Hawaii Located in Kipuka at Hoakalei Resort “Residence Two”

The new “Residence Two” home in Ewa Beach, Hawaii is located in Kipuka at Hoakalei in the resort community of Hoakalei.  This Residence Two house is approximately 1,690 square feet which does NOT include the garage.  The Residence Two has 4 bedrooms and 3 bathrooms and the prices start around $625,000.  The Residence Two home is part of the Garden Series which are located in the interior units within the Kipuka private and gated community.  The other homes in the community are part of the Golf Series along the 15th, 16th and 17th fairways of Hoakalei Golf Course and Hoakalei Country Club.  For more details on these houses for sale or any other houses for sale in Hoakalei Resort, Ka Makana at Hoakalei, Ewa Beach, Oahu, Hawaii VA Home Loan information, contact your Ewa Beach, Hawaii real estate specialists at Hawaii Military Realty, Inc. (808) 218-9338.  Hawaii Military Realty, Inc. is Veteran owned, Veteran operated, Veteran managed and services Active Duty Military, Retirees, Veterans, National Guard, Reservists, Department of Defense Employees, Government Contractors and any civilian that demands knowledgeable, honest, caring and loyal real estate services in Hawaii.

 

New Home Community in Ewa Beach, Hawaii (Kipuka at Hoakalei)

The new home community of Kipuka at Hoakalei is scheduled to open next month in Ewa Beach, Hawaii.  The current community of Ka Makana at Hoakalei is almost all sold out except for a few more golf course frontage lots.

Kipuka at Hoakalei will be a gated community that will have both Golf Course Frontage Homes on the Ernie Els designed Hoakalei Country Club and Garden Homes are said to look onto a park-like setting.

Although there are no floor plans or prices that have been announced yet, I expect that the homes will range in size from around 1,400 sf interior up to 1,700 or 1,800 sf.  The homes don’t look anywhere as large as the previous homes in Ka Makana at Hoakalei.  I would expect prices to be in the 550k range for the garden homes up to around 800k for the golf course frontage homes.  With a gated community, private pool and private areas in Kipuka at Hoakalei, you can probably expect a monthly maintenance fee of somewhere in the $500 per month or higher range.

The golf course frontage homes have garages that are located underneath the homes while the garden homes have the traditional Haseko designed garages behind the homes and either detached or attached to the back of the home.

For more information on homes for sale in Hawaii, homes for rent in Hoakalei, Ka Makana, Ewa Beach and any other questions about Hawaii Real Estate, contact your Ewa Beach and Hoakalei experts at Hawaii Military Realty, Inc.