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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.

$765,000 Just Listed Ka Makana at Hoakalei Resort in Ewa Beach, Hawaii Feb 1, 2021

Great house. Great neighborhood. Owned PV panels. Two car garage. Three bedrooms, 2.5 Bathrooms. 1,500 SF interior. Come to our Public Open house on Feb 3rd from 10am to 12 noon or on Feb 6th from 2 to 5 pm.

www.BaylyBuck.com
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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.

Covid 19 Short Sales in Hawaii Including VA Loans

Due to Covid 19, the real estate market in Hawaii might be seeing short sales appear more frequently due to the value of the home being less than what the payoff for the mortgage is. If you believe you might be in a short sale situation, please contact us for some counseling. Our team have personally done 100 short sales representing both Sellers and Buyers during the recession years. Unlike many other companies that offer short sale assistance, we handle everything personally ourselves. We don’t pass you off to a team of assembly line workers. For more information on Short Sales in Hawaii and VA Loan Short Sales in Hawaii, give us a call or send us an email for more information.

Ewa Beach, Hawaii Homes For Sale Continue Popularity With Military Families

Dec 17, 2017 Hawaii Military Realty Lists For Sale Townhouse at Ka Makana at Hoakalei

Just listed for sale Dec 17, 2017 in Ewa Beach, Hawaii located in Ka Makana at Hoakalei.  Our client wants us to sell this wonderful 3 bedroom, 2 bathroom townhouse with owned PV system with original HECO Net Energy Metering, Single Level End Unit, excellent condition, no carpet, private backyard with 2 car attached garage, plantation shutters, fresh coat of neutral interior paint, closet system, Murphy bed perfect for home office. Maintenance and HOA fees cover water, sewer, trash, high speed internet, basic expanded cable tv, home telephone, use of pool, tennis courts and fitness center. The single level end units are the most rarely available in Ka Makana and only a few were built on the ends
of the townhouse clusters.  $600,000.00

Hoakalei Country Club Ewa Beach, Hawaii Construction Progress on New Clubhouse 12.11.17

Members of Hoakalei Country Club in Ewa Beach, Hawaii have been waiting over 9 years for the clubhouse to be built.  Finally there is light at the end of the tunnel.  The new Owners of Hoakalei CC, Hirakawa Shoji from Japan and operating as Sankara Hawaii are making amazing improvements to the golf course and this very nice new clubhouse.  For more information feel free to contact Hawaii Military Realty, Inc., Founding Members, Hoakalei Country Club.

Golf Course Frontage Homes Currently Available For Purchase in Ewa Beach 12.10.17

The following homes are currently available on the home sale market.  All of these homes are located on Hoakalei Country Club Golf Course in Ewa Beach, Hawaii.  Hoakalei CC is a private club and is the TOP golf course on the island of Oahu.  For more information on these homes or any other homes for sale in Hawaii, contact Hawaii Military Realty, Inc. at (808) 218-9338.  We are your Buyer, Seller, Landlord and Tenant experts in Hawaii.  Our real estate agents with Hawaii Military Realty, Inc. own homes in the neighborhoods listed below so we are your best source of information.  These homes are all approved to be purchased with a VA Home Loan in Hawaii.

  1.  Located on the 9th hole, this 60.40 model has 5 bedrooms, 4.5 bathrooms, a two car garage plus a one car garage, 3,539 interior square feet, a full owned photovoltaic electric system.  The house is located far enough down the 9th fairway to be out of the range of being hit by golf balls.  Price is $1,300,000.00.
  2. This 60.30 model home is one of the only homes currently available with a large yard that can fit a swimming pool.  This home is located on the 11th fairway and is definitely out of range of being hit by 99% of golfers.  If a golfer hits this house with a golf ball, it was most likely the worst golfer on the planet.  Featuring a 3 car garage, 5 bedrooms, 3.5 bathrooms, a 6,810 SF lot, 3,709 interior SF, Tigerwood flooring and many more upgrades.  Price is $1,299,000.00.
  3. Located just behind the 14th tee box, this 60.50 model home is the only single level home currently available for sale on Hoakalei Country Club Golf Course.  It has 3 bedrooms, 2.5 bathrooms and 2,175 SF interior.   It also has a 2 car garage and driveway parking for 2 more cars.  Very nicely upgraded and in excellent condition.  Price is $1,279,000.00.
  4. With a very nice view, this 65.10 model home features 4 bedrooms, 3 bathrooms, 2,536 SF interior, a 2 car garage and driveway parking for 2 more cars.   This home is also one of the few that has a yard large enough for a swimming pool and is located away from the golf ball kill zone overlooking the 9th fairway and 9th green.  Price is $1,250,000.00.
  5. Located in the gated community of Kipuka at Hoakalei, this home overlooks the 17th fairway.  It features 4 bedrooms, 3 bathrooms, 2,197 Sf interior, 2 car garage, driveway parking and is priced at $960,000.00.
  6. Also located in the gated community of Kipuka at Hoakalei, this corner lot home has a beautiful view of the 14th green, lake and 10th fairway.  It features 4 bedrooms, 2.5 bathrooms, 2,072 SF interior and a 2 car garage.  Price is $940,000.00.

New Townhomes in Ewa Beach, Hawaii For Sale Sep 2016

The brand new town homes in Ewa Beach, Hawaii that I made videos of and posted a few days ago (Lei Pauka, Hoakalei Resort Community in Ewa Beach, Hawaii) have all but sold out. (You can see the videos on my Hawaii Military Realty Facebook page).  There were 10 town homes released for purchase and 8 have been sold already in just over 1 week. When a Hawaii Real Estate Buyer can get into a community like that in the first few phases, they are in the best position to maximize their equity because the next phases will have price increases. For more information on Hawaii Real Estate as an Owner Occupant or Investor, contact Hawaii Military Realty.   These town homes are approved for VA Loan Buyers.