TOP 10 Priorities to Consider When Selling Your Hawaii Home

The Hawaii Home Seller will need to be aware that there are TOP PRIORITIES for selling your home and  getting the best representation for that job!  It’s not just about marketing your home, selling your home at market value or expecting that everyone else has the same sentiments that you do with your home.

A Home Seller HAS to have an open mind with an abundance of concerns that need to be considered and addressed in the process of Selling Your Hawaii Home. Another thing to consider is that there is just only so much buildable land on Oahu.  The home located on a nice piece of land (say 5,000-10,000 sq/ft) in say Mililani, is worth more than the home itself!

  1. The interior/ land square footage is important. You may have an excellent condition home but 700 sq/ft interior vs. 2,500 interior sq/ft interior is a HUGE difference in under the roof size and will HAVE to be priced right. Same with the land sq/ft. Listen to your Realtor® when they are presenting comparable properties on the market.
  2. The Year Built is important. The year your home was built is a huge difference if it were built in 1920 vs. 2015! Some older homes in Hawaii are single wall construction, have aluminum wiring and the plumbing (if not done previously) will need serious updating. Single wall construction may be harder to get homeowners insurance.
  3. Selling Your Hawaii Home in “As Is” Condition Will Raise Eyebrows. If you have a home that has structural, electrical, plumbing or hazardous issues; not to mention termites.  You’d be better off getting an independent home inspection and making the necessary repairs.
  4. Market Value of Your Home Does Matter! I keep hearing many who insist that appraisers do not use short sales  and foreclosures for comps in their appraisals. Gee, wonder how prices went down in certain neighborhoods compared to others? Then why do appraisers give a summary of “this neighborhood is in a declining market” in their report?
  5. Neighborhoods Do Matter! There are some Oahu neighborhoods that were in severely declining markets with MANY short sales and foreclosures.  Your Realtor® should know your neighborhood and give you sound advice on the housing market in your neighborhood.
  6. Loan programs available do matter!  Most loans may not approve a loan if your home has unpermitted bedrooms, baths or additions. VA loans will not approve a loan for a home that is in disrepair as well.  Just because your home is in a high priced neighborhood does not automatically mean that you can sell it and a loan will be approved if you have serious conditions going on.
  7. Lower inventory may not matter if: You have your home so overpriced that it will not appraise. Our inventory is seriously low in Mililani,  but it does not mean you can overprice by 100k and people will grab it!  You need to be realistic and listen to your Realtor®.
  8. Marketing Your Home Does Matter!  Approximately 90% of all home buying/selling consumers are online looking at the values of Hawaii Homes. Your Realtor® should have an extensive marketing plan geared online for selling your Hawaii Home and also do Open Houses (which by the way do work here) to expose your home to many advertising possibilities.
  9. Allowing for Showings of Your Home DO Matter! If you demand to be there for all showings or only allow showings during certain times you will definitely cut the amount of exposure for your home. Make sure your agent uses electronic lockboxes that register all agents who are showing their clients.
  10. It Does Matters Which Realtor® Represents You!  You may want to interview a few Realtors® to make sure that you will be represented well.  Experience, knowledge, personality, detailed, organized, prompt, keeps you informed, marketing techniques, laws/contracts are just a few of the traits to look for.

You may be relocating, upgrading to a larger home or downgrading because of personal reasons. Whatever your reasons are for Selling Your Hawaii Home these points above are REALLY something to consider. You do want to be a happy and successful Hawaii Home Seller, right?

Mililani Condos Homes | Mililani Real Estate Market Report June 2009 | Hawaii VA Loan

Mililani Real Estate and Housing Market Report for June 2009

Let’s start with the Mililani Condo Statistics for June 2009: In May of 2009 (last month) there were 64 Active condos/townhouses on the market, 29 in contract and 20 sold. Looks like our Mililani Condo/Townhouse market is picking up with more units with accepted contracts and going through the transaction process. Sales Prices ranged from $160,000 (1 bedroom condo) to $495,00 (2 bdrm luxury townhouse).

Mililani Single Family Home Market Report for June 2009: Let’s compare to May of 2009 (last month). We had 36 Active Listings for May 2009 with 11 in contract and 24 sold. It appears that our Mililani Single Family Home activity is picking up with more in contract for June 2009 although less closed transactions. Sales Prices Ranged from $500,000 (2 bedrooms) to $830,000 (4 bedrooms).

We can attibute the slower closing process to appraisals taking longer than usual to process…especially with Hawaii VA Loan Appraisals. As it stands, Mililani is centrally located on the island of Oahu (which is Honolulu County) and central to all Hawaii Military Bases.

The volume of Hawaii VA Home Loan Home Buying is on the rise (as is refinancing VA Loans) and therefore slowing the Hawaii VA Real Estate Transaction Process.

Another factor is that our Governor imposed a three Fridays a month furlough (with no pay) to balance the budget so of course that puts our Bureau of Conveyances behind on the recording process. Instead of the one day after funding to record it will now take two or more days.

Mililani Real Estate | Mililani Condo Market Report YTD

Mililani Condo Statistics for YTD 2009: There are 93 Active condos/townhouses on the market, 45 in contract and 130 sold for the period January to June of 2009. Looks like our Mililani Condo/Townhouse market is picking up with more units condos and accepted contracts. Sales Prices ranged from $160,000 (1 bedroom condo) to $495,00 (2 bdrm luxury townhouse).

Mililani Housing Market Numbers UP!

In 1971 my family moved to Mililani and it was in the beginning stages of a 40 year Master Planned Community development of single family homes, condos and townhouses with the first homes built in 1968.
My children went through their school years in Mililani (they’re adults now) and my mom still lives in the same house bought in 1971.
I remember when….
Miililani is centrally located to all military bases on the island and 5-10 minutes from Schofield Barracks and Wheeler Army Airfield, 20-25 minutes to Hickam AFB, Pearl Harbor Navy Base and over the H-3 to Kaneohe Marine Corp Air Station in a matter of 35-40 minutes. We have three shopping centers and seven recreation centers (five have pools) with many community activities for all ages.
Mililani is the ONLY community in Hawaii to receive the distinction of “ALL AMERICAN CITY” in 1986 and you can get more information, association docs, homeowner packets and more from our association site by clicking on the following link: MILILANI TOWN ASSOCIATION INFORMATION
Over the past few months we have had a fluctuation of sales numbers and a small decrease in sales prices but bottom line our sales numbers significantly increased in the past month.
The following market statistics show a clearer picture for the last six months:
Single Family Homes

Mililani Town up to $849k:
35 # Active, 20# In Escrow. 68# Sold, 98DOM, $544k Average Sales Price
Mililani Mauka up to $1.3 Million
2 9#Active, 24# In Escrow, 44 # Sold, 71DOM, $644,976 Average Sales Price


Mililani Town up to 450k

74# Active, 24 # In Escrow, 62 # Sold, 73 DOM, $279,000 Average Sales Price
Mililani Mauka (up to 451k)
23# Active, 26 # In Escrow, 37# Sold, 63 DOM, $326,202 Average Sales Price
*NOTE: DOM (Days on Market) means how long the property was listed on the MLS until the properties went into escrow with an accepted contract.
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