Fort Weaver Road traffic in and out of Ewa Beach is moving along extremely well as of October 5, 2009. Motorists are no longer complaining about the road. Sometimes, as the construction crews continue with their work, they might have to close down one or two lanes but they are doing that during the middle of the day and not in the morning or evening when traffic is the heaviest. This is a small sacrifice to make to finally have a wider road.
The addition of the third lane is about 80 percent complete from Kolowaka Drive going Ewa Beach bound and from Geiger Road going towards Honolulu. They still have to complete the concrete sidewalks, curbs and landscaping but the most important thing (the third lane) is now open.
In my opinion, home buyers are getting smarter on the situation with the new and improved Fort Weaver Road because I have noticed correctly priced homes in Ewa Beach are going under contract almost as soon as they come on the market. Also there are multiple offers on almost every short sale listing in Ewa Beach. Before the widening of Fort Weaver Road, these statistics were not like this. I must attribute some of the Ewa Beach real estate sales growth partly due to the first time home buyers tax credit but more than that, Ewa Beach homes offer quality construction, larger homes, larger lots, central AC standard in almost every home built since 1997 and most importantly, some of the MOST AFFORDABLE HOMES ON THE ENTIRE ISLAND.
For more information on Ewa Beach real estate, contact your Ewa Beach real estate experts. We LIVE in Ewa Beach and we LOVE Ewa Beach!
David J. Kucic, RA
1SG, USA (Ret)
CRS, GRI, CDPE, ABR, e-PRO
Mobile: (808) 218-9338
Email: david@davidkucic.com
RE/MAX Honolulu, Kapolei, Hawaii Branch
Tonya Kucic, RA
CDPE, ABR
Mobile: (808) 221-3638
Email: tonya@davidkucic.com
RE/MAX Honolulu, Kapolei, Hawaii Branch
FREE VA HOME LOAN AND FIRST TIME BUYERS Q&A
We will be hosting a FREE Question and Answer discussion for anyone interested in using their VA Home Loan Eligibility to purchase Hawaii Real Estate. YOU MUST REGISTER TO ATTEND BY CALLING (808) 218-9338.
Location: Hoakalei Country Club in Ewa Beach, Hawaii
Dates: September 4, 9 and 18th, 2009
Time: 1800-1900
Given By: David Kucic, US Army Retired, RE/MAX Honolulu and Jay Oku, VA Loan Specialist with Evergreen Mortgage Company
Directions to Hoakalei Country Club: Head south on Fort Weaver Road. Turn right on Keoneula Blvd. Go all the way to the end of the road and check in with the security guard who will have your name (this is why you must register). Proceed to the end of the road and walk to the members lounge.
FREE refreshments will be served. Come enjoy the beautiful views of the new Ernie Els designed golf course, watch the sunset and learn about VA Home Loans and Purchasing Hawaii Real Estate.
David Kucic, RE/MAX Honolulu Jay Oku, Evergreen Mortgage Company
This was amazing.....a great email this morning from a short sale specialist at one of the largest lending institutions in the country, Bank of America. Maybe it is a form letter that was sent out to thousands of other real estate agents but it did requrire a person to read my email, enter a response and click "SEND". For those of you that have done short sales in the past, you know that this is a step in the right direction.
Here is the email...................
"Thank you for contacting me. I have been brought in to help with your short sale and to speed up the process. I will contact you as soon as I am available. I will be working each loan based on the age of the file and the foreclosure sale dates. Please be patient with me and the process. Your file has been assigned specifically to me in an effort to begin to move your file quickly.
I understand your buyers may be anxious if so, please advise them that the file has been placed in a special que in an effort to move the process along quicker.
I will be in contact with you as soon as I am able to, in the meantime please be as patient as you can with me.
Thank you for your understanding and your patience. My goal is to move your file to a successful closing as quickly as possible.
I know it has been a long journey for you but I have been brought on specifically to help you".
Name removed
Loan Services Specialist
Short Sale Closing
mailing address removed
email address removed
For more information on Short Sales in Hawaii and VA Short Sales in Hawaii, contact:
David Kucic, RE/MAX Honolulu (in the Kapolei office)
Phone: (808) 218-9338
Email: david@davidkucic.com
Are you still "sitting on the fence" and waiting to buy your piece of Hawaii Real Estate? Are you waiting for the prices to drop further?
I put these charts together to illustrate what could happen if you continue to wait on the prices to drop 10% but at the same time, interest rates increase 1%.
The first chart depicts purchasing a home now at an interest rate of 5% with 100% financing. With VA home loans in Hawaii for military, 100% financing is still possible.
The second chart shows what will happen if you wait on prices to drop 10% from the current price and the interest rate to go up to 6%.
Don't forget that the longer you wait to buy, you continue to pay rent which is money that is disappearing and will not find its way back into your wallet.
Purchase Price Monthly Payment (principal and interest only)
|
$300,000.00 @ 5% |
$1,610.00 |
|
$400,000.00 @ 5% |
$2,147.00 |
|
$500,000.00 @ 5% |
$2,684.00 |
|
$600,000.00 @ 5% |
$3,221.00 |
Purchase Price Monthly Payment (principal and interest only)
|
$270,000.00 @ 6% |
$1,619.00 |
|
$360,000.00 @ 6% |
$2,158.00 |
|
$450,000.00 @ 6% |
$2,699.00 |
|
$540,000.00 @ 6% |
$3,238.00 |
Fact #1: Interest rates for 30 year VA home loans in Hawaii are currently hovering around 5% to 5.5% as of the submission date of this post.
Fact #2: There is a large inventory of homes for sale right now.
Fact #3: Many Sellers are motivated to sell you their house and may be willing to negotiate.
Unknown #1: House prices. Are they going higher or lower?
Unknown #2: Interest rates. Are they going higher or lower?
Happy house hunting!
David Kucic, RE/MAX Honolulu located in the Kapolei, Hawaii branch.
Phone: (808) 218-9338
Search for Hawaii Homes For Sale: www.davidkucic.com
Email: david@davidkucic.com
VA Home Sales Expert in Hawaii
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