Hilo Brokers, Ltd. Newsletter
Aloha!

First, wanting to wish everyone Mele Kalikimaka me ka Hau'oli Makahiki Hou - Merry Christmas and a Happy New Year!

We have a wonderful assortment of articles, resources, tips and industry updates for you this month and we hope you enjoy. Some of these include:

  • Here in Hawaii - Snow
  • Should I Take My Home Off the Market During the Holidays?
  • Hawaiian Christmas and New Year's Phrases
  • How to Handle Low Ball Offers
  • Keeping Your Credit Clean
  • Market Conditions Report - Hilo

Don't forget to sign-up to receive regular updates throughout the month from Kelly's blog. If you're not very familiar with signing-up for blogs, we've made it super easy. Just click the email sign-up link in the right area, enter your email address, and you'll receive each blog entry (about 1-2 per week) in your email box. You can unsubscribe at any time. Of course, the traditional feeds are also available.

If you are having any difficulty reading the newsletter below, you may view the current newsletter here:
http://www.hilobrokersnews.com 

In addition to the featured articles, don't forget to dig a little deeper for additional articles located in the "Daily News & Advice" area, as well as the "More Articles" section.

Mahalo,
Kelly & the Hilo Brokers, Ltd. Team


 
Your Big Island REALTOR:
 

Kelly H. Moran
 

December 2007 - Hilo Brokers, Ltd.

Real

Quality Big Island Real Estate Service & Experience
for Over 20 Years!

 

Some Articles Copyright © 2007 Realty Times
All Rights Reserved.


Hilo Brokers, Ltd.
808-969-9400
400 Hualani St.
Bldg 21
Hilo, Hawaii, 96720


 

 

 


Here in Hawaii -
Snow

- By Kelly H. Moran


 

 

The Big Island's summits are once again wearing their white diadems. The first snow of . . . yes, winter is upon both the “white” and the “long” mountain.

 

Snow comes to Hawaii in a storm, with thunder and lightning; wind and rain. Local TV newscasts originate in Honolulu; they do run video clips of snow-capped Mauna Kea. But their big weather story is what the storm leaves there: a soggy mess of drains overwhelmed, puddles for intersections, and stuff washed out to sea.

 

Though snow on Mauna Loa is a rarer event than snow on Mauna Kea, it often goes under-appreciated. So big and broad is Mauna Loa that, on TV, it doesn’t look like a snow-capped peak; it looks like a snow-capped stadium roof. Better to see it in person; though the only way to make snowballs there is to make a high-altitude hike first.

 

You can get to the snow on Mauna Kea, however, sitting down. A car or truck with four-wheel drive can get you up to where there’s enough to play on. Some winters, there’s even enough to ski on. You still have high altitude to reckon with; and sunburn; but (for a change) it helps to have had experience driving through snow and ice.

 

If you don’t visit the snow, you will at least take delight in seeing what it does to the vistas of our tallest mountains. And you will probably grin every time you see a four-wheel-drive pickup come down from the Saddle, its bed heaped high with snow, to play with back home.

 

- Mauna Kea -


 

Mortgage Rates
U.S. averages as of November 29, 2007:

30 yr. fixed:   6.10%
15 yr. fixed:   5.73%
1 yr. adj:        5.43%


View current rates
 

Featured Listing

Cozy home located on 8 acres in a private and serene tropical rainforest.
Like new custom home is being sold completely furnished and ready to move in! Immaculate condition and quality throughout. Landscaped yard, fenced paddock, incredible stargazing.

Virtual Tour, Images & Current Price:
Click Here


 

Should I Take My Home Off the Market During the Holidays?

When you look at your calendar you may find the months already overloaded with seasonal obligations -- shopping, entertaining, children's pageants, charity work, decorating the house, and so much more. If you are also trying to sell your home, you are under extra pressure to keep your home in "showtime" condition. And that could be the last thing you need before the holiday spirit is broken. It is understandable why you would be tempted to take your home off the market during the holidays. And the list of justifications is long. If you are too busy, buyers may be also, and you may find your efforts unrewarded with not enough showings. And what if you do get an offer? You may be faced with the possibility of packing and moving during the busiest time of the year. Besides, you can give your house a rest, and it will have better momentum after the holidays. Better to ....

CONTINUED >>>

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Hawaiian Christmas and New Year's Phrases

Mele Kalikimaka
Merry Christmas

Hau'oli Makahiki Hou
(how-OH-lee mah-kah-hee-kee ho)
Happy New Year

To express appreciation for receiving a gift, special meal or song, you can express it by saying:

Mahalo Nui Loa
Thank you view much


 

 

Angel - Anela
Candy - Kanake
Christmas Eve - Ahiahi Kalikimaka
Christmas Tree - La’au Kalikimaka
Elf - Menehune
Garland - Lei
Gift - Makana
God - Akua
Holly - Kawa’u
Jesus Christ- Iesu Kristo
Joy - Hau’oli
Love - Aloha
Mistletoe - Kaumahana
Ornament - Wehi
Peace - Malu
Reindeer - Leinekia
Santa Claus - Kanakaloka
Star - Hoku
Wreath - Lei

 



Upcoming Island Calendar of Events

ANNUAL TRADITIONAL MOCHI (RICE CAKE) POUNDING FOR NEW YEAR
Date: Saturday, December 29
Place: Akiko's Buddhist Bed and Breakfast, Wailea (Hamakua Coast)
Plan a unique Christmas this year in Hawaii in our quiet little village of Wailea and join us for the Wailea Village 10th annual mochi-tsuki celebration in making traditional rice cakes the "old-fashioned" way. The oldtimers share their stories of plantation era times and everyone takes their turn at pounding the glutinous sticky rice for good luck. Fire building starts at 6am to steam the rice. Event goes from 8am to 2pm with hearty local style lunch for $5. Great Fun!!
Call: Miss Akiko (808) 963-6422 or email Ms. Akiko.

 

7TH ANNUAL NEW YEAR'S EVE CONTRA CELEBRATION
Date: December 31
Time: 6:00 pm. - midnight
Place: YWCA of Hawaii Island, 145 Ululani St, Hilo
Lots of music and dancing for all ages and levels of experience! Contra, International Folk, and Swing dancing. Irish, Scottish, Bluegrass, multi-ethnic music to keep you moving throughout the evening. Games, prizes and food from 6:00 pm to midnight! $10 per person/$25 family rate. Everyone welcome. Call: Cindy (808) 938-7310.

For additional Island events, see the Big Island Calendar of Eco-Cultural Events.
 

How to Handle Low Ball Offers

If your house has been on the market for quite a while, you may have already dropped your price and now you're waiting for the buyers to rush in and make wonderful offers on this now-priced right property. And then it happens. The lone buyer does appear, like a bandit in the night and offers you even less than what you just agreed to. Quite a bit less -- about 10 percent less. So on your $350,000 house, that you just dropped to $324,000, you now have an offer for $299,000. With a seller subsidy request of $5,000. At this point, your net is $294,000. So how do you handle such a low-ball offer. Well, first of all -- don't panic, get angry or lose sleep. Especially, don't reject the offer right off the bat and tell them to come back when they're serious. Remember, it's now a negotiation game and the buyer IS serious or he or she would not have made an offer. Several things have happened before this offer came in.

CONTINUED >>>

Keeping Your Credit Clean

Many homebuyers frequently wonder, "If I am shopping for a home loan will my credit be affected each time a credit report inquiry is made?" It's a logical and intelligent question to ask; the answer is: not significantly, if the credit checks are done in a short period of time. When a credit check is made by a potential lender it is called a hard inquiry. When a hard inquiry occurs it does have an impact on your credit score. However, when you're shopping for a mortgage or a car loan, credit bureaus typically cluster the hard inquiries together because the credit reporting bureaus understand that the consumer is shopping for the best loan. "So for example, if you're shopping for a new mortgage and three potential lenders pull your credit score within three weeks, that is looked at as one inquiry for that purpose," says Steven Katz a spokesperson for TransUnion's TrueCredit.com. Keeping your credit clean is critical. Katz offers the following advice to help ensure healthy credit ...

CONTINUED >>>

 


 

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Daily News and Advice

Read about the events shaping the Real Estate market today, find current interest rates, or browse the extensive library of advice and how-to articles written by some of the top experts in Real Estate. Updated each weekday.
 


 

More Articles


 
November Roundup: Rates Are Lowest in More Than Two Years

 
Investor Outlook
 

 
Reducing Utility Costs Doesn't Have to be High-Energy Tasks
 

 
Landlord Beware: Advice to Protect You and Your Investment
 


 

Market Conditions Report

* Hilo *

Area Characteristics:
Hilo is the second largest city in all of Hawaii. Most of the services and businesses on the east side of the Big Island are located in Hilo. It is also home to the county seat and includes the county, state, federal, and judicial buildings. While Hilo tends to be a rainy place, the weather patterns are not always predictable. Several weeks or months may go by without any substantial rainfall. Nearly all of the important educational and financial institutions are located in Hilo. Visitors and residents find Hilo to be a “local” town with warm and friendly people. While tourism is very important to the east Hawaii economy, it does not dominate, as in Kona.

Buyer’s or Seller’s Market:
On a scale of 1 to 5, with 1 being a buyers market and 5 being a seller's market, Hilo is at a 2. This is a buyers market.

Recent Price Trend:
On a scale of 1 to 5, with a 1 reflecting sales prices down and 5 reflecting prices up, Hilo is "Down", with a rating of 2.

Market Report Narrative:
Unlike other areas, such as the Puna District (south of Hilo), there has not been a tremendous drop off in the asking or selling prices of homes in Hilo. When comparing the data from 2005-2006 to 2006-2007 the drop has been less than 10% for those homes priced $500,000 or less.

This is an excellent time for first time home buyers to negotiate a deal.

Hilo is roughly divided into 5 areas according to tax key. The area along the ocean (3-2-1) has zero properties for sale at $500,000 and under. The remaining areas (3-2-2, 3-2-3, 3-2-4, 3-2-5) have 121 listings with an average listing price of $364-380,000. Please note that one of these areas, Kaumana City, does not have county water and features the most affordable homes, some of them with spectacular views of Hilo Bay at an elevation of 2000 ft.

If you want to be close to the heart of activities, live in a town that retains its charm, and enjoy the beauty of Hawaii, then Hilo would be your first choice.



 

Kelly H. Moran, CCIM, CIPS, REALTOR®
E-mail: Kelly@hilo-brokers.com
Web: http://www.hilo-brokers.com
Office: 808-969-9400 x11
Toll Free: 800-769-4456 x11
Mobile: 808-938-5757
Fax: 808-969-7900

 
Hilo Brokers, Ltd.
808-969-9400
400 Hualani St.
Bldg 21
Hilo, Hawaii, 96720
 


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