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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
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Your
Big Island REALTOR:
Kelly H. Moran
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Quality Big Island Real
Estate Service & Experience
for Over 20 Years!
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Some Articles Copyright © 2007 Realty
Times
All Rights Reserved.


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

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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
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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
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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.
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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.

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More
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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. |
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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 |

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