Hawaii Real Estate News - ChaneyBrooks Choice Advisors

Hawaii Real Estate News

The Seven Second Rule

We've all heard of the five second rule. We use this rule to teach our kids that a slow reaction to pick-up a dropped morsel, is a lost opportunity. Well, the second second rule can be just as important, especially …

It's Three Degrees in Hawaii

In a conversation with a new client we discovered not only that we shared the same acquaintances but also mutual friends, and even more, discovered we were related by marriage. Things can't get any smaller when living in Hawaii. "Forget …

FHA Loan Costs Increasing April 1st

FHA stands for Federal Housing Administration.  They provide a government insured loan program which allows a borrower to finance up to 96.5% of their home purchase.  This is beneficial for first time home buyers who do not have a lot of …

Pre-Qualification vs Pre-Approval

  Q: We entered into a contract with someone who wanted to buy our home.  The agent representing the buyer presented us with a “pre-qualification” letter from a lender.  Today we discovered the buyer was rejected for financing.  How can …

How do I discover liens on …

If you are purchasing a home you want to find out if there are any liens on aproperty.  This is accomplished by ordering a preliminary title report.  This report can be ordered through escrow's title department and will provide you a list of …

Mortgage Credit Certificate: Can I Qualify?

The Mortgage Credit Certificate (MCC) reduces the amount of federal income tax you pay, thus giving you more available income to qualify for a mortgage loan and assist you with house payments. The Mortgage Credit Certificate Program was authorized by …

Conveyance Tax: What is this?

Unlike your typical property tax which is paid to the State on a semi-annual basis, conveyance tax is paid on actual and full consideration for the transfer of realty, including leases and subleases, a tax of 10¢ per $100 is …

Cesspools: Should I Be Concerned?

Hawaii has more cesspools than any other state in the country.  Cesspools are “drywells” or underground holes that receive sanitary wastewater from building bathrooms and usually from the kitchens, clothes washers and/or dishwashers. A cesspool has an open bottom and/or …

Title Insurance: Is It Necessary?

Title insurance protects property owners from unforseen claims against their legal ownership of the property.  Lenders may also require title insurance to assure that any loans secured by the property are sound and have priority.  There are many kinds of …

Selling Without Permits?

After the fact permits are treated the same as regular permits and must meet current codes.  It can be difficult to find contractors willing to sign the permit because they will be taking responsibility for the job.  If you are …