Honolulu, Kailua and Kapolei real estate and homes for sale in Hawaii - John Harris and Shelly Campbell Hawaii's Home Team, REALTORS® John Harris and Shelly Campbell Hawaii's Home Team REALTORS(r) for Honolulu, Kailua and Kapolei, Hawaii real estate - NUMBER1EXPERTS™ John Harris and Shelly Campbell Hawaii's Home Team NUMBER1EXPERTS(tm) for Honolulu, Kailua and Kapolei, Hawaii real estate
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About the Honolulu, Kailua and Kapolei Real Estate Market
 

"E Komo Mai!" This common Hawaiian expression means 'welcome to our home,' and nowhere is the sentiment more heartfelt than in Hawaii.  

There isn't much land available here, and most of the land is in the hands of 10 private kama'aina (local) companies and estates: Kamehameha Schools/Bishop Estate, Castle & Cooke Hawai'i, S. M. Damon Estate, The Estate of James Campbell, AMFAC, Mark A. Robinson Trusts, McCandless Properties, The Queen Emma Foundation, Ala Moana Hawai'i Properties and Hawai'i Reserves, Inc. The cost of housing on O'abu, which is among the highest in the nation, reflects the island's shortage of land.  

In June 2003, the median sales price of homes here, according to the Hawai'i Board of Realtors, was $365,000. The median price of condominiums was $166,000. Median prices mean that half of the sales prices were above and half were below. 

There are two types of land ownership in Hawai'i, and these apply to both single-family homes and condominiums: fee simple and leasehold.  

Fee simple is the most complete form of ownership, because the buyer owns the entire property; land, building and all. Fee simple owners don't have to pay ground rent, but will still have to pay maintenance fees (if applicable) and real property taxes. Since fee-simple homes include the land on which they're built, they provide greater security and resale value. 

Leasehold property belongs to a fee simple landowner who enters a ground lease with a lessee. If you are the buyer of residential leasehold property, you cannot own the land, and your use of the land is limited to the remaining years covered by the lease. Leasehold properties are generally much less expensive than fee simple because the cost of the land is not a factor. However, should the land revert to the landowner at the end of the lease with no opportunity for you to purchase the owner's fee interest and convert to fee simple, you'll be house-hunting.  

O'ahu's Unique Neighborhoods 

All communities have their own unique identity. It's the same on O'ahu, only more so. Each neighborhood here has a distinctive personality, sculpted by history and spun into an interesting tapestry by generations of our colorful mix of races. Over the years, each has become a living entity with an incomparable character and a soul all its own.  

Every part of the island has dramatically different topography, weather conditions, places to live and distribution of ethnic groups.  

The largest concentration of high-rise apartment buildings, big discount stores, factory outlets and shopping malls lies along the southern fringe of the island, from Hawai'i Kai to Kunia. The windward side has a more rural feeling, with plenty of shopping areas in Kailua and Kane'ohe, and charming neighborhoods.

Drier weather prevails all along the southern edge of the island. Driest of all is the west side along the Wai'anae.  


Request our Free Honolulu, Kailua and Kapolei Relocation Package. It's packed full of useful and important information about the Honolulu, Kailua and Kapolei, Hawaii area. Don't move here without it! Remember: we'll send it to you for free and without obligation. Just fill out the form and we will send it right out...
 

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Real Estate Tips
Financing Your Home >Owner Financing

If you are selling a house in which you have a lot of equity, and you don't need that equity to buy a new home, an owner-financing agreement may benefit you and your buyers.

Seller financing arrangements usually involve the buyers securing the largest portion of their purchase money from a mortgage company and getting a smaller second loan from the sellers. For example, they may finance 75% from a lender, put in 15% from savings, and ask the sellers to finance the remaining amount. The terms and interest rates on seller carry-backs are negotiated on a case-by-case basis.

Sellers may be able to negotiate a note that provides a better return on their money than 1-to-5 year CD's or treasury notes. They should ensure that the note protects them to the fullest. Use common sense when considering such a loan, and verify the buyers' income, credit history, and job stability before making your final decision.

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Real Estate Trivia
Q 
What are the world's most valuable chairs?

A 
A pair of Chippendale chairs designed by Robert Adam sold in 1997 at Christie's, London to an anonymous buyer for $2,762,330.
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John Harris and Shelly Campbell Hawaii's Home Team, REALTOR®, real estate agents and broker for Honolulu Hawaii home listings, property and land for sale - NUMBER1EXPERT(tm)

John Harris and Shelly Campbell Hawaii's Home Team
RE/MAX Honolulu

1357 Kapiolani Boulevard, Suite 870
Honolulu, HI. 96814
Direct: (808) 951-3210
Toll Free: (888) 289-7284
Fax: (808) 951-0185
Email John: John@HawaiiHomeTeam.com
Email Shelly: Shelly@HawaiiHomeTeam.com
For More Information: Info@HawaiiHomeTeam.com

John Harris and Shelly Campbell are truly “Hawaii’s Home Team,” with over 70 years of local living experience working for you. Our family (John is Shelly’s son) has been involved with the construction, development and sale of Hawaii residential and commercial properties since the late 1960’s. We are very involved in our community, because that’s whom we serve, and that’s what we sell. . .our community! When employing our team to sell your home, we act as your marketing managers to bring you more qualified buyers through our tested home selling systems. When the time comes to buy your Oahu home, we use the same negotiating expertise to ensure that you secure the best possible home for purchase at favorable terms in our competitive marketplace. Every home and property on Oahu is visible through our website! Whether buying or selling, John, Shelly and our team of support professionals are committed to your success!


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