Oahu Home Values – How Much is Your Oahu Home Worth?

Oahu home values have been on the rise! Do you know how much your Oahu real estate is currently worth? If not, we think you will definitely be interested in our new online home valuation tool at OahuHomeReport.com.

oahu home value tool

Our online tool generates an automatic report that includes recent sales in your neighborhood, an estimated value range for your home and much more.  Check it out and enter your address today!  If you’d like a more custom report, please contact us today at info@protherogroup.com  or give us a call (808) 625-5057.

Two Types of Real Estate Team Selling

Real Estate Sales Teams fall in two categories:

  1. A team designed to allow the real estate agent to dedicate more direct time with clients.
  2. A team designed to keep clients away from the real estate agent.

Oahu real estate teamThe Prothero Group at Island Style Realty was created to improve the client experience when buying or selling a home. It was also created to free your agent of much of the administrative work to allow more time in the field with our clients.

We all hear those TV and radio commercials with gimmicks or guarantees. Some real estate teams even make claims of selling homes for giant percentages higher than other agents, when the truth is they sell them for less, take longer and in many cases fail to sell them at all. They sign up tons of homes, sell many more than most agents; yet fail to sell many more than any other agents in the area. It is a game of numbers for them. Some even guarantee to sell your home or they will buy it. When you finally read the fine print you are made to feel you walked on the used car lot. This business model is quite different than ours. Their agents are shielded from their clients by an army of assistants and clerks.

At The Prothero Group, we offer no misleading gimmicks. Instead of paying large sums of money for paid celebrity endorsements, we spend our money on marketing your home. Through our aggressive marketing programs we simply sell homes for more money and faster than the overwhelming majority of Realtors. We get our endorsements from past clients who were delighted with our service.

Real Estate Sold!We include more services than almost any other real estate agents. Our only promise is to do a great job for you. Our track record speaks for itself.

  • Free pre-listing consultation and analysis of your home and market conditions
  • Home staging consultation with a professional interior designer
  • Professional photography and video tours
  • Custom websites for your listing
  • Open houses, staffed by licensed agents
  • Direct marketing to top area Realtors
  • Social media campaigns
  • Direct mail marketing

If you are thinking of selling your home, schedule a free consultation. We can help you develop your plan. We also have several licensed professionals standing by to assist you with repairs etc.

We would be honored to help you purchase a home. By selecting us, you will be represented by one of the most dedicated and respected real estate teams in the industry. Buyer agency services are free in almost all cases, so do not be shy. Give us a call and let us get you started on your path to home ownership. If you do not think you are ready to buy due to credit issues, we can put you together with professionals to get you on your way.

If you are a member of the military or have formerly served, we are experts in the use of your VA benefit. We sponsor free VA seminars as our way of saying thank you for your service. Our goal is to help those who defended our soil, own a piece of it.

At The Prothero Group advice is always free. Give us a call anytime at (808) 625-5057.

Oahu real estate team

Makakilo Real Estate Home Seller Success Story – “A Blessing to Us”

Makakilo home sellers Harold & Harry talk about selling their Makakilo real estate with the Prothero Group. We were honored to work with them and always aim to provide exceptional service.

Mahalo, Harold & Harry!

Mele Kalikimaka & Haouli Makahiki Hou!

Xmas-2014

2014 has been a wonderful year for The Prothero Group at Island Style Realty and our famlies. We have grown and seen many positive changes in our lives and our business.

Real Estate Investing in Honolulu: Appreciation vs. Cash Flow

In most parts of the country, investors have one thing on their mind, CASH FLOW.  Will the property rent for more money than the carrying costs.  The amount of positive cash it has, determines the desirability.  A savvy investor in Indiana would rarely consider a property that had a negative cash flow or break even for that matter.  A successful investor in that part of the country keeps adding properties to their portfolio to increase their monthly positive cash flow.

On the island of Oahu (Honolulu County), investors put on a different pair of glasses.  They buy real estate with the expectation that property will see large increases in value over time…

Read the full article on Active Rain!

Home Sale Negotiation: Sellers, Look at the Bigger Picture

Home Sale Negotiation

During a home sale negotiation, sellers often make a tactical mistake by arguing over small things. For example, countering a good offer for something minor; like a cleaning fee.

When an offer comes in on your property, before countering; always ask yourself this simple question. Is this a deal breaker? If you counter, the buyer can reject it and walk away. Also while this is happening the buyer is still looking and may find another property.

One last thought on the subject. If you get the buyer to concede the amount, you will most likely never see it. When the buyer does their home inspection, they will most likely be looking for a credit for repairs that will exceed that amount. They may have been more negotiable if not for you hitting them up in the opening salvo.

Consider the amount of money in play when sell your home. Also how much in carrying costs you will incur if the home stays on the market for a longer period of time.

Always ask, “is this a deal breaker?” If it is, then counter. If it is not than accept. If you are just too far apart and have little hope of finding common ground, then reject.

If you are thinking of selling your home, give us a call. Home sale negotiation doesn’t have to be stressful, and we would be honored to guide you through the process.

Home Sellers Tip: Control what you can Control!

home seller tip - Control what you can control!

A home sellers tip: when selling your home there are things you as a seller can control and then there are things you can not control, that you have to react to.

Things You Can Control:

  • The condition of your home.
  • Availability for buyers to see it.
  • The price.
  • The selection of a Realtor.

Things You Can’t Control:

  • The market.
  • The location (schools, neighbors, corner lot, etc.)
  • The competition.
  • Appraisals, home inspections, surveys, etc.
  • Buyers mortgage.

What I tell my sellers:  we will control what we can control and be ready to react to everything else.  Even the items we can’t control we in most cases can have some influence in those areas.  A good Realtor will inform and prepare you throughout the sales process.

If you are thinking of selling your home, give me a call.  I would be honored to guide you through the process.

Little Things Add Up! Three Tips on How to Maximize the Value of your Hawaii Home

maximize your Hawaii home value

To max out the value of your Hawaii home when selling it, remember a few things:

1. Less is More! De-clutter and de-personalize. You are selling space, show it off. Allow potential buyers to envision what the home will look like when they move in and to see how much space there is for their stuff. Also you want them to look at the home and not your photo collection.
2. Paint is profit! A little fresh paint makes everything look better. If you are thinking of painting, stop thinking and just do it. It is the most cost effective thing you can do to raise the value of your home.
3. Small repairs should be done in advance. Don’t wait for the home inspector to give you a list of $10 repairs. Do them in advance. No one wants to buy a home that was not maintained. Also buyers will ask for them to be done and it may negatively impact the price you get.
Before spending a lot of money unnecessarily, give me a call to preview your home. I offer free evaluations of your home to help give you guidance on preparing your home for sale.

The Prothero Group offers aggressive marketing programs for your home. Simply put, we sell them faster and for more money.  Call us at (808) 625-5057 to get started today.

Just SOLD! Mililani Single Family Home

Aggressive marketing by The Prothero Group sold this home on the first open house and with multiple over asking price offers.
 

To see a sample of some of the marketing we did for this lovely home go to:

www.MililaniHouse.com

We advertised this home, its pictures and the video tour all over the internet and to top real estate agents in the area. The net result was we had many more visitors and were able to sell the home faster and for more money.

We have a list of buyers looking to purchase their new dream home in your neighborhood. If you or one of your friends or neighbors is thinking of selling their home, please contact Randy at 384-5645.

We will be honored to give you a free evaluation of your home and describe our services to you.

Oahu Real Estate Sales Activity – August 2013

Below is the Oahu Real Estate sales activity for the month of August 2013 compared to July 2013 and August of last year. This covers resale homes for Oahu (Honolulu County).

Oahu Single Family Homes sales volume and prices are climbing, after a small drop in July. Low inventory is continuing to put pressure on prices. Many homes are continuing to sell for more than the appraisal and asking price.

Condos and townhouses are seeing steady pressure. Many buyers are rushing to take advantage of prices before they climb higher and before interest rates rise and price them out of the market.

Single-Family Home Resales

Month | Year    | # Sales   | Median Price | Average Price
Aug      | 2013   | 365          | $655,000        | $800,391
July      | 2013   | 290         | $647,500         | $788,955
Aug      | 2012   | 293          | $609,000        | $719,392

Condos/ Townhouse Resales

Month | Year    | # Sales | Median Price | Average Price
Aug      | 2013    | 460       | $350,000       | $436,521
July      | 2013    | 426       | $345,500        | $396,018
Aug      | 2012    | 409       | $320,000       | $366,072
———————————————————————————————————-
*Median price means half the prices were above and half below the given price. For additional stats, please contact us.

Data was taken from the Honolulu Board of REALTORS® MLS system. It is deemed to be accurate, but not guaranteed.