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Maybe we should wait a few months? Is the trend still down?
quote:
Jimmy, the prices are lower than they were a few months ago but most of these people can go even lower.
Jimmy
Posts: 172
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Joined: Aug 2006
The real estate authorities that post can better guess than me, but I think it will go down more. The Feds seem to think it'll go down more -- they just released a statement today saying that prices will be depressed for a few more years. Real estate agents always say, "Now is the time to buy." If the prices are going up, they say, "Get it while you can." If the prices are going down, they say, "Now's the time to buy. Prices are down."
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I think your characterization of real estate agents is generally true, and understandable. They have to pay the mortgage, too!
I have been fortunate to work with the exceptions. I've had two agents in two different cities who both bought and sold real estate for a living. They were quite willing to tell you what they thought would happen in the market even if that made clients hold off a purchase. It's good business. I've used both agents twice because I trust them.
Jimmy
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Summer is traditionally a busy time for us, but inventory is still high right now. I always show people the sales history on a property, if they have interest in the property. I'm sure not going to take the liability of someone later claiming that I withheld information.
John Dirgo, R, ABR, e-PRO
Island Trust Properties, LLC
808-987-9243 cell
http://www.hawaiirealproperty.com
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John, sounds like you're a conscientious agent. When I was looking a few years ago, I found a way (legally) to access the sales history by using my web programming experience. It was beneficial in knowing how much the seller could move. My agent -- really the buyer's agent-- (who had the property listed) never shared the info with me. A Buyer's agent would have been beneficial for me. Oh well, live and learn.
Posts: 172
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I should have said, "seller's agent."
Posts: 45
Threads: 10
Joined: May 2007
quote:
Summer is traditionally a busy time for us, but inventory is still high right now. I always show people the sales history on a property, if they have interest in the property. I'm sure not going to take the liability of someone later claiming that I withheld information.
John Dirgo, R, ABR, e-PRO
Island Trust Properties, LLC
808-987-9243 cell
http://www.hawaiirealproperty.com
That's the professional attitude, John! It leads to return business! What's your market prediction for the next few months?
Edited by - puna_bound on 05/30/2007 17:43:26
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They made the Tax website "privacy" friendly because we were getting letters and offers from every "Tom, Dick & Hank" to our home adress. You can go ahead and post all of your vitals on the net and let every loser con-artist, scammer, Nigerian Lotto Commisioner and convicted felon put liens on your property or whatever. I on the other hand, am glad the County restricted some info, it's about time they caught up wth the times, dumb asses.
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It's sad, but after timeless research, reading these posts and vibrational feelings, it's time we all had a real talk.
What makes people think that their property in HPP or ANYWHERE in Puna is worth more than it's really worth?? What's the deal here?? Is everyone ready to bail?? Not what you thought???...
I personally "discovered" this place 10 years ago and you could buy a one acre lot for $8,000. Sorry I didn't buy then, but I'm not greedy, wasn't ready and didn't really want the capitalization minset to sink in here and didn't think it would...was kinda hoping it would still be the same.. In HPP or any other beautiful area. Yeah right
How is it that 10 years later this place has gone from outpost (wild west or east) to "grand retirement community"?
Yes it has..
I dont live there (yet) but I've been there enough ( a lot) to know as well as I have friends who live there in Kapoho (off grid, not quite at the fishponds) and visit frequently
My take is that the S. Cal infulence has quadrupled the price on living in a mold infested, frog croaking, mosquito city.
How is any of this acceptable to anyone living here?? Who are you trying to attract here??
I realize that this site is directed to people moving here, but the reality is that if you all (those living here now) allow this trend to continue, you will not have the "community" you all wish to have here--you will have nothing but people who sold their million dollar homes (2 bd,1 BA) in California for the Hawaii dream and will never connect with the people who you really want as neighbors.
It's not really the fault of the residents of these Hawaiian communities, but rather the fault of the mainlanders who think they can have it all but don't realize the sacrifices they will have to make to live that Hawaii dream
I'm not a total cynic--just a realist who want and demands the truth...and who is living that same reality here in Southern Arizona with hopes to someday be there...what can we do?..
We are dealing with just that same scenario here in Southern Arizona where every S. Cal transplant has sold their $$$ home (nothing special) and can now buy their Lexus SUV and mansion in the foothills, driving prices up, therefore making it truly unaffordable for the free thinking working class good neighbor to come close to realizing their dream.(Let's not get into their entitement issues)
Then the unprepared decides that Puna life isn't for them and puts their house on the market for twice what it's woth so they can actually move back to the land of no croaking frogs, mosquitos, rain or no glorious ocean view like they thought they'd get but didn't.
I guess my view is a truly hard one for those who don't have to work for a living, but for those of us who do, and who would make good neighbors (which is what Puna really needs, not just dreamers) I can only encourage you to be authentic in your intentions to move here, and educate yourself as to what is really going on here and not just listen to these rants about ice and thieves, ccentipedes and mold, but to actually think about what you are doing to this community when you go to sell your house (here or anywhere) and think that a cheap house built on lava, that Pele could take away in a minute, is so wonderful that you should ask a price so far away from reality. This goes for the mainland as well as Hawaii by the way
I hope that home prices in this place of free sprits, gardeners and their opposites are put in check in the coming years as the baby boom gerneration decides that Puna is for them.
How sad will it be that all of your rants about infrastructure are but a passing blip on your screen and nothing happens as tons of people move here, drive home prices up and then demand services just like they do here in Tucson???
People buy cheap houses far away from town here all day..then they decide that evey service should be where they bought. And they complain about it!!
What a skewed mentality.
Why buy a house in the jungle (or the desert!)and expect everything to come to you??
That's unfortunately what you're in for as long as you allow people to jack the price up of homes in a freaking lava zone
Be real
All of you who post comments on this site are obviously living your dream...Good for you!! I hope to BE you somday soon and thanks for your insight
Why not promote a free sprited, real strategy to home price gouging on this piece of paradise???
Why not try to atract people with a like midset as yourselves who want a rainforest ifestyle and who can handle that??
Yes, it might be HAWAII and all, but I can't imagine paying $250,000 for a piece of crap in HPP.
If I can't get a home at a reasonable price in the next couple years, and people like myself are outpriced by the Californians, then enjoy yourselves, as the frogs, mold and mosquitos are the least of your problems.
As far as a community goes--have fun talking them out of paving and gating your rural paradise...
Most will realize the reality of living in Puna but it's not like the rest of Hawaii
It may be the last possible place to move if you're a working class fool like me or it could be the final frontier of price gouging in this land of unafforable housing
Respond if you will...
Tucsonan bound for Hawaii if the timing is right... and the Californians don't get there first..
Aloha!!
I realy have that spirit!! I KNOW YOU DO TOO!!
It's just that it seems like eveyone with a dollar will eventually destroy that feeling and all we'll be left with is what I have now here on the mainland
Mahalo for listening!
And thanks for responding..
Let's keep this website interesting
thornpicker
Posts: 45
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Joined: May 2007
I agree with much of what you have to say, but you are being a bit harsh on Californians! We will be able to buy on the Big Island not because we are currently living in California but because we have worked hard to save a little bit of money each month for a second home that will become our retirement home.
Besides, few Californians are really Californians. I was born and raised in the midwest, home to the most down to earth people around! I'll make a good neighbor there, as we are here, because we're good old fashion folk who just happen to be in California because our careers brought us here.
Jimmy
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