The Buyers Agent

By
Real Estate Agent with Green Realty Group (808) 630-1828

 

The Buyers AgentI was talking (on Facebook) with a friend this morning and he was mentioning that someday he would want to own a home of his own in Mililani.  I took a quick look at what was available in Mililani and saw that there were many properties in the low $400,000s.  A little quick math and I saw that his monthly payment on one of these homes would be around $2,100 INCLUDING taxes, principle and interest.  When I first looked at the mortgage calculator, it said the payment would be much higher and then I saw that it had automatically set the interest rate at 6.5%.

 

The moral of my story is that home prices are low and interest rates are even lower.  When you use a Mortgage Calculator to figure out what your payment would be, be sure all of the numbers are correct.  In Hawaii, property taxes are among the lowest in the nation.  They are about $3.42 per $1,000 of value, so a home that costs $400,000 would be about $1,400 per year.  Interest rates are a bit below 5% so make sure you put that percentage into the mortgage calculator.  On the mainland, property tax is much higher so the number in that block is probably much higher, CHANGE IT!  Don’t scare yourself away from buying a home because you have bad information!

 

If you would like to see the homes that are available in Mililani, click here.

 

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the computer to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Topic:
Home Buying
Location:
Hawaii Honolulu County
Groups:
Honolulu Real Estate Association
Oahu Real Estate Association
Tags:
the buyers agent
hawaii homes
honolulu homes
honolulu
hicentral
real estate
realtor list of
mike ramsey fujita
gayle fujita ramsey

Comments 4 New Comment

Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the clip to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Rainmaker
520,368
David Burrows
No Pressure, Just Seriously Devoted to Real Estate
Classic Realty

You are right Mike - The numbers must be set right. I lived in Kaneohe for 12 years and miss the Islands. Thanks for posting!

August 25, 2011 10:03 PM
Rainmaker
151,530
Kim Logan
Kim Logan - Keller Williams Lake Oconee Realty
KELLER WILLIAMS LAKE OCONEE

great post!!!! Good point!

 

August 25, 2011 10:05 PM
Ambassador
1,042,355
Ellie McIntire
CDPE, Howard County Homes for Sale
Ellicott City Clarksville Howard County Maryland Real Estate

WOW. You really do have it all. I could sell many more homes if we had the same tax rate.

August 25, 2011 10:07 PM
Rainmaker
69,188
Michael & Gayle Ramsey Fujita
(S) RA SFR
Green Realty Group (808) 630-1828

Hi All- Thank you for your feed back.  When you see a Mortgage Calculator that is clearly set up for mainland buyers, you realize how inexpensive our tax rates are.  Have a great week end!

Cheers-

Mike

 

August 26, 2011 02:35 AM
Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the foot to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Rainmaker
69,188

Michael & Gayle Ramsey Fujita

(S) RA SFR
Ask me a question
*
*
*
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the leaf to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Additional Information

Oahu Real Estate, Oahu Homes For Sale and Oahu Condos For Sale may all be seen here as well as Oahu Real Estate Consultation. Oahu Realtors Mike Ramsey Fujita & Gayle Fujita Ramsey RA's share insights to Oahu's Real Estate Market. http://www.GreatHawaiianHomes.com Search Oahu Real Estate at http://www.buyorsellinhawaii.com/