Tuesday, December 23, 2008
Happy Holidays!
As mortgage rates began their downward slide about a 2 week ago, bottoming out a 4.5% just a few days ago, there has never been a better time to buy in Hawaii. And Trinity has two new listings that are sure to please: 1) Haiku Plantations and 2) Lanikai Land. Both are primed and ready to move. For more details, contact us. We look forward to helping you start your new year in a new home.
Mele Kalikimaka & Hauoli Makahiki Hou!
The Trinity Hawaii Ohana extends our warmest holiday wishes for a season filled with love, laughter, family and friends. Thank you for another successful year and we look forward to seeing you in Hawaii in 2009!
Friday, September 28, 2007
Shopping for Financing? Freddie Mac May Be the Answer
Many consumers and potential homebuyers need help in finding the answers that will lead them to their ultimate goal of home ownership. Particularly in today's changing mortgage market and in Hawaii where home prices are among the highest in the nation, consumers need to seek the advise and guidance of professionals to answer their questions.
Freddie Mac will be sponsoring a Free Homebuyer Workshop this weekend that will be hosted by Central Pacific HomeLoans and emceed by local comedian Dave Lancaster.
Leonard Loventhal, Central Pacific loan manager, said "the company hopes to prequalify at least 100 people for a loan."
Established by congress in 1970 to help finance home mortgage lending, Freddie Mac createda flexible loan product that they called "Home Possible" for consumers with less than perfect credit.
Home Possible loans are offered for up to 100% of a home's value with no cash down for primary residences up to $625,000. The interest rates on these loans may be slightly higher than conforming market rates. "Honolulu households earning up to $124,950 regardless of household size may qualify for loans."
So if you're in the market for a mortgage, chances are you are in the market to buy a home. Please call on the Trinity Sales Team. We are the professionals with the experience and market knowledge to make your dreams of home ownership come true!
FREE HOMEBUYER WORKSHOP
WHEN: 9:00 AM Saturday, September 29th
WHERE: Pearl Country Club,
98-535 Ka`onohi St.
WHAT: Loan advice and prequalificatiion
MORE INFORMATION: Sabrina Ongos 778-0299
ON THE WEB?: freddiemac.com/homepossible
Freddie Mac will be sponsoring a Free Homebuyer Workshop this weekend that will be hosted by Central Pacific HomeLoans and emceed by local comedian Dave Lancaster.
Leonard Loventhal, Central Pacific loan manager, said "the company hopes to prequalify at least 100 people for a loan."
Established by congress in 1970 to help finance home mortgage lending, Freddie Mac createda flexible loan product that they called "Home Possible" for consumers with less than perfect credit.
Home Possible loans are offered for up to 100% of a home's value with no cash down for primary residences up to $625,000. The interest rates on these loans may be slightly higher than conforming market rates. "Honolulu households earning up to $124,950 regardless of household size may qualify for loans."
So if you're in the market for a mortgage, chances are you are in the market to buy a home. Please call on the Trinity Sales Team. We are the professionals with the experience and market knowledge to make your dreams of home ownership come true!
FREE HOMEBUYER WORKSHOP
WHEN: 9:00 AM Saturday, September 29th
WHERE: Pearl Country Club,
98-535 Ka`onohi St.
WHAT: Loan advice and prequalificatiion
MORE INFORMATION: Sabrina Ongos 778-0299
ON THE WEB?: freddiemac.com/homepossible
Wednesday, September 26, 2007
Large Estate Properties to Become Available for Purchase
Alexdander & Baldwin, the state's 4th largest land owner announced it's strategic five year plan that will include offering a small percentage of the 90,000 acres it owns as estates for those wealthy enough to afford a large piece of Hawai`i.
A&B expects the Buyer profile to be from off shore possibly foreign countries who desire a large estate on which to put up a home or two.
Some of the land includes 37 acres of Nahiku property on east Maui and Kaua`i is already being marketed on their website as an opportunity to create a "personal paradise."
If you are seeking a "piece of paradise" for yourself, be it a small condo or a large estate, the Trinity Sales Team would like to hear from you. With over 20 years of combined real estate success and the very latest market knowledge we have created a winning team! Put our team to work for you today!
A&B expects the Buyer profile to be from off shore possibly foreign countries who desire a large estate on which to put up a home or two.
Some of the land includes 37 acres of Nahiku property on east Maui and Kaua`i is already being marketed on their website as an opportunity to create a "personal paradise."
If you are seeking a "piece of paradise" for yourself, be it a small condo or a large estate, the Trinity Sales Team would like to hear from you. With over 20 years of combined real estate success and the very latest market knowledge we have created a winning team! Put our team to work for you today!
Wednesday, September 19, 2007
Feds Adjust Prime Down to Stabilize Rising Foreclosures
Although foreclosures in the state of Hawaii are up, 145 filings in August 2007 compared to 42 in August 2006, Hawaii continues to rank in the bottom nationally. These numbers are provided by RealtyTrac of Irvine, California. Much of the problem that has lead homeowners into foreclosure are the rising rates on adjustable mortgages now that the low teaser rates have expired and rates are adjusting dramatically higher. For those sub-prime borrowers who were seduced by exotic loans that allowed them entry into the market, the upward rates are more than they are able to bear. In addition homeowners are having difficulty refinancing these loans since the market prices in many areas of the country has dropped.
As a counter balance to the growing foreclosure problem, the Feds issued a dramatic slash to key interest rates.Although it takes some time for the market to feel the benefits of the cut, a 4.75 % is looking much better than the previous 5.25%. This is a Federal rate that banks charge each other for overnight loans.The prime rate also sets the mark for rates on home equity loans and credit cards.This rate may also effect car loans and some mortgages helping buyers.
It is clear from this action that the Federal government wants to put a stop to a housing market that is bottoming out, and wishes to stabilize business hiring and investment in order to keep the market growing as it has for the past six years.
Once again, Hawaii continues to show a healthy balanced market for both Buyers and Sellers. If you are interested in making a purchase or selling at this time, you can count on Trinity Properties to have the market knowledge and insight to help you make those big decisions in this changing times.
As a counter balance to the growing foreclosure problem, the Feds issued a dramatic slash to key interest rates.Although it takes some time for the market to feel the benefits of the cut, a 4.75 % is looking much better than the previous 5.25%. This is a Federal rate that banks charge each other for overnight loans.The prime rate also sets the mark for rates on home equity loans and credit cards.This rate may also effect car loans and some mortgages helping buyers.
It is clear from this action that the Federal government wants to put a stop to a housing market that is bottoming out, and wishes to stabilize business hiring and investment in order to keep the market growing as it has for the past six years.
Once again, Hawaii continues to show a healthy balanced market for both Buyers and Sellers. If you are interested in making a purchase or selling at this time, you can count on Trinity Properties to have the market knowledge and insight to help you make those big decisions in this changing times.
Monday, September 17, 2007
Kailua Home for Sale, A Must See!
Charming "Duck Road" is just a short walk to the silky white sands that stretches for miles along the blue waters of Kailua Bay.Located on Kainui Drive, aka "Duck Road" is this wonderful family home of 4 bedrooms, 2 of which are master suites, 3.5 baths, wood and quartzite flooring, exposed beam ceilings, extra large eat-in kitchen, granite counter tops, bay windows and plantation style doors. The property itself is over 9,000 sq.ft. with a garden resplendent with tropical landscaping and a 35' lap pool! Yours to enjoy, and own for $1,339,000. The Seller of this property is represented by the Mary Worrall Agency. Trinity Properties would be most proud and happy to represent you as our Buyer in the acquisition of this gem of a home!
Thursday, September 13, 2007
Beachfront Home Sales in Kailua
There were two recent oceanfront home sales in Kailua during the summer season that reflect Buyers faith that Hawaii is still a great place to live or to purchase property for real estate investment.
Both home were in the Kainalu Park neighborhood with wide sandy beach frontage. The home on Kailuana Lp. has 6 bedrooms, and 6.5 baths and is situated on over 30,000 sq.ft. of land with 125 linear ft. of beach frontage.The list price for this home was $6,495,000 and the actual price it sold for was $6,200,000, or 95% of the asking price.
The second property located on Kailuana Place, at Castle Point was situated on over 2 acres of land with 314 linear feet of beach frontage and has 2 homes on the property; a 4 bedroom, 4.5 bath home and a newer 3 bedroom, 2 bath guest cottage. The list price for this property was $12,800,000 and the actual sale price was $11,000,000 or 86% of the asking price.
There are currently 16 ocean/beachfront homes on the market in the Lanikai, Beachside neighborhoods of Kailua. They range in price from $4.1M up to $23.7M. The average price for these properties is $8.697M. If you are searching for a Hawaii property to call your own, whether it be on or near the ocean, mountains or city lights, please consider Trinity Proprties Sales Team for your real estate needs. We have over 20 years of sales experience in the luxury home market and welcome the opportunity to put that experience to use in helping you to find the home of your dreams!
Both home were in the Kainalu Park neighborhood with wide sandy beach frontage. The home on Kailuana Lp. has 6 bedrooms, and 6.5 baths and is situated on over 30,000 sq.ft. of land with 125 linear ft. of beach frontage.The list price for this home was $6,495,000 and the actual price it sold for was $6,200,000, or 95% of the asking price.
The second property located on Kailuana Place, at Castle Point was situated on over 2 acres of land with 314 linear feet of beach frontage and has 2 homes on the property; a 4 bedroom, 4.5 bath home and a newer 3 bedroom, 2 bath guest cottage. The list price for this property was $12,800,000 and the actual sale price was $11,000,000 or 86% of the asking price.
There are currently 16 ocean/beachfront homes on the market in the Lanikai, Beachside neighborhoods of Kailua. They range in price from $4.1M up to $23.7M. The average price for these properties is $8.697M. If you are searching for a Hawaii property to call your own, whether it be on or near the ocean, mountains or city lights, please consider Trinity Proprties Sales Team for your real estate needs. We have over 20 years of sales experience in the luxury home market and welcome the opportunity to put that experience to use in helping you to find the home of your dreams!
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