Page 3 - Hawaii Island MidWeek - Feb 23, 2022

PROOF POSITIVE
True To Homeownership
FEBRUARY 23, 2022
HAWAI‘I ISLAND MIDWEEK 3
Today’s housing market has been volatile to Hawai‘i’s people. The gap between locals and newcomers in homeownership continuously increases, and it is no surprise that Hawai‘i’s people feel like homeownership might not be a pos- sibility. It is this very reason that we need to come together as a community and work on this issue from each angle.
with Chelsie Evans, executive director of Hawaiian Community Assets
Educating ourselves on both the past and current systems that have created this current climate of housing is of utmost importance. Joining a team built from the hands of two native Hawaiian wāhine trying to navigate housing for their own keiki can bring the kind of support needed to anyone looking to get more education and take the next steps to housing security.
Certified counselors assist residents in becoming economically self sufficient. PHOTO COURTESY HAWAI‘I COMMUNITY ASSETS
Your child’s life is precious.
Don’t wait.
Vaccinate.
Born and raised in Hawai‘i, I know what it’s like to overcome challenges in life — from trying to secure housing for my keiki as a teenage mom, to job loss while caring for a medically fragile child, to dealing with my own health issues. Not everyone will have the same experience as I, and not everyone has the same educational or loving ‘ohana privileges I had. When faced with obstacles, it’s not always easy to stay strong and keep your eye on the goal, but that’s where a sup- port team is so critical. Hawaiian Commu- nity Assets can be that support team to get you closer to homeownership.
families, especially native Hawaiians, to achieve and sustain economic self-suffi- ciency. Residents can work with their local Financial Opportunity Centers on Kaua‘i, Hawai‘i Island, Maui and O‘ahu to take ad- vantage of workshops, .resources, and finan- cial counseling.
To date, HCA has helped 6,799 children and adults in affordable homes. We have served more than 20,000 residents with fi- nancial education and accessed more than $163 million to support affordable housing in underserved communities.
As HCA’s executive director, I am com- mitted to creating a thriving community that gives residents options for the life experi- ences that Hawai‘i has to offer — and that includes an equitable opportunity to find housing. To learn more, visit hawaiiancom- munity.net.
Josh and daughter, vaccinated
HCA and our partner organization Hawaiʻi Community Lending work together to build the capacity of low- and moderate-income
HawaiiCOVID19.com/Vaccine
The FDA has authorized the Pfizer COVID-19 vaccine for children ages 5 and above.
# hawaiianrealty.com • hawaiianrealty.com • hawaiianrealty.com • hawaiianrealty.com • hawaiianrealty.com • hawaiianrealty.com #
h h a a w wa i a i a i n i a r e n a r l e t y a . c l o t y m . c • o h m a w • a i h i a a n w r e a a i l i t a y . n c o r e m a l t y . c o m
WINNING YOUR “CASE”!
Lovely Seaside Setting!
HPP- Paradise Ala Kai Dr.
House & “ohana” unit. 4 bd, 2.5 ba, 11,326sf, wide lanai. Recently renovated, near ocean w/ lush tropical landscaping.
hawaiianrealty.com 800-667-5028 ext. 8122
Denise S. Nakanishi
RB-17031, ABR, CRS, GRI, SRS
“Major Mom is a Major Difference”
Many are surprised to learn there are usually no initial costs to list their home. Naturally, there are eventual costs which are normally deducted from the proceeds. Agent commissions are, of course, the largest expense. A close look may help explain what the seller eventually pays for. Competent agents do extensive research prior to meeting the seller. The process starts with reviewing tax records, permits, the title report and, most importantly, assessing current market trends. Closing cost estimates and
marketing pieces, print advertising, agent caravans, post card mailings and open houses. Even the
sign in front of the house is not free. The updated approach to marketing includes this and much, much more! In fact, the scope of on-line marketing and syndication is hugely extensive, layered and labor intensive. Top agents employ assistants to handle these tasks. Even though on-line marketing is very fluid and ever-changing, the benefits of time invested in on-line marketing cannot be overlooked. The longer and stronger an agent’s on-line presence, the bet ter. When a buyer is found, the agent must carefully evaluate the strengths of the buyer and nuances of the contract. They must timely coordinate with lenders, Escrow, Title companies, termite inspectors, surveyors, attorneys, home inspectors and insurance agents to name a few. Even today, short sale negotiators, foreclosure asset managers and more commonly reverse mortgage lenders can be part of this list. A sale could get more complicated if, for instance, tax or child support liens
have been filed against the property. Like attorneys who are paid when the client wins, REALTORS® are normally expected to “front” all costs to you until you “win”. Costs, exclusive of labor, quickly run into hundreds and even thousands of dollars. The last study I saw quoted the average cost of a listing that did not sell at $1260. This was years ago, so much higher now. Public perception is that REALTORS® make lots of money. Truth is, most do not. The national average in 2015 was $44,5000 (gross).
By the time print ad costs, commission splits, franchise fees, GE t axes, MLS fees, local board fees, continuing education, license renewal and on-line advertising are factored, the agent is lucky to net 1% of the sales price for each home sold. This could be broken down monthly or hourly but that skirts the real issue, which for the seller is whether your agent can afford to provide the services you contracted for until your “case is won”?
Blog forward at www.hawaiianrealtyhomes.com
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may be ordered. A QR code is crafted.
T T h h e e p p r r o o p p e e r r t t y y i i s s s s u u b b m mi i t t t t e e d d w w i i t t h h p p h h o o t t o o s s and supporting documents to the Multiple Listing Service and other websites with which the agent participates. The agent pays a fee for each one. Traditional marketing plans commonly include flyers,
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approval. Once listing terms are set, staging is tweaked, and professional photos are shot. Virtual or 3D tours
l majormom@ilhawaii.net
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MLS #656845
$599K
FIND MY COLUMN EVERY SUNDAY OF THE MONTH. Watch “HAWAII LIFE” on HGTV!
hawaiianrealty.com • hawaiianrealty.com