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From your farmer, the president.

My fish pond is suffering, the taro is wilting and tangerines are not getting picked. It has been a busy, but very fast first two months. My term officially started Jan. 1 and I actually got 4 days off before we had our first executive board meeting. Since then, I have traveled to Hilo, Lihue, Palm Springs, Washington DC, and to Honolulu 8 times. Additional, I opened a new real estate office on Maui as BIC. In my spare time, my son Jeremy and I closed 6 escrows and took 8 new listings. Now you know why my chickens don’t get fed unless my wife Laura or my daughters Chloe and Brianna do it. Read entire post →

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Assuming he can get the Congressional Motley Crew to go along, Obama’s “Homestar” program would offer a rebate of $1,000 or more to people who purchase energy saving equipment.

The details are not spelled out yet but there have been several proposals. Read entire post →

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Valuable info provided by NOAA's Pacific Tsunami Warning Center

The threat of a tsunami wreaking havoc on the people and infrastructure of Hawaiian island shores has passed! We dodged a bullet!!

Authorities confirmed that a tsunami generated by the 8.8 earthquake off Chile did indeed hit the Hawaiian island chain, reaching the Big Island first with diminished effects as it headed N/NW.

The National Oceanic and Atmospheric Administration’s “Pacific Tsunami Warning Center” is fully prepared for this type of event, (even though the last state-wide tsunami warning was over 25 years ago). Read entire post →

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If you were like me a few years ago and someone asked me to get a Hawaii home energy audit, I would have called my CPA to schedule one!

Home Energy Audit

While we see Hawaii becoming more energy conscious, this term has not been familiar….until now.  A Home Energy Audit, in a nutshell, is an evaluation of the energy consumption of your home and of your energy usage patterns.

We in Hawaii have different comfort issues to deal with…hot rooms that don’t cool down quick enough,  air conditioned spaces that are either too cold or not cold enough.  We need to understand these issues as it relates to a “Hawaiian Style” home. Read entire post →

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12 percent of Hawaii homes are in foreclosure or threatened by foreclosure.

One of yesterday’s front page stories in Honolulu’s Advertiser was a new report on foreclosures in the country and where Hawaii is ranked.

As reported, a new mortgage industry report shows that more homeowners in Hawai’i fell behind on their loan payments last year, suggesting that foreclosures will continue to rise this year. At the end of last year, 4.5 percent of the loans statewide were in foreclosure, and an additional 12,182 mortgages, representing 7.3 percent of the market, were delinquent but not yet in foreclosure.

A sweet REO house listed for $179,700

A sweet REO house (MLS# 230165) listed for $179,700
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Hawaii Doctors are Happy About Zero Down Loans

Hawaii Doctors are Happy about Zero Down Loans

I am proud to announce that Exclusive Physician Loans, the Nation’s leading physician referral and relocation company, has selected myself as their exclusive network Realtor for the Islands of Hawaii. I will specialize in helping residents and fellows at The John A. Burns School of Medicine as well as at Tripler Army Medical Center. In addition, this program will extend their special Zero Down Doctor Loan to all Physicians in Hawaii, up to $1,000,000.

About Exclusive Physician Loans:  Exclusive Physician Loans specializes in providing mortgage solutions and award winning real estate agents for physicians. They have access to the only remaining 0-5% Down Physician Loan available in all 50 states, which can mean the difference between renting and buying. Exclusive Physician Loans and their team have helped thousands of physicians in the last 9 years buy homes using special financing for doctors.

For more information, visit their website or e-mail info@ExclusivePhysicianLoans.com

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With a new decade upon us and signs of some very positive movements in our economic  stability, everyone is looking to simplify, renew and start fresh. Hawaii is pushing forward to lead the nation towards independence from foreign oil cost with its energy evolution goal to use cleaner and more renewable sources of energy by utilizing its wind, sun and oceans for a greener tomorrow.

The Hawaii Clean Energy Initiative (HCEI) is a comprehensive road map that moves Hawaii towards a future where 70 percent of its electricity and ground transportation needs will come from clean sources by the year 2030.

There are also “3 Wave Turbines Planned for Maui Waters,” as reviewed by Honolulu Star-Bulletin, February 5, 2008.

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Another Hawaii Life Core Value

Another Hawaii Life Core Value

1. Lucky We Live Hawaii

Let’s face it…. this is really Number One, and it always will be. At the end of the day (or year), we’re extremely grateful for the incredible quality of life that Hawaii provides.

2.  Buyer and Sellers “Get It”

We knew the real estate industry was changing, and that real estate marketing had to change as well… The brand promises of the past aren’t delivering. Fortunately, our clients and customers agree with us. In 2009, over 250 people trusted us with their real estate business. Thousands of people have Hawaii Life accounts, and thousands of people visit www.hawaiilife.com everyday.  We closed our first calendar year with over $50 million in real estate sales, a feat that would have been impressive in the hottest of markets for a brand-new company.

3.  Our Agency Policy Works

Our commitment to agency has yielded powerful results.  Over 150 sellers have trusted us to list their Hawaii properties for sale, and in 2009, Hawaii Life sellers netted (a median of) 93% of their List Price, while Buyers who hire Hawaii Life as their Exclusive Agent enjoy a significantly higher margin, and immediate access to the market’s new inventory (and often, even a ‘heads-up’ of what’s coming).

4.  The Back Of The House

We went through two website launches this year… with multiple revisions, innovations and new features that have won us awards, and garnered the attention of some of the real estate industry’s thought-leaders. We couldn’t have done it without the hard work and commitment of our ‘chefs’ in the kitchen:  Yacine Merzouk, our lead programmer; Justin Britt, our Head Web Head; Winston Welborn, our Creative Director; and Brad Haeger, our Marketing Researcher.

5. Hawaii Life Puako

Our Big Island team has taken Hawaii Life’s business model and injected it with “Solid Representation” rocket-fuel. We can’t say enough about how proud we are of Katie Minkus, BIC and her team of superstars. They are Hawaii Life’s top selling and top listing agents, and they’ve accomplished incredible success all since closing their first transaction in April of 2009.  Incredible.

6.  Hanalei North Shore Properties

In the fall of 2009, Hawaii Life was honored to be chosen by Roberta Haas and her team of Realtors from Hanalei North Shore Properties to organize a merger that immediately made Hawaii Life on Kauai’s top listing brokerages. The power and influence of having Roberta Haas and her team working with Hawaii Life is incredible, and only just begun.

7.  Unified, Statewide

Also in the fall, Hawaii Life officially became a Statewide brokerage, with Realtors in every County in Hawaii.  With Tobi Fisher as the Director of Sales on Maui, and David Buck as our Broker for the island of Oahu… Hawaii Life is poised to express our business model in the largest markets in the State. We held our first Annual Brokers’ Summit at the Outrigger Canoe Club in Waikiki… where we discussed and created Hawaii Life’s Core Values.

8.  More Brokers (than Salespeople)

Earning a Hawaii Real Estate Broker’s license is no easy feat. It requires a minimum of 3 years of full time real estate experience as a salesperson, and rigorous licensing course and State exam. At Hawaii Life, we have a unique policy where we pay for our agents education towards Realtor designations, including their courses and exam to become a licensed Real Estate Broker in the State of Hawaii. We believe that brokers make better agents, plain and simple. While we grew to 43 Realtors in 2009, we’re honored to announce that 4 of our agents have earned their Brokers license under our guidance:  Lucy Clark, RB; Kelly Condon, RB, David Buck, RB, and Miriam Perlmutter, RB.  As a result of their hard work… Hawaii Life now has a higher Broker to Agent ratio than any comparable firm in Hawaii (17 Brokers & 26 Salespeople).

9.  Bank-Owned Inventory, Hawaii REO Listings

As a company, we’re honored to have caught the attention of local and national asset managers who recognize the power and scope of our marketing, and have hired us to sell their bank-owned real estate. We’re not particularly thrilled about rampant foreclosures in Hawaii, but we do recognize that REO listings are often well-priced, and represent excellent opportunities for buyers who are entering the market, and who are prepared and qualified to give these homes and neighborhoods the love and care that they deserve.

10.  Luxury Hawaii Real Estate Listings

We’ve moved into the Luxury Listing market. And we’re thrilled about it. Hidden Place, Anini Vista, 180 degrees, Pueo Place are some examples… and there are more to come. Roberta Haas and her team have just listed a home in Ha’ena on Kauai for $8.7m, and Bobby Galchutt and I have to two homes on Kalihiwai Road on Kauai’s north shore starting at $6.9m.

So…. here’s to 2009!


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With real estate prices the lowest in years, and abundant inventory to choose from, more and more clients have inquired about “flipping properties.” They want to know if now is the time to buy and sell for a profit.

When the real estate market was up, flipping real estate was somewhat commonplace. I’d see the same investors buy a property, sell a property, buy a property, sell a property and so on…making a lot of quick profits. I heard mixed reactions at the time from those on the sidelines, from those that were disgusted by the amount of money being made to those that wanted to jump in and be a part of it.

Several television shows aired simplifying the flipping process, from purchase to sale, all within a 30-60 minute broadcast. Even with unexpected delays or problems, the investors always managed to come out on top, walking away with a substantial profit from a property that they might have owned for just a few short weeks, if that. And while there definitely were a lot of success stories, it was made to look easy and that anyone can do it. Unfortunately, we are well too aware that not everyone should do it.

Lets look at just two points to consider when purchasing investment property:

1. Money

  • Buyers need to be pre-qualified now more than ever if seeking financing. Those days of 100% financing are memories for most. And be prepared to cover all costs of the mortgage, taxes, HOA dues, utilities, etc.
  • For rental property, be prepared to cover those costs listed above, just in case renters default or you find yourself without tenants.
  • Repairs should also be factored in for not only materials, but labor costs too.
  • Don’t forget about capital gains tax for when you sell.

2. Time

  • Selling the property for profit may take longer than what we saw in the past. This is due to several factors like supply and demand (there’s more supply now than what we saw in the last 10 years).
  • Consider buying and holding. Prices have not moved in an upswing yet, so patience is key.

With the lower sales prices and interest rates, it can be expected that flipping properties will make a comeback. After all, history usually repeats itself. But just make sure to ask yourself, do you have what it takes?

Jessica L Mugrage, RA can be reached at 808.639.6182.

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A commercial dairy on Kauai to produce manure and County-subsidized farm-grade compost – these were a couple of the ideas thrown about in Kilauea at the first meeting of the Kauai chapter of the Hawaii Farmers Union.

The Hawaii Island chapter has been active for several years, and there are now chapters on Oahu, Maui & Molokai as well. The National Farmers Union is the oldest grassroots farmers organization in the country, founded in 1902. It serves primarily small farmers, as opposed to the American Farm Bureau, which is more aligned with corporate interests. The stated mission of the HFU is to “…advance the rights of farmers to create vibrant and prosperous agricultural communities for the benefit of all through cooperation, legislation & education.” Among their most recent accomplishments is to affect a ban on GMO taro & coffee on Hawaii Island. The meeting was attended by over a dozen small farmers from Kauai’s north shore – additional meetings are planned for Lihue & Kalaheo. It is hoped that the Kauai chapter will be a vibrant and active group, advocating for the needs of the many small farmers on the island and in the state. This is just one more step in bringing Kauai to food self-sufficiency.

All farmers and friends of farmer are invited to join and add their voices to the group’s. And if anyone out there has interest in starting a dairy on Kauai, let me know!

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