Jason Wong’s Hawaii Real Estate Blog

Most homeowners who are in the market of shopping for commission rates and brokerage firms to represent them for putting their properties for sale, may not know the behind-the-scene pros and cons of various brokerage business models. In this segment, we are going to apply “reality-check” on various business models. As a homeowner, you have…

Ever wonder how accurate the so-called resale statistics published online by various platforms? How accurate were they? Did the figure/percentage (increase/decrease) really told general public what the reality of the resale marketplace was truly performing? In this segment, I, Jason Wong, will share my insight how to read these numbers and talk about the hidden…

Selling Hawaii property may require some pre-planning. For example, packing away objects that are no longer in use, creating spacious, neutral, yet inviting environment. Be alert about smell – if a carpet, drape are soaked with pet or human scent, please go and get them professionally cleaned before having the property marketed for sale. First…

Buying Hawaii real estate can be quite different purchasing experience. The State of Hawaii is an escrow State, meaning, both buyer and seller must choose only 1 escrow officer to handle the escrow and closing. In comparison to Vancouver Canada Real Estate, where buyer and seller will appoint their own attorney or notary public to…

While there are many great Hawaii State programs and local lenders that provide education to first time home buyers on various aspects of buying the very first home in Hawaii, yet, first time home buyers should understand that, the very first home probably will not have all the features that one desires, but treat your…

There are many business decisions for anyone who is new to real estate business. First and foremost, what type of brokerage should one hang the license with. Global and national franchise offices command lion shares of your earned out commission split, in addition, there may be additional monthly technology, desk, admin fees etc. On the…

Are you in a cross road to decide whether you should buy an existing property in the resale market or a pre-construction unit that may not be completed until 2-3 years later. There are plenty pros and cons between these options. Presales (Pros) – Brand new, never live-in condition upon completion of the project –…

There are some rigid definitions among scholars when to call a property “fee simple” or “freehold”. But in modern usage, both terms mean almost the same concept in sellers and buyers mind – the only difference is geographic region of using such term. In USA, we refer “fee simple” property also known as “freehold” property…

Do you know what is a co-op property? In most cases, buyer who purchases the shares of a corporation that owns the co-op building will allow such buyer to occupy the subject unit indefinitely given the financial account is current with the co-op board/corporation; however, not all co-op corporations are incorporated the same. There are…