What does agency in real estate mean?

Understanding agency in real estate is fundamental for anyone navigating the complexities of buying or selling property. Simply put, agency refers to the relationship between a client and their chosen real estate brokerage firm. This concept is prominently featured on the first page of both the purchase contract and the listing agreement for good reason—it forms the foundation of the entire transaction process.

In Hawaii, when a buyer or seller engages a real estate brokerage firm as their agent, they are represented by that firm and all its licensees. It's a legal requirement for real estate licensees to disclose, either orally or in writing, whom they represent to the…

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Tax Considerations When Selling  

As you explore the possibility of selling your property, it's essential to be aware of the various tax considerations that may impact your transaction. Capital gains along with two important regulations to understand are HARPTA (Hawaii Real Property Tax Act) and FIRPTA (Foreign Investment in Real Property Tax Act). Below, I've outlined key information about these withholdings to help you navigate the selling process smoothly.

Capital Gains Tax

When selling your home, one financial consideration to keep in mind is the capital gains tax. This tax is imposed on the profit you make from the sale of your property. To calculate your capital gains, subtract the property's purchase price (adjusted basis) from the…

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February Market Statistics

National Statistics: In February 2024, there was notable growth in U.S. existing-home sales, with a 3.1% increase month-over-month, reaching a seasonally adjusted annual rate of 4.00 million homes. This exceeded the expectations of economists and represented the strongest sales pace since August 2023, as reported by the National Association of REALTORS® (NAR). The decline in interest rates towards the end of the previous year, combined with a recent rise in inventory, contributed to this increase, particularly following a decline in sales the previous month. The Midwest, South, and West regions all saw monthly gains.

As of February, the total inventory stood at 1.01 million units, showing a 2% increase from the…

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So, You Want A Short Term Rental Property on Maui?

Considerations When Purchasing A Short-Term Vacation Rental Condo In Paradise

While ROI considerations are important, the decision to purchase often stems from a desire to create a personal haven in one of the most beautiful places on Earth. So, why get a short-term vacation rental condo on Maui? Because it's not just an investment; it's a ticket to a lifetime of joy and relaxation in a tropical paradise. 

Are you dreaming of owning a Vacation Property in paradise on the beautiful island of Maui? Investing in a short-term vacation rental condo can be a rewarding venture with the opportunity to create lasting memories with friends and family. While ROI considerations are important, the current…

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Solo, Strong, And A Home Owner

How Owning A Home Sparks Empowerment for Single Women.

Today, we're breaking down barriers and diving into a topic that's all about the fabulous single ladies on the verge of taking the homeownership plunge, especially here in the breathtaking paradise of Maui. Let's explore how purchasing your own home or condo isn't just a transaction; it's a journey to empowerment, financial freedom, and a serious boost to that already brilliant self-esteem. So, dear future Maui homeowners, let's chat about why you don't need to wait for a partner to start building your dream, your castle awaits in this tropical haven! 

Single female homeownership is not a recent phenomenon; studies reveal that women have been outpacing…

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