Hawaii Randy's Real Estate Opinions

Agents Who Represent Themselves May Have a Fool for a Client

I have noticed a pattern of behavior among several real estate agents that makes me think representing yourself can be a bad idea.  I know attorneys and doctors use other professionals to represent themselves and maybe we should consider that in our industry as well.

It seems that all logic goes out the window when some agents handle the sale of purchase of their own property. 

I have seen listing agent owners who:

  • Overprice their homes.
  • Under advertise it.
  • Do not clean them.
  • Restrict showing appointments.
  • Do not answer their phones.
  • Don't put pictures in the MLS.
  • Misrepresent the properties.
  • Have unpermitted work done.
  • Are generally difficult to deal with if in escrow.

Agent buyers who:

  • Shoot low ball offers.
  • Make offers that are mortgage fraud.
  • Are unreasonable at the time of the inspections.
  • Don't return phone calls or messages.
  • Don't follow the time line.

It is amazing at times to see an agent who is generally considered to be a top professional, do things they would never allow a client to do.  When their own money is on the line they turn from Dr. Jeckle to Mr. Hyde.

Just something to think about.

99 commentsRandy L. Prothero - Hawaii REALTOR® • September 28 2008 03:00PM

Great Kapolei Corner Home For Sale

Kapolei - Corner Home

  • Kekuilani Palms  MLS No.  2814914
  • 91-1011 Ipolani St. -  Kapolei, HI  96707

This lovely home has a security alarm, split air conditioning, a modern kitchen with upgraded appliances, and upgraded high end front loading washer and dryer on pedestals. 

  • 2 bed / 2 bath/ 2 car garage
  • Large dining area, 990 sq/ft living,
  • 3052 sq/ft land, 401 sq/ft. carport
  • Built 1994, Taxes $84/month,
  • Community Assoc. $44/Month
http://www.kapoleihome.com/

 

http://www.kapoleihome.com/
2 commentsRandy L. Prothero - Hawaii REALTOR® • September 28 2008 12:00AM

Buy or Sell Real Estate on Oahu or Just Wait?

This is the question on many people's minds.

Here is a few of my observations. 

  1. Oahu prices are fairly stable compared to most parts of the country.  We have seen a slight slippage overall in median prices.  A few areas have seen larger drops like Ewa Beach, which has short sales, foreclosures and developers in the area competing with resale homes.  Areas like Kahala have seen price increases.
  2. Although sales units are down, homes are still selling if priced correctly and in proper condition.
  3. Interest rates are fairly low.  Immediately after the Freddie and Fannie announcement, rates took a quick dip and are still down.
  4. We live on an island.  There is only so much real estate available.
  5. We are looking like a great place for out of state investors.

If you have been waiting for the bottom or are nervous about the lending industry, you may want to make a move soon.

Our market real estate prices seem to be somewhat stable.  Mortgage money is available and at pretty good rates.  We do not know how long that will be the case.  The lending industry is changing daily.  Anyone who predicts what will happen is crazy or being dishonest.

If you are thinking of selling your home, interest rates are down and buyers can buy.  You will be competing with many others so pricing and condition are very important.

If you are thinking about buying, there is a good selection of inventory and the lower interest rates will allow you to buy more for less.

In any case this is a time of change and working with top professionals is a must if you are looking for success.  You want a real estate agent who is experienced and an expert in that community.  You want a loan officer who is good at what they do.  I personally prefer working with the funding lenders.  That is an entire blog post of its own.

If you are a buyer, mine and most REALTORS® services are normally free to you, so get the best you can find.  If you are a seller, I and most top REALTORS® will give you a free evaluation of your home and make recommendations for getting it ready for sale.

Times are a little uneasy, but there are many opportunities out there.

24 commentsRandy L. Prothero - Hawaii REALTOR® • September 23 2008 04:29AM

Give the Facts, But Not Too Many Details

I was reading a post from WooHoo Celeste "Sally Cheeseman today.  Professional Attitudes & Behaviors Online.

She discussed what we write about other agents.  It made a real good point.  Some agents post comments on the blogs about other agents, naming names and/ or companies in a negative light.

I feel strongly that this is totally wrong and a violation of our Code of Ethics (COE).  I feel it is perfectly acceptable to discuss behaviors and business practices openly as long as we leave off names.  I also get concerned when agents discuss things about their clients in a similar manner, especially when they include pictures of their homes that make it clear who they are speaking about.

Have you ever heard the words "law suit" or "ethics complaint"?  If you are writing and posting these kinds of details, get ready for your day to get a lot worse.  Once that attorney contacts you or the Board of REALTORS® your day is not going to get any better than it is at that moment.

If you feel like ranting, use a little judgment and common sense.  Discuss behaviors, professional standards and ethical behavior.  Leave off names and details that point out individuals are companies.

What you write tdayo will be floating around in cyberspace for many years.  Just remember "anything you say can be used against you."

47 commentsRandy L. Prothero - Hawaii REALTOR® • September 16 2008 03:03PM

Hawaii State Chess Championships This Weekend

HCF LogoThe 2008 Hawaii State Open Chess Championships will be held this weekend at the Outrigger Ohana East Hotel.  Even if you are not playing you are welcome to come as a spectator.  they will also be practice games going on.  See you this weekend!

 

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Single section tournament...everyone's competing for first place!*

*Hawai'i residents only eligible for title of "champion"

Hawai'i State Championship

USCF membership required; available at the door or, at a discount, https://secure.uschess.org/webstore/index.php (be sure to bring your USCF membership card or something that includes your ID number)

  • 5 Round Swiss
  • Time Control:         All rounds at G/120.
  • EF:                       $30 if rec'd by 8/27, $40 thereafter. Jrs. $5 less.
  • Registration:         (Sat. 8/30)       8:00am - 8:45 am
  • Round Times:         (Sat. 8/30)       Round 1: 9:00 am (accelerated pairings)
  •                                                   Round 2: 1:30 pm  (accelerated pairings)
  •                             (Sun. 8/31)      Round 3: 9:00am
  •                                                   Round 4: 1:30pm
  •                             (Mon. 9/1)       Round 5: 9:00am

Up to two half-point byes permitted if requested prior to beginning of Round 3.)

 Bring boards, sets and clocks none will be provided / you must know how to set your clock / you must keep score /

you must bring your own writing instrument (or MonRoi device) to use in keeping score / embedded electronic receiving devices are expressly prohibited / cell phones must be turned to silent, off or vibrate / TD reserves the right to involuntarily and without notice, consistency or refund withdraw anyone from the tournament for cheating, arguing with the TD or talking too loudly...these rules notwithstanding, everyone should have fun!

Checks/Entries payable:

  •  
    •  
      •  
        •  
          • Hawai'i Chess Federation
          • c/o Larry Reifurth
          • 1572 Kaminaka Drive, Honolulu, Hawai'i 96816
            (808) 225-0599
          • E-mail: larry@hawaii.rr.com
16 commentsRandy L. Prothero - Hawaii REALTOR® • August 28 2008 05:19PM

Some of the More Annoying Phrases in Real Estate

Here are a few of the ones that I could live without.

  • The signs that say "We Buy Homes"
    • Liars
  • 100% Commission
    • Get serious, you have to make money somehow.  How about a bunch of other fees?
  • #1 or Best Agent
    • I know a 100 of you.  You can't all be #1
  • FSBO
    • That is "For Sale by Owner."  Stop trying to dehumanize someone who tries to sell their own home.  Most will not be successful and will need an agent.  It will probably be one who did not talk down to them.
  • Priced to Sell
    • Thank God, I hate the ones that are priced not to sell.
  • Motivated Seller
    • The others don't want to sell their homes?
  • Will consider all offers
    • How about $5.00?  The guy at the get rich quick seminar said I can buy them for that.  It only cost me $2995.00 to learn how.
  • Cute Home
    • Admit it, it is tiny.
  • A Charmer
    • Bring on the Cobras.
  • A one of a Kind
    • Why did they stop making them like that?
  • Must See!
    • What will happen if I close my eyes?
    • How does it smell?
  • Don't Miss This One!
    • Hmm, I bet it is a must see.

Feel free to add a few of your own favorites.

88 commentsRandy L. Prothero - Hawaii REALTOR® • August 25 2008 04:59PM

Waipio Gentry Wins Little League World Series!!!

The amazing youngsters from Hawaii are the 2008 Little League World Series Champions!

How could they top the amazing game on Saturday where they entered the last inning down 5-1 to lake Charles, Louisiana.  The Hawaii team then put on a hitting clinic with a six run rally to win 7-5.  I was jumping out of my chair cheering.  It was better than watching the Olympics.

Well they found a way top that by beating Mexico 12-3 in the final game.  Good pitching and great hitting made the difference for them in the series. 

There were many great moments in the series.  The one we will all remember was in the game against Mill Creek, Washington when Lolani Akau pinch hit a home run.  What made this amazing was he got hit by a pitch in the opening game and had a fracture in his elbow.  He will have stories to tell his grandchildren about that amazing home run.

We are all so proud of the team for not only winning but by showing wonderful sportsmanship throughout the tournament and representing Hawaii so proudly.

Congratulations to the team, the coaches and the parents for doing such a wonderful job of preparing these terrific young men.

**For those who didn't know our Hawaii team from Ewa Beach won the Little League World Series in 2005.

15 commentsRandy L. Prothero - Hawaii REALTOR® • August 24 2008 09:14PM

Electronic Lock Boxes Have Arrived in Honolulu County

We are finally receiving our SentriLock, REALTOR® Electronic Lockboxes.  Next week I will be receiving delivery and training on the long awaited devices.

This will give us more control over who is accessing our listings, while keeping a log od its use.  When an agent makes a showing appointment and does not show up we will have a log.  If they come back later, yup it will be in the report.

This new system will give sellers more peace of mind.  it will also improve the process for showing listings.

In the last month I had three closes of listings where the agents gave my code to their clients to let them get in on the closing day, rather than going out and presenting them the key.  In one case the buyer took my box and I had to demand their agent get it back.  I had to change the codes on my other listings now that my code was shared so freely.

Now that will be a problem of the past.  Agents will need a smart card and a pin number to gain access.  If I agree to let their clients enter, I can issue them a one day code that will allow them in that day only and they will not be able to remove the box.

The agents who have not bought into the system will find they will be behind the rest of us and soon their clients will be demanding they get up to date.  The smart card will also serve as our Board of REALTORS® identification card in the future.

Once I get them on my listings I will post an update of how the conversion is going.

11 commentsRandy L. Prothero - Hawaii REALTOR® • August 22 2008 11:32PM

Mililani Trojan Football is Here Again

Mililani High School Trojans

 

Tomorrow the Division Champion Mililani High School Trojans will face private school powerhouse St. Louis Crusaders in a pre-season game at Mililani Stadium.

The JV teams take the field at 4:00pm followed by the varsity game at 7:00pm.  Head Coach Darnell Arceneaux has been training the Trojans exceptionally hard and has them ready for this extremely tough opponent.  We are all looking forward to an exciting season.

The season roster and schedule is posted on the team's website.  http://www.MililaniFootball.com

GO TROJANS!

6 commentsRandy L. Prothero - Hawaii REALTOR® • August 22 2008 06:29PM

It is Hard to Tell Sellers All of the Truth

Scenarios:

  • You the REALTOR®, you walk into a potential listing and the home has a few (hundred) too many items in the house.  What do you say to the seller?
  • The seller wants $75,000 more than the home is worth.  Do you tell them the advice they got from their hairdresser neighbor or uncle from another town is a mile off?
  • The house is dirty, messy and has a bad smell (Big Dog).  Do you say lovely home, I am sure it will sell fast or do you tell it to them straight?
  • The orange bathroom walls and hot pink bedroom carpet is not going to be popular among buyers.  Do you say lovely choice of colors or do you talk about neutralizing?

These are among some of the basics we as REALTORS® deal with on a daily basis.  If you are a professional, you need to be honest and tell them the truth up front.  You also need to be diplomatic and not hurt feelings or insult anyone.  You are speaking about their home.  You are however an expert and they brought you in to help them, not stroke their ego.

Being professional includes preparing clients for the process ahead and keeping them informed.  I tell clients I would rather tell them the truth up front and not stand in front of them three months from now making lame excuses.  A true test of a professional is you ability to say no without insulting someone.  Most people understand no.  What really makes them angry is being mislead and later having to deal with the damages.

We are dealing with the most expensive item in their lives in most cases and we need to treat it as such.

To address clutter, I discuss making the space look as big as we can.  I also talk about what they loved about the home when they bought it and discuss how we can make the home better show that to potential buyers.  We also need to allow buyers to envision the home with their stuff in it.  If the walls are filled with family pictures and shelves have a ton of collectables they will not be able to place themselves in there.  In some cases bringing in a professional stager may be the solution.  If the seller does not except my advice, they may accept it from a staging professional.

The pet question is a big one.  Many pet owners are immune to the smell.  I delicately discuss that many buyers do not have pets and detect the smell easily.  I also mention that many buyers and/or their children have allergies to pet dander and fur.  Hopefully when I begin the discussion, they pick up on it and make it easier for me.

The loud colors I handle with my famous speech about staging.  I tell sellers there is two ways to stage a home.  We can stage it to live in it and we can stage it to sell.  Staging to sell requires that we neutralized and depersonalize.  I have had a few clients resist by telling my how much they love something.  In the most tactful way I can I remind them they are not going to be living here and we need to prepare it for the new owners.  In most cases the sellers have gone with my suggestions and we have had a successful sale.  In two cases they held their guns and the sell price was less than I felt we might have gotten, and it took longer to sell.  In both cases, I gave my professional advice and then accepted the seller's decision.  It is their home and their choice in the end. 

If sellers are completely unreasonable are not willing to price the home within reason or make any effort to make it sellable, I then do the most professional thing I can.  I do not take the listing.  This is hard for most agents to do, but there are times when you will not be able to help them.

In one case where I rejected a listing, the seller respected me for doing it and agreed to my recommendations.  To this day we are good friends and has not only been a repeat client, but has sent me referrals.

Good luck and good selling!

72 commentsRandy L. Prothero - Hawaii REALTOR® • August 22 2008 04:30PM