 Kauai Real Estate Articles The following articles are provided for buyers and Kauai Real Estate buyers and sellers. Learn about current trends and pertinent real estate information here. If you have any questions about these articles please contact Carol Cummings. At
the beginning of 2009, the United States Department of Treasury announced
the “Making Home Affordable” Program. The program basically
consisted of 2 separate programs the Home Affordable Refinance
Program and... Have you ever served in any branch of the United States Armed Forces, Selected Reserves, or National Guard? Whether one is planning to take advantage of the current Buyer’s real estate market, wanting to refinance an existing loan, or hoping to receive the 2009 First Time Buyer’s $8,000 Tax Credit, the Veteran’s Affairs Guaranteed Loan may be the way to go! Have you met Fannnie and Freddie and do you know how they can help you in the event you are having trouble meeting your mortgage obligations?
The New & Improved First-Time Homebuyer Tax Credit
In a previous article I shared how the “Housing and Economic Act of 2008” provided first-time home buyers up to a $7,500 tax credit for homes purchased after April 8, 2008. The credit was 10% (ten percent) of the price of any home purchased in the United States, with a maximum credit of $7,500 for a single taxpayer or married couple filing jointly. Oh What a Relief It Is?
To respond to the depressed real estate/mortgage industries and record loan defaults across the nation, our federal government decided it was time to slow the bleeding with the passage of H.R. 3221, the “Housing and Economic Recovery Act of 2008.” The Act passed the House on July 23, was approved by the Senate July 26, and signed into law by President Bush on July 30, 2008. In Distress?
On June 3, 2008, the state of Hawaii “Act 137: Mortgage Rescue Fraud Prevention Act” was signed into law by Governor Linda Lingle. The state legislature and governor feel this law will protect Hawai`i homeowners from individuals who prey on distressed property owners. Tax Assessment Appeal - All Are Not Created Equal
As prices on Kauai have been “adjusting” down during the past couple of years, today’s County of Kauai real property assessments now far exceed the asking price for many listings currently on the market. Real Property Exemption Reminder
Presently, exemptions offered are deducted from assessed values, and hence, reduce taxes due on owner occupied residences. The basic home exemption is $48,000. There are multiple exemptions for home owners over 60 years of age, and increased again for owners over 70. Other exemptions are provided for totally disabled veterans, owners with disabilities, and owners meeting... Kauai Real Estate Appraisals
In these times of a “fairly healthy” real estate market on Kaua`i, how does the appraisal affect a sale? Most of the offers to buy real estate in Kauai, Hawaii include contingencies, or conditions that must be met before the sale can close. What are easements, right-of-ways, and encroachments? How do they affect Kauai real property?
Adjusting with the Times
Over the past year, we have shared news about the Kauai real estate market “correcting” & prices no longer sky rocketing. Does this mean you will be unable to sell your Kaua`i property? Not at all!!!! Here are some strategies to consider... Alphabet Soup
Ever received a business card from a real estate professional and wondered what all those letters stood for? Here’s a guide to some of the main players in the real estate letter game... If you are a property owner on Kauai, you received the “NOTICE OF PROPERTY ASSESSMENT-2007” via USPS mail. Therefore, this is a great time to review Kaua`i’s real property tax procedures.
A "Senior" Moment
As a proud member of the “Baby Boomer” generation, I have recently had to give some thought regarding, not only the needs of my husband and me, but issues related to my parents, who are now super seniors. The Ins and Outs of Condo Buying
You have researched real estate prices on Kaua`i, are downsizing, or have a busy lifestyle, and have decided that maybe a condo may be a better investment than a single family residence. What are the “in and outs” of a condo purchase? Here are a few pointers... FICO - It's a Score!
There has been a lot in the news lately about the nationwide mortgage “crisis”. What does this all mean for buying and selling Kauai real estate? Interest Rate vs. Price
So, you’ve heard prices are “down” on the Garden Island of Kauai, and you are not sure whether you should “wait and see” if the prices plunge further, or buy now to take advantage of current interest rates. How do you decide? Cesspool, septic system or sewer?
Sewage disposal. Probably not the most pleasant subject, but nonetheless, a very important component of home ownership. To keep the subject simple, there are basically three types of waste disposal for residential properties on Kauai…. If you became a Kaua`i property home owner this year, or if you own your home but have never applied for a Kaua`i County Homeowner’s exemption, you have until the end of this calendar year to file an exemption request with the real property division.
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Lihue Office 2970 Kress Street Lihue, Kauai, Hawaii 96766 Telephone (808) 245-1651 Toll Free (800) 645-1651 Fax (808) 246-0230
Site Map