Real Estate Information Archive

Blog

Displaying blog entries 1-2 of 2

Interviewing a Mover

by John Riggins

Interviewing a Mover

Mover 250.jpg“I’d wish I’d know that before I made a decision.”  If you’ve ever regrettably said this to yourself, having a checklist might have prevented the issue in the first place.  This list of questions can provide you with things to discuss when interviewing a moving company.

Fees

  • What is the charge for packing?
  • Does it include boxes? If not, what do they cost and will you deliver them?
  • Is there an additional charge to deliver some items to a storage unit?

Insurance

  • How is a damage claim handled? 
  • What insurance do you provide and is there a cost? 
  • Does the insurance cover items packed by the owner? 
  • Can additional insurance be purchased? 
  • If items are covered by my Homeowner’s insurance, whose insurance pays first?

Unusual Items 

  • Can you ship my car(s)? Will they be in the moving van or towed? 
  • What are the charges for shipping cars, lawn tractors, etc? 
  • What items cannot be shipped? 
  • If a shuttle truck is needed because of the location of my house or size of the drive way, is there an additional charge? 
  • If packing and loading are on different days, can you leave the beds and other basics out for us to use?

Dates 

  • What dates are available for our move?
  • What date will you pack and how long will this take? 
  • What date will you load the van? 
  • What date will the van arrive at my new location? 
  • If my new home is not ready for delivery, how many days can it be delayed before there is a charge? 
  • What is the charge for additional days or weeks?

Terms 

  • Are there any additional fees that I’m responsible for that have not been discussed? 
  • What are the terms of payment? 
  • Is a down payment required? 
  • When will the balance be due and who is authorized to accept it?

 

A Home is More Than an Address

by John Riggins

iStock_000006174018XSmall.jpgA Home is More Than an Address

A home is a place to call your own, raise your family, share with your friends and feel safe and secure. It is also one of the largest investments most people have.

Leverage is the ability to control a larger asset with a smaller amount of cash through the use of borrowed funds. It has been described as using other people’s money to increase your yield and it applies to homeowners and investors alike. Positive leverage causes the yield to increase as the loan-to-value increases. 

Even a modest amount of appreciation combined with the amortization of a loan can cause a substantial rate of return on the down payment and closing costs.

Homes build equity as the price goes up due to appreciation and the unpaid balance goes down due to amortization. 

Leveraged Investment.png

 

 

 

 

 

The example above indicates the yield on a home considering 3% acquisition costs on the home with a 4.5% mortgage rate and the resulting equity at the end of five years. The different down payments will affect the yield based on the leverage effect. 

Whether you rent or buy the home you live in, you pay for what you occupy. The question a person is faced with is whether they are going to buy it for themselves or their landlord. Take a look at the cost of Renting vs. Owning.

Displaying blog entries 1-2 of 2

Contact Information

Photo of John Riggins REALTOR RB11175 Real Estate
John Riggins REALTOR RB11175
John Riggins Real Estate
1003 Bishop Street, suite 2700
Honolulu HI 96813
808.523.7653
808.341.0737
Fax: 888.369.3210