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John Riggins's Blog

John Riggins

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Displaying blog entries 201-210 of 243

Targeting the Mortgage Interest Deduction

by John Riggins

Targeting the Mortgage Interest Deduction

 

"I Do" Want a Home: Gift Registry

by John Riggins

"I Do" Want a Home

Forget Macy's and Crate & Barrel. Set up your bridal registry at the bank and use the funds for the FHA down payment on a home. This could be perfect for people getting married who already have their household items and really need help getting into a home.

FHA has had this little known program that allows cash gifts since 1996. Sellers, builders, real estate agents or anyone with a financial interest are restricted from making a gift contribution. It's not difficult to set up and it's available with any FHA lender.

  1. Inform your mortgage professional early of your intention to obtain all or part of your down payment from gifts to the FHA homeowner bridal registry.
  2. Open a savings account at your bank named "bridal registry account"
  3. Friends and family are given account deposit information

Gift registries are commonplace and really benefit both the giver and recipient. Etiquette websites like Emily Post state that alternative registries are acceptable. Couples are now suggesting to friends and family that they want help with their honeymoon, education or furnishing a home.

Interestingly, this program is not limited to people intending to be married. It is available for other situations where gifts are typically received by individuals. Other occasions could include graduation from college or graduate school.

 

Who Represents You?

by John Riggins

In almost every state in the U.S., buyers have the option of being represented by their real estate agent. This relationship creates responsibilities that require the agent put their client's interests above their own.

The duties a buyer or seller can expect to receive among others are honesty, accountability, full disclosure, representation and reasonable skill and care. In a nutshell, the agent who represents you is working in your best interest.

It's a special relationship that doesn't exist with most of the other professionals involved in a real estate transaction. Mortgage and title officers are limited to their duties of honesty, accountability and specific requirements under the Real Estate Settlement and Procedures Act.

This special relationship with your real estate agent makes it advantageous to have them coordinate your efforts with the other professionals in the home buying process. Since most buyers' and sellers' transactions are infrequent, the agent can bring valuable experiences to the transaction.

A Residential Finance Consultant is trained and has special tools to help you make better decisions when you buy or sell and in between. Our goal is to help you improve and maintain the investment in your home so we can earn the right to be your lifelong real estate professional.

 

Recycle Christmas Trees on Oahu

by John Riggins

Recycle Christmas Trees on Oahu

Anyone on Oahu who took part in having a Christmas tree adorn their home has an opportunity to reduce the load at the landfill and take part in recycling his Christmas tree.  Christmas has come and gone and while some people have already taken the decorations off of their trees and removed them from their homes, others will do so after the New Year.

Regardless of when you take your tree out of yourOahu home making the effort to recycle it will not only lessen the impact on Oahu’s landfills but will also enrich the environment across the Hawaiian island.  The trees will be ground into chips and mulch to be in landscaping all over Oahu.

Curbside recycling of your tree, as well as recycling of other yard wast, takes place all year round on Oahu.  In addition there are seven convenient drop-off locations where trees can be dropped off for free, seven days a week from 7 a.m. until 6 p.m.

Drop-off locations are:

  • Ewa, Geiger Road, near gate to Barbers Point NAS, (808) 226-2996
  • Laie, behind the City’s Laie Corporation Yard, (808) 293-8714
  • Wahiawa, intersection of Kamananui Road and Wilikina Drive, (808) 621-3648
  • Waianae, off Plantation Road, next to the Waianae Landfill, (808) 696-4203
  • Waimanalo, Hihimanu Street near the sewage treatment plant, (808) 259-7182
  • Waipahu, Waiphau Depot Road, near the Police Academy, (808) 676-8878
  • Kawailoa, Kawailoa Road, (808) 637-5511

Two additional drop-off locations are:

  • Hawaiian Earth Products Leeward (Campbell Industrial Park), M – F, 7:00am to 3:30pm, Sat, 7:30am to 3:00pm, (808) 682-5895
  • Hawaiian Earth Products Windward (Kailua), 7 days a week, 7:00am to 4:30pm, (808) 261-5877

Start the New Year off on a green foot and recycle your tree!

For more information about Kapolei Real Estate please contact John Riggins, Certified Distressed Property Expert. Click here for access to the Oahu MLS and all available listings in the Kapolei area.

Oahu Foreclosures Decrease, More to Come

by John Riggins

Oahu Foreclosures Decrease, More to Come

Oahu foreclosures decreased in November but more are expected to come.  The dip seen in foreclosures in November is attributed to the closer scrutinizing that has been demanded of the banks, but as closer examination failed to halt the foreclosure process many were released and hit the market earlier this month.

The number of Kapolei foreclosures stem from the origins of purchase, when many people purchased homes that were on the edge of their budgets.  A decline in tourism that has been felt from a national economic crisis has affected nearly everyone’s budget and Kapolei is no exception.

Foreclosures on Oahu are expected to continue to come in part because lending practices have become stricter and people are having a much harder time refinancing.  As employment figures improve and the economy picks up, real estate will continue on its shaky road to recovery.

Please contact me today to learn more about Oahu foreclosures.  I can help you avoid foreclosure.  As a Certified Distressed Property Expert (CDPE) I have the knowledge and experience you need to help face these tough times.

For more information about Kapolei Real Estate please contact John Riggins, Certified Distressed Property Expert. Click here for access to the Oahu MLS and all available listings in the Kapolei area.

Is It Time to Invest in Kapolei Real Estate?

by John Riggins

Is It Time to Invest in Kapolei Real Estate?

Is it time to invest in Kapolei real estate?  It is always hard to perfect timing, after all, when it comes to examining when to invest money in anything, whether it be real estate or the stock market, hindsight is always 20/20.  The fact is buying low and selling high is the key to maximizing profits and there are many great opportunities in the Kapolei real estate market today.

If you know what you are doing buying aKapolei foreclosure property or short sale property can present a fantastic real estate investment.  The process of buying a short sale or foreclosure can be lengthy and complicated but in the long run it could be worth the headache.  Whether you want to invest in Kapolei real estate by buying a home, living in it, and selling it one day, or buying a property to rent out, over time real estate has typically proven to be a prudent investment for many people.

Contact me today to learn more about investing in Kapolei real estate.  As an experienced Kapolei Realtor I make it my mission to know what is going on with our real estate market and am familiar with what properties provide the best investment opportunities.

For more information about Kapolei Real Estate please contact John Riggins, Certified Distressed Property Expert. Click here for access to the Oahu MLS and all available listings in the Kapolei area.

Kapolei Short Sale Experience Involves Patience

by John Riggins

Kapolei Short Sale Experience Involves Patience

The Kapolei short sale experience involves patience as the process can be a lengthy one.  In a foreclosure the bank is the owner of the property, in a short sale the homeowner is still in the process but the sales price is subject to the bank’s approval. The bank takes its time to analyze each short sale, to make sure that the Kapolei property is not subject of fraud and to make sure that it is better off selling short than foreclosing.  In essence both the buyer and the seller in a Kapolei short sale situation are at the lender’s mercy.

The bank has up until the day of closing to change their mind, a frustrating element of a short sale.  It is very helpful for offers to be as close to the fair market value of the Kapolei real estate in question as possible.  The entire short sale process can run much more smoothly when using a Kapolei Realtor that has experience with short sales.

Contact me today to learn more about the short sale process.  Whether you are a buyer or seller, being armed with knowledge is your best tactic when involved in the process of a Kapolei short sale.

For more information about Kapolei Real Estate please contact John Riggins, Certified Distressed Property Expert. Click here for access to the Oahu MLS and all available listings in the Kapolei area.

Great Time to Invest in Kapolei Real Estate

by John Riggins

Great Time to Invest in Kapolei Real Estate

t is a great time to invest inKapolei real estate.  For those who have money and are looking to invest, real estate has proven to be a wise choice over the years.  Those who bought at the peak of the market and have had to sell during the lows would clearly disagree, but if you buy a property that you can afford there couldn’t be a better time.  Kapolei is a growing area, one which is still seeing development in respect to both residential and commercial.

The best chance of securing a good long term return is the ability to invest when you can buy low and sell high.  In addition, the value of a Kapolei real estate investment, as opposed to the stock market, is that you can rent it and cover some of your costs during the period that you own it.  You can’t rent out a stock portfolio, and renting out a Kapolei property for even a portion of your costs is better than seeing no income at all.

Contact me today to learn more about Kapolei real estate and our growing area.  I have access to all properties currently listed for sale and can help steer you through the short sale and foreclosure process as well.

For more information about Kapolei Real Estate please contact John Riggins, Certified Distressed Property Expert. Click here for access to the Oahu MLS and all available listings in the Kapolei area.

Selling Kapolei Real Estate? Keep Your Home Listed During Holidays

by John Riggins

Selling Kapolei Real Estate? Keep Your Home Listed During Holidays

If you are selling Kapolei real estate you may be wondering whether or not to keep it listed during the holidays. While it may seem inconvenient to keep your home on the market during a busy time of year, if you are trying to sell your home it cannot sell while off the market. The holidays are a time when many people take off from work and are able to look forKapolei property.

While there may not be a lot of people looking for real estate over the holidays it is important to remember that on Oahu the holidays represent high visitor numbers and many visitors end up buying Oahu real estate. Home and family are an important focus of the holidays and many people feel the urge to look for homes at this time of year.

If you are worried about selling your home during the holidays talk to your Kapolei Realtor. He may have some great ideas for how to make selling your home during the holidays less stressful.

For more information about Kapolei Real Estate please contact John Riggins, Certified Distressed Property Expert. Click here for access to the Oahu MLS and all available listings in the Kapolei area.

Tonight Demonstrates Holiday Spirit in Kapolei

by John Riggins

Tonight Demonstrates Holiday Spirit in Kapolei

Tonight demonstrates the holiday spirit inKapolei with Kapolei City Lights, an annual event where the Kapolei Christmas tree lights up for the first time of the holiday season.  It is a magical time of year when kindness and good will permeates the air and Kapolei City Lights is where it all begins on the leeward side of Oahu.  The festivities kick off at 5 p.m. with food booths, games for the children and entertainment.

This is the 10th annual Kapolei City Lights, a tradition born to celebrate Christmas and community.  There will be a parade at 6:00 p.m., the lights will be turned on by Mayor Carlisle at 7:45, and the entire event will be capped off by a fireworks display at dusk.  If you want to experience the best of living in Kapolei, Head over to Uluohia Street, in front of Kapolei Hale, and kick off the holiday season right by taking part in Kapolei City Lights!

Click here to learn more about Kapolei City Lights.

For more information about Kapolei Real Estate please contact John Riggins, Certified Distressed Property Expert. Click here for access to the Oahu MLS and all available listings in the Kapolei area.

Displaying blog entries 201-210 of 243

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