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A new study shows that Sotheby’s International Realty is the most trusted residential real estate brokerage in the nation.

The study, which was conducted by Lifestory Research, was based on nearly 6,300 opinions collected over a year period across the country. Data was gathered by people submitting anonymous opinions about whether they trusted the businesses they interacted with.

“Sotheby’s International Realty produced the highest score,” according to the study.

Source: Lifestory Research 2018 America’s Most Trusted® Study

After comparing the results to other organizations of similar size, the study found that Sotheby’s International Realty is the most trusted real estate brokerage in America.

The rank order of trust of the brands were:

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There are 2 types of properties in Hawaii - fee simple and leasehold.  It is very important to know the difference.  You are familiar with fee simple as its probably what you own now. This means you own your home/condo and the land under it.

Leasehold is a bit more complicated.  In a condominium complex that is leasehold you own your unit, others in the complex of course own their units, and collectively you own the building.  However, you don’t own the land under the building.  Someone else owns it and each month you pay that owner a lease payment.

Over the term of the lease your monthly lease payment is usually renegotiated every 10 years.  There will be terms in the lease that describe how and when the lease payment amount is to be renegotiated.

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In Hawaii AOAO fees - (also know as maintenance, strata or HOA fees) are a part of condominium life.  AOAO which stands for Association of Apartment Owners.  In Hawaii, every condominium development is required to have an AOAO (Association of Apartment Owners).  The association is comprised of the condo owners who are responsible for running and maintaining the condominium complex.  So, when you become an owner, you get a vote in how the complex is managed and you have some responsibility for maintaining the property.

With AOAO fees, you need to know not just how much you have to pay, but what do you get for your money, i.e., what is paid for by the AOAO, what are the extra costs that come out of your pocket, are there any assessments pending (and how

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Its very important to know your credit score and obtaining a recent copy of your credit report.  You want to make sure all the information listed on your report is accurate and work to correct any mistakes. The higher your credit score, the more likely you will be to receive a better interest rate for your mortgage, which will translate into more ‘home for your money.’

Many potential buyers believe that they need a 750 FICO® Score or higher to be able to purchase a home. The truth is that according to Ellie Mae’s Origination Report, over 53% of loans were approved with a FICO® score under 750 last month!

Here are some tips for improving your credit score:

  • Make payments, including rent, credit cards, and car loans, on time.
  • Keep your
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Aloha,

Memorial weekend…the unofficial start of summer. BBQ’s, picnics and family gatherings. During this weekend, be sure to take a moment to remember a Veteran who served to protect us and the great country.

Rates are down a touch this week as the 10-year treasury yields eased. Since it is Memorial Day, I wanted to remind you the benefits of a VA Loan.

  1. No money down
  2. Lender or seller credit for costs so Veteran brings in zero dollars to close
  3. Unlimited loan amounts. Did you know that? We just funded a $2 million VA loan.
  4. Higher qualifying ratios allowed.
  5. Detached condos don’t need to be approved by VA like regular condo projects
  6. A Veteran with a disability of 10% or more will not have a funding fee.
  7. A Veteran can you their
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