February 2018 Email Update

Here is our 02/09/2018 e-mail update. It is sent after the statistics for the preceding month have been posted on the Board of Realtors website. You can find previous newsletters by visiting www.stott.com/news. The January median sales price for single-family homes was $772,000 (5.8% higher than January 2017) and for condos was a record high

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January 2018 E-mail Update

HAPPY NEW YEAR! Here is our 01/10/2018 e-mail update. It is sent after the statistics for the preceding month have been posted on the Board of Realtors website. You can find previous newsletters by visiting www.stott.com/news. Please click here to access our most recently published quarterly newsletter. The Oahu median sales price continues to climb

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October to December 2017 Quarterly Newsletter

The Oahu median sales price continues to climb as supply constraints force buyers to pay more. The median sales price for single-family homes was $750,000 (2.7% higher than December 2016) and for condos was $405,000 (3.8% higher than December 2016) in December. There is currently only 2.1 months of remaining inventory of single-family homes and

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December 2017 E-mail Update

Here is our 12/08/2017 e-mail update. It is sent after the statistics for the preceding month have been posted on the Board of Realtors website. You can find previous newsletters by visiting www.stott.com/news. The November median sales price for single-family homes was $773,500 (3.1% higher than November, 2016) and for condos was $405,000 (2.5% higher

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November 2017 E-mail Update

Here is our 11/10/2017 e-mail update. It is sent after the statistics for the preceding month have been posted on the Board of Realtors website. You can find previous newsletters by visiting www.stott.com/news. The Oahu median sales price in October for single-family homes was $752,000 (1.3% higher than October, 2016) and for condos was $397,500

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July to September 2017 Quarterly Newsletter

Oahu’s median price for single-family homes was $760,000 in September (1.3% higher than September 2016) and for condos matched a record of $425,000 (10.9% higher than September 2016). The number of sales continued to grow in comparison to last year as fence sitting buyers have finally moved forward while supply fails to keep up. Stott

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October 2017 Email Update

Here is our 10/10/2017 e-mail update. It is sent after the statistics for the preceding month have been posted on the Board of Realtors website. You can find previous newsletters by visiting www.stott.com/news. Oahu’s median price for single-family homes was $760,000 in September (1.3% higher than September 2016) and for condos matched a record of

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September 2017 E-mail Update

Here is our 09/08/2017 e-mail update. It is sent after the statistics for the preceding month have been posted on the Board of Realtors website. You can find previous newsletters by visiting www.stott.com/news. The median sales price in August for single-family homes was $786,250 (5.2% higher than August, 2016) and for condos was $419,000 (5.3%

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August 2017 E-mail Update

Here is our 08/10/2017 e-mail update. It is sent after the statistics for the preceding month have been posted on the Board of Realtors website. You can find previous newsletters by visiting www.stott.com/news. The median price in July for single family homes was $750,000 (0.5% higher than July 2016) and for condos was a record

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July 2017 E-mail Update

Here is our 07/10/2017 e-mail update. It is sent after the statistics for the preceding month have been posted on the Board of Realtors website. You can find previous newsletters by visiting www.stott.com/news. Please use the following link to access our most recently published quarterly newsletter: Link The City and County of Honolulu passed a

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April to June 2017 Quarterly Newsletter

Oahu’s median sales price for single family homes set a new record in June. The median price for single family homes rose to $795,000 (4.6% higher than June 2016) and the median price for condos fell slightly $400,000 (1.4% than June 2016). Demand remained strong and the supply continued to be limited. The growth in

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June 2017 E-mail Update

Here is our 06/09/2017 e-mail update. It is sent after the statistics for the preceding month have been posted on the Board of Realtors website. You can find previous newsletters by visiting www.stott.com/news. The median sales price in May for single family homes was $745,000 (3.6% higher than May 2016) and for condos was $406,500

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May 2017 E-mail Update

Here is our 05/11/2017 e-mail update. It is sent after the statistics for the preceding month have been posted on the Board of Realtors website. You can find previous newsletters by visiting www.stott.com/news. The median price in April for single family homes was $712,500 (1.0% lower than April 2016) and for condos was $415,500 (6.7%

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January to March 2017 Quarterly Newsletter

Median sales prices continue to hover in record territory as demand continues to be strong with limited supply. March’s median sales price for single family homes was $752,000 (3.7% higher than March 2016) and for condos was $400,000 (3.9% higher than March 2016). The number of closed sales grew modestly and there are currently only

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April 2017 E-mail Update

Here is our 04/07/2017 e-mail update. It is sent after the statistics for the preceding month have been posted on the Board of Realtors website. You can find previous newsletters by visiting www.stott.com/news. Median sales prices continue to hover in record territory as demand continues to be strong with limited supply. March’s median sales price

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March 2017 E-mail Update

Here is our 03/09/2017 e-mail update. It is sent after the statistics for the preceding month have been posted on the Board of Realtors website. You can find previous newsletters by visiting www.stott.com/news. The February median sales price for single family homes was $755,000 (7.9% higher than February 2016) and for condos was $385,000 (1.7%

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February 2017 E-mail Update

Here is our 02/10/2017 e-mail update. It is sent after the statistics for the preceding month have been posted on the Board of Realtors website. You can find previous newsletters by visiting www.stott.com/news. The median sales prices for both single family homes and condos were essentially flat in comparison to last year. The median price

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October to December 2016 Quarterly Newsletter

The median sales price on Oahu continues to climb as strong demand continues in a market with constrained supply.  The median sales price in December for single family homes was $730,000 (4.3% higher than December 2015) and for condos was $390,000 (1.0% higher than December 2015).  December demand was particularly strong as single family home

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January 2017 E-Mail Update

Here is our 01/10/2017 e-mail update. It is sent after the statistics for the preceding month have been posted on the Board of Realtors website. You can find previous newsletters by visiting www.stott.com/news. Please use the following link to access our most recently published quarterly newsletter: Link The median sales price on Oahu continues to

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December 2016 E-mail Update

Here is our 12/08/2016 e-mail update. It is sent after the statistics for the preceding month have been posted on the Board of Realtors website. You can find previous newsletters by visiting www.stott.com/news. Median prices on Oahu continue to rise due to a lack of inventory. The November median price for single family homes was

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November 2016 E-mail Update

Here is our 11/11/2016 e-mail update. It is sent after the statistics for the preceding month have been posted on the Board of Realtors website. You can find previous newsletters by visiting www.stott.com/news. The October median price for single family homes was $742,000 (3.1% higher than October 2015) and for condos was $396,000 (7.0% higher

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October 2016 E-mail Update

Here is our 10/11/2016 e-mail update. It is sent after the statistics for the preceding month have been posted on the Board of Realtors website. You can find previous newsletters by visiting www.stott.com/news. Please use the following link to access our most recently published quarterly newsletter: Link After more than a decade of waiting for

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July to September 2016 Quarterly Newsletter

Median sales prices on Oahu continue their steady climb, as the supply of available homes remains tight. The median price in September for single family homes was $750,000 (2.7% higher than September, 2015) and the median price for condos was $383,250 (4.7% higher than September, 2015). Affordability appears to be having an impact as the

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September 2016 E-mail Update

Here is our 9/9/2016 e-mail update. It is sent after the statistics for the preceding month have been posted on the Board of Realtors website. You can find previous newsletters by visiting www.stott.com/news. The median price for single family homes in August was $747,500 (6.9% higher than August 2015) and for condos was $398,000 (12.4%

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August 2016 E-mail Update

Here is our 08/11/2016 e-mail update. It is sent after the statistics for the preceding month have been posted on the Board of Realtors website. You can find previous newsletters by visiting www.stott.com/news. Monday, August 8th, was a sad day for family, friends, current employees, and past employees as they said their final farewell to

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July 2016 E-mail Update

Here is our 07/12/2016 e-mail update. It is sent after the statistics for the preceding month have been posted on the Board of Realtors website. You can find previous newsletters by visiting www.stott.com/news. Please use the following link to access our most recently published quarterly newsletter: April to June 2016 Quarterly Newsletter Oahu median sales

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April to June 2016 Quarterly Newsletter

Oahu median sales prices for single family homes and condos surged to new records in June. The median price for single family homes rose to $760,000 (8.6% higher than June 2015) and the median price for condos climbed to $405,500 (19.8% higher than June 2015). Demand remained strong and the supply continued to be limited.

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June 2016 E-mail Update

Here is our 06/10/2016 e-mail update. It is sent after the statistics for the preceding month have been posted on the Board of Realtors website. You can find previous newsletters by visiting www.stott.com/news. Last month’s median price for single family homes was $719,000 (3.0% higher than May 2015) and for condos was $373,000 (0.5% lower

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May 2016 E-mail Update

Here is our 05/9/2016 e-mail update. It is sent after the statistics for the preceding month have been posted on the Board of Realtors website. You can find previous newsletters by visiting www.stott.com/news. Oahu’s median prices continue their steady climb. The median price for single family homes was $720,000 in April (6.7% higher than April,

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April 2016 E-mail Update

Here is our 04/11/2016 e-mail update. It is sent after the statistics for the preceding month have been posted on the Board of Realtors website. You can find previous newsletters by visiting www.stott.com/news. Please click here to access our most recently published quarterly newsletter. The median price in March for Oahu single family homes was

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January to March 2016 Quarterly Newsletter

The median price in March for Oahu single family homes was $725,000 (compared to $700,000 in March 2015) and for Oahu condos was $385,000 (compared to $380,000 in March 2015). Demand for both houses and condos grew about 20% compared to last year and supply shrunk by around 25%. As a result, there is only

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March 2016 E-mail Update

Here is our 03/10/2016 e-mail update. It is sent after the statistics for the preceding month have been posted on the Board of Realtors website.  You can find previous newsletters by clicking here. Please take the time to visit our upgraded company website and new property management website when you get a chance (www.stott.com and

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February 2016 E-mail Update

Here is our 02/11/2016 e-mail update. It is sent after the statistics for the preceding month have been posted on the Board of Realtors website. Median home prices continue to creep upwards as inventory remains constrained.  The median price for single-family homes set a record at $733,500 (8.7% higher than January 2015) and the median

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January 2016 E-mail Update

Here is our 01/12/2016 e-mail update. It is sent after the statistics for the preceding month have been posted on the Board of Realtors website. Oahu’s strong real estate market continues with median sales prices rising and the median sales price for condos setting a new record. December’s single family home median sales price was

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October to December 2015 Newsletter

Oahu’s strong real estate market continues with median sales prices rising and the median sales price for condos setting a new record.  December’s single family home median sales price was $700,000 (1.4% higher than December 2014) and the condo median sales price was $386,250 (6.9% higher than December 2014).  The number of sales, number of

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December 2015 E-mail Update

Here is our 12/9/2015 e-mail update. It is sent after the statistics for the preceding month have been posted on the Board of Realtors website. The median price for single family homes in November was $715,500 (down 0.9% compared to November 2014) and the median price for condos was $347,500 (up 1.3% compared to November

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November 2015 E-mail Update

This is our 11/10/2015 e-mail update. It is sent after the statistics for the preceding month have been posted on the Board of Realtors website. Oahu’s October median price was $720,000 for single-family homes (4.3% higher than October 2014) and $370,000 for condos (4.9% higher than October 2014) as supply remains constrained.  Oahu currently has

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October 2015 E-mail Update

Here is our 10/12/2015 e-mail update. It is sent after the statistics for the preceding month have been posted on the Board of Realtors website.  We have included a link to our Q3 2015 Quarterly Newsletter. Please click here to go to the newsletter. Oahu’s median sales price for single family homes set a new

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September 2015 E-mail Update

Here is our 9/10/2015 e-mail update. It is sent after the statistics for the preceding month have been posted on the Board of Realtors website. The median sales price on Oahu continues to hover near all-time highs as supply remains relatively constrained.  The August median price was $699,000 for single family homes (7.5% higher than

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October – December 2015 Mixed Plate of Talk Story

The Hawaiian goddess, Pele, continues to toy with the town of Pahoa like a cat with its prey.  The lava flow from Kilauea resumed its slow march toward the town after the lowest portions of the lava flow stalled in November.  Malama Market, Ace Hardware, and Lex Brodie’s Tire Company have moved their inventory from

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August 2015 E-mail Update

Here is our 8/10/2015 e-mail update. It is sent after the statistics for the preceding month have been posted on the Board of Realtors website. Oahu’s median sales prices continue to remain in a narrow band near record levels.  The median price for a single-family home was $710,000 in July (a 3.9% increase over July,

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July 2015 E-mail Update

Here is our 7/10/2015 e-mail update. It is sent after the statistics for the preceding month have been posted on the Board of Realtors website. Oahu’s June median sales prices in March were $700,000 for single family homes (same as June 2014) and $338,500 for condos (6.0% lower than June 2015).  Sales price increases remain

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July to September 2015 Newsletter

Oahu’s median sales price for single family homes set a new record of $730,000 in September (7.6% higher than September 2014) and for condos was $366,000 (5.5% higher than September 2014).  Demand for both single family homes and condos remained robust while available inventory grew slowly.  With single family homes having only 3.2 months of

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June 2015 E-mail Update

Here is our 6/11/2015 e-mail update. It is sent after the statistics for the preceding month have been posted on the Board of Realtors website. The May median sales price was $698,000 for single family homes (2.3% higher than May 2014) and $375,000 for condos (5.6% higher than May 2014).  Demand was essentially flat compared

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May 2015 E-mail Update

Here is our 5/8/2015 E-Mail Update. It is sent after the statistics for the preceding month have been posted on the Board of Realtors Website. The Oahu real estate market continues to plug along at a solid pace.  April’s single family home median sales price was $674,900 (compared to $648,000 in April 2014) and April’s

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April to June 2015 Newsletter

Oahu’s June median sales prices in March were $700,000 for single family homes (same as June 2014) and $338,500 for condos (6.0% lower than June 2015).  Sales price increases remain relatively tame even though inventory remains tight and demand was strong.  There is currently 3.2 months of remaining inventory for single family homes and 3.5

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March 2015 E-Mail Update

Here is our 3/10/2015 E-Mail Update. It is sent after the statistics for the preceding month have been posted on the Board of Realtors Website. To be removed from the mailing list; send us an e-mail stating that. Please include your first and last name to make it easier for us to find you in

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February 2015 E-Mail Update

Here is our 2/9/15 E-Mail Update. It is sent after the statistics for the preceding month have been posted on the Board of Realtors Website. To be removed from the mailing list; send us an e-mail stating that. Please include your first and last name to make it easier for us to find you in

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January 2015 E-mail Update

Here is our 1/14/15 E-Mail Update. It is sent after the statistics for the preceding month have been posted on the Board of Realtors Website. To be removed from the mailing list; send us an e-mail stating that. Please include your first and last name to make it easier for us to find you in

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January – March 2015 Newsletter

Oahu’s March median sales prices were $700,000 for single family homes (6.5% higher than March 2014) and $380,000 for condos (8.6% higher than March 2014) as the strong seller’s market continues.  Inventory continues to remain historically tight with the single family home market containing 2.7 months of inventory and the condo market containing 3.4 months

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Converting a Second Home Into a Principal Residence

This can be a very useful investment tool to an investor that wants to pull cash out of their real estate without having to pay sizable taxes. There are a number of factors that are used to establish a principal residence such as:  (1) the length of occupancy; (2) the location of employment; (3) the

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How to Wreck Your Credit Score

The following information appeared in the Wall Street Journal April 9-10, 2011: Don’t underestimate the harm that even one missed mortgage can do to your credit score. The severe consequences underscore that you shouldn’t shrug off even an accidentally missed payment. Instead, you should pay it and call the lender right away, begging forgiveness before

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Beware of Reverse Mortgages

The following article appeared in the October 25, 2009 issue of the Parade Magazine Sunday Newspaper Supplement: Increasingly, strapped U.S. homeowners are opting to take out a “reverse mortgage,” a loan against a house’s value that is repaid when the borrower dies or sells the property. The number of federally insured reverse mortgages issued to

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Thoughts on Buying a Home

The American Dream has long been ownership of your own home. This continues even with all the foreclosures and bankruptcy problems that are taking place in late-2009 as this article is being written. In fact, a marvelous window of opportunity now exists with attractive sales prices coupled with low interest rates. Eventually, home prices on

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Homeowners’ Assistance Program (HAP)

Click here to download the newsletter in its entirety. Congress created HAP (Homeowners’ Assistance Program) in 1966 to compensate eligible military and civilian Federal employees when the real estate market where they owned a home was negatively impacted by base closures or reduced operations. In 2009, HAP was extended to assist service members and DOD

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New Lead-Based Paint Requirements

Click here to download the newsletter in its entirety. The rules regarding lead-based paint will change as of April 22, 2010. The new rules require that contractors performing work that disturbs lead-based paint in homes, child care facilities, and schools built before 1978 must be certified by the Environmental Protection Agency (EPA) and follow specific

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Red Hill Underground Fuel Storage

Click here to download the PDF version of the newsletter. The Red Hill Underground Fuel Storage Facility is located about three miles northeast of Pearl Harbor in a ridge of volcanic rock in an area that provides its name. The storage was built between 1940 and 1943 and is still in use today. In June

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Property Management Guidance

This article was initially published in the Jan-Mar ’10 newsletter and has since been revised and republished in the Apr-Jun ’11 newsletter.   Background: Stott Real Estate, Inc. conducts business as The Stott Team for listings & sales of real estate and as Stott Property Management for managing rentals. We have two adjacent but separate

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Rental Market Comments

The slump in the housing market coupled with low interest rates make the current rental market very attractive for investors that are interested in upgrading their portfolios. The investors need to be thinking long-term when analyzing the existing market. In most areas, there is a healthy supply of rental units on the market resulting in

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Improving Your Credit Score

This article was initially published in the Jul-Sep ’09 newsletter and has since been revised and republished in the Jan-Mar ’11 newsletter. Background: Gone are the days when lenders leaned over backwards to qualify borrowers for mortgages. After all the subprime lending problems, it has become increasingly more difficult for many potential homebuyers to qualify

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Obtaining Free Credit Reports

This article was initially published in the Jul-Sep ’09 newsletter and has since been revised and republished in the Jul-Sep ’11 newsletter.   There are advertisements that advertise a “FREE” credit report and then charge you for various services. If you have to provide your credit card number to obtain your credit report, it is

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Real Estate Tax Secrets of the Rich

Click here to view the entire newsletter. Real Estate Tax Secrets of the Rich is the title of another new book that some of you may want to purchase. The author is Sandy Botkin, CPA, 2007, McGraw-Hill, New York, 226 pages. I paid Amazon.com $16.47 for my paperback version. Considering the rather boring topic of

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Problems with Heirs

This article was initially published in the Jan-Mar ’09 newsletter and has since been revised and republished in the Jul-Sep ’11 newsletter.   Many absentee owners hold on to Oahu real estate so that they can pass the property to their heirs and be able to avoid capital gains taxes. The acquisition basis for the

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Avoiding Probate

Note: Stott Real Estate, Inc. is not licensed to provide tax or legal advice. The following article is for information only and Stott Real Estate, Inc. recommends that you speak with a licensed tax advisor and/or an estate planning attorney before making any decisions. The state of Hawaii requires probate when an individual dies and

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Equity Stripping

Click here to view the entire newsletter. The Jan & Feb ’07 issues of Mr. Landlord contained a two-part article on protecting your real estate assets from legal claims through the use of liability insurance, trusts, and limited liability corporations (LLC’s) with emphasis upon equity stripping.  This one page paper will briefly summarize the two-part

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Property Tax Assessments

Click here to view the entire newsletter. The City & County of Honolulu minimizes the number of property tax appeals that are filed by allowing only a very narrow window in which to file an appeal. The tax assessments are normally mailed on December 15th with January 15th being the cutoff date to file an

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Saving Taxes When Selling Your Home

Click here to view the entire newsletter. The Tax Relief Act of 1997 instituted completely different tax provisions applicable to the sale of a primary residence under Section 121 of the Internal Revenue Code (IRC).  The current law, sometimes referred to as “the 121 exclusion,” has been around for about ten years.  However, considerable confusion

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Buying REO Properties

Click here to view the entire newsletter. Real Estate Owned (REO) is a term used to describe real estate acquired by lenders via a foreclosure or via a deed from the owner in lieu of a foreclosure. If the lender acquired the REO property via a foreclosure, the property has probably undergone an unsuccessful foreclosure

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