• Don’t Miss the September 30th Deadline: File for Your Home Exemption

    Don’t Miss the September 30th Deadline: File for Your Home Exemption,ONE Pacific Realty Inc.

    Don’t Miss the September 30th Deadline: File for Your Home Exemption If you purchased a home in Hawaiʻi, one of the most important steps you can take to reduce your property tax bill is to apply for a Home Exemption. The deadline to file for this year is September 30th, and missing it could mean pay

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  • Oʻahu Real Estate: Buyer-Friendly Conditions, Slower Sales

    Oʻahu Real Estate: Buyer-Friendly Conditions, Slower Sales,Ed Chong (R)

      April brought more good news for homebuyers on Oʻahu. While overall sales remain lower than last year, inventory is up, competition is down, and homes are staying on the market longer — all signs of a market that favors buyers. According to the Honolulu Board of Realtors, 241 single-family homes a

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  • Don't Forget The September 30th Deadline To File Your Home Exemption

    Don't Forget The September 30th Deadline To File Your Home Exemption,Ed Chong (R)

    HOME EXEMPTION  The first home exemption law was enacted in 1896 by the Republic of Hawaii to provide some tax relief, encourage home ownership and the settlement of land. In 1896, the home exemption amount was $300. Beginning tax year 2024-2025, the home exemption will be $120,000 for homeowners un

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  • Federal Reserve Announces Rate Cuts Starting September 18: What It Means for Real Estate

    Federal Reserve Announces Rate Cuts Starting September 18: What It Means for Real Estate,One Pacific Realty Inc

    In a significant announcement, Federal Reserve Chair Jerome H. Powell revealed that the central bank will begin cutting interest rates starting September 18. This move comes after months of speculation and is expected to have a profound impact on various sectors of the economy, including real estate

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  • Owning vs. Renting Land: The Fee Simple vs. Leasehold Showdown

    Owning vs. Renting Land: The Fee Simple vs. Leasehold Showdown,ED CHONG (R)

    When buying property, understanding ownership types is crucial. Two main options exist: Fee Simple and Leasehold. Let's break down the pros and cons of each to guide your real estate journey. FEE SIMPLE: The American Dream? Pros: Complete Ownership: You own both the land and the building, offering m

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  • Deadline To File Home Exemption

    Deadline To File Home Exemption,One Pacific Realty Inc

    HOME EXEMPTION  The first home exemption law was enacted in 1896 by the Republic of Hawaii to provide some tax relief, encourage home ownership and the settlement of land. In 1896, the home exemption amount was $300. Beginning tax year 2024-2025, the home exemption will be $120,000 for homeowners un

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  • Mortgage Credit Certificate (MCC) Explained

    Mortgage Credit Certificate (MCC) Explained,Ed Chong, R

    A Mortgage Credit Certificate (MCC) is a program that some state and local governments offer to assist homebuyers in purchasing their first home. It is designed to provide financial benefits to qualified buyers and make homeownership more affordable. Here's how it works: Eligibility: To qualify for

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