We are here today to talk to you about property taxes. Currently, the minimum basic home exemption is $80,000. For homeowners age 65 and up, the exemption is $120,000. To qualify, you must own and occupy the property as your primary residence, and your ownership must be recorded at the Bureau of Conveyance. You must file a claim by September 30th preceding the tax year of which you claim the exemption in order to get it.
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Your claim must be
filed by September 30.
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There are other exemptions you should be aware of besides the single-home one, like exemptions for totally disabled veterans, low-income rental housing, and more. Check out the website for the City of Honolulu’s Department of Budget and Fiscal Services Real Estate Assessment division, where there is a whole lot more information regarding this subject. If you have any questions for us in the meantime, we are always here to help. Give us a call or send us an email. We look forward to hearing from you. Thanks, and aloha!
Call us at (808) 426-7211 for a FREE home buying or selling consultation
Let’s talk about pests. No, not those annoying people with bad social skills. The kind that can ruin your home, of course. We’re joined by John Speed, president of Kilauea Pest Control. We trust John and his team with all our pest control needs. In fact, he takes care of our personal homes and our rental properties.
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Kilauea is a family-owned local company here in Hawaii
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If you’re a Realtor looking for a quick and easy termite inspection and treatment, call Kilauea Pest Control to keep your transaction flowing along. Kilauea is a family-owned local company here in Hawaii that specializes in child and pet-friendly pest control services. They also have some guarantees and warranties that are unique to the industry. Their termite inspection report comes with a free one-year drywood termite warranty. That’s huge for buyers. Kilauea Pest Control's regular customers also get free in-between services any time there’s a problem. If we need to come back, we do it for free. Give John a call for any pest control needs!
Brooks Bowman grew up in Southern California into a family of surfers, baseball, football and basketball players.
Brooks is considered by his many repeat clients to be an enthusiastic, affable and caring person with a good sense of humor which helps to lighten the intensity levels that are somewhat inherent in the real estate business. Brooks brought to his career, as a real estate licensee, years of home building and remodeling experience as well as years of experience in various sales capacities.
In 1997 his start in the real estate industry began as many do, in the mortgage sector of the business. His position as a loan officer and notary public at that time, gave him the opportunity to grow in experience and knowledge. Shortly thereafter, Brooks earned his real estate license in 1999 and then went on to earning his broker's license in 2003. Along with his wife, he opened a real estate brokerage that same year, and then went on to open a mortgage brokerage in 2004.
Brooks first experienced the wonders of Hawaii in 1961 as a five year old. His parents fondly recall that during the visit to the islands, he paddled his inner-tube out one late afternoon to get closer to the surfers in the line-up at Waikiki. After many trips to all of the main islands over the years, Brooks finally was able to fulfill his lifelong dream by moving to Oahu in 1989. He often quotes a bumper sticker he once saw which says, "I am not native, but I got here as soon as I could."
No, Brooks does not get to surf as much as he would like to these days, but he really enjoys the huge personal rewards of making things happen for his real estate clients. After watching Team Lally's approach to conducting business to the great benefit of the real estate buying and selling public, Brooks decided to join Team Lally as a Listing Partner in the fall of 2015. To contact Brooks with your real estate needs, email him at Brooks@TeamLally.com!
Today, we want to talk to you about
homeowners insurance.Bradley Maruyama from Allstate Insurance
is with us to answer a few questions, as there are a few things
that could affect the cost of your insurance. Let's talk aboutflood
zones or flood insurance. What are the different flood zones?
The most common flood zones in Hawaii are V, A, X, D, and Z.The most volatile flood zones are the V
zones. These are located near the coastline and beachfront properties. A zones
are found near riverways, lakes, swamplands, and reservoirs. The most common
flood zone is X, which is actually the most unlikely place to have a flood. D
and Z are zones where flood hazards are undetermined, but still possible.
How do different flood zones affect the cost of your homeowners
insurance? The most volatile flood zones are the V and A zones.Some V zones on the coastline could cost you
as much as $24,000 per year. Your Realtor and loan officer are working very
hard when it comes to making sure you are qualified to buy your dream home.
When your monthly rates go up because of the flood insurance, you might not
qualify to buy your dream home. So, when you're shopping in V and A zones, keep
in mind that the homeowners insurance will raise your monthly payments.
For more information on flood zones visit this link! If you have any questions, please do not hesitate to contact us.If you have any questions for Bradley, you
can give him a call at (808) 591-8016. We look forward to hearing from you!
Duke from Hawaii Pacific Property Management called in with his property management tip of the week which includes not having carpet, having the home cleaned before you show it, and great landscaping! Devin Greco of Oahu Floor Coverings is joining Adrienne and Attilio today to discuss his specialty on floorings servicing a whole of Oahu. David's international flooring company supply and install almost all types of floor coverings. From hard planks to carpets and water proof products, they have it all! To see what products they offer visit their website. You can also find Oahu Floor Coverings on their Facebook page and blog! All of their products have installation warranty.
It's time once again for another jam packed edition of the Team Lally Hawaii Real Estate Show. Today we are covering a lot of topics, including the top 3 things you need to know when getting a VA loan. We are also excited to be joined by Travis Branch to talk about the ins and outs of dealing with the IRS, as well as some ways to save and compound your money. Travis suggests filing your taxes on time - and if not - always having a tax professional to help pay liabilities. We will also be joined by a few of our agents who have some beautiful listings with open houses coming soon. To hear the show in its entirety, click play!
