Team Lally- Hawaii Real Estate

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Homeowners Are Suing Zillow

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Today we want to talk to you about Zillow and—their Zestimates!

A lawsuit filed by a homeowner in Illinois could affect homeowners here in Hawaii. There is a woman claiming her home is valued at $626,000 and Zillow estimates her home is worth $562,000, a $64,000 difference!

Our good friend Barbara Corcoran was on Good Morning America talking about this. You can see Barbara's interview here.

The homeowner who filed the lawsuit feels that the typical buyer will look at Zillow’s Zestimate and think her home is worth less. Zillow responded by saying that a “Zestimate is a starting point to determine a home’s value, and isn’t an official appraisal."

Now you may be asking yourself, is Zillow the place to start when determining the value of your home? Well, Barbara says it is a starting point, but not a reliable starting point. She recommends contacting a real estate agent who knows what they are doing or getting an appraisal as opposed to depending an algorithm for your home's value.

Zillow's fault factor is about 5%.

Homebuyers use Zillow to determine value, but don’t know that the fault factor is roughly 5%. One in 20 homes is Zestimated at less than they are actually worth.

Our advice is to give us a call so we can put our expertise of selling hundreds of homes every year into determining the value of your home so you can sell it for the most amount of money in the least amount of time. There is no obligation at all—we are just here to help.

If you'd like to know what your home is truly worth or you're thinking of buying or selling real estate, give us a call or send us an email soon. We'd love to hear from you.

How Can Dogs Make You More Money on Your Investment Property

Buying a home? Click here to perform a full home search

Selling a home? Click here for a FREE Home Price Evaluation

Call us at (808) 426-7211 for a FREE home buying or selling consultation

Today we have Anastasia with us from Hawaii Pacific Property Management to give you four good reasons why allowing pets in your rental properties may be best for your bottom line as a real estate investor. You might think we’re crazy, but canines really can improve your bottom line! Here are four reasons why.

It takes less time to find a renter
Tenants will stay longer
Tenants with pets are usually more responsible
Families with higher incomes own pets

Don’t forget that you can discriminate against what types of animals you want to allow! Not all furry friends are created equal when it comes to raising your bottom line and maintaining your property value.

You can also charge an additional month’s rent for a pet deposit. This is common practice to protect you against any potential damages caused by a pet.

Don’t forget to tune into our show every Saturday at 11am on AM830 KHVH! We’ll be sharing valuable information about the real estate market!

Will the Hawaii Real Estate Market Shift?

Buying a home? Click here to perform a full home search
Selling a home? Click here for a FREE Home Price Evaluation
Call us at (808) 426-7211 for a FREE home buying or selling consultation
Are we in a seller's market or a buyer's market? Is a shift on the way? We'll answer those questions for you today.
First of all, a seller's market exists when there are more buyers than sellers, inventory is low, and homes are selling quickly, often gathering multiple offers. A buyer's market exists when there are more sellers than buyers, demand is low, and supply is high. In this situation, buyers are able to negotiate aggressively. Keep in mind that results vary from area to area.

The median price for homes in Oahu in 2005 was $590,000; in 2011, it was $575,000, and today, the median price is $710,000. We don't think prices will fall, but the rate of appreciation may decrease.
Right now, we are in a seller's market. Inventory is low, and most of our listings get offers right away. We sell hundreds of homes every year, and this volume of activity gives us a better view of the market than an agent who only does a handful of transactions each year. The best time to sell is when inventory is low, and it is right now.
If you want a free market analysis on what your home is worth, give us a call or send us an email. We look forward to hearing from you!

Here's How to Beat out Buyers on Your Dream Home!

Buying a home? Click here to perform a full home search
Selling a home? Click here for a FREE Home Price Evaluation
Call us at (808) 426-7211 for a FREE home buying or selling consultation

Multiple offer situations are becoming more and more common in Hawaii, so today we want to offer you some tips on how to win them. Here are four ways to make your offer as strong as cash:

1. Let the seller pick the closing date

Whether or not they want to close quickly or have it be delayed, delegating this choice to the seller is a smart way to make your offer stand out.

2. Keep your offer clean and simple

Don’t muddy it up with contingencies or terms. If you want the home when pitted against other buyers, keeping your offer clean is the way to go.

3. Have a good cover letter

A good cover letter can pull on the heart and mind of a seller. Sometimes it’s more than dollars and cents that compel buyers, and we can help you write a fantastic cover letter.

4. Our Love it or Leave it Program

If you don’t absolutely love the home we help you buy, we will sell it for free within 6 months of the closing date. Call us for more details about this.

By following these tips, you will go into your home purchase wielding the knowledge of how to craft a very strong offer. If you have any questions for us at all, feel free to give us a call or send us an email. We look forward to speaking with you!

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Team Lally Testimonials

Genette - "We bought one house and sold that with them, and then bought the current house that we're in, and now we're selling this one. We always had a good experience, so when it came time to sell this one, really we didn't give it a second thought. We just called Ray Wolmers, who we've worked with before, and just got him on board right away. It just seems like with everything they handle every detail, and I love the "team" concept; that there's always somebody who handles everything. They never miss a detail. We did have one instance with our original house where we had the termite inspection, and they actually found termites. We had to have the house tented as that was just one of those where I was so glad they handled all the details for us and got it taken care of. They got it scheduled when we needed it scheduled and found a good price for it. It was just amazing. I wouldn't even consider another realtor here in Hawaii, because they handle everything and they're very professional. They just have always taken care of everything."

Maurice - "My results were very positive. Team Lally was very efficient and always kept me informed during every step of the process. I was never left in the dark wondering what was going on. She worked in the middle between myself and the escrow company or the lender and really just was my point of contact. She would explain any questions I had about the paperwork and kept me informed of what they needed from me. They really did a great job and I appreciated everything they did! "

Peter - "I had been looking at the search function on their website and then Cherie got in touch with me. We started scheduling houses to look at and as soon as I found anything I liked, she would schedule it immediately. She was always able to meet my schedule and willing to drive all over this island to find my house. The whole process went very smoothly! "

Paul - "Team Lally was really helpful and great to work with! They worked to my needs in what I was looking for and were very good at identifying houses that would be a good fit for us. Cherie, our agent was very patient and kept the same enthusiasm from the day I met her through the very last house we ended up purchasing. It was like a breath of fresh air with her professionalism throughout the entire process."

Shawn - "One person that really stood out to us during the whole process was Keli’i. It’s definitely a seller’s market here in Hawaii so houses are on and off the market very quickly. We expressed our frustrations about that with him and that night he was emailing us with prospective houses and times we could go look at them. He really took the initiative and reached out to us. I would recommend Team Lally fully."

Eric - "We had good results when we worked with Team Lally. Our first buyer unfortunately bailed out but it wasn’t for a lack of trying from Team Lally. They put in a lot of effort with their marketing and the exposure of the property. It was all great and they had really good customer service! "

Ryan - "I’ve worked with Team Lally twice now. I’m in the military and was stationed in Hawaii so I reached out to Team Lally to help me buy a home. They were helpful and we found a place quickly that I was happy with. After a few years I had to move for the military and plenty of times Adrienne was able to step in and helped me out when I needed someone to watch the house or find a renter. I didn’t want to rent it because I was coming back maybe 5 months later so Adrienne went out of her way to find someone that was trustworthy to stay there to watch my house and my dog until I came back. They were very understanding of my needs and able to find exactly what they could do to help me. "

Benito -"We were able to get into a house quickly, and it was a pleasant experience. Our Realtor, Kailyn, was constantly checking up with us. When we started to close, she made sure everything was done on time. On top of that, after we had moved in, the marketing manager came to the house to congratulate us. He brought us some gifts, too. I thought that was really great!"

Phil -"We bought a home and sold a home with them. Both experiences were excellent. They helped us with everything we didn’t understand. When I was looking to purchase a home, Adrienne herself picked me up and drove me around to look at homes. She was at our call whenever we wanted to look at a home!"

Brendan -"They were phenomenal! They were very quick to respond to all my phone calls and emails. They gave me great guidance on how to get the house prepped for the open house. We had an offer the first day, and a second offer the next day, and the house pretty much sold itself after that! Alesia Borja was great in the closing process. I had lots of questions because there were so many details that needed to be taken care of in order to close on time. She responded quickly and made lots of phone calls after hours in order to make sure the house closed on time!"

Geri -"I really enjoyed them helping me. We had a lot of paperwork going on at once, because we were selling a condo, purchasing a house, and doing the 1031 Exchange. They really helped out. I was in California, so there was a three hour time difference. I had a lot of questions, and some were pretty early in the morning for them, but they always got back to me promptly. When we were getting ready to sign the final papers, I noticed that the 1031 Exchange wasn’t on there. I got in touch with Alesia from Team Lally, and she helped me out. I enjoyed working with them, and I would do it again!"

Have a Question? Ask & I'll Answer It With A Video

Homeowners Are Suing Zillow

How Can Dogs Make You More Money on Your Investment Property

Will the Hawaii Real Estate Market Shift?

Here's How to Beat out Buyers on Your Dream Home!