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Trulia Real Estate Answers

• hello i'm french and i would like to invest in an appartment in honolulu, but i don't know the law about foreign investors. do you have any?
  Answer by Frank Diaz, MBA, RA: Aloha Franck, Here is an article I wrote recently. It will answer some of your questions: http://www.hawaiihome.biz/2012/01/02/international-real-estate-investment-poised-to-double/ Call or email and I can give you more information. Frank Diaz (RA) MBA, e-PRO, REALTOR® East Oahu Realty 808.791.2277 direct […]
• How many days do you have to respond to the bank's counter offer on a short sale in the state of Nevada?
  Answer by Frank Diaz, MBA, RA: Hi Am, Try posting this in Las Vegas, Tucson or Phoenix. […]
• Looking for a reputable residential property manager in the Honolulu area. Any suggestions much appreciated!?
  Answer by Frank Diaz, MBA, RA: Carl Frazier at Cornerstone Bill Ramsey Warren Dote - The Property Managers, Ltd., […]
• What are the legal limits for initial EMD in the State of Hawaii? (min % and max% of purchase price) or are there customary amounts?
  Answer by Frank Diaz, MBA, RA: By EMD do you mean Earnest Money Deposit? […]
• lookng for a 3 bedroom 2 bathroom in hnl, kailua, kaneohe, waialae, waimanalo area. plz help! thank you
  Answer by Frank Diaz, MBA, RA: Aloha, For sale or for rent? Need to know: Single family home, townhome or condo # of parking Price range Do you prefer an older larger home, or newer smaller home Do you prefer a larger lot with a smaller home, or smaller lot? Feel free to call me. Frank Diaz (RA) MBA, e-PRO, REALTOR® East Oahu Realty 808.723.0900 cell 808.791 […]
• What information is contained in a home appraisal report?
  Answer by Frank Diaz, MBA, RA: Ask the appraiser. They will review it with you, since they were paid to do it. […]
• Is it legal for a seller to accept cash and subtract the amount from reported house price?
  Answer by Frank Diaz, MBA, RA: Nico, That's why everything should go through escrow. There are possibly things going on behind the scenes that you don't know about. What if they seller leaves and moves to Mexico or The Bahamas with your money. NOT a good idea. If I did this, I would be fired and possible lose my real estate license. Frank Diaz (RA) […]
• I never had credit and I got no credit history. I won a law suit and want to by a house. I have good income but just got a credit card i pay 1400 rent
  Answer by Frank Diaz, MBA, RA: Aloha Catina, I would talk to your bank and/or credit union and a mortgage lender or broker (I can recommend a few if you like). It's a good idea to talk to 2 or 3 different people to get an opinion on your situation and possible loan terms. It can vary according to state, type of property and even by complex or neighborho […]
• How does "fractional ownership" work? Is it merely sharing a property? Whose name is on the title? Do you actually own part or all?
  Answer by Frank Diaz, MBA, RA: A few references for you: http://www.trulia.com/voices/Home_Buying/What_is_the_pros_and_cons_of_fractional_ownership_-264429 http://www.trulia.com/voices/Property_QandA/whats_this_day_fractional_ownership_do_we_own_the-85571 […]
• How does "fractional ownership" work? Is it merely sharing a property? Whose name is on the title? Do you actually own part or all?
  Answer by Frank Diaz, MBA, RA: Hi Dede, The reason all sites don't have the same info, is because of the fields that can pick up from the original listing and display. Either part of the land is available for use, or all of the land is available for use some of the time. It is shown as fractional on Realtor.com http://www.realtor.com/realestateandhomes- […]