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Tip of the Day with Tracey Stott Kelley

Properties with a "sandwich lease"
Tracey explains what options you have when there's a "sandwich lease".
Automated Search
Tracey discuses the benefits of have Stott Real Estate, Inc. set up an automated search for you.
Proceeds vs Gains
Tracey talks about the difference between sale proceeds + sale capital gains.
PV Systems
Tracey talks about options between to rent or buy a PV System.
Clauses seen in contracts.
Tracey talks about some clauses you could see in contracts.
Parking Stalls
Tracey suggests to make sure you've verified in writing what parking stalls come with your purchase.
Not sure about a 1031 Exchange?
Tracey explains a 1031 option.
Getting a new "GET" License
Tracey explains the need to obtain a new General Excise Tax License.
What is Depreciation?
Tracey shares a briefly discussion on What is Depreciation?
What is Residential-A?
Tracey describes what Residential-A means for Tax reasons.
Selling a Personal Residence vs a Second Home or an Investment Property.
Tracey explains the difference between a personal residence, a second home, or an investment property.
Seasoning of Funds.
Tracey shares a helpful tip on how to prove that your funds for a downpayment when ready to purchase, have been seasoned for 60-90 days.
Issues to be aware of with Owner-Builder Permits.
Tracey addresses the issues you may have if you get a permit under Owner-Builder Status.
Can a married couple claim two places of residency?
Tracey shares a perfect example on how to make this possible.
Filing for Home Exemption before Tax Year
Tracey tells you how to sign up for a home exemption so that you get the tax advantage as an owner occupant.
Have a file documents of Home Improvements
When you own a home, there are tax advantages for documenting the capital improvements when you sell. Tracey talks about a simple method that can make this easier even if you have owned a home for decades.
Selling on Oahu when your residence is on the mainland.
Tracey discusses when you are an out of state resident and you sell a property on Oahu, there are fees collected upfront for capital gain taxes.
Selling with a POA when you have a Trust.
Tracey touches on the fact that not all Trust allow POAs.
VA offers + non-allowables
Most offers we are seeing now do not have the seller paying the buyer non-allowable costs, which was quite prevalent years and years ago.
Paying Taxes on a Hawaii Rental Property
Tracey describes that taxes the Hawaii investment property owners must pay.
Owning a Home in the Name of a Trust
Tracey describes the need to have a bank account in the name of a trust to sell the home.
Exclusions when spouse has passed.
Tracey describes the amount of time you have after a spouse dies to still claim capital gains tax exclusion.
Association Fees
Association fees are not always charged in January.
Survey
A survey refers to the process of locating and measuring a property's boundary lines.

Quick Pick Newsletter

Quick Pick Newsletter: Monk Seal
Quick Pick Newsletter: Corals
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Quick Pick Newsletter: Axis Deer
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Quick Pick Newsletter: The Zoo
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Fun Fact Friday

Fun Fact Friday: Manoa Falls
Fun Fact Friday: Golf in Hawaii
Fun Fact Friday: Waimea Canyon
Fun Fact Friday: Native Population
Fun Fact Friday: Islands Nicknames
Fun Fact Friday: Islands Ages
Fun Fact Friday: Waikiki Aquarium
Fun Fact Friday: Hawaiian Pizza
Fun Fact Friday: Sailboards
Fun Fact Friday: Largest Ranch
Fun Fact Friday: Tiki Statues
Fun Fact Friday: Gambling
Fun Fact Friday: Waikiki
Fun Fact Friday: Hawaiian or Local
Fun Fact Friday: Antipodal
Fun Fact Friday: Strange Laws
Fun Fact Friday: Hawaiian Standard Time
Fun Fact Friday: Aloha Shirts
Fun Fact Friday: Why Hawaii Is a Great Place to Kick start Your New Year’s Resolution.
Fun Fact Friday: New Year Traditions in Hawaii
Fun Fact Friday: 3 Christmas Facts
Fun Fact Friday: 6 Christmas Facts in Hawaii
Fun Fact Friday: Christmas in Hawaii
Fun Fact Friday: Thanksgiving Traditions
Fun Fact Friday: Public Schools
Fun Fact Friday: Gas Prices
Fun Fact Friday : Pumpkin Facts
Fun Fact Friday: Shaka
Fun Fact Friday: Fire Knife Dance
Fun Fact Friday: Celebrities Homes
Fun Fact Friday: Pidgin
Fun Fact Friday: Vog in Hawaii
Fun Fact Friday: Weddings in Hawaii
Fun Fact Friday: Hawaiian Traditions - Kiss on the cheek
Fun Fact Friday: Night Marchers
Fun Fact Friday: Spam
Fun Fact Friday: Coral Reefs
Fun Fact Friday: Surfing
Fun Fact Friday: Trouble
Fun Fact Friday: Luaus
Fun Fact Friday: Hula Dance
Fun Fact Friday: Superstitions
Fun Fact Friday: Socks off.
Fun Fact Friday: How to wear a flower in Hawaii?
Fun Fact Friday: Kapu
Fun Fact Friday: Chickens
Fun Fact Friday: Island Flowers
Fun Fact Friday: Box Jellyfish
Fun Fact Friday: Hawaii's State Bird
Fun Fact Friday: Dolphins
Fun Fact Friday: Humpback Whales
Fun Fact Friday: Mongoose
Fun Fact Friday: The Hawaiian Monk Seal.
Fun Fact Friday: Hawaiian Flag.
Fun Fact Friday: Snakes.
Fun Fact Friday: First Public Library
Fun Fact Friday: Triggerfish
Fun Fact Friday: The world’s largest wind generator.
Fun Fact Friday: Astronauts in Hawaii?
Fun Fact Friday: Captain J. Cook
Fun Fact Friday: Life Expectancy & Overweight
Fun Fact Friday: Milkshakes and Sharks
Fun Fact Friday: Birds & Billboards
Fun Fact Friday: Does Hawai'i Have a Thanksgiving Tradition?
Fun Fact Friday: I'olani Palace.
Fun Fact Friday: Origin of "Hawaii"
Fun Fact Friday: Duke Kahanamoku
Fun Fact Friday: Water Temperature
Fun Fact Friday: Real Poke
Fun Fact Friday: The cheapest listing on Oahu
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Another Day in Paradise

Another Day in Paradise: Chasing Waterfalls
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Another Day in Paradise: Snorkeling
Another Day in Paradise: H3 Drive
Another Day in Paradise: Sandbar
Another Day in Paradise: Hawaii Kai
Another Day In Paradise: H3
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Another Day In Paradise: Hu'ula.
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Another Day in Paradise: Having Fun
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Another Day in Paradise: Just Chillin"
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Another Day in Paradise: Hanauma Bay
Another Day in Paradise: Waikiki Beach
Another Day in Paradise: Makapu'u Tide Pools
Another Day in Paradise: Makapuh'u
Another Day in Paradise: Koolina
Another Day in Paradise: Makaha.

Holidays

Memorial Day 2022
St. Patrick 2022
Fun Fact Friday: New Year Traditions in Hawaii
Mele Kalikimaka 2021
Another Day in Paradise: Mele Kalikimaka 2021
Fun Fact Friday: 3 Christmas Facts
Fun Fact Friday: 6 Christmas Facts in Hawaii
Happy Thanksgiving 2021
Veterans Day 2021
Happy Halloween
Fun Fact Friday : Pumpkin Facts
Happy Labor Day 2021
Happy Memorial Day 2021
Happy Cinco de Mayo
Happy St. Patrick's Day
Happy New Year 2021
Merry Christmas
Black Friday Facts
Happy Veterans Day
Happy Halloween

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Current Oahu Homes for Sale
Area # Price Range
Central Oahu 51 $143k - $6.7m
Ewa Plain 122 $385k - $5.3m
Diamond Head 135 $90k - $27.0m
Hawaii Kai 36 $168k - $14.5m
Kailua 59 $399k - $14.8m
Kaneohe 65 $92k - $8.0m
Leeward Coast 89 $100k - $2.7m
Makakilo 24 $499k - $10.0m
Metro Honolulu 887 $25k - $25.0m
North Shore 109 $420k - $18.5m
Pearl City 58 $60k - $3.2m
Waipahu 42 $175k - $2.8m
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May 2022 Email Update

The April median sales price for single-family homes was $1,105,000 (19.1% higher than April 2021) and for condos was $510,000 (13.3% higher than April 2021).  Lack of inventory continues to constrain the market with the number of ...

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