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Tip of the Day with Tracey Stott Kelley

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.
A survey refers to the process of locating and measuring a property's boundary lines.

Quick Pick Newsletter

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Fun Fact Friday

Fun Fact Friday : Pumpkin Facts
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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
Current Oahu Homes for Sale
Area # Price Range
Central Oahu 51 $119k - $2.3m
Ewa Plain 83 $315k - $5.3m
Diamond Head 145 $190k - $27.0m
Hawaii Kai 63 $35k - $14.5m
Kailua 52 $675k - $14.5m
Kaneohe 65 $84k - $13.0m
Leeward Coast 90 $90k - $4.5m
Makakilo 19 $470k - $10.0m
Metro Honolulu 1028 $39k - $20.0m
North Shore 95 $189k - $18.5m
Pearl City 53 $190k - $2.0m
Waipahu 39 $270k - $1.4m
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Quarterly Newsletter July - September 2021

| P r i n t   R e p l i c a |  The median price in September for single-family homes was $1,050,000 (19.3% higher than September 2020) and for condos was $478,000 (7.4% higher than September 2020).  The demand for both ...

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