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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

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Fun Fact Friday

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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

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Fun Fact Friday: Public Schools

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Fun Fact Friday: Shaka

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Fun Fact Friday: Celebrities Homes

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Fun Fact Friday: Spam

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Another Day in Paradise

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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

Current Oahu Homes for Sale

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