Aloha!
We have a wonderful assortment of articles, Big Island Calendar of Events, resources, tips and industry
updates for you this month and we hope you enjoy. Some of these include:
Kelly's blog continues to receiving many
accolades! This month Kelly begins an ongoing series on "Living Off
the Grid" So, don't miss out ... sign-up to receive regular
updates throughout the month from
Kelly's blog.
If you're not very familiar with signing-up for blogs, we've made it super
easy. Just click the email sign-up link in the right area, enter your email
address, and you'll receive each blog entry in your
email box. You can unsubscribe at any time. Of course, the traditional feeds
are also available.
If you are having any difficulty reading the newsletter below, you may view
the current (and past) newsletter here:
http://www.hilobrokersnews.com
In addition to the featured articles, don't forget to dig a little deeper
for additional articles located in the "Daily News & Advice" area, as well
as the "More Articles" section.
Mahalo,
Kelly & the Hilo Brokers, Ltd. Team
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Your
Big Island REALTOR®:
Kelly H. Moran
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Quality Big Island Real
Estate Service & Experience
for Over 20 Years!
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Some Articles Copyright © 2009 Realty
Times
All Rights Reserved.


Hilo Brokers, Ltd.
400 Hualani St.,
Bldg 21 Hilo, Hawaii, 96720
Office:
808-969-9400
Direct: 808-938-5757
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Could
You Live Off the Grid?
- By
Kelly H. Moran
Notice, please, the question is
"Could you . . . ?" You certainly can live
where none or only some of the Big Island's commercial
services - water, electricity, telephone, television,
internet - are piped into your home for a monthly fee.
And you don't have to
rough-it to live off-the-grid. You can enjoy a thoroughly
up-to-date lifestyle, with all the accoutrements of a modern
home, without being a customer of any commercial utility. In
this and the next few blogs, I'll tell you about the
challenges and the strategies of acquiring for yourself the
necessities of life here on the Big Island.
Water comes first, of course.
Hawaii County has an extensive water system of wells, pumps,
pipelines and meters, with high quality and modest rates.
But where 40 or more inches of rain fall every year, you can
reliably collect your own water from the gutters on your
roof. Rain is (shall we say) especially abundant in Hilo and
Puna; so even in neighborhoods, there, where County water is
easily available, some homeowners choose to use catchment
tanks.

This house, though only seven miles
from downtown Hilo, is entirely off the grid. The water tank
– a metal frame lined with plastic – is in the foreground.
The roof also has photovoltaic panels for generating
electricity.
A so-called “family of four”
should have at least a 10,000 gallon tank, which is
generally a cylinder about twelve feet in diameter and eight
feet high. Although some old redwood tanks are still in use,
and are aesthetically quite pleasing, they are rarely if
ever built nowadays. More common – and actually better,
because they do not decompose – are tanks made of sheet
metal and lined with tough plastic liners (very much like
above-ground swimming pools), or tanks made of ferro-concrete
(in which cement, sprayed onto a metal “rebar” frame,
hardens into concrete). The latter is more expensive but
will last much longer. Also, since rainwater is naturally
slightly acidic, contact with the slightly alkaline concrete
tends to neutralize the “ph” of stored water.
Once you have water in the
tank, you still have to pipe it into the house. You’ll want
some kind of filtration, because dirt and dust, or fragments
of leaves, always wash down from the gutters; and though
they generally settle to the bottom of the tank, little bits
of stuff do sometimes get into the house’s supply line. But
particulates like that are easily intercepted with simple
filters which, like their smaller under-the-sink cousins,
are typically replaced once or twice a year. Getting that
supply to flow inside the house’s plumbing, however,
requires ...
CONTINUED >>> |
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Mortgage Rates

U.S. averages as of August 27, 2009:

30 yr. fixed: 5.14%
15 yr. fixed: 4.58%
1 yr. adj: 4.69%


View current rates

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Featured
Listing

Honolli By
The Sea
A
Spacious streamfront villa where old-world
craftsmanship meets incomparable tropical location.
Unlike any other private home on the island, this is
a private resort. Stream with waterfalls,
waterslides, swimming pool, and a regulation
basketball half court are a few of the recreational
features of this home. Built on 3 levels, with 7
bedrooms, 8.5 baths and 3 kitchens, this home has
over 5000 square feet of luxurious interior space.
For a
virtual tour and more information:
Click Here

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Back in the Saddle Again
- By
Kelly H. Moran
Part 1 of 2
As the crow flies (or as
it would fly, if we had crows here, which we
don’t), Hilo is about 80 miles from Kailua-Kona. So
you’d think, on an island this big, somebody would build
a road from east to west along the shortest possible
route. And indeed, somebody did; but it’s never been a
shortcut.
In 1942, the U.S. Army
needed a lot of space to practice target-shooting –
somewhere with no population – and they picked the
relatively barren lava fields of Pohakuloa, in the
saddle-shaped valley between Mauna Kea and Mauna Loa.
To get their troops and tanks and canons in and out,
they hastily built a road westward from Hilo, up to
their training grounds; and continuing on, through the
Parker Ranch, terminating at the “old” Mamalahoa Highway
(now called Rte. 190), the mauka road connecting Waimea
with Kona.

Several warning signs are posted at
the point where pavement stops and the road narrows.
The Army
“brass” took no chances – after the attack on Pearl
Harbor ...
CONTINUED
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Real Estate Investment
101
It
could be a good time to invest in real estate, given the abundance
of foreclosures and other distressed properties with reduced prices.
It could also be a bad time to invest in
real estate, if you don't know what you are doing.
There's the rub.
It's a good time to invest, but it is
difficult. Now when you go out to invest you are competing with a
dozen offers. The investors are back.
Just like buying a home to live in,
taking the real estate investment plunge requires taking stock of
your financial goals, planning and lifestyle before taking the
plunge. Pretty much like buying any property. If you've got the
time, the money and the lifestyle that lends itself to managing a
real estate investment, you are just about half way there.
However, both halves are pretty big
halves.
The National Real Estate Investors
Association says you've still got a lot of work to do. Here's how
much.
Buy your own home first.
The general rule of
thumb is that buying your own home will not only put a roof over
your head, but also background you in the full experience of buying
and owning property -- financials, market conditions, maintenance
and real estate professionals you'll need along the way.
What's more, your first home could later become your first
investment property, a property in a market with which you are
familiar.
Go Back to School
Turn to the Internet, reputable books, successful investment
groups, college and university level courses, even your state's
real estate license program. You don't have to actually get a
license, but you can become just as educated as a licensed
agent. Individual real estate investors, salespeople and others
who you've met on the way to investing are also valuable
educational resources.
Get Professional Help
The same way you find any competent, trustworthy and honest
professional is the same way to look for a mentor, investment
partner with prior knowledge or investment group. Seek referrals
from friends, family, professionals with whom you already
conduct business, co-workers and others you trust who've had a
satisfactory, successful real estate investing experience.
Learn Your Investment Market
One market's bubble could be one investor's boom and another
investor's bust. A home in one market could give you vacation
rental income in a half year sufficient to cover the cost of
principal, interest, taxes, insurance, home owner association
dues, upkeep and other costs, but still not appreciate. Another
home in another market may not bring you sufficient rent in a
year's time to cover the cost of owning the property, but might
appreciate more than enough to make up for your carrying costs
over the long term.
The variables are endless and you'll need to measure your
capacity for risk against market conditions.
Exit Strategy
Finally, while some experts say you'll also need to develop an
exit strategy in terms of unloading properties when they are no
longer viable investments, if you buy right and stick it out
over the long haul you won't need an exit strategy.
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Enroll Today!
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Daily News and Advice

Read about the events shaping the Real Estate
market today, find current interest rates, or browse the
extensive library of advice and how-to articles written by some
of the top experts in Real Estate. Updated each weekday.

Market Snapshots Are Here


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More
Articles
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Major Campaign To Extend $8000 Home Buyer Tax Credit Underway

T
he house and Senate may have left Capitol Hill for their Summer
break, but housing lobbyists are busy at work gearing up a major
campaign to extend the $8,000 home buyer tax credit.
The credit for first-time purchasers is scheduled to expire November
30.
The National Association of Home Builders and the National
Association of Realtors want to persuade Congress to nail down an
extension of the credit, and maybe even broaden its coverage, as
soon as possible.
The home builders are mounting an aggressive campaign during the
congressional recess. The association is sending out local teams of
members to meet with congressmen and senators in their home
districts, urging not only a one year extension of the credit, but
an expansion of the concept to cover all home buyers next year, not
just first-timers.
Though the endorsement may, or may not, have been connected with
the home builders' campaign, one of the most politically powerful
Democrats has already signaled that he favors a one year extension.
Senate Majority Leader Harry Reid of Nevada, said he thinks “it's
something we can get done.” According to a report in the Las Vegas
Sun, Reid made the comment during a conference call with Nevada
reporters.
Meanwhile, the influential chairman of the Senate banking
committee, Connecticut Democrat Chris Dodd, has teamed up with
Georgia Republican Senator Johnny Isakson to sponsor a bill that
would extend the credit for another year and expand it to a $15,000
maximum ...
CONTINUED >>>
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Upcoming
Island Calendar of Events
NA
PA'I KI'I, PHOTOGRAPHS OF THE KINGDOM OF HAWAII, 1883-1905
Bertram Gabriel Bellinghausen's enduring and
exceptionally captivating ethnographic record of an era at a
time in Hawaii when Western and Hawaiian cultures were merging
is on display through October 30th, 2009 from 10am-4:30pm, at
Hilo's Lyman Museum. The exhibit, Na Pa`i Ki`i, Photographs of
the Kingdom of Hawaii, 1883 to 1905, is curated by emeritus
English professor, Dr. Albert Lum, and sponsored by Chaminade
University and the Office of Hawaiian Affairs. Lyman Museum and
Mission House are open Monday through Saturday.
For more information see:
www.lymanmuseum.org or
contact
Vicky (PR Director),
vicky@current-events.com, 808-935-5021.
SEVEN WONDERS
Date: Through 12/31/09
Place: Hilo’s high-tech Imiloa Astronomy Center planetarium
Return to the past to visit the Seven Wonders of the ancient
world on Earth and then journey into space to learn about seven
wonders of the cosmos in this all new show digital show at
Hilo’s high-tech Imiloa Astronomy Center planetarium. Great for
kids and families. Shows at 1 and 3 p.m. Tuesday through Sunday.
Fee. For more information call (808) 969-9700 or visit
www.imiloahawaii.org.
HAWAIIANA LIVE
Date: Wednesdays, September 2nd - 30th
Time: 11am
Place: Palace Theater in
Hilo
A
unique 45-minute cultural tourism program onstage. Experience
Hawaiian history, traditions and culture through storytelling,
film, music, oli and hula. Topics change weekly as the program
revolves around the Hawaiian lunar calendar. Newly restored pipe
organ featured. Palace Theater in Hilo. Wednesdays at 11 a.m.
$5, children free. Call (808) 934-7010 or visit
www.hilopalace.com.
NEW WORLDS
Date: Thursdays, September 10th - October 8th
Time: 7:30pm
Place: Imiloa Planitarium in
Hilo
In this special Thursday evening
program, you’ll wear 3-D glasses for a journey to other star
systems to check out “exoplanets,” the hot topic in astronomy
today and which, say astronomers, have the potential for
harboring life. Entertaining and educational for kids and
adults. 7:30 p.m. Thursdays. Imiloa Planetarium in Hilo. (808)
967-9700 or visit
www.imiloahawaii.org.
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Kelly H. Moran
CCIM, CIPS, REALTOR®
E-mail:
Kelly@Hilo-Brokers.com
Web: www.KellyMoran.com or
www.Hilo-Brokers.com
Office: 808-969-9400 x11
Toll Free: 800-769-4456 x11
Mobile: 808-938-5757
Fax: 808-969-7900 |

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Hilo
Brokers, Ltd.
808-969-9400
400 Hualani St.
Bldg 21
Hilo, Hawaii, 96720
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Equal Housing Opportunity
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