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2015-02-09T00:00:00.000Z

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Wrong Bernie Tong?

Bernie Tong

Direct Phone: (808) ***-****       

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Prudential Locations LLC

614 Kapahulu Ave Suite 200

Honolulu, Hawaii 96815

United States

Company Description

Prudential Locations has been helping kama'aina make wise real estate decisions since 1969, and we've grown to become the largest locally owned and operated real estate company in the state. Built on a foundation of integrity and forward vision, our abili ... more

Find other employees at this company (212)

Background Information

Web References (11 Total References)


"Low inventory in real estate is ...

www.sandislehawaii.com [cached]

"Low inventory in real estate is a good indicator that the market is stabilizing," says Bernie Tong, Realtor and partner at Prudential Locations.

...
"Our inventory levels are so low, we're seen multiple offers on existing listings, sometimes for a higher than asking price," says Tong. "The tax credit means more buyers are out there right now, and low inventory means less competition for sellers for all these buyers."
Historically, inventory drops can be an indicator that prices are ready to rise. While it's anyone's guess as to whether that will happen or not this time, this unique market does has an upside for some buyers.
"This is a great market for move-up buyers," says Tong.
...
Downsizing is also a trend that Tong is seeing more often as a way to reduce expenses or to move into something smaller and reduce maintenance and lowering utility costs. She recently helped a couple sell their 40-year old 3,400-square-foot home to buy a brand new 1,600-square-foot home in Ka Makana, in Ewa. They now have half the square footage and very little maintenance, since the house is newly built.
"The low inventory means it's fairly easy to sell a home right now," says Tong. "I was recently trying to schedule a showing of a short sale in Ewa Beach and the listing agent told me she'd already received six offers in one week on the property and has stopped showing it."
Tong attributes the drop in inventory to several factors including the tax credit, an increase in consumer confidence, and the time of year.
"Sellers historically will pull off listings around the holidays," she says.
...
Tong says it's simple: To get the tax credit, a buyer needs to be in escrow by April.
"I've been advising my clients with entry level properties to list now because there are more buyers out," she says.


10/5/2011 1672 Kanalui St, Honolulu, HI 96816 | MLS ID 1015963

www.hawaiihomelistings.com [cached]

Listed By Bernie Tong of Prudential Locations LLC.


Sandwich Isles Realty, Honolulu Hawaii Luxury Real Estate News

www.sandislehawaii.com [cached]

"Low inventory in real estate is a good indicator that the market is stabilizing," says Bernie Tong, Realtor and partner at Prudential Locations.

...
"Our inventory levels are so low, we're seen multiple offers on existing listings, sometimes for a higher than asking price," says Tong. "The tax credit means more buyers are out there right now, and low inventory means less competition for sellers for all these buyers."
Historically, inventory drops can be an indicator that prices are ready to rise. While it's anyone's guess as to whether that will happen or not this time, this unique market does has an upside for some buyers.
"This is a great market for move-up buyers," says Tong.
...
Downsizing is also a trend that Tong is seeing more often as a way to reduce expenses or to move into something smaller and reduce maintenance and lowering utility costs. She recently helped a couple sell their 40-year old 3,400-square-foot home to buy a brand new 1,600-square-foot home in Ka Makana, in Ewa. They now have half the square footage and very little maintenance, since the house is newly built.
"The low inventory means it's fairly easy to sell a home right now," says Tong. "I was recently trying to schedule a showing of a short sale in Ewa Beach and the listing agent told me she'd already received six offers in one week on the property and has stopped showing it."
Tong attributes the drop in inventory to several factors including the tax credit, an increase in consumer confidence, and the time of year.
"Sellers historically will pull off listings around the holidays," she says.
...
Tong says it's simple: To get the tax credit, a buyer needs to be in escrow by April.
"I've been advising my clients with entry level properties to list now because there are more buyers out," she says.


An overpriced property will take longer ...

realestate-oahu.com [cached]

An overpriced property will take longer to sell, and in today's market, the longer you're on the market, the less money you'll get, according to Bernie Tong, Realtor and partner at Prudential Locations LLC.


Hawaii Real Estate Agent: Honolulu, Waikiki, Maui, Oahu Homes For Sale

www.realestate-oahu.com [cached]

An overpriced property will take longer to sell, and in today's market, the longer you're on the market, the less money you'll get, according to Bernie Tong, Realtor and partner at Prudential Locations LLC.

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