Sign up for Hawaii home remodeling tips

Homebuyers Fair – Coming up Saturday at Convention Center

homes-0817-1The second annual Hawaii Homebuyers Fair, presented by the Honolulu Star-Advertiser, will be held Saturday, Aug. 23, from 9 a.m. to 2 p.m. at Hawaii Convention Center.

The free event will feature a guided trolley ride sponsored by “Our Kakaako,” which will highlight residential and retail projects in progress or planned for the near future and showcase Kamehameha Schools’ vision for the Kakaako neighborhood. These will include developments by Castle & Cooke Hawaii, Savio Realty, and Howard Hughes Corp.

“The Homebuyers Fair will provide attendees with the knowledge and tools they will need to get serious about homebuying,” said Cyd Kamakea, real estate advertising manager for the Honolulu Star-Advertiser and event coordinator for this year’s Homebuyers showcase. “They can visit exhibits and meet one-onone with professionals from real estate companies, new home developers, and lenders. They can attend workshops on home financing and homebuying, then hop on a trolley for the Kakaako tour. A tour guide will provide information on the various residential options for homebuyers as the trolley proceeds along the route, returning to the convention center at the conclusion of the approximately 45-minute tour. Departures will be scheduled starting at 9:30 a.m. and will continue throughout the day.

“We are reaching out to those potential first-time buyers who don’t realize that the dream of owning their own home can become a reality — all they need is a little education and the help of a professional to get started.”

Kamakea noted that one of the main concerns of buyers is financing their home purchase. To address that concern, lenders will be on hand at the show to provide on-the-spot pre-qualification for buyers and conduct informational seminars.

“Attendees should bring along their last two years of W-2 forms, tax returns, pays stubs, regular monthly expenses and down payment source information,” said Bank of Hawaii senior vice president Carol Marx. “With that data provided, we will be able to estimate your homebuying power based on the loan amount you can qualify for. With interest rates still relatively low and new condos coming on the mar-

ket, this is a service we are happy to be able to provide to potential buyers. Bank of Hawaii will also be presenting home financing seminars throughout the day. We encourage anyone hoping to buy their first home to stop by our booth to learn more about Bank of Hawaii’s first-time homebuyer discount. Also, buyers planning to purchase in any of the new developments should ask about our special financing offers and rate protection lock-in program.”

Prudential Locations will host two sessions of their popular First-Time Homebuyers Workshop at the fair. “Many people don’t realize that today’s low interest rates can make owning a home as affordable as renting,” said Realtor Carl Worthy, who leads the workshops. “So, we explain the nuts and bolts of buying a home in Hawaii and show how the tax benefits of homeownership can put dollars back into your pocket each month. Our goal is for people to come out of our workshops with a realistic game plan for how they can become homeowners.” Workshop attendees will be entered in a contest to win a GoPro video camera. Prudential Locations will also unveil a new mobile app for listings, open houses and property details, and its real estate agents will be on hand to answer questions.

Register for free parking by calling 521-9111 or by visiting the website

Open House Guide
Mortgage Rates