05 Jan, 2012 | Author: | Comments Off
The Trump Tower Waikiki is a combination of condominiums and hotel rooms. It claims to be the first of luxury hotels in Waikiki. This building is home to many different luxuries. One of the biggest is that it is only a few steps from Waikiki’s world famous beaches. It is also a part of the Waikiki Beach Walk development. This means that it is near many entertainment options and offers exclusive boutiques and world-class restaurants.
This tower is 32 stories high. This makes it 350 feet high. There are 462 guest rooms and suites. The units range from 350 to 3,000 square feet. Before the building even opened in 2009 most of its condominiums were already sold and made record setting headlines. Many of the rooms have breathtaking views of the Pacific Ocean as well as Fort de Russy Park and Diamond Head. There is also an excellent view of the Honolulu skyline and the Ko’olau Mountains.
The entire tower is made to operate like a 24-hour hotel. There is always a staff on hand able to comply with anything an owner or guest might like. Some of the services that guests will be able to use anytime of the day or night are room service, valet, and porter service.
There are also exceptional amenities available. The rooms have floor to ceiling windows that will give guests spectacular views. Each room also has a gourmet style kitchens and a lavish marble bath. All the rooms have contemporary interiors and island deco finishes. The sixth floor has an infinity pool for residents and guests to enjoy complete with an expensive lanai deck. Other perks of the tower are the Wai’olu Ocean View Lounge, In-Yo Café, The Spa at Trump, a state-of-the-art fitness center, and a library.
This condo-hotel has quickly turned into a great place for people to purchase vacation homes. Many people might even find they love living here year round. This place offers everything anyone could expect to want in a high class building. Not to mention it is set in a prime location, so that residents will be able to enjoy the fast paced life and excitement of Oahu.
Category Hawaii, News, real estate |
08 Oct, 2011 | Author: | Comments Off
The safe answer is, “Yes,” always. However, in most of the country and especially on the West Coast, buyers almost never consult attorneys before signing a purchase agreement. Indeed, while on the East Coast real estate attorneys are readily available, on the West Coast it’s hard to find one. In practice, the vast majority of purchases conducted by agents and signed without benefit of an attorney go perfectly well. However, if something f should go wrong, then you could rue the day you didn’t first seek competent counsel.
A purchase agreement is intended to be a legally binding contract. When I first became involved in real estate over 30 years ago, it was a single-page document with a few paragraphs of standardized text and the majority of items written in by hand.
Today it’s typically 5 to 10 pages long, consisting almost entirely of paragraphs crafted by attorneys. About the only thing left to fill in is the address, the price, the deposit, and the loan amount.
The reason for the metamorphosis in sales agreements is that over the years litigation between buyers, sellers, and agents has demonstrated that the old contracts were loose and easily broken. Today’s contracts are designed to be tighter and more difficult for either buyer or seller to break. The way this is accomplished by agents (who for the most part are not attorneys) is to try to foresee all the potential problems and then have a lawyer construct the appropriate language in a prewritten contract. In essence, almost everything in a modern contract is boilerplate, standardized legally vetted paragraphs.
However, purchase agreements cannot foresee all possible problems. Often contingencies must be written in, and sometimes the situation of the buyer, seller, or the property is unusual. Only you, or your attorney, can protect your interests here.
Be wary, however, of attorneys who seem to go out of their way to earn their fee by adding complicated clauses that give you excessive protection. In their zeal to protect you, the attorney may create an offer that is so one-sided, the sellers won’t accept. It’s an old joke in real estate that when you bring in the attorneys, you throw out the deal!
Many buyers (probably a significant majority) who have purchased Hawaii real estate in the past did not use attorneys and quite successfully completed transactions. On the other hand, if this is your first time out, or there is anything unusual about the transaction or anything you are concerned about, you probably will want to get a lawyer to look things over for you, just to be sure. (Attorney’s fees here are usually quite low – $500 to $1000 to handle the entire transaction!)
Also the vast majority of Honolulu real estate agents are not attorneys. Indeed, when asked to give legal advice, they will almost universally respond that they are not qualified and will not do so. Nevertheless, I have known many agents whose practical knowledge of real estate law far exceeds that of many attorneys I have known!
Category real estate |
