Browsing Posts From: Blogs

Leasehold in Hawaii

The purchaser of leasehold property in Hawaii should be aware that they own the improvements made on the land, such as a condominium or a house, but they do not own the land. The land is leased for a set period of time from the original date the development took place. Most leases fall within a time period from 50 to 90 years during which time the pre-stated raises and renegotiation dates may take place. Renegotiation is done fair and equitable as outlined in the condominium documents. An appraisal of […]

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Posted In: Blogs, Buyers

5 Tips for Staging Your Home Yourself

So you’ve decided to sell your home. While you’re preparing for this next chapter in life, keep some of your attention and energy on the importance of preparing your home to outshine all others on the market. Selling your home in the shortest amount of time, receiving your asking price and having an all-around flawless sale can be achievable if you properly prepare this (very large) item you’re about to sell. Here are my tips to ensure that success. 1. Emphasize the idea of move-in ready A neutral palette (regardless […]

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Four Things You Should Know Before Buying a Vacation Rental on Maui

According to a National Association of Realtors survey, an estimated 1.13 million vacation homes were sold in the US in the last year. If you’re considering ownership of a Maui vacation home that will also serve as an investment property, there are four things you should know before buying. 1. If you’re buying a Maui vacation home and plan to rent it out when you’re not on Maui, make sure you have the financial backing to care for the property without the income from the rental. The good news is that buying any kind of […]

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Credit Scores 101

Credit scores are the shorthand that banks use to make lending decisions. If your score is high, you get better terms for borrowing. If your scores are low you might not get a loan at all, or you’ll have to pay interest rates that would make a loan shark blush. First comes your credit report. Three credit reporting bureaus, Experian, Equifax and Transunion, independently gather information from landlords, government agencies, credit card issuers, and other creditors. The reports are divided into four main sections, personal information, credit history, public records, […]

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Posted In: Blogs, Mortgage

Homeowner’s Net Worth is 45x Greater Than a Renter’s

Every three years the Federal Reserve conducts a Survey of Consumer Finances in which they collect data across all economic and social groups. The latest survey, which includes data from 2010-2013, reports that a homeowner’s net worth is 36 times greater than that of a renter ($194,500 vs. $5,400). In a Forbes article the National Association of Realtors’ (NAR) Chief Economist Lawrence Yun predicts that in 2016 the net worth gap will widen even further to 45 times greater. The graph below demonstrates the results of the last two Federal Reserve studies and Yun’s prediction: Put Your Housing Cost to Work For You […]

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Posted In: Blogs, Buyers

Home Sales Up Year-Over-Year

Some Highlights This is the 48th consecutive month with year-over-year price gains. Lawrence Yun, NAR’s Chief Economist says that, “The main issue continues to be a supply & affordability problem. Finding the right property at an affordable price is burdening many potential buyers.” Inventory is still below historic norms at a 4.4 month supply. The best time to purchase that dream home is now. Check out these amazing properties you’re just going to love.

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Vacation Home Sales Reach 2nd Highest Mark Since 2006

Posted In: Blogs, Buyers, Sellers

Barry and Carol are responsive, knowledgeable, super pleasant to tour with

Barry and Carol are responsive, knowledgeable, super pleasant to tour with and a great representation of the Aloha Spirit. They knew all of the ins and outs of each neighborhood and had great local insight for places to check out on our vacation. We plan to buy on Maui eventually and will definitely be back to use them! Jackie R. Marina/Cow Hollow, San Francisco, CA   See below for available properties in West Maui:

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Posted In: Blogs, Testimonials

Real Estate: 2016 Will Be the Best Year in a Decade

A few weeks ago, Jonathan Smoke, the Chief Economist at realtor.com, exclaimed: “All indicators point to this spring being the busiest since 2006.” Now, Freddie Mac has doubled down on that claim and is saying that 2016 will be the best year that the real estate industry has seen in a decade. In their March Housing Outlook Report, Freddie Mac explained: “Despite the challenges facing the housing market, we expect this to be the best year for housing in a decade. Home sales, housing starts, and house prices will reach […]

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228 Crestview,  Lahaina, Hawaii 96761

Home For Sale In Pineapple Hill Estates – Casual Elegance only begins to describe this brilliant 4+ bedroom, 4.5 bath luxury home, the ‘Prince of Polynesia’, in exclusive, gated Pineapple Hill Estates, offering magnificent 180 degree ocean & island views from a totally private poolside setting. Luxurious yet functional, with an ocean view master suite, 3 guest suites, & 2 bonus rooms available for use as additional bedrooms, every possible amenity is included–gorgeous granite counters, travertine & Brazilian cherry wood floors, mahogany cabinets, top of the line appliances, rich inlaid […]

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The Fear Of Change In Your HOA

There is an expression, “If you ever truly want to understand something, just try to change it.” When a new board takes charge, pumped full of ideas and enthusiasm, it’s often met with resistance. Do these sound familiar? Pay higher fees? Are you nuts? We should lower them! Take down my 40 foot flagpole? I’m entitled to Free Speech! What do you mean “change the paint color”? If it was good enough in 1985, it’s good enough today! Tow my wrecked ’68 Ford Pinto out of the Fire Lane will […]

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The Equity Boom Might Be Making You Money

Have you ever checked out your bank account online only to discover you’re $50,000 richer than you were yesterday? That may sound like the sort of thing that happens only in fairy tales and lottery advertisements, but it’s happening right now to millions of homeowners across the nation. How does it happen? Homeowner equity is the largest source of wealth for many Americans, and as I speak, an equity boom is underway, raising homes values over the past three years as prices recover from the housing crash.The evidence suggests we’re […]

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Posted In: Blogs, Buyers, Mortgage

Lawmakers to discuss funding for housing, long-term care

HONOLULU – Facing down a projection that Hawaii will need an additional 60,000 housing units to meet long-term demand over the next five years, state lawmakers plan to chip away at deciding how much money they’re willing to spend to solve the problem. The legislative committees that make decisions about money will take up a slew of bills related to housing development, public housing repairs, rental assistance and low-income tax credits today. Sen. Jill Tokuda, chairwoman of the Senate Ways and Means Committee, wants the state to set a goal […]

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Barry and Carol Made It Happpen

Barry and Carol made it happpen – an ocean front condo (with a million dollar view) in a specific West Maui complex for the price we wanted! What else can you ask for? They wouldn’t drop the ball even when the deal seemed dead and we were no longer on the island. They were always available; honest, hard-working, personable, and ultimetly effective agents. We would highly recommend them. They are experts on the Maui scene. – Loren & Mary Moorhead

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The New Math on Reverse Mortgages

The reverse mortgage has won some new respect. A decade ago, most financial advisers would roll their eyes at the mention of reverse mortgages, loans that give homeowners an advance on their home equity and allow them to delay repayment until the home is sold. Such products, these advisers used to say, weren’t for their clients, but rather for those who didn’t prepare financially for retirement. One important change, the Reverse Mortgage Stabilization Act of 2013, prevents homeowners in most cases from taking all their equity at once—roughly 40% of […]

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Posted In: Blogs, Buyers, Mortgage

Lahaina Home For Sale, 80 Iliahi Lot 2 Unit A

A fabulous new 5 bedroom, 5 1/2 bath, uniquely Contemporary Plantation Design home with gourmet kitchen, pool, & 3 car garage, to be completed in February of 2016 (call for updates). Click Here to Schedule a Showing: Offering stunning whitewater ocean & sunset views, with the beautiful West Maui mountains & frequent rainbows as a backdrop, this private, pristine 2.57 acre homesite is in one of Maui’s most desirable neighborhoods. Located minutes from historic Lahaina town’s shops, activities, harbor, & award winning restaurants, with family-friendly swimming & surfing at popular […]

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Posted In: Blogs, Buyers, Lahaina

The Top 5 Reasons You Should Not For Sale By Owner

In today’s market, with homes selling quickly and prices rising, some homeowners might consider trying to sell their home on their own, known in the industry as a For Sale by Owner (FSBO). There are several reasons this might not be a good idea for the vast majority of sellers. Here are five of those reasons: 1. There Are Too Many People to Negotiate With Here is a list of some of the people with whom you must be prepared to negotiate if you decide to For Sale By Owner: The buyer who […]

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Posted In: Blogs, Sellers

Resort installs photovoltaic system

Jeff Bedard, managing partner of Resort Energy Ventures, speaks Feb. 22 at the dedication of a new rooftop photovoltaic system at the Hyatt Regency Maui Resort & Spa. The system that took three years to plan but only six months to install will supply more than 6 percent of the resort’s annual power needs, the equivalent of supplying 158 homes, resort officials said. Resort Energy Ventures was the project manager and designer of the system and HNU Energy was the contractor. The partnership also included Hyatt Hotels Corp., Host Hotels […]

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Posted In: Blogs, Lifestyle

Maui Ocean Front

OCEANFRONT! PRIME OCEANVIEW!   LARGE 1 BEDROOM IN KAHANA ROYAL 4365 Lower Honoapiilani – Napili/Kahana/Honokowai   $549,000 Fee Simple MLS: 366474 This brilliant beachfront apartment in one of Maui’s most popular condominiums has it all: southwest exposure offering stunning views of sunsets, surf, & whales in season from both the living room AND bedroom; recent, custom renovation with new stainless appliances, granite counters, etc. (over $50,000 in upgrades); central AC; W/D; extra storage; with furnishings included, ready for your enjoyment as a great vacation rental, second home, or your personal home […]

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The Main Reason to Use a Real Estate Professional When Selling Your House

Every homeowner hopes to accomplish five goals when selling their home: Sell it for the best price Sell it within a predetermined time Sell it with the least amount of hassles Close on the sale the same day they move into their new home The fifth reason is the most obvious and the most important: They want to make sure it sells.    In order to dramatically increase the chances that the house sells, a homeowner should list with a real estate professional in their market. Why? Because agents have […]

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Posted In: Blogs, Sellers