Browsing Posts From: Buyers

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 […]

... Read More

Posted In: Blogs, Buyers

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 […]

... Read More

Posted In: Blogs, Buyers

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 […]

... Read More

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.

... Read More

Posted In: Blogs, Buyers, Sellers

Vacation Home Sales Reach 2nd Highest Mark Since 2006

Posted In: Blogs, Buyers, Sellers

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 […]

... Read More

Posted In: Blogs, Buyers

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 […]

... Read More

Posted In: Blogs, Buyers

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 […]

... Read More

Posted In: Blogs, Buyers

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 […]

... Read More

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 […]

... Read More

Posted In: Blogs, Buyers

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 […]

... Read More

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 […]

... Read More

Posted In: Blogs, Buyers, Lahaina

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 […]

... Read More

Posted In: Blogs, Buyers

4435 Lower Honoapiilani #152,  Lahaina, Hawaii 96761

One of West Maui’s best priced 2 bedroom vacation rentals, this condo has it all–fully furnished and ready to go, with a fantastic rental history. Click Here To Schedule a Showing Tastefully remodeled with granite countertops, pendant lights, & stainless appliances in the kitchen; and tiled shower/spa tub, granite counter/designer sink, and stack washer/dryer in the bath. Perfectly located between the world class resorts of Kaanapali & Kapalua; adjacent to Kahana’s fine restaurants, banks & shops; and a 10 minute drive to historic Lahaina Town’s famous restaurants & harbor activities. […]

... Read More

Posted In: Buyers

Maui Real Estate Sales Stats for Feb 2016

It’s All About the Numbers See below for “The Numbers” for Maui County Real Estate Sales or call us with any questions that you may have. 808-870-8888    

... Read More

Posted In: Buyers, Mortgage, Sellers

5 Factors to Weigh When Deciding What Size House to Buy

When deciding what size house you and your family need, you need to evaluate a number of factors. Most people lean toward the larger homes, but it is important to weigh the pros and cons of each option. 1. What are my long-term needs? The first step is to determine how long you plan to live in your home. Then you need to evaluate your size needs over that time period. For instance, do you plan to live in the home for at least 10 years and have three children? Or […]

... Read More

Posted In: Buyers, Lifestyle

239 Kamalei,  Kahului, HI 96732

Click Here To Schedule a Showing Wonderful, spacious custom home with 2892 sq. ft. of air conditioned living area, ALL ON ONE LEVEL, in the gated, sought-after The Islands Subdivision in Maui Lani–close to shopping, schools, hospital, the airport and harbor. You’ll be amazed by the beautiful gourmet kitchen with curved granite & Corian counters, open to the gracious living room–ideal for entertaining. Features include stainless appliances including Wolf gas range, Subzero side-by-side refrigerator, dual D/W, bar refrigerator, & ice maker; also, Jacuzzi/steam/sauna in the master bath, den, tile roof, […]

... Read More

Posted In: Buyers

Harvard: Why Owning A Home Makes Sense Financially

We have reported many times that the American Dream of homeownership is alive and well. The personal reasons to own differ for each buyer, with many basic similarities. Eric Belsky, the Managing Director of the Joint Center of Housing Studies at Harvard University expanded on the top 5 financial benefits of homeownership in his paper –The Dream Lives On: the Future of Homeownership in America. Here are the five reasons, each followed by an excerpt from the study:  1.) Housing is typically the one leveraged investment available. “Few households are interested in borrowing money to buy […]

... Read More

Posted In: Buyers

What is a good down payment?

You’d be a homeowner right now if it weren’t for one thing: the down payment. Right? Even for those who have decent credit and make good money, the down payment is often the great homeownership killer. For many others, who do have enough money set aside to make a substantial down payment, the question is: how much? Conventional wisdom—not to mention most of the banks and a good portion of homebuying and financial experts—will tell you that 20 percent is the standard bearer when it comes to down payments. But […]

... Read More

Posted In: Buyers

Don’t Fight the Home Inspection

Question: We are selling our house and have just received an offer to purchase. The offer contains a contingency for the buyer to obtain a home inspection report. The buyer is asking for a general inspection contingency, but our real estate broker is advising us to use the specific inspection contingency. Can you explain the difference and give us some assistance? Answer: In my opinion, it is imperative for a homebuyer to obtain a home inspection after the contract for sale is signed by all parties. Buyers often purchase real […]

... Read More

Posted In: Buyers, Sellers