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 […]

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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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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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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
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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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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