Maui Real Estate

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4 Questions Home Sellers Should Ask to a Realtor

realestate1With over 2.5 million real estate agents out there finding the right one for your transaction is tough. So when you are meeting a real estate agent for the first time, you need to be a little inquisitive and self-assured when it comes to the details you want for your house. In this article, I will guide you to the few things you should ask your realtor so you can get a better deal.

The two most important and commonly asked question when it comes to listing homes are (1) How much do I get for my property? (2) How much will the commission be. Beyond that, most first-timers ask nothing more. If you ever get tongue-tied or brain-freeze during your first time the following questions are something you should think through.

realestateJob Experience: There is no magic number when it comes to experience. But this can be a good way to open up a conversation before throwing the two most important question. A home is typically the costliest transaction in business and you would want to deal with the most competitive real estate agent.

Marketing Plan: Ask how your agent is going to market your home to a great number of potential buyers. In fact, it is wise to look at the past listings and marketing track record to assess potential success. This time, you want to make sure that your house gets good advertising at a fair price. Otherwise, it might take forever to sell your house.

Communication Basics: How will you communicate together? What channels are you going to use? In selling your home, communication is very essential and right now there hundreds of media you can use. So you need to make sure which option will work best for you. Should you email, call, or tweet each other? As a matter of fact, realtor with Facebook, Twitter, or LinkedIn can pose advantage on your end because they are easy to reach out.

Experience working with buyer: Some agents only work with home sellers but some do both. So try to ask your agent if he has successfully worked with buyers in the past. Experience in working with past buyers basically gives realtor the insights and perspective that makes them an effective negotiator.

success-realtorAgent’s sales stats: If you want to know how knowledgeable in home pricing your agent is, you would want  to ask his sales stats. Inquire in a subtle way for a list-to-price ratio. This is the final sale price apportioned by the latest listing price. If the percentage is 100 percent or more, the agent’s home sells for more than the listing price. The next thing you should ask is the length of time, the house stays on the list. The average time a house stays in the market determines the ability of the agent to price appropriately.

Finally, put in mind that a good agent should know about how to go through the tricks and treats in real estate business. On the top of every good agent’s mind is success with the client and chosen industry. I hope this article has helped equip you better when dealing with a realtor. Feel free to comment your thoughts and questions.


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5 Must-Dos to Avoid Falling for the Wrong House

buying-a-houseLooking for a new home can be a daunting task. Unlike shopping in malls, there are a number of factors that you need to consider so you don’t fall in the wrong house. Buying a house can be a gamble too. You choose the wrong one, and you can end up head over heels with your choice and regret later. To think it involves a lot of money, it might be hard to get it back again.

So I am going to make it easier to you. In truth, you don’t need to rush when buying a home. Your realtor has all his time for you. Even if you are rushing for the holiday, it is far better to buy a house that meets your needs no matter what time of year. Here some things that you need to think through with a rational mind so you can have the right home and live happily with the people you physically  want to be with.

1. Look for houses within your budget.home

First of all, you need to have a budget. The median single-family home cost in Maui is around $435, 000 to $480, 200 – the price has gone up 4.4% over the past year. With this price you can already expect a one-story bungalow or 2-story concrete house with great location, good features, creative exterior and interior designs, and quality construction. Most expensive houses are sold in millions. For example, one of the costliest houses sold in Maui is the Walea house owned by Thom Weisel (founder of the Thomas Weisel Partners Group) which cost $29.3 million. However, you can expect the property to be really huge featuring 8 bedrooms, 8 bathrooms in a very vast lot along the coastline. If you are looking for houses near the coastline or along the beach, they are typically more expensive. The cheapest houses are sold around $140, 000 to $235, 000 and up depending on the location, house materials, design, and many other factors.

Oftentimes, the right house is not the biggest house of your dreams. Your dream house can be too huge to heat and cool, and cost even more considering some extra expenses in its upkeep. So try to use your budget as gauge in choosing your home. If your dream house is too expensive for you, you can look in some listings for average priced houses nearest to your imagined design.

walker-house-pool2.  Be sure to have a year-round amenities. 

A house that is well within your budget and has amenities that will make your stay enjoyable throughout the fall, winter, spring, and summer is perfect. If you want a house that has an outdoor swimming pool, you might want to save your money until fall or winter. Home prices usually drop during this season.

3. Shop with a real estate agent.Real-Estate-Agent-How-to-Select

A qualified real estate agent can help you go through the tricky process of buying a house. You might say that you don’t need one because you have an internet, and it basically lays down to you all the things you want to know. But you cannot really trust everything that is published online. If you have a real estate agent who has access to the MLS, you can get accurate and personalized information of your aimed house in the best way possible. Here are some perks of having a real estate agent:

  • He can give you a full disclosure of the house’s problems and can give you truthful advertising
  • He can advise you of the price you can afford and apprise you of the associated risks you might suffer in the long run
  • He will take care of the documents, and make you understand the pros and cons of the contract before you sign it

1895937958d8239e14ab37c6548f851d.pad-eeeeee.632x4744. Consider the distance you have to commute.

Whether or not you have a car, distance from home to work is something you need to consider when buying a house. Let’s
say you found a very affordable home which is 20% less your intended budget. However, it is located in the suburb and very far from the city center where you report for office. Well, if this is the case you may need to throw some questions to yourself such as: How many hours does it take to drive from home to work? Will I be spending more time with family? Will I really be able to save in the long run?

Your realtor can answer most of this questions but if you have some doubts, you can actually look for another option elsewhere. To give a narrower picture, let’s say the gas in Maui cost around $4.19/gallon and the distance you need to drive everyday is 35 kilometers back and forth. Now, you need to consider how much distance a gallon of gas can cover, not to mention some errands and getaways. From work alone, you might be spending more money on gas than your house’s monthly interest. If you consult your real estate agent, you can have all risks pre-calculated for your own convenience.

5. Consider your family’s opinion.familyopinion

What your family want matters a lot. If you are eyeing on a certain home, try to seek what your family can say about it. It feels better to stay together in one home that is loved by everyone. If you are not staying with a family, you can consult your partner or whoever you are staying with. You may pick up important pieces of advice that can lead you to purchase the right house.

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Handy guide when buying a home in Maui

hello 2So you have decided to buy a home in Maui but do not know where to start? Well, you are right in choosing Maui to be your next home with all its tropical scenery and very relaxing ambiance. Now, I am going to give you some tips and tricks to help you in the process of getting your new house.

First, you need to distinguish between vacation home and a family home. If you are already living in Maui and had plan on house 3moving into a new house, buying a family home is just like buying a real property in the mainland. However, buying a vacation house can be a little challenging and expensive. If you are set on buying a vacation home but do not have the capital to purchase in full price, avoid mortgaging your primary property to pay the price of your vacation home. Although vacation homes tend to have higher-than-average appreciation if you decide to sell them in the future, taking a second mortgage might lead you to financial troubles. However, if you really want to borrow money to buy a vacation home, you might need to take out another mortgage that gives you tax deductibles, otherwise it would not be too impossible for your taxes to ascend. Or you can have another option, which is to hold off until you get enough budget to purchase your dream Maui home outright.

Second, living on Maui is a little bit expensive than what you’ve been accustomed to in the city or mainland due to high state and local taxes. Some commodities are also priced a little higher due to rising demand. Whether you are purchasing  a vacation rental or full-time home, make sure that you have a list of your expected expenses, including clothes and food allowances. In fact, it would be a great idea if you can work with a reputable Maui realtor to get some quotes, and have a strong data-backed recommendation whether you can afford a certain property.

house 4Since we are now talking about working with a realtor, let me remind you that traditional home buying skills would still apply nowadays. In addition to those in the listings, a realtor can help you look for more beautiful options of properties to pick in Maui. Your realtor will also help you get through the rough roads of buying a real estate such as checking the location, inspecting the house, and even in pre-determining your taxes.

Next, you need to consider which neighborhood you would want to reside. Maui is a haven of beautiful neighborhood and I would not be surprised to find you too amazed to decide on the location. Nevertheless, you have a lot of choices. Just look here. If you want a huge front lawn or a wide backyard, the rural area would be a great place to settle. Upcountry Maui is also a wonderful location with several houses overlooking the dazzling Maui sea. But if you really want to be closer to the, you can choose a property near the beach, or near a school zone if you have kids studying.

When you finally have your home in Maui, make your first few weeks exciting by discovering its culture or better yet experience what island life is. As a tropical paradise, Maui’s culture is far off the city life. For example, you can find more 162houses made up of screened windows rather than air conditioning units. Nevertheless, you can have a lot of fun in several restaurants and try some exotic yet delicious foods. Fresh fruits and vegetables are very rich in the market and very economical. Of course, people in Maui are very friendly and hospitable. Here, you can feel love, warm, and a lot of friendship in the air.

I hope this handy guide helps you a lot. If you like to see more houses options in the market, you can check some wonderful properties here. Aloha!