Hansen Ohana’s Maui News April 2020 Maui Luxury Real Estate LLC
As the old saying reminds us most years March comes in like a lion and hopefully goes out like a lamb. Well, one can only hope that to be true with all our hearts. The many events such as the beginning of spring break, St Patrick’s Day and soon Passover and Easter as well many other sporting events makes it tough to suddenly face a five week stay in place at home with the exception of essential service workers. Hopefully it won’t be longer than that. However, it could be.
Turning lemons into lemonade is the answer to keep things positive as we wait this pandemic away from as many as possible. Order games from Amazon. If you have kids this is a great time to teach them some cooking, plan a garden and then get it started. What about that garage or closet that needs attention. Most importantly, exercise! As you come up with some great ideas, please share them with us and we spread the word. The more we work together to help each other, the quicker time with fly by the better we will all be.
I have some great news. I recently read that warmer weather of 60 degrees and higher to melt the spikes on the corona virus spikes on the head making it harder for the virus to attach to the body to cause us illness. We are in the early stages on Maui and I am sure hoping that is the truth, so we have a light experience with it. We have had 25 cases so far on Maui.
Here’s our real estate update as of April 1, 2020: We attended the annual Wailea Community Assn. meeting.
There are a lot of plans to build property over the next ten years. Right now, they have a portion of the 75 unitsfor sale in 15 separate buildings which will have underground parking that. They have beautiful floorplans,many with gorgeous views and good locations. Prices started in the mid $1.5’s to millions higher andseem to be selling pretty rapidly. You can view them virtually, just let us know.
We are now featuring our listings virtually as well. You will feel like you are walking through them enjoying every possible detail. We figured this would be a good way for people to view them, ask questions and perhaps find their dream house or a great piece of land to start planning your dream home. Just go to our website at MauiRealEstate.NET
Up until the Shelter in place order we remained steady and occupied with showings for both our listings and buyers. Once the order was given everyone experienced an understandable slow down. It has not been a complete halt as there are several buyers that are considering our listings to shelter in place as they rather spend their time here in Maui then go to where the outbreak is more significant where they live. Our escrows have mostly proceeded on without incident but there have been extensions put in place on some, and small price negotiations on another.
With the institution of lower interest rates eleven million Americans applied to refinance their properties which has somewhat slowed the process down for traditional financing. With the high demand this has pushed rates up which will likely be temporary during this short-term hardship. The rates dropped to 3.25% for a very short period, then they shot up to 4.5% with the high demand and now they have already lowered to 3.75% at the time of writing this.
Mortgage relief is available and qualifications vary loan to loan and well as the impact to your credit but it is important THAT YOU CONTACT YOUR MORTGAGE COMPANY AS SOON AS POSSIBLE
With all the potential buyers now glued to social media we have significantly increased our advertising online by offering additional video tours, video opens and virtual tours as you can see by the links below.
Virtual Home Tours:
Maalaea Surf Unit E3:
Na Hale O Makena Unit D102:
Walaka Unit 305:
Grand Champions Unit 180:
May all good things come your way – laughter, gratitude, good health and good friends
Bob Hansen PB R(B) Clint Hansen BIC R(B) Donna R(S)
808-283-9456 808-280-2764 808-280-1650