The reasons to USE a Broker – interesting facts about advertising and going the extra distance

You’re finally ready to sell your house. But so are your neighbor and the couple down the street.This means you have to work harder at it than just a few years ago when putting a “For Sale” sign on your lawn might have been enough. A slow economy and a record level of foreclosures have caused the supply of housing to exceed demand in many markets. So competition among sellers is fierce.

Patience helps, too.While there are signs of life in some markets, in others a single family home that used to take 30 to 60 days to sell can languish for many months—if it sells at all. Ultimately desperate measures may be required, including accepting a big loss to get a deal done.

Here is a tip about using a Broker in your sale.

Do I hire a broker?

It may be tempting to avoid the few percent sales commission that brokers charge, but only 11 percent of homes sold without a broker in 2009, according to the National Association of Realtors.

But think hard about going this route. Homeowners selling on their own also can’t advertise on the popular online sites, such as Realtor.com, Trulia, MSN Real Estate and Yahoo Real Estate. Such sellers may be limited to listing on FSBO.com or in the local newspaper.

You’ll also need to handle everything from advertising to negotiating the deal. What’s more, you must be available for frequent showings, and you’ll have to know what’s going on in the local marketplace.

Using Bob Hansen as your Broker is such a luxury. We really take the pressure and legal responsibilities off our clients and make selling your property a breaze in Hawaii.

Have a great day*

(Karen L, Donna H, RAM, Maui News, MSN.com, YahooRealestate.com)

Hawaii’s economy predicted to grow!!

With the tourism industry improving, the state Department of Business, Economic Development and Tourism is slightly more optimistic about Hawaii’s economy for this year and next.

The department said Thursday that it expects that international economic conditions plus increasing tourism arrivals and expenditures in Hawaii will help sustain a gradual economic recovery in the islands.

“We are pleased by the strong performance of our tourism industry,” department Director Ted Liu said. “We have seen job gains in the tourism-related fields during the first half of the year, and this will have a ripple effect that will help minimize job losses in other sectors during the second half of the year.”

The department’s updated forecast for 2010 real gross state domestic product is for 1.2 percent growth, slightly higher than the 1.1 percent forecast last quarter.

Department officials now predict total visitor arrivals to increase 4.6 percent this year, up from a 2.6 percent jump expressed in the previous forecast.

Visitor expenditures are now expected to increase 8.2 percent in 2010, 3.3 percentage points higher than the department said previously. Total visitor days are projected to increase 4.1 percent in 2010, compared to the 2.5 percent increase projected in the last forecast.

Meanwhile, total wage and salary jobs in Hawaii are now expected to decline 0.6 percent in 2010, better than the 0.9 percent decrease previously projected, the department said.

“Assuming continued improvement in national and international economic conditions, a gradual pace of recovery will likely continue next year and into 2012 and 2013, barring unforeseen events,” the department said.

Hawaii’s visitor count isn’t expected to recover to its 2007 peak level of 7.6 million until 2013, and the wage and salary job count will take longer to reach its peak year of 2007 with 631,000 jobs, it said.

(Maui News)

$65K fine sets record for shoreline infringement – Mauinews.com

The largest fine for shoreline setback encroachments ever imposed by Maui County was approved as part of a settlement agreement by the Maui Planning Commission on Tuesday.

Larry and Sara Dodge, of Rancho Santa Fe, Calif., and Makena, will pay $65,000 to settle four county violations, remove a wall and seek after-the-fact permits for repairs done to their deck.

The settlement still requires the signature of Mayor Charmaine Tavares, and before the Dodges can remove the wall they will need permits from the state Department of Land and Natural Resources.

Their lawyer, Paul Mancini, told the commission that the Dodges “have been through a hellish nightmare for three years” since purchasing the 17,000-square-foot lot at Paako Beach, also known as Secret Beach, for $6 million.

The five-bedroom house was a fixer-upper, assessed by the Real Property Tax Division at only $250,000, and, according to Mancini, the Dodges made repairs to their deck and built what the settlement describes as a “planter-box wall.”

DLNR officials decided that, since it was at least partially built on sand, it was in the state conservation district and required a conservation district permit. Once the county became aware of the state position, it issued violations for work in the shoreline setback area without a setback permit or a special management area permit.

Similar violations were issued for the deck work.

Deputy Corporation Counsel Mimi Johnston described the fines as the largest of their type ever imposed by the county.

The long negotiations for a settlement were complicated “by cross-jurisdictional issues,” Mancini said.

The house also needed roof repairs, but the owners could not get a permit for that until they cleared up their outstanding violations on the shoreline problems.

Commission member Ward Mardfin noticed that in one place in the agreement the wall was described as a seawall, and he asked whether the work involved “hardening of the shoreline.”

Mancini said: “There is some question about exactly what it is,” but he described it as “rocks fronting a sand beach,” at least in part. He also said the spot was “perceived by some to be conservation land.”

The term “planter-box wall” was agreed to after discussions. Johnston said “a big hurdle” in the settlement talks was how to characterize the wall.

Mancini described the situation as “very complex,” especially after the DLNR citation was treated as a contested case.

Now that the county issues are on the verge of being disposed of, Mancini said, “I think the state will be cooperative with us” in authorizing permits to remove the wall.

The beach in question is a tiny pocket beach with scattered lava rocks jutting out of the sand. It is a favorite spot for weddings.

Filings finally drop in Hawaii

– Hawaii has broken its streak of more than three years of rising real estate foreclosure filings.

Irvine, Calif.-based RealtyTrac reports that there were 930 foreclosure actions statewide in July, a 6 percent decline from the 990 in the same month last year.

It was the first year-over-year drop for any month since May 2007, a string of 37 straight months.

This report comes after RealtyTrac said last month that foreclosures in Honolulu increased 72 percent in the first half of the year compared to the first six months of 2009.

July’s foreclosure count was the lowest for any month since 872 filings in November. The peak was 1,534 in December.

Maui News

Maui Lani’s commercial project clears panel’s review

WAILUKU – Kainani Street continues to bedevil developer HRT Ltd.’s plans to build a shopping center around a Safeway supermarket across from Baldwin High School.

Critics have raised concerns about how the project would affect traffic and safety on the residential road located just mauka of the planned commercial center.

In their latest proposal, the developers proposed installing a raised curb to cordon off Kainani Street where it turns right onto Kaahumanu Avenue. The so-called “bulb-out” would prevent cars headed out of Wailuku toward the new shopping center from merging into traffic from Kainani Street.

But the idea wasn’t popular, and some said it would make the intersection more dangerous.

“The only thing positive that can be said about the bulb-out is that it’s close to the hospital and the police station,” quipped Planning Commission Chairman Jonathan Starr.

Upon learning that state Department of Transportation Director Brennon Morioka had asked for the traffic-flow device, Starr asked developers’ consultant Mike Munekiyo to write Morioka and ask him to reconsider.

The planning commission approved a finding of no significant impact and accepted an environmental assessment for the project. But the vote was split 5-3, with those voting “no” expressing concerns over traffic and Native Hawaiian burials on the site.

Commissioner Ward Mardfin was among those voting against, and he moved to defer the matter for more discussion. Commissioners Penny Wakida and Lori Sablas voted with him.

The majority voting to accept the report were Commissioners Jack Freitas, Kent Hiranaga, Donna Domingo, Warren Shibuya and Orlando Tagorda.

Starr did not vote, as is customary for the chairman of the commission, who usually votes only to break a tie.

The majority noted that Tuesday’s action does not stop the discussion or preclude further demands of the developer when it comes in for phase two project district approval.

The panel is awaiting a report from the Maui/Lanai Islands Burial Council about graves on the 12-acre site. Consultant archaeologist Lisa Rotunno-Hazukan said 19 burials have been discovered in the sand, with the possibility of more when excavation for the 105,000-square-foot center is done.

Twelve are to be left where they now lie near the intersection of Kainani and Kaahumanu, while three or four other burials that currently lie in the path of the entrance road are to be moved to join the larger group. Three other individual burials will be kept where they are in the parking lot, covered with stones and marked off with fences.

This arrangement was planned in consultation with the burial council, but it has not satisfied nearby resident Clare Apana, who says that she is a spiritual practitioner responsible for the area.

The Maui Lani development, of which Maui Lani Shopping Center is a commercial component, overlaps part of the historic battlefield of Kakanilua (which is said to have been fought between Native Hawaiian armies from the Big Island and Maui over an area from Sand Hills to north Kihei). The site is especially sensitive because many chiefs of the Big Island were killed by the Maui army.

Rotunno-Hazuka said the burials discovered so far don’t show any signs of battle trauma and that several are women, children or infants.

Apana complained that she had not been allowed to submit information for the cultural inventory assessment before submission of comments on the draft EA, but HRT cultural consultant Kimokea Kapahulehua said he had contacted her and would consult with her before the process ended.

Apana objected to considering the shopping center lot in isolation, saying that burials have been discovered throughout Sand Hills and that more will be found. Kane Akua said development “never leaves time for the ancestors.”

Theresa Wright, who said she had initially opposed the center when she “heard rumors” about it in 2007, said she is now satisfied with changes made since she began meeting with the developers.

She would have preferred that it be located elsewhere, but she was pleased that it is now smaller than the 130,000 square feet originally proposed, and especially that Kainani, the entrance to Sand Hills subdivision, will not be used as an entrance into the shopping center.

Munekiyo said HRT is in discussions with Baldwin High to see what can be done to move school traffic more efficiently.

He said if more unloading space can be found, it should be possible to handle school traffic more efficiently, which in turn would help mitigate problems on Kaahumanu Avenue.

It was the prospect of managing traffic from the high school, plus the shopping center plus commuters, on a main artery that caused the state Highways Division to insist on changes to the traffic pattern.

That led to a somewhat complicated arrangement that will provide an “auxiliary lane” from the exit of the shopping center on Kaahumanu leading down to Maui Lani Parkway. A traveler would not have to enter the main flow on Kaahumanu before ducking off into Maui Lani

(Maui News)