We at the Hansen Ohana continue to strive for ways to better serve the needs of our clients or future clients. We proudly present the Hawaii Real Estate App. A wonderful tool to help you in your real estate search needs. View homes based on region or subdivision. Keep a watch on your favorite listings! Available now to download at no charge!
Real property tax problems such as delinquent taxes and incorrect condominium classifications can be avoided by keeping RPT mailing addresses current.
12/31/2012 is the filing deadline for the home owner exemption, circuit breaker tax credit, ag zoning, ag use valuations and condominium classifications.
*All forms are available at www.mauipropertytax.com
According to Inman News, almost every major market in the U.S. has posted double-digit decreases in listings for sale.
With the decreasing inventory, buyers are getting more frustrated with what’s available. According to a recent survey by Redfin, 7 out of 10 homebuyers surveyed reported that they’ve faced competition on at least one of their offers recently, but 31 % say they would back off when faced with a multiple offer situation.
Our recommendation is that if you are interested in a property that is priced right, make your highest and best offer right away. We see all too often when buyers come in at 80 % of what the property is worth, try to negotiate, and end up losing the property to another buyer that made a higher offer.
The inventory on Maui has also decreased in all districts. See inventory report from August to September 2012. The Central Maui and Kihei areas now only have 4 months of available inventory.
The Hansen Ohana has experienced the exciting rebounding of our real estate market. The foreclosures (REO’S) are far and few between, short sales (also nicknamed long sales since they seem to take forever) appear to be dwindling, and with most people believing that the interest rates won’t remain low in 2013, we have been observing less and less inventory available and anything priced right and presented to the public appropriately sells immediately, sometimes with multiple offers. Lasts night we had Bay Area guests visiting and they were discussing how their real estate market has rebounded. So, if you are thinking about purchasing on Maui and getting a great value, NOW IS THE TIME! Call us at 808-879-3667 or email us at dad@MauiRealEstate.NET Our website MauiRealEstate.net allows you to search on your own controlling how you are notified about properties fitting your profile. Here is an article published in the Maui News about the recovery of the construction industry. This will mean more jobs for the residents here on Maui. http://www.mauinews.com/page/content.detail/id/564763.html/?
The June statistics from the Realtor’s Association of Maui (RAM) showed some very interesting developments. June’s Residential Sales rose to a 14 month high of 86 homes while Condo Sales rose to 120 Condo units sold. The Residential home median price rose dramatically to $575,500 (a 46-month high), while the Condo median price rose to $372,990. Land median price declined to $310,000. To discuss a specific complex or region to the market in general please call or email The Hansens directly at 1-800-291-5535 or (808)280-2764. Click here for the full report from RAM: http://www.ramaui.com/UserFiles/File/Stats/All-June2012.pdf
Hawaii Real Estate Blog 