Price your house to sell quickly Market Trends Now!

Below is an interesting article I found online addressing “How to price your home in todays market” We are seeing the same trends here on the island of Maui. Maui is one of the best and most desirable home locations on the planet, so when your selling your home, it really does come down to the little nuances in property, and real comparables in surrounding neighborhoods.

Sellers need to understand the market as if they were a Buyer.

Gone, or at least quickly dwindling, are the days of pricing your home significantly over value becuase buyers are low balling offers…Pricing your home to sell is the real trend. Most of today’s Buyers are smart. Their educated on the area, their patient, and they’ve been watching the market for just the right thing at a fair price for possibly years.

Its important for Sellers to know values in the area too, that way the market will move forward. Buyers are awarding properties by chosing the best deals for the overall location, condition, investment potential, and price point. Pride of ownership care for your home combinded with knowledge in the area is sure to gain you top dollar and with less days on market when it’s your time to sell.

LINK TO FULL ARTICLE

A first-quarter survey of homebuyers and sellers done by HomeGain.com, a real estate services website, revealed that 76 percent of homeowners believe their home is worth more than the list price recommended by their real estate agent.

Homebuyers usually have a better grasp of current market value in the area where they’re looking to buy than do sellers who own and live there. Buyers look at a lot of new listings. They make offers, know what sells quickly and for how much, and what doesn’t and why. HomeGain reported that homebuyers still think sellers are overpricing their homes.

Your home is worth what a buyer will pay for it given current market conditions. This may not be the same as your opinion of what your home will sell for, or what you hope it’s worth. Relying on emotion rather than logic when selecting a list price can lead to disappointing results.

The prime opportunity for selling a home is when it’s new on the market. This is when it is most marketable. Buyers wait for the new listings. Usually, listings receive the most showings and have the busiest open houses during the first couple of weeks they are on the market.

This is the opportunity to show your house off to advantage with a list price that attracts buyers’ attention. Listings that sell today are priced right for the market. Buyers need to feel comfortable that they are getting a good deal.

Buyers won’t overpay if they feel home prices are still declining, and in some areas of the country, they still are. In areas of strong sales, buyers may shy away from multiple-offer situations if they feel the recovery is fragile and that prices may slide further before stabilizing. Even in areas where home sales have been strong in the first half of 2012, local practitioners wonder how long the uptick will last.

HOUSE HUNTING TIP: When selecting a list price, it helps to understand how real estate agents and appraisers establish an expected selling price or price range for your home. They research the recent listing inventory for homes similar to yours that sold. The most recent sales give the best indication of the direction of the market.

They analyze these comparable sales giving more value to your home for attributes that it has that the comparables don’t, like a remodeled kitchen. Value is subtracted from your home for features it lacks when compared to the sold comparables, like an easily accessible, level backyard.

It’s difficult for sellers to step back and take an attitude of detached interest in their home. But it’s essential to do so if you want to sell successfully in this market. For example, your home could actually sell for less, not more, than a comparable sale because you added a swimming pool in an area where most homebuyers would rather have a yard with a generous lawn.

If the comparable sale information suggests that the value of homes like yours is declining, select a list price that undercuts the competition to drive buyers — and hopefully offers — to your home. You can take a more aggressive stance on pricing if the comparables show that prices are moving up.

If there is high demand for homes like yours, you may receive more than one offer. But don’t list too high. It’s better to stay in the range shown by the comparables and expose the house to the market before accepting offers. The market will drive the price up if it’s warranted.

THE CLOSING: Don’t rely on rumors circulating in the neighborhood about how high a home sold. Prices tend to get inflated when passed from one person to another. Select your list price based on hard facts.

Dian Hymer, a real estate broker with more than 30 years’ experience, is a nationally syndicated real estate columnist and author of “House Hunting: The Take-Along Workbook for Home Buyers” and “Starting Out, The Complete Home Buyer’s Guide.”

For more information on Buying or Selling Real Estate on the Island of Maui please contact Meghan Clair Realtor (s) EcoBroker with Coldwell Banker Island Properties Shops at Wailea.

New Wailea Post Office Location

HERE’S A NEW REASON TO MOVE TO WAILEA MAUI…
IT’S VERY OWN POST OFFICE!

Postal and Office Services
Postal Services
Mail Boxes with 24 Hour Mail Access, plus Forwarding Service Available to Mainland!
Authorized Federal Express agents, plus US Mail and Postal Services, UPS, Packaging, Packing, and Shipping

Office Services – Copying, Printing, Internet, Email Access, Scanning, Faxes

24/7/365 Secure Access to your Post Office Box – Pick Up Your Mail Any Time

Wailea Gateway Center, serving Wailea, Makena, and Kihei – –
10 Wailea Gateway Place, Suite B101, Wailea, Maui, Hawaii 96753

Contact: Waileapostalandoffice@gmail.com
Phone: 808-633-4909
Fax: 808-214-5190

LINK TO MAUI WEEKLY ARTICLE

For more information on South Maui area or South Real Estate please contact Meghan Clair Realtor (s) EcoBroker with COoldwell Banker Island Properties Shops at Wailea.

MAUI COUNTY RECYCLING SURVEY

You most likely have heard the ad on the raido lately from Hana Steel the recycling coordinator for Maui County Recyling regarding county assisted pick up for recycling… aka the 3-Can Plan.

Please do take a moment to fill out the survey and contribute your thoughts to how we can best manage waste on Maui.

LINK TO SURVEY

The County of Maui is planning to implement curbside recycling at no additional charge to refuse subscribers. Curbside recycling will begin as a pilot project in two select neighborhoods on Maui. The start date and neighborhoods have yet to be determined. The Dept. of Environmental Management will use the information gathered in phase of the program and this survey as a planning tool for future County-wide curbside recycling. The 3 can plan will take replace twice a week automated refuse collection. Each household will be given a wheeled cart for rubbish, one wheeled cart for compost and one wheeled cart for recycling.

The 3 can plan system works like this: Rubbish is collected once a week, every week, with alternating collection of organics and recycling.

Here is a map and link if you want to take advantage of the existing recycling centers
Where can I recycle?

Here are other helpful links regarding Recycling on Maui County:
www.mauicounty.gov/recycling

Recycling Hotline at (808) 270-7880

For more information on EcoFriendly events or property on Maui, contact Coldwell Banker Island Properties Agent, Meghan Clair.


Meghan Clair
Realtor (S), EcoBroker
Coldwell Banker Island Properties
MauiGreenRealEstate@Gmail.com
(808) 874-8668 office
(808) 463-8485 cell

Real Estate Update and Stats from Realtors Association of Maui

Below are the updates, statistics, and market summaries provided by the Realtors Association of Maui for February 2012. Key excerpts from the entire report have been cut and pasted to this blog for quick review. Enjoy!
Here is a LINK TO THE ORIGINAL ARTICLE IN FULL

Maui February 2012 Sales Statistics

February’s Sales Volume – February’s Residential Sales rose to 77 homes sold, while Condo Sales declined to 79 units sold. Land sales came in at 12 lots sold.

February’s Median Sales Prices –The Residential home median price rose significantly to $535,000, while the Condo median price declined to $287,000. Land median price was $333,925.

Days on Market Residential homes = 150 DOM, Condos = 172 DOM, Land = 371 DOM.

IN A NUT SHELL…… the good, the bad….. AND THE ROAD AHEAD ……
Well priced properties are attracting multiple offers making for a quick sale. Inventories have declined 14-22% over the past 12 months in Residential and Condo classes. Many short sales and REO (bank owned) properties will need to be absorbed as sales before we can move ahead to a more normal marketplace. Interest Rates are remaining near historic record lows which may help motivate would-be Buyers to go ahead and buy IF they can qualify. Current World and US events will have ripple effects on cost of living, consumer confidence, and our Real Estate Market.

FOR SELLERS

Sellers who don’t really need to sell (just “fishing?”) should stay off the market, and clear the
marketplace for those who REALLY have to sell. UNLESS- you are motivated to Upsize, Downsize or
Upgrade – While selling now will “net” less, your next property will cost less. Sharpen your pencil, talk to your CPA and Realtor® to explore the hidden benefits or consequences. Make no assumptions that will sting later.

To be successful, Sellers need to beat competing properties with better property condition, REALISTIC pricing, good marketing, and flexible, creative terms Days on Market figures show that properties priced right will sell in a reasonable timeframe. “Priced Right” is still the determining factor.

THE BEST Deals are selling, everything else is getting old.
Pro-Active Sellers are getting their properties appraised, inspected and surveyed in advance to encourage realistic offers from knowledgeable Buyers. This can prevent unanticipated escrow fallout or Buyers whittling your price down during the transaction when previously unknown facts come to light. Unrealistic Sellers continue to be ignored by the market and miss current opportunities that later become woefully apparent.

FOR BUYERS

Very Low interest rates prevail, however could inch up. Buyers should get Pre-Approved so
they can shop in confidence (fewer last minute disappointments due to non-funding loans).
More “short-sales” and foreclosures are happening in the marketplace, yet they can be less of a bargain than they seem, requiring more hurdles to leap and more time (often 4-6 months) to close, if at all. Be prepared, but BE REALISTIC. Lenders are much more stringent now on requirements for loan approval.

First-Time Home Buyers – Many programs are available….. Attend a First-Time Home Buyers workshop, get familiar with the process, get qualified/approved, do your homework to get your own home. Many current ownersnever thought they would be able to own until they attended a workshop, discovered they could own a home, and are glad they did.

This low point in the market is your rare chance, so check it out carefully.

Meghan Clair is a Realtor at Coldwell Banker Island Properties Shops at Wailea Office. She is pleased to represent you in the sale of your home or as a Buyers agent on any Maui Property! Please contact Meghan for more details.

Meghan Clair
Realtor (S), EcoBroker
Coldwell Banker Island Properties
MauiGreenRealEstate@Gmail.com
(808) 874-8668 office
(808) 463-8485 cell

Maui Golf Course Homes and Estates

Golf Fanatics will love any of these properties located on stunning Golf Courses thoughout our beautiful “Valley Isle”.
Current prices range from $410k-$21million.

LINK TO MAUI GOLF COURSE HOMES UNDER $700,000

LINK TO MAUI GOLF COURSE HOMES AND ESTATES $1M+

The King Kamehameha Golf Club
LINK TO WEB SITE

In addition to Maui Golf courses with surrounding residental opportunities, serious golfers curious about Maui should know more about our newsest centrally located and private member course: King Kamehameha. “King K” as the locals call it, is the only private club on Maui with an established and growing community following.

The King Kamehameha Golf Club is the only private 18-hole golf course in Maui, Hawaii. The club’s 74,000 sq.ft. clubhouse is designed by Frank Lloyd Wright and sits at 750 feet above sea level offering Haleakala, as well as bi-coastal ocean views. The golf club was named to honor the greatest king in the history of the Hawaiian Islands

EcoBroker, Realtor Meghan Clair of Coldwell Banker Island Properites specializes in assisting BUYERS find great Maui properties. For more information on Golf Course Homes or Condos on the island of Maui, or any other property please contact Meghan for more information!

Meghan Clair
Realtor (S), EcoBroker
Coldwell Banker Island Properties
MauiGreenRealEstate@Gmail.com
(808) 874-8668 office
(808) 463-8485 cell

Links to the Best Ocean Front Wailea, Maui Condos

Here are links to the best ocean front Vacation Condo Opportunities in highly sought after Wailea, Maui!

Wailea Ekahi Village

Wailea Elua

Wailea Beach Villas

Wailea Point (short term Vacation Rental not permitted)

Polo Beach Club

Meghan Clair is a Realtor at Coldwell Banker Island Properties Shops at Wailea Office. She is pleased to represent you as a Buyers agent on any Maui Property! Please contact Meghan for more details.

Meghan Clair
Realtor (S), EcoBroker
Coldwell Banker Island Properties
MauiGreenRealtor at gmail.com
(808) 874-8668 office
(808) 463-8485 cell

Maui News Article: New Kihei Mall

Kihei mall project touted as ‘job generator’
Calif. developer aims to start work in spring on state’s largest outlet center

Maui News Article
By CHRIS HAMILTON

KIHEI – A California developer wants to begin construction this spring on a shopping center that would be the largest outlet mall in Hawaii.

The 300,000-square-foot first phase of the project, Maui Outlets, would be located on 30 acres mauka of Piilani Highway and would generate an estimated 1,200 retail jobs, according to Eclipse Development Group LLC, of Irvine, Calif. A second, 400,000-square-foot shopping center is planned for an adjacent 45-acre parcel. When both phases are completed the project would add around 90 shops and restaurants to South Maui.

The site straddles the terminus of the planned Upcountry highway. Zoning and land-use entitlements are in place for the project, which is located on former Kaonoulu Ranch land.

As a condition of approvals, developers have agreed to provide land for the Upcountry highway, and make improvements to the Kaonoulu Street intersection.

“We are thrilled the project will not only bring additional shopping opportunities to both local residents and the island’s visitor market, but that the outlet center will bring more than 1,200 jobs to the region,” said Eclipse President Doug Gray in an email.

He said the company would start announcing its tenants in the coming months.

“This is a tremendous job generator in the middle of a recession,” Gray said.

Maui County Council Member Don Couch, who holds the council’s South Maui seat, acknowledged that some residents had raised concerns about the project, and said he was still trying to get more information.

“I haven’t formed an opinion yet because we don’t know what it is, and they’re not talking to us,” Couch said.Couch added that he already had some questions about the project’s design, and didn’t like that the shopping center’s sprawling parking lot would be located in front of the main buildings.
He said the current thinking in urban planning is to create more of a small-town feel, with green space and walkways, and parking located out of sight.

“We can’t please everyone; however, I think most residents will be pleased with the development and tenants,” Gray said. “If we let a committee develop a site, it never would get built. When the community wants to risk $200 million in this economy; they can become developers.”

“We expect to be part of the community for a long time; and have bicycle and walking paths along all the roads.”

Eclipse will devote $20 million just for infrastructure, said Charlie Jencks, its local consultant.

Jencks said a 13-acre affordable housing subdivision being developed in conjunction with his 670-acre Honuaula project would benefit from the mall’s new intersection, roads and planned 1-million-gallon water tank.

“Eclipse has a reputation,” Jencks said. “They have done this so many times in so many places, I’m sure it’s going to be successful. They know how to get things done.”

He also said the stores will cut down on traffic in Kihei by saving South Maui residents shopping trips to Central Maui. As a result, Central Maui’s traffic will be less congested, Jencks said.

But Couch questioned whether the project could actually bring additional traffic to the already-crowded Piilani Highway.

He also questioned the need for such a large outlet mall on an island with 155,000 people.

But Mayor Alan Arakawa expressed strong support for the project.

“We need the jobs,” Arakawa said. “We’re going to be supporting businesses that create jobs.”

Arakawa said he met with Eclipse about six months ago to help fast-track building permits. Streamlining permitting is an administration goal, and Eclipse received no special treatment, he said.

Arakawa also said he hasn’t seen the plans. Still, he said he thought the shopping center won’t have any negative visual impact because of the landscaping. It’s next to the proposed Kihei high school, too, and other planned housing developments.

“I haven’t seen the specifics because it’s a shopping complex,” said Arakawa, who expects more details once the leases are signed.

Jencks said Eclipse purchased the property a year ago from Maui Industrial Partners, where he was a partner.”The heavy lifting was done long before we bought this land,” Gray said. “It was in the entitlement process for over 14 years.”

The ranch devoted about half of the 1990s to getting all the necessary environmental impact studies done as well as county zoning and state land use designation changes and Maalaea-to-Makena community plan amendments for light industrial development, said county Planning Director William Spence and others.
“Sometimes, it’s time to move ahead,” Spence said.

Arakawa said the County Council and the community set this land aside years ago for exactly this kind of use someday to discourage urban sprawl.There are people who want the malls, and those who don’t,” Couch said. “It’s Maui.”

LINK TO ECLIPSE DEVELOPMENT GROUP SITE PLAN FOR MAUI OUTLETS

For more information on Developments in Maui Contact Meghan Clair of Coldwell Banker Island Properties


Meghan Clair
Realtor (S), EcoBroker
Coldwell Banker Island Properties
MauiGreenRealEstate@Gmail.com
(808) 874-8668 office
(808) 463-8485 cell

Article from this Blog post is originally from The Maui News.

Wailea Home Only $719,900!!!

Almost to good to be true! Here is a new listing #22 Kanani Wailea!

3 Bedroom/2.5 bath Wailea Home offered at only $719,900

Live the Wailea Lifestyle with out the big price tag

Not an REO or Short Sale


Lanai

Kitchen

Living Room

Master Bed

Master Bath with Tub

Public Remarks MLS:
Best value at Kanani Wailea, an exclusive community of luxury residential condos in resort town of Wailea, Maui. Enjoy the pool, spa, fitness center, and enclosed two-car garages. Superior quality of construction includes steel framing, Monier tile roof, dual-glazed windows, 9 ft ceilings, travertine tile, Wolf stainless appliances, granite countertops, tray ceilings and bullnose corners. Upstairs master suite offers dual vanities, huge soaking tub and shower, pocket doors, walk-in closet, and private lanai with partial oceanview. Open floorplan with multiple lanais (porches) conducive to entertaining. Pet-friendly complex conveniently located across the street from Kilohana dog park. Secure, gated neighborhood with groundskeeping included appeals to those seeking a second home or investment rental property. Dream tenants on month-to-month lease with $2600 monthly income; please allow 48 hours’ notice for showings.

Property is listed with Hawaii Life Real Estate, Meghan Clair is a Realtor at Coldwell Banker Island Properties Shops at Wailea Office, and is pleased to represent you as a Buyers agent on any Maui Property!

Please contact Meghan for more details.

Meghan ClairRealtor (S), EcoBroker
Coldwell Banker Island Properties
MauiGreenRealEstate@Gmail.com
(808) 874-8668 office
(808) 463-8485 cell

Maui No Ka Oi! Living the Maui lifestyle

Conde Naste magazine voted Maui the Best Island in the World 16 years in a row…Ever wonder what you are missing???

Maui  Lifestyle

Click Photo to View Slideshow!
Contact Maui’s EcoBroker Meghan Clair to find your Dream Home…and your Dream Lifestyle here on Maui.

Meghan Clair
Realtor (S), EcoBroker
Coldwell Banker Island Properties
MauiGreenRealEstate@Gmail.com
(808) 874-8668 office
(808) 463-8485 cell