Selling Properties

When we look back at history, we’ll likely find our pandemic and post pandemic real estate market is highly unique. Industry experts are starting to make their 2023 home price forecasts. As they do, most agree homes will continue to gain value, just at a slower pace.

So, you want to make a few renovations to your home, and you are itching to get started. Pause for a minute to consider what features in your home should be left alone, especially if you plan to sell in the future. There are a few features that should never be touched.

Mold infestations are one of the major concerns to homeowners and may be a deal breaker for buyers. It ranks close behind termite and roof damage in terms of turning off a potential sale. It is unsightly, has an unpleasant odor, and can be unhealthy to humans. Some molds merely look or smell bad, but black mold can cause serious health risks.

Your house has sold, and you have a new home to move into. Check that off your list. But that’s only part of the moving process. You can save money on the move and have extra cash for new accessories to make this home your own. Plan ahead and take advantages of freebies offered when moving to a new home.

Rising home prices are good news if you are planning to sell your home this year. Understanding why they are rising may help you realize the full benefit of this trend, including the increased equity in your home right now.When there are more buyers for a product than supply available, prices will increase because buyers are willing to pay more for the item. Right now, there are fewer homes available than buyers wanting to invest in this commodity. In fact, recent pricing tre

When selling your home, you can expect the buyer to request a home inspection. It’s to the buyer’s benefit to identify any potential problems that owners have not already disclosed.

To sell your home this spring, it may need more preparation than it would have a year or two ago. Today’s housing market has a different feel. There are more homes for sale than there were at this time last year, but inventory is still historically low.

Last year was a robust for real estate sales for homes and condominiums. The number of single-family homes sold on Maui increased 30.1% in 2021 compared to the prior year, according to a recent report from the Realtors Association of Maui.

Rising mortgage interest rates could be a curse or a blessing for prospective homebuyers, depending on a host of factors. With a housing shortage, builders unable to meet demand, and millennials wanting to become homeowners, rising interest rates are a new wrinkle in the home buying challenge.

Home prices continue to rise as we move through the summer, and that’s good news for sellers who are looking to maximize their home’s potential. If you’re on the fence about whether to list your house now or later, the question you should really ask is: will this price appreciation last?

Still on the fence about whether to sell your home or condo now? Properties on Maui are selling quickly at premium prices. Knowing what to expect will help you decide if this is the right time capitalize on your sale during this seller’s market.

Moving to a new home is an exciting time, but it is also a monumental task that can leave you feeling overwhelmed. This is especially true when downsizing. What others may see as clutter is your life lived as you remember it. We’ve put together a few simple strategies to help you get moving, and take some happy memories along with you.

If you are in the market for any type of wood—from plywood or sheeting to standard 2x4s, be prepared for a massive sticker shock. U.S. lumber futures contracts for May 2021 delivery were priced at $1,645 per 1,000 board feet, about 60% higher than they were a month ago and 374% above the $347 contract price average in May 2020. This marks the fastest rise since the housing boom that followed World War II.

While a public health crisis gripped the country for the last year, the housing market for some stayed red hot. Most areas of the country remain in a solid seller’s market.

It is interesting to compare today’s market with where we were a year ago. Would we have predicted this activity in a pandemic? Maui sales activity is up in March 2021. Home sales are up 46% and condo sales up 43% from last year.

While still wrapped up in a pandemic, the median price of a single-family home on Maui jumped by 20% last month, compared to February 2020, as sales grew by 22%. The number of condominiums sold also rose 24% as the median price held, according to statistics from the Realtors Association of Maui.

It can be exiting to buy a new home or condo on Maui. However, if you are trying to sell a home at the same time as buying it can be stressful, especially if money from your current home’s sale is needed to put toward your next place. However, with a little planning and working with a savvy real estate agent can ease the process for both of these transactions. To keep your sanity intact, here are some tips to help you manage the process.

Many Americans find themselves downsizing, motivated by debt, from the nest getting emptied or retirement. Moving to a smaller home or condominium may have some surprising benefits. However, determining how much smaller to go can be tricky.

2020 was an odd year for the mortgage industry. Instead of a market crash due to the pandemic and economic turmoil, home prices and sales actually rose. At the beginning, low-interest rates, low unemployment, and rising rents drove the housing market up. As the pandemic wore on, people fleeing urban areas, or looking for more space to work from home, plus historically low interest rates kept demand for housing high. The important question is, where will interest rates go now?

If you have been following our real estate market reports, you know closed condo sales lagged behind residential sales in 2020 on Maui. However, in December statistics we saw that start to turn around. Whether you want to take advantage of a robust market, or have an urgent need to sell for any reason, this guide will help you move your property in an efficient way.