Selling Properties

Instead of just relying a crystal ball, there are some facts that help predict what will happen to home buying and selling in the coming year.

Moving to a totally different environment from what you are used to opens up a wealth of opportunities for new experiences and growth. But if the actual moving cross-country part has got you a little anxious, there is some smart preparation that will help the transition go smoothly.

Home prices on Maui have held steady and more listings are coming on the market, even while still in the midst of COVID-19. There are also more listings for condos, but condo prices have not fared so well. Here is a recap of data from the Maui Board of Realtors for June, 2020.

Real estate investors and those looking to purchase a home or condo are likely tracking Maui’s market closely as Covid-19’s impact spreads across the country. The stock market declines started in February. Even though real estate prices have not begun a serious slide, lenders have been tightening underwriting standards making it harder for some buyers to qualify. And with record-breaking layoffs, there is a lack of qualified buyers.

Here is part III in our series of investing terms. In this part we cover two key areas for residential real estate investors- owning and renting to others, with key terms for each.

Here is part II in our series of investing terms. In this part we move into the purchasing process, helping you understand the acronyms you may come across. Understanding these terms is important for a this part investing. Of course, if you have any questions, please do not hesitate to reach out to one of our agents!

In our continuing efforts to assist owners in their real estate investing goals, we are publishing a series of investing terms. As you study the market, you may come across many acronyms. Understanding these terms is important for a solid basis of understanding of real estate concepts. Of course, if you have any questions, please do not hesitate to reach out to one of our agents!

When you buy a rental property, your goal is to make money. Real estate investing allows you to gain an ongoing source of passive income as well as long-term appreciation in your property. Over time, you can gradually increase your holdings until you have a thriving real estate business. If you want to gain equity, leverage and passive income, you have to learn how cash flow works.

Real estate can create long-term wealth, and has been a great investment for a lot people. As with any investment, however, it pays to do your homework, especially when you likely will be investing hundreds of the thousands of dollars. While you are going to want to arm yourself with the thorough information here are 10 essential tips when considering your first investment property.

Cash flow is important when buying investment property. But there is another benefit to owning rental property that can help in a different way. It involves taking a deduction for capital depreciation on your taxes. Taking full advantage of these deductions can get a little complex, and getting advice from a good CPA is recommended, but we’ll layout basic foundation for you here.

Real estate can be a great investment for the future. However, navigating landlord/tenant law can be a challenge, especially for new real estate investors. A first-time potential homeowner asked about buying a duplex, to live in half and rent the other half to help pay the mortgage. The conversation was a good reminder of the benefits and pitfalls of becoming a landlord, including some outright common myths. Let’s clear up a few common misconceptions for first time landlords.

With a growing economy, something else has been booming on Maui. Over-tourism is the new buzzword, and a sore spot for many long-time residents as they see their island grow and change, and not always in a good way. In addition to overcrowding, promises of high returns lures some property owners to offer unpermitted vacation rentals, one cause of housing shortages for residents.

Home prices are expected to level off. This is based on two important indicators of home appreciation came out this month, both showing the same thing:  home price increases are slowing rapidly. Economists are forecasting continued slowdowns in appreciation, according to polls by Reuters, Zillow and others.

To get top dollar when selling your home, there’s no question a well-kept home will sell better, even if you have moved out. Be sure to address small fixes (broken doorbells or leaky faucets) so buyers aren’t left to wonder if there are bigger problems you are trying to hide. Here are six more often-overlooked areas that should be corrected.

Often one of the most frustrating aspects of self-managing a rental property is collecting on rent and other amounts due from tenants. Here are a few tips from our expert property managers to help you navigate one of the worst problems– late rent.

Selling a home in a low inventory market is great, but not if you can’t find or get into your next home right away. If you are having to vacate before your next home is secured, there are more options than overstaying your welcome in a guest room with friends or family. If your houseless situation stretches from weeks to months, staying in a hotel may be very costly.