maui condos: Have You Budgeted for Closing Costs? - 12/09/19 05:24 PM
Saving for a down payment is a key step in the homebuying process, and it’s not the only piece you need to include in your budget. Another factor that’s important to plan for is the closing costs required to obtain a mortgage.
When you close on a home, a number of fees are due. They typically range from 2% to 5% of the total cost of the home, and can include title insurance, origination fees, underwriting fees, document preparation fees, and more.
For those who buy a $250,000 home, for example, that amount could be between $5,000 and $12,500 in closing fees. Keep … (0 comments)

maui condos: Millennials Are on the Move as First-Time Homebuyers - 12/06/19 12:14 PM
Millennials Are on the Move as First-Time Homebuyers 
Some Highlights:
· According to NAR’s latest Profile of Home Buyers & Sellers, the median age of all first-time homebuyers is 32.
· With more millennials entering a homebuying phase of life, they are driving a large portion of the buyer appetite in the market, keeping buyer activity strong.
· More and more “old millennials” (ages 25-36) are realizing that homeownership is now within their grasp, and they’re actively dominating the first-time homebuyer market! 
#Millennials #BuyHome #SellHome #AmericanDream #LowRates #Invest #Realtor #LetsTalk

maui condos: The True Cost of Not Owning Your Home - 12/05/19 02:16 PM
Why is owning a home financially better than renting?
Here are the top 5 financial benefits of homeownership:
Homeownership is a form of forced savings Homeownership provides tax savings Homeownership allows you to lock in your monthly housing cost. Buying a home is less expensive than renting  No other investment lets you live inside of it. Studies have also shown that a homeowner’s net worth is 44 x greater than that of a renter.
A family that purchased a median-priced home at the start of 2019 would build more than $37,750 in family wealth over the next five years with projected price appreciation alone.
Some … (2 comments)

maui condos: National "roof over your head" day! What??? - 12/03/19 01:56 PM
It’s ‘National Roof Over Your Head’ Day!
Did you know that each year in the United States, we celebrate “National Roof Over Your Head Day” on December 3rd?
As noted on the National Calendar, it was “created as a day to be thankful for what you have, starting with the roof over your head. There are many things that we have that we take for granted and do not stop to appreciate how fortunate we are for having them.”
From bungalows to cottages, and farmhouses to treehouses, today we show our appreciation and gratitude for the places we call home. Owning the roof … (0 comments)

maui condos: Do you know how to negotiate? - 11/28/19 04:31 PM
How to Negotiate Price If the House You Want Needs Work If you’ve fallen in love with a house that needs repairs or remodeling, you might be able to convince the seller to lower the price. In some cases, however, that might not be possible or financially beneficial.
Are Repairs Necessary, or Do You Just Want the House Updated?
Whether the seller will be willing to lower the price will depend, in large part, on the types of repairs or renovations needed. If the house needs a new roof or has a cracked foundation, those repairs will be necessary to make the … (1 comments)

maui condos: How do I do it? - 11/27/19 04:39 PM
Tips to Sell Your Home Faster
When selling your house, there are a few key things you can prioritize to have the greatest impact for a faster sale:
1. Make Buyers Feel at Home
Declutter your home! Pack away all personal items like pictures, awards, and sentimental belongings. Make buyers feel like they belong in the house. According to the 2019 Profile of Home Staging by the National Association of Realtors, “83% of buyers’ agents said staging a home made it easier for a buyer to visualize the property as a future home.”
Not only will your house spend less time on the market, but the same report mentioned that, “One-quarter … (0 comments)

maui condos: How much longer do we have before next recession? - 11/21/19 11:35 AM
How Long Can This Economic Recovery Last?
The economy is currently experiencing the longest recovery in our nation’s history.
The stock market has hit record highs, while unemployment rates are at record lows.
Home price appreciation is beginning to reaccelerate. This begs the question: How long can this economic recovery last?
The Wall Street Journal (WSJ) Survey of Economists recently called for an economic slowdown (recession) in the near future. The most recent survey, however, now shows the economists are pushing that timetable back. When asked when they expect a recession to start, 42.5% of the economists in the previous survey projected between now and … (0 comments)

maui condos: Do you want to get an expert advice? - 11/19/19 06:14 PM
Expert Advice: 3 Benefits to Owning a Home
Success is something often worth repeating, and Brent Sutherland, a Certified Financial Planner and Real Estate Investor, has certainly made his way in a momentum-driving direction. Here are 3 tips he shares from a recent piece in Business Insider on the benefits of owning real estate:
1. Real estate diversifies your income
“While it is certainly important to be properly diversified with your investments, it is even more important to be diversified with your income. This is because the largest financial risk for most of you is the loss of your primary source of income, which is typically in the form … (0 comments)

maui condos: 2 Myths Holding Back Home Buyers - 11/18/19 05:18 PM
2 Myths Holding Back Home Buyers
In a recent article, First American shared how millennials are not really any different from previous generations when it comes to the goal of homeownership.
Saving for a down payment is one of the biggest obstacles faced by first-time home buyers.
Myth #1: “I Need a 20% Down Payment”
Buyers often overestimate how much they need to qualify for a home loan.
While many potential buyers still think they need to put at least 20% down for the home of their dreams, they often don’t realize how many assistance programs are available with as little as 3% down. With a … (1 comments)

maui condos: Renting vs. Buying...that is the question! - 11/16/19 02:56 PM
The Cost of Renting vs. Buying a Home Some Highlights:
· Historically, the choice between renting and buying a home has been a tough decision.
· Looking at the percentage of income needed to rent a median-priced home today (27.7%) vs. the percentage needed to buy a median-priced home (17.5%), the choice is clear.
· Every market is different. Before you renew your lease, find out if you can put your housing costs to work by buying a home this year.
I often hear people weighing these 2 options and don't know where to start and how to calculate. These days … (2 comments)

maui condos: We have more homeowners today than ever! - 11/12/19 10:09 AM
Homeownership Rate Remains on the Rise
In the third quarter of 2019, the U.S. homeownership rate rose again, signaling another strong indicator of the current housing market.
The U.S. Census Bureau announced,
“The homeownership rate of 64.8 percent was not statistically different from the rate in the third quarter 2018 (64.4 percent), but was 0.7 percentage points higher than the rate in the second quarter 2019 (64.1 percent).”
Today there is still a lack of inventory, particularly at the entry and middle-level segments of the market, but that is not stopping buyers from making every effort to pursue homeownership. The many financial and non-financial benefits … (0 comments)

maui condos: Happy Veteran's day! I love working with veterans! - 11/11/19 11:58 AM
Today, on Veterans Day, we salute those who have served our country in war or peace, and we thank them for their sacrifice.
This year marks the 75th anniversary of VA Home Loan Benefit offerings through the Servicemen’s Readjustment Act, also known as the GI Bill. Since 1944, this law has created opportunities for those who have served our country, ranging from vocational training to home loans.
Facts About VA Home Loans:
·       Nearly 24 million home loans have been guaranteed by the Veterans Administration.
·       Nearly 82% of VA home loans are made with no down payment.
·       The VA also provides grants to help seriously disabled Veterans purchase, modify, … (0 comments)

maui condos: Maui Dream...what does it take ? - 11/10/19 09:22 PM
Happy Sunday! As many of you have a day off to honor our Veterans, I thought to give you update for Kahana Ridge neighborhood homes. Today we have 4 homes listed for sale. Currently most attractively priced home is 33 Kahana Ridge Dr., which is the newest addition to the inventory list. This is 5 bedroom/3 bath home, 2,380 SqFt, listed at $821,800.
This is a bank owned property. Bank requires 10 day period for market exposure, before offers are reviewed which leaves you 5 more days to decide. If you have time and would like to tour any of these homes … (1 comments)

maui condos: Millennials: Here’s Why the Process is Well Worth It. - 11/06/19 10:17 AM
“Millennials, those young adults now aged 23 to 38, are now entering their peak household formation and homebuying years.”
If you’re a Millennial, you’re already well aware that you’re among a generation of those who favor fast-paced, real-time answers – and results. When you’re ready to make a decision, it’s go-time, and you probably want the latest technology at your fingertips to make it happen.
National Mortgage News agrees, stating,
“Millennials are different than previous generations—not only in their delayed homebuying but also in how they approach interactions with financial institutions, including mortgage lenders. Taking a picture of a check on their phone and depositing … (1 comments)

maui condos: Depending on the Price, You’re Going to Need Advice... - 10/22/19 02:07 PM
Depending on the Price, You’re Going to Need Advice... To understand today’s complex real estate market, it is critical to have a local, trusted advisor on your side – for more reasons than you may think. In real estate today, there are essentially three different price points in the market. Each one is unique, and depending on the city, the price point in these categories will vary. Starter-Home Market: This market varies by price, and these homes are typically purchased by first-time home buyers or investors looking to flip them for a profit. A low supply like this generally increases competition, … (0 comments)

maui condos: 3 least expensive homes on Maui... yes you can be Mauian! - 10/05/19 08:05 PM
What are the least expensive homes on West Side today? Only 3 homes are under $1Mil. Lowest one starting at $769,900. Take a look! Busy season is coming. If you are thinking about buying your next home or invest it is a good time to line up your financing and understanding the financial side. Pre-approval is free and Dean Rathbun is a wonderful loan officer that can walk you through what it takes on a single phone call! It's all free! PM me to connect you! #KnowIt #prepare #Understand #InvestWell #Maui #ItPaysOff #Home #You #LetsTalk … (0 comments)

maui condos: You WILL hear you WILL actually know what it means!!! - 10/04/19 03:40 PM
5 Homebuying Acronyms You Need to Know 
Some Highlights:
·       Learning the lingo of homebuying is an important part of feeling successful when buying a home.
·       From APR to P&I, you need to know the acronyms that will come up along the way, and what they mean when you hear them.
·       I am here to help you feel confident and informed from start to finish…and this infographic will help you as you go. #Learn #Understand #KnowledgeIsPower #invest #Wealth #House #Home #Root #You

maui condos: How to sell immediately? - 09/28/19 10:56 PM
Is Your House “Priced to Sell Immediately”?
In today’s real estate market, more houses are coming to market every day. Eager buyers are searching for their dream homes, so setting the right price for your house is one of the most important things you can do.
According to CoreLogic’s latest Home Price Index, home values have risen at over 6% a year over the past two years, but have started to slow to 3.6% over the last 12 months. By this time next year, CoreLogic predicts home values will be 5.4% higher.
With prices slowing from their previous pace, homeowners must realize that pricing their homes a little … (2 comments)

maui condos: Please, allow me to make you happy... - 09/27/19 11:52 AM
Homeowners Are Happy! Renters? Not So Much.
When people talk about homeownership and the American Dream, much of the conversation revolves around the financial benefits of owning a home. However, two recent studies show that the non-financial benefits might be even more valuable.
In a recent survey, Bank of America asked homeowners: “Does owning a home make you happier than renting?” 93% of the respondents answered yes, while only 7% said no. The survey also revealed:
· More than 80% said they wouldn’t go back to renting
· 88% agreed that buying a home is the “best decision they have ever made”
· 79% believed owning … (0 comments)

maui condos: Did you draw a home when you were a kid? - 09/17/19 01:51 PM
Homeownership Will Always Be a Part of the American Dream
Growing up, many of us thought about our future lives with great ambition. We drew pictures of what jobs we wanted to have and where we would live as a representation of a secure life for ourselves and our families.
the National Association of Realtors (NAR) says,
“Approximately 75% of non-homeowners believe homeownership is part of their American Dream, while 9 in 10 current homeowners said the same.”
Looking at the number of non-owners, you may wonder, ‘If they believe in homeownership, why haven’t they bought a home yet?’. Well, increasing home prices and low inventory can … (0 comments)

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