Fine Island Properties Monthly Newsletter

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We would like to welcome Gloria Ezera to Fine Island Properties.  Gloria is an experienced Realtor and demonstrates a strong commitment to her clients goals and being part of the Fine Island Properties Team.

Aloha Clients and Friends,

This month we would like to share a valuable link with you from the National Association of Realtors, called Home Ownership Matters.  This link features important topics of home ownership for Hawaii and even has a signup so you can stay current on home ownership topics for the future.

http://homeownershipmatters.realtor/home-ownership-hawaii/

Exciting News for Recordation of Hawaii Property!
In the past, we have a 3-day delay in recording with the bureau for closings.  That means that once you sign closing documents and fund the property it won’t close for another 3 days to allow the paperwork to be sent to Honolulu and record in the courts.  Now Title Guaranty is the test company to file E-Recordation with the state of Hawaii.  We hope that all Title/Escrow companies will be able to do this very soon.  We will update you as soon as we hear more about this exciting news.

We are proud to announce that Gina Duncan, R (PB) is the new President-Elect for the Realtors Association of Maui and we look forward to seeing how much she will benefit our Community!

Mortgage News

Record numbers of millennials still live at home.  Hawaii has one of the highest percentages in the country for homes with multi-generational living.  If you guessed high home prices were the reason, you would be right.  But if you dig deeper into the research, it turns out that most millennials don’t know or understand mortgage financing and the wealth benefits it can generate.

A significant percentage of millennials believe they would not qualify to buy a home because they lack the perceived 20% down payment requirement.  They also don’t know how much a mortgage payment is – thinking that renting is still cheaper.

It is important for not only us in the mortgage and real estate industry to better educateconsumers, but important for parents to light a fire under our kids to motivate them to reach for their own piece of the American dream.  Their first may not be the home of their dreams, but in Hawaii, if you can get onto the “Home Ownership Escalator” you will start to build wealth.

To dispel the myth of how much down payment you need, let’s start with some quick facts about down payments.  There are more programs available today than ever before that require the smallest of down payments.

USDA is 100% financing, but does have restrictions on where you can buy.
Fannie & Freddie 97% financing is available in every community for both houses and condos.
FHA requires only 3.5% down – even for those with less than perfect credit.

Millennials also believe that with the high prices of homes in Hawaii, they will forever rent.  But with nationally high rents, not only would you come out cheaper in the end, you will gain so much in equity!

Let’s do the math on a $300,000 condo purchase with just 3% down.  We’ll compare renting versus buying over a 9 year period.  The charts below take the following into consideration:  Rent will increase 4% each year and home values will increase 4.77% per year (which is the historical average).  Everything is considered, even the cost to sell after 9 years.


Compliments of
Alan Van Zee
President | NMLS #: 297154
Hawaii Mortgage Company, Inc.
Company NMLS #: 232582
Phone: 808.988.6622
alan@hawaiimortgage.net • www.hawaiimortgage.net

SATURDAY: 
Lipoa Street Farmers’ Market:
8:30 AM – 12:00 NOON
Maui Swap Meet at Maui Community College:
6:00 AM to 1:00 PM
Ono Organic Farms Farmers’ Market in Hana:
10:00 AM to 6:00 PM
Upcountry Farmers’ Market at Pukalani Longs Drugs:
7:00 AM – 12:00 NOON
Maui Open Market, Maui Tropical Plantation:
10:00 AM -4:00 PM
Hana Fresh Market:
All Day
Paia’s One Love Farmers Market:
10:00 AM – 4:00 PM
Sunday:
Ono Organic Farms Farmers’ Market in Hana:
10:00 AM to 6:00 PM
Hana Fresh Market:
All Day
Paia’s One Love Farmers Market
10:00 AM – 4:00 PM

Upto Date Reports

Every market is unique, yet the national sentiment has given rise to the notion that housing markets are stalling. Although desirous buyers are out on an increasing number of showings, there remains a limited number of desirable listings. And although mortgage rates have remained enticingly low, home prices have reached unaffordable levels for many new entrants into the housing pool at exactly the same time that established owners are proving to be less interested in moving.

New Listings increased 8.7 percent for Single Family homes and 13.9 percent for Condominium homes. Pending Sales increased 4.9 percent for Single Family homes and 22.0 percent for Condominium homes. Inventory decreased 7.7 percent for Single Family homes and 19.4 percent for Condominium homes.

Median Sales Price decreased 2.3 percent to $650,000 for Single Family homes but increased 14.4 percent to $433,750 for Condominium homes. Days on Market decreased 20.9 percent for Single Family homes and 5.7 percent for Condominium homes. Months Supply of Inventory decreased 17.5 percent for Single Family homes and 29.2 percent for Condominium homes.

Last year at this time, the national storyline was about how high demand was propping up sales and prices despite low inventory and months of supply. That has actually continued to be a familiar refrain for many months in 2017 and now for the past couple of years. But with the likes of Hurricanes Harvey and Irma, different employment outlooks, disparate incomes, varying new construction expectations and potential housing policy shifts, regional differences are becoming more prevalent and pronounced.

Click here for full report.

October 2017

In this issue…

  • Our Featured Properties
  • Economic Update
  • Farmers Market Schedule
  • Outside of Real Estate – Calendar of Events
  • Video of the Month-

Calendar Events

Go to this link and check out the events happening in Hawaii.

VISIT FineIslandProperties.com 
for Maui Listings Search, our Blog, and More!

If you know of anyone looking to purchase a home or sell their home please don’t keep us a secret.  We will treat your referrals with the experience & aloha they deserve.  No Pressure, just Aloha Services. 

“The Key to your Hawaii Real Estate Success”

Click Here

Our Featured Properties


140 UWAPO Rd 5-204, Kihei, HI, 96753
$294,000

Link to MLS Listing
Contact:
Agent:
Gloria P. Ezera
RS-78331
Direct: 808-280-5682


15 Ki Ohu Ohu Pl 24-5, Lahaina, HI, 96761
$529,000

Link to MLS Listing
Contact:
Agent:
Michael W. Buchanan RB-19438
Direct: 808-344-5639


120 Peahi Rd, Haiku, HI, 96708
$930,000

Link to MLS Listing
Contact:
Agent:
Michael W. Buchanan RB-19438
Direct: 808-344-5639


87-1528 Kuaha Street Waianae, HI 96792
$540,000 – Pending

Link to MLS Listing
Contact:
Agent:
Rhonda J Faleafine
RS-65614
Direct: 808-250-1463


50 Kapi Ln 16-101, Wailuku, HI, 96793, US
$325,000

Link to MLS Listing
Contact:
Agent:
Gina Duncan
RB-21124
Direct: 808-250-9858


747 Anapuni Loop, Lahaina, HI, 96761
$425,000 – Potential Short Sale

Link to MLS Listing
Contact:
Agent:
Gina Duncan
RB-21124
Direct: 808-250-9858


International Colony Club I- Unit 33
$550,000

Link to MLS Listing
Contact:
Agent:
Michael W. Buchanan RB-19438
Direct: 808-344-5639


55 Poinciana Rd, Lahaina, HI, 96761
$809,000 – REO

Link to MLS Listing
Contact:
Agent:
Michael W. Buchanan RB-19438
Direct: 808-344-5639


1024 Hao Kuni Pl, Maunaloa, HI, 96770, US
$179,000

Link to MLS Listing
Contact:
Agent:
Michael W. Buchanan RB-19438
Direct: 808-344-5639


Kauhale Makai – Unit 621
$279,000

Link to MLS Listing
Contact:
Agent:
Chris M. Bakeman
RB-19188
Direct: 808-283-6126


33 Ala Apapa Pl, Pukalani, HI, 96768, US
$1,038,800

Link to MLS Listing
Contact:
Agent:
Gina Duncan
RB-21124
Direct: 808-250-9858


Kihei Villages IV – Unit 19-102, Kihei, HI, 96753, US
$335,000 – Pending

Link to MLS Listing
Contact:
Agent:
Gina Duncan
RB-21124
Direct: 808-250-9858


Unit 102 Kai Makaini
$699,000

Link to MLS Listing
Contact:
Agent:
Gina Duncan
RB-21124
Direct: 808-250-9858


31 Ku’uhale, Kahului, HI, 96732, US
$505,000 – REO

Link to MLS Listing
Contact:
Agent: Michael W. Buchanan RB-19438
Direct: 808-344-5639


1011 Hoomau, Wailuku, HI, 96793, US
$490,000 – REO

Link to MLS Listing
Contact:
Agent: Michael W. Buchanan RB-19438
Direct: 808-344-5639


20 Kahope, Haiku, HI, 96708, US
$542,850

Link to MLS Listing
Contact:
Agent: Michael W. Buchanan RB-19438
Direct: 808-344-5639


30 Waikalani – Pending
$395,000

Link to MLS Listing
Contact:
Agent: Michael W. Buchanan RB-19438
Direct: 808-344-5639


7 Haiku Nani, Haiku, HI, 96708, US
$500,000 – REO

Link to MLS Listing
Contact:
Agent: Michael W. Buchanan RB-19438
Direct: 808-344-5639


111 KAHULUI BEACH D311, Kahului, HI, 96732, US
$70,000 – REO

Link to MLS Listing
Contact:
Agent: Michael W. Buchanan RB-19438
Direct: 808-344-5639


441 Kanaloa, Kahului, HI, 96732, US
$590,000

Link to MLS Listing
Contact:
Agent: Michael W. Buchanan RB-19438
Direct: 808-344-5639


33 Ala Apapa, Makawao, HI, 96768, US
$1,038,800

Link to MLS Listing
Contact:
Agent: Gina Duncan RB-21124
Direct: 808-250-9858


1024 Hao Kuni, Maunaloa, HI, 96770, US
$179,000

Link to MLS Listing
Contact:
Agent: Michael W. Buchanan RB-19438
Direct: 808-344-5639

Our Video of the Month
Chef Keoni teaches us how to make Kamaboko Dip!

 

Ahi Poke

Our Team

 Gina Duncan
Principal Broker
RB-21124
Direct: 808-250-9858

Nancy Bulosan-Marvin
R (BIC), RB-21157
Direct: 808-281-5472

 Christina “Chris” M Bakeman
 RB-19188
Direct: 808-283-6126


Rhonda J Faleafine

R (S), RS-65614
Direct: 808-250-1463


Matt Daniells

R (B), RB-19622
Direct: 808-281-7175


Alicia Souza

R (S), RS-69029
Direct: 808-284-0049

Melissa Nakagawa
R (S), RS-77950

808-283-6327

Dan Uhrich
R (S), RS-
75656
Direct: 808-268-3435

Madeleine Buchanan
R (S), 
RS – 62490
Direct: 808-344-5639

Michael W. Buchanan
R (B), RB-19438
Direct: 808-344-5639

Hiroko Ward
R (S)
Direct: 808-264-9967

Gloria P. Ezera
R (S), RS – 78331
Direct: 808-280-5682

AGENTS WANTED: Fine Island Properties is looking for a few more team members. We are busy and ready to train you in a Real Estate Career Today. To refer someone or for a confidential interview please call Gina Duncan, R PB at 808-250-9858

Fine Island Properties LLC
RB-21750
“The Key to Your Hawaii Real Estate Success”
275 W. Kaahumanu Ave 2CA1
Kahului HI 96732

Located in the Queen Kaahumanu Center
Next to the Armed Forces Recruiters Offices

Copyright © Fine Island Properties, LLC, All rights reserved.

Our mailing address is:
275 W Kaahumanu Ave 2CA1  Kahului HI 96732

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By |2018-12-02T23:30:08+00:00November 23rd, 2017|Uncategorized|0 Comments

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