Jul 212012
 

Hanalei is small, quiet resort town located on the North Shore of Kauai.  It only has a population of 480 people so it is one of the smallest and probably most peaceful villages in all of Kauai.  There is a diverse collection of people that do live in this little town, and these include locals, tourists, surfers, and artists among others.  This town sits right on the Pacific coast making it a popular resort area and home to several champion surfers.

Hanalei is well-known for being the background of many movies and this helps to offer a bright history and culture for residents and tourists.  There are several historical sites and art galleries for everyone to visit. Shops featuring fashion, art, and many other things line the main street in town.  Restaurants available in the town include many cuisines which include island delicacies.  This town also has some of the best beach on the entire island.  Locals tend to go to the westernmost corner of Hanalei Bay to enjoy the warmer and calmer waters.

Some common activities in the area include gathering at Hanalei Pier to go fishing, swimming, or to dance to the music in the evening.  There is also the Hanalei Community Center were locals and visitors will go to check out the regular ukulele concerts.

Real estate in Hanalei can vary  with prices being as low as $500K to well over $4 million.  The average sales price of homes is recently at $500K.  Condos are available at resorts such as Hanalei Colony Resort with a two-bedroom starting at $500K.  REOs, foreclosures, and short sales can also be found in the area.  These can be found for as little as $200K, but are sold “as is” so they may need a lot of work to bring back to life.

Hanalei provides a truly Hawaiian lifestyle, and is a great little town to call home.  This area with an amazing tropical background can change the way a person thinks about vacation, and can make people want to relocate the moment they get here.  The area is small but it has a diverse group of residents, a great history, and beautiful scenery all around.  It might end up being more than a great vacation spot after people come to visit.

 Posted by at 10:24 am
Jul 212012
 

 

Construction works at a prefabricated house

Deciding to buy a newly constructed home can be one of the most important decisions in your life. And having your own new home may be better if you’re the person that doesn’t like to inherit another person’s worn out carpeting or furniture that has seen better days. There are lots of newly built homes for sale out there. So, it is important to choose the one that you like best. There are a lot of things to be considered if you’re looking for new property. So before you make a firm decision, keep in mind these important things to consider before buying your new home.
1. Use a good and reliable Realtor. Hiring an agent is very important in purchasing the right home for you. Homebuilders often try to manipulate and monopolize a transaction with a buyer. They give only the attractive incentives, that is if you agree to use their title company, their lender, and what not. A Realtor can help you with this. Just a slash from their sword and you are protected from those persons dogging your footsteps. An experienced Realtor that has dealt with a lot of builders has already established a good relationship. So when they work together for a buyer, the least these homebuilders would do is leave a bad image. This will make homebuilders behave at their best, because these do not want to risk having a bad reputation in the real estate community.
2. Don’t sign anything until you’ve settled every detail and read the contract. Understand the details and remember that everything said and done is written in the contract
3. Inspect your new property. This is a very important matter to consider. You’ll never know, you might find a construction flaw just months after moving in into your new home. Keep in mind that a house is built by human hands. No matter how good a reputation a builder may have, it is not impossible that he can commit mistakes. To make sure there are no mistakes, get a licensed inspector. This person can provide the most thorough inspection and leave you peace of mind knowing that there are no flaws, or they’ve been corrected at least.
4. Builders that have succeeded in their field are likely to become corporations. When this happens they throw in other offers like delectable incentives and such. And one more thing they might offer is using their lender. You might want to think twice with this. Higher rates and closing costs are just two of the many problems that come with agreeing to use their lender. There will be times when the builder will lose sight of the nature of his job, which is building and selling homes. And at one point, you might find yourself with no other choice but to agree. When this happens, walk away. Just taking a dreadful loan is bad enough. What more when you have to pay thousands of dollars for your house in the future?
5. Choose the right builder. There are good and reliable builders out there. There are steps to be taken in protecting builders’ neighborhoods and building new property. Research or ask your Realtor if your builder follows these steps.

 Posted by at 10:18 am
Jul 212012
 
Picture of the "Gingerbread House" i...

When it comes to finding a way to diversify income streams, it is becoming more and more popular to begin investing in real estate. In theory this is a sound practise, as there certainly won’t ever be any more land than there is right now, and the value of that land increases every year along with the world population. However, one of the biggest mistakes that people make when they decide to start investing in real estate is not having enough information to really understand what they are doing. This has led to many people finding themselves in dire straits when they were unable to let go a property as quickly as they had been led to believe they could…

Buying And Flipping Homes…

Flipping homes is probably the number one most common form of real estate investing at the moment. The basic idea is to purchase a home in need of a little repair so that you can buy it at less than market value; then fixing it up and selling it off for a profit. The general idea is to purchase the home with a no money down loan, allowing you to put your own money (or an amount of cash you were able to borrow specifically for repairs) back into the home to fix it up. Once any necessary repairs have been made, the house is then put back on the market and sold for a value greater than that of the original loan.

The only problem with this type of real estate investing is that – in order for it to be truly profitable – you absolutely must resell the property within a relatively short amount of time (a month or two at the most), so that you donít start losing money on the mortgage payments. This is where most people get stuck. With the real estate market fluctuating so much these days, you almost need to find a potential buyer before you go out and find the property.

Should You Invest?

Ultimately, only you can decide whether or not you are in a financial position to invest in real estate. It is important to remember that real estate investing isn’t the best choice for those without at least a small financial cushion to tide them over in the event they can’t sell the property right away. Even though there are a number of courses which will tell you that you can purchase property to flip even if you have no money and bad credit – it’s a better idea to make certain that you can afford to lose a few extra hundred a month on your first flip.

If you take the time to really learn all of the ins and outs of real estate investing, you can make a good living flipping homes. The important thing to remember is that you should never start investing in real estate until you have taken the time to learn everything about it that you can. The last thing you need is to put yourself into a worse financial bind than you may already be in due to a lack of knowledge.

 Posted by at 10:16 am
Jul 212012
 

 

Lahaina Shores

The West Maui real estate market showed a considerable amount of weakness in the months of July and August, with foreclosures continuing to spike amongst West Maui homes for sale and commercial real estate continually shifting hands. An August 29, 2010 report from the Maui News noted that “The foreclosure picture for Maui is “not pretty at all” with nearly a thousand single-family homes and condominiums currently pending foreclosure – nearly double the number from a year ago – said the executive director of a non-profit housing organization Thursday. Another survey showed Kihei leading the state in new foreclosures last month, with 110. This gloomy financial scene, including short sales and a willingness by some financial institutions to dispose of properties at a loss, continues to drive down housing prices. Still, with little new home construction, these listings are supplying the inventory that has brought a kind of normalcy to the real estate market, according to those involved in Maui housing and foreclosures. The lower prices are great for buyers but not for others with adjustable rate or exotic mortgages tied to rising home values. Many have lost their homes because of lost jobs or reduced hours; others are seeking advice on loan modifications and short sales. The foreclosure situation has not yet turned a corner on Maui, said John Andersen, executive director of Na Hale O Maui, a nonprofit organization that converts foreclosed properties into affordable housing. There are currently 946 pending foreclosures of residential properties; there were 482 last August.”

One of the largest examples of Maui commercial property faced another turbulent change recently, as yet another company bought out the Maui Prince Hotel. According to an August 31, 2010 article from the Wall Street Journal, “A rollercoaster year for the former Maui Prince Hotel in Hawaii continued this week when one of the property’s mortgage holders took ownership with the intent of operating and further developing it. AREA Property Partners, the former Apollo Real Estate Advisors, announced this week that it converted its $30 million portion of the hotel’s $192 million mortgage into equity.”

 Posted by at 10:13 am
Jul 212012
 

Buying a property is not as difficult as taking care of it. In addition to dealing with complicated laws real estate on Oahu, you have to efficiently sort the problems stem from its tenant. At the same time, you must also ensure that your investment is safe and secure. It is easy to install in all these tasks on a schedule that is already occupied. Lot of Property business management not only helps you manage your property with skill, but also ensure that you reap dividends year after year. Here are the things you should consider when choosing a property manager for investment:

Company experience – Property Management is certainly not an easy task. It has a lot of complexities, hassles, complexities and challenges. To be able to handle all problems with ease, extensive experience in managing various types of properties is essential. A company owned by a good management is the one with experience in handling old and new commercial, industrial and residential. Go through the profile of the company with carefully, that will help you to determine their level of experience.

Employee competence – Check their employees of the company is competent, hardworking and honest. They need efficient team experiences to handle the property management. The company representative should be able to take care of your property professionally. Apart from routine responsibilities, should be able to handle emergencies and disasters competently. Testimonials and references are a good way of failure of employee competence.

Property insurance – A wide variety of property insurance plans available and in such a scenario, it is often difficult to determine which is best. Have a professional property management company with good reputation can help you buy an insurance policy of superlatives. Moreover, owners of several properties jointly can help to reduce insurance rates, which allow you large savings. Ask the representative of the company to provide details of insurance plans more viable property.

Tax and other financial obligations – The manager of the property should easily handle all the paperwork associated with of property tax. The company also must have a tax advisor to oversee appeals against assessments on their property. From time to time, the company must provide a statement and balance sheet. These financial statements will help you determine if your property is in a profitable proposal or not.

The procedures for renting and leasing – If you intend to rent your property, then you must make sure that the company has the experience to handle all lease and rental transactions. From finding a good tenant and chalking the lease rent collection and dealing with repairs and general maintenance, the management company of the property must be able to carry out all tasks with skill.

Property development and management – A company of truly professional property management will be responsible for the renovation and rehabilitation of their heritage. If you plan to develop your property, then make sure the supervisor concerned has deep knowledge of the latest construction techniques and building materials.

Fees and charges – A property management company class will provide a clear fee structure depending on the type of property they own and the type of services desired. Before selecting a company, make sure that taxes and workloads are clearly defined and that the fee structure is competitive.

 Posted by at 10:05 am