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So what’s happening in the Real Estate Market?

July 16, 2020
BY SUSAN C. DeLORIA, Whalers Associates/Keller Williams Realty Maui , Lahaina News

Well, quite a lot actually. Mortgage interest rates are at historic lows - anyone that can qualify will have an opportunity to get one of the lowest interest rates we have ever seen.

If you have not recently done it, I would advise you to check in again with your local mortgage lender to see about qualifying for a home loan. Or, if you are looking to refinance an existing loan, now might also be a great time to do so.

On the sales side, we are most definitely selling. In the recent transactions I have been fortunate to assist in, we are seeing a little more flexibility in negotiations between Buyers and Sellers. As we continue along at this pace, we anticipate a slow, steady increase in the number of properties coming on the market in the next several months.

Article Photos

Current listings in West Maui include 503 Lahainaluna Road, a five-bath/two-bedroom single-family home on sale for $819,000. This is an opportunity for extended family or maybe a rental with the upstairs addition.

So if you are a Buyer, get your ducks in a row! If you are a Seller, you need to analyze the market carefully and decide if this is the right time for you to sell.

Life can change, as we all know - literally overnight with this pandemic - and I think more than ever this is a good time to look at your five-year and ten-year plan. And to be honest, I think it's going to become more like a three-year and a six-year plan.

Life is short - are you where you want to be living? Or is it time to move around your real estate investments? Maybe now is the time to make that change and make your dream a reality. Let me know if I can help you in an way.

I would also like to share with you some current opportunities that are available in West Maui.

Leinani Apartments 210 - 1-Bed/ 1-Bath, price adjusted to $320,000 (a great place to live!); Lahaina Shores 224 - $395,000 Mountain View Studio, nice remodel and turnkey for rental; Maui Eldorado F-101 - 1-Bed /2-Bath, $445,000 Leasehold and new to the market; Kuleana 203 - 1-Bed/1-Bath, $695,000, ocean views and a very special private location within this beachfront property with no stairs and easy access to parking; Mahinahina Beach 105 - 1-Bed/2-Bath, $825,000, residential oceanfront living, a beautiful interior and a stunning location.

If you would like to view any of these properties, please let me know. I would be honored to be your Realtor advisor of choice. Aloha and stay safe.

A Professional Maui Realtor since 2000, contact Susan C. DeLoria, R(B), ABR, e-pro, License RB-22721, at (808) 250-5948 or via E-fax at (808) 356-0454, and visit www.dreamhomesmaui.com or www.MauiLuxuryRealEstateTeam.com.

Download her Mobile App to search any property: app.kw.com/KW2UHTJG5.

 
 

 

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