Editor’s note: The following is being posted with expressed consent from its author and was originally posted on the internal blog for the Realtor’s Association of Maui. It is in response to our previous post on HB 2078 SD2.

The last REALTORS Association of Maui Blog inadvertently upset a lot people and this is meant to set the record straight. In the last edition of the RAM Blog – issued last Thursday — in almost an afterthought I included the following statement: (more…)

Editor’s note: The following is from the Realtor’s Association of Maui Government Affairs Blog and is being re-posted here for the benefit of our readers. This is provided for informational purposes and does not represent the views of MauiHomeandCondo.com’s author.

STATE LEGISLATIVE RBO UPDATE: The main Rent By Owner (RBO) bill – now House Bill 2078 SD 2 — morphed again and the most controversial element – requiring non-resident owners to hire licensed property managers – has been removed, thanks to the work of Maui Senator Rosalyn Baker. The bill now focuses on reinforcing existing law: TAT payment compliance and assuring that owners actually hire an on-island representative who can help their guests when there is a problem or in case of emergency. (more…)

Editor’s Note: I received the following letter from Tom Vu, a Canadian who recently invested on a Maui condominium. These are his views from the perspective of a non-Hawaii resident who owns/operates a vacation rental condo and how the proposed legislation of HB 2078 would affect him.

I’m writing to you from the perspective of a Canadian who had just bought an investment property in Maui.

My wife and I are in our late forties.  We have two children.  Our older son is in university while the younger one will be attending high school.  We aren’t old but are approaching retirement age.  As such we increasingly think about our retirement and what we have to do now to prepare for it. (more…)

Being diligent and watchful of the Wailea real estate market, when particularly good values come on the market we inform clients so they can make a timely decision if they are interested in pursuing. Today, we will share with our readers some opportunities that have recently become available (more…)

Kihei REO Offers Great Value

Looking for a great deal in Kihei real estate? A REO (Maui foreclosure/bank-owned condo) in Kai Makani will please savvy buyers, as it is a 3 bedroom / 2 bathroom unit currently listed for $399K. How is it a good deal? In the past year there have been 8 sales in this complex at a price of $367 per square foot, yet the new listing is priced at $322 per square foot.

Kai Makani is one of my favorite properties in Kihei, featuring a prime location across the street from the beach (boasting arguably the best spot for windsurfing/kitesurfing in South Maui) and an array of amenities for residents, to include a pool, spa, barbecue areas, and fitness center.

New inventory is added daily to the Maui real estate market, if you would like to be alerted when a particularly good deal comes up that fits your criteria, contact Alex at alex@mauirealestatesearch.com or call 808.385.5034 any time.