Maui Real Estate by Maui Publishing Company

The Maui News | REAL ESTATE GUIDE | March 2014

Find home loan happiness.

LEARN ABOUT YOUR

credit score RAM PROVIDES FIVE FACTORSYOU SHOULD KNOW Al Alfonzo 344-8439

Carolann Guy 871-8898

Eric Miyajima 280-6444

Kisha Kawakami 281-8099

Byron Yap 280-3491

Paula Kobayashi 385-9430

Mark Short VP/Loan Manager 872-4944

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e hear a lot about credit scores, especially when we start shopping for a mortgage. Don’t worry or get confused. Your lender will explain anything you need to know, but you will start the process more comfortably if you have a few facts. There are a lot of scoring methods and systems, but lenders in Maui tend to use just the scores attached to the credit reports from the three major credit bureaus. With these, for each person, the score is a number up to 850. If your credit score is under 620, it may not be possible to get a conventional mortgage, and the lower the score, the higher the interest rate on all your new or refinanced debt is likely to be. If your score is low, you may want to look into things you can do to improve it before applying for a mortgage,

or talk to a lender about factors that may help offset the effects of the score. Here are the five main factors that determine a credit score.

How much new credit you have: New credit accounts of any sort are scored as more risky regardless of how promptly you are paying the amounts due. A 10 Your payment histo- percent factor. ry: How consistently you pay The final 10 percent as obligated and on time is of the score is determined by generally thought to be a 35 the variety of your credit acpercent factor in determining counts. It is generally considyour credit score. ered better to have more than

one type of credit. A mix of credit cards, installment loans, mortgages, etc. is good. The Internet is full of commentaries and explanations of credit scores. The three most interesting and reliable resources are myfico.com, ftc.gov and howstuffworks. com. At howstuffworks.com, The length of your select the Money Stuff tab to credit history: In general, the find a starting point. longer your accounts have been open, the better. This — Courtesy of Realtors can be a 15 percent factor. Association of Maui Total current debt: The amount you owe at the exact moment the score is calculated and how much approved credit remains unused is a 30 percent factor. It is usually considered ideal if each credit card or line of credit is used only up to 25 percent of the credit limit.

Since 1900

331 Ho‘okahi St., Suite 202 Wailuku, HI 96793

808.244.7142 Property Management Services • Real Estate Sales

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A Supplement of THE MAUI NEWS – Friday, March 28, 2014 – Page 2

The Maui News | REAL ESTATE GUIDE | March 2014

FABMAC helps islanders find RIGHTFIT

RIGHT: FABMAC President Francesca Carey takes a break recently in the living room of her brand-new, offthe-grid electrically powered model home in Kahului.

Energy-efficient houses are also high quality, customizable and affordable

COVER: Carey shows the exterior of the new Kahului model. Her custom affordable homes include cabinets, light fixtures, flooring and more. The Maui News KEHAULANI CERIZO photos

Lehua model: Bathroom

Lehua model: Kitchen / dining room

By KEHAULANI CERIZO, Special Sections Editor KAHULUI — Imagine never getting a home electric bill again. That vision became reality last month when FABMAC Homes Inc. introduced its latest model at 221 S. Wakea Ave., featuring 100-percent off-grid electrical power. FABMAC, a Kahului-based company that installs codecompliant factory-built homes, has been offering an array of high-quality, energy-efficient, affordable houses on Maui since 2009. Most are move-in ready within 90 days of contract signing, according to FABMAC President Francesca Carey, a member of the U.S. Green Building Council. Its newest Lokelani model features a residential solar system that Carey and Hawaiian Power and Light, which has locations in Honolulu and Kahului, are calling revolutionary. HP&L’s Predictable Power off-grid electricity system combines roof-mounted photovoltaic panels with an ultrahigh efficiency inverter and state-of the art battery storage. As a result, 100 percent of the home’s power needs are met — 24 hours a day, all year long, according to HP&L, which specializes in renewable energy and related products. Predictable Power kits can be used for off-grid or grid-tied net metering systems. “By adding the Predictable Power system from HP&L, we reach a new level in ongoing affordable accommodations,” Carey said. “With HP&L’s off-grid Predictable Power system, FABMAC owners can achieve complete energy independence — and never receive an electric bill.” FABMAC’s energy-efficient homes are equally impressive in structural integrity and aesthetic. The Kahului model home boasts nearly 2,000 square feet and is complete with carpet and vinyl flooring, a covered porch, steel and concrete foundation systems, plantation blinds and Cornice boxes, wood window sills and more. The house offers a beautiful glimpse into the host of possibilities with FABMAC’s 22 models. Create a house package to include different floor plans, sliding glass doors, extra decks and other customizations: “There are so many options that we’re bound to find something that will work for you,” Carey said. “I haven’t built one that has looked exactly like the floor

See FABMAC on Page 10 KAHULUI-BASED FABMAC HOMES INC.

Pakalana model: Interior

Model home: 221 S. Wakea, Ave., Kahului Website: fabmachomes.com Model photos provided by FABMAC Phone: (808) 244-0888 A Supplement of THE MAUI NEWS – Friday, March 28, 2014 – Page 3

Maile model: Porch

The Maui News | REAL ESTATE GUIDE | March 2014

Wells Fargo works for better tomorrow

WELLS FARGO HOME MORTGAGE KAHULUI 70 E. Kaahumanu Ave., Suite A-12, Kahului 873-3700 www.wellsfargo.com

DONATIONS,VOLUNTEERS GIVE BACK TO MAUI By KEHAULANI CERIZO Special Sections Editor

KAHULUI — This Wednesday, Tony Cadiz and his Wells Fargo Home Mortgage team will be making dinner for guests. It’s not just any meal. They’re cooking up warm food for people with the Ka Hale A Ke Ola Homeless Resource Center in Wailuku. The local organization, which serves Maui’s homeless and needy out of two locations, along with a list of

other nonprofits and community projects, benefit from Wells Fargo’s investment in community. Cadiz sees giving back to local efforts as the building blocks for better living. When we set the foundation for strong communities, all Maui residents will thrive, he said. “It’s our culture at Wells to contribute to the communities that we’re in,” said Cadiz. “People need to care about where they live, not just their home.”

Best Value Opportunity at the Papakea Resort J-303

The Kahului branch sales manager said his company’s No. 1 goal is to help people finance their first homes. After that, his team is striving to cultivate strong surrounding neighborhoods. “If no one’s interested in how a community develops or grows or is taken care of, then it could turn into something else down the road,” he said.

Photo courtesy Wells Fargo Home Mortgage

See WELLS FARGO Tony Cadiz (farthest right) and some of his Wells Fargo Home Mortgage team memon Page 9 bers are shown during a 2012 Habitat for Humanity volunteer project in Kula.

Come see us at the new model!

Welcome to the Family Diane Pool With over 18 years in Real Estate, Diane has the professional experience necessary to help you reach your real estate goals. She specializes in the South Maui areas of Wailea, Makena and Kihei yet has an inclusive knowledge of the entire island of Maui.

Ocean view Deluxe 2 bd, 2 bath. Offered at $409,000 LH-FA

Dan MacDonnell A licensed agent for over 13 years here on Maui. Dan has been professionally representing his clients as a full service agent for all of their real estate needs. Dan has represented clients for vacant land @ small homes to multi-million dollar luxury properties.

SATURDAY 7/17/10

A new home for you in 90 days!

pluta@maui.net • mauidestination.com

Joseph D. Pluta, Realty, LLC

We build custom a!ordable homes. Price includes cabinets, appliances, light fixtures, finished flooring, etc. 22 floor plans and Videos @ www.FabmacHomes.com

It is great to have two of Maui’s top professionals join our family at Wailea Realty. We are fortunate to have Diane and Dan join our team of Maui’s Luxury Real Estate Leaders. Be sure to reach out to them if you need any help with your Maui Real Estate needs.

Joseph D. Pluta (R) (PB)

REAL ESTATE SERVICES & VACATION RENTALS 181 Lahainaluna Rd. #I, Lahaina, HI 96761 808.283.4533 cell • 808.661.7990 ph 808.661.7992 fax

221 South Wakea Ave., Kahului, Appts: 244-0888

Shops at Wailea Ste B16

A Supplement of THE MAUI NEWS – Friday, March 28, 2014 – Page 4

www.WaileaRealty.com

808-879-1991

The Maui News | REAL ESTATE GUIDE | March 2014

HOUSING SHORTAGE ON MAUI

Affordable homes topic will heat up in election

COMMENTARY By DAVE DELEON

Realtors Association of Maui Government Affairs Director

xpect to hear a lot about the need for affordable housing in the upcoming election. That’s because the Maui housing market has heated up again. An upswing is great if you are selling a home, but it can be a serious problem if you need to rent on Maui. Especially if you need to rent at an affordable rate. An Akaku Public Access Television commentary asked if the recent, quick inflation of rental rates on Maui was unique. Had something shifted the balance of supply and demand to cause rents to suddenly go through the roof? Actually, Maui is always short on housing our working population can afford. The term “affordable housing” is often derided as an oxymoron by those facing the inflated prices, because what goes for affordable here would be deemed outrageous in other communities. Why does the problem

seem so pronounced here, as needs — police officers, fire- like many Mainland communities have. Before the the Akaku commentary sug- fighters, teachers, nurses, tourism boom, much of the gested? The answer is: This government, small business island’s population worked — can live “just over the isn’t the Mainland. This is Maui, an international mag- mountain,” in a neighboring on plantations and lived in net for the rich and famous. community. Pay enough, and simple employee camp houspeople will drive a long way ing. At one point the majority It’s a Hawaiian Island with to their work. In the Hawaiian of the island’s population was the “best weather on the centered on Paia, with much planet.” So when the econo- Islands, we don’t have that option. We get to live togeth- of the residents living in a my heats up, the place fills complex of plantation camps. up. When the real estate cy- er on the same island, in the The Real Estate Store All of that housing was same community. cle goes into high gear, the Maui Mall plowed under by the plantasupply of rentals shrinks. And as the shortage of 70 E. Kaahumanu Ave. A6 housing increases, it causes tions, and the center of the Put an ad in the paper for Kahului, HI 96732-2113 real pain for those who can- population moved to fee siman affordable rental — like Attitude is a little thing $1,500 for a walk-up apart- not find a reasonable place to ple homes in the new Kahului that makes a BIG DIFFERENCE!!!! STACEY T. SLY Realtor R(S) Dream City development, live. As that pressure inment — and expect a flood 808.280.7591 808.871.8807 of responses. This phenome- creases, the affected commu- starting in the 1950s. The ssly@slypropertiesofmaui.com reservoir of older camp nity will start demanding non was, in fact, absolutely www.slypropertiesofmaui.com homes was erased. predictable. In reality, Maui is that government do someSince then there has althing about it. always short on affordable I Take the Stress out of Buying & Selling homes because there is an That’s when the need for ways been a shortage of housing the residents could endless supply of people who “affordable housing” goes would like to move here. If political and becomes some- afford to rent. And periodically the community’s elected there are jobs and housing, thing our elected leaders leaders would respond to that they will come, at least until have to respond to. There need by attempting to build the housing dries up. The sit- are, of course, no easy annew affordable homes or uation just gets much worse swers, but that never stops write laws to force developers when the housing market government from trying to to build affordable homes. heats up, as it did recently. come up with answers. After struggling to reWhile they can never fill the A 2006 study of Maui’s spond to a severe housing demand, the County and housing situation for the shortage during the 2002-05 State governments have County Department of doggedly worked to supply housing boom, the Maui Housing and Human Conhomes local residents can af- County Council passed a cerns made the point that landmark county Workforce ford. there has always been a shortage of homes that the This struggle has contin- Housing Ordinance. That ordinance was patterned after local working class commu- ued since the 1970s, when nity can afford. the island’s economy shifted an “inclusionary” housing model that required a portion from plantation agriculture So what can we do about of homes in a project to be to a tourism base. As tourism it? Doing nothing is not an set aside at affordable rates. generated jobs, the populaoption: You can’t have a This ordinance was a sintion doubled. This shift also healthy community if only cere effort to make sure that well-to-do people can afford had an impact of the availMaui’s working class famiability of affordable homes. to live here. Some Mainland lies could have a roof over Most rural Hawaii comcommunities can get away munities — including Maui their heads without having to with that approach because — do not have a reservoir of See HOUSING SHORTAGE the folks who provide the on Page 11 services a healthy community less expensive, older homes A Supplement of THE MAUI NEWS – Friday, March 28, 2014 – Page 5

A B ALAELOA B2

C k ali P nap Kaa

wy.

Kaanapali

Front St.

West Maui HOYOCHI NIKKO C2

LEINANI APARTMENTS C2

NOHONANI C2

20 Alaeloa #8

3901 L. Honoapiilani Rd.

3750 L. Honoapiilani Rd.

3723 L. Honoapiilani Rd.

ASTON KAANAPALI SHORES C2

HYATT REGENCY MAUI D2

LOKELANI C2

OPUKEA D2

3445 L. Honoapiilani Hwy.

Nohea Kai Drive at Kaanapali

3833 L. Honoapiilani Rd.

1001 Keawe St.

ASTON MAUI ISLANDER E2

INTERNATIONAL COLONY CLUB C2

MAHANA C2

PAKI MAUI C2

660 Wainee Street

2750 Kalapu Drive

110 Kaanapali Shores Pl.

3615 L. Honoapiilani Rd.

ASTON SANDS OF KAHANA C2

KAANAPALI ALII D1

MAHINA SURF C2

PAPAKEA BEACH RESORT C2

4299 L. Honoapiilani Hwy.

50 Nohea Kai Dr. at Kaanapali

4057 L. Honoapiilani Rd.

3543 L. Honoapiilani Rd.

CHANNEL HOUSE E2

KAANAPALI BEACH HOTEL D1

MAHINAHINA BEACH C2

PIKAKE C2

1010 Front Street

2525 Kaanapali Parkway

4007 L. Honoapiilani Rd.

3701 L. Honoapiilani Rd.

COCONUT INN B3

KAANAPALI PLANTATION C2

MAKANI SANDS C2

PIONEER INN HOTEL E2

181 Hui Road F

150 Puukolii Road

3765 L. Honoapiilani Rd.

EMBASSY VACATION RESORTS C2

KAANAPALI ROYALE D2

THE MAUIAN B2

658 Wharf St., at Lahaina Harbor

104 Kaanapali Shores Pl.

2560 Kekaa Drive

5441 L. Honoapiilani Rd.

PLANTATION INN E2

THE GARDENS AT WEST MAUI B3

KAHANA BEACH RESORT C2

MAUI BREAKERS C2

174 Lahainaluna Road

369 L. Honoapiilani Hwy.

4221 L. Honoapiilani Rd.

3702 L. Honoapiilani Rd.

POHAILANI MAUI C2

HALE MAHINA C2

KAHANA FALLS B2

4435 L. Honoapiilani Rd.

3875 L. Honoapiilani Hwy.

4260 L. Honoapiilani Rd.

HALE MAUI HOTEL C2

KAHANA GATEWAY APTS B2

MAUI ELDORADO D2 2661 Kekaa Dr. at Kaanapali MAUI ISLANDER E2

3711 L. Honoapiilani Hwy.

4465 Honoapiilani Hwy.

660 Wainee Street

PUAMANA E2

HALE NAPILI B2

KAHANA MANOR B2

MAUI KAANAPALI VILLAS C2

34 Puailima Place

65 Hui Drive

4310 L. Honoapiilani Rd.

2805 Honoapiilani Hwy.

PUNA POINT B2

HALE ONO LOA C2

KAHANA OUTRIGGER B2

MAUI KAI C2

5900 L. Honoapiilani Rd.

3823 L. Honoapiilani Rd.

4521 L. Honoapiilani Rd.

106 Kaanapali Shores Place

PUUNOA BEACH ESTATES D2

HALE ROYALE C2

KAHANA REEF B2

MAUI MARRIOTT HOTEL D2

45 Kai Pali Place

3788 L. Honoapiilani Rd.

4471 L. Honoapiilani Rd.

Nohea Kai Drive at Kaanapali

RITZ CARLTON KAPALUA A3

HOLOLANI C2

KAHANA SUNSET B2

SUNSET TERRACE C2

One Ritz Carlton Drive

4401 L. Honoapiilani Rd.

4909 L. Honoapiilani Rd.

3626 L. Honoapiilani Rd.

ROYAL HALE C2

HONO KOA C2

KAHANA VILLAS B2

MAUI SANDS C2

2780 Kekaa Drive at Kaanapali

3801 L. Honoapiilani Rd.

4242 L. Honoapiilani Rd.

3559 L. Honoapiilani Rd.

ROYAL KAHANA C2

HONOKEANA COVE B2

KALEIALOHA C2

NAPILI BAY HOTEL B2

4365 L. Honoapiilani Rd.

5255 L. Honoapiilani Rd.

3785 L. Honoapiilani Rd.

33 Hui Road

ROYAL LAHAINA RESORT C2

HONOKOWAI EAST C2

KAPALUA BAY VILLAS A3

NAPILI GARDENS B2

2780 Kekaa Drive at Kaanapali

3660 L. Honoapiilani Rd.

500 Bay Drive, Kapalua

5432 L. Honoapiilani Rd.

SHERATON MAUI C2

POLYNESIAN SHORES C2

KAPALUA GOLF VILLAS B3

NAPILI KAI BEACH RESORT B2

3666 L. Honoapiilani Rd.

100 Kapalua Drive

5900 L. Honoapiilani Rd.

THE COCONUT GROVE A3

HONOKOWAI SUNRISE C2

KAPALUA RIDGE VILLAS B3

NAPILI LANI B2

On Kapalua Drive

3676 L. Honoapiilani Rd.

100 Ridge Drive

5900 L. Honoapiilani Rd.

THE RITZ-CARLTON RESIDENCES A3

HONUA KAI RESORT & SPA C2

KULAKANE C2

NAPILI PUAMALA B2

1234 Kapalua Bay Drive

130 Kai Malina Parkway

3741 L. Honoapiilani Rd.

50 Napili Place

THE SPINNAKER E2

KULEANA I & II C2

NAPILI POINT B2

760 Wainee Street

3959 L. Honoapiilani Rd.

5295 L. Honoapiilani Rd.

LAHAINA INN E2

NAPILI RIDGE B3

THE WESTIN KAANAPALI OCEAN RESORT VILLAS C2

127 Lahainaluna Road

120 Hui Road F

6 Kai Ala Drive

LAHAINA RESIDENTIAL E2

NAPILI SHORES B2

VALLEY ISLE RESORT C2

1034 Front Street

5315 L. Honoapiilani Rd.

4327 L. Honoapiilani Rd.

LAHAINA ROADS E2

NAPILI SURF B2

WESTIN MAUI D2

1403 Front Street

50 Napili Place

2365 Kaanapali Parkway

NAPILI SUNSET B2

THE WHALER D1

HONOKOWAI PALMS C2

46 Hui Road

Condominium & Resort Directory Wailuku

3975 L. Honoapiilani Rd.

2605 Kaanapali Parkway

Lahaina

2014

Kapalua 30

Kahului 36 37 37

380

2481 Kaanapali Parkway

NAPILI VILLAGE HOTEL B2 48 Hui Road F

LAHAINA SHORES E2 475 Front Street

350 31

NOELANI C2 4095 L. Honoapiilani Rd.

Maalaea

Kihei G 31

MAUI A Supplement of THE MAUI NEWS – Friday, March 28, 2014 – Page 6

Maalaea

Kihei G 31

MAUI H

Map Detail

South Maui

J K L

ALOHA PUALANI G6

KAMAOLE BEACH CLUB H7

KIHEI KAI RESORT F6

MAKANI A KAI G5

NANI KAI HALE F6

15 Wailana Place, Kihei

2381 S. Kihei Road, Kihei

61 N. Kihei Road, Kihei

300 Haouli St., Maalaea Village

73 N. Kihei Road, Kihei

AUHANA HALE H7

KAMAOLE BEACH ROYALE H7

KIHEI KAI NANI I7

MAKENA BEACH & GOLF RESORT J6 NONA LANI COTTAGES G6

90 Auhana Road, Kihei

2385 S. Kihei Road, Kihei

2495 S. Kihei Road, Kihei

5400 Makena Alanui, Kihei

455 S. Kihei Road, Kihei

AWIHI TOWNHOUSE H6

KAMAOLE NALU I7

KIHEI MANOR H7

MAKENA SURF J6

ONE KOUNOU PLACE H7

2141 Awihi Place, Kihei

2450 S. Kihei Road., Kihei

2136 Konou Place, Kihei

96 Makena Rd., Kihei

2152 Kounou Place, Kihei

BAY VISTA APARTMENTS H7

KAMAOLE ONE H7

KIHEI PARKSHORES H6

MALUHIA AT WAILEA I7

OUTRIGGER MARRIOTT I7

2140 Awihi Place, Kihei

2230 S. Kihei Road, Kihei

2037 S. Kihei Road, Kihei

3400 Wailea Alanui, Kihei

3700 Wailea Alanui Drive, Kihei

HOTEL WAILEA I7

KAMAOLE PARK H7

KIHEI REGENCY H7

MANA KAI MAUI I7

PACIFIC SHORES APARTMENTS H7

555 Kaukahi, Kihei

Keonekai Street, Kihei

2441 S. Kihei Road, Kihei

2960 S. Kihei Road, Kihei

2219 S. Kihei Road, Kihei

FOUR SEASONS WAILEA J7

KAMAOLE SANDS I7

KIHEI RESORT H7

MAUI BANYANS I7

THE PALMS AT WAILEA I7

3900 Wailea Alanui Dr., Kihei

2695 S. Kihei Road., Kihei

777 S. Kihei Roads, Kihei

2575 S. Kihei Road, Kihei

3150 Wailea Alanui, Wailea

GRAND CHAMPION GOLF & TENNIS VILLAS I7

KAMOA VIEWS H7

KIHEI SANDS F6

MAUI BEACHFRONT RESORT H6

POLO BEACH CLUB J6

115 N. Kihei Road, Kihei

1312 Uluniu Road, Kihei

20 Makena Road, Kihei

KIHEI SHORES I6

MAUI COAST HOTEL H7

PUNAHOA BEACH I7

2747 S. Kihei Road, Kihei

2259 S. Kihei Road, Kihei

2142 Iliili Road, Kihei

KIHEI SURFSIDE I7

MAUI COURT I7

ANDAZ MAUI AT WAILEA I7

2936 S. Kihei Road, Kihei

2747 S. Kihei Road, Kihei

3550 Wailea Alanui Drive, Kihei

KIHEI VIEW H7

MAUI GARDENS H6

ROYAL MAUIAN I7

Keonekai Street, Kihei

1450 S. Kihei Road, Kihei

2430 S. Kihei Road, Kihei

KIHEI VILLA H7

MAUI HILL I7

ROYAL MENEHUNE H6

2135 S. Kihei Road, Kihei

2881 S. Kihei Road, Kihei

2061 S. Kihei Road, Kihei

KIHEI VILLAGES F7

MAUI ISANA RESORT G6

SLEEPY HOLLOW H6

140 Uwapo Road, Kihei

515 S. Kihei Road, Kihei

1667 S. Kihei Road, Kihei

KIMO KE APARTMENTS I7

MAUI KAMAOLE I7

SHORES OF MAUI H6

10 Walaka Street, Kihei

2777 S. Kihei Road, Kihei

2075 S. Kihei Road, Kihei

KOA KAI APARTMENTS H7

MAUI LU RESORT G6

SUGAR BEACH RESORT F6

99 Walaka Street, Kihei

575 S. Kihei Road, Kihei

145 N. Kihei Road, Kihei

KOA LAGOON G6

MAUI OCEANFRONT HOTEL I7

VILLAGE BY THE SEA G6

800 S. Kihei Road, Kihei

2980 S. Kihei Road, Kihei

4327 S. Kihei Road., Kihei

KOA RESORT H7

MAUI PALISADES H7

WAILANA SANDS G6

811 S. Kihei Road, Kihei

Kilohana Street, Kihei

25 Wailana Place, Kihei

LAULOA G5

MAUI PARKSHORE I7

WAILEA EKAHI I7

100 Hauoli St./Maalaea Village

2653 S. Kihei Road, Kihei

3300 Alanui Drive, Kihei

LEILANI KAI H6

MAUI SCHOONER RESORT H6

WAILEA EKOLU VILLAGE J7

1226 Uluniu, Kihei

980 S. Kihei Road, Kihei

10 Wailea Ekolu Place, Kihei

LEINAALA H6

MAUI SUNSET H6

WAILEA ELUA VILLAGE I7

998 S. Kihei Road, Kihei

1032 S. Kihei Road, Kihei

600 Alanui Drive, Kihei

LIHI KAI COTTAGES I7

MAUI VIEW APARTMENTS H7

WAILEA GOLF VISTAS I7

2121 Iliili Street, Kihei

76 Walaka, Kihei

Above the Blue Course, Wailea

LUANA KAI H6

MAUI VISTA H7

WAILEA POINT J7

940 S. Kihei Road, Kihei

2191 S. Kihei Road, Kihei

4000 Wailea Alanui, Kihei

MAALAEA BANYANS G5

MENEHUNE SHORES G6

WAIOHULI BEACH HALE H6

190 Hauoli St./Maalaea Village

760 S. Kihei Road, Kihei

49 Lipoa Street, Kihei

MAALAEA KAI G5

MILOWAI G5

WAIPUILAN H6

70 Hauoli St./Maalaea Village

50 Hauoli St./Maalaea Village

1002 S. Kihei Road, Kihei

MAALAEA MERMAID G5

NA HALE KAI G6

20 Hauoli St./Maalaea Village

34 Wailana Place, Kihei

MAALAEA SURF RESORT F6

NA HALE O MAKENA J6

12 S. Kihei Road, Kihei

4955 Makena Road, Kihei

MAALAEA YACHT MARINA G5

NA HOLOKA I G6

30 Haouli St., Maalaea Village

34 Wailana Place, Kihei

2124 Awihi Place, Kihei Above Wailea Alanui Dr., Wailea KANA'I A NALU G5 GRAND WAILEA RESORT J7 250 Hauoli St./Maalaea Village 3850 Wailea Alanui Dr., Wailea KANOE RESORT H7 HALE HUI KAI I7 2050 Kanoe Street, Kihei 2994 S. Kihei Road, Kihei KANOELANI APARTMENTS H7 HALE ILI ILI J7 2065 Kanoe Street, Kihei 2172 Iliili Road, Kihei KAPULANI KAI H6 HALE KAI O'KIHEI H6 73 Kapu Place, Kihei 1310 Uluniu Road, Kihei KAU HALE MAKAI H6 HALE KAMAOLE I7 930-938 S. Kihei Road, Kihei 2737 S. Kihei Road, Kihei KE ALII OCEAN VILLAS H7 HALE MAHIALANI H7 28 Hauwahine Lane, Kihei 21 Kaiau Place, Kihei FAIRMONT KEALANI J6 HALE PAU HANA I7 4100 Wailea Alanui Drive, Kihei 2480 S. Kihei Road, Kihei KEALIA F6 HALEAKALA GARDENS H7 191 N. Kihei Road, Kihei 15 Kulanihakoi, Kihei KEAWEKAPU I7 HALEAKALA SHORES I7 2895 S. Kihei Road, Kihei 2619 S. Kihei Road, Kihei KEONEKAI VILLAGES H7 HO‘OLEI AT GRAND WAILEA J7 160 Keonekai Road, Kihei 146 Ho‘olei Circle, Wailea KIAWE TERRACE G6 HONO KAI G5 851 S. Kihei Road, Kihei 280 Hauoli St./Maalaea Village KIHEI AKAHI I7 ISLAND SANDS G5 2531 S. Kihei Road, Kihei 150 Hauoli St./Maalaea Village KIHEI ALII KAI I7 ISLAND SURF H6 2387 S. Kihei Road, Kihei 1993 S. Kihei Road, Kihei KIHEI BAY SURF G7 KAI MAKANI BEACH VILLAS G6 715 S. Kihei Road, Kihei Kai Makani Loop, Kihei KIHEI BAY VILLAS G7 KAI MALU AT WAILEA J6 775 S. Kihei Road, Kihei 3550 Wailea Alanui Drive, Kihei KIHEI BEACH RESORT G6 KALAMA GARDENS H7 36 S. Kihei Road, Kihei 36 Walaka Street, Kihei KIHEI COVE I7 KAIAMA TERRACE H7 2181 Iliili Road, Kihei 35 Walaka Street, Kihei KIHEI GARDEN ESTATES H6 KALAMA TOWNHOUSE H7 1299 Uluniu Road, Kihei 46 Walaka Street, Kihei KIHEI HOLIDAY G6 KALAMA VILLA H7 483 S. Kihei Road, Kihei 2144 Konou Place, Kihei

Wailea

Makena

How To Use This Map The condominiums & hotels in West Maui and South Maui are listed here in alphabetical order according to region. A grid letter and number coordinate is listed with each property for map location. Be advised that street addresses are not necessarily the correct mailing address. (Example: Addresses in the Maalaea area are served by Rural Route Delivery from the Wailuku Post Office.)

In Today’s Real Estate Market There’s No Substitute For Experience Joseph Hogin, Broker Jodi Hogin, Broker Direct: 808-870-2775 ERA Pacific Properties BuyaHomeOnMaui.com

Steve Hogin, Principal Broker Rosie Porce-Hogin, R(S) Direct: 808-879-1511 ERA Pacific Properties Serving the Islands for over 20 Years ERAPacificProperties.com

1279 S. Kihei Rd., #119, Azeka Mauka, Kihei, HI 96753 A Supplement of THE MAUI NEWS – Friday, March 28, 2014 – Page 7

The Maui News | REAL ESTATE GUIDE | March 2014

State Real Estate Commission here to help Hawaii Real Estate Commission (REC), the most common question I hear is: “What do you do as a commissioner?” REC is one of 25 boards and commissions administratively attached to the Department of Commerce and Consumer Affairs (DCCA) through the Professional and Vocational Licensing Division (P&VLD). Nine REC members are By BRUCE R. FAULKNER appointed by the governor Real Estate Commissioner and confirmed by the State was appointed a real Senate. The chair is desigestate commissioner in nated by the governor. All 2012. Two years into commissioners must be serving as Maui’s repreU.S. citizens who have sentative on the State of resided in Hawaii for at

COMMENTARY

least three years preceding appointment. By statute, at least four members must be licensed real estate brokers who have been in the real estate business in Hawaii for three years immediately preceding appointment. Two commissioners must be public members. The statute further provides that four commissioners must be from the City and County of Honolulu, and one commissioner each from the counties of Kauai, Maui and Hawaii. Commissioners are appointed for a four-year term. The appointment to a commission position is an uncompen-

sated public service. REC is responsible for the licensure, education and discipline of real estate agents; registration of prelicense schools, continuing education providers, condominium projects, condominium associations, condominium managing agents and condominium hotel operators; and certification of prelicense and continuing education courses and prelicense instructors. There are currently 17, 633 real estate licensees in Hawaii. Of those licensees, 12,363 have an active real estate license, while 5,270 are

inactive. A breakdown by license type shows that there are 3,745 brokers; 11,357 salespeople; 1,566 corporations, partnerships, LLCs and LLPs; and 965 sole proprietors. There are roughly 1,670 condominium association registrations and 27 condominium hotel operator registrations for the entire state. Hawaii has the largest percentage of condominium dwellers in the U.S. in relation to its population; it’s also the first state to create condominium-specific laws. REC is also authorized to grant licenses to real estate brokers and salesper-

sons; make specific rules to regulate the professional conduct of brokers and salespersons; inspect client trust accounts; suspend or revoke licenses; issue certificates of registration to prelicense schools and continuing education providers; certify prelicense instructors and continuing education courses; fine licensees for violations of the license laws and rules; and register condominium hotel operators and condominium managing agents. In addition, REC has the responsibility for adminis-

See REC on the last page of this section

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A Supplement of THE MAUI NEWS – Friday, March 28, 2014 – Page 8

The Maui News | REAL ESTATE GUIDE | March 2014 WELLS FARGO Continued from Page 4

Sellers: Some terms need attention with a purchase contract While real estate contracts are not covered by Hawaii’s Plain Language Law for contracts, the standard contract approved for use by the Realtors Association of Maui and higher real estate regulating bodies intends to be clear and unambiguous. Nonetheless, some terms, although clear in their basic meaning, may need special attention when they are seen in a purchase contract. ■ CLOSING DATE. Be sure the date the buyer wants to take title is reasonable for you. It may not be negotiable after the contract is signed.

■ DATE OF POSSESSION. Be sure the date the buyer actually wants to move in is reasonable for you. Again, this will be a fixed date when both parties have signed the contract. ■ EARNEST MONEY. This is a deposit that the buyer will lose if he or she backs out of the deal, so you want to see a larger amount of

earnest money. A large deposit is usually a good indication of a sincere buyer.

■ FIXTURES AND PERSONAL PROPERTY. You may have a definite idea of what “fixtures” and “personal property” mean, but in terms of contract language, the things included are the things listed. Be sure the items the buyer lists as things expected to remain with the property are all things you are willing to leave when you move.

See SELLERS on Page 10

That’s why Cadiz and his team are focused on helping real estate-, homeownershipand community-related projects, all in an effort to foster a healthier tomorrow. For example, the Wells Fargo group gave $5,000 to Habitat for Humanity in August; they donated $10,000 to the nonprofit in February 2012. That same year, a Wells team volunteered to help build a home in Kula during a Habitat work day. Maui Crime Stoppers, which recently honored standout employees of the Maui Police Department, Maui County Prosecutors Office and the judiciary, received $850 during its March 15 fundraising event. Maui Food Bank and Backpack Buddies get ongoing financial support. Also, Special Olympics Hawaii, Muscular Dystrophy Association and Maui United Way re-

solely about giving a onetime loan to help people buy their first property, rental or second home; instead, it’s about assisting for a lifetime. “We’re here to help you fi— TONY CADIZ, Wells Fargo branch sales manager nancially for the rest of your life, whether it’s to provide a ceive donations from Wells American Cancer Society / lower rate on the mortgage Fargo Home Mortgage. Relay for Life; David down the road, or to get your “The intent with any of Lawrence is a board member first rental, or just to help these contributions is to grow and treasurer of statewide your community along by inour community, help our nonprofit Ukulele Guild of vesting in building that comcommunities, grow the posi- Hawaii; Sheila Long serves munity and funding the tive and get rid of the nega- as an executive board mem- groups that nurture commuber at Sacred Hearts School; nities and provide security for tive,” Cadiz said. He said Wells Fargo out- and Vida Yap volunteers communities. “It’s not about the transacreach work doesn’t end when with young Filipino and Mition and the fee income and office hours are over. People cronesian children. Wells Fargo now has four the number, it is the investon Cadiz’s team head up individual and group projects. locations on Maui: Wailea, ment beyond that, into the Monica Starleaf Riker coor- Pukalani, Kahului and La- community, because we all dinates efforts at Ka Hale A haina. Last month, it was live in these communities, Ke Ola Homeless Resource named the world’s most too,” Cadiz said. “That’s the Center; Edgar Tesoro is a valuable bank brand for the intent: to give back so we can fundraising campaign com- second year running in The grow — we all help each mittee member for Maui Banker and Brand Finance other out.” Family YMCA; Marina Za- study of the top 500 banking utner assists Susan G. brand. ■ Kehaulani Cerizo can be Komen Race for the Cure; Cadiz echoed that the mis- reached at kcerizo@ Kimberly Kawachi helps sion of Wells Fargo isn’t mauinews.com.

“The intent with any of these contributions is to grow our community, help our communities, grow the positive and get rid of the negative.”

Your Goals Deserve Our Attention Whether you’re buying your first home, a second home or refinancing your current home, Wells Fargo Home Mortgage has the products and programs to help you reach your home buying goals

Lisa Poulsen 298-9098

Dan Bardenhagen, PMB 280-6168

Vida Yap 442-2405

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NMLSR ID 6536677

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Sandy Rice 283-4856

Kimberly Kawachi 357-0943

Paula Diep 385-0482

Monica Casperino 662-7783

Bill Lamkin 344-6344

NMLSR ID 662113

NMLSR ID 742851

NMLSR ID 232316

NMLSR ID 1086696

NMLSR ID 716938

Tony Cadiz, BM 268-3399

Edgar Tesoro 280-5568

David Lawrence Marina L. Zautner 281-9280 269-0981

NMLSR ID 653663

NMLSR ID 662124

NMLSR ID 653666

Sheila Long 268-1708

Monica S. Riker 250-9046

NMLSR ID 339479

NMLSR ID 653664

Now is the time to SELL! Now is the time to BUY! Give us a call at 276-7330 We can help you!!! Experienced Family Realtors

Manny Bumanglag, R(S) Mila M. Bumanglag, R(B) (808) 276-7330 or (808) 276-4179 (direct)

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A Supplement of THE MAUI NEWS – Friday, March 28, 2014 – Page 9

The Maui News | REAL ESTATE GUIDE | March 2014 SELLERS Continued from Page 9 ■ REPAIRS. When repairs are mentioned in a contract, they usually become part of the decision about the price the buyer is offering. If you are being asked or instructed to make repairs, find out what the repairs will cost and decide whether you’re willing to do the work or

would rather lower the price limits on these contingenby that amount. cies so that they won’t drag ■ CONTINGENCIES. These on and keep your sale from becoming final. are other factors the buyer wants met before the con- ■ CONTRACT EXPIRAtract is final. The deal may TION DATE. See how long depend on inspections, the you have to make a decision buyer selling another home, to accept or reject an offer, or or securing a mortgage. It to present a counter-offer. may be contingent on a review of the contract by the — Courtesy of Realtors Association of Maui buyer’s attorney. Set time

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FABMAC Continued from Page 3 plan,” she said. “One woman in Lahaina added a whole extra wing. It’s incredible to see what we’ve been able to do. If you look into the house, every one is unique.” Factory-built housing is a generic term that includes four types of construction: Manufactured (HUD code); modular; panelized; and precut (kit) homes. FABMAC houses are manufactured HUD code, which exceeds County of Maui and State of Hawaii codes; they’re built in Energy Star-certified factories in California then shipped in two to three sections to Hawaii. FABMAC’s homes are built extra rigid to hold up during shipping and assembly, which also makes the houses better equipped to withstand earthquakes and severe storms, Carey said. Homes built for the Hawaii market guard against hurricane winds of 150 mph. “It is superior because it is based on performance standards, which means that builders can take advantage

of current technology, improved construction methods and superior raw materials,” Carey said The FABMAC president said there are several misconceptions about factory-built homes: “People think it comes in a container. It doesn’t. It’s a full-size house. People think they’re trailers; it’s not a trailer. You’re in a regular house. It’s just not built on your site. It’s brought to your site and put together.” Carey, a founding member of nonprofit Na Hale O Maui, Maui’s first community land trust, views FABMAC Homes as affordable housing solutions, which emphasize quality, flexibility, timing and, of course, cost. A FABMAC threebedroom, two-bathroom home is priced at $195,000. Cost include design, engineering and fabrication at the certified HUD code factory, along with shipping, trucking to your site, assembly, foundation, stairs and utility inspection. The long list of FABMAC Homes’ structural, interior, exterior, plumbing and electrical

specifications are truly seeit-to-believe-it features. Basic package appliances include range, refrigerator and disposal. Premiere package appliances include range, refrigerator, disposal, dishwasher and built-in microwave. The highest-priced home is the four-bedroom, three bathroom Lehua model, which is $367,000 at a Basic package. To date, Maui has more than 20 FABMAC homes, including houses in Wailuku, Kahului, Pukalani, Kula, Lahaina and Kihei. “These quality-built homes can be custom designed for your family’s lifestyle, and once you ordered, you can move in within four months,” Carey said. “FABMAC handles everything for you from permit application to final walkthrough inspection. You will be surprised to see how inexpensive these homes are compared to site-built homes of equal quality.” ■ Kehaulani Cerizo can be reached at kcerizo@ mauinews.com.

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The Maui News | REAL ESTATE GUIDE | March 2014 HOUSING SHORTAGE Continued from Page 5 double up with mom and dad. But good intentions could not overcome the council’s serious inability to understand what makes economic sense for developers or to read the economy. The measure required residential developers to accommodate a welldefined class of “workforce” local residents in all of their projects. It ambitiously required that developers set aside 50 percent of their homes at prices based on the buyer’s income instead of what it cost to build the homes. That, in effect, means that the other 50 percent of the project would have to subsidy those lower prices. It offered no incentives to the developers. The measure’s timing could not have been worse. It was approved in late 2006, over the veto of Mayor Alan Arakawa, and demonstrated the council’s complete inability to read the economic conditions then at work. The bottom had already started to fall out of the national economy, and there would be few proposals for new housing starts in the coming years, let alone projects with the capacity to meet a 50-percent inclusionary housing requirement. In the years following its enactment, visiting economists would repeatedly point to this law as the reason no new homes were being built on Maui. The County’s Workforce Housing Ordinance is

credited with the creation of a total of three Workforce Housing units since its inception. Despite it being clearly dysfunctional, it took the County Council seven years to officially recognize that the measure had become more of a hindrance to affordable housing development than a help. The Council’s Housing Committee under Chair Stacy Crivello has spent much of the last year untangling the wreckage and trying to build a workable law out of the existing ordinance. About the same time the Workforce Housing Ordinance was being passed, a local community group got creative. Using an effective Vermont community land trust program as a model, this coalition of Realtors, nonprofit housing advocates and ordinary citizens created Na Hale O Maui Community Land Trust. The concept was a response to the problem of affordable homes only being “affordable” to their first generation of buyers. Na Hale is aimed at making them affordable forever. Often government would stretch to build cheaper homes that local residents could afford, often with 10-year buyback requirements. Buybacks are meant to keep qualified buyers of affordable homes from “flipping” them right after they take title. If they do have to

sell before the 10-year period was up, then they would be required to offer the home, based on formula, to the County. The problem was, there was no guarantee that the County would actually exercise its option. And after 10 years, all of the homes could be sold at straight market rates, which means their values would jump above affordable values. The land trust model calls for homes that the community creates as affordable to remain affordable forever. The land trust — in this case Na Hale O Maui — would own the land and lease it to the homeowner. The homeowner could only sell the property back to the trust at a set rate that would guaranty the homes would always be “affordable.” The owner would be able to receive a percentage of what the home would actually be worth on the open market. The original idea was for Na Hale O Maui to operate as the manager of the affordable side of the Workforce Housing formula. But then the economy tanked, and the Workforce Housing program did not produce homes to be managed. So Na Hale shifted to Plan B. Using Federal and County Neighborhood Stabilization funds, it jumped into the foreclosure fray of 2008-12 and started buying up foreclosed homes, fixed them up and bought down their financing so the prequalified

families Na Hale sold them to could actually afford them. Those prices are about $300,000. Na Hale now has more than 30 of those former foreclosed homes scattered around the island, occupied by working Maui families. If one of those homes gets sold, its new owner will also pay about $300,000 for it. They remain affordable. Now that the economy is heating up again, Na Hale is looking to go back to Plan A and start working with developers. Another positive step Maui County took in the last housing boom was to set aside 2 percent of the County’s real property tax income to fund affordable housing efforts. This was the source for the County’s contribution to Na Hale’s Plan B foreclosure efforts. The fund has also been used by other nonprofits to provide homes on the lower end of the housing spectrum. The County itself is planning to use the lion’s share of this now multimillion dollar fund to create a 64-unit workforce rental housing project in Lower Kula. The creation of this fund shows a recognition that the shortage of workforce housing is something that Maui County will always be faced with. Unfortunately, when the Affordable Housing Fund was established in the County Charter, a sunset date was attached to its money source. Unless the charter is revised

in this year’s election, the mandate for the County to contribute 2 percent of its real property tax income to this fund will go away. The fund itself will continue to exist and the County Council will still have the ability to appropriate to the Affordable Housing Fund. But those contributions will no longer be fixed. When the political angst about housing wanes, the expectation is those funds will go elsewhere and the fund will eventually disappear. Without having a go-to housing fund, the County will no longer have the ability to respond to the continuous housing shortfall. The effort to get the mandatory contribution to the Affordable Housing reinstated in the Charter is already underway. Realtors, housing advocates and the County Administration are on the record for amending the Charter to protect the continuous funding source. Maui’s housing shortage will continue as long as our island’s economy is robust and people want to come to Maui to live and work. And the efforts to overcome that shortfall will also continue. ■ Dave DeLeon has held the title of Realtors Association of Maui government affairs director for seven years. DeLeon, a former Maui News reporter, also served as executive assistant in the administrations of Linda Lingle and Alan Arakawa. He can be reached at gad@ramaui.com.

H ana A g P ark Offered at $780,000 FS MLS #359436 4 Bdrm/2 Bath on 4.18 Acres

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Square Footage (Appx.) No. Bedrooms No. Bathrooms Year Built

1481 4 3 1986

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A Supplement of THE MAUI NEWS – Friday, March 28, 2014 – Page 11

Cell: (808) 357-7840 Fax: (808) 442-0808 Email: nanisantos808@gmail.com

The Maui News | REAL ESTATE GUIDE | March 2014 REC Continued from Page 8 tering the real estate recovery fund, real estate education fund and the condominium education trust fund. Besides these broad general powers, REC has many more specific duties, including developing examinations for broker and salesperson applicants; monitoring the activities of real estate schools and providers; publishing and disseminating reports; and intervening and defending in court cases involving the real estate recovery fund. Under the Condominium Property Regimes, Hawaii Revised Statutes (HRS) Chapter 514A, and Condominiums, Chapter 514B,

HRS, relating to condominium projects located and sold in Hawaii, the REC is responsible for the registration and issuance of an effective date of the developer’s public report. The REC is also responsible for administering the condominium education trust fund for educational purposes. These purposes include: education and research in the field of condominium management, registration and real estate for the benefit of the public and those required to be registered pursuant to the Condominium Property Act; improvement and more efficient administration of condominium associations; and expeditious and inexpensive procedures for resolving condominium association disputes.

“

The second most-asked question from real estate licensees is: “Why are there DUI cases published in the bulletin?” The simple answer is that it is a matter of record. If a licensee gets convicted of a DUI, they must report the All real estate licensees re- such as license renewal conviction to the commisceive the “Real Estate Com- (2014 is a renewal year); sion within 30 days of the mission Bulletin,” a quarter- legislative actions that imconviction. If it is not rely publication. In the notice, pact real estate; a message ported within 30 days, the REC staff includes a sumfrom the REC chair; and oth- licensee may face disciplimary of administrative acer matters that promote the nary action by the Regulattions taken by the commisprofessionalism of real estate ed Industries Complaints sion against specific real es- licensees. Important updates Office, and with the aptate licensees for violations to the commission website proval of the disciplinary of the laws and rules that are also highlighted. action by the REC, the ligovern real estate licensees. Likely the most significensee will receive free While this is probably the cant news is that every lipublicity in the bulletin. So most avidly read section of censee must create his or her this one is easy — just rethe bulletin, there are also ar- own eHawaii account in or- member, “If the ticket fits, ticles of interest to licensees; der to access relevant infor- you must admit!” Another news and information remation on license renewal reason the REC frowns upgarding upcoming events, and other important matters. on DUIs is that real estate

The most significant news is that every licensee must create his or her own eHawaii account in order to access relevant information on license renewal and other important matters.

”

HAWAIIAN SOLAR JUICE

licensees will often drive clients to view properties, etc. Driving is a part of being a real estate licensee, therefore, being convicted of a DUI does not reflect positively on the licensee. I hope you have a little better understanding of some of what the Hawaii Real Estate Commission does. Remember that consumer protection is the priority of the REC. ■ Bruce R. Faulkner has served annually as a Hawaii State Real Estate Commissioner since 2012. Faulkner, a former president of Realtors Association of Maui (2010), is a licensed real estate broker who operates Makawao-based Maui HI Realty. He can be reached at brf@maui.net.

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