Maui Real Estate

REAL ESTATE A SUPPLEMENT OF THE MAUI NEWS | FRIDAY, JULY 26, 2013

REAL ESTATE pg.

3

SCAMS

How to ensure you don’t become a victim

PLUS:

TIPS FOR THE FINAL WALK-THROUGH UNDERSTANDING YOUR HOME’S VALUE

KAHIAU >>>

Realtors giving from the heart for Maui | pg. 11

Understanding the appraised value of your home ou’ll hear several phrases used to describe the value of your home, especially as you prepare to buy or sell. One you’ll hear often as you prepare to sell is “appraised value.” This refers to an objective opinion about the value of the property. Appraisal, however, is not an exact science, so different appraisers may assign different values.

When houses are being bought and sold, the appraisals are usually based

Y

Al Alfonzo (808) 344-8439

on the market value, what it is believed the property could probably be sold for.

This is a number that is always in flux, especially in an active market like Maui. Besides appraised value and market value, you may also hear of insurance value, replacement value and assessed value for property taxes.

These numbers will not all be the same.

Appraised value is not a constant number. Any change in market conditions can dramatically change ap-

Carolann Guy (808) 871-8898

praised value.

A nearby and similar home selling at an unexpected price or a change in the number of buyers looking for homes in a specific range will change the appraisal.

Appraised value doesn’t take into consideration special circumstances that will change when a home is sold, such as the owner’s need to sell

rapidly. It is based on conditions that derive from the property and the market, not the buyer or seller.

Lenders usually use the appraised value or the actual selling price of a property, whichever is less, to determine the amount of the mortgage they will offer.

So, what’s the value of your home? Depends which value you’re asking about.

— Courtesy of the Realtors Association of Maui

on the cover:

Kisha Kawakami (808) 281-8099

This one-acre oceanfront property in Hana is being represented by Wendy R. Peterson of Island Sotheby’s. To find out more about this property, call Peterson at 870-4114 or email wendy@islandsir.com.

Get Solar Hot Water First!

Did You Know…

Paula Kobayashi (808) 385-9430

Eric Miyajima (808) 280-6444

Patrick Spencer (808) 344-5395

A Solahart Solar Water Heater generates THINK ABOUT IT!

12 kilowatts of power a day!

It requires at least

10 PV panels to do the same Robin Wagstaff (808) 280-4971

Mark Short VP/Loan Manager (808) 276-3226

Byron Yap (808) 280-3491

Call 871-9721

Go with Maui’s Most Trusted Solar Company.

Solar Hot Water Solar Electricity

Helping You Find the Right Financing

Lic. C-12555

Whether you’re a first-time homebuyer, buying the perfect lot to construct the home of your dreams, or purchasing a second home or investment property, we can help. We offer a wide range of products designed to help Maui’s homebuyers. Call us today.

Home Loans A division of American Savings Bank

Member FDIC

asbhawaii.com

NMLS # 423168

A Supplement of THE MAUI NEWS – Friday, July 26, 2013 – Page T2

Sweet Deal or Sour Situation?

By Lehia Apana Special Sections Editor he storyline is nothing new: a scammer offers something for an eye-catching price, devises attractive promises, then makes off with the cash before the victim realizes they’ve been duped. It’s a classic scheme that have left some Maui residents stunned — not to mention out of hundreds or thousands of dollars.

This story is all too familiar for Terry Tolman, Chief Staff Executive at the Realtors Association of Maui. His office receives a steady stream of complaints relating to Craigslist real estate scams, in which a con artist will scour the Internet for photos and information of a property,

T

How to identify and outsmart the scam artists Wailea Point Realty, Inc. ´/LYH XQOLNH \RX·YH HYHU OLYHG EHIRUHµ

Wailea Point - Hawaii's Finest Condominium Dave Wagner - Principal Broker Judy Gray - Broker in Charge Direct: 808-283-8660 Direct: 808-283-2666 www.WaileaPoint.com Office: 808-879-7233 A Supplement of THE MAUI NEWS – Friday, July 26, 2013 – Page T3

then use those details to create his or her own fake listing — almost always at a lower price to entice would-be renters.

Once the deposit or first month’s rent is collected, the scammer disappears. In some cases, the scammer will ask for personal information to steal a person’s identity.

“It’s a huge deal,” says Tolman, who adds that, “It’s usually the people who can least afford it who are getting scammed. That’s kind of the way these things work.”

Tolman says he has heard reports of up to five parties showing up at a home on the first day of the month expecting to move in — with only one person paying the real owner. In another incident, a family arrived at a home to find that it See SCAM on Page 5

12

Tips for hiring a remodeling contractor

ost tips lists are reminders, but this one probably includes at least a few ideas you’ve never heard before. Most contractors are trustworthy business people who rely on their reputations, but it is never a mistake to prepare for surprises. Usually, tips lists are pick-and-choose affairs, but seriously considering every one of these hints is wise when you’re thinking of remodeling your home. ≤ Get written estimates from at least three different contractors, being sure all three are bidding on all the same details. ≤ Get references from the contractors and actually call the customers whose names they give you. Don’t be afraid to ask specific questions about the contractor and crews. Ask permission to see the finished work. ≤ Check whether there are complaints against the contractors you are considering by calling the Maui Cham-

M

Do you own one of the following types of properties located in Maui/ Hawaii, and are thinking of selling it in 2013? * Apartment Building * Shopping Center * Retail Building * Office Building * Industrial Property * Warehouse * Farmland * Raw Land Since 2004, 1031 DST (Delaware Statutory Trust) was created to qualify as Qualified Replacement Property, as provided in IRS Revenue Rule 2004-86, to satisfy IRS replacement property rules in a 1031 tax-deferred exchange.

As an owner looking to sell your property, find out if you are a qualified accredited investor, how you can benefit from this IRS Rule as follows:

ber of Commerce at 871-7711 and the Hawai’i Better Business Bureau, toll-free on Oahu at (877) 2226551. ≤ Be sure there is a contract before work begins, and that it states exactly what work is to be done, and how change orders are to be handled. ≤ Make the smallest down payment you can negotiate to limit your losses in the event that the contractor fails to finish the job. ≤ Be sure that the contractor has the necessary permits, licenses and insurance. ≤ Check that the contract clearly states the finish date and spells out what recourse you have if the job is not finished as promised. Also, under most conditions, a contract signed at your home in Hawaii can be canceled within three days. You can read the details of Hawaii’s contract cancellation law online at www.povertylaw.org/legalresearch/hotline/hi/

V ABINETS & COUNTERTOPS Discontinued Formica $5.00 & Up

Tax-deferral on your sale of investment real estate Elimination of all property and tenant management duties Ownership of replacement property-investment grade real estate Opportunity to increase your monthly cash flow, Increase depreciation deduction on replacement property, Increase tax efficiency on net real estate income • Reduction of personal liability of real estate loan

Please call for a personal consultation to see if you can benefit from this opportunity today.

G2J2 Investment Management 424-634-1840

—Courtesy of the Realtors Association of Maui

while supplies last, all sales final

Quality Cabinetry • Fast Lead Times • Quartz, Solid Surface & Formica Countertops • Maple Butcher Block & Worktops in stock

• • • •

53047j.htm ≤ Ask the contractor what parts of the job will be done by his or her own crew, what will be subcontracted and how he will supervise and manage all the workers. ≤ See that the contractor indemnifies you if the work fails to meet local building codes or regulations. ≤ Be sure the contract clearly states that the contractor is responsible to clean up after the job is done and be responsible for any damage done during the remodel. ≤ See that the materials to be used are specified.

Then follow through by checking that those materials are used on the job. ≤ Do not make the final payment or sign any final documents until the work is done to your satisfaction.

Visit our Showroom to view our selection of cabinets and countertops

The Real Estate Store Maui Mall 70 E. Kaahumanu Ave. A6 Kahului, HI 96732-2113 Attitude is a little thing that makes a BIG DIFFERENCE!!!! STACEY T. SLY Realtor R(S)

Also Great Selection of : Exotic Hardwoods and Plywoods Now in Stock - Koa, Ohia, Mango, Kamani, IPE Ironwood Decking

Summer Special 15% OFF HARDWARE LUMBER MAUI Cabinets 823 Alua St., Wailuku Industrial Park Ph: 244-0499 • Fax: 242-1588 M-F 7:30-4 • SAT 8-12 NOON

A Supplement of THE MAUI NEWS – Friday, July 26, 2013 – Page T4

808.280.7591 808.871.8807 ssly@slypropertiesofmaui.com www.slypropertiesofmaui.com I Take the Stress out of Buying & Selling

SCAM Continued from Page 3

was already occupied.

Real estate scams are one of the most frequently reported Internet crimes in the nation, according to the Internet Crime Complaint Center. Its 2012 Internet Crime Report showed that last year alone, real estate scams in the United States were reported 14,432 times, with more than $15.4 million in losses.

Judi Pasco, Executive Assistant and Professional Standards Administrator at the Realtors Association of Maui, estimates her office receives about one call a week related to this kind of scam, mostly from real estate agents worried that their property for sale is also listed on Craigslist for rent. When this happens, she will send that person an email with information on how to report the incident to authorities. “Someone desperate to find a home is going to believe because they want to believe,� she says. “The hardest part is when you find out that someone has actually sent the money.�

Pasco adds that while people are still being duped, she is hopeful that people are learning from other’s mistakes.

“A couple years back it was way worse,� she remembers. “I think the word gets around, which is why it’s not as frequent, but we’re still getting people calling us about this.�

In an age when people are becoming increasingly comfortable with online transactions, that convenience can come at a high price, warns Chris Duque, CyberCrimes Investigator with the Department of the Prosecuting Attorney in Honolulu. One red flag, he says, is deal-

pretty good, adds Duque. He has heard countless stories of people being fooled with rental scams, and says that when it comes to protecting yourself from being victimized, one familiar saying still stands. “It’s human nature that people are looking for that free ride, but if it’s too good to be true, it is,� he says. ■Lehia Apana can be reached at lehia@mauinews.com.

How to spot a scam: â?– Suspicious looking email address.

If the person’s email address appears as a mish-mash of numbers and letters, beware. These are often automatically generated by a computer in order to be untraceable. � They accept bad credit. Oftentimes, scammers will say things like “bad credit okay� to entice those with lousy credit, thus targeting on those who are desperate to find a place to live because they’ve been turned down elsewhere. � Person is out of the country. Many scammers claim to be out of the country,

Sweet Upcountry Charmer ~ Kula

Beautiful, peaceful and private, this 2 bedroom, 1 bath Kulalani Circle home is situated on over a 1/4 acre with ocean and garden views! Enjoy the large decks overlooking the property and vaulted ceilings, giving the home a spacious and relaxing feel.

Offered at $465,000 The Shop’s at Wailea 808.879.8880 :HVW 0DXL 2IÀFH 808.665.1166

ing with a person exclusively online. “Whenever you post something on the Internet, and even in traditional newspaper advertisements, it’s always buyers beware,� says Duque. “If you don’t see this person, you’re relying on a trust factor, and the scammers know that, so they can easily create or manipulate a facade.�

With more than 2 billion people using the Internet, the chances that one of them is going to fall for a scheme is

oftentimes for a job or on missionary work. For the latter, the emails may include words like “God bless you� and other religious sentiments in order to appear trustworthy. � Money transfers. The person asks you to send money via money transfer. If you’re sending money through a service like Western Union, it’s almost always a scam. � Rent is below the market. If the rent is far cheaper than what is typical for that area, proceed with caution. Things that are too good to be true usually are.

Spectacular 1 Acre Oceanfront ~ Hana

Situated on an exceptional one acre oceanfront parcel, this amazing 3 bedroom, 4 bath island home is reminiscent of the classic Maui Beach House! Enjoy the peace and tranquility of Hana. This island home features a spacious floor plan with solid wood floors, picture windows and vaulted ceilings. Offered at $1,950,000

808.572.8600 ,HJO VMĂ„JL PZ PUKLWLUKLU[S` V^ULK HUK VWLYH[LK

If you feel you’ re being targeted or have fallen victim to a scam, here’ s what to do: � Report suspicious activity to the Internet Crime Complaint Center at www.ic3.gov. � Contact Craigslist and flag the message for deletion. Another option is to create your own Craigslist post advertising the same property at an even lower price to ensure it appears at the top of the search list. Make it clear in your listing that the property is “NOT FOR RENT� or “THIS IS A SCAM.�

8SFRXQWU\ 2IĂ€FH www.islandsir.com

A Supplement of THE MAUI NEWS – Friday, July 26, 2013 – Page T5

Wendy R. Peterson Realtor (S) GLUHFW ZHQG\#,VODQG6,5 FRP

1

2

3

4

5

A B ALAELOA B2

C k ali P nap Kaa

wy.

Kaanapali

D

30

Front St.

West Maui LEINANI APARTMENTS C2

NOHONANI C2

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

HONOKOWAI PALMS C2

KAPALUA GOLF VILLAS B3

NAPILI KAI BEACH RESORT B2

2605 Kaanapali Parkway

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

E

HOYOCHI NIKKO C2

20 Alaeloa #8

Lahaina

7

2013

Kapalua 30

6

30

46 Hui Road

POLYNESIAN SHORES C2

Condominium & Resort Directory Wailuku

3975 L. Honoapiilani Rd.

Kahului 36 37 37

380

2481 Kaanapali Parkway

NAPILI VILLAGE HOTEL B2 48 Hui Road F

F

LAHAINA SHORES E2 475 Front Street

350 31

NOELANI C2 4095 L. Honoapiilani Rd.

Maalaea

Kihei G 31

MAUI H

Map

A Supplement of THE MAUI NEWS – Friday, July 26, 2013 – Page T6

Maalaea

Kihei G 31

MAUI H

Map Detail

I

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 F7 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

1

2

3

4

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.)

5

6

7

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

Serving the Islands for over 20 Years

Steve Hogin, Principal Broker Rosie Porce-Hogin, R(S) Direct: 808-879-1511 ERA Pacific Properties ERAPacificProperties.com

1279 S. Kihei Rd., #119, Azeka Mauka, Kihei, HI 96753 A Supplement of THE MAUI NEWS – Friday, July 26, 2013 – Page T7

U.S. home sales dip but remain near 3.5-year high

By CHRISTOPHER S. RUGABER AP Economics Writer U.S. sales of previously occupied homes slipped in June to a seasonally adjusted annual rate of 5.08 million but remain near a 3.5-year high.

The National Association of Realtors said last week that sales fell 1.2 percent last month from an annual rate of 5.14 million in May. The NAR revised down May’s sales, but they were still the highest since November 2009.

Despite last month’s dip, home sales have surged 15.2 percent from a year ago. Sales have recovered since early last year, buoyed by job gains and low mortgage rates.

Still, mortgage rates have surged in recent weeks over concern that the Federal Reserve could slow its bond-buying programs later this year. The Fed’s bond purchases have helped keep long-term mortgage and other rates low.

Higher mortgage rates slowed sales last month of higher-priced homes in states such as California and New York, the Realtors group said.

The average rate on a 30-year fixed mortgage leapt to 4.46 percent by the end of June from 3.81 percent at the end of May. The rate was 4.37 percent last week.

That rate increase could hamper sales in coming months, economists said. But most expect housing to continue to recover, though at a slower pace.

“There’s little doubt the housing market slowed in the summer as mortgage rates rose,” Dan Greenhaus, chief global strategist at BTIG LLC, an institutional brokerage, said in a note to clients. “Housing is still expected to grow

Joseph D. Pluta, Realty, LLC PRINCIPAL BROKER

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

pluta@maui.net mauidestination.com

and contribute to economic output. It just may not be at the pace we’ve seen of late.”

Sales of previously occupied homes in June reflect contracts that were mostly signed in April and May, when mortgage rates were lower. Rising rates can cause some signed contracts to fall through if buyers no longer qualify for mortgages at higher rates.

The one factor that’s most likely holding back sales is a limited supply of homes available. Though more sellers put their homes on the market in June, the supply remained unusually low — nearly 8 percent less than a year ago.

At the current sales pace, the number of homes for sale would be exhausted in 5.2 months. That’s below the six months’ supply that’s consistent with a healthy housing market.

Another concern is that first-time buyers, who usually drive healthy markets, aren’t participating as much in the current recovery. They made up only 29 percent of buyers in June, below the 40 percent that is typical. Since the housing bubble burst more than six years ago, banks have imposed tighter credit conditions and required larger down payments. That’s made it harder for first-time buyers to qualify for mortgages.

Still, mortgage rates remain relatively low and home prices remain affordable despite rising in the past year.

And higher mortgage rates could encourage some potential buyers to come off the sidelines and purchase homes before rates rise further.

The strength in housing this year has offset weaknesses elsewhere in the economy, like manufacturing and business investment. Rising home sales tend to lead to more spending at furniture and home supply stores.

Homebuilders have also stepped up construction in the past year, creating more construction jobs. In June, they applied for permits to build single-family homes at the fastest pace in five years.

Delmore Sells More

Get A Strong Team To Pull For You 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

Tony Cadiz, BM 268-3399

Edgar Tesoro 280-5568

David Lawrence 281-9280

Marina L. Zautner 269-0981

NMLSR ID 653663

NMLSR ID 662124

NMLSR ID 653666

NMLSR ID 657308

Sheila Long 268-1708

Monica S. Riker 250-9046

Sandy Rice 283-4856

Paula Diep 385-0482

Kimberly Kawachi 357-0943

NMLSR ID 339479

NMLSR ID 653664

NMLSR ID 662113

NMLSR ID 232316

NMLSR ID 742851

Helping clients achieve Maui real estate goals since 1989.

Wells Fargo Home Mortgage Kahului Branch 808-873-3700 • Upcountry Branch 808-573-4900 • Wailea Branch 808-874-1102 All first mortgage products are offered and provided by Wells Fargo Home Mortgage. Wells Fargo Home Mortgage may not be available in your area. © 2013 Wells Fargo Home Mortgage. All Rights Reserved.

A Supplement of THE MAUI NEWS – Friday, July 26, 2013 – Page T8

Centrally located at 1877 Wili Pa Loop #2, Wailuku – ready to assist you islandwide.

Thomas Delmore (R) 242-1467 www.delmore.net

Make a checklist for the final walk-through ou’re on the very brink of becoming a home owner, perhaps for the first time. That’s great, but don’t let your excitement cause you to do a haphazard final walkthrough. Don’t let the views distract you from noticing whether the window treatments are in place, for example. If you overlook something at his point, it may become an issue you cannot bring up again.

Here are ten things you’ll definitely want to look for. Having a checklist in hand is a good idea.

Make certain that you have any and all remote controls. Getting the garage door openers is obvious, but remember to see that the remotes and the door work. Also, are there remotes for the alarm or any built-in entertainment devices?

Y

Don’t just ask, check that repairs you requested have been made. Get copies of paid bills and any warranties. Remember that warranties may be spelled out on the bill or receipt, or they may be supplied separately.

1

See that everything included in the sale price is still in place. This might include draperies and lighting fixtures. If it was specified before, it must still be on the property.

2

Screens usually stay in place on Maui, and storm windows are rare, but check. If there are missing screens, for instance, find out where they are stored.

9

As you check all the appliances, machines, fixtures and features, ask for manuals, warranties and repair histories.

10

Don’t be embarrassed to start the dishwasher on its normal cycle, and to find out for yourself that all included appliances are working.

4

Try the doorbell and check the operation of the alarm system. Ask for any instruction manual that may help with the use of the alarm, and be sure you are informed of any maintenance contract or response service company involved with it. If there is an intercom, be sure it works to and from all stations.

5

Be sure the water heater is working and not leaking. There may be more than one. Check them all.

6

If there is air conditioning or, in rare cases on Maui, a heating system, see that these are in working order.

7

Be sure that plants and landscaping elements have not been removed and that any powered water feature in the yard or home is working properly.

8

Finally, be sure that all personal items of the sellers – including trash and debris – are already removed. If they are not, the property is not completely ready for a final walk-through.

11

Keep your eyes open during the walk-through and you’ll have plenty of time for the views soon, and for a long time to come.

—Courtesy of the Realtors Association of Maui

Be aware: Neglected repairs like water leaks, faulty appliances or broken alarm systems are just a few of the things you need to look for during the final walk-though.

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

3

808.244.7142 Property Management Services • Real Estate Sales

shoretoshorerealty.net A Supplement of THE MAUI NEWS – Friday, July 26, 2013 – Page T9

Are you prepared to be a home owner? ou want to own a home of your own. That makes sense. You’d be wise to know what home you can afford and what home ownership really means. Here are a 10 things to check, know or work out.

1. The general rule is that you can afford to buy a home that is valued at two to three times your annual income. If that seems impossibly restrictive in Maui’s soaring market, don’t give up. Talk to a lending professional about creative options that may be right for you.

2. Make a list of what you want your new home to have. Then, put the items in order—most important first. You may not get everything in your first home.

Maybe you’ll have to build or develop some of the things that are lower on the list after you buy. That means checking that those things are actually possible on the property, of course.

Y

3. Think about schools, beaches, parks and the community plans of various areas, and choose two or three areas of the island that you’d be willing to live in.

4. Save up the money you’ll need for a down payment and the closing costs. Generally, the closing costs will be between 2 and 7 percent of the total selling price of the home. So, a home selling for $200,000 will have closing costs of $4,000 to $14,000, in addition to the down payment.

5. Get your credit information in order. Check your credit reports on the three major reporting services (Equifax, TransUnion and Experian) and correct any inaccurate information.

6. Using available online resources or published charts or, better yet, in discussion with a lending professional, determine how much of a mortgage you can qualify for. As with tip No. 1 above, it may be that

Innovative Interiors DECORATIVE & FAUX FINISHES

Professional Property Management Solutions

Commercial & Residential PROPERTY MANAGEMENT Patrick Ihu,

Cell

280-0344

PRINCIPAL BROKER, R(B)

www.IhuPropertiesMaui.com

Office

871-1769

ROBERT R. MYERS

R(S)

RENOWNED PROFESSIONAL SERVICE ON MAUI

DIRECT: 808.283.3067 TOLL FREE: 888 781 3548 ROBERT@MAUIHOMESALES.COM

antiquing & restoration • murals stenciling • venetian plaster • patinas custom color & texture matching RESIDENTIAL & COMMERCIAL

sourcing • space & theme planning concepts • specifications C A L L F O R F R E E C O N S U LTAT I O N

Jenifer Raidor • 970.417.0271 you should consider non-standard loan options or creative financing.

7. Be sure to have all the documents a lender might ask for ready to go. Granted, you may not know what documents are useful. Guess. When in doubt, add it in. Then call the lender you’re planning to talk to see if they can suggest anything else.

8. Look into special circumstances that may qualify you for any kind of special mortgage or down payment assistance. Veteran? First-time buyer? Also, ask your lender to tell you about other possibilities for special consideration.

9. Calculate the cost of home ownership in advance to avoid surprises. The mortgage is the main expense, but there are also property taxes, insurance, property maintenance and, in many cases, association fees for the building or neighborhood.

10. Find a Realtor you’re comfortable with, one with Maui experience and an attitude that you feel you can work with. Your Realtor will be with you, representing you, through the entire home-buying process.

Buying your first home is an adventure. You’ll enjoy it more if come to the process prepared.

WWW.MAUIHOMESALES.COM A Supplement of THE MAUI NEWS – Friday, July 26, 2013 – Page T10

—Courtesy of the Realtors Association of Maui

Realtors giving from the heart for Maui

By Joseph W. Bean ften, when things don’t work out as planned, someone will say, “When at first you don’t succeed, try, try again.” Other times, the correct reaction to things going all wrong is a round of congratulatory applause. This is one of those cases, and this one has now been going strong for eight years. Maybe you’ve noticed.

In August 2005, as he was preparing for his installation as the Bean president of the Realtors Association of Maui, Keone Ball told everyone he was on a mission.

“My goal is to get everybody in the as-

O

sociation to commit to do one hour a month of volunteer work. If we can get 1,500-plus Realtors to donate that one hour a month, that’s 1,500 hours to start with, and it could be much more.”

Ball named his volunteer program “Kahiau,” and defined the rarely heard Hawaiian word as, “to give generously or lavishly with the heart and not with expectation of return.”

Ball’s plan involved a special network of websites, a registration system, and much more. The idea was to match Realtors and affiliates—members who are lenders, inspectors, title company people, appraisers, photographers, and such—with needs expressed by nonprofits serving the communities of Maui County. Also, there was meant to be some promotion, maybe a framed ad in The Maui News if RAM could afford it. The Association hired a consultant-writer to work on that. That’s me, and task No. 1 of the contract was to meet with Special Sections Editor at the time, Rich Van Scoy, to work something out with the newspaper.

Nerve-wracking? You bet, but no need.

Van Scoy liked the idea, worked it out with his bosses, and even arranged to design the space and create a logo for the column. The paper would donate the space, too. The Maui News was on board.

“The Maui News has always been a great partner with Realtors and affiliates and with the Realtors Association of Maui through thick and thin,” said RAM Chief Staff Executive Terry Tolman. “Their sup-

Maui’s Hansen Ohana Offering Cutting Edge Technology

Click QR code for easy access for Android and iPhone App or go to the App Store and type: HawaiiRealEstateApp. For iPad and Tablet, optimized website available at: www.mauirealestate.net/tablet

Bob Hansen, Broker, Donna D. Hansen, R(S) Clint Hansen, R(S)

THE HANSEN OHANA

Featuring Access to all Hawaii Listings!

port of our community outreach efforts, Presidential Scholarships, and the Realtors Wishing Well . . . for Maui Students program has made it all possible. By publishing the Kahiau column each Saturday, The Maui News supports Maui’s nonprofit organizations and the individuals who volunteer for them. Mahalo, Maui News!”

What was that up earlier about things not working out? Well, none of the folderol Ball imagined was needed. None of it.

“When I started this,” Ball said, “I wanted to ask everyone to volunteer, to get involved. I didn’t realize a lot of them—officers, directors, Realtors, and affiliates— were already doing it. The public may not have known it, and I didn’t know, but real estate people really were already very engaged with the community and doing a lot of good things.”

At a kickoff meeting held at Starbucks in Kihei, the Public Relations Committee was able to suggest four start-up subjects.

Everyone thought that would keep things going till the whole system—unnecessary as you already know—got going. In fact, by the time the first Kahiau column was published on Sept. 17, 2005, there were more than a dozen other real estate people lined up waiting to tell their community service stories and promote the causes they believe in.

That wasn’t the plan. This train was supposed to need help getting out of the station.

“I’m happy it went this way,” Ball said,

Refinancing or Looking to Purchase a Home?

Let Maui County FCU help with your Mortgage financing. Dreams can come true with help from MCFCU! Rates are at an all time low, so call now!

Call 244-7968 and ask for the mortgage department or online at mauicountyfcu.org.

Maui’s Family Tradition & Top Producing Maui Team

We’re Committed to Serving You …

2007-2013

www.MauiRealEstate.net

808-879-3667

“very much so. People were already volunteering and serving the community. The next goal was letting the community know that Realtors are out there, and then using that news as a way of encouraging more involvement and action from everyone.”

No one knew until Kahiau provided a way to say it, but now every Saturday in The Maui News, everyone can find out that the real estate community really loves Maui.

In the first eight years, the first 416 Kahiau columns, the stories of nearly 220 beneficiaries—nonprofits and needy individuals in Maui—have been told, and that’s not counting the 30-plus schools that have been supported so richly by many individuals within and beyond the Realtors Wishing Well . . . for Maui Students program.

Did you even know there are that many organizations reaching out to Mauians in need? Admit it, you didn’t, but here are a couple of even more surprising facts. With the support of The Maui News, more than 425 real estate industry people have been featured with hundreds of others playing supporting roles in their service stories, and these people have been representatives of more than 150 real estate-related companies.

“With the Kahiau column, people see that Realtors are not different,” said Ball.

“We’re just like you, and we’re part of this Maui community.”

He didn’t know. You didn’t know. Now everyone knows.

1888 Wili Pa Loop, Wailuku Mon-Fri 8:30am - 4:30pm

www.mauicountyfcu.org • 244-7968 Maui Marketplace, Kahului Mon-Fri 9am - 5pm • Sat. 8:30am - 12:30pm

A Supplement of THE MAUI NEWS – Friday, July 26, 2013 – Page T11

A 1.

What’s your current equity? Look at your annual mortgage statement or call your lender to find out exactly how much equity you have in your home. Usually, you don’t build up much equity in the first years of paying a mortgage, but in later years you may have significant unrealized gains.

How’s your income? Is your current income enough to support the cost of moving and the costs of a new mortgage?

are appropriate for them. If you have family members living nearby, are you willing to move away from them? Does this neighborhood work for you as it did when you moved into it?

3.

4.

2.

What about your neighborhood?

Maybe you have children in school; consider whether the schools

Financing your next project is easy...

Could you remodel or add-on to make the home you are in work for your family? Remodeling and adding rooms can be difficult and stressful, but if you have a large enough yard to build into, you should at least consider these options. Alternatively, do you have a meaningful use for rooms you once needed for children who have moved on?

5.

How is the home market? If it’s good, you may get top-dollar for your home, but you also want to think

whether that money will be enough to get you into the kind of home you now need or want.

6.

Besides the money you may get for your home and the price you may have to pay for a new home, include the interest rate of your current mortgage and the rate you’ll have to pay on a new one. Lower rates will help you find a buyer for your home as much as they will help you get into a new home.

You’ll know you’ve done the best you can for your family if you think carefully before you decide to sell your home and move.

—Courtesy of the Realtors Association of Maui

Ap ply tod ay!

VW QG 0RUWJDJHV s +RPH (TXLW\ /LQH RI &UHGLW )LUVW 7LPH +RPHEX\HU s $QG 0RUH Kahului Branch

Queen Kaahumanu Office Bldg.

285 W. Kaahumanu Ave. #101 A Kahului, HI 96732

Kihei Branch

Times Supermarket 1310 S. Kihei Rd. Kihei, HI 96753

Life ma ers.

Federally insured by NCUA

hawaiiusafcu.com

Check Out Our New Arrivals Artwork, Lamps, Sleepers, Pillows, Accessories & more

A Supplement of THE MAUI NEWS – Friday, July 26, 2013 – Page T12

www.MindsEyeInterior.com • Lahaina 667-7748

Should you move or stay in your home?

nswering these few questions carefully and honestly will help you decide if you should move or stay in the home you have now. Think through your answers. Have your family members think of theirs. Then, get together and discuss the answers until your thoughts lead to a decision that makes everyone comfortable.