Kailua-Kona Real Estate: SOLD! Video Tour of Pualani Estates Short Sale

This is the very popular 4bed/3bath, 2 story, Melia model home in Pualani Estates!

This home was originally purchased by the Sellers with option #8 from the developer, which added an additional 375 sqft of wrap around lanai! Additionally, this home has central air conditioning, mature/irrigated landscaping, ocean views, and is in fantastic shape. A short sale property, this property was priced very competitively!

As the listing agent, I shot high quality photographs, and syndicated this listing to a variety of real estate and social media sites  across the world! Within days of hitting the market we had multiple offers come in and the eventual buyer got a fantastic price.

Many of the inclusions in this resale, the developer now, in their new offerings, do not include. You pay extra for air conditioning, landscaping, irrigation, etc.

Pualani Estates is minutes from down town Kona, in a fantastic location! I have sold multiple home in Pualani Estates, and have another on the way into escrow. If you have any questions about Pualani Estates, current developer offerings, or just want to chat about Kailua Kona real estate, feel free to contact me!

Pualani Estates, 75-6133 Haku Mele Street, SOLD 12/5/12 for $352,000, MLS 255608

Great New Kona Listing: 73-1098 Mahilani Drive

***Blog post update***

Price has been reduced 12/17/12 to 349,900!

I just listed this incredibly cute 3bed/2bathroom home in the family friendly, Kona Highlands subdivision!

This home has new paint, ocean views, and a fantastic downstairs area perfect for in laws or extended family.

There is a wonderful screened in dining/breakfast nook area where you can enjoy your Kona Coffee, or enjoy the sunset after a hard day of work! The home offers a back yard area that awaits your landscaping prowess and a private lanai off of the master bedroom!

Seller had the exterior of the home was freshly painted in 2011, along with installing a new GE Hybrid Water heater that has dramatically cut down on electric bills. Seller has noted a 40% reduction from last years bills!

Downstairs living area has been recently tiled with gorgeous 18″ tiles. Downstairs also has  a separate entrance, bedroom, walk in shower and a large office/storage area!

NOT a short sale or foreclosure property, you have to see this house!

Get in touch with me ASAP to schedule an appointment!

73-1098 Mahilani Drive, MLS 259388, Offered at $349,900

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Kona Real Estate Market Update:October 2012

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Kona’s real estate market continues to improve as the latest real estate numbers show quite clearly.

For the full market report click Griggs Report- Mid October 2012

In our North Kona residential market current inventory is down 18% compared to the same time last year, while pending sales are up 19%.

The pending ratio is an illustration of market supply and demand. That ratio is found by dividing the pending sales by active listings, then multiplied by 100.

A pending ration below 30 is a buyer’s market. A pending ratio 30-50 is neutral. Pending ration 51-99 is a seller’s market. Any ratio over 100 is a peak in the market,  with market correction/adjustment not far behind.

The higher the ratio, the greater the market demand for real estate.  In the time period we are looking at, the pending ratio is 56.28. A telling statistic, as this is indicative of our current market changing to a more seller friendly environment, or a “seller’s market”.

Put simply, inventory is low, and buyer interest is extremely high!

If you have been contemplating Kona real estate, don’t wait any longer. Get in while the getting is good!

The Griggs Report is published bi-monthly and used here courtesy of Michael B. Griggs, R(B) of Clark Realty Corporation’s Kailua-Kona office. 

 


					

Kona Condo Update: Alii Lani Inventory and Recent Sales

The popular Alii Lani condominium project, located on Kailua-Kona’s Alii Drive continues to draw strong buyer interest as many find the project’s competitive pricing good Kona value.

Alii Lani has 2bed/2bath or 3bed/2bath floor plans, multiple swimming pools for owners to enjoy, low maintenance fees and is just minutes from Kona’s many beaches.

I closed on my Alii Lani F101 listed property, September 14, 2012.

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This turnkey furnished unit had been almost completely redone from top to bottom with new appliances, flooring, paint and fixtures. As my seller and I began readying the property for market,  I shot high quality photographs along with a high-definition video tour to best showcase the property!

I released Unit F101 onto the market,  the morning of August 3, 2012. Within the hour we had a request for showing, a second showing to same buyer that same day,  and by the next morning a full price offer!  When a property is priced right, and you have professional photographs paired with a video tour, your property will sell.  We closed September 14, 2012 at our list price of $189,000. My seller, and the buyer were ecstatic!

There is still some great inventory in Alii Lani. Currently there are four units available, priced from $155,000-$209,000. Units that have sold from June 1, 2012 range in sales price from $138,000-$209,000. To view Alii Lani inventory and recent sales activity click here. 

For information on these or other units, or to discuss selling your property, contact Marco today!

Ingredients To A Successful Sale, Kona Westwind #2 – SOLD!

We closed on this sale Friday afternoon, and my clients and I are heading out for a celebratory lunch in just a few hours!

 This great Kailua-Kona condominium unit sold in 22 days! How is that possible, in our current market? 

The answer is that this listing had the three key ingredients to a successful sale!

1. It was easy to show. No tenants, no 24-48 hour notice, it could be shown at a moments notice! 

2. It was always in showing condition. The unit was always in great shape. No messy bedrooms, no dishes in the sink, it always sparkled! That first impression is priceless, and it certainly paid off here.

3. It was well priced. My phone rang continually with interest in this unit. Buyer agents knew this was well priced, and would sell in a short amount of time. We had multiple showings, and immediate strong buyer interest. This culminated with an offer presented on our 20th day on the market.

These three ingredients, along with my video marketing, high quality photographs and extensive social media distribution all parlayed into a successful closing for my clients!

If you are considering selling, be sure to talk to Marco about what he can do to sell your property! Put Marco to work for YOU!

Kona Westwind #2, MLS 255244, SOLD! 

New Listing: Video Tour, Alii Lani #F101!

I just released this great offering in the Alii Lani condominium project this morning! This unit has been wonderfully reappointed by the sellers, talk about NEW, NEW, NEW!

There is new paint, flooring and fixtures throughout the entire unit. New air conditioning units in the living, master and 2nd bedroom. New stack washer/dryer,  new kitchen appliances, and custom closet built ins!

If that wasn’t enough, the unit is being sold furnished! That is right, turnkey furnished! There are a few personal exclusions, and an inventory will be provided. Enjoy the tour!

Alii Lani #F101, MLS 26537, Offered Furnished $189,000

SOLD! Pualani Estates Short Sale

Blog Update 12/10/12 – We closed on this transaction 12/5/12! See my blog post update to read more!

Pualani Estates’ resale market continues to be red-hot! As of July 25, 2012, there are 8 resale homes currently listed for sale. Of those 8 only 1 is currently available, the rest are in escrow!

Pualani Estates is a very popular single family home development by builder DR Horton in Kailua-Kona. Owners appreciate the central location, being in the Holualoa elementary school district, and the wonderful Pualani Estates community park!

Offering multiple floor plan and upgrade package options (central air, landscaping, appliance, security, flooring, etc) along with competitive price points, currently $300K-$430K, people LOVE Pualani Estates!

The developer is currently in the final, third phase of home building. The majority of resale homes we see coming to market are in the first two phases of development, and are typically short sale or bank owned properties. 

For example, I listed this short sale property in early July and within 21 days we had received multiple offers and put the home in escrow.

 75-6133 Haku Mele Street, MLS 255608, Offered at $352,000

This is the very well-kept 4bed/3bath,  Melia model home, that has a wonderful wrap lanai area with ocean views, central air, mature landscaping in place, and has additional storage area off the garage.

Currently we are in escrow, awaiting lien holder’s short sale approval.

Back up offers are being accepted, please contact me if you would like to arrange a viewing!

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Kona Westwind #2 Video Tour!

I’m very happy to share West Hawaii Real Estate’s inaugural, high-definition, property video tour!

My sellers now have the benefit of HD video tours showcasing their properties, WOW!  Property video tour demand is tremendous right now among buyers, and this is another great sales tool I am able to bring to my clients!

This Kona Westwind unit is an updated 2bedroom/2bath offering that has an expansive lanai area, ocean view, and is just minutes from town.

Kona Westwind is a low density (15 unit!) project that is pet friendly, and does not allow vacation rentals.

MLS 255244, 77-296 Kalani Way Kailua Kona HI 96740, Offered at $155,000

Want to get a better look at the property? Be sure to mark your calendars, this unit is being held open Sunday, July 15 from 12pm-4pm during Clark Realty’s Summer Sell-Abration extravaganza. Hope to see you then!

New Listing: Kona Westwind #2

I just listed a GREAT condo in the Kona Westwind condominium project!

This is an upgraded 2bed/2bath unit with a fantastic lanai area that overlooks the coastline and the delightful saline pool area!

The kitchen, living room and lanai are tiled, with laminate wood floors in the bedrooms.

Kona Westwind is a low density, 15 unit condominium project that is pet friendly, has elevator access and does not allow vacation rentals.

Want more good news? This is not a short sale or a bank owned property!

If you are looking for a GREAT condo in Kona, you have to see this unit!

Click here for the multiple listing service information, MLS 255244. Offered at $155,000!

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Holualoa Short Sale – SOLD!

I love selling Holualoa real estate! I was raised in the beautiful town and live in the area currently. Over time, my property familiarity and the professional relationships I’ve developed have benefited many buyers and sellers.

I am happy to report  that  77-6128 B1 Mamalahoa Highway, closed recently!

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This short sale brought it all. The highs of multiple lien holder approval, and the lows that the bureaucratic short sale process can bring at times.

Along the journey, I put the property into escrow multiple times, and for one patient buyer, the dream came true. They secured a GREAT deal on a property, because of their patience and short sale preparedness.

The short sale process is changing dramatically right now as lenders are working to streamline their approval process.  As the listing agent of this property, I wanted to share topics of interest that were beneficial to the completion of our short sale . 

Proper Market Positioning

Different lenders are now establishing the list price of properties. One of Bank of America’s newer programs is their Preapproved Short Sale pricing. You and/or your listing agent contact Bank of America directly, and work with them to set the list price of the property. This is tremendously beneficial as it takes the guess-work out of what sales price the bank will accept. Check with your lender to see if this is something they offer. Be sure to emphasize that you want to hit the market competitive,  not overpriced!

Seller Financials

Be aware that the seller’s lender will require bank statements, retirement account information, tax returns, pay stubs along with any other financial documents that they see fit to examine. This is part of the process.

The sooner you can get these together for your agent to submit to your lender, the quicker your short sale will proceed.

Be prepared to update these documents as time goes by.

Buyer Preparation

As a purchaser, make sure you have a pre-approval letter from your lender certifying your purchasing ability. If  purchasing with cash, be prepared to submit “proof of funds”.  This can be a recent bank statement or letter from your financial institution certifying the funds are present and liquid. The listing agent will need either of these to submit the offer you present to the seller’s lender.

Realize that even as lenders work to expedite approvals, this transaction will take time. If you are in a rush to purchase, a short sale property may not be in your best interest.

Don’t forget, short sale properties do close. The better prepared all parties are, the more chance of a smooth and expeditious escrow!