Purchasing Now: Your Property As A Kona Vacation Rental

One of the great options home buyers in the Kona real estate market embrace is the popularity and ability to rent their properties as vacation rentals. People come from all over the world to enjoy our wonderful climate, pristine beaches and relaxed island lifestyle.

Some wonderful clients, who I sold the below home to, have done just that! This is their retirement dream home, that they absolutely LOVE. Since they aren’t planning to retire for another 10-15 years, they are offering the home as a vacation rental. What an awesome opportunity for families vacationing on the Big Island!

http://www.vrbo.com/398178

Kailua Kona Market Update, Kona Real Estate Statistics, Kona Real Estate Blog, Kona Real Estate, Kailua Kona Real Estate, Kona Property Blog, Big Island Real Estate, Kona Buyer's Agent, Kona Selling Agent, West Hawaii Real Estate, Kona Property, Kona Homes For Sale, Luxury Real Estate Kona, Kailua Kona Real Estate, Kailua Kona Property Video Tours --

The property is meticulously landscaped, with lush garden areas, producing fruit trees and plenty of yard room for outdoor games and activities. Of the many highlights of the home, the pool is an absolute favorite!  The privacy afforded in the pool and sunning area is something one can only dream of.

Kailua Kona Market Update, Kona Real Estate Statistics, Kona Real Estate Blog, Kona Real Estate, Kailua Kona Real Estate, Kona Property Blog, Big Island Real Estate, Kona Buyer's Agent, Kona Selling Agent, West Hawaii Real Estate, Kona Property, Kona Homes For Sale, Luxury Real Estate Kona, Kailua Kona Real Estate, Kailua Kona Property Video Tours --

The main house is a 4bedroom/2 bath home completely outfitted for your convenience, with a delightful chef’s kitchen, breezy screened in lanai area, and a pool table for entertaining.

Kailua Kona Market Update, Kona Real Estate Statistics, Kona Real Estate Blog, Kona Real Estate, Kailua Kona Real Estate, Kona Property Blog, Big Island Real Estate, Kona Buyer's Agent, Kona Selling Agent, West Hawaii Real Estate, Kona Property, Kona Homes For Sale, Luxury Real Estate Kona, Kailua Kona Real Estate, Kailua Kona Property Video Tours --

Kailua Kona Market Update, Kona Real Estate Statistics, Kona Real Estate Blog, Kona Real Estate, Kailua Kona Real Estate, Kona Property Blog, Big Island Real Estate, Kona Buyer's Agent, Kona Selling Agent, West Hawaii Real Estate, Kona Property, Kona Homes For Sale, Luxury Real Estate Kona, Kailua Kona Real Estate, Kailua Kona Property Video Tours --

Below the main home is the completely self contained “ohana” unit, that is furnished with a king size bed, mini-refrigerator and offers a great escape for visitors seeking a little more quiet and privacy away from the main group!

Kailua Kona Market Update, Kona Real Estate Statistics, Kona Real Estate Blog, Kona Real Estate, Kailua Kona Real Estate, Kona Property Blog, Big Island Real Estate, Kona Buyer's Agent, Kona Selling Agent, West Hawaii Real Estate, Kona Property, Kona Homes For Sale, Luxury Real Estate Kona, Kailua Kona Real Estate, Kailua Kona Property Video Tours

This property is quiet, extremely private and offers all the amenities of a high end resort, at a fraction of the price!

Click the Vacation Rental By Owner link below for more property information and to view rental availability!

http://www.vrbo.com/398178

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!

Pualani Estates, Pualani Estates Short Sale, Kona Real Estate Blog, Kona Property Blog, Big Island Real Estate, Kona Buyer's Agent, Kona Selling Agent, West Hawaii Real Estate, Melia Model Pualani Estates, Kona Property, Kona Home
Pualani Estates, Pualani Estates Short Sale, Kona Real Estate Blog, Kona Property Blog, Big Island Real Estate, Kona Buyer's Agent, Kona Selling Agent, West Hawaii Real Estate, Melia Model Pualani Estates, Kona Property, Kona Home
Pualani Estates, Pualani Estates Short Sale, Kona Real Estate Blog, Kona Property Blog, Big Island Real Estate, Kona Buyer's Agent, Kona Selling Agent, West Hawaii Real Estate, Melia Model Pualani Estates, Kona Property, Kona HomePualani Estates, Pualani Estates Short Sale, Kona Real Estate Blog, Kona Property Blog, Big Island Real Estate, Kona Buyer's Agent, Kona Selling Agent, West Hawaii Real Estate, Melia Model Pualani Estates, Kona Property, Kona Home

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!

Kona Real Estae Blog, Kona Property Blog, Big Island Real Estate, Kona Condos, Kona Buyer's Agent, Kona Selling Agent, West Hawaii Real Estate, Cheap Kona Condos Accredited Buyer's Representative, Pet Friendly Condos Kona --

Kona Real Estae Blog, Kona Property Blog, Big Island Real Estate, Kona Condos, Kona Buyer's Agent, Kona Selling Agent, West Hawaii Real Estate, Cheap Kona Condos Accredited Buyer's Representative, Pet Friendly Condos Kona

Kona Real Estae Blog, Kona Property Blog, Big Island Real Estate, Kona Condos, Kona Buyer's Agent, Kona Selling Agent, West Hawaii Real Estate, Cheap Kona Condos Accredited Buyer's Representative, Pet Friendly Condos Kona --

Kona Real Estae Blog, Kona Property Blog, Big Island Real Estate, Kona Condos, Kona Buyer's Agent, Kona Selling Agent, West Hawaii Real Estate, Cheap Kona Condos Accredited Buyer's Representative, Pet Friendly Condos Kona --

Kona Real Estae Blog, Kona Property Blog, Big Island Real Estate, Kona Condos, Kona Buyer's Agent, Kona Selling Agent, West Hawaii Real Estate, Cheap Kona Condos Accredited Buyer's Representative, Pet Friendly Condos Kona --

Kona Real Estae Blog, Kona Property Blog, Big Island Real Estate, Kona Condos, Kona Buyer's Agent, Kona Selling Agent, West Hawaii Real Estate, Cheap Kona Condos Accredited Buyer's Representative, Pet Friendly Condos Kona

Kona Real Estae Blog, Kona Property Blog, Big Island Real Estate, Kona Condos, Kona Buyer's Agent, Kona Selling Agent, West Hawaii Real Estate, Cheap Kona Condos Accredited Buyer's Representative, Pet Friendly Condos Kona

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!

Kona Real Estae Blog, Kona Property Blog, Big Island Real Estate, Kona Condos, Kona Homes, Holualoa Real Estate, Kona Buyer's Agent, Kona Selling Agent, Kona Oceanfront, Kona Alii Drive, West Hawaii Real Estate, Kona Buyer's agent, Kona Listing Agent, Accredited Buyer's Representative,  Holualoa Short Sale, Holualoa Property, Holualoa Specialist,

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!

Interest Rates Drop Again, Is It Time To Refinance?

Kona Real Estae Blog, Kona Property Blog, Big Island Real Estate, Kona Condos, Kona Homes, Holualoa Real Estate, Kona Buyer's Agent, Kona Selling Agent, Kona Oceanfront, Kona Alii Drive,

Interest rates are at unbelievable lows right now and many property owners are taking of advantage by refinancing their current mortgages.

Have you thought about refinancing? Will it help your financial position at this time?

Lenders charge a fee for you to refinance your loan. These fees are known as “points”.  Points are upfront interest paid to the lender, calculated on the amount of money you borrow.

1 point = 1% of your borrowed money.

If you had a loan of $450,000 and you were going to be charged 1 point to refinance, that would equate to $4,500.

1% of $450,000 = $4,500

If you had a $450,000 mortgage, at a current rate of 6%, your monthly payment would be $2698.  If your lender was going to charge you 1.5 points to refinance to the current market rate of 3.5%, it would cost you $6,750.  Once completed, your new monthly payment would drop from $2698 to $2021, a decrease of $677! Wow!

Your monthly savings would be so great, that you by your 10th payment at your lower interest rate, you will have recouped the $6750 it originally cost you to get the lower interest rate, a wise move on your part!

While the refinance did wonders for you, that isn’t always the case. Take the scenario with your neighbor.

Your neighbor can’t believe how much you are saving and wants to refinance as well.

Currently they are paying 4% on their $450,000 mortgage, their monthly payment is $2,148.

Their lender is going to charge them a fee of 1.5 points or $4,500 to refinance to the market rate of 3.5%. After paying the $4,500, their monthly payment has decreased from $2,148 to $2,021, a monthly savings of $127. Realize here that they have just come out of pocket $4500 to save $127 a month. This isn’t anywhere close to the dramatic change you saw in your payment.

By the 36th payment (36 x $127 =$4,572) the monthly saving of $127 will equal the $4500 originally paid to secure the lower interest rate. In essence, it took them 3 years before realizing any savings from their new, lower rate. Possibly not the best use of their money.

A refinance includes an appraisal of the property, and a thorough examination of the borrower’s credit scores and financial strength. Think of it as going through the loan process all over again. As property values have decreased, appraisal value has been problematic at times, although new government regulations have tried to ease this.

Your lender will be able to advise you accordingly, just be sure you crunch the numbers and examine the many aspects a refinance presents.

Best of luck!

Kona Luxury Property Best Buy: Bayview Estates $899K!

Bayview Estates is home to one of Kona’s best priced properties right now!

This private, gated, highly sought after subdivision , which typically see properties listing and selling in the $1,000,000 + price point has a wonderful property offered right now at  $899,000! SOLD FURNISHED! Unbelievable!

Built in 2001, the 3bed/4bath, 2,426sqft home offers fantastic views of the Kona coastline, Tigerwood floors, granite counter tops, custom cabinetry and central air conditioning.

The second and third bedrooms suites are located off of the main home, each with separate entrances allowing for additional privacy and convenience.

There is an expansive lanai, very large yard and pool entertaining area!

This is an amazing opportunity for someone who is looking for great value in our West Hawaii market!

Enjoy the pictures below, and please contact me if I can arrange a private viewing for you.

Bayview Estates, 78-7023 Mololani Street78-7023 MOLOLANI ST, Bayview Estates, HOT Buy in Kona, Luxury Kona, Kona Real Estate Blog, Bayview Vacation Rentals,  , MLS  257151

78-7023 MOLOLANI ST, Bayview Estates, HOT Buy in Kona, Luxury Kona, Kona Real Estate Blog, Bayview Vacation Rentals,

78-7023 MOLOLANI ST, Bayview Estates, HOT Buy in Kona, Luxury Kona, Kona Real Estate Blog, Bayview Vacation Rentals,

78-7023 MOLOLANI ST, Bayview Estates, HOT Buy in Kona, Luxury Kona, Kona Real Estate Blog, Bayview Vacation Rentals,

78-7023 MOLOLANI ST, Bayview Estates, HOT Buy in Kona, Luxury Kona, Kona Real Estate Blog, Bayview Vacation Rentals,

78-7023 MOLOLANI ST, Bayview Estates, HOT Buy in Kona, Luxury Kona, Kona Real Estate Blog, Bayview Vacation Rentals,

78-7023 MOLOLANI ST, Bayview Estates, HOT Buy in Kona, Luxury Kona, Kona Real Estate Blog, Bayview Vacation Rentals,

78-7023 MOLOLANI ST, Bayview Estates, HOT Buy in Kona, Luxury Kona, Kona Real Estate Blog, Bayview Vacation Rentals,

78-7023 MOLOLANI ST, Bayview Estates, HOT Buy in Kona, Luxury Kona, Kona Real Estate Blog, Bayview Vacation Rentals,

78-7023 MOLOLANI ST, Bayview Estates, HOT Buy in Kona, Luxury Kona, Kona Real Estate Blog, Bayview Vacation Rentals,

Have a question about this property?

Save Kona Coffee! Fighting the Coffee Berry Borer

Our beloved Kona coffee is under attack by a beetle that threatens to decimate our coffee industry if left unchecked.  

The Coffee Berry Borer is a beetle native to Africa that is found in most coffee growing regions in the world. Save Kona Coffee! CBB Information, Fighting the berry borer

First discovered on the Big Island in 2010, the borer has spread throughout the Kona area and has been found in coffee farms in Kau.

Adult berry borers are 1.4-1.77 mm in length, smaller in size than sesame seeds.

Females burrow into coffee beans and lay their eggs. Once the larvae hatch, they then eat their way out, destroying the bean in the process. Save Kona Coffee, CBB Kona, Fighting the Coffee Berry Borer

Destroyed beans are a total loss for coffee farmers. Less production equates to lost revenue while increasing the cost of cultivation. That loss is then passed onto the consumer in the form of higher prices.

This beetle has the potential to cripple the Kona coffee industry. Not just destroying a few beans here and there, but wiping out farms completely. The danger of the this infestation cannot be understated.

Industry wide, it is estimated that the borer does over $500 million dollars worth of crop damage per year.

Howard Dicus, a local television personality for Hawaii News Now Sunrise recently did a morning news piece with Melanie Bondera of the Kohala center. In association with Kamehameha Schools and the Kona Coffee Farmer’s Association, the Kohala center produced an instructional video with tips on combating the berry borer. Howard interviews Melanie on the production in the news clip below.

Howard Dicus Hawaii News Now Sunrise segment 

Staff from the University of Hawaii Manoa – College of Tropical Agriculture and Human Resources,  U.S. Department of Agriculture and the Hawai`i Department of Agriculture have been working jointly to find the most effective ways to combat the beetle. 

Eradication at this point does not seem likely.  However, if coffee farmers and private citizens are aware and vigilant, the hope is beetle infestation can be kept to minimal levels.  

Please watch the video below and share with anyone who has coffee trees on their property.

Help save Kona coffee!  

For more information on the coffee berry borer see links below.

Coffee Berry Borer Information, University of Hawaii’s College of Tropical Agriculture and Human Resources

Department of Agriculture Coffee Berry Borer Page

Department of Agriculture’s Frequently Asked Questions on Coffee Berry Borer

Kona Coffee Farmers Association

Pualani Estates Short Sale- SOLD!

75-6129 Hoomama Street Kailua Kona HI 96740, Pualani Estates, Kona Short Sale expert, Kona Real Estate Blog, Kona Property Blog, Big Island Real Estate, Buyer's Agent,  We just closed on this short sale property today in Pualani Estates!

I was the listing agent of this property, and am very happy to say it was a relatively smooth short sale transaction. Once the file got moving, we zipped right along!

Pualani Estates is an extremely popular subdivision here in Kona. With the developer now in the third phase of their building, we see homes that sold in the first two phases (272 homes) hitting the resale market and going into escrow very quickly.

The homes are typically priced very well, with short sale and bank owned properties being the majority of the resale inventory. 

Currently in Pualani Estates, list prices range from $295K-$425K. These are GREAT prices for newer construction homes (2004-present), with a variety of wonderful floor plan options, located just minutes from Kona town!

Whether it is selling your current home, or looking to purchase one of Kona’s great values, I can help you!