Aloha & Good Morning!
Welcome to 2015 and all the infinite possibilities this year can bring us!
If you are planning to list and sell your home this year there are many great ways to prepare. Some of you may be selling something on the mainland so you can move to Maui. Others may be selling something on Maui so you can buy something else on Maui. Either way this information should be helpful for all buyers; both those contemplating a sale and those that have their property on the market but haven’t gotten any offers.
The following article appeared on the National Associations of Realtors website last week. I loved the title of it and the content is really helpful. The title of this article is “How to Start a Bidding War through Staging” and it really got me intrigued. Of course, I’ve always felt that staging done right is the way to go when you list your property. The before and after photos in this article were a great visual aide. It clearly shows that fresh paint and clean lines make all the difference.
If you are interested in how to stage your home to sell please contact me. I’ll be happy to give my professional opinion and help you make the most for your listing! Not a current client? Not selling on Maui? Please don’t let that stop you from reaching out. If it helps get you closer to buying something on Maui it will be my pleasure to help you!
December Round Up: Rates Remain Near 2014 Lows
In Freddie Mac's results of its Primary Mortgage Market Survey®, the average fixed mortgage rates edging slightly higher while remaining near their 2014 lows amid mixed housing and economic news.
- 30-year fixed-rate mortgage (FRM) averaged 3.83 percent with an average 0.6 point for the week ending December 24, 2014, up from last week when it averaged 3.80 percent. A year ago at this time, the 30-year FRM averaged 4.48 percent.
- 15-year FRM this week averaged 3.10 percent with an average 0.6 point, up from last week when it averaged 3.09 percent. A year ago at this time, the 15-year FRM averaged 3.52 percent.
- 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 3.01 percent this week with an average 0.5 point, up from last week when it averaged 2.95 percent. A year ago, the 5-year ARM averaged 3.00 percent.
- 1-year Treasury-indexed ARM averaged 2.39 percent this week with an average 0.4 point, up from last week when it averaged 2.38 percent. At this time last year, the 1-year ARM averaged 2.56 percent.
According to Frank Nothaft, vice president and chief economist, Freddie Mac:
"Mortgage rates were up slightly, following a week of mixed economic releases. Existing home sales were down 6.1 percent in November to annual rate of 4.93 million units, below economists' expectations. New home sales fell 1.6 percent last month to an annual rate of 438,000, also below expectations. Meanwhile, the third quarter real GDP was revised sharply higher to 5.0 percent according to the final estimate released by the Bureau of Economic Analysis."
Are you visiting Maui for SPRING BREAK 2015?
Real Estate Sales Maui offers several professionally managed rental units for your travel dreams. Let us help hostess you on this beautiful island and share a little bit of our paradise with you.
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