Opportunity for a large family in Napili
NAPILI – Hui F Road is arguably the best-known address for local residents in Napili. New to the market, a large home with six bedrooms, seven baths and two loft sleeping areas is available for $1,775,000.
This Hui F Road location has ocean views from several windows. Currently, the house is being rented as four separate units, each with its own laundry area and garage. The upper units have additional work space. Airy and bright would be the best words to describe the upstairs units. Cool and cozy explains the downstairs living spaces. All living areas have washer/dryers. Exterior walls are made of redwood, with double walls on the interior.
A variety of floor surfaces include carpet, tile, wood flooring and ceramic tile. A level lawn is great for family gatherings. There are four one-car garages for added convenience. Interior square footage is approximately 3,889 square feet on 10,000 square feet of land. The seller requests only pre-qualified buyers view the home, as there are several tenants who will need to be given notice to show. For additional information, e-mail Laurie@Lowson.com or call Laurie S. Lowson, Realtor, at (808) 276-8001. To preview online, go to www.Lowson.com.
Thinking about waiting for a change in the market? The analysis below is from the Realtors Association of Maui website relating to August statistics: “IN A NUT SHELL… Inventory down, Sales up, Prices rising… ‘Game On!’ August monthly numbers take seasonal ‘breather’ after Winter-Spring rush. Increased showings and sales, multiple offers on ‘well-priced’ listings, hesitant buyers become onlookers The Window of opportunity is quickly closing for first-time homebuyers. Well-priced properties are attracting multiple offers, making for a quick sale. Inventories have declined 12-17 percent over the past 12 months in Residential and Condo classes. REO (Foreclosures) and Short Sales are dwindling, with any ‘hidden inventory’ (or overhang) backlog slowly trickling onto the market. Mortgage Interest Rates are inching up slightly, which may help motivate would-be Buyers to go ahead and buy IF they can qualify. Savvy Investors are buying with Cash. While general U.S. economic news looks cautiously hopeful, current World and U.S. events will have ripple effects on cost of living, consumer confidence, Financial and Real Estate Markets.
“As prices rise, some ‘Owners’ will decide to become ‘Sellers,’ putting their homes on the market. FOR SELLERS: Talk to your CPA and your Realtor to explore the hidden benefits or consequences. Make no assumptions that will sting later. To be successful, Sellers need to beat competing properties with better property condition, REALISTIC pricing, good marketing, and flexible, creative terms (Seller Second Loan, Agreement of Sale, Lease-with-option-to-buy, and Sale-with-lease-back to seller). Days on Market figures show that properties priced right will sell in a reasonable timeframe, often with multiple offers. ‘Priced Right’ is still the determining factor.
“BEST Deals are selling, while significantly overpriced listings remain unsold.”