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4850 Makena Alanui Rd E103

Kihei, HI 96753-9307

Extremely rare, highly prized, this is the lifestyle you’ve been waiting for.

4495 Une Pl

Haiku, HI 96708-5371

Few homes can boast a layout where every room has spectacular views: ocean (including Molokai), West Maui Mountains, and Haleakala.

Contact your Agent for a 15-minute consultation and learn how to save Thousands of $$$!

Aloha ~

We hate to sound like a broken record … well actually, in this case, we don’t! This market is music to our ears!

Did you know that last month, 43% of homes sold above list price, nationwide?

And just when we thought the local news on home values couldn’t get any better, the median sales price for Maui’s single-family homes showed a 19% year-over-year increase! That’s right - we saw even more growth, from $931,000 in February 2021 to $1,110,000 in February 2022.

Here’s how each region stacked up:

• Lahaina’s median price was $2,430,000

• Kula ended the month at $1,716,000

• Kihei had a strong showing at $1,225,000

• Kahului and Wailuku came in at $875,000 and $874,325, respectively

• And Makawao/Olinda/Haliimaile finished right behind, at $865,000

And Maui’s condos really decided to show off, with a year-over-year median sales price increase of 30%. From $560,000 in February 2021 to $725,000 in February 2022 - that’s growth anyone can appreciate!

In case you’re wondering how those sales broke down by area …

• For Wailea/Makena, the median price was $1,527,500

• Kaanapali’s median reached $1,300,000

• Kihei’s condos finished the month at $660,000

• And Napili/Kahana/Honokowai came in at $655,000.

Speaking of things on their way up, we’re still expecting to keep watching those mortgage rates rise! In fact, some experts are anticipating five to seven rate hikes by the Fed over the course of 2022, as they do their best to slow inflation.

For some perspective, we’re inching up from historic lows - this is nothing like the double-digit interest rates of the 80s!

But with home prices continuing to rise and interest rates creeping higher, some potential buyers will eventually get pushed out of the market. So if you’ve been on the fence about selling, it may be time to take the leap, while multiple offers and over-asking-price sales are still the norm!

And buyers - we haven’t forgotten about you! Next, we have the “keys” to getting your must-have home in a competitive market …

In 2021, all-cash buyers were more than four times more likely to win a bidding war than buyers who relied on financing.

For non-cash buyers, though, there are 7 Secret ways to structure an offer and stack the odds in your favor to get your offer accepted! Here is a Realtor.com article, 7 Secrets No One Tells You That Will Help You by a House Now and here is our version -

1. Look in a lower and higher price range. You might find a fixer or a seller that is unrealistic, overpriced, and avoid the competition.

2. Enhance your earnest money.

3. Submit an approval letter for over asking price. Showing the Seller, you are more qualified to buy the home.

4. Add an Escalation Clause.

5. Add special terms. For instance, a lease-back for an owner selling and moving of island.

6. Know when to waive a contingency. This is a very powerful option and make or break a deal.

7. Hire Romvari Realty to consult and guide you through this process.

If a cash offer just isn’t in the cards for you at the moment, keep in mind… even people like Elon Musk and Warren Buffett take out mortgage loans! Why?

Well, interest rates on mortgage loans tend to be low relative to other types of loans. So if you have a big chunk of cash that isn’t tied up in a home, it’s available for other uses that could potentially bring even better returns.

Buyers, we’ll tell you the same thing we told the sellers … if you’ve been on the fence, it’s time to take the leap - in your case, so you can get the lowest interest rate possible. And in today’s hot market, it’s more important than ever to have sound advice on making a winning offer. We’re here, ready to take you across the finish line!

See what our happy clients have to say!

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