Maui Real Estate Brokerage

Welcome to Hawaii Nature Center, your center for buying and selling real estate in Maui, Hawaii. For more information about Maui real estate and finding the right property in Maui contact us at 808-871-7874!

14 May 2013 ~ 0 Comments

Clever Tactics for Pricing Your House to Sell

Before you can put you home up for sale you will need to determine the price you will set. You don’t want to price it too low and receive less than it’s worth. Although when you price it too high you may have fewer interested folks looking at it. You have to find the right middle ground, which is not always simple. To help you price your house, we’ll be sharing some useful guidelines on this topic.

The bathroom and kitchen are among the most important rooms in your home in the minds of prospective buyers. That’s why you may want to think about doing some work in these areas before you start showing your home. You have to look at your bathroom and kitchen and decide what might need fixing up or replacing. If you need a new refrigerator or cabinets in the kitchen, for example, you should do this before showing the house. Making any essential improvements to the bathroom (e.g. shower, toilet, tiles) can also be a very good investment to increase the value of your home. Some homeowners have the attitude that they will start off asking a high price for their home and then, if nobody makes any offers, lower it later. This isn’t as always as simple as it sounds. When a home has been in the listings for a while and hasn’t sold, real estate agents and buyers start to ignore it. This becomes what is known as a stale listing. So if your initial price is too high, even lowering it later might not help you sell it. There’s almost a superstitious aspect to this, but it’s widely recognized in the real estate business. More about Chris Landry and the mortgage rates he can get you in Vancouver, BC.

There are certain things you may do to your home that will add substantial value to it. There are some improvements that are just too much of an ordeal. Prior to starting an undertaking that may be too intense for the end result; sit down and weight the consequences. For instance, if you install something as extreme as a pool; you will not likely be able to validate the expense. Not everybody will use a pool and may think it is a bit flagrant perhaps and will opt to buy a home without one for a better price. Some folks may think a remodel for the garage or basement into more living area is a good idea, but maybe not. This may seem like a good idea to you, but the prospective buyer may rather use the garage for actually parking their car in and the other extra spaces in the house for storage. Chris Landry Vancouver mortgage broker information available here: http://chrislandrymortgage.ca/chris-landry-verico-paragon/

If you keep the above guidelines in mind, it will be easier to get the best possible price for your home. Your objective is to settle upon a price that’s fair to both you and the ultimate buyer of your home. Homes that are accurately priced have the best chances of selling in a short amount of time.

28 March 2013 ~ 0 Comments

Maui Real Estate and Mortgage Information

Welcome to Hawaii Nature Center, Maui!

We’re proud to be Maui’s go-to place for everything related to Hawaiian real estate, mortgages and home buying/selling information. Please feel free to have a look around and read our information about buying and selling a home in Maui.

Here’s a video of the beautiful island of Maui:

For more information go here:

28 March 2013 ~ 0 Comments

Understanding Mortgage Loan Insurance – Guest Post

Mortgage for Maui Real EstateThis guest blog post is from Chris Landry, a trusted mortgage broker and good friend to us here at the Maui branch of the Hawaii Nature Center! Chris was also named on of Canada’s top mortgage brokers.

Check it out by visiting Chris Landry’s Mortgage Broker web page: Chris Landry - http://www.mortgagebrokernews.ca/files/image/Canada/pdf/Cover_Feature_for_Web.pdf

Mortgage loan insurance is often understood, yet many homeowners in Vancouver pay for it every month. Federally regulated lenders in Vancouver are legally required to have insurance for any loan that meets or exceeds 80 per cent of the purchase price of the home. Loan insurance is sometimes called mortgage default insurance.

This insurance protects the lender, not you. It covers any loss that may occur if you default on the loan. Unless your down payment is for more than 20 per cent of the buying price, you’re going to be paying the insurance. In most cases, the premium is added to your monthly mortgage payments. Mortgage broker Chris Landry or another mortgage broker from the VERICO Paragon Mortgage Group can explain more about your specific requirements.

In order to get an insured loan, you will not only have to be approved by the lender but also by the insurance company. Canada Mortgage and Housing Corporation and private insurers provide these policies in Vancouver. Approval requires meeting several requirements. These include an amortization term of 25 years or less and a minimum of five per cent of the total cost for down payment.

There is also a qualification known as the Gross Debt Service ratio. This ratio compares the monthly costs of owning the house against the gross household income. This ratio typically cannot exceed 39 per cent. The other ratio that is considered is called the Total Debt Service ratio. This ratio is computed by comparing the borrower’s total debt and the gross household income. The debt level should be below 44 per cent of the household income.

Since 2010, these ratios have used the rates from a five-year fixed mortgage in their calculations, even if the loan itself is a variable rate or for fewer than five years. Five-year fixed rate mortgages are the most popular loans in Vancouver, but for those who opt for other loans this rule may prevent them from taking out a loan that they cannot repay if the rate rises. This also means, however, that borrowers may not qualify for as much of a loan as they would before this law changed.

If you are considering taking out a home loan in Vancouver or want to find out more about how loan insurance may affect your chances of being approved for a home loan, contact Chris Landry at VERICO Paragon Mortgage Group today. You can check out Chris Landry mortgage broker’s website for more information about him!

28 February 2014 ~ 0 Comments

Hawaii Mortgage Info

Look at Various Reverse House loan Options

There are a lot of various reverse property finance loan options: solitary intent reverse home loans, federally insured reverse mortgages, and proprietary (personal sector) reverse home loans. Each possibility has distinctive professionals and downsides that want to be viewed as when looking into taken out a reverse house loan.

Solitary-Intent Reverse Home loans

A one intent reverse home loan is the most affordable-expense type of reverse mortgages to attain, but as the name implies it can only be utilised for a single specified intent. They are generally presented by point out or regional authorities companies. These loans a great for persons who require dollars for a distinct reason like shelling out house taxes or correcting up there houses. Here are descriptions for quite a few diverse styles of one reason reverse home lo

ns:

Home tax deferral (PTD) home loans are reverse home loans that provide mortgage advances for spending house taxes.

Deferred payment financial loans (DPLs) are reverse mortgages offering lump sum disbursements for restoring or enhancing homes.

Federally Insured Reverse Mortgages

A federally insured reverse house loan is the only reverse house loan insured by the Federal Housing Administration (FHA). These reverse mortgage loan are one particular of the lowest-value multipurpose reverse home loans at present readily available. Over-all they usually offer the largest overall funds added benefits of all the reverse house loan selections. The proceeds from a federally insured reverse property finance loan can be used for any goal. These loans are also acknowledged as Home Equity Conversion Home loans (HECMs).

Proprietary Reverse Mortgages

A propri

etary reverse mortgage is a mortgage product owned by a non-public organization. These sort of loans are much more expensive then the other reverse mortgage loan kinds and ought to be approached with warning. Any person searching into these style loans ought to get a comparison with a similiar HECM. One reward of proprietary reverse mortgages are the higher residence price limits. So, if you stay in a house that is value a great deal a lot more than the common home price in your county, a proprietary personal loan could give you higher loan advances than a House Fairness Conversion Mortgage loan (HECM).

As with any economic final decision, you need to get experienced support to support you decide which option is greatest for your situation. Reverse property finance loan counselors can support you examine just about every of your possibilities and aid you make an informed decision.

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09 July 2013 ~ 0 Comments

Pricing Houses To Sell – Insider Tips Revealed

If you decide to put your home up for sale, there are some critical things you need to know when pricing houses to sell. Without knowing what to do, you could inadvertently price it below market value, or even not sell it which would be worse.

If you really do want to sell your home, there are some important considerations to make, all of which are discussed in this article. Remember that once you set a price you can always lower it, but you can’t usually raise it.

When pricing your house, you have to consider the prices of similar homes in your area. Any good real estate agent will suggest you do this as well. However, you should also do your own research, as realtors aren’t always forthcoming with such information. If you go to the local county recorder’s office you find all sorts of information. You can also find some of this information online, on websites such as Zillow.com. Your search area should stay close to home in order to keep it accurate. You should take note of other homes that were built around the same time; as well as like condition and size.

Real Estate & Mortgage Resources:

If you’re having trouble deciding how to price your house, you could always enlist the help of a professional appraiser. This will cost you at least a few hundred dollars, but it can be worth it by giving you a clear idea of what your home is worth. Appraisers are specialists who are familiar with all of the variables that go into determining the value of a home -condition, size, age, etc. An appraiser also does many comparisons, looking at sales of other homes in your area to determine what the current market is like. If you don’t want to spend the money to hire an appraiser, you should perform the same type of calculations that they use to find out how much your house is worth. You can certainly sell your home without getting it appraised, and this decision to do this or not is entirely up to you.

Before setting your price, ask yourself how quickly you want it to sell. There’s almost always a price that will ensure the home sells fast. Yet you have to balance this with your own financial needs, so you don’t want to price your house too low. If you are in dire circumstances you might have to do this, but otherwise it’s best to hold out for a fair price. The problem with starting off with a price that’s too low is that you can never raise it, and you could end up with less money than you could have gotten. Asking a price that’s below market is only something you should do if you have no other options. When you set a price for your house, you naturally want it to be as high as possible. You will need to bring your wish for this into reality and price your home accordingly with others in your area. Along with our help you should have the ability to be educated after fact finding and achieve a suitable sale of your home.