Real Estate Information Maui Blog

Bank of America is getting agressive in helping out consumers with short sales and are offering Relocation Assistance.

Howard Dinits R(B)

Is Your Bank of America
Platinum PREFERRED Agent.

RE/MAX Resort Realty
Kihei, Wailea Maui Hawaii

You may Contact Howard Dinits R(B)
at 808-874-0600 for a free consultation.

If you initiate a short sale today, Howard Dinits may be able to get you relocation assistance between $2,500 and $30,000.00 just for participating in a short sale. Howard will also get you debt forgiveness and this is the most important part of doing a short sale.

Special Offer For Howard Dinits' Clients.
Limited Time Offer - Pre Approved short sale

May 15, 2012

        
short sale Relocation Assistance Program:
You could receive
$2,500 to $30,000 in relocation assistance

Howard is here to help You or Your financially distressed friends that want to avoid foreclosure. Dinits, a short sale specialist wants to help them. So does B of A.

That's why Bank of America has teamed with RE/MAX and is excited to announce that for a limited time, we are offering enhanced relocation assistance payments in which qualified homeowners who initiate a short sale without an offer could be eligible to receive $2,500 - $30,000* in relocation assistance and owe no more on their mortgage with the sale of their property.

Determining if Howard's clients' eligibility is easy:
Once Howard initiates the short sale at agent.equator.com B of A evaluate the homeowner for this offer quickly to determine if they qualify for the enhanced relocation assistance.
The homeowner must participate in one of the preapproved price short sale programs, such as HAFA (Home Affordable foreclosure Alternatives) or Bank of America's proprietary program. Specific investor participation and eligibility criteria do apply to these programs.

Have an active preapproved price short sale? Don't worry.
Bank of America is reviewing all current, in-process preapproved price short sale agreements to determine who is eligible for this limited-time offer.  Eligible homeowners actively participating in a preapproved price short sale program (such as HAFA or Bank of America's proprietary program) will receive a letter if they qualify for the additional relocation assistance.  The relocation assistance will be paid at closing.
Frequently Asked Questions:
Q: How can I find out if my client qualifies for this limited time offer?
A: Call a Bank of America short sale specialist at 1.866.880.1232 Monday - Friday 8 a.m. - 10 p.m.; Saturday 9 a.m. - 5:30 p.m. Eastern.
 
Q: Do I have to do anything special when initiating or completing the short sale?
A: No. But act quickly by initiating the short sale with Howard Dinits of RE/MAX Resort Realty at 1-877-434-6487.  This is a limited-time offer that you won't want to miss out on.


Q: If a short sale is initiated with an offer, will it qualify for this relocation assistance?
A: No. This relocation assistance is only available on preapproved price short sale programs.  Short sales initiated at the time an offer is received do not qualify for the enhanced relocation assistance funds.
 
Q: Will the relocation assistance funds be reported on the HUD-1?
A: Yes, funds received at closing will be documented on the HUD-1, and a 1099-MISC will be issued.
 
Q: Can the relocation assistance funds be used to pay off existing liens?
A: Yes, the homeowner may use funds to pay off existing liens or to help with relocation expenses.
 
Q: Is the relocation assistance added to any other incentives, such as the HAFA or Bank of America proprietary program incentives?
A: The homeowner incentive will be inclusive of the $3,000 HAFA incentive.  For example, if the homeowner is eligible for a $5,000 homeowner incentive, $3,000 will be from the HAFA incentive, and $2,000 will be from the homeowner incentive.
 
Q: Is the enhanced relocation assistance available for other programs?
A: Currently, the enhanced relocation assistance is only available to short sale programs initiated without an offer. However, as we gauge the success we may extend this incentive to other programs.

Questions?
Call Howard Dinits R(B) at 877-434-6487 Homeowners may also call 1.866.880.1232 to speak to a Bank of America short sale specialist to ask about this exciting limited-time preapproved price short sale program offering.
 
*The relocation assistance payment is calculated based on the appraised value of the homeowner's property. The total amount will be no less than $2,500, but no more than $30,000. The payment will be delivered at the time of closing if the homeowner complies with all terms and conditions of the short sale Agreement, which includes but are not limited to the following: a full walk-through appraisal must be completed and the homeowner must satisfy all junior liens and provide clear title for the property (the relocation assistance payment can be used to clear those liens). The short sale must close by September 26, 2013.  If the homeowner does not comply with all terms and conditions of the Short Sale Agreement, they will not receive the relocation assistance payment. The amount of any deficiency and relocation assistance will be reported to the Internal Revenue Service (IRS) on the appropriate 1099 Form or Forms. We suggest that the homeowner contact the IRS or their tax preparer to determine if they have any tax liability.

Who is Howard Dinits?

Howard Dinits marches to the beat of his own drum. He sells houses, raises chickens, and drives a car he runs on bio-diesel. He is fun and bright like the colorful and unique aloha shirts he wears when working. Most importantly, he loves what he does: helping Buyers and Sellers with real estate.

We recently updated our about us page, so please check it out.

"The Best Compliment You Can Give Me Is The Referral of Your Friends and Family!"

Howard Dinits RB
RE/MAX Resort Realty
Direct 808-874-0600
Toll Free 877-434-6487
fax 877-334-6487

Each of us has a personal calling that's as unique as a fingerprint and the best way to succeed is to discover what you Love to do and then offer it up in the form of service. I Love what I do. Please let me know if you hear of someone Buying or Selling Real Estate in Hawaii.

It is Time For Real Estate Investors and Home Buyers To Buy

By Howard Dinits Realtor-Broker CRS, CIPS, RSPS, SFR, ABR, GRI, e-PRO

808-874-0600

Foreclosures, bank owned and Short Sales in Maui Hawaii

 By Howard Dinits RS CRS, CIPS, RSPS, SFR, ABR, GRI, e-PRO

If you're waiting for signs of a housing bottom, join the club. Nobody blows a whistle and says, "It's time to buy!" and if they do, they are 90 days too late.

That's why timing is an art, not a science, but you can improve your odds of buying wisely here on the Island of Maui In Hawaii.

First, stop paying attention to the national media. Fear has sidelined buyers even in good markets, and that's exactly when you need to take advantage . . . before other buyers wise up and the deals are gone.

Second, be ready to pounce when you see the home you want.

The time is right to buy when you see these signs in Hawaii’s marketplace:

• · Inventories start to decline.  That means that the best buys are leaving the market, and best doesn't necessarily mean cheap. It means the homes with the highest likelihood of profitable resale. Desirable homes will leave the market first.

• · The Number of Days on market reducing.  The Days on market refers to the period when a Realtor enters a home in the MLS for marketing to other brokers, until the home sells.   When DOM are shorter, that signals a coming seller's market. A seller's market has more buyers than homes, so prices go up and selection goes down.

• ·  Mortgage applications increase.  Interest rates are still at a historical low causing many homeowners to jump in and refinance.  Purchase applications were also up. Either way, that means homes are about to leave the market, so a lessoning of inventory means firmer prices.   Sellers will stop dropping their prices.

• · Sold homes go for closer to listing price. In 2011, home prices sold within 97 percent of listing price. When they get to 98 percent, you'd better be ready.
  

• · Prices remain firm or rise. Prices are a product of demand. To attract buyers, sellers reduce their prices and offer more incentives. If homes are selling reasonably well, prices won't move downward . . . they'll go up.
  

• · Incentives disappear. When a market begins to favor sellers, they don't have to do as much to sell homes. Watch new homes and see if builders are still giving away appliances and granite kitchens. If they aren't, times have changed.

Any change in condition will change others, so again be ready. Now is the time to buy a better house while prices are low in Hawaii, interest rates are low and inventory is still high.

When you are thinking of Buying or Selling in Hawaii be certain to get help from a professional. Make sure your Realtor has an up to date website with listings from the Multiple listing service and has the proper designations and training to help you in today’s market that is not like any previous market, There are new ways of doing Real Estate and types of transactions that many Realtors have not seen before, like reo's bank owned, and short sale properties.

Please use an agent that has the short sale and foreclosure Resource (SFR).

Contact Howard Dinits RS, Certified Residential Specialist at 877-434-6487
or email Howard@HowardDinits.com
For Listings and Hawaii Relocation Information Go To http://www.EasyMauiRealEstate.com.

It's Time For Investors and Home Buyers To Buy Foreclosures, bank owned and Short Sales in Maui Hawaii

By Howard Dinits RB CRS, CIPS, RSPS, SFR, ABR, GRI, e-PRO

808-874-0600

How 2 Qualify for a Home Loan. Thinking of Buying a Home or condo in Maui? 

You Real Estate Broker Howard Dinits will guide you through the process.

Even if you have the cash to buy, it is always good to know your financing options when purchasing a condo in Lahaina, a Luxury Estate in Kapalua, Beach House in Kihei, or your dream home in Wailea

Thinking of Buying a Home? It’s easy to Qualify for a loan in Hawaii, if you come prepared. It may take a few days to get all of your stuff together, but without them it can be near impossible to get a loan

As grandma always said, “Hard work pays off”, so make sure you have all of the necessary items organized and easily accessible in one folder.

            In general, the documentation you will need to qualify includes:

            Income & Assets

            Pay stubs for the last 60 days.

            For the past two years:

              Names and addresses of each employer.

W-2s, Statements for each bank, mutual fund,

            and/or investment account for the last three months.

            Estimated value of personal property and furniture.

            If you have made any large deposits to your accounts:

            Explanation and source for deposit.

            If large deposit was a gift:

            Signed gift letter (lender can supply).

             Copy of gift check & Copy of deposit receipt.

            If you own more than 25% of a business:

              Corporate or partnership tax returns.

            If self-employed:

              Tax returns for the last three years (with schedules).

            Year-to-Date Profit and Loss Statement prepared by an accountant.

            If you own rental property:

            Tax returns for the last two years and current rental agreements.

            If you are retired:  Pension Award Letter.

              If you receive Social Security:  Social Security Award Letter.

              If you are counting child support as income:

            Copy of divorce settlement.

            Copy of twelve months of cancelled child support checks.

            Debts

            Names, addresses, account numbers, balances and monthly payments on all current loans.

            Explanation of credit report anomalies, including: Late payments, credit inquiries in the last 90 days,             charge-offs, collections,  judgments and/or liens.

            Bankruptcy filed within last seven years (bring a copy of your bankruptcy papers).

            VA Loans

            Copy of DD Form 214, Report of Separation. DD Form 214 Request Form VA Eligibility

            Other Important Items needed:

            Photo ID and proof of Social Security number.

            Residence addresses for the past two years.

            If applicable, a copy of your divorce decree.

            If you are not a citizen, a copy of the front and back of your green card.

Now that you are prepared and have all of the necessary items to get approved for a loan, take your information to a reputable lender. The lender will key in your information in a computer and get you an online approval. Once approved, you know what you can afford and are ready to go shopping.

That's it. Your next step, is to call a knowledgeable Realtor, a Certified Residential Specialist, to go shopping for your new home or condo.

Howard Dinits RB CRS, Accredited Buyer's Representative

RE/MAX Resort Realty

808-874-0600 877-434-6487

http://www.EasyMauiRealEstate.com

Search for Maui Real Estate for sale and Come live in Kauhale Makai Village by the sea fee simple condo complex in Kihei Maui.

Kauhale Makai is located at 938 S. Kihei Road; Kihei, HI 96753. Village by the Sea is an Oceanfront resort, built in 1976 with 168 units some with ocean views. This popular beachfront condominium allows vacation rentals and includes electric in the maint. fee. Amenities include a pool, jacuzzi, putting green, and shuffleboard. There are two buildings with six stories: Plumeria Building to the south and Anthirium building to the north. The nearest popular beach is Sugar Beach.

Find condos for sale in Maui's Village by the Sea. Start your search here.
Then call your Maui Real Estate Broker, Howard Dinits at 808-874-0600

Click here to see Condos For Sale at Kauhale Makai

Looking for a Home in Maui near a golf Course?

Many people love to golf and ask me for a list of golf courses in Maui.

So . . . Here is a list of Golfing opportunities on Maui.

Howard Dinits RB
RE/MAX Resort Realty
Direct 808-874-0600
Toll Free 877-434-6487
fax 877-334-6487
http://www.EasyMauiRealEstate.com

Each of us has a personal calling that's as unique as a fingerprint and that the best way to succeed is to discover what you Love to do and then offer it up in the form of service. I Love what I do. Please let me know if you hear of someone Buying or Selling Real Estate in Hawaii.

Sample Hold Harmless Agreement for Maui Real Estate

As a buyer never go into a home to make repairs without permission from your Realtor and a hold harmless agreement in place.

Sometimes a buyer needs to do repairs on an reo or foreclosed home before closing in order to get their loan approved.
As your Realtor in Maui I suggest you get a hold harmless agreement in place to protect everyon involved.

Please see the sample Hold Harmless Agreement below.

RELEASE AND AGREEMENT TO HOLD HARMLESS
 
In consideration for being allowed access to the property indicated above before closing and transfer of ownership, and for the sole purpose of:
 
1. Lender required repairs in order to comply with loan conditions. All required repairs must be completed by licensed contractors.
 
Buyer agrees to exercise all reasonable caution and care to a) protect and preserve the real estate and improvements from any damage or loss and b) to protect themselves and everyone else with whom they access the property from damage, loss, or injury. Buyer further agrees to indemnify and hold harmless the Seller, the Seller's brokers and their agents and employees, and any other party related to or associated with the Seller, from any and all claims resulting from injuries, damage, or loss to persons or property arising from accessing the property and any and all activities performed within it.
 
Access is being granted solely and strictly for the purpose stated above and for the time period beginning on Thursday, March 08, 2012 at 12:00 PM and ending on Thursday, March 15, 2012 at 5:00 PM (HST). Such access does not grant any rights of possession or create any type of tenancy.
 
Howard Dinits RB
RE/MAX Resort Realty
808-874-0600
877-334-6487 <- FAX
Howard@HowardDinits.com
http://www.EasyMauiRealEstate.com
 
Each of us has a personal calling that’s as unique as a fingerprint and that the best way
to succeed is to discover what you Love and then offer it in the form of a service.
I love what I do! Please let me know if you hear of someone Buying or Selling Real Estate in Hawaii.

Kihei Maui condos that allow pets

Not all condos in Kihei or on Maui allow pets, it is important to know which ones allow pets before choosing a condominium to call home.  This is a link to all condos allows pets, though some have specific criteria about which type of pets they will allow.  Feel free to browse properties that allow pets  from this page, once you have an idea which properties you are interested in, let us know and we'll make sure that they are complexes that allow your particular type and size of pet.

Click here to see the condos
 
that allow pets

Here is a link to condos in West Maui
or Central Maui that Allow PETS

Here are the Sales and Sold Statistics for Maui County, Oahu County, Hawaii County, Kauai County

STATEWIDE REAL ESTATE STATISTICS

SOURCE: Honolulu Board of REALTORS®, REALTORS® Association of Maui, Hawai'i Island Board of REALTORS®, Kaua'i Board of REALTORS®, and Hawai'i Information Service.

For personalized service please email or call
Howard Dinits R(B) today at 808-874-0600
RE/MAX Resort Realty

Your Broker on Maui Howard Dinits R(B)

of RE/MAX Resort Realty is here to provide the info you want.
Call us at 808-874-0600 or email us for a list of properties for sale.

 

 

I often get asked How do I run a bed & Breakfast in Maui?

Yes, you too can run a successful Bed & Breakfast, but you need to apply and there are limits to how many home in specific neighborhoods.

 

1. What is a Bed and Breakfast?

The new legislation adopted by the County Council on December 19, 2008 and signed into law by Mayor Tavares defines a “bed and breakfast home” as a use in which overnight accommodations are provided to guests for compensation for periods of less than 180 days, in no more than two detached single-family dwelling units, one of which is occupied by the owner-proprietor. Ordinance 3611

2. What are the major elements of the new law regarding B&Bs?

B&Bs are now a permitted use in residential, business, hotel, rural and agricultural zones. There is a cap on the number of permits that may be approved. Two dwellings per parcel may be rented short-term. The property owner has to live full-time in one of the two dwellings. The Planning Department is authorized to process most B&B applications.

3. Are there additional requirements for a B&B to operate on agricultural land?

Yes. The additional requirements are intended to preserve agricultural lands. State laws require a Special Use Permit be approved prior to operating a B&B on land that has a State agricultural land-use designation. Additionally, for County agricultural zoned lands, the new County ordinance requires an annual farm income of $35,000 for the previous two years; or, if the parcel is five acres or less, that a farm plan has been fully implemented; or, that the parcel is on the National or State Register of Historic Places.

4. What should I do if I have a conditional permit application to operate a transient vacation rental business submitted prior to the passing of the new law?

If your application meets the new definition of a B&B, you may choose to change your application to a B&B application. The decision to change application type is entirely up to the applicant. Planning Department staff are available to help explain the new ordinance so that individuals may make an informed decision.

5. How many B&B permits may be issued in each area?

With the new law, permits are limited by specified caps in each of the following community plan areas:
Hana: 48
Kihei-Makena: 100
Makawao-Pukulani-Kula: 40
Paia-Haiku: 88
Wailuku-Kahului: 36
West Maui Lahaina, Kaanapali , Kahana, Napili, Honokowai: 88
Note: Molokai and Lanai have no caps established. Each application must be reviewed by that respective island’s planning commission.

6. How can I obtain an application for a B&B permit?

The application form may be downloaded from the County website: www.mauicounty.gov (click on “Departments” and select “Planning Department”). You may also obtain an application from the Planning Department at 250 S. High Street in Wailuku, phone 270-7735; or at the Planning Department’s Current Planning Division at One Main Plaza (2200 Main Street), Suite 619 in Wailuku, phone 270-8205. B&B Application Packet

7. Do I have to post a project sign before I submit my application?

Yes. The new law requires that a project sign be posted at the front of the property along the main access road five days prior to the submittal of an application for a permit to operate a B&B. The sign provides public notice that an application is being submitted for the intent of operating a B&B on that property. The application packet contains information regarding the notification sign. B&B Sign Notification Information

8. How long will it take to process my application?

It may take several months before an application is completely processed. Applicants are advised to make sure the application is completely filled out and that all requested information and fees are included. A checklist is provided as part of the application packet to help an applicant prepare information and documents that will be required. B&B Application Checklist

9. Will B&B applications be prioritized?

Applications submitted to the Planning Department are processed in the order they are submitted. Conditional permit applications that have been submitted prior to the new law becoming effective, meet the new definition of a B&B, and are already being processed, may be prioritized.

10. Will the processing of applications be streamlined?

Yes. Generally B&B permit applications for the island of Maui will be reviewed by the Planning Department. In instances where the B&B is on agricultural land, if 30 percent of the neighbors objected, or if another B&B is located within 500 feet, the Maui Planning Commission will review the application. Permit applications for B&Bs on the islands of Molokai and Lanai will go to that respective island’s Planning Commission for review. It is no longer necessary to receive approval by the County Council.

11. Will neighbors and others be allowed to comment on applications?

Yes. Neighbors and agencies will be provided an opportunity to comment on a submitted application. The applicant will be afforded time to address these comments. This is an important step that could affect how long it takes for an application to undergo processing

12. By submitting a permit application, am I guaranteed a slot within the limited amount allowed in my area?

No. Only after an application is officially approved, will a permit be issued and assigned a number under the established cap amounts that limit the total number of permits in districts. The link to the list of permits can found on the left side of the Current Planning Division’s webpage, under the Planning Department.

13. What happens if the cap amount in my district is reached before my application is approved?

If the cap amount in a district is reached, the Planning Department will utilize a wait list. Many visitor industry experts do not expect the cap amounts to be reached very quickly, if at all in the near future – however, this is not guaranteed.

14. Can I operate my B&B immediately after submitting an application?

No. A permit is necessary prior to operating a B&B. The B&B law requires the Planning Department to review each application for compliance with all criteria, including community plans.

15. What happens if a B&B business is found to be operating without a permit?

The County of Maui is required to enforce our community’s existing laws. Any B&B that is operating without a permit is subject to enforcement by the Planning Department.

 

For more information please contact:

 

Howard Dinits RB
RE/MAX Resort Realty
Direct 808-874-0600
Toll Free 877-434-6487
fax 877-334-6487
http://www.EasyMauiRealEstate.com

Each of us has a personal calling that's as unique as a fingerprint and that the best way to succeed is to discover what you Love to do and then offer it up in the form of service. I Love what I do. Please let me know if you hear of someone Buying or Selling Real Estate in Hawaii.