Want to find Foreclosure, Foreclosed, Real Estate Owned, Bank Owned, Property in Maui, Hawaii? You will find a forclosed homes and condos in Kihei, Kahului, Wailea, Wailuku,

Some REO properties have dead lawns and are poorly maintained. This is not the case with Howard Dinits' REO Listings which is why REO Asset managers love listing agents like Howard Dinits. Howard has pride in what he sells so his listings are maintained and sell quickly, often with multiple offers.

Real estate owned or REO is a class of property owned by a lender, typically a bank after an unsuccessful sale at a foreclosure auction. What goes on at the auction you ask? A bank will typically set the opening bid at a foreclosure auction for at least the outstanding loan amount. If there are no bidders that are interested, then the bank will legally repossess the property. This is usually the case as the amount owed on the home is probably higher than the value of this foreclosure property. As soon as the bank repossess the property, it is listed on their books as REO – Real Estate Owned – and is categorized as an asset.

As soon as a property goes into a default or distressed status (the borrower/home owner misses mortgage payments) the bank will want to determine the amount of equity that the property has. A popular method to determine the equity is to obtain a Broker Price Opinion (BPO) , CMA or order an appraisal. Top selling REO agent in Hawaii servicing the Big Island, Oahu, Kauai, and Maui offers Free BPO's to all asset managers willing to list the property with RE/MAX Resort Realty and Howard Dinits the top selling agent in their office. Based on the amount of equity that is determined from the BPO, the bank will decide to try for a short sale or to allow it to go through the foreclosure process. If the bank is able to sell the property through a short sale or at a foreclosure auction, then the property will not become a REO property.

After a repossession and the property becomes classified as REO, the bank will go through the process of trying to sell the property on its own or obtain the service of an REO Asset Manager. The bank will remove some of the liens and other expenses on the home and try to resell it to the public, either through future auctions or direct marketing through a real estate broker. Asset Managers looking to contact REO realtors that specialize in zip codes in Hawaii to help sell thei bank owned properties often turn to Howard Dinits because of his 99% BPO to Sales Price ratio. Howard knows how to play the price is right. Generally speaking, bank REO properties are in poor shape in terms of repairs and maintenance; however, real estate investors will often go after these properties as banks are not in the business of owning homes and so, in some cases, the low price can more than compensate for the condition of the property. Investors looking to find fixer uppers often contact Howard Dinits as he is a fantastic buyer's agent. Howard has helped more than 200 families in vest in Hawaii, on all islands Oahu, Big Island, Maui and Kauai.

Once a property is REO, the bank or lender will try to dispose of the property by either selling it directly themselves or through an established business relationship that they have with asset managers and REO agents like Howard Dinits RS. Many larger banks such as GMAC, Litton, Greentree, Capitol One, Bank of America and Wells Fargo have REO/asset management departments that will often hire Howard Dinits because of his outstanding attention to detaill and 99% BPO to sale price ratio. All REO properties that Howard Dinits lists are on the open market will be listed in at minimum 2 MLS systems by the Howard Dinits the REO Real Estate agent who performed the BPO.

As a listing agent Howard Dinits may be asked to rekey the home, provide Free BPO's, weekly property inspections, pay any outstanding HOA fees, pay the uility bills, maintain the property, evict the occupant, rekey the property, and most of all sell it in 16 days or less and get multiple offers.

Howard Dinits is committed to being the best there is, so if you are an Asset manager loking for an agent that gets it done and knows how to communicate, please call me at 808-874-0600

If you area  buyer and made it to the end of this post, I want to be your agent. Please call or write, so we can get started.

Below is a list of zip codes Howard services for REO Asset Managers.

(includes Maui, Lanai, and Molokai)

Kauai County Zip Codes

Oahu Zip Codes

What is the zip code for places in Hawaii ?

People always ask me about the deals on Maui.

Well the Deals Go Fast, so I thought I'd put them in one place where you can easily find them.

Please call or email TODAY so we can work together to get you your place on Maui.

Howard Dinits RS
RE/MAX Resort Realty
808-877-0600 or 877-434-6487

bank owned, Just Listed Foreclosure, REO and Short Sales
pease bookmark this page.

I want to be your

Maui Buyer's Real Estate agent.
http://www.EasyMauiRealEstate.com

Buyer's Agent HD Video for Kihei Shores Maui 96753

Howard Dinits RS
RE/MAX Resort Realty
808-874-0600

When shopping for Real Estate it is more important to find yourself a fabulous Realtor. A Buyer's agent that knows the market and cares about You. I suggest you use one that is experience and is active in the local Hawaii Maui real estate market. I have personally helped over 50 famlies buy or sell this year. Another suggestion is to find an agent that knows technology and everything will go fast & easy. Today's agents should know how to shoot a HD video. Do not trust your most important purchase with a Rookie or an out of practice veteran. You desrve the Best Real Estate Agent in Maui, so call me ad put my expertise to work for you.Howard Dinits is trained in REO's, Foreclosures, Short Sales, Real Sales, and His average days on market when a listing agent is 16 days. You'll find his broker's price opinion to sales price ratio at 99% which is the best in Hawaii

Howard DInits
PO BOX 2249 Kihei HI 96753
Direct Phone 808-874-0600 
e-mail Howard@HowardDinits.com

Real Steal: Second floor unit #206 at 1010 Eha Street at Iao Parkside Phase II is a bank owned, foreclosed, REO Condo with one bedroom, one bath, 543 sq ft interior, built in 1994. Drop down attic stairs lead to additional storage space above bedroom. Covered lanai provides 151 square foot of space to relax with mountain and peek-a-boo ocean views. Condo is perfect for tropical living with cool ceramic tile in most of the unit and easy care vinyl floor in the full bath. Real Steal has lots of storage in addition to attic space there is a pantry by the dining area and upper cabinets hung in the bedroom. Bedroom has a niche by the bathroom door with a stacking washer and dryer. Iao Parkside is just under 100' above sea level and receives 20-30" of rainfall in an average year. Monthly Maintenance fee is $209 and covers upkeep of common areas, garbage, sewer, water, and landscaping. Residents pay for electricity and cable. Unit comes with one parking space #107. See the Real Steal that you will want to call home: Take Kahului Beach Road, Continue on to East Main Street, Right on Waena Street, Right on Eha Street, 1010 Eha is on the left, and unit is just past the middle in phase II. See virtual tour for more information and pictures

Good News for Canadians,

Attention friends from Canada BC, Vancouver, Alberta, Montreal and Toronto.

I was contacted by a company today that can bridge the gap between Canada and the US (United States) Hawaii and Maui. You now can borrow money in Canada and buy something in Maui. Call me and and let me know if they were able to help you get a loan to buy a condo or house in Hawaii while being Canadian. Now you can score Real Estate in Hawaii while the prices are down. There are lots of opportunites, short sales, reo, bank owned, foreclosures. Call your agent in Hawaii, Howard Dinits RS 808-874-0600 Howard@EasyMauiRealEstate.com RE/MAX Resort Realty
http://www.EasyMauiRealEstate.com

RBC Bank now offers financing for residential properties in Hawaii. This opens up the opportunity to assist Canadian clients who are looking to purchase a property leveraging a US mortgage and/or clients who currently own a property free and clear to protect them against US Estate Tax.

Purchase of a new home

-Single Family Homes, Townhouse, Condo

-3/1, 5/1 and 30 year fixed interest rate lock

-No prepayment penalty

-Loan to Value will be determined on a case by case basis

Cash-out Refinance

-Single Family Homes, Townhouse, Condo

-3/1, 5/1 and 30 year fixed interest rate lock

-No prepayment penalty

-Loan to Value will be determined on a case by case basis

Non-Recourse Mortgage Cash-out Refinance

-Single Family Homes, Townhouse and Condo

-3/1, 5/1 and 30 year fixed interest rate lock

-No prepayment penalty

-Loan to Value will be determined on a case by case basis

-Protects High Net Worth Canadian against US Estate Tax

-Monies can be reinvested in CA investment for tax benefit

 How to get a loan in Canada to buy a House or Condo in Maui,
Hawaii, United States Kihei, Lahaina, Wailea, Wailuku, Kahului

Please contact Christopher Wyatt if you could benefit from one of these programs for greater details. (Please tell him Howard Dinits from Hawaii sent you as he promises to take good care of my clients)

Christopher Wyatt

Canadian Lending Specialist

RBC Bank (USA)

407-244-6002 Office

775-429-7554 Fax

chris.wyatt@rbc.com

© RBC Bank (USA) 2008. Member FDIC. ® Registered trademark of Royal Bank of Canada. 

™ Trademark of Royal Bank of Canada. Used under license.  RBC Bank is a trade name used by RBC Bank (USA) and its branch offices operate under this trade name.  Loans are subject to credit approval.  Homeowners insurance is required on all loans and flood insurance is required if property is located in a Special Flood Hazard Area.  Escrows may be required.  There are closing costs associated with these products.

http://www.EasyMauiRealEstate.com

Looking for a Kihei Buyer's Agent?
Maui Real Estate Agent
Wailea Buyer's Representative
Acredited Buyer's Representative
Certified Residential Specialist
hawaii foreclosure specialist
REO and Short Sales

Do not Buy Real estate without hiring Howard Dinits RS ABR CRS

ABR® vs. Buyer's Rep: A REALTOR® Designation

A buyer’s representative (or simply buyer’s rep) is a licensed real estate professional who represents prospective homebuyers in their property transaction. If you’ve formalized an agency relationship, typically by signing a buyer’s rep agreement with a buyer’s rep, you can expect him or her to:

• Understand your specific needs and wants, and locate appropriate properties.
• Assist you in determining how much you can afford (pre-qualify your mortgage).
• Preview and/or accompany you in viewing properties.
• Research properties, to identify any problems or issues you should consider.
• Advise you in formulating your offer.
• Help you develop your negotiation strategy.
• Provide a list of potential qualified vendors (such as inspectors, attorneys, lenders, etc.) for other related services that may be needed.
• Keep track of all the details throughout the entire transaction—to closing and beyond.

In other words, a buyer’s rep should make your homebuying experience go as smoothly and successfully as possible.

But not all buyer’s reps are equal. A buyer’s rep who has earned the Accredited Buyer’s Representative (ABR®) REALTOR® designation has made an extra effort to raise the bar, with additional training and experience in serving you, the homebuyer. If you work with an ABR®, you can feel more confident that you’ll receive the highest level of buyer-representation services.

http://www.EasyMauiRealEstate.com
Howard Dinits RS ABR
877-434-6487
RE/MAX Resort Realty

ABR® (Accredited Buyer's Representative)
The ABR® designation is the benchmark of excellence in buyer representation. This coveted designation is awarded to REALTORS® who meet the specified educational and practical experience criteria, by the Real Estate Buyer's Agent Council (REBAC) of the National Association of REALTORS®.

Why should you look for the ABR® designation before looking for a home? These three letters after a REALTORS® name tell you that you’ll be working with someone committed to your best interests, someone who has both made education a career priority, and has also demonstrated the experience needed to provide the finest in buyer representation.

Cash is King at Hoapili Street is this REO, Bank Owned, foreclosed home in Lahaina that is just 200 feet from the Ocean. This home built in 1969 was stylishly upgraded in 2007, with a new roof, paint, flooring, kitchens and baths, and new redesigned floor plan. According to County this home has Five bedrooms, Two baths and a 1,681 square foot interior, and sits on a 5,080 square foot parcel. Investors with Cash? Looking for income? This home is for you as number of bedrooms, baths and kitchens differs from country records. Looking for a single family home or buying with a loan? This may not be for you as the 1,681 sq ft of permitted living space, and part of the 1,280 square foot carport has been re-designed into 3 separate living areas. Upstairs rear unit has views of West Maui Mountains and deck has a peek a boo ocean view to remind you how close you are to the water. See it to believe it, then buy it: Take highway 30 to Lahaina, Left on Kapunakea, Right on Hoapili, home is towards the end on the Left. Occupied. Drive by, but please do not disturb. See virtual tour for more information and pictures.

By Allison Schaefers

POSTED: 01:30 a.m. HST, Apr 13, 2010

Real estate sales and condominium prices picked up on Maui last month as investors fueled the market; however, single-family home prices contracted.

Sales of condominiums, which tend to offer more appeal to investors, second-home and vacation homebuyers, rose 82 percent last month. The median price paid for the 122 units that changed hands in March rose 9.5 percent to $512,250 from the year-ago $468,000.

"A lot of the activity that we are seeing is related to second-home owners and investors, and it makes sense that they would go after the condos," said Howard Dinits, a Realtor with Wailea-based RE/MAX Resort Realty.

While buyers have begun to show interest in single-family homes, Dinits said it will take a few more months until the momentum shows up.

"Generally, (second-home buyers and investors) like properties that can be used for transient rentals," he said.

As a result, Maui's single-family home sales rose a more modest 25 percent; however, the median price fell 8.8 percent to $460,000 for the 70 units that traded hands in March.

Still, Dinits said there are signs that Maui's broader market is improving. Canadians, Californians and baby boomers are out shopping, and for the last month buyers have been making calls on properties that are already in escrow, he said.

"That's an indicator that our market is getting better," Dinits said.

"I've already closed $3.5 million in sales year to date. Last year I closed $3.8 million."

Real estate sales and condominium prices picked up on Maui last month as investors fueled the market; however, single-family home prices contracted.

Sales of condominiums, which tend to offer more appeal to investors, second-home and vacation homebuyers, rose 82 percent last month. The median price paid for the 122 units that changed hands in March rose 9.5 percent to $512,250 from the year-ago $468,000.

"A lot of the activity that we are seeing is related to second-home owners and investors, and it makes sense that they would go after the condos," said Howard Dinits, a Realtor with Wailea-based RE/MAX Resort Realty.

While buyers have begun to show interest in single-family homes, Dinits said it will take a few more months until the momentum shows up.

"Generally, (second-home buyers and investors) like properties that can be used for transient rentals," he said.

As a result, Maui's single-family home sales rose a more modest 25 percent; however, the median price fell 8.8 percent to $460,000 for the 70 units that traded hands in March.

Still, Dinits said there are signs that Maui's broader market is improving. Canadians, Californians and baby boomers are out shopping, and for the last month buyers have been making calls on properties that are already in escrow, he said.

"That's an indicator that our market is getting better," Dinits said.

"I've already closed $3.5 million in sales year to date. Last year I closed $3.8 million."

I often get asked how do I know what my credit score is. What is my fico? etc?

Howard Dinits your Real Estate agent in Maui, Hawaii is going to make it east for you.

All Americans are entitled to free credit report  every year from each of the three major credit bureaus. The credit reports used to cost as much as $9.50 each.

The three major credit-reporting agencies, Equifax, TransUnion and Experian, are each required to provide consumers, upon request, a free copy of their credit report once every 12 months.

The reports will not be sent automatically. Each consumer must request reports one of these three ways:

• Go to AnnualCreditReport.com, which is the only authorized source for consumers to access their annual credit report online for free.

• Call (877) 322-8228.

• Complete the form on the back of the Annual Credit Report Request brochure, and mail it to: Annual Credit Report Request Service, P.O. Box 105281, Atlanta, GA 30348-5281. The brochure, which can be ordered or printed, is available from the Federal Trade Commission. Click here for more information.

A credit report is simply a rundown of your payment history, listing your accounts, balances and your payment behavior for each. It is not a credit score, or FICO, the three-digit gauge of your creditworthiness used by lenders, employers and insurers. But credit scores do use the information on your credit reports in their calculations, so it's important to spot and correct inaccuracies as quickly as possible.

Need help understanding your report or what the impact of your fico score really means? Call Howard Dinits RS

RE/MAX Resort Realty
808-874-0600
877-434-6487
Howard@HowardDinits.com
http://www.EasyMauiRealEstate.com

How to get a credit report for free online

You are probably thinking it is too expensive and you cannot afford to come to Maui or Buy Real Estate in Maui. 

I say Lose your bunnyhug and joggers. Grab yourself a swim suit and flip flops and Have a boo at Real Estate with Howard in Maui.

 Friends up North that do not like the cold and Enjoy what Maui US has to offer.

This Blogpost is for YOU. From ME,
Howard Dinits RS
Toll FREE877-434-6487 <-- Canadian Friendly Phone Number
http://www.easymauirealestate.com

I keep getting asked how much does it cost to get to Maui from Calgary Canada.

Well . . . I did some research and if you are flexible with your dates I found Round trip tickets From Calgary to Kahului via AirCanada.com for $500 Canadian Dollars

and Vancouver to Maui Direct 2 times a day on WestJet.com for $500
or better yet Got Air Miles???

You will find with your Canadian money exchange rate in the States, US,  United States of America your vacation will be inexpensive. What does that mean? You have more of your money to spend on investing in Maui Real Estate. There are great buys on Foreclosure Condos and Homes in the Kihei Area of Maui. This is the most desireable location as it is home to some of the nicest beaches. So grab a two-four and enjoy Kamaole one, Kamaole two, Kamaole three, Charlie Young, Sugar Beach, and list goes on.

Call me today so we can get to know one another. I will explains the ins and out of buying Real Estate in Hawaii. It is easy to buy real estate in Hawaii if you are from Canada and not a US citizen. I'll send you some listings and answer your questions timely. Then once you score a Fabulous deal on a flight to Hawaii. I'll help you locate the condo or home you've always wanted, but didn't think they were affordable.

Condos in Kihei Start around $150K and you will be glad you took advantage of our low prices.

http://www.easymauirealestate.com

Maui home sales rise; condo deals fall 34 percent

By Allison Schaefers

POSTED: 01:30 a.m. HST, Feb 09, 2010

Single-family home sales on Maui rose in January, but condominium sales and overall prices began the new year on a down note.

While the "market seems to be getting its footing generally," median prices bounced along the bottom as sales dropped and inventory increased, said Terry Tolman, chief staff executive for the Realtors Association of Maui.

Sales of single-family homes in January rose 48 percent to 46 units from 31 the year before, while the median price fell nearly 16 percent to $469,000 from $558,000 attained in January 2008, according to recent statistics from RAM.

Condominium sales fell 34 percent to 71 units from the 108 sold in January 2008. Similarly, the price paid by more than half of the buyers dropped 47 percent to $424,000 from the year-prior $805,000 median.

"Best deals are selling, everything else is getting old," Tolman said.

Single-family home sellers on average saw their properties spend 27 percent more days on the market; however, the pace of condominium sales picked up by nearly 79 percent. On average it took 224 days to sell a single-family home and 240 days to sell a condominium.

"Days on the market figures show that properties that are priced right will sell in a reasonable time frame," Tolman said.

Short sales and bank-owned properties will have to be absorbed by buyers before Maui's market returns to normal and prices can start to rise, he said.

But, that could take a while, said Howard Dinits, a Realtor at Waimea-based RE/MAX Resort Realty.

"I still think the worst is yet to come," Dinits said. "We still have all those adjustable-rate mortgages that are due to increase, and when that happens, many people are not going to be able to afford their mortgages."

Dinits said he is basing his opinion not only on the timing of the last real estate boom on Maui, but on government indicators.

"Obviously, the government doesn't think that it's going to improve any time soon. Their mortgage forgiveness program, which will forgive up to a $2 million loan for those that have to walk away, is good up to 2012."

http://www.easymauirealestate.com

Howard is a bundle of energy always ready to talk story about real estate, technology and health. His philosophy is to “tell it ‘how it is' without any sugar-coating", so here it is!

Howard and his Assistant, who is also his wife, split their time on Maui and the Big Island. With homes on two Islands, Howard is able to help people with Real Estate throughout Hawaii. He draws on skills from previous experience as a mortgage broker, web designer/marketer, and a real estate investor to make him a top realtor in Hawaii. As a result of the 9-11 attacks, his trip to Boston was cancelled when planes were grounded. He traded his much needed "east coast vacation tickets" in for tickets to Hawaii and decided to make the Big Island his home.

Upon arrival to Big Island, Howard went to a Kona Realtor asking to see only properties he could easily afford at $85,000 or under. The Realtor laughed; so, he drove to the east side and found a great neighborhood in Puna with high speed internet, paved roads, mail delivery and water. Yes, within his price range. He also found a great lifestyle, loving people, and mostly, all the amenities of the mainland, yet with warm weather!

Howard's focus is having fun and living a healthy lifestyle. Howard recently discovered he had hereditary gout. This problem had been plaguing him for years. After his diagnosis Howard decided to educate himself so that he could rid himself of daily pain the natural way, without drugs.  

"So many people are living with it and don't realize what's going on! I will be happy to share all I have learned with anyone interested, because just knowing and treating it has given me great relief. I thought I was just going to live in pain for the rest of my life and I would have to deal with it, but it turns out, there are very reliable methods to preventing gout pain." Said Howard.

"The problem starts when uric acids build up in the bloodstream and crystalize in the joints and cause pain. The build up is caused from eating foods that are high in purines.  “No, no” foods are any shellfish, seafood, meats, legumes, lentils, or game birds as well as, oatmeal, cranberries, and asparagus! Can you believe asparagus?! Gout can be naturally controlled with regular exercise, relaxation, lots of water, cherries, hemp oil, and a vegetarian diet. Once under control,  ' no-no' foods may be consumed once in a while and the pain won’t “kill you."

With Howard's comments in mind, what is his 2010 New Year's resolution? He says it is the year to take "Mary & Howard" time; one hour bike cruises with no phone calls or business conversations, just pure relaxation. His wife, Mary is his best teammate because they have opposite skills and they complement each other.

Mary is in charge of office affairs and all the details behind the scenes as Howard works in the field. He has to be present to show homes, stay abreast of his education, not only for professional licensing, but to be on top of cutting edge technology. He has built premiere websites over the years, which connects both buyers and sellers with information and the ability to work directly with Howard Dinits. He says most websites are about the Real Estate agent's ego instead of providing quality photos and listings. Consumers want an honest and comprehensive response quickly and with the help of the Internet and email Howard makes it all possible.

Real estate websites today need to incorporate web 2.0 skills. On Howard’s sites you’ll see virtual tours, streaming video, daily news, things to do, neighborhood and relocation information. High quality photos are crucial, Howard uses a wide angle lenses, proper lighting and staging to show the property in it’s best light.  A detailed description including driving directions is vital as many consumers find it easier to drive by a home first before deciding to ask for a showing. Listing the home at the right price gets showings, calls and action on the property - many times it can even get multiple offers!  Speaking of listing price, Howard's other philosophy is to attract attention to the property and he requires  sellers to come up with a figure which does not end in zeros to make their property stand out.

To prove the results of these ideas, Howard tells a story. "...a listing very recently, a lady had a home on the market for a long time. Wondering why it didn’t sell, she researched who was selling homes and found me because most of the  SOLD listings had my name on them. She gave me the perfect opportunity - to some, maybe impossible, but for me it was a challenge. She was willing to play the price is right with the numbers. The only thing was I had 90 days to sell her property. Quickly, I started marketing the home." (....Unrelated, but fortuitously, a computer illiterate man calls because he wrote Howard’s number down while clicking away on his new computer and couldn’t figure out how to get back to the website and search for homes....)

Howard continues, "I ended up personally helping this guy who knew nothing about computers learn how to do a property search by actually going to his home in Lahaina, made his home page www.BigIslandRealEstate.com and showed him how to shop for homes online. I had no idea where this would lead; I was just responding to a buyer inquiry.  Later that week, he flew in to Hilo to look at homes for sale, including the 90 day listing!  I knew shortly after arriving at my new listing, by his actions, that this home near the ocean was a complete match, so we went back to the office so I can provide more information about the home. In the office, I discovered he would not buy on his first day of looking, so I told him to go out for dinner with his girlfriend and made an appointment for the next day. It was risky, because he could go somewhere else, but he showed up on time and purchased the properly priced home on the 9th day of the listing."

New technologies Howard uses are:  a pocket video camera made by Kodak (Zi6) with a removable SD card to enable him to send videos to consumers or sellers or do a final walk through for his buyers. The retail price is $150 and he has used it many times. He recently videoed what a home looked like after the tenants vacated to show the messy conditions to convince the seller to pay for a cleaning service.

Another great technology is: text service available through an online texting service which sends detailed property information to folks interested in his listings. His 'For Sale' signs have a text area. The consumer types the text into their "internet enabled" phone and obtains immediate listing information including photos, price, links to his website, and other details. Meanwhile, 'the service' sends a message to him that the listing is being looked at and gives the phone contact of the person viewing it. He can then choose to call the potential client immediately to see if they would like more information or to schedule an appointment.

Supra Lock Boxes are another way to use technology. It is the most secure lock box available as it records each real agents name, license and phone number that shows a home. Howard can go online and track activity and follow up with agents after their showing without having to go out to the home to see who left a card on the counter!

In our closing, Howard wanted to stress his formula for selecting the best price and the importance of not showing a property unless it is at a positive. "Market Data or a Broker's Price Opinion is the best way of selecting a price. A full time real estate agent will have a better pulse on the market than an appraiser would, because appraisers are using data that is four month’s old. They don't know what is in escrow and won't know for a couple months. If you want to sell in today’s market, the list price needs to be at or below market value. The code of ethics state I cannot mislead a consumer on the value of a property, so I can not take over priced listings, and it is my fiduciary duty to explain what market value is to all potential buyers and sellers.

Howard has incorporated all of these talents and skills to propel himself to the top of his profession. He is the top selling RE/MAX agent on the Big Island and Maui. Howard has helped more people than any other Realtor, in the district of Puna in the years of 2007, 2008, and 2009. With his over 250 happy clients talking story about him and his honesty, integrity and hard work, Howard’s business continues to grow on both Maui and the Big Island. Via word of mouth he expects continued success throughout 2010 and beyond especially in the Kihei, Kahului, Wailuku, and Wailea areas. Howard owes all of his accomplishments, to his wife Mary for all of her help and understanding of the amount of time and energy that is required to be the Best of the Best.

November's Sales Volume – Residential Sales dipped slightly from October, however were
the second best month of the last 12 months. Condo Sales rose in November to 69 units and Land sales rose to 17 (including 5 Mixed-use lots in Maui Lani Village Center).

November's Median SALES prices for Homes slipped to $465,000 while Condos remained steady at $400,000. Land bumped up to $450,000.

Days on Market for Residential homes = 168 DOM, Condos = 192 DOM, Land = 284 DOM.
(General DOM Note: this is the average DOM for the properties that SOLD. If predominantly OLD inventory sells, it can move this indicator upward, and vice versa. Also, RAM's Days on Market are calculated from List Date to Closing Date [not contract date]. As such, it includes approximately 60 days of escrow time.) Also – Short Sales transactions can often take 4-6 months to close thereby extending the marketplace’s average DOM.

FOR BUYERS: Continued low interest rates and Newly Extended first time/move-up homebuyer incentives provide plenty of options for Buyers who qualify. Buyers should get Pre-Approved so they can shop in confidence (fewer last minute disappointments due to non-funding loans).

First-Time Home Buyers – This is your opportunity to purchase. Don’t let it pass you by …. ask Howard when his next First-Time Home Buyers workshop, get familiar with the process, get qualified/approved, do your homework to get your own home. Many current owners never thought they would be able to own until they attended a workshop, discovered they could, and are glad they did. This low point in the market is your rare chance, so don’t delay.

By Allison Schaefers

POSTED: 01:30 a.m. HST, Nov 10, 2009

Single-family home sales and prices fell on Maui last month, but condominium sales and prices rose, according to statistics from the Realtors Association of Maui.

While Maui's single-family home sales fell 11.3 percent to 71, condominium sales rose 24.5 percent to 61. The median price paid for a single-family home fell to $487,000, a 4.4 percent drop from the previous year. However, more than half of condo buyers paid at least $400,842 for a unit, a 4.1 percent gain from the year-ago October.

Terry Tolman, RAM's chief staff executive, said the recent data, along with shrinking inventory, is an indication that the market "appeared to be getting its footing."

But he also added that there are a considerable number of short-sale and foreclosure properties that need to be sold before the market can move ahead.

"Best deals are selling; everything else is getting old," Tolman said.

Sales on Maui finally have picked up as those short sales and foreclosures have begun to drive down prices, said Howard Dinits, a Realtor with RE/MAX Resort Realty in Wailea, who specializes in Big Island and Maui sales.

"I have six foreclosure properties waiting to hit the market, and there are people walking away from $800,000 and million-dollar homes," Dinits said.

Sellers who were once reluctant to drop their prices because "Maui is no ka oi" have had to get more realistic, he said.

"Unfortunately, we had the same problems as everyone else that had to drop their values, and so did we," Dinits said.

Home sales

The number of homes sold on Maui in October with the median price and percentage change from the same month last year:

Source: Realtors Association of Maui

Maui condo sales, prices rise in Kihei & Wailea

http://www.EasyMauiRealEstate.com

First-Time Homebuyer Credit Questions and Answers: Basic Information

Well . . . I want to clear things up for a lot of people. Being a Top Selling Agent in Hawaii I get to talk to a lot of people on both the Big Island and Maui. In the course of my speaking to and networking with other Realtors and Buyers I regularly encounter those who have a completely false impression with respect to who owes which duties to whom in the course of a short sale transaction. More specifically, many agents (both on the selling and buying sides of transactions) erroneously think that ALL short sale offers must be presented to lenders – nothing could be further from the truth!

Hawaii State legislation and interpretation, and several areas of law come into play in the course of a real estate transaction (e.g.: contract law, agency law, etc.) there are general principals and practices that can be said to apply. Generally speaking, the laws work like this:

• The listing agent for a property owes their fiduciary duties (care, confidentiality, obedience, accountability, loyalty, and disclosure) to the principal/client, who is virtually always the OWNER of the property.
• ALL offers must be presented to the OWNER of the property.
• The OWNER decides which offer(s) to accept, reject, or counter, based solely on the OWNER'S personal criteria, which may, or may not be price (e.g.: A fast sale may be more important to the owner than a top dollar sale. Similarly, a cash, "as-is" offer may be perceived by the owner to be a better bet than a higher priced offer that has to go through financing and inspection approvals).

For some reason, I find that a very large number of practitioners treat Short Sale transactions as if they were already REO transactions. Such confusion leads to wrong decisions with respect to the presentation of offers, and complicates and prolongs an all too often already complicated and time consuming process. Given these general principals, and in order to answer the question of whether all offers must be presented to a short sale lender, let’s explore the differences between Short Sale and REO/Bank Owned transactions

In an REO transaction the lender has already foreclosed on the property, which means that the LENDER is the OWNER of the property. If we apply the three general principals outlined above to an REO, Bank Owned, Foreclosure transaction we see that:

• The listing agent for the property owes their fiduciary duties to the LENDER .
• ALL offers must be presented to the LENDER.
• The LENDER decides which offer(s) to accept, reject, or counter, based on the LENDER'S own criteria.

In a Short Sale transaction, while the lender may have initiated the foreclosure process, the BORROWER is still the OWNER of the property. If we apply the three general principals outlined above to a Short Sale transaction we see that:

• The listing agent for the property owes their fiduciary duties to the BORROWER (not the lender).
• ALL offers must be presented to the BORROWER (not the lender).
• The BORROWER (not the lender) decides which offer(s) to accept, reject, or counter, based solely on the BORROWER'S personal criteria, which may, or may not be price (e.g.: In the case of a short sale situation, where interest, fees, and legal costs continue to accrue until the property is sold, a fast sale may be more important to the borrower than a top dollar sale. Similarly, a cash, "as-is" offer may be perceived by the borrower to be a better bet than a higher priced offer that has to go through financing and inspection approvals).

Clearly, in the case of a Short Sale, the agent works for the borrower and the borrower makes the decisions as to which offer(s) to accept, reject, or counter. Once a decision to accept an offer is made by the BORROWER, only then is the offer forwarded to the lender. The transaction proceeds as does any other with respect to subsequent offers that may come in – once an offer is accepted, the borrower is "under contract" (subject to third party approval by the lender) and they do not continue to entertain offers. Yes, they may accept an offer as a "back-up," but a back-up offer only comes into play when/if the initially accepted offer falls apart, and only then would it be forwarded to the lender.

The lender is merely a third party "approver" of the transaction – they are not "a party to" the transaction. This is an important distinction! The lender simply has the right to reject, or accept the offers that the borrower chooses to forward. You must remember that a short sale is a completely voluntary attempt by a borrower to avoid a foreclosure -- a borrower does not have to opt for a short sale. That being the case, if a borrower is under no obligation to even attempt a short sale, how in the world could it be said that a lender has a right to be presented an offer?

Now that you understand the borrower’s obligation to present offers vis-à-vis the lender, let’s shift gears and specifically focus on the short sale listing agent by first asking some questions about the general obligations of real estate agents to their clients, and then extrapolating the answers to short sale agents specifically.

Generally speaking, would it ever be tolerated for the agent of a client to act AGAINST the best interests of that client? Would it ever be tolerated for the agent of a client to act on behalf of a party who was acting expressly AGAINST the interests of their client? The answers of course are that, "Such acts would never be tolerated!"

That said, how could it be possible for the agent of a borrower to be compelled to work for the lender? Isn’t the lender working for THEIR OWN best interests, and not those of the borrower?

Clearly, the lender is working for their own best interests, which are directly adverse to the borrower’s interests (after all, the lender is either in the process of, or threatening to foreclose on the borrower’s property, which is about as adverse a situation as there is). Given the nature of an agent’s fiduciary duties to their clients, the agent for a borrower MUST do all that is legally within the scope of their representation to PROTECT the borrower from the lender and to advocate on behalf of the BORROWER’S position, not the position of the lender. There is nothing wrong with this – this is exactly what an agent is hired to do!

Now that it’s been explained to you, doesn’t it make sense?

Do you see how you have been mistaken if you thought that all short sale offers had to be presented to the lender? If you are a listing agent, do you see how presenting all short sale offers to the lenders could constitute a breech of your fiduciary duties to your clients? If you are a buyer’s agent, do you see that you have absolutely no right whatsoever to DEMAND that your buyers’ short sale offers be presented to lenders?

The bottom line is this: A borrower has no obligation to present all short sale offers to a lender, which means that a borrower’s agent has no obligation to present all short sale offers to a lender, which means that a buyer’s agent has no right to demand their short sale offer be presented to the lender. To transact under any other premise is to misunderstand the process completely.

Got Questions? Do not Hesitate to contact
Howard Dinits RS
RE/MAX Resort Realty for a FREE consultation.

808-874-0600
http://www.EasyMauiRealEstate.com

See for yourself,

Howard Dinits RS
RE/MAX Resort Realty
808-874-0600
http://www.EasyMauiRealEstate.com

RECYCLING BUSINESS PARTNERS
These businesses and organizations provide valuable community service by
accepting, recycling, reusing or processing so much of our recyclables that might
otherwise go into the landfill. Please phone first to confirm policies, hours of operation
and acceptable materials.
Ad-Ventures 893-2209 telephone books
Aloha Recycling 871-8544 HI 5 redemption & processing
Aloha Shares Network 268-4380 usable materials exchange
Aloha Shell 877-5894 HI 5 redemption
Aloha Waste Systems 893-0932 waste/recyclables hauling
Big Brothers/Big Sisters 242-9754 household items, clothing
Calasa Service Station 878-1818 used motor oil
Cartridge World 871-6460 ink/laser cartridges
Community Workday 877-2524 paint
EKO Compost 572-8844 green waste, sells compost
Goodyear Tires 244-4074 tires
Graphics Technology 879-9390 rebuilt computers, repairs
Hasegawa General Store 248-8231 HI 5 redemption
Home Depot 893-7800 household & tool batteries, CFLs
Hawaiian Telcom 242-5148 cell phones & batteries
International Market Place, Lahaina 298-7159 HI 5 redemption
Interstate Battery Systems of Hawaii 242-5887 auto & marine batteries
Joy of Worms 573-3911 home compost education, worms
& sells compost systems
Kihei/Wailea Union 76 879-2728 used motor oil
Kitagawa Towing 877-5611 junk cars
Lanai NAPA 565-9027 used motor oil
Lanai Waste Removal 565-6478 waste/recyclables hauling
Longs Drugs Kahului-Photo Dept. 877-0322 household batteries
Longs Drugs Kihei-Photo Dept. 879-2669 household batteries
Longs Drugs Lahaina-Photo Dept. 661-5439 household batteries
Maui Construction &
Demolition Landfill 242-1101 commercial & residential C&D
Maui Disposal Company 242-7999 waste/recyclables hauling, processing
Maui Earth Compost 877-0403 green waste, sells compost
Maui Food Bank 243-9500 usable produce & packaged food
Maui Oil Change & Tune-Up 877-7522 used motor oil
Maui Recycling Group 268-4380 recycling education
Maui Recycling Service 244-0443 curbside recycling service,
residential & commercial
Maui Tires 357-3241 tires in large quantities
Maui Transmissions 573-0600 used motor oil
NAPA/United Auto Parts-Wailuku 244-3774 used motor oil
NAPA/United Auto Parts-Lahaina 661-4461 used motor oil
Office Max 877-9448 / 662-0011 all toner cartridges
Pacific Biodiesel 877-3144 fats, oils, grease from restaurants
Paia Chevron 579-9440 sells B20 (biodiesel blend)
Paradise Pages 1-800-489-8230 telephone books
Parts Plus/Car Quest 871-7668 used motor oil
PF Restoration 244-5905 patio furniture repair
Pua’a Food Waste Service 268-3287 food waste from restaurants
Quiet Time Recycled Insulation 357-1908 newsprint cellulose insulation
Reynolds Aluminum 385-1867 HI 5 redemption, non-ferrous metals
SOS Metals Island Recycling 280-8844 metals, autos, appliances
Teens on Call 579-6011 event recycling
Tri-Isle RC&D 244-1800 Lanai recycling programs
Unitek Solvent Services 877-2667 commercial oil
WalMart 871-7062 used oil, tires, auto batteries
Zitro Recycling 357-3227 HI 5 redemption

SECONDHAND STORES AND THRIFT SHOPS
Rainbow Attic household items, clothing,furniture 874-0884
A-1 Recycled Appliances 242-6937 repairable appliances
Buyers Paradise 878-2826 usable furniture, decor
Endangered Pieces 572-6444 sells furniture, decor
Friends of the Library 871-6563 books, magazines
Habitat for Humanity-Restore 968-8050 building materials, refurb. computers
Holy Rosary Thrift Store 579-8714 household items, clothing
Ilin’s New & Used Furniture 242-4788 furniture
Kala Iki Thrift Store 878-1221 household items, clothing
Pink Plumeria Consignment 877-0007 clothing
Salvation Army Kihei 875-8065 household items, clothing
Salvation Army Lahaina 661-8827 household items, clothing
Savers 871-7244 household items, clothing
St. Anthony’s Thrift Store 242-7785 household items, clothing
St. Joseph’s Thrift Store 572-9150 household items, clothing

Here are the top 10 states and their average well-being scores (out of a possible 100 points):
Utah: 69.2
Hawaii: 68.2
Wyoming: 68
Colorado: 67.3
Minnesota: 67.3
Maryland: 67.1
Washington: 67.1
Massachusetts: 67
California: 67
Arizona: 66.8

To read the whole article, click:
http://www.msnbc.msn.com/id/33830268/ns/health-mental_health/?GT1=43001