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October, 2009 - Newsletter for the Maui Market
Aloha! Here is your eNewsletter for the Maui Market from Jim Foster
Hot Buys for October, 2009 - For a complete list of REOs and Short Sales in West Maui or the entire island send email request to Jim@JamesBFoster.com
Lahaina - Oceanfront Home on Front Street Short Sale was listed for $3,400,000 and priced at $2,150,000.
Residential Short Sales - 1) 44 Kahana Ridge Dr. $730,000; 2) 33 Kahana Ridge Drive $895,000; 3) 1406 Front St $995,000; 4) 300 Alii Way $1,595,000; 5) 9595 Punakea Loop $1,749,000; 6) 136 Hakui Loop $1,950,000.
Residential REO - 1) 74 Kakui Loop $995,000
Land Short Sales - 1) Lanikea Subdivision – 12,081 SF Lot $405,000
Land REO - 1) Summit Subdivision – 11,892 SF Lot $449,000; 2) Lanikea Subdivision – 12,628 SF Lot $450,000; 3) Kapalua area with almost 11 acres of mainly useable land with spectacular sunset, ocean, Molokai and mountain views Sellers have completed substantial steps toward obtaining entitlements for a 10 lot subdivision $3,000,000.
Condo Short Sales – 1) Kahana Reef 1 Bd $395,000; 2) Kahana Village 2 Bd (LH) $689,000; 3) Lahaina Roads, 2 Bd $553,651; 3) Mahana 1 Bd $775,000; 4) Valley Isle Resort 1 Bd $519,000; 5) Whaler Studio $449,000
Condo REO – 1) Lahaina Roads 1 Bd $425,000
You can now search on my web site www.JamesBFoster.com the Short Sales & REOs on Maui in the MLS. Email me and I will email you back the instructions on how do to do the search. There are a substantial number of Short Sales and REO properties for sale in the Maui Realtors Association Multiple Listing Service (MLS) and the number is increasing and if you would like to have a list or are interested in these types of properties send an email to Jim@JamesBFoster.com
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Make sure you check out the Useful Internet Sites and Real Estate Tips at the end of this newsletter.
Don't forget! We provide a free Automatic E-mail Notification Service that goes out to recipients whenever a new listing becomes available for a particular condominium complex. Each of these notifications includes a link to view the details of the brand new listing in the MLS. We DO NOT SHARE YOUR EMAIL ADDRESS or your contact information with anyone. To subscribe to our Automatic E-mail Notification Service, please send Won an email at Won@JamesBFoster.com with your first and last name, your email address, and the condominium property you wish to be notified of.
Maui Real Estate - The real estate inventory is gradually decreasing with a high of 805 condominiums for sale in April and we have now worked our way down to 661 condominiums. We anticipate the real estate market will continue to soften on Maui for the next few months and gradually stabilize and reverse its trend. This is a Buyer’s Market now after having been a very strong Seller’s Market and this will eventually even out. Prices are low and financing is still attractive and interest rates will continue increase so buyers should not wait too long.
To view the 2007 & 2008 Year End Statistics go to http://www.jamesbfoster.com/condosales.php and click on Maui MLS Statistics 2007 & 2008.
The West Maui real estate market continues to favor Buyers with Sellers willing to negotiate their prices. The current inventory of West Maui condominiums for sale is now at 662 (at 10/1/09) and on the same month in 2007 it was 475. Properties are requiring more time to sell such as five to six months and Buyers have a much larger inventory of properties for sale to choose from. If you’re curious about current trends in Maui real estate and where the market is headed, the answer is - it depends on Location - it depends on if it is condominium or single-family residential - it depends on whether you look at volume, average or median prices. In the current Maui real estate market, the for sale inventory continues to increase and prices are typically flat or have decreased.
Condominiums for Sale
2007 - In the West Maui real estate market, at the beginning of January, 2007 there were 410 condominiums listed for sale with the total value of $372,238,031.00; February, 2007 - 431 condos with the total value of $393,681,669.00; March, 2007 - 458 condos with the total value of $420,941,268.00; April, 2007 - 479 condos with the total value of $429,708,159.00; May, 2007 - 472 condos with the total value of $424,095,260.00; June, 2007 - 455 condos with the total value of $415,187,129.00; July, 2007 - 475 condos with the total value of $432,797,008.00; August, 2007 - 469 condos with the total value of $420,479,301.00; September, 2007 - 474 condos with the total value of $430,914,408.00; October, 2007 - 471 condos with the total value of $423,631,002.00; November, 2007 - 466 condos with the total value of $416,008,907.00; and December, 2007 - 485 condos with the total value of $421,080,117.00. The average number of condominiums for sale on West Maui for 2007 was 462 and the average total value was $416,730,118.25.
2008 - At the beginning of January, 2008 there were 511 condominiums listed for sale with the total value of $445,656,447.00; February, 2008 there were 559 condos with the total value of $500,946,603.00; March, 2008 - 595 condos with the total value of $529,779,322.00; April, 2008 - 647 condos with the total value of $606,635,687.00; May, 2008 - 634 condos with the total value of $583,391,821.00; June, 2008 - 644 condos with the total value of $590,736,279.00; July, 2008 - 680 condos with the total value of $662,919,268.00; August, 2008 - 703 condos with the total value of $693,069,348.00; September, 2008 - 693 condos with the total value of $654,411,079.00; October, 2008 - 673 condos with the total value of $620,032,454.00; November, 2008 - 715 condos with the total value of $652,379,032.00; and December, 2008 - 729 condos with the total value of $660,335,998.00. The average number of condominiums for sale on West Maui for 2008 was 648 and the average total value was $604,191,111.50.
2009 - At the beginning of January, 2009 there were 742 condominiums listed for sale with the total value of $693,143,047.00; February, 2009 there were 757 Condos with the total value of $709,234,346; March, 2009 there were 787 Condos with the total value of $681,864,289; April, 2009 there were 805 Condos with the total value of $693,368,793; May, 2009 there were 717 Condos with the total value of $629,812,465; June, 2009 there were 691 Condos with the total value of $591,075,527; July, 2009 there were 692 Condos with the total value of $588,385,017; August, 2009 there were 682 Condos with the total value of $575,359,815; September, 2009 there were 662 Condos with the total value of $540,291,317; and in October, 2009 there are 662 Condos with the total value of $527,367,912. The average number of condominiums for sale on West Maui from January 2009 to October 2009 is 720 and the average total value is $622,990,252.80.
The condominium for sale inventory since July, 2005 has been as low as 165 and is up to 662 for October 1, 2009. .
Condominium Sales
2006 - The total condominium sales on West Maui during the month of January, 2006 there were 42 sales and the total value was $28,574,643.00; February, 2006, there were 48 sales with total value of $32,995,078.00; March, 2006 - 40 sales with total value of $32,199,584.00; April, 2006 - 43 sales with total value of $41,898,525.00; May, 2006 - 51 sales with total value of $39,644,886.00; June, 2006 - 40 sales with total value of $32,533,500.00; July, 2006 - 30 sales with total value of $26,212,000.00; August, 2006 - 28 sales with total value of $31,885,500.00; September, 2006 - 30 sales with total value of $24,770,000.00; October, 2006 - 29 sales with total value of $23,359,299.00; November, 2006 - 22 sales with total value of $13,414,600.00; and December, 2006 there were 30 sales with total value of $23,169,999.00. For 2006, the monthly average sales were 36 sales per month with the average sales value of $29,221,467.83 per month.
2007 - The total condominium sales for West Maui during the month of January, 2007 there were 37 sales and the total value was $33,091,000.00; February, 2007 there were 26 sales with total value of $16,330,000.00; March, 2007 - 32 sales with total value of $24,121,000.00; April, 2007 - 27 sales with total value of $16,766,000.00; May, 2007 - 28 sales with total value of $30,774,929.00; June, 2007 - 28 sales with total value of $18,917,000.00; July, 2007 - 21 sales with total value of $13,314,200.00; August, 2007 - 32 sales with total value of $33,258,999.00; September, 2007 - 23 sales with total value of $24,701,900.00; October, 2007 - 42 sales with total value of $28,159,900.00, however this included a packaged sale of 19 units at Aina Nalu in Lahaina; November, 2007 - 15 sales with total value of $15,930,000.00; and December, 2007 there were 13 sales with total value of $13,335,500.00. For 2007, the Month of December saw the lowest number of sales in 2007. The monthly average sales were 27 sales per month with the average sales value of $22,391,702.33 per month.
2008 - The total condominium sales for West Maui during the month of January, 2008 there were 20 sales and the total value was $16,184,800.00; February, 2008 there were 20 sales and the total value was $14,414,584.00; March, 2008 - 26 sales and the total value was $20,079,000.00; April 2008 - 28 sales and the total value was $20,488,500.00; May 2008 - 22 sales and the total value was $20,055,000; June 2008 - 14 sales and the total value was $11,957,000; July 2008 - 10 sales and the total value was $6,955,999; August 2008 - 13 sales and the total value was $8,055,000; September 2008 - 12 sales and the total value was $6,707,122; October 2008 - 12 sales and the total value was $8,042,500; November 2008 - 10 sales and the total value was $8,444,000; and December 2008 there were 6 sales and the total value was $6,265,000. For 2008, the average monthly sales were 16 sales per month with the average sales value of $12,304,042.08 per month.
Condominium Sales in 2009 - The total condominium sales for West Maui during the month of January, 2009 there were 76 sales and the total value was $95,573,286.00; February, 2009 there were 54 sales and the total value was $68,795,841.00; March, 2009 there were 37 sales and the total value was $32,979,595.00; April, 2009 there were 23 sales and the total value was $13,142,872.00; May, 2009 there were 11 sales and the total value was $8,879,500.00; June, 2009 there were 18 sales and the total value was $12,530,000.00; July, 2009 there were 21 sales and the total value was $16,166,160.00; August, 2009 there were 25 sales and the total value was $17,891,397.00; and September, 2009 there were 13 sales and the total value was $5,084,550.00. From January 1, 2009 to October 1, 2009, the average monthly sales were 31 sales per month with the average sales value of $30,115,911.22 per month.
The West Maui Condominium sales in 2009, has been adjusted to accommodate the reported sales at the Honua Kai Beach Resort located in Kaanapali, which were recorded late in to the Maui MLS.
We have gone in to the Maui MLS database and pulled information for 2000 through 2008. In 2000 - 654 condominium units sold in the West Maui area for a total value of $209,064,010; in 2001 - 605 condominium units sold for a total value of $271,681,337; in 2002 - 730 condominiums sold for a total value of $240,178,915; in 2003 - 737 condominiums sold for a total value of $319,748,466; In 2004 - 700 condominiums sold for a total value of $375,033,467; in 2005 - 682 condominiums for a total value of $408,582,315; in 2006 - 435 condominiums for a total value of $351,782,614; in 2007 - 327 condominiums for a total value of $271,290,428; in 2008, - 193 condominium units sold for a total value of $147,648,505; and from January 1, 2009 to October 1, 2009, - 278 condominium units sold in the West Maui area for a total sales value of $271,043,201.00.
For previous condo sale details, go to our web site, http://www.jamesbfoster.com/condosales.php then scroll down to your choice and click to open the ADOBE pdf. For the time period of 1/1/2009 to 7/31/2009 the average price for a home on Maui was $741,097 which is down 17% for the time period of 1/1/08 to 7/31/08 when the average price was $891,812. For the same time period the average price for a Fee Simple condo on Maui was $750,556 which is down 25% for the same time period when the average price was $996,636 according to the RAM (Realtor Assoc. of Maui) statistics. Condo sales in Wailea, Makena, Kapalua and Kaanapali are having an impact on the Fee Simple Condo average price by increasing it.
Mortgage Rates for week of October 1, 2009 - from First Hawaiian Mortgage - Rates: Houses & Condos Full docs: 4.750% 30yr fixed 1.625pts (4.974 APR) 5.000% 30yr fixed .50 pts (5.126 APR) 5.250% 30yr fixed -0- pts (5.332 APR) Stated Income - No longer available: Interest Only To $625,500: 5.500% 30 yr fixed (10/20)1.50 pts (5.698 APR) Interest Only to $1M: 5.625% 30 yr fixed(10/20) 1.625 pt (5.766 APR) Condotels 6.000% 30 yr fixed 1.875 pts (6.186 APR) (Points include origination fee)
Mortgage Rates for week of September 1, 2009 - from First Hawaiian Mortgage - Rates: Houses & Condos Full docs: 4.750% 30yr fixed 2.250 pts (5.031 APR) 5.000% 30yr fixed 1.000pts (5.171 APR) 5.250% 30yr fixed -0- pts (5.332 APR) Stated Income - No longer available: Interest Only To $625,500: 5.625 30 yr fixed (10/20) 1.00pts (5.783APR) Interest Only to $1M: 6.125% 30 yr fixed(10/20) 1.125 pt (6.301 APR) Condotels 6.125% 30 yr fixed 2.25 pts (6.430 APR) 6.375% 30 yr fixed 1.375 pts (6.598 APR) (Points include origination fee)
Mortgage Rates for week of August 1, 2009 - from First Hawaiian Mortgage - Rates: Houses & Condos Full docs: 4.875% 30yr fixed 2.125 pts (5.146 APR) 5.1250% 30yr fixed 1.125 pts (5.309 APR) 5.500% 30yr fixed -0- pts (5.584 APR) Stated Income - No longer available: Interest Only To $625,500: 6.000% 30 yr fixed (10/20)1.50 pts (6.206 APR) Interest Only to $1M: 6.25% 30 yr fixed(10/20) 1.00 pt (6.416 APR) Condotels 6.375% 30 yr fixed 1.75 pts (6.635 APR) (Points include origination fee)
Mortgage Rates for week of July 1, 2009 - from First Hawaiian Mortgage - Rates: Houses & Condos Full docs: 5.125% 30yr fixed 1.750 pts (5.366 APR) 5.250% 30yr fixed 1.375 pts (5.458 APR) 5.625% 30yr fixed -0- pts (5.629 APR) Stated Income - No longer available: Interest Only: 6.000% 30 yr fixed .875 pts (6.160 APR) To $1M: No longer available 6.50% 30 yr fixed 1.625 points for condotels.(6.749 APR) (Points include origination fee)
If you would like to view the most current sales statistics for Maui or West Maui Condominiums, you can go to my web site www.JamesBFoster.com and click on Condo Sales in the upper left corner of the home page or go to www.JamesBFoster.com/condosales.php.
Some recent and past news about what is going on in Maui & Hawaii
Weather - As I am writing this newsletter today, October 3, 2009, it is about 79 degrees and partly cloudy, a few showers and some sunshine but a beautiful Maui day. By Monday back to about 86 degrees and sunny weather.
Marsha Wienert The Liaison For State Tourism - She is in favor of the Kahului Airport on Maui becoming an international airport and also suggests ideas like embracing Hawaiian culture in the tourism business and putting more positive language about tourism in the county General Plan, diversifying the sources of tourists and keeping Maui on a strategy of quality as opposed to mass tourism.
Construction and Building forecast are down - Construction unemployment is expected to reach 14% this year. That is worse than the March forecast of 10%. Two big projects on Maui, each employing around 500 people, are winding up - the Residences at Kapalua and Honua Kai in Kaanapali, and nothing of similar scope is near breaking ground; so job prospects for the building trades are poor. With commercial lending slowing in Hawaii the commercial and resort development will continue to suffer for some time. Residential permits still are declining in the islands, and UHERO foresees no improvement until housing prices bottom out - and the economists don't expect that to happen until early 2011. They note that housing values have declined more on the Neighbor Islands and markedly so for condominiums. Maui's condo price fall of 33 percent is the lowest in the state. The peak-to-trough decline in housing prices in the islands is expected to be 18 percent, much less than in many Mainland states and even less than what Hawaii went through in the mid-1990s. However, the drop in the pace of residential building permits has been much steeper than it was 15 years ago. The drop will be 44 percent this year, and another 4 percent next year. Construction is expected to contribute $5.4 billion to the state's economy next year and more than 30,000 jobs. While this is one of the biggest sectors of Hawaii's economy, that is nearly $3 billion less and 9,000 fewer jobs than in 2007. University of Hawaii Economic Research Organization semiannual construction forecasts are sponsored by a number of organizations, including Central Pacific Bank, Dowling Co. and Maui Electric Co. Current and earlier forecasts can be found at www.uhero.hawaii.edu and at www.uhero.hawaii.edu/eis/eis_forecastarchive.html
Tom Scott owner of Scott Bros Pacific Inc – Tom’s firm Scott Bros Pacific Inc did a renovation facelift to the buildings and containers at the campus Athletic Field at Lahainaluna High School. They came in and painted inside and out of the utility building and the industrial containers at the facility. They also repaired the steps, railings and walkways at the site and had two “LUNAS” signs made for display on the face of the containers. The work was done at no cost to Lahainaluna. Sherwin Williams donated the paint, and Terry Ney at Electric Signs presented the placards at a discounted rate picked up by the Scotts. Tom is well known in the Lahaina area for his honesty and ethics as a contractor and sub-contractor. Tom’s son Ty, the eldest of three kids is a junior at Lahainaluna and is now 15 years of age. When Ty was 9 years old he was diagnosed with cancer which he went through a difficult treatment for and is now cancer free. Ty is on the Lahainaluna football team and an honor student.
Bad News Prices Are Down & Good News More Can Afford To Buy - The University of Hawaii Economic Research Organization (UHERO) indicates the Housing Affordability Index is rising steadily. Maui County had the most unaffordable housing in the state - if not the whole country - in 2006, when the UHERO index fell to 46.4. Last year, it was up to 65.6. The index is likely to improve more next year, although in its latest construction report, the amount is not estimated. Maui County real estate prices are falling more than Oahu prices. It also depends what type of housing is sought. In July, single-family prices were rising while condo prices were falling. According to the Realtors Association of Maui, the medians were $532,000 for single family homes and $350,000 for condos.
What We Need Is a New Hospital But What We Are Getting Is A New $235M Jail - The Plans for a proposed Maui Regional Jail in Puunene are moving forward, leaders from the state Public Safety and Accounting and General Services departments said last week. The 38.8-acre site is located along Mokulele Highway at the old Puunene airfield within 222 acres of state land now used by Maui County for the Maui Motor Sports Park.
Maui Prince Hotel Has a New Name - It will become the Makena Beach Hotel as Benchmark takes over management from Prince Resorts Hawaii. Benchmark Hospitality International and the ILWU have negotiated a new contract for the staff. The hotel has been losing money, and earlier this year the union negotiated a contract with Prince Resorts Hawaii that called for a quarter of the union staff to be laid off. The hotel and golf course have had about 380 total employees, including casuals and part-timers. The resort's owners since 2007, a partnership of Everett Dowling and Morgan Stanley, had planned to replace the 24-year-old hotel, as well as further develop the Makena Resort. The $575 million purchase, however, proved too big to keep financed when international credit markets froze up a year ago. Wells Fargo, as trustee for the lenders, foreclosed on the hotel and resort in August. The entire property is under the supervision of a court-appointed receiver, and eventually the real estate will be auctioned to recoup some of the lenders' money.
Olowalu New Town Back in Island Plan - Maui Planning Commission members recommended returning a major development at Olowalu to the Maui Island Plan and restoring the Pulelehua housing project in West Maui to its full size. The commission concluded its review of growth areas in the Maui Island Plan's maps. The panel's plan would provide for 3,024 acres of new growth over the next 20 years, generating an estimated 14,963 new homes. That's 34 percent more than population forecasts predict demand for new housing will be in 2030 - the largest surplus that has existed during the General Plan update process. The Planning Commission voted 5-2 to recommend approval of the Olowalu development, which as proposed would build 1,500 homes on 290 acres above Honoapiilani Highway in West Maui. Critics said they continued to be deeply concerned about the project's impact on traffic, its distance from jobs and infrastructure, and the potential for runoff and wastewater injection wells to degrade some of the healthiest reefs remaining in West Maui.
Italian cuisine with modern flair at Pulehu – For those who enjoy Italian cuisine, the restaurant at the Westin Kaanapali Ocean Resort Villas should satisfy that craving. An Italian Grill certainly offers classic cuisine with a modern twist. Most dishes are prepared over an open flame in the expansive exhibition kitchen. For those who have a love affair with Italian cuisine, enjoy an evening of indulgence in the casual elegance of the new Pulehu, an Italian Grill at The Westin Kaanapali Ocean Resort Villas. A vivere la dolce vita — here’s to living the sweet life! Buon Appetito! For reservations, call 662-2655. The entrance is at Airport Beach across from the Sugar Train Station, and then proceed to the North Tower. There is plenty of free parking and free valet service.
Fourth Maui Location For T S Restaurants To Be At Honua Kai - Duke’s Beach House, owned and operated by Maui-based T S Restaurants, will provide guests an authentic Hawaiian dining experience and glimpse into the life of the restaurant’s namesake, Duke Kahanamoku. T S Restaurants is the parent company of eight Hawaii restaurants, including Kimo’s, a landmark in Lahaina since 1977. Fresh, locally sourced ingredients will be featured throughout the breakfast, lunch and dinner menus at Duke’s. The new restaurant will overlook the crystal waters of Kaanapali North Beach. The scale and ambiance of this open-air restaurant will be more residential in feel than other Duke’s restaurants.
Maui Lucks Out And Dodges Another Bullet – The massive earthquake in Samoa was responsible for a Tsunami watch being announce on the morning of September 29th but was downgraded for Beachgoers warned of possible tidal surge. We were all concerned but breathed a big sigh of relief.
Remodeling or Upgrading condominium or house - It is critical to have a licensed contractor and subcontractors with excellent references and experience working with Maui properties if you will be Remodeling or Upgrading a condominium or house Should you need assistance or referrals for a property you own or need an estimate for property you are contemplating purchasing, all Jim Foster on his toll free number 1-888-661-7994 or send him an email to Jim@JamesBFoster.com and we can provide names and contact information as we have contact information for several reputable contractors for both remodeling and new construction.
Medical Facilities on Maui - The Association for Improved Healthcare on Maui (AIHM) www.aihm-maui.org whose mission is to serve as an advocate for the creation of a system that will provide improved healthcare services to all of the citizens and visitors of Maui County has been making some excellent progress. For more information on making a contribution to this great cause, please visit the web site for AIHM at www.aihm-maui.org The new organization that is proceeding with Dr. Ron Kwon’s dream of a new hospital in Kihei is www.MalulaniFoundation.org To stay informed of what is transpiring with future approvals of either the Kihei or West Maui hospital, you can send me an email and request a subscription to the “Coconut Wireless” to either my email at Jim@JameBFoster.com or Jan@SunshineRainbows.com
West Maui Hospital - http://www.youtube.com/watch?v=GaQvaQhg8oQ This is the video that was done on September 20, 2009 for the West Maui Hospital and Brian Hoyle, the developer is announcing that it will be about 6 to 8 months for the design for the West Maui Hospital and the construction start is expected to be the end of 2010 with completion possibly in 2013. http://www.westmauihospital.org/ West Maui Hospital web site
Real Estate & Financial Planning Tips:
Reverse Exchange - We are currently representing a Buyer in purchasing a two bedroom beach front condominium and also representing his family in the sale of his other two bedroom condominium in the same complex. We are utilizing a Reverse Exchange that enables the family to purchase their replacement property and hold it in a Limited Liability Company until his property sells, thus saving the family about $100,000 in capital gains tax. If you have a situation that a Reverse Exchange would be of benefit, send me an email and I will email you details on the Reverse Exchange.
Deferred Sales Trusts (DST) - Those of us who own businesses, corporations, and commercial or residential investment real estate assets are often reluctant to sell because of capital gains taxes associated with the sale. But what other choice do we have other than a property exchange directed by a Qualified Intermediary? Is there another way to deal with the capital gains tax deficits that so many investors experience when they sell their real estate assets? The answer may lie in the Deferred Sales Trust™.
This capital gains tax deferral tool could save you thousands of dollars, and at the same time, you would then have the opportunity to potentially make a profit on the money you would have paid to Uncle Sam in the year of the sale. Obviously, this strategy is gaining popularity among those who have highly appreciated assets that are marked for sale. You too can potentially take advantage of this program once you understand how it works.
The process starts when a property owner sells its property to a trust owned by a third party company. The trust sells the property or stock. Next, the trust "pays" you. The payment isn't in cash, but with a payment contract called an "installment contract." The contract promises to make payments to you over an agreed period of time. There are zero taxes to the trust on the sale since the trust "purchased" the property from you for what it sold it for. The payment is made with an installment contract which makes payments to you over an agreed period of time.
The options on when and how payments can be made are flexible. You may have other income and don't need the payments right away. The tax code doesn't require payment of the capital gains until you start receiving installment payments. The capital gains tax is paid to the IRS with an "installment plan" since only that portion of capital gains is due in proportion to the number of years established in the term of the installment agreement.
The Deferred Sales Trust™ has the potential to generate more money over the long run than a direct and taxed sale. Email me for more information Jim@JamesBFoster.com
We have also assisted sellers (for sale by owners) who had buyers but needed someone to facilitate the sale and guide them through the process and assure them they were asking a current market value price for their properties.
Many property owners who currently own underperforming assets can sell those assets and take advantage of tax deferred exchanges, turning an underperforming asset such as land into an income producing asset. If you are contemplating selling highly appreciated real estate during 2009 or 2010 and would like for us to provide an analysis of how to best structure your transaction, please call me or send me an email if you would like additional information at 808-661-7994 or email Jim@JamesBFoster.com
Useful Internet Sites & Interesting DVDs:
Recommended DVDs – This remarkable series was filmed over the course of more than six years at some of nature’s most spectacular locales, "The National Parks: America’s Best Idea" is a six-part, 12-hour documentary series by Ken Burns and his longtime colleague Dayton Duncan on the history of America’s national parks. This is a story of people — rich and poor, famous and unknown, soldiers and scientists, natives and newcomers, idealists, artists and entrepreneurs — who were willing to devote themselves to saving some precious portion of the land they loved and in doing so, reminded their fellow citizens of the full meaning of democracy and what America can accomplish when challenged. Can be purchased on PBS at www.shoppbs.org
www.sexyinyour60s.com For Joan Bunney, it all began on a beach in Maui, celebrating her sixtieth birthday, reading Sang Whang’s book, Reverse Aging. On that beach she learned about the body's pH, and the importance of keeping her body in alkaline/acidic balance. She made immediate changes to her diet and began drinking alkaline water. Within a week she saw and felt amazing things happen. Her body underwent a total transformation. Not just her outer physical self, including her skin, but her body’s inner workings as well. At 64, she now looks and feels younger, healthier, and more energized than she had since her twenties. She is forty pounds lighter! For her, this was a miracle! She shares her exciting story and the information she has learned in her new book Sexy In Your 60's because it’s time for the truth to be told about health and wellness. She participated in PBS Television program on October 2, 2009 and a video will soon be posted on her web site.
www.seatguru.com/ Now they have made it easy to pick your seat on just about any flight! This helpful site allows you to view the seat configuration on 19 major airlines. Here you will find links to all the major airlines seat charts including seat maps, seating arrangements and seat configurations in all aircraft types and models. Details on exit rows, first class, business class and coach seats are all included. Want to see how the Concorde lays out? It's a snap here!
www.namechk.com If you are ready to jump into the fun or business applications of Social Networking and want to get a user name that you can use across many networks, this is a way to check to see if your desired username is available at over a hundred popular Social Networking and Social Bookmarking sites. This can help promote your brand consistently by registering a username that is still available on the majority of the most popular sites. A bonus is the popup from each site name giving a Twitter length description of its area of appeal.
www.bgfl.org If you love music, this is the place for all of your syncopation experiments. In three minutes flat, you’ll be playing the instrument of your choice such as the piano, sax, organ, flute, guitar or steel drums – all accompanied by any one of several drum beats. Paste this link
www.bgfl.org/bgfl/custom/resources_ftp/client_ftp/ks2/music/piano/pan_pipes.htm
www.tpc.int/sendfax.html Need to get a quick fax off to Istanbul or other places including across town. No monthly fees to access this service and it is simple. Use the form at the site and just enter the recipient’s name and fax number along with your fax message and click "Fax it!" You will receive an e-mail when the fax has been delivered. These folks also provide a way to send your fax directly by e-mail – but the web form is easier to use.
Kindest Regards, Jim Foster
Chase 'N Rainbows Real Estate, Inc.
Toll Free 888-661-7994
Direct Line 808-661-7994
Cell 808-870-5858
Fax 808-667-2957
Real Estate for Sale www.JamesBFoster.com
Vacation Rental www.ChaseNRainbows.com
Email Jim@JamesBFoster.com
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