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November, 2009 - Newsletter for the Maui Market
Aloha! Here is your eNewsletter for the Maui Market from Jim Foster
Hot Buys for November, 2009 - Kaanapali Royal 2 bedroom units G101 $685,000 & G201 $825,000 (totally remodeled) 1,534 square feet concrete air conditioned; Kahana Reef 1 bedroom on ocean, 611 square feet concrete building $439,000; Kahana Sunset 2 bedroom unit 952 square feet $795,000; Kapalua Golf Villas 2 bedroom unit 1,440 square feet $550,000; Lahaina Shores 2 studios, one leasehold & one fee simple 483 square feet $179,000 (LH) & $236,000 (FS); Mahana right on the beach, studio 456 square feet $559,000 & $649,000, 2 bedroom unit (total remodel) $1,945,000; Maui Eldorado with private cabana on Kaanapali Beach, studio $249,000 (LH); Maui Kaanapali Villas on Kaanapali Beach 1 bedroom units with 920 square feet $335,000 & $475,000; Pikake on the beach 1 bedroom 518 square feet $498,000; Pohailani studio direct oceanfront with 363 square feet $395,000; Puna Point 1 bedroom with 678 square feet $998,000;
For a complete list of REOs and Short Sales in West Maui or the entire island send email request to Jim@JamesBFoster.com
Residential Short Sales - 1) 33 Kahana Ridge Drive $895,000; 2) 1406 Front St $995,000; 3) 300 Alii Way $1,595,000; 4) 9595 Punakea Loop $1,749,000; 5) 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) Valley Isle Resort 1 Bd $519,000; 3) Whaler Studio $449,000
Condo REO - 1) Lahaina Roads 1 Bd $383,700
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, 2009 and we have now worked our way down to 636 at 11/2/09 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 and the month ending September, 2009.
The West Maui real estate market continues to favor Buyers with Sellers willing to negotiate their prices. We are either at the bottom or will be in the next three to six months. Once the bottom is achieved prices will likely remain at that level for six to nine months before changing direction. Buyers in the market currently, for the most part, are looking for deals or the lowest prices. We are seeing improvement in the number of showings and increased bookings for vacation rental. The current inventory of West Maui condominiums for sale is now at 636 (at 11/2/09) and on the same month in 2008 it was 715 and this is an improvement with inventory going down. 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; in October, 2009 there were 662 Condos with the total value of $527,367,912; and in November, 2009 There are 636 Condos with the total value of $486,410,609. The average number of condominiums for sale on West Maui from January 2009 to October 2009 is 712 and the average total value is $610,573,921.55.
The condominium for sale inventory since July, 2005 has been as low as 165 and was up to 805 in April, 2009 with the currently inventory of 636 on November 2, 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 28 sales and the total value was $30,196,900.00; August, 2009 there were 25 sales and the total value was $17,891,397.00; September, 2009 there were 14 sales and the total value was $5,684,550.00; and October, 2009 there were 23 sales and the total value was $14,202,856.00. From January 1, 2009 to November 1, 2009, the average monthly sales were 31 sales per month with the average sales value of $29,987,679.70 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 November 1, 2009, - 309 condominium units sold in the West Maui area for a total sales value of $299,876,797.00.
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 November 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: 5.750% 30 yr fixed(10/20) 1.500 pt (5.898 APR) Condotels 6.000% 30 yr fixed 2.125 pts (6.291 APR) (Points include origination fee)
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)
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, November 3, 2009, it is about 84 degrees and partly cloudy and a beautiful Maui day. Evenings are a little cooler but climate is near to perfection as you can get.
Chinese Hainan airline to fly to Hawaii - The U.S. Department of Transportation has approved flights for Chinese Hainan airline to fly to Hawaii. The trips will not begin until early 2010 and will initially be once a week. Chinese Hainan is privately owned and currently flies four times a week from China to Seattle. State statistics show approximately 60,000 visitors visited Hawaii last year.
Interisland Airfares Expected To Increase - With the merger between Mokulele Airlines and Go! Airlines, along with Hawaiian Airlines' decision to eliminate 5% to 8% of its interisland passenger seats it is expected that ticket prices will be in the $70 to $80 range. The airline's decision to shrink the number of passenger seats by 5 percent to 8 percent next month combined with the merger between Go! and Mokulele means that the passenger capacity for the entire interisland market will be down 12% to 15% later this year. During the past month, crude oil prices have risen about 20% to about $80 a barrel, adding millions of dollars to the local carriers' operating costs.
Kapalua’s Maui Land & Pineapple Co. Writes Equity Down - The Company reported a $25 Million loss for the third quarter of 2009 which includes $22.8 million on the company's investment in Kapalua Bay Holdings. The company has lost all of the money it originally invested in Kapalua Bay Holdings (Kapalua Bay Residences). The resort segment reported an operating loss of $2.7 million for the quarter - compared to losing $5.7 million for the same period in 2008. Agriculture reported an operating loss of $4.1 million - a big decrease from the $9.5 million loss it reported at the same time last year. While development took the hit for losses on the Kapalua Bay investments, it also recorded profits from two land sales: the 125-acre Makana Estates in Kapalua, which sold in September for $10 million; and a 3.4-acre executive residence on Inu Place in Kula, sold in August for $1.4 million.
Maui Selected As Best Island In The World - The Conde Nast Traveler Readers' Choice Awards poll for the nineteenth straight year chose Maui as the "Best Island in the World" with a score of 90.1. Maui and Lanai hotels dominated the "Top Hawaii Resorts" category with four of the top five resorts coming from the county. They were: Four Seasons Resort Maui at Wailea, No. 1; Four Seasons Resort Lana'i, The Lodge at Koele, No. 3; Hotel Hana-Maui and Honua Spa, No. 4; and Four Seasons Resort Lana'i at Manele Bay, No. 5. The second-ranked Hawaii resort was the Four Seasons Resort Hualalai on the Big Island. Other top-ranked Maui properties included: The Fairmont Kea Lani Maui, No. 9; Grand Wailea Resort Hotel & Spa, No. 12; Ritz-Carlton, Kapalua, No. 14; Hyatt Regency Maui Resort & Spa, No. 15; and Westin Maui Resort & Spa, No. 20. Maui County captured nine of the top 20 spots.
Maui hotels Achieve Close To 66% Occupancy - This is not great but an improvement over the 55% in May of this year. The hotel operators did it by slashing prices. The rack, or standard, rate for a room on Maui was $232, a drop of $56 from the year before, when occupancy was a comparatively anemic 69.1 percent. The visitor industry downturn is now well into its second year. Total hotel industry revenue was $238 million less this summer than last summer and $374 million less than three summers ago in the record year of 2006. Maui has more luxury rooms than any other county, and it doesn't have any rooms that Hospitality rates as budget.
Maui Electric Rates Expected To Rise 10% In 2010 - The money is needed for capital improvements and increased operating and maintenance costs such as the cost of upgrades to MECO's most important generators at its Maalaea plant, as well as other improvements to the existing electrical grid. No new generators would be added under the proposal.
Continental Airline Adds Maui Flight - Starting March 7, 2010 a daily flight between Maui and Los Angeles will be added and it will add a second Honolulu-Los Angeles daily trip and begin a Honolulu-Orange County run four times a week. The Airline's move runs counter to recent decisions to cut flights.
Lahaina Community loses Tom Rosenquist - Tom was a man who lived on Maui for a relatively short period of time, but his philanthropic contributions to the future welfare of the people here — particularly in the area of the education of children - will long be admired and appreciated. A founder, former board president and continuing advisor and financier of Maui Preparatory Academy in Napili. His vision was to create an independent college preparatory Pre-K-12 school to serve the educational needs of all the children of West Maui. His business expertise formed support groups through the MPA Founders LLC and the Maui Prep Angels funds, providing the financial base for the current $6 million campus and stabilizing the future of the school.
The Wine Corner Replaces Mr. Wine In Lahaina - Mr. Wine closed its doors impacted by the economy and The Wine Corner expands into their space at Lahainaluna Rd. and Waine’e. The Wine Corner has a temperature-controlled cellar with the high-end wines you can only get a boutique wine store and are staying away from the wines one can purchase at the general grocery stores and Costco.
Walgreens Opened Its First Full-Service Store - The store is located at 342 Keawe St. across from the Cannery Mall and also has a drive thru window. The 15,238-square-foot store is Walgreens’ fifth full-service store in Hawaii. Store hours are 7 a.m. to midnight seven days a week. The pharmacy will be open Mondays through Fridays from 7 a.m. to 9 p.m., Saturdays from 9 a.m. to 6 p.m., and Sundays from 10 a.m. to 6 p.m.
First Whale Sightings Of 2009 On Maui - A pod of humpback whales were sighted the morning of October 17th off the West Maui coast. Humpback whales winter in Hawaiian waters from about the end of October and early November to the end of April and early May. The whales feed in Alaskan waters and swim to Hawaii to spend the winter months mating, giving birth and caring for their young.
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.
Installation of Home Entertainment Systems - If you are looking for an experienced company for Home Theater Systems, Whole House Sound Systems, Telephone & Computer Network Wiring, HD TV Specialist/Blu Ray, Complete Color Calibration System and Universal Remote Control Systems and much more - contact Jason Vizthum with Integral Technologies in Lahaina. Phone is 1-866-420-3013 and Cell is 808-214-4212. Licensed, excellent referrals and a West Maui resident. www.integraltechmaui.com Email for Jason integraltech@hawaii.rr.com
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
Real Estate & Financial Planning Tips:
Personal Service with Aloha at Chase ‘N Rainbows Real! - There are so many options for Maui vacation rentals on the internet that it's often confusing who to choose and trust. What makes a management company like Chase 'N Rainbows THE visitors choice for renting fully equipped vacation rentals on the West side of Maui?
Chase 'N Rainbows offers West Maui's most complete collection of Ocean Front Vacation Condominium rentals. Featuring studios with fully equipped kitchens to large 3 bedroom condos on the beach in Kahana, Lahaina, Kaanapali, Napili & Kapalua and everywhere in between. www.chasenrainbow.com
Whether going on your first visit to Maui, your 5th stay with us, or you have family coming to visit and would like to book an affordable retreat for them, let us make this visit one you will always remember. Vacation condo rentals are an affordable way to bring the entire family to Maui. Prepare meals in your condo and save money for activities like snorkeling, luaus, zip-line tours, and exciting indoor shows.
We are a full service vacation rental management company and have been in business on Maui for nearly 30 years and manage over 225 condos. We are here on Maui to serve you. Whether you have questions concerning the linens provided or a light bulb needs replaced, we are here, every day. Also, great news, Chase 'N Rainbows will NOT charge a cleaning fee. Many other companies do. Beach towel rentals are also available making just enough space in your suitcase for more important items, like souvenirs. Plus if you can keep your bags light, you may even be able to carry on your luggage and avoid the airlines checked baggage fee charges.
We are knowledgeable about Maui because we live and work here every day. Let us suggest dinner venues, beaches for swimming, beautiful drives to take with the family. All the information and knowledge you could imagine from one management company.
Maui County Assessed Value and Real Estate Taxes for 2010 - Do not delay. Plan now to have all of your information ready to file an appeal if your property has too high of an assessed value. For forms www.mauipropertytax.com go to the Maui County Web site. If you want to print or download the sales in West Maui for condominiums in 2007, 2008 or 2009 you can go to my web site, www.JamesBFoster.com For instructions send me an email to Jim@JAmesBFoster.com and I will email them to you. You have a very small window to file your form and appeal your taxes if they are too high.
New IDX Search Features - on www.JamesBFoster.com Search properties and you can search for Short Sales, REOs, by location and other categories. If you would like directions on how to use email me Jim@JamesBFoster.com and I will email instructions.
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:
www.refdesk.com Proof the Web is one huge repository of valuable and useful information. The folks at this great source say, "The Internet is the world's largest library containing millions of books, artifacts, images, documents, maps, etc. There is but one small problem in this library: everything is scattered about on the floor, with growing hordes of confused and bewildered users frantically shifting through the maze, occasionally crying out, "Great Scott, look at what I just found!" Well, now this powerful reference tool has organized the giant library to cover most major reference books, periodicals, newspapers, columnists (Dave Barry is there) etc. There aren't many facts left out! "The single best source for facts on the Net" is how they bill themselves. They may be right!
www.gotomypc.com Move around a lot? Don't feel like lugging your computer? Here's a neat trick -and you don't even need a notebook or handheld! This clever site allows you to remotely access and control your computer from any other Internet-connected computer in the world through a secure, private connection. In short you can run your computer back home from someone else's machine over the Internet. Once you have downloaded and installed the software on your computer you can remotely access it from any PC with a Web browser. Once connected, you can immediately access your email, applications, documents and network resources. Then you can work on your computer as if you were sitting right in front of it - from anywhere in the world!
www.weboffice.com Here's a private place on the web where you, your family, friends or business associates can easily access and share documents, calendars and event information. It is like your own private web site where only those who are invited can visit. Among other handy things you can do here: Set up a group calendar, have group discussions, post a poll and watch the results roll in. Your intranet site includes site hosting, a custom URL, and interactive applications. You can use your site to centralize important personal or company information, let your users post documents, create group schedules, announce events, and lots more. You and your authorized participants can even sync information wirelessly with your handhelds.
www.onlinenewspapers.com This giant resource will link you to Newspapers around the globe. For example a quick check for papers in Russia will find you links to over 250 papers (some in English). How about a quick morning read of the "Fiji Post" or the "Bahrain Tribune"! We didn't count them all but we figure that you can get just about every newspaper in the world at this great place! Well not quite all -but almost!
Recommended DVDs -
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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