SOLD IN PAIA MAUI HAWAII
You never know what a property will end up selling for. Take for instance this home that was listed for $1,250,000 in Kuau/Paia on Maui. Nothing fancy, just a 3Bed/2Bath home built in 1946 and sitting on a quarter acre very close to the ocean. But the location in this seaside town makes it convenient and desirable, with ocean views and easy ocean access.
Would you have guessed that they would accept an offer of $900,000? That's what it sold for. Quite a big drop from the original asking price don't you think? I think the fact that the buyer had the CASH helps a lot.
So when your buyers suggest a lowball offer that you might cringe at, what do you do? You write it up of course. Let the market respond, and they will soon understand which way the wind blows.
If you're looking for a home on the north shore of Maui, please let me be your guide. I can provide you with SOLD comps and PENDING activity to help you make an informed decision.
Aloha from Maui - Georgina M. Hunter R(S) e-Pro EMAIL 808 283-0635
"I want to help you reach your Real Estate goals."
On Maui since 1980. North Shore specialist.. Paia, Haiku and upcountry towns of Haliimaile, Makawao, Pukalani and Kula. Condos too. Living the off-grid lifestyle for decades. Cattle ranching. Aloha
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So how much did this sell for? i think they will need special permits to do any remodeling to this house, it may be considered " historic" . I think Victoria had to go through all this. Have a good weekend!
Hi Mihaela - they settled for $900,000 - I guess I need to BOLD that part. You have a good weekend too.
There was another one that closed today out in Hana that went for less than half of asking price. No evidence that it was a bank or short sale. This is a never know unless you make an offer type market.
I always tell buyers to make an offer if they like the house because we never know what the seller will accept.
Pete - that's for sure - don't be afraid to make an offer
Gita - sometimes sellers are just so glad to get the offer, they find a way to make it work out.
Hi Georgina, I saw a similar house in Boise (although much larger) that kept dropping in price and it finally sold. The ocean and cash are major influences!
Dan - yup, cash is always a good way to buy a home, money talks.
Georgina - Cash is king ... and we don't set the market the buyers and sellers along with their given set of circumstances set it.
I tell my buyers, what is the worst thing they can do, say no?? Money talks, BS walks!
Making the offer is the first step... whether low ball or not. The seller will respons in one of three ways... and then you go on from there.
Kathy - that's right - buyers and sellers determine the market price
Carol - how long can it take them to say no?
Jon - a reasonable seller would probably counter anyway
In this market nothing surprises me anymore! Great job selling it!
Hi BJ - not my buyer or seller, just an interesting property that I thought was blogworthy.