This fall Kauai will have it's first marathon and the directors are hoping it will have a positive effect on island tourism. According to reports in the paper, "It is conservatively estimated that over 1,000 runners will travel with numerous friends and family to Kaua‘i from outside the state in addition to nearly 400 participants from Neighbor Islands. This needed influx of tourism is anticipated to have an economic impact of between $3.5 million to $3.75 million on the island." That will be fantastic if that many people participate in this inaugural event. Several local nonprofits and businesses will be volunteering on race day and will be out there cheering on all of their Kaua‘i friends and neighbors running in the event. Join the 60-plus Kaua‘i residents already signed up and run in the event. The county Economic Development Office, the Kaua‘i Visitors Bureau, Po‘ipu Beach Resort Association members and The Garden Island newspaper are all helping to sponsor the event. For more information , check out the Kauai Marathon Website.
The loan limits for FHA and VA have increased again and that is helpful for buyer's using those types of programs. There are additional incentives in the government's new programs to make it easier to buy homes using these programs. FHA only requires 3.5% down PLUS they have programs where you can also finance any upgrades or improvements you wish to make to the home.
Some of our Kauai lenders have more experience and focus on these types of FHA and VA loans. If you qualify for any of these programs, it may be worth checking out.
Check out the requirements for a VA LOAN with the Department of Veteran Affairs
Check out the program for FHA Loans and incentives for FHA in the "American Recovery and Reinvestment Act"
Thanks to Randy Prothero for building this chart
When Mayor Bernard Carvalho took over for the recently deceased Bryan Baptiste, he had big shoes to fill. But Bernard is a big man. Yesterday, the Mayor 5th annual prayer luncheon had its largest turnout ever. The luncheon's theme, "Mentoring the next generation" was meant to attract youth in the community for the gathering which brings together government, businesses, and churches.
Read the full report in the Garden Island
Mayor Carvalho is the big dude on the left praying and singing
Kauai's South Side and the Poipu/Koloa areas are the most popular for vacationers and tourists. Being on the south side, it's generally warmer and sunnier, especially in a long winter like this when it has been colder and rainier than many local folks can remember. As the strongest vacation rental market, the Poipu housing market has been the most resilient. What i mean by that is that prices and values held the longest in Poipu, but as the market has been changing, Poipu has now been adjusting and there are affordable homes and condos in this most desirable area of Kauai.
I have a list of the latest pre-foreclosure and foreclosure listings for the South Side. Of the four areas of our island, this area has the shortest list probably because the owners of south shore properties represent a very affluent group of property owners.
If you are interested in the short sale/foreclosure values on the South SIde, email me and I'll send you the complete list of opportunities.
This one bedroom unit at Kuhio Shores sits right on the water adjacent to the Beach House, one of the South Shore's finest dining establishments. It is currently on the market for 50% ownership at 365,000. The unit is scheduled for courthouse auction on March 20, 2009.
When i do a search for short sales and foreclosures I check multiple sources. Our MLS has a new feature in the software that was updated on February 7th. I can click on a box marked short sale, or REO, or foreclosure and find the properties that meet these criteria. Problem is, most realtors don't seem to know it's there and how to use it. So, I use several foreclosure databases like RealtyTrac to monitor the pre-foreclosure and foreclosures.
When i search for Lihue, our main town where all the government offices are, and Costco and Home Depot, i find the largest number of foreclosures, over 100. However, most of them are at the Hilton Kauai Beach Resort and the foreclosures are from iStar, the lender whom the developer borrowed from. Out of 350 condotel units, iStar is foreclosing on 140 of them. However, there are more pending foreclosures in this district in other complexes and with single family homes.
If you'd like a list of the pre-foreclosure and foreclosure opportunities in this market, send me an email. I will forward the list of properties to you.
This short sale is right by the river, a great place for boaters, with stunning views of the mountains. Currently listed for 1.399 Million, a great short sale opportunity for a buyer who wants to be by the water in Lihue town, a convenient location for life on Kauai.
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I utilize the latest technology to offer sellers the most comprehensive and complete marketing solution on the . island. Buyers and Sellers leverage my years of experience in negotiating.
As a fulltime resident of Kauai, I enjoy the aloha lifestyle. Real Estate is a wonderful way for me to share my broad range of business expertise and technical abilities with buyers and sellers from around the world who have discovered Kauai, one of the most beautiful places on earth. Using the same promotional, negotiating and people skills I developed as a business owner, I apply those tools to create value in building long term relationships with buyers and sellers.
As a veteran entrepreneur, I understand the key components of negotiating and creating workability between parties. Whether representing a buyer or seller, my goal is to create a win-win for all parties involved.
As a sales and marketing director in the technology sector for many years, I have a breadth of expertise in promotion, video, and marketing and I leverage the industries' latest tools and trends to keep my strategies on the cutting edge. I syndicate my listings to over 25 real estate portals, and actively promote my listings on craigslist and other community sites where a wide range of people see them.
As a buyer's agent, i serve as an Accredited Buyer's Representative, a title I am proud to hold. I leave no stone unturned when working for a buyer. From searching tirelessly for the perfect property, negotiating the sale, and insuring that every concern is addressed.
I love living on Kauai and am very involved in our local community. As the President Elect of the Rotary Club of Kapa`a, our club supports many community organizations on the East side of Kauai like the Boys and Girls Club of Kapaa, Hale Ho Malu, Friends of Kamalani Playground, to name but a few and is currently involved in water projects in India, Africa and the Phillipines.
I work with our local creative arts organization, the Kauai Concert Association, bringing 9 world class concerts to Kaua`i this season. From classical to contemporary to dance, KCA brings a diverse group of talent to our small island with a mission to educate and inspire children. Each artist does an educational service event and sometimes a master class.
My sports passions are primarily golf and tennis and with two titanium knees, I am very grateful to be engaged in both. Yes, I walk my dog Samson and take him to the dog park, and swim in the ocean down at Lydgate Park, but, you'll often find me playing the links at the Wailua Golf Course or playing doubles on Saturday afternoons at the Wailua Houselots with a great group of local players who enjoy the social scene as well as the competition.
For fun, I work as a drummer in local jazz and funk venues, like Trees Lounge in Kapaa and Stevenson's LIbrary at the Grand Hyatt in Poipu. I play in the Kauai Community College Jazz Big Band, and often volunteer my time with our community theatre groups like, Hawaii Children's Theatre and Kauai Community Players.
While searching for a second home on the Island of Kauai we were referred to Ron Margolis by our local realtor. We contacted Ron by phone from Boulder Colorado and he was quick to E-mail MLS listings of properties that he felt would meet our needs. Ron also happily answered any questions and addressed any of our concerns. Upon our arrival in Kauai, Ron tirelessly showed us endless properties even though at that time Ron was recovering from major surgery. Realizing that we only had three days on island to power shop for a home, Ron would squeeze us in any time of the day or evening even between physical therapy sessions. There was never any pressure, just an enjoyable experience.
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