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Home Buying in Keaau : Real Estate Advice

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Activity 5
Wed Oct 29, 2014
Kit Muhs & Ray Doblick answered:
Aloha Philip,
Great question. The answer really depends on your investment goals. Are you primarily looking for income? Future appreciation? Would you like to be able to use the property?
The Kailua-Kona area is a resort area, so vacation rentals can be a successful investment model -- expect occupancy rates of 50%-75% overall, depending on the property you choose. Of course, you can always rent out the property long-term as well, and this option can help buffer you from variations in tourism activity.
In the Hilo area, there are some vacation rentals as well, but the rental market is stronger for long-term. The HIlo area means a cheaper buy-in so the return on investment can be greater than in the Kona area (partly due purchase prices being lower in HIlo than Kona).
If you are not on island, you may be required to hire a property manager, so be sure to factor in this cost to your calculations.
Just as important is for you to visit Hawaii Island and see/feel both areas for yourself.
If you need more input, feel free to contact me. My office is in the Kohala Resort corridor at Waikoloa Beach Resort, but also have represented buyers on the east (Hilo) side and have strong ties to and knowledge of that area. I also have many investor clients, and understand the investor perspective.
With Aloha,
Kit Muhs R(S)
Kohala Coast Properties.
250 Waikoloa Beach Dr C-5, Waikoloa, HI
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Wed Oct 29, 2014
Kit Muhs & Ray Doblick answered:
Escrow is advisable. Because you're not using a loan to purchase the property, expect approx $1000-$1200 closing costs, more or less depending on your purchase price. This estimate includes escrow fees as well as property tax prorations, HPP transfer fee and additional charges. ... more
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Tue Sep 17, 2013
Marti Morishige answered:

Vog is the volcanic haze that is carried downwind from the two erupting sites in Volcano National Park. Right now both sites are releasing some emissions, but it can change daily so it is best to consult with the experts at Volcano National Park. Since the trade winds are flowing from east to west most of the time, the vog is flowing toward Kau District and away from the Puna District. Even South Kona and Captain Cook can be covered with vog when the emissions are heavier. A few days out of the winter months, the wind will flow from the northwest and Puna could have a few days of vog.

I am Hawaii island resident for 28 years with many visits to Volcano National Park and surroundings! I am living in the Keaau area which is in the Puna District.
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Thu Dec 3, 2009
. answered:
Have you talked to your current lender about doing a "short-sale"?

We regularly help clients with loan modifications. Loan modifications are designed to help people in two areas: (1) Those who want to KEEP their homes; and, (2) Those who want to SELL their homes. Since you are in the latter category, I would encourage to you seek modification relief so that you can sell your home for less than what you owe your lender.

If you need additional help with modification relief, please contact us at (808) 331-0585.

Kind Regards,
Andrew Meislin

Lauhala Mortgage
74-5620 Palani Court; Suite 208
Kailua Kona, HI 96740

Phone: (808) 331-0585
Fax: (808) 331-0583
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Thu Jul 31, 2008
Sandcastle808 answered:
Thanks Katie and Frank,

Yes, I'm excited, and I love the house. I don't want to stay there thirty years, but I'd like to be able to sell it in five to trade up. And Frank - you are correct it's on 31st. Appraised at $231,000. Last appraisal was at $250,000 a couple of months ago, but the comps brought it down. ... more
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