Here Is Everything You Need to Know Before Investing in A Property in Maui

Is it your long-time dream to buy a property in Maui, Hawaii? Have you been looking for information on various types of real estate in Maui? You have come to the right page. Today, in this article you will find everything you need to know to make the best possible real estate investment within your range and budget.

 

Whether you are looking for something as spectacular as golf estates or condos in Wailea for sale or if you are considering investing in something humble as vacant land or single family home in Maui, one and only placing you should go is Maui Elite Property. You can visit their website here https://www.mauieliteproperty.com.

They are the most comprehensive online resource for searching Maui real estate that when you come here it is most likely that you will find the perfect property that exactly matches your need and search. The man behind this real estate website is the brilliant individual realtor Evan Harlow.

Evan personally curates all the information that goes into his website and he makes sure that you get all information about each property listed for sale. This is why he is rightly called the realtor in Maui who always goes that extra mile for his clients. When you visit his website and experience the neat and clean interface you will have more things to discover.

Things you should know before buying a condo in Maui

Just like in case of buying any property, you would of course check for all the basic details and this goes without saying. Apart from all the basic information about the particular property, here are few things that you need to know as well, when you covet to buy a condo in Maui.

  • Maintenance fees, also called as AOAO fees – The condominiums in Hawaii will have an association of owners called AOAO; Association of Apartment Owners, who run and maintain the condominium complex. You pay the AOAO the maintenance fees, you share some responsibilities and you get to enjoy extra benefits too.
  • Rental management – Generally people invest in condos in Maui expecting some rental income as a return on their investment. This can be managed directly by the owners or can legally sign up with a rental management company or agent.
  • Leasehold versus fee simple – The two major types of condos ownership in Hawaii are fee simple where you own the land and your apartment and in leasehold you own your building alone and pay rent to the land owner.
  • Buying condos on finance – If you plan to finance a condo in Hawaii, you should contact a licensed lender in Hawaii. The application and other procedures could be carried out over email. Even if your application for the financing gets approved, it is best to be prepared to pay a down payment of 30% of the property value.

Well now that you know this information and you know where to find the best Maui property listings, what are you waiting for? It is time to realize your dream now.

 

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