Things to Keep in Mind When Purchasing Maui Property, Part 2

Are you unsure what to expect when buying property on Maui?

Here are three things you should keep in mind when purchasing property on Maui:

There are multiple property types.

Maui features condo, single family home, land, investment property, and interval ownership types. While condos and homes may be straightforward, what you can do with land depends on the zoning, investment properties can allow for short-term rentals and require management, and every interval ownership has its terms and conditions. An agent can make sure you understand the requirements for each property. 

There are two types of land tenure.

There are two different forms of land tenure in Hawaii - leasehold and fee simple. If your property is fee simple, you own the property and the land it sits on, similar to real estate on the mainland. If your property is leasehold, however, you own the property but not the land and must pay the landowner lease rent. Also with leasehold, there‘s no guarantee the landowner will renew your lease at the end of the term.

What does financing look like?

We recommend getting pre-qualified with a Hawaiian lender rather than a bank on the mainland to make the process easier.  Sellers on Maui are more comfortable accepting from an offer based in Hawaii. Getting pre-qualified is the first step in owning a property in Hawaii if it is not a cash deal.

You’ll want to:

1. Contact your agent and they can connect you with several lenders, mortgage specialist to start the pre-qualification process. 
2. Fill out a loan application, get pre-qualified and eventually pre-approved
3. Once you are pre-qualified and know the amount, we can set you up to receive listings within your price point so you don’t miss out on any potential dream properties.

Find Beachfront Homes for Sale with a Maui Real Estate Agent!

Robyn and Mark can prepare you for the entire home buying process and educate you along the way! They're available 24/7 to answer any questions and can make what seems like an intimidating process simple, easy, and quick.

To start searching through Maui beachfront homes for sale, fill out a contact form or call (808) 757-8053.

Maui Upcountry, Wailuku, and Kapalua

Need a refresher on the splendor of Maui?

If you’re looking for Maui real estate, check out listings in these three stunning locations!

Upcountry

Upcountry in Maui refers to the upper slopes of Haleakala. The vibe here is a slower, more rural way of life, just as one would imagine the Hawaiian countryside. This doesn’t mean that there’s nothing to do—the area includes Haleakala National Park, as well as a few small towns, plenty of local farms, and lots of opportunities for hiking and ziplining. For those looking to embrace the country lifestyle, Upcountry is the place to be!

Wailuku

Located at the mouth of the lush Iao Valley, Wailuku is a quaint, history-rich town near the West Maui Mountains. In 1790, King Kamehameha defeated Kalanikūpule of Maui and Oahu to unite the Hawaiian Islands in the Battle of Iao Valley, which occurred in Wailuku. In the 1800s, Wailuku became the monarchy’s center. Even today, Wailuku houses Maui’s federal, state, and county buildings. Maui’s main hospital is located here as well. Wailuku is the place to be if you’re looking for history and institution!

Kapalua

Kapalua is a small, refined town in the north west region of west Maui Island. This perfect getaway is one of the most refined areas on the island, perfect for those wishing for luxury and relaxation. While Kapalua leaves all the tacky tourist shops and attractions to its neighboring cities, it’s a hot spot for those who love to be surrounded by tropical beauty.

Let Robyn Curletti Help You Browse Maui Oceanfront Homes for Sale

Is 2024 going to be the year that you finally buy or rent property on Maui?

Maui Luxury Team can help! Whether you’re looking for a permanent home or rental, they can help you find Maui oceanfront homes for sale. To talk to a realtor with an Accredited Buyer’s Representation Designation (ABR) and Certified Residential Specialist Designation (CRS), call 808-757-8053 or submit a contact form here.

Wailea and Kihei

Is 2024 the year you finally move to Hawaii?

If so, you have lots of breathtaking options! Here are two iconic Maui locations:

Wailea

Wailea, which was named after the goddess Lea, was once a designated fishing town for Maui locals. Wailea literally translates to “water of Lea,” who was the goddess of canoe builders. What once was an area full of people fishing for their living is now a beautiful tropical resort area that brings tons of people to its shores! Wailea is full of warm, sandy beaches, clear blue ocean waters, and bright green golf courses, the perfect mix of activity and relaxation.

Kihei

Once upon a time, Hawaii’s royalty would gather in Kihei. The area follows the coast, making it easy to spot Maui’s neighboring islands against the famous Hawaiian sunset. With six miles of sandy white beaches and clear blue water, this southwest Maui area is full of vivid, colorful scenery. Kihei homes are the perfect place for catching some unforgettable sights!

Let Robyn Curletti Help You Browse Maui Oceanfront Homes for Sale

Is 2024 going to be the year that you finally buy or rent property on Maui?

Maui Luxury Team can help can help you find Maui oceanfront homes for sale. To talk to a realtor with an Accredited Buyer’s Representation Designation (ABR) and Certified Residential Specialist Designation (CRS), call 808-757-8053 or submit a contact form here.