Selling a Home or Condo on Maui

When it comes to selling your Maui property, many factors need to be considered, from the market conditions to marketing your property. Here are some tips to make your real estate experience as smooth as possible. Also, you'll want to understand DocuSign and Syndication, two technologies that allow you to sign documents electronically and save a great deal of time. Once you've considered these factors, you're ready to sell your Maui property!

Market conditions

The market is still cooling down slightly from earlier this year. The overall number of homes for sale on the island remained below normal despite an increase in inventory. In March, there were only two dozen single-family homes on the market, which was down from a year ago. Condominiums are faring even better. They were on the market for 127 days versus 77 days in March.

Marketing your home

If you're Selling a home or condo on Maui, there are a few things you should do to make the process as seamless as possible. One way to make your property look its best is to clean it up. Make sure all personal items are put away and clutter is minimized. Consider staging your property to create an open and inviting look. This will increase the chances of your home being sold quickly and for top dollar.

DocuSign

If you're selling a home or condo on Maui, you're probably familiar with the advantages of DocuSign for signing documents. DocuSign allows you to electronically sign a contract that is just as legally binding as one signed on paper. When you use DocuSign, you can sign your documents from anywhere in the world. It's easy to do, and you can avoid a lot of paperwork. But, before you use DocuSign, you need to ensure you're fully aware of its limitations.

Syndication

The real estate syndication process begins with the formation of a legal entity. The developer of real estate sells various classes of shares to the participants. Each class of shares carries specific rights and responsibilities. These rights and responsibilities determine how the invested capital will be returned to the investors, as well as how the cash-flow and profit generated from the project will be distributed to shareholders. In most cases, a syndicator is paid a percentage of the property's rent.

Cost of doing business

Cost of doing business when selling a home on Maui can be high if you're not aware of what you're getting into. For example, if you're selling your house, it will likely cost you thousands of dollars. While this fee varies depending on location and price, you can expect it to run about 6% of the final sale price. Agent commissions are usually disclosed when you sign the listing agreement, but they're deducted from the final sale price.