Honua Kai Resales - Must Know
Posted by Alex Cortez on Tuesday, June 14th, 2016 at 5:14pm.
Today's Question:
* I own a couple of condos at Honua Kai and now may be the time to sell. I was not aware of a transfer fee on all resales, can you explain?
That's a fair question and through conversations with multiple owners, it seems that not all owners are aware of it. Prior to building, the developer entered into a Settlement Agreement with the West Maui Preservation Association (click here to learn more about this non-profit organization), by which the community benefits by imposing a transfer fee of 0.25% of the sales price of any resales unit payable on transfer of title. Up to date (as of June 14, 2016), there have 117 resales at Honua Kai, totaling a sum of $161,483,634 with a very robust and active Honua Kai resales market ahead.
For any owners considering the sale of their Honua Kai property, contact us by calling 808.385.5034 or filling out the form below. Our objective is simple: provide all information on which decisions can be made while being remaining a strong advocate throughout the process. With experience in the Honua Kai micro-market and affiliation with Sotheby's Realty brand, we are uniquely positioned to best present your property to the world.
Specializing in Makena and Wailea real estate, Alex Cortez is fully dedicated to representing his clients ethically and diligently. Contact him at 808.385.5034 or Alex@MauiRealEstateSearch.com for more information.