Area Real Estate News & Market Trends

You’ll find our blog to be a wealth of information, covering everything from local market statistics and home values to community happenings. That’s because we care about the community and want to help you find your place in it. Please reach out if you have any questions at all. We’d love to talk with you!

Oct. 11, 2021

VA Mortgage Loans

Re/Max Lava Luxury agent Peggy Kent successfully finds homes for veterans with VA pre-approvals. Agent Peggy just closed a home for a veteran that spent 21 years in the Air Force.

A VA mortgage loan is a military benefit that doesn’t require a down payment or mortgage insurance. However, your credit score and credit history may still affect whether a lender is willing to offer you a loan with zero down payment.

Our guide to the best VA loan lenders covers the type of loans available, a step-by-step guide to the application process, and the Veterans Affairs (VA)’s service requirements.

Our Top Picks for Best VA Loan Lenders

Best VA Loan Lenders Reviews

Veteran's United
Best for Loan Variety

 

Pros
  • 24/7 customer service
  • Borrow money to pay for energy-efficient improvements
  • No-obligation credit counseling service
  • Access to over 6,000 real estate agents
Cons
  • High fees and rates
  • In-person service in 18 states
Minimum Credit Score
640
Minimum Down Payment
$0 for qualifying borrowers

Veterans United offers every mortgage loan product available under the VA loan program — fixed and adjustable loans, IRRRL loans, cash-out refinance loans, and jumbo loans — except home equity loans and HELOCs. The lender also offers VA energy efficient mortgages, allowing veterans to borrow additional money to pay for qualified improvements like solar heating, cooling systems and storm or thermal windows.

Lender fees and rates are slightly higher than other lenders’. To get a rate quote, you can fill out an online form or call Veterans United to speak to a loan specialist. You can also check your eligibility for $0 down payment on the lender’s Complete Guide to VA Home Loan section — one of the many educational features available on the website.

Why we chose it: We chose Veterans United for its wide array of loan products, online approvals and 24/7 help over the phone.

Quicken Loans
Best Online Loan Lender

Pros
  • Fully online application process
  • Loan approval for DTI ratios as high as 60%
  • Instant employment and income verification
  • Custom fixed-rate loan terms
Cons
  • Higher fees and average mortgage rates
  • No branch offices
Minimum Credit Score
620
Minimum Down Payment
0% on VA loans

Quicken Loans by Rocket Mortgage has over 3,000 mortgage brokers available to help. Applying for a mortgage can start with either a phone call or by filling out a fully online loan application. It’s worth noting that if you choose to talk to a loan officer, you will speak to the same person throughout the loan process. Quicken’s website also lists common interest rates and loans

Quicken doesn’t offer home equity loans or home equity lines of credit because they’re a non-depository lender. However, it does offer a full selection of custom fixed-rate VA home loans through its YOURgage loan program, where you can pick any term from 8 to 29 years. For eleven years running, Quicken has also been the highest-ranked lender in the J.D. Power U.S. Primary Mortgage Origination Satisfaction Study.

Why we chose it: We chose Quicken Loans by Rocket Mortgage for its online convenience, high customer satisfaction and custom fixed-rate loan terms.

USAA
Best for Low Fees

Pros
  • Access to the USAA Real Estate network
  • No underwriting or documentation fees
  • USAA Home Learning Center
  • High customer satisfaction ratings
Cons
  • Must be a military or military spouse
  • Lacks a fully online application process
  • No cash-out refinances
Minimum Credit Score
620
Minimum Down Payment
$0 for qualifying borrowers

USAAcharges no fees, except for the VA-mandated 1% origination fee on home loans.

USAA also pays for the appraisal, title, and VA funding fee for its streamlined mortgage refinance loans (IRRRL), meaning no additional out-of-pocket expenses for its customers. The bank also offers VA jumbo loans up to $3 million.

USAA’s online platform allows customers to determine loan eligibility, upload documents, estimate how much they qualify for and get pre-approved. However, the application cannot be finalized online. This lender favors phone service and employs dedicated loan officers to guide customers through every step of the borrowing process.

Why we chose it: We chose USAA Bank for its low origination fees, quick online prequalification process and strong suit of banking products.

Navy Federal Credit Union
Best for First-Time Home Buyers

Pros
  • Low rates compared to other lenders
  • Lock in your rate with Freedom Lock
  • Real Match Guarantee
  • No-down payment home loans
Cons
  • Membership is limited to current and former military, their spouses, and certain federal employees, contractors, and retirees
  • No customized rates before you apply
Minimum Credit Score
Not disclosed
Minimum Down Payment
$0 for qualifying borrowers

Navy Federal Credit Union offers two types of mortgage products — the HomeBuyers Choice Mortgage and the Military Choice Mortgage — designed for members of the military or military families who don’t meet the minimum requirement for a VA loan or are first-time homebuyers.

The HomeBuyers Choice program is a fixed-rate 30-year loan with no mortgage insurance premiums and 100% financing. The Military Choice Mortgage has the same advantages as the Homebuyers Choice, but with special interest rates and origination fees for active-duty and veteran borrowers. In both cases, the funding fee can be waived for a higher interest rate, reducing the cash needed for the closing costs.

Why we chose it: We chose Navy Federal Credit Union for its mortgage products designed for first-time homebuyers. We also liked the lender’s consideration of alternative credit data and rate match guarantee.

PenFed Credit Union
Best for Low Rates

Pros
  • No lender fees
  • Up to $2,500 in lender credits (only applies to purchase loans)
  • Member discounts on asset protection programs, home security systems, tax preparation services, and car, life or home insurance
  • Serves members in all 50 states, Puerto Rico, Guam, Germany, Spain, Italy, Okinawa, and the UK
Cons
  • Additional fees apply to VA loans — except the lender fee
  • Alternative data is not considered
Minimum Credit Score
620
Minimum Down Payment
$0 on VA loans

As a credit union, PenFed has the autonomy to offer lower, more competitive rates for its VA loans. However, though PenFed has low rates and no lender fees, some additional charges apply, including the VA funding fee, title, appraisal, and tax services fees.

Anyone that opens a savings account can apply for a VA loan, since PenFed has an open national membership charter.

PenFed also has several conventional financing options for customers who aren't eligible for VA loans or military members looking to purchase a second home. We especially liked the educational efforts of the PenFed Foundation, a non-profit focused on financial literacy, short-term financial assistance, credit-building, and homeownership. Its assistance and resources are accessible to active-duty service members, veterans, and Wounded Warriors.

Why we chose it: We chose PenFed Credit Union for its competitive mortgage rates, no lender fees and member discounts of up to $2,500.

Veterans First
Best for Online Loan Accessibility

Pros
  • Dedicated VA loan specialists
  • Specialized in VA loans and military borrowers
  • Licensed in 50 states and Washington, DC
Cons
  • High credit score requirements
  • Rates are not disclosed online
  • No home equity loans and HELOCs
Minimum Credit Score
660
Minimum Down Payment
0%

Veterans First Mortgage stands out for its online loan accessibility. Military customers who might be deployed overseas can take advantage of their online loan application, track and upload documents, and e-sign essential papers. The lender offers both VA new purchase loans and refinance loans (IRRRLs and cash-out).

Though Veterans First rates are slightly higher than others on our list, they’re still competitive, and total loan costs tend toward the lower end of the spectrum.

General information about fees — including the VA loan funding fees — can be found on its website. Still, borrowers looking for more in-depth information regarding any of its loans must call or fill out a form so that a loan officer can get in touch with them.

Why we chose it: We chose Veterans First Mortgage for its fully online application process, which is particularly important for military members who are deployed overseas, as well as the lenders’ decades of experience in VA loan originations.

Lending Tree
Best for Comparing VA Loan Rates

Pros
  • Access to many other financial products, even debt relief programs
  • Easy-to-use mobile app
  • Partners with 1,500 potential lenders
  • Receive competing quotes from multiple lenders with a single form
Cons
  • Not a loan servicer
Minimum Credit Score
N/A
Minimum Down Payment
N/A

LendingTree is a lending marketplace that offers borrowers the chance to shop for at least three lenders and compare VA loan rates and closing costs all in one place. This comes in handy with rarer loans, such as ARMs (adjustable-rate mortgages), since using a marketplace can help you consolidate offers.

Not only is LendingTree free to use, accessing competing offers won’t affect your credit score, while still allowing you to comparison shop. With LendingTree, borrowers can get a quick idea of the mortgage rates available by choosing the type of loan, home value, down payment and inputting their credit score.

Why we chose it: We chose LendingTree for its personalized VA loan rates and easy-to-use user interface.

New American Funding
Best for Low Credit

Pros
  • Low minimum credit score
  • English/Spanish bilingual agents
  • Lends to people with "nontraditional credit"
  • Branches in 31 states
Cons
  • Not available in New York State or Hawaii
  • Loan fees and rates are not disclosed online
Minimum Credit Score
580
Minimum Down Payment
3%

New American Fundinguses manual underwriting to comprehensively look at each borrower’s financial situation, lending to borrowers with credit scores as low as 580. NAF also evaluates creditworthiness by looking at “nontraditional credit,” such as on-time utility bills and rent payments.

NAF features a wide selection of loan products, including cash-out refinance mortgages, and accepts applications in person, by phone, or online and documents can be uploaded and signed electronically.

NAF offers a 14-day closing guarantee and often works with down payment assistance programs to help customers fund the down payment and closing costs. NAF also has first-time home buyer programs. Despite this, lender fees are not significantly lower than other lenders.

Why we chose it: We chose New American Funding for its low minimum credit score of 580 and down payment assistance programs. We also liked that they have bilingual agents (English/Spanish) available.

Freedom Mortgage
Best for VA Streamline Refinancing

Pros
  • No home appraisal and no income verification for IRRRLs
  • Borrowers with fair credit may be eligible
  • Visit brick-and-mortar branches or set up online appointments
  • Online support to upload documents, provide an e-signature and track your loan
Cons
  • No home equity loans or HELOCs
  • No option to pre-qualify online
  • Requires a 3% down payment
Minimum Credit Score
580
Minimum Down Payment
3%

Freedom Mortgage offers home purchase loans, refinance loans (IRRRLs) and cash-out refinance loans to veterans with lower credit scores if they meet other financial and income criteria.

Freedom Mortgage’s VA Interest Rate Reduction Refinance Loan (IRRRL) program, also called a streamline refinance program, is also available. The benefits of a VA streamline refinance include lower rates, better terms, low funding fees, no income verification, and no home appraisal. Savings will depend on your current interest rate, the new interest rate, the closing costs and more.

Why we chose it: We chose Freedom Mortgage as one of our best VA loan lenders for its VA IRRRLs, also called streamline refinances, that include easy credit qualification, lower rates, and faster closings

Other VA loan lenders we considered

When we looked at the VA lending industry, we found that many of the biggest or most talked-about lenders didn’t necessarily offer the best products, though they might excel in other areas. Here is the list of the other VA lenders that we considered:

Paramount Bank

Pros
  • Online application available
  • No origination fee or prepayment penalty
  • 98% recommended status on LendingTree
  • Branch locations in nine states: Arizona, California, Florida, Iowa, Illinois, Kansas, Ohio, Texas and Missouri
Cons
  • No mortgages rates available on its website
  • No information on the minimum down payment, credit scores or DTI ratios

Flagstar Bank

Pros
  • Large selection of government-backed loan options in all 50 states, including State Housing Finance Agency Loans
  • Multiple online tools, including a Mortgage Information Center and several calculators
  • Wide selection of conventional loans for purchase and refinance
  • Specialty products include loans for construction and renovation, multiple properties, high balances and a jumbo adjustable-rate option
Cons
  • High number of complaints in the CFPB
  • Home equity line of credit charges an annual fee of $75

PNC

Pros
  • Posts current rates on its website
  • Home Insight® Tracker helps borrowers track and update their application
  • PNC Bank services most of its home loans
Cons
  • Mortgage application can't be completed online
  • In-person service not available in every state
  • Does not publish minimum credit requirements
  • Published rates assume a 700 credit score, and it can't be customized

LoanDepot

Pros
  • Has digital income, asset and employment verification
  • Over 200 affiliated branches nationwide
  • Proprietary software allows for a fully digital mortgage
Cons
  • Rates and fees not available online, only by speaking with a loan officer
  • No home equity loans or lines of credit
  • VA loans not a major focus
  • Loan eligibility criteria not disclosed

Guild Mortgage

Pros
  • Low credit requirement of just 580 for VA loans
  • Collaborates with many down payment assistance programs
  • Services its own loans
Cons
  • Not licensed in New York or New Jersey
  • Loan origination fees can be high for conventional loans
  • Nationwide reach, but physical branches in just 25 states
  • Doesn't disclose fees

Fairway Independent Mortgage

Pros
  • Large variety of eligible property types for VA loans
  • Offers fixed- and adjustable-rate VA mortgages, as well as VA cash-out refis and VA IRRRLs
Cons
  • Rates not disclosed online without an application with personal information
  • Not available in Alaska or West Virginia
  • Rates and fees are generally middle of the road, rather than low

Guaranteed Rate

Pros
  • Minimum credit score for VA loans is 580, though shown rates assume a score of 680
  • Online application, documentation, and loan management
Cons
  • Below industry average in JD Power's 2020 Primary Mortgage Origination Satisfaction Study
  • Limited VA loan offering
  • No home equity products

Movement Mortgage

Pros
  • Offers VA 15- and 30-year fixed-rate, VA IRRRL and VA Cash-out Refinance mortgages
  • Streamlined underwriting process
  • Allows 100% funding of the property
Cons
  • Rates and fees not available online
  • Sparse consumer education resources
  • Quick processing times don't necessarily apply to government-backed loans

NBKC Bank

Pros
  • VA loans, VA IRRRL, and VA refinance loans are a focus area for the NBKC
  • Features customized rates and fee estimates without needing to input personal information
  • Application process and loan tracking can be done fully online
Cons
  • Best for borrowers with fair to good credit - minimum credit score of 640 for VA loans
  • Home equity products and construction loans only available in the Kansas City area
  • No home renovation loans
  • Lack of transparency around fees

North American Savings Bank (NASB)

Pros
  • Considers alternative credit data in some cases
  • Specializes in VA lending
  • Ample educational resources and clearly outlined qualification requirements
Cons
  • No online resources for application or loan tracking
  • High origination fee of $995 on all home loans except VA mortgages
  • Branch network limited to 11 offices in Missouri
  • No renovation mortgages or home equity products

VA Loans Guide

How do VA loans work?

VA loans are mortgage loans issued by private lenders but guaranteed by the Federal government through the Department of Veteran Affairs. As part of the guarantee, the government will repay part or all of the loan if the borrower defaults.

VA loans also offer several benefits to qualifying military service members.

Who's eligible for a VA Loan?

The VA home loan program and its military benefits are available for:

  • Active-duty military members
  • Veterans
  • Past and present members of the National Guard
  • Surviving spouses of military personnel who died in combat

A VA home loan does not have a minimum credit score, but most participating VA loan lenders require a minimum credit score of 620. Our advice? Always check your credit report and your debt-to-income ratio before applying for a loan and improve it if you can.

For more information, read our 5 tips for getting a VA loan as well as our guide on how to remove items from your credit report.

Service requirements

Veterans and active-duty service members need to have served at least 90 days during wartime, or 181 days during peacetime. National Guard members must have served at least 90 days of active-duty service during wartime or six years of creditable service in the Select Reserves or Guard.

Once you have been deemed eligible, you must apply for a Certificate of Eligibility (COE). The COE proves to the VA mortgage lender that you meet the VA’s eligibility requirements.

Types of VA loans

The U.S. Department of Veterans Affairs offers four different loan types — (purchase loan, interest rate reduction refinance loan (IRRRLs), cash-out refinance loan, and Native American direct loan — each with its own set of requirements and limitations. Evaluate all loan options before deciding which best VA mortgage lender suits your needs.

Purchase loan

Used to purchase a primary residence, make energy-efficient upgrades to an existing home, or buy property to construct a house, purchase loans can be fixed-rate or adjustable-rate. Fixed rate loans mean monthly payments remain the same through the life of the loan, whereas adjustable-rate loans feature interest rates and mortgage payments that may change.

Purchase loans can’t be used to buy an investment home, vacation house, rental property, or a fixer-upper in need of significant repairs. The VA itself no longer places maximum loan limits, but your VA mortgage lender might. In most U.S. counties, the maximum loan amount for 2021 is $548,250 but it can be as high as $822,375 in more expensive areas.

Interest Rate Reduction Refinance Loan (IRRRL)

Designed to refinance an existing VA mortgage, a streamlined refinance can get you a lower interest rate, reduce the loan term, or go from a variable-rate to a fixed-rate mortgage.

Cash-out refinance loan

A VA cash-out refinance replaces an existing VA loan and changes its terms to take advantage of home equity. The cash-out option also serves to refinance a non-VA-backed loan into a VA-backed loan.

Native American Direct loan (NADL)

NADL is the only VA loan that is managed and funded directly by the government entity. Veterans who are Native American (or whose spouses are Native American) are eligible for this loan. It can be used to buy, build, or improve a home on federal trust land.

As of July 1, 2021, there is no limit to the amount of money that can be borrowed with this program (aside from the limitations imposed by creditworthiness, DTI, and general Fannie Mae/Freddie Mac conforming limits, though borrowers can access higher limits if they choose to make a down payment).

How do you choose the right VA loan?

When shopping for a VA loan, consider the advantages and disadvantages of this type of loan. For example, although VA loans offer lower interest rates than a traditional mortgage, they are not necessarily the best choice for buying, improving, building, or refinancing rental properties. Read below to find out more about the pros and cons of VA loans.

Advantages of VA loans

  • Lower interest rates and credit score requirements than required for conventional loans
  • Higher chances of approval despite high debt amount
  • No down payment, meaning fewer out-of-pocket costs
  • No need for private mortgage insurance (PMI) or mortgage insurance premium (MIP)
  • More lenient refinance options than conventional loans
  • Access to mortgage relief options like mortgage modifications or a forbearance period

Disadvantages of VA loans

  • Lenders may have additional requirements for homebuyers since the VA only covers up to 25% of the county loan limit should the borrower default (minus the amount of entitlement that’s already been used)
  • Closing costs aren’t covered
  • The VA funding fee is non-negotiable
  • VA loans may exceed the market value of the home after adding up the funding fee
  • VA loans cannot be used for rental properties
  • The home must pass VA safety requirements, including inspections for termites, water quality, and more

Choosing the Right Lender

When shopping for a VA loan lender, we recommend the following steps.

First, choose a lender that can address your economic needs. If you’ve had financial trouble in the past, focus on VA lenders with lower credit minimums. Second, get prequalified, as this lets you know if you’re eligible for a VA loan and how much you can borrow with the lender. Finally, compare quotes from at least three different companies, since this lets you see how much you’d be spending if you committed to a specific lender.

VA loan terms, rates, monthly payments, and closing costs vary significantly from provider to provider, so having multiple quotes can help you choose the one that hits all your financial goals.

Key takeaways:

  • Choose lenders that work with your economic needs in mind
  • Get prequalified
  • Compare quotes from at least three lenders

How to apply for a VA loan

After confirming eligibility for a VA loan, take the following steps to apply:

  • Gather the information you need to apply for your Certificate of Eligibility You can apply online through your lender using a WebLGY system, or by mail by downloading a VA Form 26-1880
  • Submit your loan application. The lender will request a VA appraisal of the house. The lender reviews the appraisal and your credit income and decides if they accept your loan application
  • Apply for your COE and contact your state’s regional VA loan center to start the process directly with the government, in the case of Native American Direct Loans.

Once your lender accepts your application, they'll work with you to select a title company (or entity) to close on the house.

If you have any questions that your lender can’t answer, please call your VA regional loan center at 877-827-3702. You can also watch a video about VA home loans and how to apply.

What are the costs associated with VA loans?

The VA Funding Fee is an upfront mortgage insurance provision added to the mortgage amount. The fee can range from 1.4% to 3.6% of the loan, but the exact percentage will depend on the down payment, loan type, and whether it is your first time using a VA-backed loan.

The funding fee is added to the mortgage amount and can be either financed over the term of the loan or paid upfront at closing. It may be waived for veterans on a service-related disability or active-duty service members who can prove to be Purple Heart recipients at closing time.

Other closing costs associated with VA loans include:

  • Real estate commissions
  • Brokerage fees
  • Loan origination fees
  • Discount points
  • Appraisals
  • Title fees

VA mortgage lending rules allow a property seller to make “seller’s concessions," that is, contribute to the veteran’s closing costs for up to 4% of the total loan amount. The veteran can also cover closing costs through a gift from a family member.

To help calculate how much you'd pay for a new mortgage, check out our mortgage calculator.

If you're looking into refinancing, our mortgage refinance calculator can give you an idea of how much you'd pay.

VA Loan mortgage rates

Mortgage rates for VA loans are typically lower than conventional mortgages and even FHA loans. However, interest rates are set by private lenders, not the federal government, and are subject to daily market fluctuations. Rates will also vary slightly for each VA loan type (fixed, streamline, cash-out and jumbo) and term (15-year or 30-year).

As of October 2021, the VA loan mortgage rates from some of our featured lenders range from 2.519% to 3.834% APR. Many lenders list their mortgage rates online, but others give you the option to file for an online quote or contact one of their representatives for more information.

 

**This article is from a currently published article at https://money.com/best-va-loans/

Posted in VA Lenders, VA Loans
Aug. 2, 2021

Avoiding the “ah-ah’s” in Property Management

Avoiding the “ah-ah’s” in Property Management

“A’a , pronounced “ah-ah” is spiny surfaced lava as opposed to the smooth surfaced pahoehoe.
Walking on “A’a Lava with bare feet is not an experience that you want to repeat.

A successful property manager is one who applies best practices and feedback in managing your property. Avoiding the “ah-ah’s” which adversely impact clients and/or guests is key to building trust and the flow of guests. This will be an ongoing series where helpful tips are shared to improve the overall experience.

Tip #1 – The importance of a prearrival walkthrough – Guests are expecting cleanliness, comfort, and convenience at the vacation rental they have dreamed of. Clients are entrusting you to deliver a positive guest experience which will result in a great review, referrals, and potentially a return visit. We all know that a negative first impression is difficult to overcome.

A successful property manager ensures that the property is clean, that it is staged and stocked appropriately, and that systems are in working order.

  • Ensure that the lock box is operating and that the key is not missing and guest keys are available.
  • Check the overall cleanliness and appearance of the unit and address any issues. Sometimes time constraints put pressure on cleaners and areas get overlooked as they move onto their next job. Ensuring the bathroom and kitchen do not have any open issues is key. Some of the common things overlooked are dishes left in the dishwasher, laundry left in the washer or dryer, lint left in the dryer lint trap and food left in the refrigerator. Ensure the coffee machine is clean and that the trash was removed and new bag(s) are in place. Toilet paper and paper towels should be new and not leftovers from the previous guest. Also, checking the bureau draws and under beds for any hidden surprises.
  • Guarantee that all systems are a go.
    • In our tropical environment, it is key that the Air Conditioning unit is in working order, the ceiling fans are working, and that there are backup fans in case of an emergency.
    • Make sure that the ice maker is operational and ice is readily available.
    • Televisions many times need to be reset to cable since guests use smart TV’s for a variety of needs like gaming, streaming services, and viewing their photos from island adventures.
    • All lights should be working and not need replacement bulbs.
    • Remember, it is always better to point out any known issues to the guests which are waiting for the next service window.
  • Lastly, welcome books should be up front and center with codes, contact information,instructions, maps and favorite activities. A welcome gift and note always sets the mood.
July 20, 2021

The Big Island is Blooming

The Big Island is Blooming with the Hawai’i Tropical BioReserve & Garden announcing new hours/open on the weekends

Effective July 10th, the Hawai’i Tropical BioReserve & Garden located at 27-717 Mamalahoa Highway Papaikou, HI announced that they are open from 9 to 5 daily including weekends. Touring the garden is truly a magical experience with a meandering stairway and path through the tropical garden with thousands of exotic plants from the island and beyond.

It is truly a unique experience, and you can revive yourself in the fresh air and tranquility taking in natures’ beauty. The secret garden includes some of my favorites from Lobster Claws and Bird of Paradise to varieties of Ginger, Heliconia, and Naupaka Flower. The path leads you on a journey to Onomea Bay along the Hamakua coast where Hawaiian legend of love and days gone by are posted to inspire you.

Hawaii has 10 of the world’s 14 climate zones and the Hamakua coast is designated in the humid tropical climate zone, so remember to bring an umbrella and come enjoy a memorable day with the last entrance at 4 pm.

July 20, 2021

Our Homes & Land Featured Ad

We were featured in this month's homes and land magazine. Even in the midst of a pandemic lots of folks still want to move to Hawaii and build their dream home. We need building lots!

Posted in Lava Luxury News
July 13, 2021

Kings' Shops at Waikoloa Beach

Enjoy Legendary Shopping & Dining

Location! Location! Location!Waikoloa Beach

Kings' Shops located in the beautiful Kohala Coast is the spot for all of your shopping and dining needs. With a vast selection of premiere dining and shopping options - the possibilities are endless! "Enjoy Legendary Shopping & Dining"

Did we mention that they also host some of the best events on the island? Check out their calendar today to see what's coming up!

There are so many great things happening for people of all ages at the Kings' Shops that you don't want to miss! If you want to be even more up-to-date with what's happening in Waikoloa, join the mailing list today for live updates!

Check out their most recent publications here!

A Gift of Love

Hawai'i Colorful Pa'u Riders

 

Posted in Market Updates
July 13, 2021

Optimize your vacation rental investment leading to financial freedom

turtleJuly 4th is a significant day in American history when we gained freedom from British rule declaring our independence. This date is also significant for 2 year old baby green sea turtles or honu who are released from captivity from the ponds at the Mauna Lani deemed healthy to venture into the ocean in what the Big Island refers to as “Turtle Independence Day.” With 20,000 to 30,000 visitors flocking to the Hawaiian Islands on a daily basis, are you optimizing your investment property to gain financial independence. Below are some suggestions:

  • Delight your guests by ensuring that you have addressed their top needs:
    • A clean, shining property
    • Easy instructions for access, use, and checkout of the property
    • Well-appointed kitchen and laundry facilities
    • Comfortable beds, linens, and towels
    • Beach gear and guidebooks
    • High speed Wifi, Cable TV, and Streaming Services
    • Air conditioning and Fans
    • A local contact to quickly address issues that may arise
  • Set guest expectations through a welcome book with instructions and exit checklists which help maintain your property and lower costs.
  • Charge appropriately for the number of guests, for early and late checkouts, and for minimum stays.
  • Charge back expenses to guests for concierge, cleaning, etc. and ensure they are competitive rates for the experience that you are providing.
  • Form action plans from guest feedback and regular maintenance suggestions to protect your investment
  • Partner with the RE/MAX franchise providing your property exposure in 120 countries around the world through 130,000 agents and connected to VRBO and Airbnb
  • Stay ahead of the competition by utilizing a trusted property manager aware of the ever-evolving vacation rental market bringing innovative ideas to differentiate your property. On the Big Island, hotels have increased their booking charges which should translate to higher prices for your property where demand is outpacing supply.
  • Establish a direct RE/MAX referral channel to cost you less. Provide a property business card to bypass booking pass through costs

Honu are symbols of good fortune in Hawaiian folklore and provide a connection between people, land, and the sea. Lava Luxury Realty wants to be your island connection and bring you good fortune!

Posted in Market Updates
July 31, 2017

Curious About Local Real Estate?

Receive the Latest Local Market Stats

Curious about local real estate? So are we! Every month we review trends in our real estate market and consider the number of homes on the market in each price tier, the amount of time particular homes have been listed for sale, specific neighborhood trends, the median price and square footage of each home sold and so much more. We’d love to invite you to do the same!

Get Local Market Reports Sent Directly to You

You can sign up here to receive your own market report, delivered as often as you like! It contains current information on pending, active and just sold properties so you can see actual homes in your neighborhood. You can review your area on a larger scale, as well, by refining your search to include properties across the city or county. As you notice price and size trends, please contact us for clarification or to have any questions answered.

We can definitely fill you in on details that are not listed on the report and help you determine the best home for you. If you are wondering if now is the time to sell, please try out our INSTANT home value tool. You’ll get an estimate on the value of your property in today’s market. Either way, we hope to hear from you soon as you get to know our neighborhoods and local real estate market better.

Posted in Market Updates