When is the right time to buy? We get asked that question more than any other one.
There is no one answer that fits everyone and in every situation; however, in general, here is how we feel. If you are buying for the long term, i.e. 5 years or more, we believe that you'll be very happy that you took the plunge some time within the next 12 to 18 months.
We are not saying to jump in to just anything, but be prepared to act quickly when the right deal comes along.
Of course, we can't guaranty you'll be buying at the very bottom of the market; however, we do know from past experience that those who try to time market bottoms often ended up missing the big ride that follows after deep cyclical downturns.
Here is a partial list of properties that we feel might be bought at substantial discounts.
Ukumehame Vacant Lots
Bak North Development Property in Makena
Black Sands Beach Luxury Home
Maui Land & Pineapple Vacant Land
Maluaka Lots
Makena Resort
Prices range on the above properties will most likely end up in the range of $500K to 200 Million. Of course, we will also be happy to help you find other properties in lower price ranges or that more specifically match what you might be looking for.
Have a wonderful week.
Mahalo Nui Loa,
The Smith Team
P.S. Although it has been a challenging year for most Realtors® here on Maui; we have been fortunate enough to close $11 Million so far this year with over $7 Million currently in escrow. We want to thank all of our loyal clients for your continued support and referrals.