Davids’ Big Island Mauna Lani Real Estate

March 13, 2008

Mauna Lani Resort – Expert or Fan?

Filed under: Updates — David C. Swanson @ 2:15 pm

I was chosen to write this blog on Mauna Lani Resort and immediately became an expert – I mean, surely they wouldn’t let anyone but an expert write about the resort, right? Well, I’m a little uncomfortable with that perception. I’d be surprised if you could find a true expert on Mauna Lani – there is just too much to keep track of. Let me see, there are two resort hotels, two golf courses, seventeen residential living options – including condos and single family homes, the Advantage Program, the Beach Club, the Spa, The Shops…..you get the idea – there’s a lot of stuff! I’ll be exploring the resort in the months to come and I’ll attempt to give you a feel for what it’s like but I must warn you that the information won’t be objective. It can’t be because I’m not objective, I’m biased. I admit it, I’m a blatant and unapologetic fan of Mauna Lani!

Since I brought up the fact that I am biased, let me start off by addressing one of my pet peeves. It is the media reporting on the current real estate market. It is, for the most part, misleading. Right now our market is pretty bland. Properties are selling, the bottom is not dropping out of the market despite what you might read in the headlines. A recent newspaper article, reporting on market performance for the Big Island as a whole, indicated that the median price for homes went up in 2007. I promise you that, if you had read all of the real estate articles in the same paper for all of 2007, you’d be asking yourself “How can that be?” Most of the reporting has been of the “gloom and doom” variety. Apparently, “gloom and doom” sells papers – accuracy, not so much. What has happened is that the market has slowed, the number of sales is way down pretty much across the board. But a slower market doesn’t mean it is a bad market – it’s just not as energetic.

Some Buyers are showing up, having read all of the newspaper articles and seen all the reports from the “talking heads,” ready to make a killing in Hawaii real estate. Then they find out that there aren’t hordes of Sellers desperate to give away their properties. When they figure that out they’re not quite sure what to do. What they need to do is find the best “value” instead of looking for the best “deal.” There are a lot of “value” posibilities in this market and a good real estate agent will be happy to help you find them. But the Buyers must act in order to secure the “value.” And everyone needs to remember that greed is the big “deal killer.” Some people feel the “best deal” is the one where they get everything they want and the other party caves in on every issue. It has been said the “best deal” is the one where neither party is completely happy at the conclusion. Actually, I think there is something to be said for the “best deal” being the one that gets done!

As we progress, I’ll get into market trends, property profiles, restaurant reviews, you name it – and, in fact, I wish you would. Please give me your questions and suggestions. I’ll try to answer the questions – my research will make me more of an “expert” – and comment on the things that are important to you.

Robert D. “Bob” Hudspeth R(S)
Coldwell Banker Maryl Realty at The Shops at Mauna Lani
(808) 989-1958 Cellular
r.hudspeth@yahoo.com

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