A very good article in tomorrow's New York Times regarding one's first vacation home. It has some interesting implications for Maui real estate. Here are the key points and how we believe they apply to Maui.:

• Rent for a few seasons before you buy-Most Maui buyers have made at least three trips to the island before they purchase
• Know why you are buying-Most Maui buyers are seeking some combination of a vacation home and a family retreat. It is all about the unmatchable Maui lifestyle.
• Second home financing is different-True, but we have some incredible financing sources locally.
• Expect hidden costs-If you are working with the right Realtor, this simply shouldn't be an issue. They should be able to show you top to bottom costs upon request.
• Plan an exit strategy-The article is talking about job transfers etc. In our experience what happens is the initial Maui purchase leads to a larger place as Maui exerts her powerful pull and folks decide to spend even more time on island.

For more thoughts contact us!