Even with all the news surrounding Moana Pacific, it still stands tall and is commanding some interest
Negatives Can Turn into Positives When it Comes to Negotiating
This fabulous Fannie Mae property has yellow walls. What does yellow walls mean to a buyer? Usually, it’s a big turn off, and in my experience, buyers don’t buy yellow walls. They buy white or neutral walls, which is why this particular listing agent (not me) asked Fannie Mae to change the wall color, but they decided not to. To me (and my buyer) this is great news! Yellow walls, as much as you wouldn’t assume so, mean “let’s negotiate on price.”
A yellow room with a view
The building does have a few issues, but sometimes “bad things” in buildings could mean great things for the savvy and aware buyer, as long as they have a contingency plan if something does go awry.
I love these types of buildings, because it gives people a chance to buy something at a lower rate than normal in a semi-luxury building in a super popular area. Real estate can be risky, but it is a good opportunity for the right person.
A yellow bathroom goes well with a yellow kitchen and a yellow living room
As soon as you walk in to the unit (MLS# 1204263), you see yellow. This is the first part you see, the kitchen. This well priced unit, listed at $529,900, currently has two offers on it. It’s no surprise that people can see past yellow walls, but the most amazing part is that people can’t!
Yellow starts in the kitchen and follows along every single wall…
This particular unit is on the mountain side of the building, which is part of the reason it has a lower price. Despite the problems Moana Pacific owners are experiencing, the units are still popular in the $500,000 range. This is the smaller unit at 923 sq. ft., a two bedroom, two bath, one parking.
A few months ago, there was a parking stall available for sale for around $30,000. For the right person, this would have been an interesting buy if they could have bought the parking stall. These days, parking is King. Just remember, sometimes yellow walls mean a lemon, and sometimes…they are perfect for making lemonade.
If you or someone you know is interested in units like this at Moana Pacific, or in the metro Honolulu, I’m you’re girl. Please feel free to contact me at 808.753.7464 or email me at Caron@HawaiiLife.com. Look forward to meeting you!