Posted by Ron Margolis, RA, ABR on March 16th, 2010 |
Tags: Condos, For Sale, Foreclosures, Hawaii, Homes, Kapaa, Kauai, Kilauea, Lihue, REO, Short Sales
The last two weeks have seen a lot of auctions for Kauai foreclosures postponed on the courthouse steps.
View all Kauai Foreclosures →
Here are the latest list of Kauai Short Sales and Kauai foreclosures for the last two weeks.
Sub $100K Kauai condo without kitchen.
1) Listed at $75,000, Unit 126 (MLS# 232544) at the Kauai Beach Resort is in building 1 with an ocean view. Many people are attracted to a Kauai condo at the sub $100,000 price. It’s crucial to know that this unit is a hotel room and does not have cooking facilities. It DOES however have consistent revenue as the Kauai Beach Resort is a wonderful place to stay and vacation.
This is one of the lesser priced homes on Kauai’s eastern shores.
2) This small home on Puka St. (MLS# 232705) on the northern end of Kapaa is not quite a short sale but for an offer under $220,000 it will most likely become one. Read entire post →
Kailua-Kona Real Estate has not had this kind of deal in many years!
Incredible quality and views from this Kailua-Kona home (MLS# 231352).
Previously on the market for $799k. Now a Bank owned REO!
Price: $449,900 (-$350,000 or -44%) Read entire post →
Posted by Ron Margolis, RA, ABR on March 16th, 2010 |
Tags: First Time Buyers, Foreclosures, Hanalei, Hawaii, Kapaa, Kauai, Koloa, Lihue, Poipu, Princeville, REO, Short Sales, Wailua
Time is running out for the extended first-time homebuyer’s tax credit.
Join the experts from Wells Fargo Home Mortgage, Title Guaranty Escrow, Hawaii Life Real Estate, and 101 Financial who are co-sponsoring four free first-time homebuyer seminars on March 22, 24th and 26th and the following week on April 1st. Register online →
Sometimes when buying a first home, home buyers can get overwhelmed by the paperwork and the process. By attending this seminar, you ‘ll get a great head start on understanding this process of home ownership and acquire the knowledge that will help you be more confident when purchasing. Attendees are suggested to bring a notepad to take notes, and there will be plenty of handouts for each of the seminar participants sponsoring the event.
Learn
Our group of presenters will tell you what you need to know and help you avoid an potential scam that may come your way. Read entire post →
Posted by Lori Owens, RS on March 15th, 2010 |
Tags: Big Island, First Time Buyers, Foreclosures, Hawaii, Honolulu, Kauai, Lanai, Loans, Maui, Molokai, Oahu, Short Sales
You might be wondering, “have we hit ‘bottom’”?
I am sure this question has been on the minds of many prospective buyers. Pardon the expression but it is a “scary” market out there if you are not informed. I hope this article will relieve some of your concerns and answer some of your questions about Hawaii’s current real estate market.
Between the changes in the lending guidelines, the negative media blast about how the U.S. housing market is at its all time worst with no way to recuperate and a short supply of housing inventory, no wonder prospective buyers could easily be scared off. The good thing is that it doesn’t have to be this way. A little knowledge can go a long way…
Qualifying for conventional loans is more stringent.
- Lenders are looking more closely at appraisals, and who chooses the appraiser has changed.
- The debt to income ratio has decreased from 60% to 45%.
- Larger down payments are required.
Fortunately, you have alternatives, one being private mortgages. If you have any family members, distant relatives, friends or acquaintances that have money in a savings type account they are most likely making no more than 3% interest in this market. They could be making 5-7% interest as a private mortgagee.
Another alternative is FHA financing, if you qualify you may only have to pay as low as a 3.5% down payment with lower closing costs and possible easier credit qualifying. Go to www.hud.com or www.fha.com for more information.
Beautiful 2 bedroom/2 bath oceanfront condo located at 75-6106 Alii Drive (MLS# 231993)
Read entire post →
Posted by David Buck, R, BIC on March 15th, 2010 |
Tags: Ewa Beach, Foreclosures, Hawaii, Kapolei, Oahu, REO, Waianae, Waikiki, Waipahu
RealtyTrac’s latest numbers are out for February of 2010
As foreclosures continue to rise on Oahu, there will be more and more REO’s or lender owned properties coming back on market. Once properties are listed as an REO, they are typically priced well and sell fast.
Oahu REO Galleries
Oahu single family home REOs →
Oahu Condo REOs →
Ewa Beach and Kapolei have consistently been at the top, as they were in January and in 2009. Read entire post →
Posted by Jeremy Stice, R(S) on March 12th, 2010 |
Tags: Condos, For Sale, Foreclosures, Hawaii, Homes, Kahului, Kihei, Makawao, Maui, News, Pukalani, REO, Wailuku
The last 3 months have seen some serious bidding wars on properties across Maui, especially in starter homes in Kahului, Kihei, Wailuku, Makawao and Pukalani.
Maui starter home under $500K → | new Maui development projects under $600K →
As bank owned REO homes (foreclosures) come on the market, there can be immediate multiple offers. Many of these properties end up closing as much as 10% over the original asking price.
Our personal experience attests to this trend as we’ve successfully closed 4 of the 5 transactions where we represented a buyer competing against 5-20 other buyers on each respective property. Read entire post →
Posted by Ron Margolis, RA, ABR on March 4th, 2010 |
Tags: Condos, For Sale, Foreclosures, Hawaii, Homes, Kapaa, Kauai, Land, Lihue, Princeville, REO, Short Sales
The latest two weeks of new listings on Kauai feature something old and something new.
View all Kauai Foreclosures →
My new listing of 10.8 acres on Kuamoo Rd. offer a superb opportunity for a developer.
Zoned R-2, 2 homes to an acre, this is an opportunity for a smaller subdivision or CPR. Let me know if you need a preliminary map or topo of this property. Read entire post →
Posted by Pat Strausse, R on February 22nd, 2010 |
Tags: Big Island, Foreclosures, Hawaii, Honolulu, Kauai, Lanai, Maui, Molokai, News, Oahu, Sales Stats
12 percent of Hawaii homes are in foreclosure or threatened by foreclosure.
One of yesterday’s front page stories in Honolulu’s Advertiser was a new report on foreclosures in the country and where Hawaii is ranked.
As reported, a new mortgage industry report shows that more homeowners in Hawai’i fell behind on their loan payments last year, suggesting that foreclosures will continue to rise this year. At the end of last year, 4.5 percent of the loans statewide were in foreclosure, and an additional 12,182 mortgages, representing 7.3 percent of the market, were delinquent but not yet in foreclosure.
A sweet REO house (MLS# 230165) listed for $179,700
Read entire post →
Update: View all Kauai foreclosures →
Here are the latest Kauai REO Listings that are either bank-owned (REO) or short sales (requires approval from all lien holders) for the first 18 days of February. Read entire post →
Having concentrated on listing foreclosed properties for the past few months, I am so happy to be working with buyers again! They are such happy people. And fascinating! The diverse personalities and backgrounds make each experience one of mind and heart expansion.
Recently, the buyers that I have been assisting are looking for pure value for their dollar. Of course, REOs (foreclosures) offer the best bang for the buck. Purchasing a house for half of it’s previous sales price is like finding gold for the buyers. The Big Island real estate market, with our limited land area and resources, will likely rebound and today’s buyers will find themselves with a great advantage because of current price points. Did you know that on the Big Island only 37% of the land is actually available to be owned by private ownership? The balance being held by the government. Read entire post →
