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 Heidi White, R(S) on March 9th, 2010 |
Tags: Big Island, Deals, For Sale, Hawaii, Kailua Kona, Kaloko, Kona, Luxury, REO
Previously on the market for $1.3 M. This Kona REO (MLS# 222641) is now listed for $869,000
PRICE: $869,000 ($-80,900)
ASSESSED VALUE: $1,109,000
If your not familiar with Kaloko Mauka, it is at a higher elevation above Kailua-Kona with lush cool climate. Here is a beautiful, custom luxury residence nestled in 5 acres of Ohia trees, Hapu ferns and lush Hawaiian foliage…a quiet forest setting. 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 →
Here is our bargain Kona luxury home for the 1st week of March.
With a $1.5 M mortgage when built in 2006 this home (MLS# 231439) is now listed now as a Bank Owned REO at $855,000.
“Ke Alohi Kai” is one of the Premier Oceanfront Gated Developments in the Heart of Kailua-Kona and the “PINEAPPLE HALE” stands out as a Jewel!
PRICE: $855,000 ($-44,900)
ASSESSED VALUE: $1,181,100
Read entire post →
Posted by Kevin Spaise, RS on February 26th, 2010 |
Tags: Homes, Loans, Maui, REO
If it’s been awhile since you shopped for property, brace yourself for some changes—not just in the shopping stage, where REOs and short sales definitely bear consideration, but also in securing your financing.
What worked in the past may or may not work in the present, with new guidelines in place and more distinctions between lenders and their individual requirements. But sometimes a little creativity, or even a few more phone calls can go a long way.
I’m working with a very successful investor client, who has weathered our current storm with a buying strategy that I’d call cautiously aggressive. She has eight properties in three states, and has timed her purchases not with the market, but by the individual deal. She put between 20 and 80 percent down on each, ignored the sirens sung by ARMS and other programs she calls “foolish” (her words, not mine), and made her money on the buying side. She has a positive cash flow on each of them. 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 →
Yesterday’s front page of the Star Bulletin read Foreclosures Up 286%. Hawaii dropped from our worst ever ranking of 10th nationally to 11th in January. In December, Ewa Beach led Oahu in foreclosures. However this month, Kapolei surpassed Ewa Beach (now 3rd in the state) and Kailua-Kona (ranked 2nd) on the Big Island. Read entire post →
These are great times to be shopping for deals on full time residential Maui condominium properties, where prices are usually significantly less than comparable projects zoned for short-term (nightly/weekly) rental.
North Kihei’s Kai Makani – no short term rentals, but long on value at $389-500K
Although these properties don’t offer the flexibility or return of condo-tel styled properties, they do permit full-time rental, and often reflect the pride of ownership associated with any high-percentage owner-occupant property.
Buyers working with target prices of as little as $150K now have a surprising array of options. Not all of them are at the larger north Kihei apartment-styled properties like Southpointe (MLS 336060) or Kihei Villages (MLS 341139), where REOs and short sales dominate activity. Read entire post →
Update: Check out the latest Kauai REO and Short Sale List →
Twelve new bank-owned Kauai listings this first week of February. Here are a few of them that are attractively priced. For some of these condos, with an all cash purchase, a positive cash flow is becoming more feasible.
Bank Owned #1
Plantation Hale K-8, Kapaa
1 bedroom 1 bath condo on Kauai’s Coconut Coast. The price is $130,000. The bank is marketing the property occupied. The buyer must agree to purchase this bank-owned property occupied and continue or do their own eviction. Owned by GMAC. Read entire post →
