Hawaii Life has a highly experienced, statewide team of real estate agents and brokers who specialize in REO bank-owned properties. With decades of combined experience, they’ve been selected by Asset Managers at major lending institutions to market and sell bank-owned properties on all major islands in Hawaii.
Our REO bank-owned team’s chief advantages include access to Hawaii Life’s superior marketing capabilities, with an in-house creative team focused on producing results for our clients.
In addition, our REO bank-owned team of specialists belong to a statewide network of more than 400 agents – each with their own personal network of potential buyers looking for Hawaii properties to purchase.
Finally, our team has a deep bench of experience in navigating REO sales transactions from both sides, making them well equipped to negotiate on behalf of buyer clients or Asset Managers.
Because REO properties are assets that banks and lenders have acquired through foreclosure, they are often in need of repair and maintenance. “REO properties are often high-risk, high reward purchases for buyers,” noted JJ Leininger, one of Hawaii Life’s brokers who specializes in these types of properties.
JJ speaks from experience. In 2011, Assets Managers assigned 100 bank-owned listings to her, making her the state’s busiest agent, with the most closed transactions in Hawaii that year.
As trusted sources for property appraisal and valuation, JJ and our entire statewide team are able to apply their knowledge when representing both buyers and sellers of Hawaii REO properties.
What is our REO Team’s area of expertise?
Hawaii Life’s REO specialists are all licensed real estate agents with experience working with both buyers purchasing bank-owned properties, and with Asset Managers needing to market and sell bank-owned properties on behalf of lenders.
Hawaii LIfe’s team of REO specialists are skilled at:
✓ producing timely monthly marketing and valuation reports
✓ navigating complex banking regulations and compliance issues
✓ applying their knowledge of both property and mortgage insurance
✓ advising buyer clients & navigating REO property purchases
Asset managers trust our team for their:
✓ high levels of Hawaii market experience
✓ considerable Hawaii listing agent experience
✓ expertise in marketing and selling REO bank-owned properties
✓ problem solving capabilities
Hawaii REO property buyers benefit from our team’s:
✓ research and specialized knowledge of REO regulations
✓ discretion, sensitivity and guidance
✓ experience with accurate pricing and property valuation
✓ ability to leverage Hawaii Life’s considerable strengths to produce results
Being compassionate is also a key part of the job, as well as a willingness to tackle complex problems, find solutions, and persevere with assigned listings for as long as three years as an REO property moves through the somewhat more complex sales process. Learn more about our full suite of REO Services.
Why do banks and lenders turn to real estate professionals like Hawaii Life’s REO Specialized Team?
The reason: banking is a highly regulated industry and the purchase and sale of REO bank-owned properties requires a high level of organization, tech savvy, and ability to document aspects of the process for the bank or lender’s Asset Manager.
When working on behalf of Asset Managers, our team is tasked with managing repairs, getting REO properties into a saleable state, and ensuring that property taxes, utilities and maintenance are taken care of while simultaneously marketing an REO property for sale.
Asset managers rely on both appraisers and real estate agents/brokers (sometimes several of them) to produce detailed documentation of a property’s value before selling a Hawaii property. Asset managers look for experienced Hawaii listing agents because they want to tap into their long experience with Hawaii property valuation.
Why? Because agents tasked with marketing selling bank-owned properties in Hawaii are called upon to determine the value of such properties through a process called Broker Price Opinion Resource (or BPORE).
Why do buyers turn to real estate professionals like Hawaii Life’s REO Specialized Team?
Buyers rely on the expertise of our REO specialized team to navigate the more complex purchase process of bank-owned properties in Hawaii. Our team understands how to find well-priced properties, how to avoid undue risk for REO property buyers, and how to negotiate with Asset Managers to achieve the best possible outcomes for their clients.