Distressed Properties Moving Quickly on Oahu with Great Interest Rates
REO’s and short sales are a large part of the nation’s real estate landscape. The interesting thing we are seeing is that the market on Oahu is growing stronger – even with these distressed properties. We are also seeing multiple offers on these properties.
Short sales were, for a time, shunned and thought of with much less acceptance than they are now. Timelines have decreased and closings are happening more and more. We have seen some short sales receive multiple offers and they are moving quickly. We have 96 single family short sales listed as active and 166 under contract.
Here are a few that recently went under contract quickly (Days on Market: 1 day):
Kailua Short Sale
946 Holoholo St. (MLS# 1204190)
Ewa Gentry Short Sale
91-1062 Komoaina St. (MLS# 1205348)
Ewa Beach Short Sale
91200 Hookaulike Pl. (MLS# 1204026)
There are many others that are available, so now is the time to jump on the great interest rates and get a great deal.