Showing posts with label Sellers. Show all posts
Showing posts with label Sellers. Show all posts

November 06, 2023

Kauai Real Estate Market UPdate #kauai #realestate #homeforsale

 

Monday Market update

MLS stats and information from Hawaii Information Services on the morning of November 6, 2023.

Active listings (homes, land, and condos), today we have a total of 313 ⬇ (down from last week).
Of those, there are 121 homes, 86  condos and 106 = land listings on MLS today
In Escrow there are 172 listings (contingent and under contract status)

Of those, there were 55 homes, 97 condos, and 21 land listings
SOLD/CLOSED In the past month (since October 7) a total of 57 listings

Of those, there were 23  residential, 23  condo, and 11 land listings

Listing activity update

New Listings = 85 in the past 30 days

Back on Market: 12 listings – this means they either fell out of escrow or were removed from the market for various reasons then re-released

In Escrow: 46 listings went contingent; 3 went under contract

SOLD/CLOSED: 60 listings

ADDITIONAL LISTING CHANGES

3 listings expired

18 were withdrawn

2 changed to temporarily off market

PREVIEW STATUS (aka coming soon): 4 listings

PRICE CHANGES: There were 55 price changes in the past 30 days, all of which were price reductions.

The total number of listings, also known as inventory, continues to hover just over 300. Many listings are still coming out of the gate too high for this newer market of fewer buyers. This has resulted in a high rate of price changes and longer days on the market. Despite that, the total number of sales closed in the past 30 days has trended up slightly as compared with my prior update.

For more information about the market or for an analysis specific to a Kauai property, please contact me.

It is never too soon to connect!

📞Call or Text: 808-634-2011

📩 Email: Info@OnorNeartheBeach.com

💻 www.OnorNeartheBeach.com

 

Monday Market UPdate for Kauai Real Estate. Number of homes, land, and condos for sale, number of properties in escrow, number of sales over the past month. Jamie Friedman, Real Estate Agent, Kauai, Hawaii


September 15, 2010

What's a Short Sale

What's a short sale?

A short sale is when an owner isselling a home for which the current loan balance (pay off amount) exceeds the current market value of the property. Occasionally, though not kindly, referred to as being "upside down" or "under water" ~ i.e. owing more than it is "worth".

Generally owners would opt for a short sale when they can no longer afford the mortgage payment and re-financing and/or loan modification (reducing payments via the lender) are not an option. Though there are other reasons an owner may have to sell (for example to relocate for a job or personal reasons), for which refinancing or modifying the loan would not work for their circumstances. Regardless of the circumstances, a short sale can only be completed with the lenders consent and all sales are subject to lender's terms and conditions.

The advantages to a seller considering a short sale:

· Avoiding foreclosure

· Potentially preserving their credit report as, in theory, delinquent payments to the lender and a completed short sale will appear "less worse" than a foreclosure (*not guaranteed as it does depend on how it is reported by the lender to the credit report companies)

· Potentially avoiding a deficiency judgment (lender pursuing the seller for the remaining balance of the loan: the difference between the loan balance and the net sales proceeds to the lender). This varies amongst lenders, but lenders may pursue a deficiency judgment with both a foreclosure and a short sale, and some will waive the right to a deficiency judgment in the short sale acceptance/approval terms and conditions. *Of note, some states do not permit deficiency judgments or limit the amount that may be pursued.

Why would lenders agree to this?

· Since the owner is no longer paying the mortgage (in most cases), the loan is not bringing the lender any income (aka it has become a non-performing asset), permitting a short sale results in a lender losing less money in the long run

· The foreclosure process can be costly and slow and the value of the property may continue to go down. In addition, once the property is foreclosed on, the bank then has to spend time and money on it (maintenance, other carrying costs, commissions on the sale, and the costs associated with the sale)

Additional resource links:

· Making Home Affordable: Help for America's Homeowners

· Home Affordable Refinance

· Home Affordable Modification

· Home Affordable Foreclosure Alternatives (HAFA)

· Look Up Your Loan

· Find a HUD Approved Housing Counselor

There is a wealth of information on the internet and I am also happy to answer any additional questions you may have.

Please continue to follow my blog as I post additional information for buyers and sellers of short sales.

Mahalo, Jamie

***All owners/sellers and buyers in a short sale transaction should be aware that short sales can have legal, financial, tax and credit consequences and are advised to seek professional advice from an attorney, accountant, and tax professionals prior to entering into a short sale.

Jamie Friedman (RA)

Prudential All Star Realty

direct (808) 634-2011

fax (808) 356-1342

http://www.blogger.com/jamiejoy@aloha.net

http://www.blogger.com/www.MyKauaiProperty.com

Follow me on Facebook, Twitter and more! http://www.followjamie.com/

June 21, 2010

Another Happy Seller!

Congratulations! Another happy seller (and buyer)...

Pelehu Road closed at $405,000 http://tinyurl.com/2f948dy

 

Jamie Friedman (RA)

Prudential All Star Realty

direct (808) 634-2011

fax (808) 356-1342

jamiejoy@aloha.net

www.MyKauaiProperty.com

Follow me on Facebook, Twitter and more! http://www.FollowJamie.com

 

 

February 26, 2010

Just Sold! 4155 Momi Street, Kilauea, HI

4155 Momi Street, Kilauea, HI SOLD today!

Asking Price: $369,000

Sold Price: $370,000

Property Description:

Tropical Oasis in Kilauea Town, located on A Cul-De-Sac, Close To The Neighborhood Center And Shopping. Great 3 bedroom, 2 bath home that has been Completely Remodeled with Attention To Every Detail.  You Will Appreciate Openness And Great Room Feel As Soon As You Walk Into This Charmer. The Workmanship Is First Class ~ Lots Of Island Character. Master Bedroom Has Its Own Entrance If Needed And A Great Little Bonus Room Attached! The Kitchen Is One You Love To Cook In And Positioned Perfectly For Entertaining! The Covered Lanai is and Ideal Escape from the Afternoon Sun and to Enjoy The Tropical Plantings And Privacy.  

Click Here to See 4155 Momi Street Property Listing and Photos

 

Another successful short sale with Jamie Friedman!

 

Great Links to Help Buyers and Sellers of Kauai Real Estate

Search All Kauai Real Estate Listings: http://www.SearchKauaiProperty.com

Create Your Custom Real Estate Search: http://www.EmailMeKauaiRE.com

Market Data by area for Buyers and Sellers: http://www.KauaiMarketReport.com

 

Jamie Friedman (RA)

Prudential All Star Realty

direct (808) 634-2011

fax (808) 356-1342

jamiejoy@aloha.net

www.MyKauaiProperty.com

posted 2.26.2010

July 30, 2009

Testimonials from My Clients

There are many things I can say about the high quality of service I provide to home sellers and home buyers, but probably none would be as credible as testimonials from my clients themselves...

Please take a moment to read my clients' testimonials. I am confident they indicate my experience, dedication, and level of integrity, as well as make it clear how much I enjoy helping people with their real estate needs.

What My Clients Have to Say...

Todd S. ~ Oregon & Kauai ~ Lihue

I am very happy that I got to work with Jamie in purchasing my condo on Kauai. She is that rare broker who combines professionalism with friendliness. She is very knowledgeable, not just about the real estate market and condo prices, but also about rental costs and fees, management companies, and other important incidentals. Jamie got me hard data so I could make comparisons for myself, plus she gave me excellent, sound advice. Finally, she has remained in contact with me, helping to make further decisions about my property, even well after the sale closed. She really went the extra mile for me.

Russ & Julie G. ~ New Jersey & Kaua'i ~ Princeville

"Jamie did a fantastic job of helping us find and purchase the ideal property. Jamie has that special ability to make you feel like you are the most important client in her professional life and we came to trust her implicitly. Although we only met with Jamie for a few hours on one day, we live in New Jersey, it felt as though we had known her for years. Jamie’s knowledge and advice proved to be of great value to us throughout the process and we certainly hope to have Jamie at our side when we do settle on the island and begin our search for our ultimate dream home.”

Mike B. ~ CA and Kauai ~ Princeville

"It's been a pleasure working with you and you are very professional and know what you are doing. I would recommend you to anyone that needs a realtor in Hawaii and will call you if I ever venture back into that market."

Nancy & Robert H, ~ CA and Kauai ~ Princeville
"Jamie, You are first class, professional and exhibit maximum business ethics. Any real estate agent who continues to send information, give details upon request and random house reviews for three years is truly dedicated to her customers and displays it with utmost patience. We love our condo and owe you for finding our dream condo in Kauai. Thanks for everything to make it so special.”

Vic & Laurie C. ~ Napa, CA ~ Lihue
"We truly lucked out having Jamie as our realtor. Although we had limited time on the island, Jamie was able to help us find the perfect property to suit our needs. She made the entire process a positive experience, greatly due to her wealth of knowledge and attention to detail. Never before had and of our real estate transactions gone so smoothly. We will definitely use Jamie again in future transactions.”

Eric & Friday S. ~ Kauai ~ Kalaheo
"Jamie is client-driven and ultra-organized. The process of buying a home in Hawai'i can be a real challenge, but Jamie's expert attention made for a smooth transaction. We consider her our realtor for life! Maybe she can get a license in Italy for our next dream home!"

Maureen & Howard G. ~ FL & Kauai ~ Princeville
"Jamie, I read your glowing testimonials and feel they are well deserved. You are VERY special!! I tried to come up with something left unsaid but it isn't easy. How about Wonder Woman??"

Kelli & Michael ~ CA ~ Lihue
"We enjoyed the type of service Jamie provided because we were physically removed from the transaction essentially. You were our eyes and our ears, there was a sense of security you provided to us by being there. And most importantly, as time drug on, you never wavered, you treated every day as if it were the first day of our listing!"

Stephen A., ~ Kauai ~ Lihue
"I recently purchased a condo on Kauai and the experience was a very good one in great part due to Jamie's work on my behalf. She was patient with me during the search process and her market knowledge helped me make the right choice for my lifestyle and needs. I was very impressed with her professionalism, enthusiasm and follow through during the whole process. I would highly recommend her services to anyone looking to buy or sell property in Hawaii.

Anja and Erich W. ~ Malibu, CA & Kauai ~ Princeville
"We have purchased a number of houses throughout the years, and I can confidently write that Jamie was the specific reason that our house purchase on Kauai was the easiest and best of all our house purchases. She went over the pale in professionalism, efficiency, negotiations, inspections, and paperwork throughout the entire transaction process. Because we didn't live on Kauai during the purchase process, it could have been very difficult to line up all of the inspections, etc...; however, Jamie took care of everything including even attending a home owner's meeting for us.”

Joe M. ~ CA & Kauai ~ Lihue
"You continue to amaze me I know I'm not your biggest client but you make us feel as if we are."

Megan B. & Jacob S. - Kauai ~ Kapaa
"If there was one word to describe working with Jamie, it would be pleasurable. Throughout the time we spent looking to purchase a home, we were met with objective, intelligent, and unbiased professionalism. It was evident that Jamie knew what she was doing and she knew the market. Throughout the buying process she remained at least a step ahead of where we needed to be to insure that we had the best and easiest experience possible. She also had amazing relationships with the people we worked with in the process of buying the house, helping us through a smooth buying process. If buying a house were always this easy, I would probably own 50 homes.”

Robert S. & Ann-Marie B. ~ Big Island
"Jamie worked with us in what turned out to be a year long search (on three islands) in finding our new beautiful home on the Big Island of Hawaii. We were still living in Palm Springs and we needed a confident realtor that we could depend on to represent us for the new home purchase. Jamie went well beyond that even after some "ruff and tumble moments" during the sale of the home with the sellers. Jamie's strong business sense and easy going manner made it a pleasure to work with her , but most importantly it gave us a sense of comfort knowing that she representing us during the purchase of the our home.”

Claire T. ~ CA & Hilo, Big Island
"You are without doubt the most dedicated and professional agent I have worked with. You have a unique ability to make your client feel like they are the only person you are working with. I hope this is the start of a long real estate relationship for us."

Pat W. ~ CA
"You are right on top of things. I really appreciate your responsiveness, but I know it comes from your joy in what you do. This joy is reflected in your high level of productivity, responsiveness, and the general courtesy and consideration that you show to your clients. It is a privilege to work with you. I thank you again."

Russ J. and Vera B. ~ Alaska & Kauai
"We were extremely lucky to have encountered Jamie. She is everything one could ask for in a real estate agent--and more! She has great drive and great patience. She does what needs to be done, she tells you what reality is, and she keeps you informed every step of the way. Maybe most important of all is her thoroughness, coupled with an innate sense of what is right and what doesn't seem right. In our case, her thoroughness and that "sixth sense" helped us avoid a potential major problem and resulted in our purchasing our dream property."

If this is the type of service you are looking for in a real estate agent, please contact me today and let's get started buying or selling your dream home or investment property.

Mahalo, Jamie