As the US economy continues to flounder, Hawaii short sales have become more and more commonplace. As a way to avoid Hawaii foreclosures, short sales allow current owners to retain control of their property while searching for prospective buyers. Short sales in Hawaii, or anywhere else for that matter, are defined as a real estate sale wherein the lender accepts less than the balance owing on a property rather than pursue the original borrower for the balance. The main reason that short sales in Hawaii are becoming more popular is that they allow the lender and the borrower to avoid the financial loss associated with foreclosure.
For many potential home buyers, Hawaii short sales seem very attractive. In many cases you can save a great deal on the original listing price of the property, sometimes as much as 20 per cent. Unfortunately, the process of buying short sales in Hawaii is not so clear cut. Hawaii short sales may take months to complete and the process is much more complicated than a typical real estate transaction. As a result, finding a knowledgeable and experienced real estate team to navigate Hawaii short sales is an absolute necessity.
Ken Smith and his team of dedicated professionals have years of experience with regards to Hawaii short sales. Not only are they among the top 100 Realtors® in Hawaii but they have a proven track record when it comes to short sales in Hawaii. If you’re interested in short sales in Hawaii but are confused about the process and paperwork, the Smith Team is well prepared to help.
For many individuals with stable employment and sufficient savings, Hawaii short sales can be a great way to pick up an investment property, vacation home, or rental home. Because these properties are often sold for much less than the listing price, short sales in Hawaii can be one of the easiest ways to break into an expensive market. Moreover, Hawaii short sales provide you with almost instant equity, so long as you are patient with the process and you have an expert Realtor® to help you get the best deal possible.
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