/https://t.realgeeks.media/resize/140x/https://u.realgeeks.media/hawaiireal%252Fimage001.png)
Realities of Foreclosed Home Buying in Hawaii
Buying foreclosed homes is a great way to obtain awesome deals on property either for your family or for the serious real estate investor. If you are an investor looking to make a profit off of your purchase, investing in foreclosed homes at bargain prices is a great way to begin to make a larger profit in a short span of time. However, no matter which category you fall into, the biggest reality surrounding foreclosed homes is the fact that many of these properties will be in various degrees of disrepair. As a result, it is important that you take this into consideration as well is factored into the price you pay for your foreclosed home. What are Foreclosed Homes? In short, foreclosed homes are properties that have been taken back by lenders due to the fact that the previous homeowners weren't able to make their monthly payments on their property. Unfortunately, in many cases when the lender takes these homes back, their state may be one of distress. This is oftentimes due to the fact that the home owner, while in the process of pre-foreclosure, was in such financial distress that they are unable to keep up with necessary maintenance. Also, depending on how long the home stays on the market as a foreclosure, this means that this vacant property has had time to collect dust among other things. The downright shabbiness of foreclosed properties is the largest reason why prices are so low. Additionally, prices are also low due to the fact that lenders are seeking to recoup their investment in a way possible, and this includes selling off the property at a low or part in price. For that reason, lenders are willing to take less money than what is old on the property. Hidden Realities of Repair Unfortunately, many homeowners are disgruntled about losing their homes. To add insult to injury, there may be cases where homeowners intentionally damage their properties. Since they have nothing left to lose, it does not hurt the homeowner to damage their property leaving the lender was no other choice but to sell the home as-is or lose money by trying to fix the home up for resale. Fortunately, these types of homes present themselves as a great buy for real estate investors or new homeowners who do not mind putting in the time or money to make the necessary repairs. Because you are willing to invest in such a troublesome property, your pay off at the end is that you not only save big on your purchase, but that you are also able to buy more home for your money in a neighborhood that you may not have been able to afford in the first place. Forcelosure Articles Buying a Hawaii Pre-Foreclosure House Advice on Preventing a Hawaii Foreclosure Options when dealing with Hawaii foreclosure Prevent a Hawaii Foreclosure Before It Starts
Featured Oahu Foreclosures
$250,000
1910 Ala Moana Boulevard Unit 12C, Honolulu
Spacious 2 bedroom corner unit with Diamond Head and ocean views! Huge Lanai! Great location in Waikiki close to beaches, Ala Moana Mall, shopping and dining. Amenities...
- Beds2
- Baths2
- MLS202107920
- TenureLH - Leasehold
- Bldg.Canterbury Pl
- DOM5
$409,900
3161 Ala Ilima Street Unit 608, Honolulu
Highly coveted 2/2 unit in the well maintained Century West Condo in Salt Lake. Very easy to see with short notice. Building has great amenities including a BBQ area, C...
- Beds2
- Baths2
- MLS202108386
- TenureFS - Fee Simple
- Bldg.Century West
- DOM12
$209,900
1221 Victoria Street Unit 3203, Honolulu
Located within walking distance to an expansive Thomas Square Park, The historic stone architecture of the Honolulu Museum of Arts, the Neal Blaisdell Arena and Concert H...
- Beds1
- Baths1
- MLS202108164
- TenureLH - Leasehold
- Bldg.Admiral Thomas Apts
- DOM16
$279,900 ▼
1118 Pua Lane Unit 207, Honolulu
Centrally and conveniently located in the town close to bus lines, shopping and Downtown. Unit is currently occupied and contact is strictly prohibited. This property...
- Beds2
- Baths1
- MLS202105091
- TenureFS - Fee Simple
- Bldg.Banyan Gardens
- DOM46
$235,000
607 Isenberg Street Unit 6, Honolulu
Beautifully remodeled unit in town. New stove, clean bathroom and kitchen close to everything just a short drive to beautiful Waikiki beaches. Unit comes with one open as...
- Beds1
- Baths1
- MLS202103586
- TenureFS - Fee Simple
- Bldg.Coco Court
- DOM68
$215,000 ▼
85-290A Ala Hema Street, Waianae
Priced to sell this duplex has a single family feel. This is a great starter home
- Beds3
- Baths2
- MLS202102050
- TenureLH - Leasehold
- DOM76
$194,900
1778 Ala Moana Boulevard Unit 3218, Honolulu
Conveniently located 1 bed / 1 bath condo with a spacious lanai and enjoy your great marina and city views! Discovery Bay is a secured building with 24-hour security and ...
- Beds1
- Baths1
- MLS202101922
- TenureLH - Leasehold
- Bldg.Discovery Bay
- DOM78
Free Daily Email Updates
- Automated home searches
- Favorite properties
- Email updates
- And much more…
Search By MLS Number
We'd love the chance to show you what our beautiful island of Oahu offers.
Representing Your Best Interest for Hawaii Real Estate.
Once you've decided to join us here in Hawaii - our job is making that happen!
We'll help make your move simple and easy.
John Ragan - (R)
JS Real Estate LLC
1543 Young St. Ste. #320
Honolulu, HI. 96823
Licensed in the State of Hawaii
You can buy your Honolulu real estate with the confidence someone's on your side and looking out for you.
So, just contact us if you have any questions or
for an appointment that's just right for you.
Popular Areas on Oahu
Looking for the perfect home in Hawaii? Chances are you'll want to check here first.
Honolulu County Real Estate
Foreclosures Today (117) Listed
I can help you find a great deal on a Honolulu foreclosure or short sale!
Buying a Short Sale Property in Oahu
