/https://u.realgeeks.media/hawaiireal/hawaii_realty_real_estate_logo.jpg){kind=logo}
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
$309,900
53-567 Kamehameha Highway Unit 209, Hauula
Oceanfront condo with amazing ocean and white sandy beach views right outside your door. Enjoy watching the waves crash from your covered balcony. Spacious 1/1 has large...
- Beds1
- Baths1
- MLS201829659
- Bldg.Pats At Punaluu
- DOM3
$409,900
92-1335 Panana Street Unit 60, Kapolei
Good location. Near school. Easy access to main road, and on to the freeway, shopping malls, eating places and business establishments and places of worship. New carpet a...
- Beds3
- Baths2
- MLS201829421
- Bldg.Makakilo Hale 2
- DOM6
$358,800
Waipahu
Awesome opportunity to own in this coveted subdivision! Bright and airy two bedroom, one bath ready for you to make your own. This one is priced to SELL! Don't let it sli...
- Beds2
- Baths1
- MLS201829015
- Bldg.Kuola 1 - Rainbow Series
- DOM15
$434,900
95-1140 Makaikai Street Unit 20, Mililani
Highly desired location in Mililani Mauka! Very well kept complex and this unit is at the very end of the complex so there is less day to day noise....Conveniently locat...
- Beds2
- Baths2
- MLS201828687
- Bldg.Crescent Lane 1
- DOM17
$419,000
98-410 Koauka Loop Unit 7A, Aiea
Make this condo your new home. This 2bdrm, 1bth with 1 covered parking is available now. Highly desirable location close to freeway access, airport, Pearl Harbor, public ...
- Beds2
- Baths1
- MLS201828349
- Bldg.Pearl 2
- DOM21
$445,000
780 Amana Street Unit 708, Honolulu
Location! Location! Location! Amazing opportunity to live in the middle of everything! Adjacent to world renowned Ala Moana Shopping Center, Target, Walmart, Sam's Club, ...
- Beds2
- Baths2
- MLS201828169
- Bldg.Woodrose
- DOM22
$445,900
215 N King Street Unit 1804, Honolulu
Pretty city and mountain views from this centrally located 1/1! Nicely updated with new flooring and freshly painted walls-ready for you to move in. Perfect for investme...
- Beds1
- Baths1
- MLS201828080
- Bldg.215 North King St
- DOM23
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)
Hawaii Realty International
1888 Kalakaua Ave. Ste C312
Honolulu HI 96815
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
