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Sales up, pricing down
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03-09-2011, 05:37 AM
Just to let you know, guys, our short sale went through without any problems and MUCH faster than we anticipated. The closing is at the beginning of April. I will be back to the island in 4 weeks as a proud homeowner.
 )))
03-09-2011, 06:26 AM
quote:Serious investors do they own diligence, use real estate professionals (escrow, attorney, inspector, etc.) to process the transaction and don't offer cash out of a bag on the spot. Aloha, John S. Rabi, GM,PB,ABR,CRB,CM,FHS 888.819.9669 johnrabi@johnrabi.com http://www.JohnRabi.com Typically Tropical Properties "The Next Level of Service!" (This is what I think of the Kona Board of Realtors http://KonaBoardOfRealtors.info)
03-09-2011, 01:44 PM
Unless it was Puna in the 70's and 80's and the cash in the bag smelled like weed!! [  ][][][][][][][][][]
03-10-2011, 03:56 PM
quote: no bag. never said out of a bag. The guy offered me cash. as with any cash buyer that usually means through escrow and all legal. you have heard of cash buyers right? this guy pulled up in my drive and offered cash to buy my house. you made up the cash in a bag. I hope you should know that all real estate transactions have to legally go thorough title and escrow and can stil be cash sales. or maybe this is just another one of your "jokes"?
03-11-2011, 08:51 AM
quote: We did use an escrow company's attorney to write up the contract and hold money but we weren't required to. We also could have done the deed transfer ourselves if we felt comfortable with it. This did change on 7/1/2010. A new Hawaii law (effective July 1, 2010) requires that any settlement/closing/escrow for any property in the State of Hawaii be handled by a licensed Hawaii escrow company. Escrow company lobby? Previously if you and I wanted to we could do it ourselves, or even have our two attorneys work it out. The escrow lobby made it so now it requires one of the escrow companies to do it. (Nothing like job security!) I am not going to argue the pluses of having them do it but it is again like the owner/builder versus general contractor. All these groups build in their own job security to protect us from ourselves? I like a choice.
03-11-2011, 10:16 AM
quote:Or an attorney. The reason behind this law was that the Bureau of Conveyances was receiving different versions of Quit Claim Deeds and Warranty Deeds that they couldn't record. There is a standard form of documents for recordation now. (Needless to say only the attorneys have it.) [  ][][]Aloha, John S. Rabi, GM,PB,ABR,CRB,CM,FHS 888.819.9669 johnrabi@johnrabi.com http://www.JohnRabi.com Typically Tropical Properties "The Next Level of Service!" (This is what I think of the Kona Board of Realtors http://KonaBoardOfRealtors.info)
03-12-2011, 04:12 AM
The market a good one indeed - have been to both maui and molokai in the last several weeks kicking tires - cash buyers are in the drivers seat these days indeed
- just had a buddy sell her san diego place ... 3 offers in a week - she took the all cash 30 day escrow Now to find her a place in Hawaii (other than mine - grin) .........
03-14-2011, 02:11 PM
quote: You just described the house that I built. Which, of course, is the alternative to an inventory that is not meeting your needs. You know what you want... draw it up and start swinging a hammer. |
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