08-21-2006, 05:49 AM
[quote]
Those houses in that subdivision there in DH are causing quite a stir over in Kona...surprising how much energy spent on that subject.
John R - whaddya think?
Carrie
I think most people are way off on that subject. First of all, the MINIMUM bid is $275K + 6% "Buyers Premium" translating to $292K or so. With bidding it will be more. They originally were LISTING those homes for $340K in MLS. The 10-15% is not much of a difference. I think most people are just scared by the "AUCTION" word and the negative thinkers will start the "bubble thread" again. The prices actually increased in 22 states during the past 12 months. So much for a bubble. http://nationalrealtynews.com/content/templates/standard.aspx?articleid=216&zoneid=1
Aloha,
John S. Rabi, ABR,CM,CRB,FHS,PB,RB
http://www.JohnRabi.com
Typically Tropical Properties
75-5870 Walua Road, Suite 101
Kailua-Kona, HI 96740
(808)327-3185
Those houses in that subdivision there in DH are causing quite a stir over in Kona...surprising how much energy spent on that subject.
John R - whaddya think?
Carrie
I think most people are way off on that subject. First of all, the MINIMUM bid is $275K + 6% "Buyers Premium" translating to $292K or so. With bidding it will be more. They originally were LISTING those homes for $340K in MLS. The 10-15% is not much of a difference. I think most people are just scared by the "AUCTION" word and the negative thinkers will start the "bubble thread" again. The prices actually increased in 22 states during the past 12 months. So much for a bubble. http://nationalrealtynews.com/content/templates/standard.aspx?articleid=216&zoneid=1
Aloha,
John S. Rabi, ABR,CM,CRB,FHS,PB,RB
http://www.JohnRabi.com
Typically Tropical Properties
75-5870 Walua Road, Suite 101
Kailua-Kona, HI 96740
(808)327-3185