Special offer

A change in Short sales and the Kauai MLS

By
Real Estate Broker/Owner with Sold on Kauai Realty RB-18142

Aloha,

As of July 1st, the Hawaii MLS is changing their rules to require that all short sales be changed to "contingent" as soon as an offer is accepted by the seller. Previously, many agents kept their listings as "active" until they had acceptance by the bank. This meant that although a property showed as an active short sale, a call to the agent was typically required in order to see if there were any offers in play. I'd be curious to know how short sales are handled on other MLS platforms.

Just for fun, here is a list of all the properties in Princeville currently listed either as a short sale or foreclosure: (Condos first followed by homes)

Copyright 6/30/2010 by Hawaii Information Service

234169 RES GA FS A 68 4-5-4-5-39-33 $215,000 Cliffs At Princeville #2103 917 #2103 1/2.00
224335 RES CD CF A 397 4-5-4-15-21-11 $220,000 Sandpiper Village I #111 1,042 #111 2/2.00
232853 RES CD CF A 111 4-5-4-15-21-8 $245,000 Sandpiper Village I #108 1,042 #108 2/2.00
236265 RES GA,HR,LR,MR,PH CF A 6 4-5-4-15-21-23 $250,000 Sandpiper Village I #123 1,042 #123 2/2.00
231596 RES SA CF A 147 4-5-4-12-2-35 $300,000 Hale Moi #215 1,033 #215 1/2.00
234283 RES OT CF A 58 4-5-4-5-18-1 $310,000 Puamana #1A 1,312 #1A 2/2.00
210873 RES LR,SA CF A 730 4-5-4-5-16-52 $429,000 Alii Kai At Hanalei #7101 886 #7101 2/2.00
225956 RES CD CF A 293 4-5-4-5-24-56 $495,000 Nihilani At Princeville Resort #19B 1,567 #19B 2/2.01
229552 RES LR CF A 191 4-5-4-5-12-27 $499,000 Sealodge Ii #H9 567 #H9 1/1.00
216359 RES CD CF A 640 4-5-4-5-24-68 $569,000 Nihilani At Princeville Resort #23B 1,406 #23B 2/2.00
220974 RES CD CF A 505 4-5-4-5-24-63 $585,000 Nihilani At Princeville Resort #21C 1,972 #21C 2/3.00
229452 RES SA CF A 225 4-5-3-11-1-30 $599,000 Villas On The Prince #30 1,732 #30 3/3.00
235501 RES SD CF A 29 4-5-4-12-3-8 $659,900 Hanalei Bay Villas #8 1,244 #8 2/2.01
232843 RES CD CF A 112 4-5-4-12-11-14 $999,000 Puu Poa #114 2,065 #114 2/2.00
229479 RES RS FS A 206 4-5-4-20-31 $799,000 5141 Kapi'olani Loop 9,669 sqft 2,262 5/3.00
210722 RES LR,SD FS A 791 4-5-4-18-7 $779,000 4170 Mahina Pl 10,751 sqft 2,310 2/3.01
233631 RES RS FS A 89 4-5-4-9-19 $749,000 4188 Liholiho Rd 10,981 sqft 2,405 4/3.00
234352 RES SD FS A 64 4-5-4-15-12 $489,900 3837 Haulani Pl 11,421 sqft 1,510 #0 3/2.00
229218 RES SD FS A 225 4-5-4-24-11 $625,000 4240 Waileia Pl 12,336 sqft 2,074 3/2.00

This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed.

Right now there are a total of 19 properties listed. I'll be curious to see how many of these change status as a result of the new listing regulation.

Aloha Elaine

Elaine Schaefer (R, CRS, GRI, ABR, SFR)
Broker in Charge - Princeville Resort Office
Certified Residential Specialist
Graduate, Realtor's Institute
Accredited Buyer's Representative
Short Sale and Foreclosure Resource Certification
Top Producer 100% Club

RE/MAX Kauai
Princeville Resort Office
POB 223632
Princeville, HI 96722
cell: 808 639 2935
home fax: 1 808 440 4552
email:soldonkauai@yahoo.com
website: www.KauaiRealEstateNow.com
blog: http://blogs.alohaliving.com/princeville-condo-sales/

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