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Short Sales, Can, and do Close - yes you heard me right, Homes in Foreclosure do actually sell !

By
Real Estate Agent with Kona Home Team (luva llc) RS 62947

I know - the - LONG, If EVER Sale, also known as a short sale, does actually close. I decided to take on short sales pretty much exclusively, about a year ago, and it has been a long, hard, learning process - but it is paying off. I just checked the numbers on our MLS and Hawaii County has had 10 short sales close in the last 90 days. 6 of them were from our office, and I am happy to say that 5 of them were mine. Better yet almost all of them paid 6% commissions, My $800,000 sale was the exception - it only paid 5% .

Bottom line is - if you are looking to sell your home, whether it is in Foreclosure, or just a short sale - why not list it with someone that has a proven record, someone that delivers. I got to tell you also - its not all about the sale - of my 24 listings, 3 of my homeowners are now in the - MAKE HOME AFFORDABLE PROGRAM - put out by Obama, its funny because I always screen my clients to see if they have some sort of a chance at this program - and if they do - I always advise them to pursue that avenue first, I also encourage them to pursue it during the listing process - in fact 2 of them had offers in on there homes whe we were able to get them in the program - there is nothing like the moment, when someone saves their HOME - Priceless - and then they look devastated because they don't know what to do about me? I have offers, I have spent all this time, how are they going to pay me? I just turn around and give them a hug, they don't owe me anything, somehow I will get back - what I have put in - it always comes around full circle - maybe it will be helping their parents sell a home and get a condo - who knows - but it will come back.

One word of advice - NEVER PAY SOMEONE TO MODIFY YOUR LOAN - ITS EASY - AND YOU CAN DO IT YOURSELF - JUST CALL YOUR BANK - THEY HAVE GOVERNMENT MONEY THAT THEY WOULD LOVE TO HELP YOU WITH.

 Ok - so I rambled a little off track - but here it is - the 10 short sales that closed in the last 90 days

Copyright ©6/5/2009 by Hawaii Information Service  
SALES

 Search criteria: Hotsheet from 3/7/2009 including status changes to S TMK Taxkey 3. MLS Restrictions on commission Shortsale. MLS Status Sold

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MLS DATA
  MLS # Tp StDOM    Taxkey Tnr Price Location Land area Details Listed by
215115 RS S 219    3-1-6-53-71 FS  $199,000 16-1206 Moho Rd 3.00 ac    1,056 3/2  Lance D Owens - R(S)  / Aloha Kona Realty Incorporated
  SOLD 4/29/2009 for $195,000 (FMHA) DOM 219
by Byron D Matthews - R(S) / The Hawaii Land Realty Corp
219115 T S 49    3-7-5-21-7-67 FS  $219,000 Alii Villas #223   635 #223 1/1  Lance D Owens - R(S)  / Aloha Kona Realty Incorporated
  SOLD 6/5/2009 for $195,000 (CASH) DOM 49
by Janet Wells Brown - R(S) CRS, ABR, e-PRO/ Clark Realty Corp. - Kona
218719 RC S 59    3-7-6-25-35-2 FS  $299,000 76-366 Kanaka St #35B 5,115 sqft  1,029 3/2  Lance D Owens - R(S)  / Aloha Kona Realty Incorporated
  SOLD 4/2/2009 for $290,000 (CNV) DOM 59
by James R Cotter - R(S) / Knutson & Associates
221552 T S 16    3-7-6-25-55-1 FS  $299,000 Kamani Trees #55A   861 #55A 2/2  Rebecca M Morton - B  / Windermere/C & H Properties - Kona
  SOLD 5/29/2009 for $295,000 (FHA) DOM 16
by Ramona M Cannon - BIC / Century 21 Paradise International
216228 RS S 227    3-6-8-32-70 FS  $350,000 68-1711 Kamahao Pl 12,184 sqft  1,753 3/2  Henry C. Williams - R  / Windermere/C & H Properties-Waimea
  SOLD 6/3/2009 for $351,000 (CASH) DOM 227
by Al Knauf - R(S) / Clark Realty Corporation - The Shops at Mauna Lani
217820 RS S 70    3-7-7-25-8 FS  $359,000 77-6542 Hoolaupai St 7,500 sqft  1,092 3/2  Lance D Owens - R(S)  / Aloha Kona Realty Incorporated
  SOLD 4/20/2009 for $339,000 (CNV) DOM 70
by Brenda K. Kuessner - R(S) / Clark Realty Corporation - Keauhou
211516 RS S 265    3-7-5-40-81 FS  $575,000 75-110 Nakukui Pl 33,541 sqft  1,883 3/2.5 
Marissa Ashley - PB , / Action Team Realty, Inc.
  Austin Ashley - RA , / Action Team Realty, Inc.
  SOLD 5/29/2009 for $525,000 (CNV) DOM 265
by Lovette R Llantos - RA / MacArthur and Company Sotheby's International Realty, Kona
220903 RS S 14    3-7-5-34-59 FS  $645,000 Hualalai Colony Lot #:88 19,655 sqft  2,120 3/2  Jeri Parker - RA  ABR, CRS / Century 21 All Islands - Plaza
  SOLD 3/31/2009 for $620,000 (CNV) DOM 14
by Christine Babian - R(S) / Golden Triangle Real Estate
215678 T S 109    3-6-8-22-4-107 FS  $875,000 Villages At Mauna Lani #512   2,174 #512 3/3.5  Lance D Owens - R(S)  / Aloha Kona Realty Incorporated
  SOLD 4/22/2009 for $800,000 (FHA) DOM 109
by James F. Allison - RA / Coldwell Banker Maryl Realty - At the Shops at Mauna Lani
222527 RS S 39    3-7-5-12-84 FS  $999,999 75-654 Nani Ohai Pl 1.00 ac    3,581 4/4.5 
James L. Louis - DR , / Aloha Kona Realty Incorporated
  John M Sevick - RA , / Aloha Kona Realty Incorporated
  SOLD 5/29/2009 for $800,000 (CASH) DOM 39
by John M Sevick - RA / Aloha Kona Realty Incorporated

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

  Copyright ©6/5/2009 by Hawaii Information Service  

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Aloha, and have a great day 

Lance Owens (RS)

(808) 936-8383

Lance@KonaHomeTeam.com

www.KonaHomeTeam.com

LUVA Real Estate 

75-240 Nani Kailua Dr #8 , Kailua Kona, HI. 96740 (Pines Plaza