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New Kolea REO (Foreclosure) Released Today

Real Estate Agent with Hawaii Life Real Estate Brokers Big Island

One of the only two remaining foreclosures in the pipeline at the luxury Kolea condos at Waikoloa Beach Resort came on market a few moments ago.  The 2 bedroom groundfloor condo Kolea 15G is priced at $429,900 (MLS 251456).

Kolea foreclosure for sale

Even a foreclosure at Kolea still has the pocket doors and summer kitchen on the lanai.

I don't think it is accidental that the listing agents for REO properties (bank-owned after foreclosure) release their hot listings on Friday afternoon.  If history repeats itself, the lucky new owner will be either a cash buyer or one with the foresight to have a prequal letter in hand to submit an offer over the weekend.

If that's a bit too quick for you, or you prefer the 3rd floor, Kolea 16J (my listing) had a price reduction to $499,000 today.  That is a short sale and also requires a buyer preapproved by a lender or with cash in hand.

Let me know if you are ready to buy the lowest priced Kolea condo on the market!

A hui hou



Rob Dalton
Waikoloa Vacation Rentals - Waikoloa, HI
Big Island Vacation Rental Guru

Yeah, interesting coincidence, huh?

Feb 07, 2012 04:14 PM