sallyjc's Blog: Hawaii Home Buyers

With Short Sales still a part of our Honolulu County Housing Market at least there are some being sold and going in contract rather than remaining stagnant  as in the beginning of 2009.

Year to Date 2009 Sales and current short sale listings are depicted in the chart above. The majority of Short Sale Active Listings are in the Ewa Beach area with 71 of the 204;  44 of 103 are in contract  and 53 of 116 solds. That's a significant bundle of homes owners being helped and not going through the foreclosure process.

Hawaii is said to be a year or so behind the Continental United States with current trends in the real estate market. With that in mind let's take a look at the year to date sales with Hawaii Short Sales in Honolulu County. 

There were 108 single family home short sales sold this year with 50 of them in the Ewa, Ewa Gentry, Ocean Pointe areas alone. The Ewa Gentry, Ocean Pointe areas have the highest number of bank owned & short sales on the island of Oahu. (HONOLULU COUNTY). There are currently 184 single family homes listed as short sales and 88 currently in contract and pending.

If you have the time to wait for the bank to approve the offering price and the contract  terms (4-6 weeks or more) and then…

Update for  the Hawaii VA Loan and Hawaii Real Estate process:

1)  The turn around time for Hawaii VA Loan Appraisals are taking up to 5 weeks on the island of Oahu due to the 'volume' of VA Loans in progress at this time. As a Hawaii Home Buyer you can be proactive and start your loan application process to get preapproved immediately!

2)  The Governor imposed a three Friday a month furlough (no pay) on State Government employees and our Bureau of Conveyances is one of those departments. When escrow receives funds from the lender they take all documents for recording to the Bureau of Conveyances. By the next morning they recorded the deed. NOW>>> it will push it back two days to record and possibly more.

If all involved in the transaction (Realtor®,…

Someone who is pursuing a career as a Real Estate Agent goes through thorough Real Estate School. They learn the lingo, the real estate laws and aspects of a real estate transaction process and types of loans and so forth. They pass and go on to take their STATE EXAM to obtain their Real Estate license. If they get that far they pass go and hang their license with a Real Estate Brokerage.

They join the National Association of Realtors®, their Local Board (ours is the Honolulu Board of Realtors®) and their State Association (Hawaii Association of Realtors®).  Continuuing Education is mandatory to renew a license for however many years your State requires (our is every two years) and there are many months, years and hours put in to one real esate…

Hampton Court                   # Active # In Escrow # Sold DOM …