I recently closed on a few deals in Waikiki where my Sellers received cash offers from Buyers eager to get in the market.
Ilikai Apartment Building #1603 closed July 1, 2016
The first was a Mauka facing unit at the Ilikai. Within the first few days, we received 4 offers - all cash at or above the asking price. We closed in 30 days with an overseas investor that ended up paying $18,000 over asking.
Kaioo Terrace #101 also closed July 1, 2016
The second closing I had that day was also a cash deal where a mainland investor paid full price for unit #101 at Kaioo Terrace. With the uncertainty in the stock market, it's becoming more and more apparent people are looking at real estate as a vehicle to park their hard earned money.
Looking to Buy or Sell in Waikiki?
As you can see, cash buyers are in the marketplace. Feel free to contact us for a no-obligation consultation.