Short Sales on Oahu

What is a Short Sale?

In a nutshell, a short sale is when a seller is attempting to sell their property where the proceeds from the sale will be less than what is owned to their lender and/or leinholders. Short sales on Oahu were almost no where to be seen between the mid 1990's and 2000's. As the market started to turn in 2006 and 2007, short sales have become a large makeup of residential resales on Oahu.The majority of short sales have tended to be out west in markets such as the Ewa Plain, Kapolei and Waianae, however they can also be found in Honolulu and Windward Oahu.

If you owe more than your home is worth, feel free to contact me for a confidential consultation to see if a short sale is the right option for you. I work with a team of short sale experts that have the experience to negotiate with the banks to come up with the best possible solution for all involoved.

If you are a buyer and have the patience to wait for the right property, you can often get a good buy with short sales as the attrition rates of buyers is much higher than average due to the approval process from leinholders. If you're looking for someone to help you look for either a short sale or traditional sale, feel free to contact me for more information.