It appears that finally things are starting to move in the Kauai real estate market.  Where 6-12 months on the market is now the normal time frame, one segment of the market seems to be gaining momentum.

Foreclosure REO properties are being snapped up by smart buyers, both investors and homeowners.   Typically REO listings will go into escrow in 30 days or less.  What does this mean for buyers and sellers?

Buyers need to be prepared to move quickly on a property they desire.  This means being preapproved by a lender, and/or having proof of your cash funds available.  Most sellers of REO properties will not want to look at your offer without proof of cash funds or a preapproval letter from your lender.  Also be ready to make your best offer quickly.  Working with your Realtor and lender ahead of time will make the process smoother for you.  You can contact me at sheila@sheilamorales.com or on my cell 808-652-1900 if you would like more information. 

Sellers should be aware of what the homes in the area are really selling for.  Be aware of properties like yours that are on the market as REO and short sale listings.  This is the pricing range that buyers are seeking in the current market conditions.  Pricing is key to affecting a successful sale in this market.  For a market evaluation of your property contact me at 808-652-1900 or by cell sheila@sheilamorales.com.  Or for more Kauai real estate information visit my website.