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John Riggins

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Oahu Foreclosure Market

by John Riggins

Oahu Foreclosure Market

There is good news and bad news when it comes to the Oahu foreclosure market.  The good news is that foreclosures are down on Oahu.  The bad news is that foreclosures are still happening and will most likely continue to occur for a while.  The typical Oahu foreclosure sells for roughly 30% unique 1less than a non-foreclosure property.  In the right situation a foreclosure can offer an opportunity for a good investment.

Many Oahu foreclosures can be avoided by short sales or loan re-modification, avenues that a CDPE can be extremely helpful with.  A CDPE is a Certified Distressed Property Expert, one who has been educated on distressed property, how to avoid it, and all of the complications involved with such seemingly complicated situations.

Contact me today, whether you want to buy, sell or avoid foreclosure on Oahu.  It is important to understand what is involved and work with a knowledgeable and experienced Oahu Realtor when dealing with foreclosures.

Set a Mood for Your Kapolei Real Estate

by John Riggins

Set a Mood for Your Kapolei Real Estate

It is important to set a mood for your Kapolei real estate when trying to sell it.  Attracting home buyers is the main goal when selling a home and in order to do so it is important to make your Kapolei property as appealing as possible.  The more comfortable a home buyer feels in your home the more likely he is to want to buy it.

So what can you do to make your Kapolei home more appealing?  HibiscusLook around and take advantage of your home’s finest points.  Place a comfortable throw over the couch in the living room.  Light some candles and have some warm light.  Make sure the temperature in your Kapolei home is comfortable.  Have time to bake cookies?  The scent of fresh baked goods is certain to evoke comfortable feelings.

The more your Kapolei propertyfeels like home the more likely a buyer will want to call it home.  Contact me today for some sound selling advice.  As an experiencedKapolei Realtor I would be happy to look at your home and offer advice on what you can do to attract a buyer.

Oahu Real Estate: Possible to Avoid Foreclosure?

by John Riggins

Oahu Real Estate: Possible to Avoid Foreclosure?

When it comes to distressed Oahu real estate many home owners wonder if it is possible to avoid foreclosure.  In many instances it is most definitely possible to avoid foreclosure.  A short sale is one alternative to avoiding foreclosure.  In the instance of a short sale an Oahu property would bplastic housese in the pre-foreclosure stage.  The property would be listed for sale and would sell for less than the balance of the loan.  In the case of an Oahu short sale the lender needs to approve the sale of the home.

Another way to avoid an Oahu foreclosure is to get a loan modification.  In this case a loan’s terms are reworked.  In a loan modification often the interest rate is changed, the term of the loan is lengthened, and the monthly payments are lowered. If you are kept awake at night worried about what may come, please know that there are options.

As a CDPE (Certified Distressed Property Expert) I can help you manage your way when facing foreclosure.  Rest assured, there are options and I would like to help educate you on what they are.

What to Expect from a Kapolei Foreclosure

by John Riggins

What to Expect from a Kapolei Foreclosure

It is important to know what to expect when buying a Kapolei Foreclosure property.  At the moment foreclosure transactions are just under 20% of the real estate market nationwide.  Most people pre-conceived notions of the transaction.  While most people believe that buying a foreclosure in Kapolei equals getting the best real estate bargain possible, this is often true but is not always the case.  When looking to buy a Kapolei foreclosure it is important to do some research.

Sitting down with a Kapolei Realtor who understands the foreclosure process can be extremely helpful.  When buying Kapolei real estate, foreclosure or non-foreclosure, it is important to know some details.  Knowing the Kapolei real estatemarket, the neighborhood where you are planning to buy, and the process of buying are key elements in a successful transaction.  Contact me today for a free consultation on buying a Kapolei foreclosure property.

Click here to read a recent article from Realty Times on foreclosures.

Facing Foreclosure on Oahu? Use A CDPE

by John Riggins

 

Facing Foreclosure on Oahu? Use A CDPE

If you are facing foreclosure on Oahu it is a wise idea to turn to a CDPE.  What is a CDPE?  A CDPE is a Certified Distressed Property Expert, which means a Realtor educated in how to handle distressed properties.  Many of those facing foreclosure with their Oahu real estate do not list their homes for sale, but many who do face the problem of their homes not selling before they are foreclosed upon.  As an Oahu Realtor and a CDPE I make it my mission to educate and inform Oahu property owners of their options. 

While a short sale can be a viable way of avoiding foreclosure, it is not a homeowner’s only choice.  Re-instatement, forbearance and loan modification are all worth learning about and investigating.  I have been a Realtor for nearly 34 years and have dealt with hundreds of successful short sales.  If you have a distressed property on Oahu and think that you have run out of options please call me today.  There is a lot of information out there and I would like to help you understand your situation.

For more information about Kapolei Real Estate please contact John Riggins, Certified Distressed Property Expert. Click here for access to the Oahu MLS and all available listings in the Kapolei area.

 

Oahu Real Estate Looking Forward in 2010

by John Riggins

What will happen with Oahu real estate in 2010 is unknown, yet certainly 2009 is a year that most are looking forward to putting in the past.  The first time home buyer tax credit helped kick start real estate sales on Oahu ion the latter half of the year, but the lack of true demand pushed home prices lower and helped make buying more affordable than the Hawaiian islands have seen in recent years.

During the first half of 2010 the homebuyer tax credit will continue to help lure buyers off of the sidelines and into home ownership on Oahu.  Home prices are likely to drop some more, interest rates have probably seen their lows.

Oahu real estate will slowly and steadily unfold, what 2010 will bring is yet to be seen but data has shown improvement in sales numbers and hopefully the pattern will continue.

Oahu Real Estate: Using the Tax Credit

by John Riggins

The First Time Home Buyer Tax Credit has been extended and expanded, providing an excellent opportunity for people to buy Oahu real estate.  The tax credit has been extended until April 30, 2010 and homes must be closed by July 1, 2010. The gist of the tax credit is:

  • First time home buyers are eligible for a credit of up to $8,000.
  • Current home owners who have been in a home for at least five years are also eligible, they are entitled for a credit of up to $6,500.
  • There are income limits for the tax credit.  For individuals the income limit is $125,000 and for married couples the income limit is $250,000.  Individuals who make between $125,000 and $145,000, and married couples who make between $225,000 and $245,000 are entitled to a partial credit.
  • The tax credit is for the purchase of a primary residence.

The extended and expanded tax credit offers great incentive for people purchasing real estate on Oahu.  Contact John Riggins today for information on Oahu real estate.

Federal Funds Making a Difference in Hawaii

by John Riggins

Over 1400 jobs have been created in Hawaii from federal stimulus money, good news for Hawaii and good news that the money is being put in the right place.  The majority of the jobs that have been created in Hawaii have been state jobs.  Money is also being used to stop job losses in Hawaii’s government, helping with budget cuts.

Much of the money earmarked for Hawaii is expected to create jobs indirectly, through projects like roads, highways and bridges, housing improvements and affordable housing.  On Oahu the rail transit system will create a number of jobs when it gets underway.

All in all the federal funds being used in Hawaii are making a difference, positive news in a shaky economy.

Kapolei is Hawaiian Living on Oahu

by John Riggins

Kapolei is known as the second city on the Hawaiian island of Oahu, Honolulu being the first city.  Kapolei is a booming place, one which has grown significantly over the past few years and one that is projected to grow well into the future.  Kapolei offers the best of what Hawaii has to offer, an amazing lifestyle, employment options, shopping and fabulous dining.

Kapolei has attracted some large national stores in the past few years, including Costco, Target, Ross and Sports Authority.  All of which were attracted to Kapolei because of its growth and its future potential.

Kapolei is Hawaiian living.  For more information on real estate in Kapolei contact John Riggins today.  John Riggins has the experience and knowledge necessary to make your Kapolei real estate search educated and informed

Real Estate Reports for Oahu Show Positive Improvement

by John Riggins

The latest report on real estate on Oahu by the Honolulu Board of Realtors is positive, very positive.  The report shows a marked improvement in real estate sales on Oahu were up over 45% in November, compared with November of 2008.  That is a huge improvement that has many believing that the bottom has already arrived.

While the improvement in Oahu real estate sales is evident many are still cautious.  The fear of the tax credit expiring is believed to have inspired many off of the sidelines and into Oahu real estate.  The tax credit has been extended and expanded and will most likely continue to help real estate sales.

Mortgage rates are still hovering at historical lows and it is a great time to purchase real estate in Kapolei, as well as elsewhere on Oahu.

Displaying blog entries 191-200 of 217

Contact Information

Photo of John Riggins REALTOR RB11175 Real Estate
John Riggins REALTOR RB11175
John Riggins Real Estate
1003 Bishop Street, suite 2700
Honolulu HI 96813
808.523.7653
808.341.0737
Fax: 888.369.3210