by Dan Polimino | May 15, 2008 | Investing
Quick Answer: National housing bailout plans generally focus on distressed primary homeowners and FHA-insured mortgages. Because of this, they usually have little direct impact on the luxury second-home market on the Kona-Kohala Coast. However, broader economic...
by Dan Polimino | Apr 14, 2008 | Investing
Quick Answer: Buying a distressed luxury property on the Kona-Kohala Coast can offer significant value, with some properties selling for 30–40% below peak market value. However, it requires careful due diligence and an understanding of the specific foreclosure type to...
by Dan Polimino | Mar 26, 2008 | Investing
Quick Answer: While foreclosure deals in some mainland markets can offer significant discounts, the luxury real estate market on the Kona-Kohala Coast of Hawaii rarely sees distressed properties that present true “deals” in the traditional sense. Current inventory is...
by Dan Polimino | Mar 17, 2008 | Investing
Quick Answer: In Hawaii, an “as is” sale means the seller will not make repairs, but they are still legally required to disclose all known material defects. This helps protect buyers, even when the seller is not offering to fix any issues. Key Takeaways: Navigating...
