"Residential real estate market slow to rebound"
- Sales volume rose .98 percent from 2009 to 2010
- Sales occurring at the low and high end of the market
- five (5) month moratorium on non judicial home foreclosures pending in Hawaii legislature
- based on current inventory, it's a buyer's market
- New Kauai Board of Realtors president's insight in a Q and A format
However, the deals go quickly. With the advent of the internet, consumers are savvy in finding information. If you are interested in obtaining a "deal", as soon as you see a property that interests you, you'll have to pick up that phone, call your realtor and be ready to submit an offer. That means you need to be prequalified, if you need to borrow money. You should also be firmly decided on what your parameters are: where you want to live, the features of the home you MUST have (3 bedroom, 2 bath, oceanview, school vicinity, etc), how much you want to spend, etc. Otherwise, while you are discussing the nuances of purchasing this "deal", the other person has already submitted an offer right under your nose. Trust me, I've seen it happen once too often.
Better yet, find a realtor beforehand and provide him with all your requirements. When a "deal" pops up, you'll be among the first to know...and you'll have an offer in contract ready to submit to the seller's agent as soon as the ink from your signature dries!