28% is average on a Maui REO listing

By
Real Estate Agent with Jeff Griffin LLC RB-18258

Out of 50 single family homes, not condos sold this year (2009) 13 of those home buyers paid more then list price and 37 of those home buyers paid less then list price.

By my calculations out of these 50 homes there was a 28% price reduction at closing from the original listing price. Interesting enough we’ve read that the banks (REO) will take 40% less then foreclosure price, yet our Maui statistics show us that 28% is the average. Thanks for asking let me know if there is anything else I can do to help you.

 

Aloha Jeff Griffin 808-280-3442

Posted by

In this volatile Real Estate market it is important to understand the many facets of this changing market, appraisers begin to pen this (2013) market as a recovering Real Estate market, with the ability to increase the appraisal by .3/4 per month of last comparable sale. When choosing a Realtor/Broker keep in mind the many attributes that bring in expertise, short sales, foreclosures, REO’s and the continuing straight forward Multiple listing sales. I have experience in every market, in every condition.

Call me for advice in each and every area of today’s Real Estate market.

 

It is nice to be important, yet important to be nice.

Maui News Front Page Article

If you have any questions what so ever on Maui foreclosures, call me directly and I have the inside scoop as I attend the auction everyday.

Jeffery B. Griffin Realtor® (Broker) e-Pro GRI

808-280-3442 cell

Jeff Griffin LLC 

2020 Main Street

Wailuku, HI 96793

The sale information being made available to you through this blog is a courtesy only. No guarantees are being made as to its completeness or correctness and this information is subject to change at any time.

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Location:
Hawaii Maui County Wailuku Old Wailuku
Groups:
Hawaii Real Estate Professionals
Local Expert
Short Sales Pre Foreclosures Bankruptcy and More!
The Hawaiian Connection
Tags:
maui foreclosure
hawaii foreclosure
wailuku foreclosure
kahului maui hawaii
kahului foreclosure
hoapili hale
kamaaina properties

Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the leaf to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the tshirt to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Show All Comments
Rainmaker
951,537
Georgie Hunter
Hawai'i Life Real Estate Brokers - Haiku, HI
Maui Real Estate sales and lifestyle info

Interesting that there were so many over list price.  Good luck with your new Haiku listing - I'll certainly keep it in mind.

Oct 08, 2009 09:38 PM #1
Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the cat to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Show All Comments
Rainmaker
324,401

Jeffery Griffin

R
Can you inform me about these foreclosures?
*
*
*
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the umbrella to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Additional Information