Kapolei Real Estate: Foreclosures Offer Great Buying Opportunity
Photo courtesy of Christopher Dale
Kapolei is an area on Oahu with a number of foreclosures, offering a great opportunity to buy real estate. According to a recent article at PacificBizJournals.com “statewide (Hawaii), the number of foreclosures shot up almost 300 percent between the first half of 2008 and the first half of 2009 to 3,603 filings, according to data from RealtyTrac. The increase from the second half of 2008 to the first half of 2009 was 53 percent, according to the Irvine, Calif.-based company.” According to the same article the increase in foreclosures on Oahu is focussed on five neighborhoods, Ewa Beach, Waikiki-Kapahulu, Waianae, Kapolei and Waipahu. The increase of foreclosures is creating a buyer’s market which has not been seen for years and may not ever be this good again. If you have been wanting to own real estate in paradise there could not be a better time. To look at real estate on Oahu or explore your options before reaching foreclosure contact John Riggins today. John Riggins is on of only for CDPEs (Certified Distresed Property Expert) in Hawaii and can help use his knowledge and expertise to make your real estate transaction as easy as possible.
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.
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July 30th, 2009 at 10:32 pm
[...] economy may be on shaky ground but a newly planned commercial center for office and retail space in Kapolei has almost sold enough space to break ground later this Summer or possibly Fall. Hamuea Center [...]
August 14th, 2009 at 7:13 am
[...] Kapolei real estate could be a true real estate bargain these days as record foreclosures hit Hawaii. A recent article in the Star Bulletin recognizes the dramatic increase of foreclosures in Hawaii and the fact the the numbers increase Hawaii’s national ranking from number #40 in 2007 to #15 today. The number of foreclosures is certainly disappointing for the home owner as well as the lenders involved but it opens a new door for the real estate investor, making Kapolei real estate more affordable than in recent years. On the flip side, if you are a home owner who thinks he is facing foreclsoure contact John Riggins today. John Riggins is a CDPE (Certified Distress Property Expert) and can help save you from foreclosure. Whether you are looking for a real estate bargain or looking to save your home in Kapolei, John Riggins is the Realtor to call. [...]