Aiona Island Realty, LLC
REO Sales
Servicing REO Properties in Hawaii County
REO Service experience in the Hawaii County Area including:
- South Hilo
- Puna
- Hamakua
- North Kohala
- North Kona
- South Kohala
- Kau
Major Towns & Zip Codes:
Hilo, (96720), Pahoa (96778), Keaau (96749), Kurtistown (96760), Mountain View (96771), Papaikou (96781), Pepeekeo (96783), Honomu (96728), Honokaa (96727), Kamuela (96743), Hawi (96719), Waikoloa (96738), Kailua-Kona (96740), Holualoa (96725)
Our Services
Our team provides Asset Managers the following services:
- BPO Valuations: Fast, Accurate, Comprehensive Drive-by and Interior
- Occupancy Reporting "Cash for Keys" Negotiation
- Property Security: re-key services, "no trespassing" signage
- Utility Hookups
- Make-Ready Repairs: landscape maintenance, trash-out services, cosmetic repairs, structural repairs
- Timely, accurate, and consistent communication of property status
- Marketing: MLS, Internet and Print Advertising, Broker-to-Broker
- Contracts: Prompt and Accurate Management of Negotiation and Documentation
- Escrow Facilitation: Coordination With Title Companies
- Reporting: Consistent and Accurate Status Reporting
Helpful Tips for purchasing an REO property
Keep your offer fair
During the first 30 days that the property is listed it can be hard to negotiate prices but after that the listing price can be easier to negotiate. When making a formal offer keep in mind some foreclosure properties have been sold for 2/3 the original price but not much less.
Be your own advocate
Being your own advocate means that you ask for what you need while respecting the needs of others. Don't be afraid of taking the initiative to ask directly and specifically for what you need.
Practice Due Diligence
It was always a good choice to practice due diligence whenever looking at a foreclosure property .Like any other perspective investment it is very important to confirm facts and do some research on the foreclosure. A good resource to check is the Hawaii county website (www.hawaii-county.com) for permits, real property tax bill, and the assessed value of the property you are interested in.
The Importance of a Home Inspection
It is important to make sure that you have a presale inspection before you buy a house. Buying a home is a big investment, and you can find yourself unpleasantly surprised when something has to be fixed later on down the road. Foreclosure properties are sold "as is" so it would be a big benefit to have knowledge of pending repairs.
The Value of being Pre-Qualified
When you decide to put an offer towards an REO property is really important to be pre-qualified. Most sellers will not accept any offers without a pre-qualified letter. It is a good idea to call different mortgage companies to check rates and costs to compare loan costs.
Annette M. Aiona, REALTOR®, ABR
Aiona Island Realty, LLC
234 Waianuenue Ave, Ste 108
Hilo, HI 96720
Office:(808) 935-3222
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