Hawaii Foreclosures Rise 340 Percent
Up until the last few months Hawaii was in the bottom third of all states for the amount of foreclosures. Hawaii foreclosures rose a whopping 340% in September compared to the same time last year. They were up approximately 76% from last month and that was a huge increase as well compared to last year same time period.
I guess the economists from Bank of Hawaii and the presidents from the larger real estate firms here on the island of Oahu were wrong again. They were saying 2 years ago that the Hawaii real estate market would not be affected and would just level off. They were even saying that just a few months ago as well. Lets be real, the Hawaii real estate market is going to adjust downward just like any other market and has been doing so for the past 2 years.
Hawaii real estate is a lot more affordable compared to two years ago. If you are buying for long term it may not be a bad time to buy because you can not predict the exact bottom of the market. If you are buying and planning on selling in the next three years, I would suggest holding off a bit to see what the market is going to do. Now with all that said, there are some great deals if you are patient and you do your home. The rise in Hawaii foreclosures creates prices to soften and great buying opportunities. Not just foreclosures either, it forces the really motivated sellers to compete and lower their prices as well.
Feel free to contact me and myself or one of my partners can help you locate a property that makes sense for you.
Jeff Mansons Hawaii Real Estate Site
Well, I have finally launched my personal site.
Here is a quick update about the launch.
My new hawaii real estate search is up and seems to be working well. Most of the feed back has been great. The search is much faster than the old site. Users can do more detailed advanced searches. They can sign up to get email alerts of their saved searches and even choose the frequency of the alerts (daily, Weekly of Never). Plus they can save multiple searches and could not on the old site. They even can manage there account in their profile area.
Here are some features that are not yet live that will be coming soon:
Save favorites
Interactive Map
Map it function.
Much more!!
We would love to here more feed back so we can keep improving the user experience.
Cybersunshine My Negative Experience
I recently had my website re-designed and we changed our IDX real estate website provider A lot of friends have been contacting to let me know how much they like the new site and what a huge improvement the new site is. They also have been asking why I changed companies and some of them are even people I had referred to Cybersunshine.
Here are top 5 reasons why:
1. Cybersunshine was not completely honest with us on several occasions.
2. Their customer service was horrible - Response time to problems was very slow and Cybersunshine very often would tell us there was not a problem when there was.
3. They deleted our property data with no back up and the site had no property search or properties to view for a week.
4. I requested 3 times by email and left several messages on the owner’s voice mail that I needed my user data from my data base and they didn’t get back to me for 10 days.
5. Paid for VIP search they never integrated on change Request #10173 plus paid extra for rushes they never delivered on.
Here is the main reason and the final straw:
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