All of Maui's distressed, bank owned and short sale properties on Maui are noted in this section. Maui County has approximately 66,000 residential units including apartments, homes and condominiums. Year end 2011 statistics indicated that 10% of the active inventory were distressed. For mid- 2013, this figure has been reduced to 3% of our market.
The short sale and foreclosure (bank owned or REO) market is relatively brisk due to a lower than average price point, low interest rates and motivated Sellers. Relative to the national average the percentage of distressed inventory for Maui County is very low.
If this sector of the market appeals to you, be prepared. It is fiercely competitive. Often, there are multiple offers for the same property. Have your financing, or proof of funds to close the transaction available and in writing when you submit your offer. Get pre-approved for a loan and be patient as you may wait several weeks or longer for a response from the Lender (especially in a short-sale). Anticipate additional costs typically paid by the Seller. The trade-off, most distressed properties are listed below the market. In 2011, short-sales and foreclosures on Maui accounted for 38% of our market sales. For 2012, 26% were distressed properties.
This property is listed by TLC Realty LLC
This property is listed by TLC Realty LLC
This property is listed by TLC Realty LLC
This property is listed by Pacific Shores Realty
This property is listed by Coldwell Banker Island Prop(S)
This property is listed by Maui Ohana Real Estate LLC
This property is listed by Coldwell Banker Island Prop(S)
This property is listed by RealHome Services & Solutions
This property is listed by Moffett Properties LLC
This property is listed by TLC Realty LLC