New Kolea REO (Foreclosure) Released Today

One of the only two remaining foreclosures in the pipeline at the luxury Kolea condos at Waikoloa Beach Resort came on market a few moments ago. The 2 bedroom groundfloor condo Kolea 15G is priced at $429,900 (MLS 251456).

Even a foreclosure at Kolea still has the pocket doors and summer kitchen on the lanai.

I don't think it is accidental that the listing agents for REO properties (bank-owned after foreclosure) release their hot listings on Friday afternoon. If history repeats itself, the lucky new owner will be either a cash buyer or one with the foresight to have a prequal letter in hand to submit an offer over the weekend.

If that's a bit too quick for you, or you prefer the 3rd floor, Kolea 16J (my listing) had a price reduction to $499,000 today. That is a short sale and also requires a buyer preapproved by a lender or with cash in hand.

Let me know if you are ready to buy the lowest priced Kolea condo on the market!

A hui hou

Beth