Foreclosure Pipeline – never turn your back on a wave!

Scott with his 'old school' long board

Surfing waves the size of buildings takes a kind of courage and character few have.  My husband Scott used to surf big waves… in fact love of the ocean is what brought us together.  

In San Francisco, he surfed under the Golden Gate bridge hunting for big waves, or we’d all drive down to Mavericks on the weekend, where you’d find me by the bonfire with coffee and hot chocolate ready.

I never really understood…freezing cold water, getting beat up and bloody.  He’d come out of the ocean various shades of blue,  like he was crossing the tundra in Dr. Zhivago, but with a huge smile.  When we moved to Kauai where he first learned to surf in the 70’s – I got it!

From his passion for surfing I learned a lot about life. In fact, pretty much everything I need to know is in the ocean.  Living on Kauai has brought me even closer to those rhythms.  If the set curls left, then go left..

As giant 40 ft waves hit the shores of Hawaii and during last week’s 2009 Pipeline Masters on Oahu, there’s been a mix of press about foreclosures that reminds me of lessons I learned from Scott, watching the big wave sets.

The biggest lesson I learned was to “never turn your back on a wave.” If you’re not a surfer, check-out this clip from a movie about  Mavericks. You’ll see how dangerous the calm between sets can be when you get caught inside.  The bigger the wave, the deadlier the risk.

You don’t want to get caught ‘inside’ the incoming foreclosure sets. For sellers, it’s like turning your back at Mavericks or Masters.  Allowing the calm between waves to lull you into believing the set is over is just as dangerous for sellers as it is for surfers.  In recent press like the article below, it seems some are doing just that:

On the horizon huge sets are still coming in.  We are years from getting through this foreclosure big wave surf. These articles seem to be from industry ‘surfers’ who are actually watching the incoming sets:

So what kind of board do you need in this market? 

  • For sellers in distress, a short sale ‘board’ with a trained realtor. 
  • Sellers who want to sell, but aren’t in distress need to understand the foreclosure market is the market right now.  Pricing has to be competitive with REO’s and foreclosures. Short sale expertise and training will help you navigate these waters.
  • Buyers also need a short sale expert. Riding foreclosure waves as a buyer isn’t easy.  There are lots of surges and surprises – and you’ll want a realtor with experience and training.
  • Whether purchasing a short sale, REO or “regular” listing, knowledge of the foreclosure market from your realtor is like your ankle leash.  

Go ahead! Jump in the water, surf Kauai real estate.  Please know I’m here to help. My training as a Certified Distressed Property Expert, and experience with successfully closing short sales can be your tow-in.  Contact me and we can make sure you enjoy the water.

PS – yesterday I won a $100 gift certificate from a local surf shop.  Maybe it’s time for me to get a long board and try the old man (or in my case – old lady) 2 ft waves….

Advertisements

About Susanna "Susie" Kunkel, RA

With a belief that life is too short to not follow your dreams, Susie and her daughter became new Kauai residents in less than 4 months after visiting for the first time in 2000. She brings a wealth of information from her background in administrative, contract and paralegal work in a variety of industries including technology, investment banking, biotech and estate planning. As a Realtor, Susies's tenacious and technical approach have earned her a large group of extremely loyal clients. Susanna is a steadfast believer in "The Golden Rule", and applies it to her approach as a Realtor. "Each client and each property are unique, so it's important to me to listen intently to what my clients' goals are, and to make sure I go above and beyond to help meet them."
This entry was posted in Kauai foreclosures, Kauai market updates and tagged , , . Bookmark the permalink.

One Response to Foreclosure Pipeline – never turn your back on a wave!

  1. Pingback: Kauai Real Estate Year-End Statistics | Real Estate Foreclosures

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s