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:
- Foreclosures on Neighbor Isles Continue to Fuel Statewide Rate
- Historic U.S. Unemployment
- Hawaii foreclosures up 122 percent – Pacific Business News
- Foreclosure backlog estimated at 1.7M
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.