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Paradise Land and Homes   

Sellers & Buyers Frequently Asked Questions

Answers for Buyers at Auction:

Q: How is the Real Estate Property Transferred to me?

A: Generally, property is conveyed by Warranty Deed, free and clear of liens and encumbrances. This is sometimes called in Hawaii, Fee Simple Ownership. (Some exceptions for foreclosures, statutory  power of sales, etc. See "Terms and Conditions" of the particular auction for specifics). Closing costs are primarily governed by the means with which the property is purchased (all cash or mortgage financing). In Hawaii the Hawaii State Laws Governing Real Estate transactions apply, and typically a Title Company or Escrow House is used to facilitate the mechanics of the Purchase Contract. Should you have a preference for the use of one Title and Escrow company over another, and are familiar with those companies that do business near your residence, you should make this information known to the team at Paradise Auctions Ltd.; Paradise Land & Homes. The closing period is stated in the purchase contract, and announced at the day of the Auction by the Auctioneer. Generally it is no later than 30 days after auction.

Q: If I have the winning bid for Real Estate/Property when can I move in?

A: The Property becomes yours legally after "recording" of the transfer. In Hawaii this is done through the Bureau of Conveyances and/or Hawaii Land Court.This is the last step of executing the mechanics of the purchase contract through a Title and Escrow Company. Sometimes called "Closing", it is after the rightful seller has signed off on the deed and you have signed all necessary documentation too. The escrow process can take as much as 30 days, or as little as one week in some all cash transactions. If its a house, the keys are given to you that same day after recording clearance has been received by Paradise Land & Homes. 

Answers for Sellers at Auction:

Q: What are the advantages of Selling Real Estate at Auction?

A: When you sell real estate at auction, you the seller dictate the terms of the sale. This is contrasted by the traditional brokerage where the buyers dictates the terms. Here are some of the MANY advantages:

1.You sell your property on your time schedule, not the Buyers. Auction marketing of Real Estate generally requires 4 to 6 weeks. So 4 to 6 weeks after you sign your Auction Listing Agreement, you will have your auction. Closing is then typically within 30 days of the auction. What this means to you is that you can plan your future more effectively and confidently and the relatively quick process will reduce your holding costs.

2. Real Estate Auction Sales are "As-Is, Where-Is". What this means to you is no more "nickel and dimeing" because an inspector or buyer found this or that wrong with the house - no more disputes over condition of systems or other issues. The buyer purchases the property as they see it, and as it is.

3. Real Estate Auction contracts commonly have fewer or no financing contingencies. What this means to you is you have far greater certainty of closing on an auction purchase contract than a conventional contract.

4. At Auction, you sell your Property at the highest bid acceptable to you. You do not have to evaluate whether you left money on the table. The auction creates a competitive bidding environment. What this means to you is that you'll have the knowledge of what the market is willing to pay for the property, enabling you to make your decision to sell with certainty and confidence. The process of gathering all interested parties in one place at the same time gives you the best opportunity to obtain the highest possible price.

5.Paradise Auction LTD., Paradise Land & Homes is the only Auctioneer of Real Estate in Hawaii, the Only licensed, insured bonded Auctioneer AND Real Estate Brokerage in Hawaii THAT OFFERS ON LINE INTERNET BIDDING FROM BUYERS AROUND THE GLOBE. Worried about the current Economy? Worried about your neighborhood not bringing enough qualified buyers to see your property? We accept bids from anywhere!

Q: How often is Paradise Land & Homes Successful at Selling Real Estate at Auction?

A:  Paradise Auction LTD., Paradise Land & Homes has historically sold at least 85% of its Auction Listings. And for Institutional Sellers, Estates and Trustees, the percentage is historically above 90%. Rarely does an auction purchase contract fail to proceed to closing. This contrasts with conventional marketing/traditional real estate listings which historically have far lower success rates. Because of the absence of many of the contingencies in a typical real estate contract, auction sales contracts are far more likely to close. The Auction method is widely proven successful on the mainland, and typically is the bringing together of both extremely motivated buyers and sellers in one place at one time. What this means to you is a greater certainty of selling your property via a Real Estate Auction listing with Paradise Auctions Ltd., Paradise Land & Homes.

A: A key advantage of auctioning Real Estate is the benefits of customizing advertising and marketing programs. Auction Marketing typically consists of print advertisements, targeted direct mail, fax marketing, email marketing, property signs, internet web listings, and exposure through our members' services with Hawaii's Multiple Listing Service (www.hawaiiinformation.com) as well as constant on line viewing for bid on www.paradiseauction.com  Paradise Land & Homes, and Paradise Auction Ltd., have marketing professionals producing all advertisements and marketing materials with an eye towards highlighting your property's strongest features. What this means to you is that your property is exposed to the widest possible buyer audience, thereby increasing your possibilities of a successful sale at the highest possible price. In an auction marketing campaign, your property will generally be the ONLY choice in a given category or neighborhood...not one of the many listings from which a buyer will choose. In an area where multiple homes or other properties have For Sale signs in the yards, the Property with the AUCTION sign will garner most of the attention.

 Featured Properties Include:   

NEW LISTING!

HARD TO FIND SELLER FINANCING AVAILABLE HERE!!

LOCATION! LOCATION! A 3BR/2.5 BA Jewel in Big Islands' fastest growing rural subdivision. Located on a fully fenced, cleared & landscaped acre (lots of white pineapple) on a dead end street assuring quiet & privacy yet only 2 blocks off Hwy 130 (5 Minutes to either Pahoa to the south or Keaau to the northwest or 15 minutes to mega shopping in the port city of Hilo, pop.approx.45,000) Built just 3 years ago but shows like brand new ! Granite Counter tops and throughout, Vaulted ceiling, 2 car garage; much pride of ownership. Ready for your family to move right in or a super desirable rental. Bring kids, dogs, & even a horse or goat is permissible on the Ag-1 property. HARD TO FIND: SELLER FINANCE AVAILABLE!! With approx.15% down, this seller will offer to finance terms beginning at 3years at 6% interest for the remaining 85%, or perhaps other creative possibilities! If you've been looking for a family home to get with Seller terms, this is it! All offers considered, contact our office for showing availability today. (808) 938-4152. [For agents - on supra combo.] This property can be seen on very short notice, call our office for your private apopointment. MLS# 225719 or Tax key# 3-1-5-15-137 in Hawaiian Paradise Park. Sellers are extremely motivated, please prevent all offers.

Vaulted Ceilings  

Granite Throughout the Home 

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To see all 25 photos of this home, and get more information you can also go to

MLS#225719

 To make an offer on this or other properties call (808) 969-1831 or 1-800-810-1831

        GREAT LOCATION - Quality Corner Parcel Kaloli Hawaiian Paradise Park 

MLS# 221472

          One Acre Parcel at corner of Kaloli Drive and 8th Ave,selling below assessed value!

 visit also www.hawaiiinformation.com for additional data

To make an offer on this or other properties call (808)969-1831 or 1-800-810-1831

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ONE OF A KIND CONDO END UNIT, ON TROPICAL STREAM                        100% FINANCING  FOR QUALIFIED BUYERS