Locals are being pushed out of the real estate market. Let’s give you a fighting chance.

It happens all the time now… there are multiple bids on one house due to low inventory. The seller of that property now must review all the bids and choose only one from many. How do they determine which buyer to choose? Sometimes, a compelling story of the local family on the cover letter of the bid helps. But many times, cash is king. The out-of-state, or out-of-country investor often comes in with cash, making it a more attractive offer because sometimes the local buyer with mortgage loan conditions takes a little more work and time, giving it some risk to close on time or close at all. So as a seller, sometimes the path of least resistance (cash) wins.

With the average prices of single family homes in Oahu over 1 million, and condos over 500k according to the Honolulu Board of Realtors, what percentage of locals has that kind of cash readily available to compete?

USA Mortgage launched our “USAdvantage” program where we are winning bids in the mainland because we are able to issue a certified cash offer letter with funds ready for closing to our clients who qualify, and we can now offer this in our USA Mortgage Hawaii branches to help our local buyers. There are no third-party cash companies involved, and you own the home the day we close.

We have branches on Oahu and Big Island, and looking to expand further. Our team has several years of lending experience locally, and being a 100% employee-owned company shows in the care and effort we put into each client. Please reach out to us for more information at 808-427-6454 or Aloha@USA-Mortgage.com