Ramesh Nyberg's Real Estate Blog

For those of you wondering about the The Palmer Trinity hearing, it was quite a circus. There were so many people that it has been continued to April 14th, 6pm at Southwood Middle School again.

There were so many people at the February 25th hearing that the auditorium filled up immediately, and about 300 people were packed into the cafeteria across the hall, trying to listen to two tiny P.A. speakers. Only a handful of the people in the front could hear anything, and it was largely a frustrating evening for most people who thought they were going to participate in this very controversial subject.

More to come on that, but there should be (if I improve as a blogger) a few more entries here before April 14!

Thanks for continuing to come back and check things out on my site. The numbers have increased steadily since the New Year, and I hope you'll bring your friends and family here. There will be more and more information to offer everyone, and I need and appreciate your feedback!

Ok, I'm guilty of thinking of football terms alot, but when someone in marketing mentioned the first "quarter" of the year being over at the end of March, I could scarcely believe how deep into the year we've already gone. I mean, aren't we still getting used to putting 2008 on our checks?

Maybe it's kids, or maybe it's a busy real estate life, but time is flying by. And how the landscape of buyers has changed. To begin with, my customers' buying needs have definitely shifted lately: they are contacting me in bigger numbers, for one. As a contrast to this time last year, when most of them were looking for mid-range single family homes, now I am working with many people looking to get a good deal on foreclosed properties and short sales, either for investment or primary homes. Price ranges on townhomes in Homestead, for example, can commonly be found under $100,000. Wow. And they are selling.

I am working with two customers looking in West Kendall right now, and they have their sights set on three bedroom townhomes, and we are seeing prices as low as $159,000 in places like Snapper Village. Pretty impressive! One thing to be aware of if you are getting ready to make a real estate move: the lending industry continues to change and tighten up. 100% financing is a thing of the past, and most of the banks involved in short sales and foreclosures are asking for pre-approval letters up front, at the time the offer is made. (If you need any help with that, call me, I've got someone who can get a pre-approval letter same day, even on weekends. You don't have to use him later, just get the letter)

Well, I've said it before, but more than ever, this is the time. The interest rates are way down, the prices are way down, and hey, the weather is pretty nice to go out house hunting too.