D'nile is not just a river in Africa...

We are finally seeing a change in the real estate market and there are many good opportunities for buyers and sellers. You've heard that? It's true the Nile is not just a river in Africa, many of us are in denial. We tell our clients and customers there are many positive things going on in the market these days. We get excited about showcasing a new listing and finding out there's much interest in a property we have for sale. Then we find the truth behind the 'situation' and we are encouraged but reluctant to admit, times are still hard and we may be in for a long drawn out process with an end result that may lead us back to the drawing board, square one, the beginning. Bottom line, no bottom line, nothing spent, other than marketing dollars, certainly nothing earned.


Now in the news:

Banks are putting a Freeze on Foreclosures. How are homeowners affected? How are buyers affected? How long will it take to purchase that foreclosure now?

How will short sales be affected with banks freezing the process for foreclosures? Can we expect more red tape and an even longer process? Will there be additional options for sellers that wish to stay in their homes? Will banks work do more to work with existing owners?

What may we do pro-actively to keep our clients informed about a process that has us all looking very hopeful yet feeling very woeful? It's the sign of the times and we are going to have traverse many obstacles in this transmogrified industry. We must continue to create options and opportunities with patience and perseverance.

I really thought getting back to business would mean getting right to work. It seems I may have been in Denial. This business is a tough business yet I know it's worth it.

Read more about Foreclosure Freeze:

http://moneywatch.bnet.com/saving-money/blog/home-equity/will-chases-foreclosure-freeze-fix-the-housing-market/2853/

http://www.upi.com/Business_News/2010/10/02/BofA-joins-others-in-foreclosure-freeze/UPI-76011286021165/

Miami Beach