Dont Make the Mistake that most people will..

Is it time to buy yet? Are we on the bottom? We are sitting on the bottom. There is another wave of Pre-Forclosures and Foreclosures coming with the 5-year arms getting ready to reset. See this excerpt from Reuters.

HUD sees signs of stabilization WASHINGTON – May 1, 2009 – The housing market is looking healthier, but U.S. Housing and Urban Development Secretary Shaun Donovan said Wednesday that it is too early to tell if the recovery has taken hold.“We do have some early signs, I think, that the market is stabilizing. Since January, what we’ve seen is both prices and sales volumes moving up and down around a relatively stable number,” Donovan said. Donovan said he was optimistic that President Obama’s policies are bolstering the market.“I think in particular when you get below the national level what you see is that in markets like California that were the hardest hit, that is where the signs (of recovery) are the strongest,” he said. Source: Reuters News (04/29/2009)

Its Fishing season for deals. With thousands of people in Financial distress short sales have become a very viable investment or end user option. It helps the homeowner come from underneath a bad real estate purchase and in many cases shows up on their credit report as "Paid as Agreed". It also helps the bank avoid the Forclosure expense and minimizes the pain for both the Homeowner and Financial Institution.

For Information on Short sales or Foreclosures visit my website at www.NaplesMarcoislandproperties.com or contact me at:

Kurt Petersen CDPE, CIPS, ABR
"Certified Distressed Property Expert"
Broker-Associate
Amerivest Realty
239-261-9719
kurt@premierworldwideproperties.com

The Myth of Short Sales

Has Your Realtor told you to avoid Short Sales? Did your Realtor tell you that they never close and you would be waisting your time? Heres the facts: Banks would prefer to do a Short sale over a foreclosure because going through the Foreclosure process is more expensive. Banks are now becoming more open to the short sale process as they are figuring this out. The Realtor plays a major part in whether the bank will accept a Short Sale offer or not. Most realtors still are not educated in the Short Sale process and will avoid them. If you have found a short sale you would like to pursue locate a CDPE (Certified Distressed Property Expert). These realtors are educated in the Short Sale process and know how to package the offer to the bank. There is a lengthy multi page process they need to go through so that the loss mitigator from the bank can manage it. Loss Mitigators from banks are seeing 300 new files on their desks a week and its confusion in those offices.

For More Information contact:

Kurt Petersen CDPE, CIPS, ABR
Broker-Associate
Amerivest Realty
Naples, Florida
239-777-0408
www.NaplesMarcoIslandProperties.com

NEWS RELEASE

Kurt K. Petersen Achieves Membership in
Elite International Real Estate Network

Naples, Florida April 2, 2009 – Kurt K Petersen of Amerivest Realty will be awarded the prestigious Certified International Property Specialist (CIPS) designation and will join a worldwide referral network of elite global real estate practitioners with expertise in working with international clients as well as immigrants. The CIPS Designation is awarded by the National Association of REALTORS® (NAR), which represents over 1,200,000 REALTORS® in the United States. Petersen will be formally recognized at NAR’s Midyear Legislative Conference & Trade Expo in Washington, D.C. on May 13, 2009.

Members of the CIPS Network are crucial players in today’s global real estate market. The CIPS designation recognizes members who have achieved the necessary training and experience to work successfully with international clients and properties. To earn the CIPS designation, REALTORS® complete rigorous coursework devoted to learning cultural differences and international business practices. Designees must also prove achievement in international real estate transactions. Petersen joins a distinguished society of over 1600 real estate professionals throughout the world who have earned the CIPS designation. “This is a highly prestigious award in our industry,” said Barbara Schmerzler, CIPS, and NAR International Operations Committee Chair. “Petersen is now established as an expert in international real estate.”

For more information on the CIPS designation, contact the National Association of REALTORS® Fax-on-Demand number, 1-800-354-2831 in the USA and Canada, or 1-732-544-2851 internationally or visit the CIPS Network website at www.realtor.org/international.