This Year the Best "Black Friday" Bargains are in Real Estate!

Best Wishes for a Safe and Happy Thanksgiving from Kyle and Mona Bugdal.

The day after Thanksgiving is the biggest shopping day of the year, and this year the best bargains can be found in real estate! You may be surprised to find that your out-of-reach dream home from a few years ago is on the market and available at a fabulously affordable price today!

Buying a home is an investment in a family’s future. It's about having a place to call home, build a future and become part of a community. It is also the largest single investment most families make and helps to provide security for the future, with home equity being the largest component of personal wealth for about 90 percent of all Americans.

If you 're looking for a present that will last past the holidays just let us know - we'd love to help you find a great bargain in the real estate aisle! Just call 352-358-4117 or visit the website at www.gainesvilla.net.

This holiday, we are truly grateful for our friends, family and wonderful clients.

Happy Thanksgiving!


Kyle and Mona

A Break for Homeowners Facing Foreclosure

Freddie Mac and Fannie Mae have announced that they will work to help keep Americans in their homes, placing a suspension on foreclosures starting November 26, 2008 through January. 9, 2009.

Fannie Mae's website says, "The temporary suspension of foreclosures is designed to allow affected borrowers facing foreclosure to retain their homes."

Freddie Mac had a similar statement: "The temporary suspension is also expected to give servicers more time to help borrowers avoid foreclosure."

Every little bit helps.

The New FHA Loan

In July 2007, the real estate market changed. Due to the poor performance of subprime mortgages, investors lost confidence in the mortgages they were purchasing. Since then, the financial markets generally have been on a roller coaster ride, oil prices are rising, and nontraditional mortgage lending has virtually disappeared. The cost of credit has even been increasing for conventional borrowers. The discontinued use of exotic subprime mortgage products is not a temporary phenomenon. “Stated income” mortgage products are not returning to the market. It is unlikely that lenders will offer 100 percent financing products.

Where can a borrower with a low down payment or less than perfect credit find an affordable, safe mortgage? They can turn to mortgage products that are available from the world’s largest insurer of mortgages. Since 1934, the Federal Housing Administration (FHA) has insured more than 35 million properties. FHA products offer low down payments, competitive interest rates, and greater flexibility than most conventional mortgages. FHA is easier to use than ever before.

We will be happy to refer you to one of our preferred lenders to prequalify you for a loan on your new home.!

Why Choose a REALTOR with a GRI Designation?

I am please to announce that Kyle has obtained the Graduate Realtor Institute "GRI" designation!

When you see the letters "GRI" after an agent's name, you can count on receiving the knowledge and guidance you need to make your transaction go smoothly.

Buying property is a complex and stressful task. In fact, it's often the biggest single investment you will make in your lifetime! At the same time, real estate transactions have become increasingly complicated. New technology, laws, procedures and the increasing sophistication of buyers and sellers require real estate practitioners to perform at an ever-increasing level of professionalism. So it's more important than ever that you work with an agent who has a keen understanding of the real estate business. The GRI program has helped the best and the brightest in the industry achieve that level of understanding.GRIs are:

* Nationally recognized as top performers in the real estate industry
* Professionally trained
* Knowledgeable
* Dedicated to bringing you quality service

A GRI can make a difference. In short, you can count on getting the best service available from a real estate professional. Don't you deserve the best? :-)