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- 91 Answers
- 28 First Answers
- 19 Useful Answers
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About Me
Hello! I am a lifetime resident of South Florida, and a Realtor with Coldwell Banker. I am also a FULL TIME, TOP PRODUCER in my office.. in 2007 I was awarded Coldwell Banker's INTERNATIONAL STERLING SOCIETY AWARD, putting me in the top 5.7% of all CB agents nationwide.
I am very fortunate to be with the Pinecrest North office, the #1 office in Miami-Dade County for the last 8 years in a row, and Florida's #1 office the last three years! I am a Certified Home Marketing Specialist, and I can help you track EXACTLY what is going on in the real estate market, and focus it to your neighborhood, or the area you want to buy.
I can also assist you with Commercial Real Estate ventures.
Let me help you with any real estate questions you may have. I look forward to talking with you. 786-205-1133, or rams.homes@gmail.com
I am very fortunate to be with the Pinecrest North office, the #1 office in Miami-Dade County for the last 8 years in a row, and Florida's #1 office the last three years! I am a Certified Home Marketing Specialist, and I can help you track EXACTLY what is going on in the real estate market, and focus it to your neighborhood, or the area you want to buy.
I can also assist you with Commercial Real Estate ventures.
Let me help you with any real estate questions you may have. I look forward to talking with you. 786-205-1133, or rams.homes@gmail.com
Testimonials
"I listed my townhouse with Ramesh Nyberg and he sold it in a short period of time in 2006, when sales were slow. After that I asked him to find me a new construction place, and he did a great job of finding my new home and guiding me through the sales process. Ram is very easy to work with and really listens to his clients."
Joi Neale Wed Nov 14, 2007
Joi Neale Wed Nov 14, 2007
"Ramesh sold our home in a very tough market. He put a tremendous amount of energy, time, and expense into his efforts, and it paid off. We are very pleased with his hard work."
Leon and Robbin Evans Mon Apr 2, 2007
Leon and Robbin Evans Mon Apr 2, 2007
"I recently purchased my second home with Ramesh’s help. It was a delightful experience. Not only is he very professional, but he can identify with your needs immediately. I highly recommend him to
anyone who is buying or selling property."
Maite Granda Thu Oct 26, 2006
Maite Granda Thu Oct 26, 2006
"Ram helped us buy our first home, and we were really scared. He helped us so much, and made it all easy. We couldn't have done it without him!
- Nick and Elora, buyers"
Nick and Elora Sanchoo Tue Sep 25, 2007
Nick and Elora Sanchoo Tue Sep 25, 2007
My Q&A
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Ramesh Nyberg's Questions (0)
Ramesh Nyberg's Answers (91)
Ramesh Nyberg answered:
Lucia,
It is difficult to predict what the bank will do, because each bank behaves differently when it comes to short sales. I have dealt with sellers and buyers in short situations, and there is little consistency as to how a bank handles everything, how they deal with debt, etc. Cindi brings up an excellent question: do you have a hardship? This is what the bank will determine first, and they will likely ask you to do some sort of hardship letter, along with a financial statement showing your income, your spending, your debts, your assets, etc.
Research sites such as the one Cindi noted, and talk to your accountant as well.
Good luck.
It is difficult to predict what the bank will do, because each bank behaves differently when it comes to short sales. I have dealt with sellers and buyers in short situations, and there is little consistency as to how a bank handles everything, how they deal with debt, etc. Cindi brings up an excellent question: do you have a hardship? This is what the bank will determine first, and they will likely ask you to do some sort of hardship letter, along with a financial statement showing your income, your spending, your debts, your assets, etc.
Research sites such as the one Cindi noted, and talk to your accountant as well.
Good luck.
Ramesh Nyberg answered:
That is possible. It may cause buyers to also offer less, knowing they may have the burden of dealing with the problem in the future.
As Bill said, contact the municipality you are in, and find out what exactly needs to be done to bring it up to code.
As Bill said, contact the municipality you are in, and find out what exactly needs to be done to bring it up to code.
Ramesh Nyberg answered:
Aaron,
You are quite correct, that this is the optimal time to buy real estate. It is very hard to answer your question without knowing where the property is, whether it is a single family home or townhouse, etc. Generally, the "list-to-sale" ratio is 8% to 10%, depending on the area, so an offer 20% below asking price is not unreasonable at all. Again, I would need more information.
A big question comes to mind: Why isn't your realtor answering these questions for you? Doing that kind of research and helping you with an offer strategy is his/her job!
You are quite correct, that this is the optimal time to buy real estate. It is very hard to answer your question without knowing where the property is, whether it is a single family home or townhouse, etc. Generally, the "list-to-sale" ratio is 8% to 10%, depending on the area, so an offer 20% below asking price is not unreasonable at all. Again, I would need more information.
A big question comes to mind: Why isn't your realtor answering these questions for you? Doing that kind of research and helping you with an offer strategy is his/her job!
Ramesh Nyberg answered:
Andrea,
The entire real estate market has been depreciating for some time. Some areas have declined more than others. I would say that areas like Coconut Grove, the Gables, Pinecrest, South Miami, and the Falls have actually seen a shallower decline than areas like Homestead, Cutler Bay, and other areas which have not seen as much overdevelopment.
As long as incoming inventory is higher than sales, prices will go down. So the short answer to your question is, yes, prices will continue to go down, but not as badly as other areas. We have seen a pick up sales in many areas the last couple of months, so if there is a specific neighborhood you are looking at, get in contact with me and I'll get the exact data for you.
The entire real estate market has been depreciating for some time. Some areas have declined more than others. I would say that areas like Coconut Grove, the Gables, Pinecrest, South Miami, and the Falls have actually seen a shallower decline than areas like Homestead, Cutler Bay, and other areas which have not seen as much overdevelopment.
As long as incoming inventory is higher than sales, prices will go down. So the short answer to your question is, yes, prices will continue to go down, but not as badly as other areas. We have seen a pick up sales in many areas the last couple of months, so if there is a specific neighborhood you are looking at, get in contact with me and I'll get the exact data for you.
Ramesh Nyberg answered:
Hi Mahen,
If you are looking to buy for investment, and you are planning long term (5 years minimum) for a decent rate of return, then either area is fine. Miami is more of a "destination" spot, of course, but Tampa also has its good points. I specialize in the Miami area, and, having grown up here, can help you with everything you need down here, including financing issues. Feel free to contact me when you are ready.
If you are looking to buy for investment, and you are planning long term (5 years minimum) for a decent rate of return, then either area is fine. Miami is more of a "destination" spot, of course, but Tampa also has its good points. I specialize in the Miami area, and, having grown up here, can help you with everything you need down here, including financing issues. Feel free to contact me when you are ready.
Specialties
Residential Real Estate in the areas of Palmetto Bay, Pinecrest, Cutler Bay, Falls, Kendall, South Miami, and Coral Gables
Experience
Latest:
Realtor-Associate for Coldwell Banker
I could not have made a better choice than with Coldwell Banker. They give you the best training, and the best resources for success. It's no wonder that we are the premier residential brokerage in the entire state. And my office has been number one in Florida for three straight years!
October 2005—present
Certifications & Awards
Certified Home Marketing Specialist
International Sterling Society Award 2007
TransNational Certified
Residential Community Commercial certified
International Sterling Society Award 2007
TransNational Certified
Residential Community Commercial certified
Interests
Music, reading, football, boating, people
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