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market conditions: New Year's Eve Mortgage "Surprise"? - 01/11/10 08:55 AM
 
 
The mortgage crisis is still a nightmare.  As a real estate agent for 29 years I try not to have surprises for my customers but, it seems that this market keeps them coming. My client was putting down $90,000 on a $134,000 home. Wouldn’t anyone think that was a slam dunk? Wrong: Turned down because the house to be purchased was a flip only purchased 93 days before contract.
Yes it appraised. The owner had purchased it on the court house steps, fixed it up and put it back on the market for market price.  But, because it was … (2 comments)

market conditions: Headlines Say It All in SW Florida - 05/07/09 06:31 AM
We were first in, first to drop and first to recover.  The numbers say it loud and clear. In April, Cape Coral had nine new building permits and there is a large increase in remodeling permits.  These permits are for pools, docks, commercial and other fix ups.  The deals of neglected homes are being snapped up and fixed up.  These homes are fulfilling lots of dreams.  It is a 27% increase since the beginning of 2009.  That is huge.
  Folks bemoan the loss of property values and the foreclosures.  This news made national media attention and has brought buyers from all … (0 comments)

market conditions: I TOLD YOU SO! - 02/25/09 06:53 AM
Last night Lee County Market Watch confirmed what we in the real estate business already new.  The market is hot.  Ask any seasoned real estate agent and they will tell you this; " I've had these buyers out for 2 days from 9-5. Every time we go to write an offer I find the listing agent has 5 to 10 offers already in on the property."  This story is being played out all over town.  Buyers are frustrated. Realtors are exhausted. Buyers come in with the preconception that prices are still falling. Frankly, I don't see that.  There are just too … (5 comments)

market conditions: RENT VS. BUY IN CAPE CORAL AND FORT MYERS - 07/29/08 11:06 PM
Recently I've been working with a young single father looking to buy a home.  It is critical that his payment stay in an affordable range near his rent payment.  He is admittedly living in a less than desirable location on a main road in a duplex but he makes only so much money and is afraid of getting in a bad situation. Due to some health issues with his child he is reluctant to spend what the mortgage companies say he can. I say good for him.   But, my job is to prove to him that renting is getting him no … (0 comments)

market conditions: Once-in-a-lifetime-opportunity - 07/20/08 11:42 AM
Cape Coral and Fort Myers are one of the hardest hit with market decline but as I explained before, if we are the hardest hit, we are the best investment. Interest rates amazingly low. Once-in-a lifetime-opportunity! If you wait too long someone else will be gathering their family around the Christmas tree in your family's dream home.
A recent commentary by Dennis Kneale of CNBC dramatically illustrates what we are experiencing is a simple market correction and a return to rationality.  Cape Coral and Fort Myers are the picnacle of correction.  After all that is what "free markets do" . While congress … (0 comments)

market conditions: Changing market - 08/22/07 08:23 PM
I don't know about you, but my phone is ringing more.  I'm starting to see signs of a changing market.  I mean the slide seems to have slowed and stopped in some cases and there are buyers starting to buy.  Gerard Marino a commerical agent, wrote an excellent article in Sundays Newspress.  I hope to have the link for you by tomorrow.  The title is "Sky not falling in local real estate market. Demand for homes has leveled off":I spoke at  length with him today and  agree.  He did the research and ran the numbers and the huge listing inventory is shrinking and … (2 comments)

 
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Linda Flack- Cape Coral, Fl

Cape Coral, FL

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Royal Shell Real Estate

Address: 1870 Clayton Ct., Fort Myers, Fl, 33907

Office Phone: (239) 689-7653

Cell Phone: (239) 910-0345

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