I keep reading about the perpetuation of DOOM & GLOOM, so I gotta tell you I've got a BIG problem! You see I'm a mortgage loan officer in the Cape Coral area and there's just toooooo many CASH buyers coming into the area.
Let me make this perfectly clear!
Tooooo much $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
I was speaking with one of my favorite Realtors at a closing the other day. I asked him about how I could earn a greater portion of his business. He told me that out of 70 sides this year 63 were $$$$$. There it is again. Just too much $$$$$.
We have many well qualified first time buyers who become frustrated in their property search due to multiple offers on each property. Many or most which are sold to, you got it;
CASH BUYERS!!!
You knew the answer, because you've been paying attention, right?
So, when I scout the morning news on the net and I see all the doom & gloom I have to wonder why there are not any articles about this phenomenon, because if you're involved in this market, and don't have your head buried in the sand, you can't miss it.
Let me point out that these are not the type of investors who destroyed our markets. Those were actually speculators, kinda like in the gold rush days, looking for the quick killing. Our new and improved investors are, in most cases, strong financially, with deep pockets.
Now the obvious. They must be seeing something they like, BIG TIME!
Might that be a recovery?
I'd say YES to that.
So, if you want to have some fun in Southwest Florida, I'd suggest that you and your wallet get down here, like now, actually yesterday. Because in rememberance to Flip Wilson;
Here comes the cash, Here comes the Cash, Here comes the Cash!
As a mortgage loan officer I'd like to say;
Now cut that out!
There's just TOOOO much CASH here already!
ps; boy are the snowbirds gonna be in for a surprise!
Comments(12)