If you read a newspaper or watch tv, I don't have to tell you this is a bad time in real estate...you already know it. In spite of that, there are many agents who are having a good year this year. While I won't be breaking any records in 2007, I really can't complain either. That's because i have maintained contact with buyers I have been showing property to for a couple of years now. They know prices have fallen and they recognize a bargain when they see it.
A true buyer's market exists here in Fort Myers. Many, many owners really need to sell . They are happy to just get out from under their mortgages and have forgotten all about the huge profits they were once expecting. I encourage all my buyers to "make an offer", even if it is really a low-ball offer. As often as not, those offers are accepted.
Are we at the bottom? That seems to be the question these days. If I wait another 6 months or a year, will be able to get even more of a bargain? Noone really knows the answer to that. Picking a top or a bottom in any market, be it the stock market or real estate, is, at best, a guessing game. If you have been thinking of buying in the Fort Myers, Naples area I can only tell you that there are many, many desirable properties here at exccellent prices.
Bottom or not, this is a great time to look!
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