My last post asked," If we have reached the bottom yet?" Well today we had a young couple come into the office and they wanted to find out if they could afford a home! They spoke to our mortgage representative and they found out they were qualified up to $90,000. Oh well we thought, save some money and we will look again in a year or maybe you can look in another area! Then I said why not take a look on the MLS and see if there is 1 or 2 listings in Cape Coral. I couldn't imagine there would be, let's face it 2 years ago $180,000 was a bargain. So we looked!! 156 listings less than $90,000 and the lowest 3 bedroom, 2 bath home was $58,600!!! You could not buy a lot for that price 2 years ago! This young couple will be able to purchase their first home NOW and so will a lot of others! I spent the afternoon calling prospects, clients, friends and business associates to share with them what I had found! We must spread the good news ourselves! On a funny note, I was only asked 7 times today," If we have hit the bottom yet!!!" I told them," Only you can answer that!"
Mike Kelly Broker/Owner Sellstate Advantage Realty 239-549-9200