Fort Myers, FL Buyers Need to Hurry if they want "A Deal"

Recently, John Burns Real Estate Consulting took a survey of several home builders in different regions of the US. The highlights were posted on RISMedia.com on October 21, 2009. Later, I will post a link allowing you to see the entire article but obviously, I am interested in my area, SW Florida.

I have been emailing, calling and leaving Social Media messages for my prospects about the importance of being aggressive in this current market. Now, I have a "bigger" authority to send to back up what I have been saying - "Don't wait! Buy Now!"

The following parts of this survey really struck a chord with all of us working with Buyers and Sellers in the Fort Myers and Cape Coral markets:

• 59% of this year’s sales have been dependent on FHA, VA or USDA financing programs with 96.5% to 100% LTV.
  
• SW Florida Builders reported the highest % of cash sales in the nation
• Significant declines in available inventory
• Pricing is increasing
• South Florida reported the highest number of new home starts in the nation

Many investors both locally, nationally and internationally are again turning to SW Florida for value pricing and inventory. Hopefully tougher loan qualification and the larger number of cash sales will keep the market from ever experiencing the mess that got us here. There will always be greed and speculation in any market. It is up to the professionals in the Real Estate and Mortgage Specialties to help our clients ethically and intelligently.

If you would like to read the entire summary and see how your region is doing, click here.

Mike Cathell, Realtor with Florida Future Realty, Inc

Cell: (239) 770-6250 Email: MikeCathell@FloridaFutureAgents.com