Cash continues to pour into Cape Coral, Florida; What's a poor olde Loan Officer suppose to Do?

What's up with this!

Don't these buyers know the economy is in the toilet.

Don't they have accountants?

Where's the $$$$$ coming from?

Stopped in to see the "bus driver" today. Lots of sales, mostly cash, probably as high as 95%. The team mostly solicites $$$$$ buyers. Well as a Loan Officer I think that, well mom told me not to talk like that or she'd wash my mouth out with soap.

I can't help mentioning having seen a lot of writings about teams, that the Lagace-Whitt Team may be a good prototype. Small, professional, firing on all cylinders. You just don't need 10-15 people to have a successful team.

Susan Milner, at Florida Future Realty, agrees Cash is King!

I've been involved in this marketplace for over 15 years and cash has always been a part of our market, but never to this extent, that I can remember. The market needed a boost and this certainly is accomplishing that.

Also this should help our appraisal situation by providing real comperable sales that are closer to where the market truly is?

But, what about me?

Well just send me some cheese to go along with the w(h)ining.

But I can't help asking as this trend continues;

What's a poor olde Loan Officer suppose to do?