Current financial markets turmoil creates big real estate opportunity in SW Florida.  Just last year the Fed was talking about rising rates continuing though 2019.  They began the process in 2018 but abruptly halted once the world economy didn’t cooperate.  If we raise rates too fast, it not only slows economic activity here, but it raises the dollar to a higher level which isn’t what you want when you’re correcting a trade imbalance.

Financial Markets Turmoil Creates Big Real Estate Opportunity

Europe has negative interest rates.  Imagine putting $1,000 in the bank and getting $950 back when you withdraw your money.  That seems crazy to us, but Europe is in trouble.  Our fed wasn’t looking at the whole picture when they made decisions last year, but they are now.

They realize the trade tariffs with China will slowdown economic activity worldwide, so this week Fed chairman Jerome Powell said the Fed may have to step in and adjust as economic conditions warrant.  This is code word for interest rate reductions, which sent the stock markets higher on Tuesday when he made those comments.

All this has sent interest rates down about 1% since January.  This has raised buyer’s purchasing power by 11% on this fact alone, which is putting home buyers back into the market.  Nobody knows how long these trade negotiations will last and where they’ll end up.  Republicans and Democrats alike agree they’re necessary as China has been taking advantage of our companies for too long.  We must endure short term tariffs for long term gain.  Let us show you how low your payments could be with the current financial markets turmoil.

Because of this, it’s created a window of opportunity for home buyers.  With rates around 4%, buyers must seize this opportunity.  Four factors influence the affordability of a home, and that’s price, interest rates, taxes, and fees.  Interest rates can be one of the largest factors in the cost of a home over the time a homeowner owns their home.

Buyers today are also looking at the total cost of ownership.  They ask how much the condo or HOA fees are, if there are mandatory club fees, CDD’s, and if the taxes are in the city or county.

Check Out Our App

A great agent can answer all these questions.  Websites typically show the asking price and photos, but they don’t always tell the whole story.  We have a mobile app that shows much of this information, and an automatic major update coming out within 60 days will provide you with information that you can’t get anywhere else.  It will simply blow you away.  It’s in final testing right now.

One way to get the app is go to www.SWfloridaopenhouse.com  or simply email me at Brett@topagent.com and I can email or text you the link.  Yes, you can search all the open houses on the app too.  The real power will be in the release 60 days from now.  Meanwhile, the app will show you what HOA or condo fees are in each property and we can verify if there are any other fees you might want to know about.

Of course, you can always call us at 239-489-4042.  We’ll be happy to discuss your options and how you can take advantage of these low rates for your benefit.  If you’re thinking of selling and would like to know how much we could sell your home for, and how much you’d net in your pocket at closing, ask for Sande or Brett at Ext 4, or visit www.SWFLhomevalues.com

See Last Week’s Article: Lee County Florida Home Prices Have Been Flat For 2 Years

Good luck and let us know how we can help you make your next move!

Lee County Florida home prices have been flat for 2 years and nobody seems to notice.  Take a look at the graph below and we’ll explain why this may be good news going forward.

Lee County Florida Home Prices Flat For 2 Years

Some parts of the country are experiencing multiple offers on each home and others have experienced a shift as homes are taking longer to sell.  In the end, it comes down to affordability on each locale.  As home prices rise, together with interest rates, it affects affordability.

We’ve caught a break with interest rates.  With rates down around 4% it means home buyers can pay more for a home and less to the bank.  It props them up into a higher purchasing bracket on affordability alone.

As homes go up in value, they can be susceptible to fall if the economy or interest rates rise.  The silver lining to all this is because prices didn’t increase here over the last two plus years, they may not have to fall either if or when the economy changes.  We’ve got a strong economy now, but with trade wars and potential military conflicts around the world, you never know what can tilt the scales.

If the economy continues to roar along, the Lee County Florida housing market could eventually have some upside.  Inventory has been growing, so we’re not seeing upward price pressure now. Obviously, the price range you’re looking in can have different inventory levels than another price range.

It pays to consult a Realtor before purchasing.  A Realtor can not only guide you through the process, but they can also advise you on things that can affect your resale ability later when you need to sell.

Because we work with a lot of buyers each year, our agents are on the front lines with buyer’s concerns.  Buyers do not want to make a mistake.  Working with an agent that understands what other buyers are concerned about may help you in your decision.  We know what future objections will be for your home and if you should pay less because of that.

The last thing you want to do is overpay for a home now that you’ll have to take less for down the road when you decide to sell.  Talk to one of our experienced buyer agents on the Ellis Team at Keller Williams Realty 239-489-4042 and you’ll see what we’re talking about.  Or, you can search the MLS like a pro for Free at www.LeeCountyOnline.com

If you’re selling, you need a Realtor that listens to what your goals are and has solutions to help you attain them.  Anybody can give your house away.  A great Realtor prices the home at market value and then markets it.  By the way, marketing is not simply putting a sign out in the yard and placing it on hundreds of various websites.  Anybody can do that.  Marketing is so much more, and very few Realtors do it. Lee County Florida home sales were down 6.8% in April, so marketing matters.

If you’re thinking of selling, or maybe you tried to sell and it didn’t work out, give Sande or Brett Ellis a call at 239-489-4042 Ext 4. We’ll show you how to price it at market and get Top Dollar because it was marketed correctly.  There is a difference.  All Realtors do not work the same!

Find out what your home is worth for Free at www.SWFLhomevalues.com then call us to talk about strategies.  We love it when a plan comes together!  We’ll help you with your plan.

Please Vote For us!  Vote the Ellis Team as Best Real Estate Team and Best Real Estate Agency in Fort Myers.

Good luck and Happy House Hunting!