Linda Flack & Associates

 Short sales and mercury have very similar qualities.  The agents and the public are being inundated with short sale information.  This crazy market is like liquid mercury.  Ever break one of those glass thermometers?  I did as a kid. I held it in the steam of the old vaporizer and POW it broke; just like our real estate ...

These are the numbers for Fort Myers  and the beach from our MLSFort Myers Single family homes112 sold in June107 in July171 pending79 active contingent short sale1900 still on the market Condo’s92 sold in June78 sold in July85 pending43 active contingent short sale2233 still on the market (ouch)  Ft Myers ...

 Cape Coral has seen the highs of the growth engine of SW Florida to the exodus of many of its residence.  This morning ready the News-Press the article was talking about the numbers.  I realize that with counting the residence of Cape Coral things are always after the fact.  The graph shows the increase.  I don’t ...

Homes for Sale under $100,000 in Cape Coral We have customers that are looking in the under $100k price range in Cape Coral.  These properties are moving fast and most are in great condition.  I have written multiple full price offers for properties to have them overbid by others. That is a good sign for the real estate ...

Short Sales are out of control in Cape Coral and Fort Myers I have received one call after another to try to short sale homes and land.  It is truly epidemic.  I really wish I understood the thinking of the banks and what is reality in dealing with short sales.  Taking a short sale is like going to the dentist for a root canal. ...

June 8, 2008Watch out for  the call or mail that “bails you out”.Ok SW Florida the predators are out.  If you find yourself in trouble with your mortgage I have a warning for you today.  A friend of mine in Cape Coral called me and said she had received an offer from her mortgage holder.  The offer had stated that ...

Rates on 30-year mortgages fall to lowest point in a month WASHINGTON – May 16, 2008 – Rates on 30-year mortgages edged down this week to their lowest point in a month, This is great news to would-be home buyers. Freddie Mac, the mortgage company, reported Thursday that 30-year fixed-rate mortgages averaged 6.01 percent for the ...

I know it doesn't make sense.  The banks don't have an ounce of good sense.  The bottom line is what business is all about.  A home will sell at market whether a short sale or foreclosure or homeowner to buyer sale. Market price is market price.  Sometimes it is higher and sometimes it is lower. The banks loose ...