SWFL On the Florida Beat – R.E. News 6/28/09

	On the Florida Beat
6/26/09  / issue # 1
SWFL Real Estate Newsletter   In this issue: > latest news  Did we hit the bottom yet? > main article Fort Myers Beach foreclosures June 2009 > special offers FMB Foreclosures       Home deals in Sanibel near beach or waterfront                             > Business tips  under Real Estate Tips right side > success story Driven Island family raises home from the dead   Welcome to Southwest Florida!            Sanibel Estate   to views deals in Sanibel click on the following link: Home deals in Sanibel near beach or waterfront LLoyd Nichols Right Choice Realty LLC Fort Myers, FL 33919 cell: 239-810-2980 realtorlloydn@aol.com	> LATEST NEWS   LLoyd Nichols        Did we hit the bottom yet?      The Lee County Market Report is changing. The market is seeing its first rise in average prices sold. Many Lee County real estate analysts also believe that we have hit the bottom of this free fall. Prices were up over 3% in May compare to April of 2009, If we continue to have a steady rises in average price sold  in the next 90-100 days, then we will know that its not just a fluke. read more Did we hit the bottom yet?     click for more > SPECIAL OFFERS    Foreclosures In Fort Myers Beach Click the following link to view the latest deals and foreclosures in FMB:FMB Foreclosures Sanibel Deals: Home deals in Sanibel near beach or waterfront   read more >Business TIPS REAL ESTATE TIPS    When you make an offer on a foreclosure make sure that you are ready! * Have a copy of your proof of funds or a pre-qualification letter from your lender. * Time is of the essence * Ask your Realtor if there are any other offers on the property and if there is any dead line if any. * It is recommend to have a general inspection, mold and termite inspection.    read more > SUCCESS STORY   Owners beautify their street   Sometimes I take a look at some of the homes I have sold in Fort Myers Beach. There is a such home on Delmar which has been transformed throughout the last couple of years. Yes, it was close to being an eye sore.Lets say it had an overall island charm buts its days were numbered.     read more Driven Island family raises home from the dead
> MAIN ARTICLE             Foreclosures and Deals     Welcome to Southwest Florida! Many buyers are coming off the fence and buying in Lee county and Collier county and for good reasons.Golf communities, water sports, canal homes, fishing, homes on dry lots at 2002-2003 prices, homes on the river, gulf access homes, large choices of townhouses, carriages homes and condos, gulf frontage homes and more are some of the reasons buyers are making their moves. But what do buyers really want? Deals! Good properties which can be bought for 40-60% on the dollar. That makes sense.   read more Fort Myers Beach foreclosures June 2009                                  Fort Myers Beach   Search the MLS in Southwest Florida
search properties   contact LLoyd   Search SWFL homes
Copyright LLoyd Nichols © Right Choice Realty LLC 2009
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Estero island does not have an AIG Office
cell: 239-810-2980 Fax: 239-463-4826 home office: 239-463-5217 Active Rain Blog: http://activerain.com/lloydn Website: http://www.mlsouthwestfloridahomes.com Website Blog: http://ftmyershomesandgardens.blogspot.com/

Estero Island or Fort Myers Beach is far away from the crumbling walls of Wall Street. It does have a Wachovia Bank. But will the island, like any town in the USA be affected by the fall of Lehman Brothers, the 158 year old institution and 4th largest lender in the USA? By the enormous 70 plus billion dollar debt AIG, the largest insurer in the US is facing?

I saw the town meeting yesterday on our local TV and the budget seems to be about the same as last year.In fact, our balance sheet is better then last year.But if AIG falls how many islanders and Floridians will be affected? A huge amount.For starters many use AIG for their car insurance. No problem we will switch to another insurer.

The island survives regardless.I can look at the ever powerful sea. Its not going anywhere.

 

   

We do know that if more banks declare bankruptcy, there will be less money available. That means less credit for cars, houses and for example washer and dryers.Maybe its a good thing in the long term.Perhaps Americans will try to save more but we all know that many businesses need credit to make the ball rolling. We use our imagination.

I don't feel sorry for the high paid CEO's with their magical  parachutes, ridiculously high incomes.monster pensions and other fringe benefits. I do think that most employees at Lehman brothers who lost their jobs ( over 15,000) were just making a living and have families and have bills like anyone else.Should we feel sorry that their stocks went down the drain and their pension is not worth anything? I believe that many are just hard working employees..the greed comes from a dozen guys in Connecticut who pull the strings. They are not pulling much now.Its a wake up call.

But here in Fort Myers Beach, Wall Street looms over our sky but we move on. We will still have our shrimps, our cool cottages, our beach and resources.Its all relative.Its all about having a better attitude even when it gets tougher.We Americans are tough.We move on.

 

LLoyd Nichols

Right Choice Realty LLC

cell: 239-810-2980
Fax: 239-463-4826
home office: 239-463-5217
Active Rain Blog: http://activerain.com/lloydn
Website: http://www.mlsouthwestfloridahomes.com
Website Blog: http://ftmyershomesandgardens.blogspot.com/