Welcome To Southwest Florida Real Estate
Ken Tribble
May 2020
The Real Estate Authority Of Southwest Florida

Home Improvement Projects to Tackle During the Quarantine
You’re working from home, which means you don’t have a commute, which means you have extra time on your hands.
      You’re working from home, which means you’re bored, and you’re looking for stuff to do. If you own your home, that “stuff” probably means home improvement projects. We’ve got tips on what to tackle during the quarantine.
      Do an even deeper clean than usual It is spring, after all. This year, in addition to your annual spring cleaning list, add a few tasks that are specifically intended to kill germs and improve the air quality in your home. 
      “It’s best to check if your
Mortgage Rates
U.S. averages as of May 2020:

30 yr. fixed: 3.33%
15 yr. fixed: 2.86%
5/1 yr. adj: 3.28%

your cleaning materials are in the list of approved products released by the US Environmental Protection Agency and the Centers for Disease Control and Prevention (CDC),” said the Philippine
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Should You Ask for a Forbearance?
     Whether you’ve lost your job, are worried you might be about to, or are finding your finances crunched by the coronavirus pandemic, you may be thinking about asking for a forbearance on your mortgage. But should you? Will it really help put you in a better financial position? 
      We’re breaking down the details. 
      What is a forbearance?  “Forbearance is a temporary postponement of mortgage payments,” said Investopedia. “It is a form of repayment relief granted by the lender or creditor in lieu of forcing a property into foreclosure.”
      The key words here are “temporary” and “postponement.” Forbearance is a way to delay your mortgage payments

How to Sell Your Home Now
     Everything has changed in the real estate world, seemingly overnight. The incredibly hot market of the past couple years has taken a hit as the coronavirus has made its way across the country, and the world. But homes are still selling. Not with the same frequency, but people still have to sell. 
      If you’re one of them, you’re probably wondering what to do right now—especially since in-person home tours aren’t happening. These tips will help you get your home to stand out and get it sold even when others aren’t moving.
      Spring for enhanced virtual tools It might cost you a little more, but creating a virtual experience for your home is as close as you can get right now to showing buyers what it would be like to walk through the place in person. 
      "As we've suddenly found ourselves adapting to a new normal, the meaning of home has never meant so much to

Featured Listing:

5 Emily Lane
Fort Myers Beach, FL 33931

Southwest Florida Market Update

Florida Home Sales Are Up By 8 Percent , Prices Up By 4 Percent This Year Over 2018

Housing sales in the third quarter of 2019 were up by 8.1% and median home-sale values increased nearly 4% over 2018's third quarter.  Pending inventory is up too. Pendings represent the number of listed properties under contract at any point in time. With pending inventory rising Sellers should see an even better 4th quarter.  The number of single family homes for sale was at a 3.6 month supply and at a 5.3 month supply for condos.  Anything less than a 6 months supply generally indicates a sellers market.

Interest rates continue to improve.  Rates for a fixed rate, 30 year mortgage averaged 3.67% in the third quarter of 2019, far lower than the 4.57% average during the same period in 2018.  

It is expected that Florida will continue as a top destination for a growing migration of young families, retirees and wealthy tax refugees and businesses alike.  In short it is a great time to be a seller!  

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Read about the events shaping the Real Estate market today, find current interest rates, or browse the extensive library of advice and how-to articles written by some of the top experts in Real Estate. Updated each weekday.
More Articles
April Real Estate Roundup
The Best Ways to Improve Your Air Quality and Ward off the Coronavirus
Smart Ways to Save During the Quarantine
Four Ways to Raise Credit Scores by This Fall
From Lock Down to Rock on…Are You in Overwhelm?

Ken Tribble GRI CPA
E-mail: kat@swflgulfcoast.com
Website: SWFLGulfCoast.com
239-229-4770 Direct

RE/MAX Realty Group
7910 Summerlin Lakes Dr.
Ft. Myers, FL 33907

Equal Housing Opportunity

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