Welcome To Southwest Florida Real Estate
Kenneth Tribble
January 2021
The Real Estate Authority Of Southwest Florida

Alternative Mortgage Lenders are Changing the Marketplace
Alternative mortgage lenders include online lenders and non-bank lenders. They’re shifting the real estate marketplace and making it much simpler and easier for consumers to get a mortgage. So what should you know?
      There are three main categories that alternative mortgage lenders tend to fall into.
      There are online mortgage lenders, which work to add transparency and efficiency to the home loan process. They simplify and shorten the timeline.
      There are marketplaces that help borrowers as they’re comparing rates and shopping around for mortgages.
      Then, there are non-bank
Mortgage Rates
U.S. averages as of January 2021:

30 yr. fixed: 2.66%
15 yr. fixed: 2.19%
5/1 yr. adj: 2.79%

lenders that tend to market their services to borrowers with less-than-perfect credit.
      Alternative Online Lenders Mortgage originators that serve as
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Get The Home You Want, Millennials: Smart Strategies For First-Time Homebuyers
     Hey, Millennials. Come on into the real estate market! We really need you to buy some homes so we can keep chugging along. Oh, wait. Prices are rising and so are interest rates, plus inventory is scary low. Hmmm. Well, come on in anyway, wontcha?
      It's not easy to buy a home in a hot market where inventory remains at historic lows - and that covers a lot of areas across the country at a wide range of different price points. But it's especially hard right now for Millennials, who aren't exactly getting a warm welcome from the market that has been begging them to participate.
      "I think it's fair to say this is the most competitive housing market we've seen in recorded history," Danielle Hale, chief economist for

Doing the Refinance Math
     Wondering whether or not to refinance an existing mortgage typically means running some numbers. You can do this on your own but it’s probably better to talk to a loan officer and get some assistance. It really all boils down to how much you’ll save each month compared to what you’re paying now. But there are other considerations.
      First, pay less attention to the change in rate. Old school myths say that it’s a good idea to refinance if current market rates are 1% or 2% lower than what you currently have. But the rate is only a part of it. The other component is the amount being financed. For larger loan amounts, maybe a reduction of only 0.5% makes sense. 
      For smaller loan amounts, 2% may not be enough. Instead, calculate the monthly savings and then divide that amount into the closing costs associated with the mortgage. The result is how many months it will take to ‘recover’ the closing costs in

Featured Listing:

5 Emily Lane
Fort Myers Beach, FL 33931

Southwest Florida Market Update

The local real estate market here on Fort Myers Beach has weathered Covid well.

Since October, Buyers have been looking and Sellers are selling. Our inventory of homes for sale is way down as compared to prior years. Days on market are also down but prices are up. In short it is a classic Seller's market. Interest rates remain the lowest that we have seen in years.

My daughter, Holly, recently joined my team of agents who sell on Fort Myers Beach. She brings 7 years of experience and a load of beach contacts. I recently listed a wonderful waterfront home at 14 Galleon Way in Port Carlos Cove. I had many inquiries and the property went under contract in just three weeks. Holly found the buyer.

My team just placed 14 Nancy Ln under contract. That property had only been for sale for a few weeks. It is a newer, two bedroom waterfront home in great condition. The buyer is from Maryland and very excited to be leaving the cold north!

If you are looking to make a move, now is the time. List your property with us and get immediate world wide attention. We will show you comparable sales so you can arrive at your best price. We employ the latest real estate tools including professional photography, aerial drone video, property staging and a social media presence that will help your home get the Buyer's attention.

I live here on Fort Myers Beach. I sell here. I love it here. Call me and let's get your property sold. All the best!

Kenneth Tribble, 239-229-4770 




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December Real Estate Roundup
What to Expect from a Home Inspection
Top Reasons a House Isn’t Selling
What to Know Before You Buy Land
Why the Second Investment Property is So Much Easier to Finance

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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