Gone are the days of assisting buyers with pre-approval matters.  Credit is so tight, as are the banks, that unless one is in the highest credit category, trying to obtain a loan may be futile.  Most buyers who are planning to finance already have the pre-approval.  But, many of my latest buyers do not intend to apply for a loan.  They are cash buyers.

Of the 6,474 homes sold in Lee County between Jan. 1 and May 31, almost 60 percent went to cash buyers. The proportion of cash buyers is even higher on foreclosed properties. About 64 percent of bank-owned properties are going to buyers with cash.

Cash buyers may have an advantage over pre-qualified one, for a cash deal's quick transaction period makes it more appealing to the Bank than an offer from a financed buyer.

Competition for inexpensive property is becoming extremely competitve and homes sales in Lee County, Florida are skyrocketing.

4/2 home in North Fort Myers, 1802 square feet, listed at $59,900.

LLoyd Nichols

Realtorlloydn@aol.com 
Right Choice Realty LLC
cell: 239-810-2980
office: 239-463-5217
Activerain Local Blog: http://localism.com/neighbor/lloydn
Active Rain Blog: http://activerain.com/lloydn
Website: http://www.mlsouthwestfloridahomes.com
Search the MLS in Southwest Florida
Listingbook: http://lloydnswfloridahomes.listingbook.com/