Guest Tony Moore

Episode Transcript

(00:08):
Good morning again. Welcome to realEstate Exposed here on News Radio WCCF,
a fast paced hour of real estateinformation, whether you're buying or selling.
We'll find out what's happening in thelocal real estate market. We'll talk about
some special events going on in southwestFlorida and particularly in our area. We

(00:29):
have a very special guest with ustoday, and we'll go over some hot
new listings of the week coming upat the end of the program. So,
ladies and gentlemen, let me introduceyour host of the program for this
week, Shannon Gorman. Hey,Shannon, Well, hi Zain, how
are you well. I've got big, big shoes to fill, so I

(00:52):
guess we both do. I thinkI remember relinquishing the show back to Matt
a couple of weeks ago, andunfortunately one Saturday birthday party and it's he's
back sick again. So the poorguy is dealing with strup throat. So
definitely not in talking talking condition today, but hopefully we will get him back
back on the show next YEKK,that's really going around, It really is.

(01:15):
I know several people that are youknow, I was, I was
getting ready to do the to havethe Shannon Gorman Show, and I've made
for the studio. But well,I don't think just we don't need to
halt production. I think it's stillyou need to just keep it on the
sidelines for now. So but I'mhappy to fill in anytime Matt is under
the weather. So all right,So, do you have any special events

(01:38):
to talk about here? So,I'm sure there's a lot there is.
This is one of the great reasonswhy people move to our area and why
so many people already have. Iagree. And you and I were talking
earlier about you were out golfing sunday. I was out golfing, okay,
I was out hitting the white ballwith a stick the same thing, yea,
and trying to retrieve them from thein the woods. So exactly.

(02:00):
You ever had a t shot andyou can't find it. You didn't really
pay attention to where it went.Yeah, it's fu Well, half the
time I can't find the ball anyhow. That's why I play with orange or
hot pink balls. This way,it's easier to find them when they're in
the way. Hot pink ball,Oh, save it. It's probably it
might have been one of mine.Okay, I'll get it to you.
Next week. But yeah, andit's just you know, the weekend was

(02:21):
just ridiculously gorgeous and I know wehad rain, you know, the previous
Wednesday, and it just kind ofcleared out that humidity and it just the
weather was just gorgeous. It's alittle hotter now, but yeah, this
is once again why people are comingto this area. And if you're not
out this time a year before itgets really hot, you're really missing You're
missing out windows closing, like youknow, because yesterday I drove home and

(02:44):
I think, man, it's hotand it was eighty nine degrees when I
walked the park. So definitely we'regetting close to that summertime. You know,
those afternoons are heating up again.Oh one thing I didn't ask you,
did you and I totally slept throughthis the major event maybe of a
century. Were you able to seethe eclipse at all? Or was working?

(03:05):
So yeah, okay, so youslid through it. We worked through
it. That is one of mynotes. It was like, oh,
the solar eclipse, because I hadheard all these things about you know,
there was some new moon coming intoour atmosphere and it had a complete opposite
rotation of the Earth's atmosphere and itwas going to collide and we were going
to have earthquakes, which there wasone in New Jersey, but you know

(03:28):
that that's not it that maybe acoincidence, maybe not, but yeah,
it was supposed to create all theseyou know, ecological issues, and honestly,
I think it just did really goodfor all the airbnbs and hotels that
were in that line of totality,because like thousands and thousands of people flocked
to have hotels for this. Isaw something really funny on Instagram the other

(03:49):
day. So, you know,if we could all come together about our
political and our our you know,governmental situation for the eclipse, we might
actually get something toccomplished. So itis it is interesting, how inspiring.
Yeah, if nothing else very inspiring, it let's us know. It's got
to be the right thing. SoI think when we have an alien invasion,
we may they may get the samewelcome, you know from all the

(04:12):
eclipse people. They haven't even discoveredwarp drive yet. It's like I'm a
star trek nurse, You're a trecky. Okay, that's all right, nothing
wrong with being a truckee. SoI won't I won't to judge you on
that. The other big thing that'sbeen going on, and I watched a
little bit is college basketball. Yay, yeah, are your teams not.
I am not a basketball fan,and Matt hates me because I'm not a

(04:33):
football fan. That's the only reasonhe hates me. But he's like,
I'm not talking to you anymore becauseI know nothing about football. Well,
yeah, you gotta kind of know, yeah this a little bit. I
mean, I know, yeah,I mean I do. I'm a sports
girl, you know, and likeTodd and I chat about cars too.
But yeah, basketball has been great. Yeah, you know. I watched
the the Iowa the Lsuth girls basketball. It was really good. I'm very

(04:57):
glad Iowa wan but unfortunately they metYukon and I know the Hawks, is
that right, Iowa Hawks? Yeah? I believe. I had a friend
who had a jacket, yeah,Iowa. Yeah. So now basketball,
college basketball, I don't know who'sbeen it in the finals now, but
huh it's over. Oh okay,well I guess it's over. So okay,
all right, see that I'm notthat into it. Let's be rare

(05:19):
our special guests. But yeah,so yeah, now we got baseball is
getting into full swing, so tospeak. And I know the Masters is
coming up. Yeah that is comingup. And then yeah, so it's
it's a good time. But youknow what, if you like to get
dressed up in the seventies, ifany of us who were born in the

(05:39):
seventies, you know, we wereall kids in the seventies, this is
kind of cool. This is anineteen seventies themed costume party at Pioneer Pizza
in Charlotte Harbor. And I believeit's Saturday, from six to ten pm.
Let me check my stats on that, because for some reason, I've
got a I've got my brain onFriday. But this is it is.

(06:02):
It's Friday night. So Friday night, if you want to go out,
dress up in your best and finestseventies attire, go to part your pizza,
great food, great pizza, bea fun night. I'm sure I
have a leisure suit somewhere. Ibet a white one hopefully, And you
can wear like a dark black shirt, big giant collar Saturday. That would

(06:26):
be awesome. Something else that's happeningthis weekend opposite of getting dressed up,
But actually people do dress up forthis. This is the Muddy princess.
Okay, so this is going tobe at the Redneck Mud Park, so
right now you can tell that's goingto be a good time. O ye,
Princesses, mud and Rednecks. Thisis all ages, all fitness levels

(06:46):
are competing side by side in achallenge of basically doing obstacle courses in the
mud. Nice. Now, Iwill not be there because I have no
desire to do that and get mudeverywhere. Though. Yeah, you can
go to the spa and have adifferent type of mud treatment and I would
be much happier. But a shoutout to the Patterson group because we've got

(07:12):
Jen, her daughter Hayley, ouragent, Pierra Aaron, and I believe
Corey from our gym. They areall going to be on a team and
they are going to be torturing themselvesand dragging their themselves through the mud.
So they did it last year andthe pictures were great. It was awesome.
So I wish them all the bestand hope they hope they win.

(07:33):
I don't know what the prize is, but I would think a nice long
hot shower, yeah hopefully. Yeah. And so and if you're done,
if you want to go out andwatch the red Redneck mud Park and watch
the race. When you're done,come back into downtown Punagorda and head over
to Punagorda Wine and Chocolate because everySaturday, and I didn't realize this,

(07:53):
but every Saturday they do wine tastings, wine and beer, so that's pretty
cool. I'm there right Well.I actually went in there around Valentine's Day
and I got my boyfriend now fiancea really nice, huge selection of chocolates
for Valentine's Day and they have anamazing wine selection, so you know,

(08:15):
and I love to promote our downtownPuntagorda businesses, So yeah, definitely go
down there if you want to havesome wine, if you really want to
spend the day in downtown Punta Gorda. In the evening over at TT's on
the Water this Saturday from seven toten is Pure Country. So they've got
the stage already set up. Ijust walked the park yesterday. The stage

(08:35):
is ready, and I just can'tbelieve how big Tete's is growing. You
know what. I love them,and I love the food too, and
I love Pure Country why because theyplay the old Country Six Days on the
Road from Dave Dudley okay, Alabama. Oh that is old country. I
saw Alabama in concert when I wasvery You're so lucky you got to meet

(08:56):
the band and everything. Nice.Yeah, so that was kind of fun.
All Right. We are up againstthe clock, but we're going to
get back to Shannon, and wehave our special guests who we will reveal
coming up after this right here atnews Radio WCCF. Whether you live right
here or live out of state,Atthew Patterson and his team can help.
Take Carrie, for example, helived out of state. She was helping

(09:20):
her mother in law sell her homein Panagorda. She interviewed a few agents,
but when she got to Matthew,she knew she found the right one.
In addition to being impressed with howwell Matthew and his team worked together,
she said they offer a lot ofresources many reelsors don't, such as
removal of items from the home afterthey move out. I highly recommend this

(09:41):
team. Soon Kerrie's mother in lawcould move on thanks to Matthew and his
team. Give them a call todayat nine four one six eighty six hundred
or go online at Matthew Patterson dotcom. Call the only agent I would
trust to sell my home. That'sMatthew Patterson of the Patterson Group at Keller
Williams. Your whole sale is downwhen you call Matthew Patterson, go to

(10:07):
Matthew Patterson dot It's the little thingsthat make a big difference. That's the
motto of Oak and Ink Land andTitle Company. Picture this a seamless,
stress free closing where their expert teamwill guide you through the closing process from
start to finish. They understand thatevery home purchase is unique. That's why
their personalized service insures your needs aremet with precision and care. At Oak

(10:30):
and Ink Land and Title, youaren't just a customer, your family.
Call today at nine four one fivezero zero five five zero nine or online
at Oak Andink Title dot com.Still thinking about a pool heater for the
season, Well think no further,because my friends at Howard's Pool World can
bring the pool heater store to youin the comfort of your own home.
Hi's Todd matthews On behalf of Howard'sPool World. As a pool owner and

(10:52):
pool heater owner, myself gotta tellyou there's nothing like swimming in a warm
pool. Nothing like warm water easingstress and engine in your back circulating between
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(11:15):
The local organization CARE, the Centerfor Abuse and Rape Emergencies, needs
your help. CARE provides twenty fourhour hotline services, twenty four hour rape
crisis, hospital response, and victimadvocacy. This organization has helped thousands of
people providing shelter support and counseling.Donate or volunteer today Call nine four one

(11:37):
sixty three nine five four nine nineor donate items at their reuse store Kennilworth
Boulevard, Port Charlotte, Hi.This is Celine Dion asking you to help
put an end to premature birth.I share the concerns and fears of every
parent, knowing that more than onemillion babies around the world die every year

(12:00):
simply because they didn't get enough timeto grow. Let's work together for stronger,
healthier babies. Visit facebook dot comslash World Prematurity Day to find out
how you can make a difference.Thank you for caring your home sales down
and you call Matthew Parson go toMatthew Parson dot Good morning, and welcome

(12:39):
back to real Estate Exposed here onnews Radio fifteen eighty WCCF. If anything
you've just heard piqued your interests,and I'm sure that it will, you
can always call the Patterson Group atnine four one six one eighty six hundred.
Once again, that's nine for onesix two one eighty six high and

(13:01):
we're back with Shannon and Shannon youhave some stats for us, I do,
but I also want to make aquick announcement. We had been talking
week after week about us doing ahome buyer seminar in Punta Gorda tomorrow evening.
Due to low registration, we feltthat it was best to cancel and
reschedule for the fall because I knowa lot of our lovely northern visitors are

(13:24):
have gone back north. So wejust wanted to let anybody else know that
we did not contact via email orsocial media, that our buyer seminar in
Puntagorda tomorrow evening has been canceled postponeduntil November of this fall. Okay,
yeah, so stat so I knowsomething. Matt always likes to let everybody

(13:45):
know about is what's going in ourmarket. And as we talk about it
changes every day, but we kindof look at the week and kind of
you know, can tell what's happeningin our market. So in the last
seven days in Charlotte count we've hadtwo hundred and thirty nine new properties go
on the market. We've had onehundred and ninety six new contracts so new

(14:07):
properties went pending, and one hundredand fifty nine new closings. So that
is once again, you know,it's a good, strong sign that you
know, last week we had almostone hundred and sixty you know, new
homes that are now closed and peopleare going to be moving in. And
then I look at the two hundredand thirty nine new listings, that tells

(14:28):
me that there's two hundred and thirtynine additional opportunities for buyers to come and
find their dream home. So inventoryis getting better. Inventory is good.
Inventory is good, And I knowTodd always likes those numbers, you know,
in those certain price ranges, solike zero to two fifty. You
know, if you're a first timehome buyer or you're an investor, that's

(14:48):
probably your price range of where youwould like to be on purchasing a home.
You've got five hundred and eighty homesto choose from. If you move
up a little higher into that twofifty four hundred, which we always say
is a sweet spot, you've gota ton of options. You've got almost
seventeen hundred listings available in the fourhundred to six hundred range, you've got

(15:09):
about twelve hundred. And then,of course, as we go higher or
higher in the price point, ourinventory gets a little lower. So now
back to that sweet spot inventory,we've got about five months, and we
always talk about a balanced market isabout six months. So we talk about
are we in a seller's market ora buyer's market. We'll talk about that

(15:30):
a little more when we introduce ourgames. I've heard some news stories.
Yeah, so it really depends onyour price point, So we'll talk about
that over. Over, let's goeight hundred to a million, You've got
one hundred and seventy opportunities. Amillion to one point twenty five million,
you've got seventy. So there's abig jump. You know, there's only
one hundred. You know, there'sone hundred more at that eight hundred to

(15:52):
one hundred million price range. Andthen if you want to go over the
one point twenty five to get yourbig mac daddy house on the water with
your multiple garages and boat docks andall that fun stuff, you've got almost
one hundred properties to choose from.Nice. So we always talk about Fort
Myers and Cape Coral. They are, you know, obviously a bigger a
bigger area, and it shows bytheir numbers. So the listings in Cape

(16:15):
Coral Fort Myers area, we hadfour hundred and eighty one new listings go
live last week, three hundred andeighty one went under contract, and almost
three hundred, two hundred and ninetyfour properties closed last week in the Cape
Corals Fort Myers MLS. So thatreally does have a lot to say.
It's such a beautiful area it is, it has a lot to offer.

(16:37):
I mean, I'm definitely very partialto our Punta Gordas and Northport and Pennises
because they're just more homey and morequaint. But you know, you have
more opportunities, you have more jobs, you have more industry, more places
to go out to eat, moreplaces to stand and wait for a table
down there. So you gotta lookat it that way. What's important to

(16:57):
you you know it will, itwill. And the cool thing is,
as we talked about in our market, the opportunities in that zero to two
fifty price range up here in CharlotteCounty, five hundred and eighty listings,
if my numbers are correct, inthe Fort Myers and Cape Coral area zero

(17:18):
to two hundred and seventy five,there's only twenty five. So that tells
you that's that seems to be likea really big part of that market that
is really hitting those lower price properties. So I don't know whether they're investors,
whether they're first time home buyers,but there's definitely not a lot of
inventory in the Cape Coral area inthat price range. If we get up
to that more once we call itthem the sweet spot three seventy five to

(17:41):
four seventy five, you have eighthundred and ten properties now versus Charlotte County
we have about I don't know aboutone thousand more. So, definitely Lee
County, Fort Myers, Cape Coral, your inventory numbers are not nearly as
strong as they are here in CharlotteCounty, which means you don't have as

(18:02):
many options, you don't have thechoices, you can't be as picky if
you're looking to buy property in theCape Coral or Fort Myers area. So
I thought that was pretty interesting information. Sure is so something we like to
talk about on a regular basis hereto our fellow listeners out there is the
process of purchasing a home, becausethat's obviously what we do. We assist

(18:23):
people in not only selling their home, but we assist people in buying their
home, and one of the keythings is understanding the process. One of
the first things you need to haveto buy house is money, and not
everybody has two three, four,five, six, eight hundred thousand dollars
just sitting in the bank or sittingunder their mattress and their you know,

(18:45):
in their guest room. You haveto go get a mortgage, and a
lot of people hear a lot ofthings on the news about mortgages and how
do I do it? What doI qualify for? So we feel that
it's our duty to bring you anexpert, and today I'm very happy to
have as my partner Tony Moore fromGulf Side Mortgage. He is here to
talk about things that we hear inthe news or some questions that have come

(19:07):
up in our office. So maybegive some people out there some insight on
the mortgage game. So Tony,welcome, thank you for coming. I
appreciate you being here to be mypartner today. Awesome. Thank you Shannon
and Zane. I appreciate it.Yeah. So mortgage rates, obviously,
that's always like the number one topicof conversation. I was doing a little

(19:29):
research before the show about where therates are and what is the projected forecast.
And I know nobody can ever projectthe future. It's it's a guessing
game. We're just throwing darts atthe wall. But right now the mortgage
rates six point seventy nine, isthat close to it? Yeah, they're
averaging in the high sixes or lowseven It's just depending on what type of
credit score you have, down payment, what type of property you're buying,

(19:52):
you know, all of those thingsreally factor into that number. Because I
mean, you could have a reallygreat job and you both have you know,
two incomes, but if you're creditscores are somewhat low, unfortunately,
there's a price to pay for that. Correct, absolutely, Yeah, yeah,
And some people don't understand what agood credit score is and to get
the best pricing, you actually haveto have a seven eighty or higher credit

(20:12):
score, and that's like pretty hardfor a lot of people to have,
especially if you're you know, ifyou've got student debt, or you've got
medical debt, or you've got creditcard debt. All of those debts affect
that credit score and your payments,you know, or your ability to pay
on a regular basis. So explainthat a little bit. Yeah, it
does. But the good news isthat you don't have to have a seven

(20:32):
eighty credit score to buy a house. You can go all the way down
to a five eighty credit score andstill get into a program with an FHA
or a VA loan for veterans.Okay, so you know that the goal
is is always when you're looking atbuying a house or thinking about it buying
a house, come in early andtalk to your mortgage person to find out
where you sit early because you canget your credit fixed and you get a

(20:53):
lower payment and make sure you're ina better situation to buy. So when
I'm in the driveway of my dreamhome and I got my real estate agent,
they're with me. That's not thetime to call you, is that
what you're saying, Yeah, youreally want to get with your mortgage lender
before you get with the real estateagent, especially if you have credit issues
and you need some sort of creditrepair, what does it take? Is
it nine months, is it ayear, is it six months? Or

(21:15):
does it depend on how big ofa repair you need? Well, it
depends on how big of a repairyou need. And a lot of people
don't understand that there was some lawschanged with medical collections and if you have
a medical collection under five hundred dollarson your credit, they can't report to
your credit anymore. Okay. Thatalso means that if you have a medical
collection that you recently pay off,they have to remove it completely from your
credit, so it's no longer affectingyou. Right, So something in that

(21:36):
situation you can get fixed in aday or a month, right where sometimes
if you have some foreclosures or bankruptciesor major issues, it could take you
a year to two to get thosethings fixed. Also, gotcha, and
I guess you have to have somecooperating documentation. You have to get your
bank to cooperate and give you theinformation. Because it's amazing. I run
into people who know say, oh, I don't know who my mortgage lender

(21:59):
is or I don't pay attention tothis stuff or you know, it's like,
how do you not pay attention tosomething that's, you know, a
monthly recurring expense. But it isamazing how people just I don't know if
they purposely just ignore it because theydon't understand it. But it is definitely
a situation that you guys are capableof helping them with. Absolutely, And
probably the best advice I can giveto anybody out there is to make sure

(22:21):
that you're checking your credit at leastprobably quarterly, if not, you know,
by annually. And you can goto annual credit Report dot com and
pool a free credit report every yearfrom every bureau so you can pull those.
And you can also use credit karma. Credit karma is a wonderful tool
that a lot of people are familiarwith but some don't understand. It's completely
free. It gives you a creditscore and lets you see your balances,

(22:42):
and it gives you a lot ofgreat advice on there. Oh well,
I do it, and I getan alert, you know, once a
month or whenever, oh your creditscore has increased, you know, so
it's like, oh cool, andit prompts me to go in and check
to make sure that if I paidsomething off or if I close an account
that that has been That shows everybody'shuman. They make mistakes and sometimes,

(23:02):
you know, our creditors don't alwaysreport as efficiently as we would like them
to. So sometimes a little phonecall like hey, I made my last
payment like three weeks ago and it'sstill not showing. Maybe that can expedite
some of that cleaning up of yourcredit. So yeah, absolutely, or
they could report something in there correct. Yeah. Like I said, they're
human and typos happen, So yeah, that's good to know. That's very

(23:25):
good to know. So Zane's givenme the time out, like the cut
the throat, you're gonna no,no, I'm not going to do that.
It's time for a commercial though.Yes, we are a bit up
against the clock, so we'll beback to talk about credit scores, financing.
Oh my, there we come upright here with Tony Moore, our
special guest, and Shannon Gorman hereon news Radio fifteen eighty WCCF and one

(23:49):
hundred point nine Fumay, if youwere selling your house, how would you
get the most money in less time? Bluck? I'd call Matthew Patterson of
the Patterson Group at Keller Williams.I've got my house in Panama. I've
got my house on thirty A,and I've looked at agents all down the
Florida coast. Matthew with the numberone listing agent of twenty twenty one,
which means he sold more listings thanany other agent in the area. With

(24:11):
so much experience, Matthew and histeam have seen it all in this market.
You need them to advocate for you. Matthew expertly handles any challenge,
making you more money and less time, absolutely stress free. And for even
more proof that Matthew is the agentwith the most experienced catch his show Wednesdays
at eleven am right here on newsRadio fifteen eighty WCCF, where he talks

(24:33):
with Todd Matthews about how you cancapitalize on this seller's market. Look him
up today, google the Patterson Groupat Keller Williams Realty, or call him
at nine four one six one eightysix hundred. That number one more time,
nine four one six one eighty sixhundred. It's the little things that
make a big difference. That's themotto of Oak and ink Land and Title

(24:56):
Company. Picture This a seamless,stress free closing with their expert team will
guide you through the closing process fromstart to finish. They understand that every
home purchase is unique. That's whytheir personalized service insures your needs are met
with precision and care. At Oakand Ink, Land and Title, you
aren't just a customer your family.Call today at nine four one five zero
zero five five zero nine or onlineat Oakandinc. Title dot Com. Listen

(25:22):
what is that? Why it's thesound of your guests teeth chattering. Oh
he's in the deep end. Hecan't here you. Yeah, just keep
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(25:45):
and convenient because Howards can bring thepool heater store right to your door.
That cemen ponds of big investment.Why not use it year round? Howard's
licensed number CPC OH five three threeone oh. The local organization CARE,
the Center for Abuse and Rape Emergencies, needs your help. Care provides twenty
four hour hotline services, twenty fourhour rape crisis, hospital response, and

(26:07):
victim advocacy. This organization has helpedthousands of people providing shelter support and counseling.
Donate or volunteer today call nine fourone six three nine five four nine
nine or donate items at their reusestore, Kenilworth Boulevard, Port Charlotte.
You can't buy a best friend.You can love them, walk them,

(26:30):
pet them, and care for themwhether they want you to or not.
You can take a picture or fifty. You can fly to the moon,
travel the world, or just stayin bed. You can't buy a best
friend like that, but you can'tadopt one. There are millions of pets

(26:51):
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(27:14):
if your dream is to be homewardbound, be sure and call the Patterson
Group at nine four one six twoone eighty six hundred if you have any
questions about anything you've heard so far, as we get back to our guest,
Tony Moore of golf Side Mortgage Servicesand MLS two two o six four.
Oh, just thought i'd slip thatin, So welcome back, Tony

(27:37):
and Shannon, and tell us morewell. I think we were talking in
the break about what are the newincentives? What are things that buyers need
to be aware of as they arepreparing to get into the home purchasing market.
What are the incentives out there?What what can help them make it
easier for them to buy a house? You know, that's a great question.
And stats actually showed that the numberone reason why people don't buy houses

(28:00):
is not because of income, it'snot because of credit score. It's because
they don't have money for down payment, or they don't think they have enough
money for down payment. And Shannon, I was actually doing a search just
yesterday on one of your houses youguys have listed, and there was seventeen
down payment assistance programs available for justthat one home. Wow, that's awesome.

(28:21):
So seventeen opportunities for somebody to getinto that home, Seventeen different opportunities,
and they're all based on different criteria, so you might have to have
a certain amount of income or notmake too much of income. So it's
better for those people who don't thinkthey have enough income to qualify. There's
a lot more programs available that theycan get five thousand, ten thousand,

(28:41):
up to thirty five thousand dollars worthof down payment assistance money. In most
cases it's interest free and no paymentrequired on those. That's pretty cool.
So how does somebody go about findingthat out? I mean, obviously calling
you is the first resource. Butsay someone's a first time home by and
you know they're a ten ninety nineemployee, they own their own company,

(29:03):
what would they how would you directthem? So you know, we did
the same thing every time, andyes, you have to go through the
process, need to speak to yourlender or us. Yeah, and we
need to make sure you're qualified andmake sure everything's okay. That's why we
say always start ahead of time,yep, right, don't start when your
lease is up at the end ofthe month. Make sure we have a
little bit of time to make surethe process. What is the timeline ninety
days sixty days? Well, Imean we can get somebody from get an

(29:26):
application, get them preapproved within twentyfour hours, okay, and they could
buy thirty days later okay. Butif there's things that we want to fix
up, like we talked about beforethe break and they want to we want
to help their credit score get alot better. We want to make sure
we can get them into a betterinterest rate and a better loan. Well,
then maybe we want to have aboutthree months to make sure that everything's
okay, because as you mentioned too, there could be errors on their credit

(29:47):
right And it doesn't mean you haveto have a bad credit score. You
could just have a lower credit scoreand just do a couple of little things
over the next two or three monthsto kind of pay off something that gives
you that better opportunity for that betterrate. Absolutely. I was just working
with a couple that were closing atthe end of this month. They had
a six thirty nine credit score.We needed to get the credit score one

(30:07):
point up to get a half percentbetter interest rate. We showed them what
to do and we were in themiddle of the process. But during the
process they were able to take careof that. They paid down a credit
card. Yep, we repulled theircredit Their credit score went up to six
forty three. I went up fourpoints. I was able to get a
way better deal. That's that's huge, and I do think that's the one
thing, Like you said, earlier. So many people don't understand it and

(30:30):
they just get overwhelmed and they justgo, oh, it's just too much.
I'm just going to rent. Butyou know, like we talk about
rental prices, if you're going topay twenty two hundred dollars a month for
a two bedroom apartment for rent,you can put that towards a really nice
house and build that equity. Absolutelysorry, And you're sleeping in your own
bag. True, that's what Toddsays, sleeping in your bent Yeah,

(30:52):
yeah, absolutely. And you know, if you look at this, and
we were just talking about interest ratesa second ago, and we go out
there and we look and we go, oh, well, seven percent interest
rate. That's a really high interestrate. I don't want to pay that.
Well, if you're renting, you'repaying one hundred percent exactly, because
one hundred percent of that money isnot yours, right. And the other
case, when you're paying seven percentinterest, only seven percent of your payment
goes to the bank. The restof it is going towards principal reduction,

(31:14):
which means it's going to your equity, your wealth, right future, right
exactly. And you know we've alwaystalked about you know, if we look
back at the height of the crazyCOVID market where you know, you were
listening to house and you had,you know, forty offers within ten minutes.
Those people overpaid a lot of thetimes, and they paid cash,
which isn't always a good idea either. Obviously you want to preserve some of

(31:37):
your cash, but you were overpayingyour home just because there was such a
desire in such a demand. Sothat seven percent if you look at it
as yes, it's a little higherfee that I'm paying the bank, but
I'm not paying one hundred fifty thousand, forty thousand over market value of a
home that now I'm not going toget that value out when I go to
sell it in two in three years. So there's that too. What other

(32:00):
really cool programs should some of ourlisteners out there think about and know about?
You know, there's just a lotof different options out there, whether
you're looking at buying a primary residenceis a first time homeowner. As I
mentioned, we have a lot ofdown payment assistance programs. We have a
lot of people that are moving tothis area of thirty seven thousand people per
month last year moved to Florida infull, so we have a lot of

(32:22):
people moving down here and they're eitherretiring or moving down here. And as
you mentioned with that, we havea lot of we have a lot of
programs that they can use where youcan keep your money as your asset,
because we all know cash is king, and I know my portfolio has made
about twenty four percent last year,as most people's did so paying a seven
percent interest rate compared to making twentyfour percent. We know what we want

(32:43):
to do exactly. But you know, I'll tell you one thing, Shannon,
I'm seeing more of over the lastfew weeks is the investors are getting
back in the market. Yes,we have to. And when you see
investors getting the market, the firstthing I think of is those are the
smart buyers that are looking for thegood deal and they know they're available right
now. They know there's good dealsout there because either people have to sell

(33:05):
need to sell, and there's notas many buyers right now, so it's
given the option for those buyers tobe able to find a good deal right
now. Yeah, the investors aredoing really well. We've obviously seen that
on our team, and you know, if you look back to the stats
of the Fort Myers Cape Coral area. You can tell based on that low
number of inventory and that lower pricerange that probably a lot of those are
investor properties. So you know,and once again you may not realize that

(33:30):
you have the income and the abilityto pick up an investment property, even
if you're a current homeowner. Youmight want to buy something that is in
that price range to create residual income, create some rental income. Absolutely.
Another option to do is look ata multi unit family, so you can
buy a two or three unit familywith as little is for a first time

(33:52):
home buyer, could do as littleas five percent down, which you can
get as down payment assistance. Correct, you can get in you can rent
the other two units out payment exactly. This is what my parents did back
in the sixties when they moved toFlorida. They bought a triplex, yeah,
and they lived in the well,the largest unit, and they rented
the other two smaller units out yep. And it only took them maybe five

(34:14):
six years until they had enough toafford another house of their own that was
a big upgrade. And then theykept they held onto the triplats and had
income from that. It is it'sa good I mean, I know There's
a lot of people that do paycheckto paycheck, but sometimes if you really
look at your situation, you couldprobably reconfigure certain things that you're spending money

(34:35):
on and put that towards another paymenton an investment property that will set you
up for future, you know,future down the road. I know we
had talked about. We always obviouslythink about veterans and service people. The
Hometown Heroes program is supposed to becoming back. Is that true? It
is? It is. Actually ourcouncil has signed a bill already and it's

(34:55):
going to go in place on Julythe first, for another hundred million dollars
okay, which is no payment,no interest, it's not it doesn't have
to be repaid for up to thirtyyears. Wow, I mean, and
it's five percent of whatever you're purching. It's purchasing up to seven hundred thousand
dollars purchase price. So that putsyou as as a retired veteran, you

(35:16):
really can come down here and youknow, retire and have that dream home
and you know, get some rewardfor your service, which I always look
at it that way. Absolutely.In the Hometown Heroes program actually started for
all frontline workers. Yeah, it'steachers, nurses are yes. Yeah,
and well they actually just changed theychanged it earlier this year. So it's
for all first time home buyers thatlive and work a full time job in

(35:39):
the state of Florida. That's wow. So it's only for Florida residents that
are actually working here as a fulltime job, So all first time home
buyers. So now the hero isanyone who is a Florida residence that's working
forty hours or more. And obviously, you know, we love Florida,
that's why we're all here. Andit's just you know, it's such a
desire place to come. You know, we talk about golfing on the weekends

(36:02):
and here it is, you know, beautiful weather, and you know,
these incentives are going to probably createmore of a demand of you know,
these properties, so the sellers,you know, I know some people's property
are on the market a little longerthan they would hope, but you know
they're coming. Our governor is doingthings to ensure that, you know,
we continue to make our area andour state more desirable to come and you

(36:25):
know, relocate too. So that'sthat's very good news. Absolutely. The
only thing I'll say about the hometownHeroes is get prepared now so you can
be ready to use that time gamein since this program, yep, we've
already gone through a lot of money. They've given out a lot of money
on the two other times that theyfund in it. Uh. And it
may only last four or five months. So I mean one hundred million dollars
sound like a big number, butwhen you think about the influx of all

(36:46):
the people coming to Florida or thepeople who are currently here, it will
go very fast. And it's theentire state of Florida. Yeah, that's
it. And then obviously certain areas, you know, you've got your Naples,
you've got your Jupiter, you've gotyour higher end proper you know markets
that that number goes really fast.So all right, get I'm getting to
sign from zaying what that finger wasnot very nice saying come on phone.

(37:10):
Oh okay, sorry, does soundgreat? Thank you really do. We're
going to take a break and thenwe'll come back and talk about a little
bit more with Tony, and thenwe'll talk about some non new listings that
the Patterson Group has to share.Absolutely are hot new listings of the week
coming up. All that and moreright here on news radio WCCF. Hey,
Buck, do you know what thisyear's election in the housing market have

(37:32):
in common? Okay, you gotme on this. What they're both heating
up More and more people are findingout their vote and their home is worth
more than they think. Do youknow how they're doing that? Buck?
I'd call Matthew Patterson of the PattersonGroup at Keller Williams. Matthew expertly handles
any challenge, making you more moneyand less time, absolutely stress free.

(37:52):
That's right. Just go right tothe website and a matter of minutes you'll
have the most accurate source for yourhome's value today. That strategic piece of
information opens up all the options foryour home. Options like an instant offer,
or lay out your timeline and takeadvantage of the guaranteed sale program,
or just put it on the marketand get more money than you expected.

(38:13):
And just like an election, choosingthe right option makes all the difference in
your future plans. The choice isclear call. The only agent we recommend
contact Matthew Patterson. Just google thePatterson Group at Keller Williams or go directly
to Matthew Patterson dot com Keller Williams. Peace River Partners. It's the little
things that make a big difference.That's the motto of Oak and Ink Land

(38:35):
and Title Company. Picture this aseamless, stress free closing where their expert
team will guide you through the closingprocess from start to finish. They understand
that every home purchase is unique.That's why their personalized service insures your needs
are met with precision and care.At Oak and Ink, Land and Title,
you aren't just a customer your family. Call today at nine four one
five zero zero five five zero nineor online at Oakandinc. Title dot com.

(39:00):
Listen what is that? Why it'sthe sound of your guests teeth chattering.
Oh he's in the deep end.He can't here you. Yeah,
just keep swimming, you'll stay warm. This is Chuck Britton for Howard's Pool
World. Howards can keep your poolcozy and comfortable with a brand new American
made, energy efficient and budget frond, the Pool Leader. Give him a
call while you're thinking about it.Nine four one sixty five six thousand and

(39:22):
seven. Easy and convenient because Howardscan bring the Pool Leader store right to
your door. That cemen ponds abig investment. Why not use it year
round? Howard's licensed number CPCOH fivethree three one oher. The local organization
CARE, the Center for Abuse andRape Emergencies Needs Your Help. CARE provides
twenty four hour hotline services, twentyfour hour rape crisis, hospital response,

(39:45):
and victim advocacy. This organization hashelped thousands of people providing shelter support and
counseling. Donate or volunteer today callnine four one six three nine five four
nine nine or do items that theirreuse Storm Kenilworth Boulevard, Port Charlotte.
Our veterans risked it all to protectour freedom. One of the best ways

(40:08):
to say thank you is to volunteerto support them at a time and history
where kindness is a virtue. Volunteeringat a therapy bag event, teaching a
craft class, or simply helping veteransat a hospital means a lot. For
over forty seven years, Help HealVeterans are not for profit organization, with
the support of citizens like you,has created manufactured and distributed therapeutic art and

(40:34):
craft projects for our veterans and militaryat no charge to them. As a
National Veteran service organization, Help HealVeterans supports VA hospitals, patients at home,
and our active military together help healveterans and volunteers like you have delivered
over thirty two million therapy kits toinjured and recovering veterans. To volunteer or

(40:58):
learn more, visit heel vets.That's helvet dot org. Your home sales
down when you call Matthew Parson,Go to Matthew Parson dot dots, oh
fro property and welcome back to realestate exposed here on news Radio fifteen eighty

(41:24):
WCCF. And let me give outthat number one more time for the Patterson
Group. It's nine four one sixtwo one eighty six hundred. Once again,
that's nine four one sixty two oneeighty six hundred. Coming up.
It's our hot new listings of theweek. But let's visit a little bit
more with Tony Moore from Gulf SideMortgage Services and MLS two two o six

(41:47):
four. Oh, and let's visitwith Shannon once again. So I was
pulling some information for the show,and I saw an article about mister Powell
and he's in charge of the FederalReserve that he's kind of walking back the
prediction for dropping rates below five percent. So what have you heard, Tony

(42:09):
about the predictions? So that's agreat question. In Powell, this is
actually his last term, yep inthe feeds, so somebody will be taking
his place coming up soon. Andof course he wants to go out on
a high note. So we're notsure how long he's going to hold rates
back and see what we can do. But he wants to show that he's
doing a very good job with ourmoney out there, So we're not too

(42:31):
sure. But I will tell youthat history will always lead the way for
us. And when we go backto the nineteen forties, we know that
interest rates always move with the USdebt. When the US debt is lower,
we see interest rates go higher.And in the early eighties through the
mid eighties, we actually had thelowest US debt that our history has ever
had. And some of us knowthat during that time we had the highest

(42:53):
interest rates we ever had. Yeah, double digits, right, double digits,
ten eleven, twelve, thirteen percent. Since those eighties, all we've
seen happen is the US debt hasgone up. Right now, There's been
peaks and valleys, but on abar scale, it's always gone up.
And since then, what have weheard all new time record low interest rates
over and over, right, we'veheard that through the last few years,

(43:15):
we've seen rates down in the lowtwos at a given time. I actually
locked my best interest rate at onepoint nine to nine percent for a veteran
back during that time. Yeah,thirty year fixed. They're never going to
sell, no, so they're nevergoing to swell, and it's like free
money almost right. So the reasonwhy I say this and we talk about
what's going on with interest rates isright now we have a US debt is

(43:36):
at over thirty six and a halfor thirty four point six trillion dollars and
I don't see it changing anytime soonother than going up, which is what
we're seeing. So should we seeall new time low interest rates? Maybe
because that's been history, that's beenwhat we've always seen. But there's a
lot of things that are holding outthere, and people are saying, well,
why aren't rates lower than where theyare? Why is the ten year
treasury and interest rates have a biggerspread than they've ever had before. Well,

(44:00):
the answer to that question simple isgo out on a Monday and look
around to see how many people areout to dinner right, go out and
look to see how many people arespending money. And as we continue to
spend money without any reason of slowingdown, the economy says we're doing well
right, so it doesn't feel likeit needs a correction, so it doesn't
need a correction when basically it's ourfault. It is our and we have

(44:20):
to stop spending money to send asignal to the Fed to like, ooh
okay, now we have to incentivizepeople to want to purchase homes and get
back in that market. Absolutely untilwe see the rates come down. So
until we see that slow down andwe sleear economy slow down on spending money,
we're not going to see the ratesdrop. Because people are spending more
money. We actually have more consumerdebt, yeah, than we've ever had

(44:44):
in history. Well, but ifthey're not spending money, they're spending credit.
They're spending credit. That's the problem. And guess what the average interest
rate on a credit card is.Isn't it like twenty one percent? It's
over twenty percent right now, inwhich nobody thinks about and nobody's thinking about
that now because they just as longas you make your monthly payment, you
know, Oh, I've got eightthousand dollars on my credit card, but

(45:04):
I only have to pay forty fivedollars a month, And they don't understand
that maybe ten of that dollars,if even is going towards their payment and
the rest of it is all interest, and they'll they'll never pay that off
one hundred percent correct, And there'snothing that we can do about it or
slow people down. We really needto control our spending. We don't want
to have that much, that highconsumer debt. But you know, I
was looking at some reports from theNBA, and the NBA, the Mortgage

(45:27):
Boat Banking Association Bankers Association, excuseme, is predicting that interest rates at
the turn of this year the endof this year should be around six point
one percent, okay, which isabout one percent lower than we are right
now. So with that happening,what's going to happen when we do see
rates start to go down a littlebit or people get more comfortable with knowing
that rates are a little bit higherthan we were used to not the average

(45:49):
Yeah, yeah, is that we'regoing to see more people buy I think
so too. And the NBA reportsactually show or predict that we're going to
have thirty seven percent more mortgages inthe second quarter than we did in the
first quarter by volume. Yeah,and then fifty percent in the third quarter
and another forty five percent in thefourth quarter, which is going to speed

(46:09):
up real estate right right. Obviouslysome rates are going to come down a
little bit, but we don't wantto miss out. Well. So this
was another article that I thought waskind of interesting. It says baby boomers
are selling their homes and millennials arebuying. Are you seeing more millennials because
this was saying that let's see thebaby boomer or millennials to surpass the baby

(46:34):
boomers as the largest generation of homebuyers totally thirty eight percent, where baby
Boomers only made up thirty one percent. So are you seeing millennials coming into
the game of once again first timehome buyers purchasing homes more so than the
baby boomer generation. Yeah? Absolutely, I mean it's it's all over the
place, but we are seeing alot of the younger generations purchasing homes now.

(46:55):
And when you look at some ofthe polls that they've done that the
younger generations actually have more confidence inbuying right now than some of the older
generations which we talked about investors,and investors are back out there buying out
properties, so we know it's ait's a good time to purchase and to
buy and with as you still said, we still have a low inventory.

(47:15):
And they're saying that they're somewhere inthe realm of five to six and a
half million people nationwide waiting to buyhomes. How many homes are on the
market somewhere just over a million exactly? Not enough? Yeah, worth four
million homes behind right, and builderscan't build that quick correct. So once

(47:36):
this generation or these these are arecitizens start buying up these homes, we're
going to have an inventory problem.We're going to have an inventory You think
it's you think it's a big inventoryproblem right now because it's more localized.
But over the big picture, we'restill severely in a deficit of that.
Well, listen, Tony, onceagain, you've been amazing. I really
appreciate you. If somebody wants tocall you and and reach out to you

(48:00):
about possibly getting themselves prepared to purchasea home, how can they get in
touch with you? Yeah? Absolutely, If if anyone wants to reach out,
has questions. When it looks likegetting preapproved or down payment assistance,
you can always find us. Justgoogle us golf Side Mortgage Services. We're
located in Venice, Florida. We'vebeen there. If we actually just celebrate
our twenty first anniversary and why forthe first we've been voted best mortgage company

(48:22):
in an area for twenty years ina row. Wow, that seems to
be a really good trend. Itis, it is, And our website
is Golfside MTG dot com and youcan call us at nine four one four
eight five forty two twenty two.It's nine four one four eight five for
two to two two. Thank you, Tony, thanks for having in here

(48:42):
with Shannon. I see I actuallysee a red glow coming from those escapers.
I know what that means. Thatmeans it's the hot new listing.
So the week it is hot,the hot new listings. And I've got
some really cool stuff going on.We've got some beautiful million dollar properties in
Punta Gorda Isles. So if youwant to head into PGI and have that
waterfront dream home, we've got threefour zero Palm Aisles. It's going live

(49:07):
this week. One point six million, not too far away. We've got
one two seven Highbiscus Drive that isalso going to go live for one point
two million. So those are goingto be some beautiful properties. Over in
the Lake Susy area, we've gotone three four three six Southwest Pembrooke Circle.
This is going to be in thatreally good price point people. Two

(49:28):
hundred and fifty thousand going to belisted. So if you're interested in a
retirement home, a second home,an investor home, a first time home,
definitely check that out. This isa really cool property. This is
out in Inglewood eleven four South McCallRoad. This has got you are literally
on the bay. It's got abeautiful dock that is deeded to the home.

(49:50):
This one needs a little bit ofa little bit of tender love and
care, but the but the viewand the property is fantastic. For nine
hundred thousand in Port Charlotte if you'relooking for that life, twenty twenty willow
Hammock Circle. This is a turnkeyproperty ready for you to move right in.
Two hundred and thirty five thousand.Wow, that's great. Well here's
another one. Now, this isan over fifty five community, but this

(50:13):
is a fully furnished little condo inMaria, Manor right there on forty one
in the Hard Report Charlotte one hundredand fifty nine thousand dollars. That would
be that location. It's easy toit's so close to everything. Get up
every day, walk to Bob Evans, right. I mean, that's it's
just perfect. There's all Publix isright there, all the amenities of it's

(50:35):
there, just central port right yourbike. Yeah, it's perfect. Now,
if you want to see some ofthese houses, Hibiscus one twenty seven
Hybiscus, we have an open housethis Saturday from ten to twelve. Rob
will be there at three forty PalmAisles on Sunday from twelve to two.
Jennifer will be there, and wehave another new listing that is coming on
the market also six three four fourMcKinley Terrace. Christine will be at that

(51:00):
open house Saturday from ten to twelve. So if you want to come see
them live and in person, justcheck out our website and we'll have all
those informations for you. There's alsoa really fabulous business opportunity, so you
know, we talk about buying houses, but we also do businesses. This
is a business that has been inPunta Gorda for probably forty plus years.
If you know, you know,but a barber shop in Punta Gorda,

(51:22):
Terra's on Ria Villa is for sale. Now this is the business and the
contents, not the building. Butif you wanted to get into a business,
to walk right in, just basicallyopen up, turn on the lights
and there you go. This isdefinitely an opportunity for you. We're listing
the business for one hundred and fiftythousand. If you'd like to get the

(51:44):
details on that, just give ouroffice a call. Matthew is managing this
listing and he can give you allthe details of the financials and what all's
going on there. But this isan incredible opportunity. If you are a
hairstylist or a barber and you're wantingto get your own space, you're tired
of renting chair, this might bethe perfect place for you. We got
time for some mark a minute thirty. So here's here's a sneak peek.

(52:07):
This is the ink is not evendry. Matt has just signed this.
This is a new listing. Ican't give you a whole lot of details,
but if you're looking for that countrylifestyle. We have got twenty acres
out in the Lake Susi area,about five miles from the interstate of beautiful
beautiful home, a six stall horsebarn. So bring your kids, bring

(52:30):
your horses, bring your goats.This is going to be the property for
you. More details coming. Ifyou're interested and you want to be one
of the first people to see it, make sure you give our office a
call. We will happily give youall the details and a private tour.
One all right, one minute left, So here we go. We have

(52:51):
brand new listing on Cobalt Road.This is an artist acres in Inglewood listed
for five nine nine nine lots ofnine. It's almost an acre of property.
Modesto Circle nine four seven five.This has been We've had this for
a while, but this is agreat property. It's in South Golf Cove.
Move in ready listed for five thirtynine Wow. Yep, good deal.

(53:14):
Back on the market seven fourteen viaTripoli and Punta Gorda. This one
is listed for one million dollars.This is a waterfront three bedroom, two
bath double lot. You definitely wantto check that out. We got time
for one more, one more.We can maybe squeeze in one more eleven
seven sixty Grand Belvedere Way, Unitone oh three and Fort Myers. This

(53:35):
is an arbor Wood Preserve. Pricereduced to four to twenty five. Fantastic
and once again, if you haveany questions called the Patterson Group nine four
one six eighty six hundred. Thankyou so much, Shannon and Tony for
being here, always a pleasure.Thank you,