Real Estate Exposed 1.17.2024

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Episode Transcript

(00:06):
Good morning, and welcome to realEstate Exposed on News Radio WCCF, brought
to you by the Patterson Group atKeller Williams Realty. I'm Todd Matthews here
to facilitate conversation. We've got MatthewPatterson, host of the show. Saint
Scott is our engineer pushing the buttonsand making it happen today, and we've
got a fast pace and exciting hourahead of great information about our local real

(00:27):
estate economy. It'll all conclude witha fast paced look at Matt's picks of
the week. He's got some excitingbuying opportunities that you're just not going to
find or hear about anywhere else.Let's jump right into it and get started
here as the host of the show, Ladies and gentlemen, Matthew Patterson,
gentlemen, how are we doing?It's fantastic. How about you? I'm
doing okay, I'm doing okay.I think we need to continue this conversation

(00:51):
we just started week. I wonderif you wanted to do that. I
do want to do that because youknow, as much as I absolutely love
real estate, I really love soyour bills are still in it. That's
right. The books pulled one out. Nick on my team, he's if
he's listening, you know, he'she's still a little hurt. You know.

(01:14):
My cults were out, yeah,pretty early. And so so what
do you think Dolphins fans disappointed?I know? And I was, I
know, and Dolphins were doing sogood. So what do you think you
guys got it? I got itin you. I have seen us go
down this road so many times andhave ended up so disappointed, soustrously optimistic.

(01:36):
Any given Sunday, my friend,I was just so shocked. I'm
not you know, of course Ilove Tampa Bay. I was. I
was very shocked though. When Iwoke up, I mean, I can't
stay up, you know, he'sgetting me up at five point thirty.
So I watched the first quarter,looked at the highlights about three in the
morning, you know, and Iwas like, whoa. I was shocked.

(01:57):
Yeah, but I got to saythey play with a lot of heart,
yeah did I mean they wanted it. They played with her, and
I love seeing that they and Iknow they're in sort of the underdog place.
They really relished that position though,and you know what, sometimes that's
what it takes, right, Iremember, you know when the Colts,
I feel like we could have undefeatedthat year and we decided to rest the
last game or two and had tobuy and all that at home field advantage,

(02:23):
and well, I don't think Ineed to say how that went afterwards.
So I think sometimes you know,it's it's who's hot in December,
who's healthy? And all? Right? Man, well good luck to you.
I know Aaron on my team issuper she is a crazy Bills fan,
So good for so you guys wouldhave a lot in common. You

(02:43):
want to talk to real estate?Is that what we're supposed to be doing.
We can do whatever we want.That's what we came here for.
Of course, real Estate exposed.And one of the things that Matthew Patterson
does is he brings together I seespreadsheets late on all the information about our
local economy, the last week snapshot, if you will, that kind of

(03:04):
thing. So why don't we diveright in and see if we can figure
out what's going on? Yeah,and I know, if you know,
if you're a regular list, Iknow, sometimes the weeks, you know,
they sound similar for a few weeks, but the reality is the numbers
of the numbers, And then thenwe start to see a change, right,
I mean, you know the realestate market, you go you know,
history always repeats itself, and youcan you can go back twenty five
years and you see it ebbs andflows. Even in good years, you're

(03:29):
gonna have some some down times.Now. The the thing about that is
a lot of times you don't feelit as a consumer or see it actually
come to fruition until for three,four, five, six months. And
that's why this is so important becausehere you're getting the current information weekly.
So weekly numbers, let's talk aboutthat. We talked about Cape Coral Fort

(03:51):
Myers. I got it at fivehundred and fifty five new listings last week.
I actually ran into my signed guyat the stoplight on the way here,
Roll down windows, said hi,and uh, I said, how's
it going? He said, Man, I'm making about fifty new posts a
week to keep up with the mouththat's going on the ground. So no,

(04:11):
I said, Well, don't worry, I said, because we've got
a lot of activity and things aregoing to you know, be selling faster,
so you'll be getting a bunch ofthem back. But well, five
hundred and fifty five sounds like abig number. It is a big number
until you look at it in perspective. Yeah, you got three hundred and
thirty six that's old or one undercontract that is to sell, uh huh,
so that that pace is picking upthere for sure. Quarrel is definitely
one of the hotspots in the highernation right now. It is, and

(04:33):
we're going to talk about it today. I've got I've got some reports about
Charlotte County the area. Uh,three of the hottest in the country communities
are in our area. So we'regoing to talk about that and wait to
hear that. Yeah, as wellas some other developments that's going on,
some restaurants. We're gonna talk aboutinterest rates. We're gonna go about navigating

(04:55):
the housing market during an election yearand and just what's what that look like.
And then I've been getting a lotof questions about should I buy in
twenty twenty four, So we're goingto discuss that. But I think I
know the answer to that one.All right, Well, I'll wait and
see. Well, I've got Igot a couple of questions with it.
So it's going to depend. It'sgonna depend all right, all right,

(05:16):
So home sale Charlotte County Northport twohundred and sixty two do listenings the last
week one hundred and forty two onecontract. Let's take it, take a
little broader look at it and lookat the last three months. Obviously,
we talked about that last week,the number of months of inventory. We
are seeing that start to go downagain, a couple of price points holding

(05:36):
the same. That means people arebuying. We're seeing more a lot more
showings on all price point of homes. So activities looking good. And I
know, you know, if you'rea seller that's listed in your home has
been on the market, you werevery happy to hear that. And you
know, if you're a buyer again, I would I would buy. You've

(06:00):
got the options in less less competitionright now, you have got the opportunity
to get concessions, negotiate price,just a lot of options that you haven't
had and and you know, andand the market will change to where those
are going to go away again.So it's sort of answers the previous question.
But is it tying to buy intwenty four Oh no, we haven't

(06:21):
touched that yet. We haven't gottenthat might play into it in some it's
gonna play until a little bit.You know, I want to give a
shout out. I saw a reportAnimal Welfare League. Uh Loz is always
on my team, always looking atthis stuff. You know, we love
our community, and I had noclue uh that you know, there was
an article Animal Welfare League of CharlotteCounty needs our help or your help.

(06:46):
They have six hundred and seven animalsright now to be adopted. I mean
it's heartbreaking in a way, butit is spreading the word. Maybe we
can do something about that. Well. I think a lot. I mean
I think a lot of it hascontributed to the you know, the inflation,
you know, a lot of animalsurrenders, That's what I mean.
Yeah, And and it's said,you know, obviously I'm a big animal
lover. If my daughter could adoptall six hundred and seven, she would,

(07:10):
so we're not going to tell herabout it. Yeah. I was
just shocked to hear that that's abig number, right. Yeah. I
would have figured it maybe for LeeCounty something along those lines, but this
is Charlotte County numbers, that's right. So if you're in the need for
a loved one, a fur baby, for sure, reach out to them
and check it out and what isswing from the days of the pandemic when

(07:33):
the shelters were basically emptied, Iknow, and look that everybody was home,
right, yeah, and it wasa great addition. And then uh,
you know, inflation hit and youhad people living in their cars,
which we never want to hear.And you know the cost I mean,
look at the cost of food forfor you know, to feed yourself.

(07:55):
Then you're adding animals to it.I know it's gotten tough for a lot
of people. I know one manthat trey a lot of horses and he's
in another state and was telling mea few months ago that you would pull
up to the to the auction andthey there would be six, eight,
sometimes a dozen horses tied to thefence with a note saying, please get

(08:15):
him a good hope because they justcouldn't afford to feed him. So very
sad. Maybe somebody will do somethingabout it, that's right. I just
wanted to put it. You're inthe need for a fur baby, a
lovable pet. I'm sure they havea lot of different breeds and a lot
of different types. Absolutely, Whiskey, Joe's Bar and grill. We've talked

(08:37):
about it. We've mentioned it obviously. We all know Sunseekers open. I
have you made it? Not yeteither, Still on my list, Still
hearing good stuff. Yeh. Seemslike you know, traffic hasn't been bad.
I gotta say, at least Ihaven't experienced it. But Whiskey Joe's
is going kind of catty corner there. They actually have finally broken ground,
So just to put that out there, anybody who's been waiting on that.

(09:01):
Yeah, and there are all kindsof new dining establishments going into our community
every time there are turning corner.You see something else I noticed in the
paper today, McAllister's Deli has opened, okay, and it looks looks really
good. But I mean for thosewho say, od it's the same old,
same old, to take another look. Yeah. The only thing I
would say to that, I mean, I love our hometown people, you

(09:26):
know, so definitely, you know, and I think everyone there's gonna there's
plenty of people and plenty of businessgo around, so I know, uh,
you know, definitely I want tocheck out Sunseekert, but I still
love my go tos. Yeah,absolutely, all right, tell you what
we're up against the clock. Let'stake our first time out and we will
come back with more real estate exposedon news radio w CCF and now story

(09:46):
are with Uncle Chuck, Keith andSteph and they move around a lot.
So they've sold a few homes intheir day, four homes and four states
to be exacted. They've never hada positive experience in any of the process,
that is until they work with MatthewPatterson, whether it was his communication,
staging or marketing. Matt showed thecouple that when realtors care about what

(10:07):
they do, they can make ahuge difference. Matt got their home sold
in just a few weeks for overthe asking price. This is Chuck Britton
for the Pattison Group called the onlyagent I would trust if I need to
sell a home in the Southwest Floridaarea. Matthew Patterson the Patterson Group at
Keller Williams. You can find outwhat your home is worth on a matter
of seconds by a true market expert. Just go online to Matthew Patterson dot

(10:30):
com right now or give them acall at nine four one six eighty six
hundred and then start packing because youwill be moving your home sales down when
you call Matthew Patterson. Go toMatthew Patterson dot I don't mean to get
personal, but how old is yourpool heater? This is Todd Matthews on

(10:50):
behalf of Howard's Pool World, andif your heater is older than twelve years
you might want to consider a replacement. The newer heaters are much more cost
efficient and you don't have to worryabout not having a heated play this winter.
Remember Howards brings the pool heater storeto you in the comfort of your
own home. Give them a calltoday at nine four one sixty five six
zero zero seven. That's nine fourone sixty five six zero zero seven.

(11:11):
And remember Howard's didn't invent pool service, they perfected it. Why is a
recpcal five three three one to zero. It's the little things that make a
big difference. That's the motto ofOak and ink Land and Title Company.
Picture this a seamless, stress freeclosing where their expert team will guide you
through the closing process from start tofinish. They understand that every home purchase
is unique. That's why their personalizedservice insures your needs are met with precision

(11:33):
and care. At Oak and inkLand and Title, you aren't just a
customer, your family call today atnine four one five zero zero five five
zero nine or online at Oakandinc.Title dot com. The local organization CARE,
the Center for Abuse and Rape Emergencies, needs your help. CARE provides
twenty four hour hotline services, twentyfour hour rape crisis, hospital response,

(11:58):
and victim advocacy. This organization hashelped thousands of people providing shelter support and
counseling. Donate or volunteer today.Call nine four one six nine five four
nine nine or donate items at theirreuse store Kenilworth Boulevard, Port Charlotte.
Hi. This is Celine Dione askingyou to help put an end to premature

(12:22):
birth. I share the concerns andfears of every parent, knowing that more
than one million babies around the worlddie every year simply because they didn't get
enough time to grow. Let's worktogether for stronger, healthier babies. Visit
Facebook dot com slash world Premature todayto find out how you can make a

(12:43):
difference. Thank you for caring.Go home sales down and you call Matthew
Parson The Matthew Parson Doots oh Property. Welcome back to real estate. Exposed

(13:05):
News Radio WCCF brought to you bythe Patterson Group at Keller Williams. Let
me sneak the phone number in herein case you'd like to follow up on
something that you have heard, beit buying or selling, or anything relating
to real estate nine four one sixone eighty six hundred, or go to
Matthew Patterson dot com nine four onesix one eighty six hundred. Now let's

(13:26):
get back to your host to theshow, Matthew Patterson, who's got a
tremendous amount of paperwork in front ofhim. Where are we going? I
got to tell you, there's justso much going on, right, There's
a lot. I mean, there'salways a lot of real estate news,
and I'm I'm kind of chagrined sometime to hear the national pundits sounding so
negative when I know, because Iknow you that's not the story. Well
just I appreciate that, but notjust me. I mean again, I'm

(13:48):
in I'm in touch with teams acrossthe country. Right definitely, you know,
has the market been you know,funky? Sure? Did we know
it was going to have a shiftin it? Yes? But I can
tell you, you know, thenational news is very frustrating, It really
is. You listen to exactly.And it's like, do they have any

(14:09):
clue, I mean of what's reallygoing on or are they just trying to
fill the airspace because you know alot of areas like Southwest Florida is very
promising and doing very well. Imean, look at all. That's the
reason you see all the new construction. That's why you know you've got all
this going on. I mean rightnow. One of the things I brought

(14:31):
is so Northport Board they gave thefirst approval. This isn't final approval,
but definitely a step in that directionfor one hundred and eighty unit luxury apartments.
Why because it's needed. The majorityof Northport has been seeing family homes.
Yeah, you know, and andwhen you get other places opening there,

(14:52):
like the hospital, they're going todo that. Where's there they going
to live. I've seen a lotof social media pushback on that too,
get it, because it's it's notI when I see social media push back
about we don't need more industrial space. You know, there might be some
argument there, but we need theresidential space for sure. We need the

(15:13):
residential space. We need affordable residentialspace. And uh, you know the
reality is we would have had itlong before that, the recession exactly.
And now you've got all those businessesopening. I mean, you know,
it's like every day I'm like,oh, well that's half done, and
it's you know, I mean,and I'm not saying we don't need them,

(15:35):
but I'm sure every most people appreciatethis joke. Or you know how
many storaginits do we need storage unitsand car washes? And that's why some
communities have begun to put moratoriums upagainst it. Yeah, yeah, recently
because it was just getting on ahand. Well it is, and the
last thing you want is them toovercorrect and then you've got them sitting there

(15:56):
empty and not being filled. Butyeah, you know, so it was
bound to happen. So we gotone hundred and eighty unit luxury apartments also,
and let me make sure I getthe number right here with that as
an RV resort. Oh, that'sright, And I'm trying to remember how
many units are with that. Thisland used to be on by the first
Christian Church report Charlotte, here wego, master plan for four hundred and

(16:21):
fifty eight space RV resort approved.They unaniously approved that a development master plan
for a Salona RV Resort being proposedby Zeeman RV Resorts, and it would
be just south to Tamiyammy Trail,west of Tallon Bay Boulevard. The four
hundred and fifty eight space would includethree hundred and eighteen standard recreational vehicle slots

(16:45):
as well as one hundred and fortypark model RV slots, two clubhouse buildings,
a resort style pool, wait forit, pickleball courts, a maintenance
building, and stormwater improvements. Youknow, and I know they're building another
one on seventeen that all that landthat was just clear's another RV resort.

(17:06):
You've also got a new community beingbuilt there on Tucker's Grade. So a
lot of changes, a lot ofthings happening. For anybody who would say,
well do we really need ask anybodywho enjoys the RV lifestyle, go
ahead and ask. Okay, Ichallenge you to enjoys the RV lifestyle,
but also ask him how the bookingsare. Because I have good friends of

(17:29):
mine that had called around. Thiswas just a couple of months ago,
and I'm talking all of them booked, some of them, you know,
definitely, you know the prices Icouldn't believe, you know, eighteen month.
I mean I used to get aspot for three fifty four hundred old.
There's no place exactly, so that'sall. That should also help the

(17:51):
pricing. Yes, this is mypoint, because we have more competition,
that's going to help correct some ofthat pricing. So only a lot of
changes going on. So you know, that kind of leads me into should
I buy in twenty twenty four?Oh there's that magic topic we talked to
you. Yeah, yeah, thelot apparently the considering though, there's a

(18:11):
lot to consider. You know,the timing's got to be right for you
and or your family, right,that's probably number one on the list.
Always, always, that's one ofthe first questions I have is you know,
along with okay, what do youlike to do? What do you
do recreation? You know, tohelp me find the right location. Then
the other question, you know,for me would be how long are you

(18:33):
going to live in it? Youknow, if it's somebody that's twenty years
old and they're going to live theretwo years, well then we need to
we need to really don't knock themic over, we need to really look
at what is the cost of thatcompared to renting for just a couple of
years. Because I got to say, rents has been coming down. That's
true. It's been a very differentpicture lately, hasn't it. Uh well,
and it needed to be, sadly, you know, as myself owning

(18:56):
some rentals, I got to tellyou, if we can just get the
insurance to come down, which we'lltalk about that a little later, but
because you know, those increased rents, a lot of that has been because
of that. The tax is aninsurance. So but anyway, so back
to should I should I buy?I can? You know I can't speak
nationally obviously there I you know,I do have buddies with areas that are

(19:18):
slower and you're better to wait.I can tell you here with what we
see in the demand. Absolutely,That's why I'm getting so many calls from
investors wanting to purchase here. That'san important point. I always think,
anyway, I do because investors typic. I'm not gonna say none, but
typically they don't make moves they're goingto lose money on. That's exactly right,
they don't. I mean, Isaid a long time ago, I

(19:40):
remember when home depot was, youknow, I pave did some paving there
many moons ago. It was theonly thing around. I thought, what
is it? Why are they puttingthis here? Well, because they spend
over a million dollars just doing thethe economics on it, and they know
what's coming. So when you seepeople making moves like that, you know,
so you know, that's where Isay, you know, depending on

(20:02):
the timing. Again, if it'sgoing to be just a couple of years,
then we'd have to really look atby the time you you know,
you know, you pay the coston that and your and your principal and
interest taxes, insurance. Would yoube better just to rent for a little
bit. The follow up question ofthat, though, is maybe you're only
going to be there two years,but would make your first great rental?

(20:22):
Oh okay, you know, ifI'm obviously a big proponent of investment property,
if it's something that that you couldroll into a rental, well,
then that's a different question or maybea different answer as far as yes,
go ahead and buy it, evenif you're gonna move in two years.
Okay, and uh, but thenthere's there's also other variables, other variables

(20:45):
like PMI, private mortgage insurance.You know many years ago it dropped off.
Now that's not always the case.So you know, sadly, Let's
say you you know you needed toput twenty percent down, Well let's say
you put three and a half fivepercent. That's that's well and good.
But you know, but you takeon this PMI insurance. Correct that now
doesn't drop off. But wait forit. You're setting on a three percent

(21:07):
interest, so you thought we'll justrefinance it later. Well, now interest
came up. Yes, we're lookingat some changes and we'll we'll we'll talk
about that in the next segment.We are seeing some decreases in insurance or
I'm sorry interest. Are we goingto see three percent again? I don't
believe so, but you mentioned pmI. If I believe the way it
works is if you are there morethan two years and you have twenty four

(21:32):
months of positive payment of the mortgageand you have a certain amount of equity
in the home, you can eliminatethat. It depends on the lender,
depends they're changing things. So that'swhy I say, there's just things that
you really want to look into tomake sure you know, and that's what
we help with. Well, yousure do, and it's it really is
a mining field to go on yourown. That's why I always rely on

(21:56):
the Patterson Group as a little bitof backup for these kinds of things.
Now, when it comes to homebuying, I know you've got a home
buyer seminar on the schedule coming up. And the best part of all is
it's free. Absolutely when it'd bea good time. You know, I've
been wanting to do this for yearsand you know, I you know,
the I can't remember, but thebest time to it was yesterday. Well

(22:18):
if not today, well, sowe're doing it. I'm really excited about
it. Yeah, and and Ithink it's going to help a lot of
people. We've got I've got somegreat speakers coming in where you know,
we're gonna talk about lending, we'regoing to talk about title, we're going
to talk about home inspections. SoI'm bringing those professionals in as well as
well as myself some of the team. So it's going to be really good.

(22:40):
And this is coming up on Februarytwenty second, that's right five to
seven pm at the Punta Gorda IslesCivic Association. Experts in the community there
to answer your questions like opening titleand elite inspections. And they're at financial
services, so you got a widecoverage of topics. We've got experts there
to helping in it. You know, everybody's in a different, different place,

(23:02):
so we want to meet them wherethey're at answer the questions they've got.
Obviously, if it takes some moretime, we'll stick around and we'll
be there. But it's gonna beI'm really excited about it, and I
think it's gonna help a lot ofpeople get a plan. Maybe you're not
ready to purchase today exactly, butlet's get a plan, you know,
because I know, I know there'sthings in my life that I have been
like, you know what, I'mgonna do that. Yeah, I'll get

(23:26):
to that. I'll get and thenonce you know, I put it off
and and you know, I'm busyworking, and then next thing, you
know, I'm like, oh,man, I should have started that three
months ago. So let's let's puta plan together for you. You know,
we're gonna do another one. I'llhave a you know, a financial
advisor at another one. Uh,and definitely we're gonna do a seller seminar.
And then of course, you knowI'm excited about an investment seminar,

(23:47):
So I would think so sure,sure, And to me, it occurs
in my mind anyway that this wouldbe a fantastic thing to point a first
time buyer too. If you knowsomebody, somebody in the family keeps talking
about, well, I want tobuy my first home, have them put
this on their schedule. What agreat place to get a good education.
Absolutely, and hey, if you'rethinking of Selah, you're going to be
buying as well, go ahead,you can come to this one because we're

(24:11):
going to be talking about what itis. You know. Also, you
know what buyers are looking for whenthey're going into a home. True,
So all right, for more information, you can always call it the Patterson
Group nine four one six one eightysix hundred the Free Buyers Seminar. That's
coming up on the twenty second ofFebruary. And like everything my team loves
to eat, we're gonna have somestacks. Yeah, so we kind of

(24:34):
focus around that's not on my sheet, look at all the details, pencil
and food. I'm not buying shit, I think I'll be I'm not cooking
steaks. Top. Let's call itPatterson Group for more details nine four one
sixty one eighty six hundred. Staketime out and come right back with more
real estate exposed on NewsRadio WCCF HiStott Matthews, do you have a lucky

(24:59):
number for mystery? This is Beckham. That lucky number, turns out was
three. Quick and fast. That'swhat the Beckhams wanted to do when they
decided to sell their home, andthis is what they said in their review
of the Patterson Group. We hadan amazing experience within just three days of
listing our home, where we receiveda cash offer and successfully closed on it
just three weeks later. You see, the best part of the experience was

(25:19):
the exceptional personal care we received fromthe entire staff. We feel very blessed
to have worked with Shelley and theentire group at the Matthew Patterson office.
I know exactly what they're talking about. Find out what your home is worth
in a matter of seconds by atrue market expert. Go to Matthew Patterson
dot com right now. Call theonly agent I would trust if I needed
to sell a home in the SouthwestFlorida area. Matthew Patterson of the Patterson

(25:41):
Group at Kelner Williams or Give thema call at nine four one six two
one eighty six hundred and start packingbecause you will be moving your home.
Sale is down. When you callMatthew Patterson, go to Matthew Patterson dot
com. I don't mean to getpersonaled. How old is your pool heater?

(26:03):
This is Todd Matthew's on behalf ofHoward's Pool World, And if your
heater is older than twelve years,you might want to consider a replacement.
The newer heaters are much more costefficient and you don't have to worry about
not having a heated pool this winter. Remember Howard's brings the pool heater store
to you and the comfort of yourown home. Give them a call today
at nine four one sixty five sixzero zero seven. That's nine four one
sixty two five six zero zero seven. And remember Howard's didn't invent pool service,

(26:26):
they perfected it. Why ses imRecpcal five three three one OHO.
It's the little things that make abig difference. That's the motto of Oak
and ink Land and Title Company.Picture this a seamless, stress free closing
where their expert team will guide youthrough the closing process from start to finish.
They understand that every home purchase isunique. That's why their personalized service
insures your needs are met with precisionand care. At Oak and Ink Land

(26:49):
and Title, you aren't just acustomer, your family. Call today at
nine four one five zero zero fivefive zero nine or online at Oak and
Ink Title dot com. When youget ready to donate household items and clothing,
or are looking for a great bargain, consider this. Charlotte County's Care
the Center for Abuse and Rape Emergencieshas to reuse stores Inport Charlotte on Kenilworth

(27:14):
Boulevard and in Inglewood on Environmental Way. Both stores are open Tuesday through Saturday
from nine to three thirty. Allproceeds benefit the survivors of domestic violence and
sexual assault. Stop buy and showyou care. You can't buy a best
friend. You can love them,walk them, pet them, and care
for them whether they want you toor not. You can take a picture

(27:40):
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Your whole when you call Matthew Patterson, go to Matthew Patterson dot com.

(28:17):
Welcome back to Real Estate Exposed onNews Radio WCCF, brought to you by
the Patterson Group at Keller Williams PeaceRiver Partners. Let me give you the
phone number again. I'd like todo that several times, because somewhere along
the line I suspect you're gonna hearsomething you're able to follow up on nine
four one six one eighty six hundrednine four one six two one eighty six
hundred, or you can go toMatthew Patterson dot com. In fact,

(28:38):
I recommend that because if you liketo find out where your home is worth
by a real market expert, allyou have to do is type in your
address and you will find out ina matter of seconds. And then if
you'd like a more in depth comparativemarket analysis, well we'll talk about that
a little bit later on as well, because it's an absolutely free service of
the Patterson View. Let's get backto matt Patterson. Some of the conversation

(28:59):
we've been having about buying when toknow if it's the right time to buy
That Free Home Buyers Seminar that's comingup in February. I assume we're going
to be hearing more between now andthey've got almost a month up plus.
Well, we want to get outthere early, so people just playing.
Absolutely. I've tried the whole oneweek planning on things and does work very
well, Doug. I'm guilty ofthat myself, so I know exactly what

(29:22):
you mean. All right, Ireally I want to stress this again because
I thought this was an important pointbecause here's Matthew Patterson who would in his
interest it would love to have everybodybuy or sell at home tomorrow. But
as he put it, if it'sready, if it's the time, time
is right for your family, foryour finances, for your life and lifestyle,

(29:45):
that's what's most important. That's right. And if not, let's help
you plan for that's let's pick thattime exactly, you know, That's that's
what's key is you know, ohI'm a couple of years away. That's
fine, now's the time to startthinking about financing. Yeah, and all
of that kind of thing. Whatdo they say, failing the plans,
playing the foil. It's the truth. And you know, yes, interest

(30:07):
rates are down. That's been definitelya good shot in the arm that we've
needed. Honestly, they should havebeen dropping them earlier. But as we've
said, they always overcorrect and thenthey underdeliver when they start going the other
way. Sure, they wait alittle too long, meaning the government in
my opinion, consumer optimism. Thiswas another one national housing survey. Consumer
optimism about mortgage rates jumped significantly.Well, of course, we're starting to

(30:30):
see some movement. Yeah, youknow, this is something that you know,
obviously we don't have a crystal ball. Something could change, but many,
many, many economists and financial advisorsand lenders are thinking we're going to
see another you know drop or inthe first quarter we could possibly see five

(30:51):
and a half to six. Youknow. Again, once that happened,
you know, somebody wants to,you know, look at it. Everyone
tries to time the perfect bottom andthe perfect peak. It's happens very few
times, very few or successful indoing that even they, and honestly I
think they have some luck. Yeah, that's right. So if you're trying

(31:14):
trying to time that exact bottom thatyou know to purchase, and when I
say bottom, I don't just meanprice, I mean where everything aligns interest
in all of that. Sure,that's it's most of the time it doesn't
work, you know, you youknow, it's a matter of you know,
does everything fit for you and gettingit close. I remember when I
pershoned home in two thousand and eight, you know, obviously recession. It

(31:38):
was in Deep Creek. I toldthis story a long time ago. I
think we paid one sixty it wasonly a year old. It was a
bank. It dropped to one thirtyone thirty five, and and you know
the reality is is you know,it's like, oh man, you know,
someone say, oh, well no, because I wasn't selling it.

(32:01):
You know, we didn't look tosell it, so didn't give it several
years. And when I did sellthat house, it was three fifty five.
Okay, So so you got tolook at the timing, the timing
of how long you know you're goingto own that home, what your future
plans are, and those are questionsthat we can help you. Some have
never thought about rental or having thatadditional income. When you show them the

(32:24):
numbers, they go, oh mygoodness, and that helps leverage that next
house. That's you know, that'show you how you start building wealth.
Sure, you know, a goodfriend of mine Todd Matthews says, you're
sleeping in your own bank before thereis a certain degree you say that of
comfort and security. If you think. I was talking to a good friend

(32:45):
just actually an hour and a halfago, and he's considering, uh,
making a change in housing, andhe's you know, I was looking around.
He's like, man, you know, really to get what I want,
it's going to be ex you know, and you know, I just
you know, things are up abit and I said, yeah, I
said, where are they going tobe? And not to mention the house
you're living in. What are yougoing to get out of that? Which

(33:07):
we are considered you know, youknow he's considering running it. But you
know, it's it's the same storyover and over and over. I waited
to build, you know, neverdream on having to spend you know,
what I had to spend. Andnow I mean it would be twenty five
thirty percent more right. I'm gladI built, right, So but more
importantly, I'm glad my daughter hasbeen there and been enjoying it, you

(33:30):
know. So it's what works foryour family. Well, speaking of building
too, this is something that wetalked about last week. But I think
it's still probably applies. Is ofcourse the builders for a while there,
especially because of the hurricane, they'rejust slammed and you you couldn't even get
an appointment to talk to him.And now they have some easing of their
schedule and can can start building.But what's going to happen when things start

(33:55):
to pick up, Well, weknow what's going to happen. Labor's going
to go. You know, it'sgonna be a labor shortage, it's going
to be all of it, whichthey're still struggling. But but they have
freed up. I mean, youknow, we've been getting quotes for other
people and stuff, and now it'soh, we can have you know,
we can have that done in fourweeks when you know, I'm talking about
a roof that before would have beenwell, we'll get that done the next

(34:16):
nine months. So you know,a lot of those subs and a lot
of those vendors are freeing up.And guess what that means cheaper prices.
Talk a little bit about how ifyou're not comfortable with the interest rates,
which we've already said down to whatthe mid six is generally speaking. Now,

(34:36):
yeah, I mean, look andsome dependent you know if if they're
part of a credit union. Iknow one that got five point eight the
other day, but I don't.I hate putting that out there because that's
not generally what we're seeing. We'reseeing around six to four. You know,
okay, fine, but I'm midsixes. I'm really more comfortable at
five percent. What can I doabout that? Well, I'm more comfortable
at three. Generally speaking, nationally, we see you know, five to

(35:01):
five and a half. It getsto be a hot market. So you're
right on. So to say you'remore comfortable five, Well, here's here's
one option is again, with moreinventory, things out selling as fast,
we can go to those we canwrite in that contract for that seller to

(35:23):
buy down that interest rate. Now, of course you could do it too,
but I'm sure it sounds more attractiveto you if we could get them
to buy down your industry. Sure, So you know, let's say to
one buy down you know you've gotyou know, a max of two years,
and you to refinance that, which, seeing where if we look at
the history and follow it, youknow we're you're going to be more than

(35:46):
like to be able to get thatinterest rate that you want when you refinance
it. Here in just a littlebit of time. So that's definitely worth
considering. Absolutely, And Matt wastalking about pm I before, Oh frustrate.
You know, I don't like Idon't want an anybody to pay money
for something that I feel like isdon't ut out the window. Then you
get nothing for I know. Butif you don't have the twenty percent to

(36:07):
put down, then that's a likelihoodfor you. Well sure, that's not
to say that that's uh, youknow, only two options in there.
There's the possibility of down payment assistance. Isn't there still there Absolutely is,
yes, And again with with havingmore inventory, with where we're at in
the market we are. You know, just as I said you could ask
for concessions to help do a buydown, you can also ask for concessions

(36:28):
to help with that. What Iwould say is, you know, I
don't I'm not saying never do PMI. I just want you to understand what
it is and that they're just chargingit because you know, if you if
you can plan and you have anotherway. Now, if the numbers still
work and it includes the pm MINand it's reasonable, definitely do it.

(36:52):
If I get down payment assistance fromone I think last time I heard there's
like thirteen different options available before.Oh okay, yeah, yep, government
grants and the Florida programs. That'sright. That's a little different than I'm
talking about asking the sellers that contribute, but yees, yeah, there's there's
thirteen different options on down payment assistanceright now, from seventy five hundred to
thirty five thousand. So if Imanaged to get my twenty percent in that

(37:14):
route, do you I mean,it's probably different bank by bank, but
the consider that it is different bankby bank, So that's where we'd want
to put here directly in touch withthat lender. Yeah, yeah, because
there's probably a leender out there thatwill regard that as a genuine down payment
from your back pocket and there yougo. There goes the PMI right,
I love it. And the onlyway to know this stuff is to check

(37:35):
in with those who know Patterson Group, Keller Williams ninety four one six one
eighty six hundred nine four one sixone eighty six hundred. You know,
we ever really talked a lot aboutI'm curious to get your feedback without delving
too deeply into politics, which isa very political year obviously, but that.
I'm wondering if that affects the housingmarket. UH, decisions on buying,
decisions on selling. We're going totake our final time out. We'll

(37:59):
come back with that and Matt's hotlistings of the week coming up on NewsRadio
WCCF. The real estate market's constantlychanging. To get up to date information
about the market, you need totalk with an expert. Matthew Patterson of
the Patterson Group at Keller Williams.What's going on in the market now,
Hey, Clay and Buck, thankyou for asking. I tell you it
is hot in Southwest Florida market rightnow. Of course, with the interest

(38:22):
rates up, that's starting to givesome reprieve to buyers. Inventories come up
a little bit, but still avery strong sellers market. What we're telling
our buyers is to get in therenow, save on that purchase where you
don't have as many competing offers,and we can certainly refinanciate at no cost
for thirty six months to get thatcurrent market price on your home. Get
the high, get the low.You can go to our website and get

(38:42):
it in seconds. We look forwardto helping you with all your real estate
needs. With so much experience.Matthew and his team have seen it all
in this market. You need themto advocate for you. Matthew expertly handles
any challenge, making you more moneyand less time absolutely stress free. Look
him up today, google the PattersonGroup, or just look up Matthew Patterson
dot com, Keller Williams, PeaceRiver Partners. I don't mean to get

(39:05):
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over forty seven years, Help heVeterans are not for profit organization, with
the support of citizens like you,has created manufactured and distributed therapeutic art and
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home, and our active military.Together, Help Heal Veterans and volunteers like
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To volunteer or learn more, visitheel vets dot org. That's heel vets
dot org. Your home sales downwhen you call Matthew Patterson, go Matthew

(41:45):
Patterson dot com. Welcome back toyou Real estate Expose on NewsRadio WCCF.
If you'd like to reach out tothe Patterson about anything you've heard so far
or anything else that comes up,the numbers ninety four one six two,

(42:05):
one eighty six hundred. You canalso go to real estate exposed dot com
and find out a lot more there, or Matthew Patterson dot com, including
getting your home's value in just amatter of seconds. This is uh.
I would go ahead and use theword unfortunately a very political election year.

(42:27):
I know some embrace and even lovepolitics. It's not one of my favorite
subjects, to be honest with you. But nonetheless we have to figure that
into almost anything involving the economy.So how does that affect buying and or
selling? Well, we do.And you know this is obviously a conversation,
you know, I mean all allthe time, right, anything like

(42:47):
this, yeah, is okay?You know what's that gonna do? What
have we seen? You know thatthere's there's really three big things that's you
know that factor into the economic growth, the interest rates, and then the
you know, political uncertainty obviously thegrowth here and this is you know stuff
I have been reading and people aresaying Southwest Florida, they do not look

(43:10):
forward to change it. Okay asfar and when I say change, I
just mean some. A lot oftimes, you know, some will hold
off hoping to get a better deal. You see things, you know,
then do it right after election butthen also it's happened where then depending on
who's getting in there, people say, oh man, this is going to
take off, I better hurry upand by but southwest forward because of the
supply and demand, many think it'sgoing to stay very strong here as far

(43:36):
as you know. And then ontop of that, like I said,
the interest rates and interest rates we'veseen that change which has really helped give
nationally a lot of a lot ofconsumer confidence. And when it comes to
political uncertainty, is is that somethingthat you feel is going to increase the
closer we get to November or wehad a point now where we should maybe
make a decision rather than waiting anotherwhat is it you know, not months,

(44:00):
I would make a decision. Again, it's got to work with your
family, it's got to work withyour timing. To answer that question directly,
that's a tough one, Dodd.You know, it's and you know
with the media and the news andnow chat, GPT and fake I mean,
it's going to be an interesting election, it really is. You know,
you're not gonna who you know whoactually said what? Who? Who's

(44:22):
you know? Is that really themin the picture? I mean, and
I think but I also think alot of consumers are tired of that too,
and they and they look at theactual I would hope so absolutely,
yeah, And who knows what willhappen after the election. Things have become
so contentious and so litigous that youknow, you never know. Yeah,

(44:42):
definitely, and that definitely puts adamper on everything economicy. It does,
it does, and some will pausenow so those will make moves hedging their
bet thinking, hey, things aregoing to take off after So it's good,
you're going to see that. Butwe always see that, and what
do we do. We make itthrough the election and it keeps rolling,
just like you know, uh withCOVID, and then then you know,

(45:04):
everybody said, oh it's going tocrack, and then it took right off
like a rocket. I think thetakeaway of this part of the conversation is
for a workaround for anything that anythingthat eventuality that might come up buying or
selling. The Patterson Group has uniqueideas. There's basically I can't think of
any scenario in your buying or sellingprocess that they haven't encountered before, and

(45:25):
they have some ideas on how tomake it work for you. Call them
for any thoughts on buying or sellingnine four one six eighty six hundred.
And that's important. You really needexperience behind. It's a must, especially
in this market. It is amust. Give them a call. I
see a big stack of home we'vegot. I don't want to encroach on
that. Well, Terry, weneed to get into it because I've got
a lot of new listings. Andthen also we've got a lot that are

(45:49):
under three twenty five. You know, it's a question we mul getting a
lot late, you know, isman? You know, can I get
anything? Everything's getting you know,higher and this, And yes, we've
seen reduction lately. Don't get mewrong. There needed to be you know,
some needed to be they were overpriced. We you know, I
see homes out there, and butso we wanted to bring you a list
under three twenty five. And Ithink that's gonna be exciting for a lot

(46:10):
of people. I had a conversationearlier today with somebody in this very building,
in this very studio who was saying, Gee, the prices are selling
high. This is good news.That's great. We'll be talked about that
in just a moment. So alright, start all right, We're gonna start
at twenty four to fifty Sahara Lane. This is in Northport three four two
eighty six. We've got an openhouse there Saturday, ten am to noon.

(46:32):
Come out and say hi to Rob. Here's what's cool. As we
were talking about concessions all that.This home, it's introduced to the market
of three seventy nine nine. Itcomes with five thousand at closing back to
the buyers, so there's some there'ssome some assistance there. It's twenty twenty
built, three bedroom, two bath, three car garage with a fifteen foot

(46:52):
above grimpool. Those immediate expenses onceyou buy, I don't care how well
you structured the deal in advance.That's going to be a real lea comfortable
cushion. Absolutely three four to fourto one al Court open house this Saturday
one to three again. Stop bysee Rob. He'll be there. Custom
water from home. I cannot tellyou we've you know, we had mentioned

(47:14):
this this home a couple of weeksago. Absolutely gorgeous high end builder locally
had built this home that does anexceptional job. Forty one foot dock with
ten thousand pound boat lift, threebedroom, two bath, three car garage,
just amazing water front on a greatstreet. I love that street as

(47:34):
well, So definitely you want tocheck out this custom home. Uh one
seven five four eight Corkwood Been Trail. This one's in pont Agorda three three
ninety eight two. We've got anopen house there Sunday eleven to one.
Stop out and see Nick on that. Uh it is it's a five bedroom
that's right, five bedroom, threebath. Uh. This is a two

(47:54):
story home introduced to the market atsix hundred and thirty thousand, just built
in twenty twenty one. And wherethis is in Babcock Ranch. Oh okay,
yeah, and Nick knows that.Actually Nick lives in Babcock Ranch.
He knows that community very well.And uh, just a gorgeous home.
And that is not any longer justa community that's on the fringes and is

(48:15):
not near anything. Things have grownup there. There's everything closed byd We
didn't get to it, and butI can tell you it's one of the
three communities that is top in thecountry right now. Oh is that right?
That's one of the three community Wedid tease that earlier, we did,
and if I've got time, I'llget to that. But well,
in parks one Babcock's another one inthe entire country, in the entire country.

(48:37):
That's right, So definitely stop outand see him on Corkwood h four
to three nine nine three Boardwalk Loop. This unit nineteen thirty eight in Ponta
Gorda. Again, this is inBabcock open house there on Saturday from eleven
to one. Again Nick will bethere. A fantastic unit built just build

(48:57):
in twenty twenty three for three hundredand sixty five All right, that's a
condo, you say, yes,sir, okay, yes, sir.
Uh sixteen two fifty two Cashmere Avenuein Port Charlotte. Uh. This is
in the three three nine to fivefour area. Beautiful single family home that
was just built in twenty twenty three. Open house Saturday, come see Christine
from ten to noon. I thinkI said three bedroom, two bath,

(49:21):
uh, two car garage fifteen hundredand thirty three square feet. And wait,
this one also includes a one yearhome warranty. That's comfortable. Well,
it's security, right, absolutely,you don't need those expenses of your
first no, do not? Allright? Six four nine Macedonia Drive,
Pontagorda three three nine five oh twentytwenty three roof built in nineteen ninety three

(49:45):
in Pontagorda Aisles uh and twenty onesixty under your air water broke water water
front sailboat. I kind of combinedthem and uh again, great access concrete
dock. We've got a virtual touron all these homes and this one's introduced
to the market at seven hundred andfifty thousand. Okay, I'm trying to
move quick. You've got a time. Okay, you're you're doing great,

(50:08):
all right. So this home twoset I'm sorry, two five seven o
seven Ace and drive and Pontagorda.Obviously this isn't It is in Deep Creek,
and what a beautiful home. Iused to live right around the corner
from this home, so I sawit be built. Amazing people and like
I said, three veteran, twobath with that three car garage and it

(50:30):
is a stunner pool double lot.Just an amazing couple. I can't say
enough about them. I mean everymorning I'd see him out there tinkering,
and I know we had the yardresotted at one time. I mean,
just always impeccable. So this homeis built in twenty sixteen and you're definitely

(50:50):
gonna want to see it. It'sintroduced to the market of six twenty five.
All right, all right, solet's talk three twenty five and under.
This is great to hear well becuzyou know, first time buyers can
fit into this price category comfortably,absolutely absolutely well more crocket home the second
home that you don't want to puta half a million or six hundred dot
uh huh. It's a great priceTirees. That's right. Yeah. So

(51:14):
this one's turnkey move in ready threebedroom, two back, two car garage
with a den, listed at threetwenty five. It is fifteen hundred and
fifty six square feet and it's onHeaton Terrace in Northport four two four nine
all right, next one four onetwo five Caine Avenue and Port Charlotte.
It's a twenty twenty one built threebedroom, two back two car garage listed

(51:35):
at three hundred and fifteen thousand.Nice. Now we're going to go to
Nature's Way, which is in RotundaWest one oh two Nature's Way Unit twenty
two oh three. This one aswell as furnished three bedroom, two bass
second floor condo with a water viewand just got a new ac in twenty
twenty one. You can be outthere for three hundred and ten thousand.
You gotta love the idea of justbringing a tooth pressure. Yes's well many

(51:58):
you do. Now this was notturnkey. The other one's turnkey. This
one is furnished, meaning all furniture. But I hear you, but yes
to not have to go get thefurniture, by the furniture, wait on
the furniture, and better yet,and you know each you know we'd have
to look at the rental restrictions.But you want to rent it. You
don't have to go do all that. You can rent it and start making
money on Yeah, get your sellsome dollars do or silverware? You're five

(52:22):
oh six twenty fifth Lane, CapeCoral. This one here, three hundred
and five thousand, recently updated,three bedroom, two back to car garage.
No h ooa fees so three threehundred and five thousand. Uh two
eight one Skylark Lane, northwest Port, Charlotte. Uh it is eighteen hundred
and fifty eight square feet, threebedroom, two bath, introduced to the

(52:43):
market at two ninety nine. Ithink that's the lowest we've heard so far.
Oh no, it's coming to myfriend. Okay, we are one
seven to one Lambert Street. Iam in love with this little hard or
I say little, I mean it'seleven unded and thirty five square feet.
It is just the layout. Thiskid's awesome. Twenty twenty two rough hurricane
impact on those we're put in sowell maintained two bedroom, two bath two

(53:04):
forty seven to nine. Oh,I love this house. First time buyers.
If you know somebody who's in toweringYeah, just enough time squeezing one
more quickly, okay, four ohfive, fourteenth place cap Coral twenty twenty
worth twenty twenty eight c three bedroom, two baths was a carport two hundred
seventy thousand, need to move tocreat Corel. There you go, there's
there's the option for you. AndI've got an amazing home for two eighty

(53:27):
five on Goodtoon in Northwark. Allright call nine four one six one eighty
six hundred if you need info onany of those listings or anything else real
estate. The Patterson Group at KellerWilliams. Thank you for listening. Thank
you Matthew Patterson. I'm you doyour show. Thank you Zay and Scott
for engineering the program. We'll seeyou next week with more real estate exposed
on news radio WCCF