Parkland Parrot

Archive for February, 2010

I Cannot Sell My Home Because Of Personal Attachment

Sellers’ Personal Attachment When Negotiating With Buyers

When a home seller decides to list his/her home on the market, they practically open their doors to any and all potential buyers.  Homes become our private sanctuaries, and most people like their privacy!  Also, many family memories are shared in homes during the years of ownership.  We become personally attached to our homes as they are apart of our lives.

But, when listing your home on the market, sellers must separate their personal relationship to their homes and start thinking that selling their homes is a business decision, NOT a personal one!

One of our sellers cannot seem to separate his personal attachment to his property when negotiating multiple buyer offers on his property.  We understand the many memories and personal feelings that his family has regarding why they truly believe that their home is special.

Unfortunately, current buyers do not put the same dollar amount on personal attachment, as they are merely looking at the numbers and the features and benefits of the home.  With so many online tools available to potential buyers, sellers truly need to cut the umbilical cord!

Sellers also say that they need a certain amount of money to net from the sale of the home for moving and living expenses.  Again, buyers are not going to pay more than fair market value!  Do buyers care how much money the sellers need?  No!  Buyers have to worry about their own financial expenses.  Isn’t it still a buyer’s market?

To stay updated with all of the current Parkland real estate home information, receive our blog posts directly to your inbox by subscribing to the squawk.

If you are interested in buying or selling a real estate property in Parkland, please give us a call at 954-609-0591 or send a note to the squawk.

Should Homebuyer Tax Credit Be Extended Yet Again?

Word on the streets is that the National Association of Realtors (NAR) is again lobbying lawmakers to extend the $8,000 first time home buyer tax credit until the end of 2010.

But, Senator Johnny Isakson, former real estate agent and last year’s advocate for the 2nd extension, is not on board.  Last November, Linda Goold, NAR’s director of tax policy practically told the public and Realtors that the second tax credit extension would be the last one.

Can the government afford to extend the tax credit for a third term?  Where are we getting all of this money since are deficit is at a record high level?

If the government extends the tax credit for a third time, it will help the real estate market.  But, when the credit was extended in November, many buyers went “back on the fence” knowing that they had more time to purchase and still receive the $8,000 tax credit.  Sales in November to February have been slow as buyers have more time to wait.

If the government announces that there will be no further extension, then there will be a strong urgency for potential buyers to purchase properties by the March 31st deadline!  Please read my article on the tax credit guidelines by clicking:  FHA Mortgage Guidelines Will Tighten In The Spring

As FHA mortgage guidelines tighten in the Spring and Summer of 2010, the tax credit extension could certainly help the market for the long run!  We here at the Parkland Parrot will keep you posted as soon as new information is supplied to the real estate community.

To stay updated with all of the current Parkland real estate home information, receive our blog posts directly to your inbox by subscribing to the squawk.

If you are interested in buying or selling a real estate property in Parkland, please give us a call at 954-609-0591 or send a note to the squawk.

Is South Florida Real Estate A Good Investment?

Is buying a home a good investment?  Should I instead put my money in the stock market that seems to be rebounding?  These are all questions that potential buyers are pondering as they sit on the real estate fence concerned if their real estate investment could be a profitable investment.

I recently read an article by MSN Money.com that studied the period from the beginning of 2000 to the end of 2010 of the stock market versus the real estate market.  Above, please see their chart proving that real estate is the best long term investment.

If you would have invested $100,000 of your hard earned money in the Dow in 2000, you would have lost $5,000 and now be left with $95,000.  Think that is upsetting, then take a look at the S&P 500.  If you would have invested that same $100,000 in the S&P 500 in 2000, you would have taken a $20,000 loss and be left with only $80,000.  Worst of the bunch would have been the NASDAQ.  Invest your $100,000 inheritance in technology stocks, and you would have lost 40% of your money and only have $60,000 left to show for.

But despite all of the media buzz of the crash in the national real estate market in the past five years, if you would have taken the $100,000 and invested in the real estate property in January of 2000, you would have made $50,000 by the end of 2009 and have $150,000 in your pocket.

Of course, real estate is not like the stock market!  If you are looking for a quick return on your investment, then real estate is not for you.  But, if you are looking for a long-term investment with excellent returns, real estate is and always will be the best return on your investment for you and your family.

To stay updated with all of the current Parkland real estate home information, receive our blog posts directly to your inbox by subscribing to the squawk.

If you are interested in buying or selling a real estate property in Parkland, please give us a call at 954-609-0591 or send a note to the squawk.

What Parkland Home Can I Buy For Around $500,000?

Many of our clients and subscribers to our website are asking how far their money can go for a Parkland home.  As a result, below, you will find five active properties that are priced around the $500,000 mark.

Heron Bay: The Glen
8076 NW 111th Terrace
5 Beds / 3 Baths
2,878 Square Feet

Amazing 5 Br/3Bth/2Cg Pool & Spa Lakefront Home In The Heart Of Heron Bay On Corner Cul-De-Sac Lot. Upgrades Included Fully Udated Kitchen With Stainless Steel Appliances, Granite Countertops & Upgraded Cabinets.  Triple-Split Floor Plan.
Click Here For More Information On This Listing

The Landings At Parkland
6010 NW 99TH AV
4 Beds / 3 Baths
2,709 Square Feet

Breathtaking Lake Views, Home In Excellent Condition! Brand New S-Tile Roof, Newer A/C Unit, Newer Appliances, Accordion Hurricane Shutters, Master Bed Features 3 Walk-In Closets, Diamonbrited Pool.
Click Here For More Information On This Listing

Heron Bay The Reserve
11522 NW 75TH Manor
5 Beds / 3 Baths
2,720 Square Feet

Totally Turn Key, Impeccable 1 Story home on An Oversized Cul-De-Sac-Lot With Plenty Of Room For A Pool, Upgraded Kitchen With 42′ Cabinets, Granite Countertops, Hurricane Shutters, Crown Molding, Lush Landscaping.
Click Here For More Information On This Listing

Parkland Isles
6372 NW 108th Terrace
5 Beds / 3 Baths
2,671 Square Feet
Pool & Lake

Magnificent Lakefront Home With 125′ Of Lake Front Footage. Grand Foyer Entrance With 12′ ceilings, Upgraded Kitchen With 42′ Cabinets, Crown Molding, Granite Counters, 18′ Stone Tile Throughout Living Area, Screened In Patio, Heated Pool & Spa.
Click Here For More Information On This Listing

If you are interested in viewing any of these homes or any other Parkland homes for sales, please give us a call at 954-609-0591 or email us at Michael@ParklandParrot.com. Please click here to view all of the available Parkland homes on the market.

To stay updated with all of the current Parkland real estate home information, receive our blog posts directly to your inbox by subscribing to the squawk.

If you are interested in buying or selling a real estate property in Parkland, please give us a call at 954-609-0591 or send a note to the squawk.

Realtors Do Not Just Sell Real Estate

In today’s economic uncertainty where the public is dealing with failed businesses, health issues, and job losses, it can be more difficult to operate as a real estate professional.  When you think of a real estate agent, you may think that we just help people buy and sell properties.  But, the real estate profession has also gone through dramatic changes over the past few years.  There is much more that goes into being a real estate professional than just helping people buy and sell.

In the current real estate market, many of our clients are experiencing hardship such as a divorce, death in the family, or recent job loss.  As a real estate consultant, we have to be patient and help our clients throughout the entire process.  Many times we have to put on our psychology hats and really listen to our clients current situation and help them make the best life decision, which may not only be a real estate issue.

When clients do not return phone calls or sometimes do not value our time, we now take a step back and remember that their actions may not have anything to do with real estate.  There are many personal issues that seem to arise during the process of buying or selling that may result in our clients becoming frustrated or emotional.  As real estate consultants, we do not always know what is going on behind closed doors.

As a result, we must not take it personally and only think about ME.  Instead, our team takes a different approach that involves a WE relationship with our clients.  We understand that buying or selling a home is a team effort no matter how you look at it.  We must have a very personable relationship with our clients and be accessible throughout the entire process in order for our clients to feel as comfortable as humanly possible.

To stay updated with all of the current Parkland real estate home information, receive our blog posts directly to your inbox by subscribing to the squawk.

If you are interested in buying or selling a real estate property in Parkland, please give us a call at 954-609-0591 or send a note to the squawk.