Parkland Parrot

Archive for April, 2010

7 Essential Real Estate Buyer Tips When Making An Offer

7 Essential Parkland and South Florida Real Estate Buyer Tips When Making An Offer

You FINALLY found the perfect property after looking at what seems to be a plethora of homes from foreclosures, short sales, and regular sales! Your wife is in love with the kitchen and the neighborhood. Your head is now spinning!  What now?  The day has FINALLY come!  What is standing in between you and your families dream home?  Have no fear! Read the 7 essential Parkland and South Florida real estate tips when making an offer on a home:

The Offer:

After finding the perfect home that matches your family’s purchasing criteria, it is now time to put together an offer for the seller.  Here are 7 tips when putting together an offer that will put your best foot forward and have the seller consider your offer:

1. Submit all formal offers in writing and have your agent type the offer, so it looks very professional and can easily be read by all parties.
2. Write a letter introducing yourself to the sellers.  Let them know why you submitted your offer on their home and describe how your family will enjoy the features and benefits.  Also, make sure to discuss your mortgage qualifications showing how qualified you are as a buyer.  As a result of writing this letter, the sellers will consider you as a serious buyer.  Most sellers are personally attached to their homes and will feel more comfortable negotiating and turning the keys over to buyers that will show the same pride of ownership.
3. Provide a copy of your mortgage pre-approval letter.  Make sure that you submit all of your necessary paperwork to your lender, so you are 100% qualified.  Have your lender also provide your mortgage qualifications for the particular property that you are submitting your offer on.  Again, this will show the sellers how serious you are in buying their particular home.
4. Write as strong of an escrow deposit as you can.  The sellers will again know you are serious, if you have already written a strong escrow deposit check to hold the property.  Again, you are positioning yourself as a serious buyer.
5. Put in writing that you will quickly do your home inspection.  I suggest 5-7 days.  Again, you want to know as soon as possible that your new home is in good condition and not waste your’ time.
6. Include recent sales when submitting your offer. This extra ammunition can help the sellers see the comparable sales from the buyers’ prospective than just their real estate agents.
7. Make a strong offer.  I advise our clients not to low ball sellers.  As a result, it will only makes the sellers not want to work with you, and your offer will not be taken seriously.

The Result:

If you apply these 7 strategies, you will be much closer to owning your dream home.  Presentation is everything when making a formal offer to purchase a real estate property in Parkland and South Florida.  Good luck from the Parkland Parrot Real Estate Team here at RE/MAX!

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 and need to speak with a Parkland Realtor or South Florida Realtor, please give us a call at 954-609-0591 or send a note to the squawk.

Parkland Real Estate Home Market Update March 2010

Calling all Parkland and South Florida Buyers! Parkland Real Estate Is On Fire!  35 Single Family Sales In The Month Of March.

There were 35 total single family sales for the month of March, 2010 ranging in price from $50,000 to $1,380,000.  2 of the closed sales for the amount of $148,000 and $50,000 were homes that had significant fire damage and will need to be rebuilt.

Great news is that Parkland had 16 more total single family home sales in March than in February of this year. We have increased our sales momentum, which is good for our overall market.  Let’s hope that this boost in sales continues in the coming months!

It is truly a great time to buy and sell real estate in Parkland.

We Know The Value Of Your Home. Do You?  Please give us a call at 954-609-0591 for a free comparative market analysis.  Let our FULL service, AGGRESSIVE marketing plan work for you!

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 and need to speak with a Parkland Realtor or South Florida Realtor, please give us a call at 954-609-0591 or send a note to the squawk.

Parkland Parrot Real Estate Team Sponsors City Of Parkland Egg Hunt

The Parkland Parrot Real Estate Team would like to thank the City of Parkland for allowing us to sponsor the Annual Egg Hunt event last weekend at Terramar Park.  It was very enjoyable for us to see all of the families that came out to this popular city event.  We hired Bobby The Balloon Maker, which was a huge hit with the children and parents.  Some people even waited over an hour to get balloons designed by Bobby.

Families also enjoyed the egg hunt, where there were over 20,000 eggs given to eager Parkland children.  The Parkland Bunny also made a guest appearance and took pictures with all of the families! The children also enjoyed three bounce houses, a petting zoo, and cookies and other refreshments.

The Parkland Parrot Real Estate Team raffled off 4 baskets.  Congratulations to the following Parkland children that won:

• Justin Ruf
• Ava Toner
• Dominick Vieira
• Anthony Barychko

We would like to again thank the City of Parkland and specifically Colleen O’Dea.  We look forward to sponsoring more upcoming Parkland city events and continuing our support and involvement in the Parkland 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 and need to speak with a Parkland Realtor or South Florida Realtor, please give us a call at 954-609-0591 or send a note to the squawk.

Parkland Pine Tree Estates New Listing At 7220 NW 62nd Terrace

Our New Parkland Listing At: 7220 NW 62nd Terrace, Parkland, FL 33067

We just listed another gorgeous Parkland North Pine Tree Estates home.  This 5 bedroom/3.5 bath pool home on 62th Terrace is priced at $964,900.

The home is located on an oversized 1.09 acre lot and is fully updated.  The lush landscaping and stunning tumble pavered driveway leads to a true dream home. The home also has an amazing backyard with an Olympic size pool.

Home Features Include:

• 4,300 Square Feet Under A/C
• Professionally Staged & Decorated
• Custom Chandeliers
• Faux Painting With Crown Molding Throughout The House
• Knock Down Walls And Ceilings
• Tri-Split Floor Plan
• Master Bedroom With 20 Foot Volume Ceilings & Sitting Area
• Tray Ceilings
• Marble Floors In Master Bathroom
• Separate Jacuzzi Tub And Custom Shower
• Double Walk-In Closets
• Surround Sound System Inside and Outside
• Coral Wood-Burning Fireplace
• Kitchen With New Cherry Wood Cabinets
• Granite Countertops & New Appliances
• Thermadore Cooking Island
• Double Oven & Built In Microwave
• Huge Walk-in Pantry
• Custom Yacht Fabric Breakfast Nook With Additional Storage
• Custom Window Treatments and Hunter Douglas Blinds
• Pela Windows
• Skylights Throughout The House
• Each Bedroom With Attached Bathroom
• Second And Third Bathrooms With Saturnia Marble Floors And Custom Vanities
• Diagonal Porcelain Tile and Berber Carpet In Bedrooms
• Walk-In Closets In Every Room With Custom Built-In
• High Efficiency Washer And Dryer
• 3 Zoned A/C Units
• Additional Refrigerator In Garage
• Screened-In Patio With Pavers
• Patio With Surround Sound & Hook-Up For Stereo System
• Hurricane Shutters
• Custom Oversized Pool With Fountain & Diving Board
• Lush Landscaping
• Canal & Preserve View
• Fully Fenced Backyard
• Privacy Wall For Master Bathroom
• 3 Car Garage
• Long Circular Driveway With Pavers
• 4 Cameras Security System & Equipment Included In Sale (With Hook-up For Up To 4 Additional Cameras)

Please Click Here to view more pictures and complete details.  If you are looking to schedule a private showing of this property, please contact 954-609-0591.

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.

The Effect Of Increased Mortgage Rates On Parkland Real Estate?

What will the effect of the expected increase in mortgage rates have on the Parkland and South Florida real estate market?

The FED has recently announced that they will no longer be buying Mortgage Backed Securities. Since October of 2008, mortgage rates on 30 year mortgages have decreased by up to 2%, as the FED was buying up these securities. Unfortunately, most experts agree that mortgage rates will start increasing in the coming months.  But, the question is by how much will interest rates increase?

Financial experts at Morgan Stanely strongly believe that rates will go up to approximately 7%, which ironically was the rate before the FED started buying the mortgage backed securities in 2008.  Other experts feel that interest rates will still remain low throughout 2010.

Today, Parkland and South Florida buyers must take into consideration the negative effect on their monthly mortgage payments and housing costs as opposed to home prices.  Below, please find a graph which accurately displays how even if prices do continue to fall, the increase in mortgage rates could significantly increase the cost for a potential homebuyer!

Buyers should be more concerned about their bottom line monthly mortgage payments for 30 year or 15 year mortgages. Many potential buyers get caught up on the price of homes, but in reality, they should be more concerned with how much their monthly housing payments will be during the terms of the mortgage.

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 and need to speak with a Parkland Realtor or South Florida Realtor, please give us a call at 954-609-0591 or send a note to the squawk.