Parkland Parrot

Archive for February, 2011

Did You Buy A Home In Parkland Florida Last Year?

File For 2011 Homestead Exemption By March 1, 2011

Calling All 2010 Home Buyers!  You must file by March 1, 2011 for your 2011 homestead exemption.  In order to qualify for Florida Homestead Exemption, you must have met the filing criteria:

• Be a U.S. citizen or legal resident
• Own a residential property and have title to the property
• Must occupy the property as a permanent and primary residence as of January 1, 2011
• Only persons listed on the exemption application will receive the homestead benefits
• Cannot have a homestead or other residency-based exemption in any other county, state or country. Florida Statutes allow only one Homestead per “family unit”
• If home is owned jointly by a husband and wife, either party may apply in-person for the homestead benefits

Failure to file your homestead exemption on your primary residence could cost you thousands of dollars in savings this year!  If you do not wish to apply in-person, you can go online by visiting: Broward County Homestead Exemption

We know the numbers, we analyze the market, our clients, and family, make better decisions. If you are interested in buying or selling a home in Parkland or South Florida and are looking for experienced local Realtors, please do not hesitate to contact the Squawk at 954-609-0591 or send us a message here.

To stay updated with all Parkland real estate information, receive our blog posts via email by subscribing here. After registering, you must activate the subscription in a follow-up email.

All In The Family – Helping My Relatives Buy A Parkland Home

Promoting Parkland Real Estate To Family

Our philosophy as local Realtors here in Parkland, Florida is to always to meet and exceed our clients’ expectations.  We always try to guide our clients down the right path when either buying or selling.  We like to put ourselves in the shoes of each and every client during the process.  As a result, we can sleep well every night knowing that we have our clients’ best interests in mind.

Now, I can actually put myself directly in my clients’ shoes.  I have sold many homes in Parkland to friends.  But, it is truly a special opportunity to use my expertise when helping my brother and sister-in-law purchase in the City of Parkland.

I truly enjoy my profession.  There is no better feeling than negotiating the best deal for clients and seeing their faces when I tell them that they can now move into their dream home.  I feel like I played a pivotal role in my clients’ lives, especially when I know that their young family will grow up and share many memories in that home.

I have helped my brother and sister-in-law sell their last home.  But, I know that their next purchase will be their dream home, where my niece and nephew will grow up and mature.  It brings back great memories that my brother and I shared together when we were younger and just moved into my parent’s dream home.  I am sure that my niece and nephew will enjoy their Parkland home like we did growing up.

We have submitted a formal offer to purchase a home.  I am just as excited as my family to hopefully put this deal together for them.  Wish us luck!

Related Post:
Is Now The Best Time To Purchase A Home In Parkland Florida?

Click Here To Search For Your Parkland Dream Home

We know the numbers, we analyze the market, our clients, and family, make better decisions. If you are interested in buying or selling a home in Parkland or South Florida and are looking for experienced local Realtors, please do not hesitate to contact the Squawk at 954-609-0591 or send us a message here.

To stay updated with all Parkland real estate information, receive our blog posts via email by subscribing here. After registering, you must activate the subscription in a follow-up email.

Is Now The Best Time To Purchase A Home In Parkland Florida?

The Cost of Waiting for Parkland Home Prices to Fall

Many of our current clients are asking us when will be the best time to purchase a new Parkland home.  Many buyers are still sitting on the fence waiting for home prices to hit bottom.  Buyers want to have some assurance that they are purchasing at the best possible price.  The Parkland Parrot Real Estate Team agrees that home prices will continue to fall in 2011.  But, we disagree that waiting for prices to hit rock bottom is the best financial decision for buyers sitting on the sidelines.

It is imperative that any home buyer first speak with a mortgage professional.  Buyers should be more concerned about cost than housing prices.  Remember, you are not just buying a property, but paying a monthly mortgage payment.  As a result, cost needs to be on all buyers top list of concerns!  Your mortgage professional will tell you that the cost of a house is based not only on the price of the home, but on the current interest rates.

PRICES:

According to the National Association of Realtors (NAR), home sales increased by 15.4% in the 4th quarter of 2010 over the 3rd quarter of 2010.  NAR also highlighted in their research report that prices remained stable during 2010.

On-the-fence buyers probably feel good that they delayed their home purchase in 2010, as home prices certainly did not increase.  But, recent news shows that monthly payments have increased and will continue to increase in the coming months.

INTEREST RATES:

Freddie Mac recently released its Primary Mortgage Survey showing that current interest rates on 30 year mortgages was at 5.05%.   Vice president and chief economist for Freddie Mac, Frank Nothaft, stated, “Long-term bond yields jumped on positive economic data reports, which placed upward pressure on mortgage rates this week…As a result, interest rates on a 30-year fixed-rate mortgage rose to the highest level since the last week in April 2010.”

As a result, interest rates have increased dramatically over the past 90 days and will continue to steadily increase this year.  What does this mean for potential Parkland home buyers looking to pull the trigger on a purchase in 2011?

Let’s look at the chart below for emphasis:

By not purchasing a home in the last 90 days, a purchaser lost:

• $179.00 Per Month
• $2,147.00 Per Year
• $64,000.00 Over a 30-year mortgage term

BOTTOM LINE

Even if prices fall another 10% by the end of 2011, your monthly mortgage payment will increase if interest rates increase by more than 1% this year.  We are telling our clients not to worry as much as to where prices may go and instead be more concerned where mortgage interest rates will climb to later this year.  You do the math!

We know the numbers, we analyze the market, our clients make better decisions. If you are interested in buying or selling a home in Parkland or South Florida and are looking for experienced local Realtors, please do not hesitate to contact the Squawk at 954-609-0591 or send us a message here.

To stay updated with all Parkland real estate information, receive our blog posts via email by subscribing here. After registering, you must activate the subscription in a follow-up email.

Our New Pine Tree Estates Approved Short Sale Listing

6879 NW 65TH TER, PARKLAND, FL 33067

The Parkland Parrot Real Estate Team just took a brand new listing in North Pine Tree Estates.  We already have a bank approval from Bank of America for $510,000.  If you have been following this home, it has been on the market for over 2 years.  But, now the bank is on board and is ready to accept offers.

For more information and pictures, please visit the listing page at:
Pine Tree Estate Short Sale Listing

Features Include:

• Bank Approved Short Sale At $510,000 Which Is A Steal Of A Deal
• 5 Full Bedrooms, 4 Full Bathrooms
• Pool
• Courtyard Style Home
• 2-Story Home
• Marble Flooring Throughout
• Tri-Split Floor Plan
• Long Circular Driveway
• 3-Car Garage
• Granite Countertops
• Stainless Steel Appliances
• Exclusive Private 65th North Pine Tree Street

For more information and pictures, please visit:
Pine Tree Estate Short Sale Listing

Amazing Resident Turnout At Parkland Polynesian Festival

Parkland Parrot Real Estate Team Sponsors Polynesian Festival At Pine Trails Park

Hundreds of Parkland residents and their families attended the annual Polynesian Festival at Pine Trails Park Amphitheater this past Saturday evening.  There was something for the entire family to enjoy at the festival.  Our Parkland Real Estate Team is a sponsor and gave away free non-alcoholic Hawaiian ices to all attendees.

There was also arts and crafts for the kids, and Polynesian Proud Productions performed native Hawaiian music and an exciting fire show that left the audience in awe.  At the end of the show, the Polynesian entertainers had all of the Parkland children come on stage to learn a special Hawaiian dance.

We would like to thank the City of Parkland including Colleen O’Dea and Scott Davidoff for the efforts in making this a memorable event.  Our team had so much fun and enjoyed meeting so many Parkland residents.  We also want to thank Polynesian Productions for putting on an amazing show.  For more information on catching Polynesian Proud Productions at their next event or hiring them to host your party, please click here

We enjoy being involved with the City of Parkland and sponsoring all of the city events during the year.  The Polynesian Festival, as well as other Concerts In The Park Events are just one reason that makes Parkland Florida a special place to call home and raise a family.

We also know the numbers, we analyze the market, our clients make better decisions.  If you, or someone that you know, is interested in buying or selling Parkland real estate and looking for experienced local Realtors, please do not hesitate to contact us at 954-609-0591 or send us a message here.

To stay updated with all Parkland real estate information, receive our blog posts via email by subscribing here. After registering, you must activate the subscription in a followup email.

Related Posts:
What Is The Parkland Florida Lifestyle?
Parkland Real Estate Sponsors Concerts In The Park
Parkland Parrot Real Estate Team Sponsors Parkland Play Day