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Archive for the 'City News & Events' Category
Will Government Bring Back Homebuyer Tax Credit?
After the National Association of Realtors (NAR) posted a 27% decline in previously owned homes in the month of July 2010 hitting their lowest mark in almost 15 years, the President and the rest of the real estate public are thinking about ways to try and stimulate the real estate market.
We here at the Parkland Parrot Real Estate Team wrote an article back in May entitled: Calling President Obama! Bring Back Real Estate Homebuyer Tax Credit! The government should have continued to offer the first time homebuyer $8,000 tax credit in order to help boost the real estate market instead of letting it expire.
During the tax credit, the real estate market saw a huge surge in sales! Earlier this year, we had over 12 pending contracts alone just from first-time homebuyers purchasing properties in Parkland, Coral Springs, Coconut Creek, and Margate. Inventory was selling, especially short sales and foreclosures. But, once the tax credit came to an end, potential buyers went back on their real estate fences.
Here in Florida, we are approaching an election year for Senate and Governor. All major candidates including Governor Charlie Christ and Kendrick Meek both support reinstating the first-time homebuyer tax credit. I just wish the government would open up the tax credit to ALL potential buyers. If President Obama and the government are truly looking to stimulate the real estate market and shock some life back into potential buyers, NOW is the time! With record low interest rates, even lower now than during the past tax credit periods, buyers would again start gobbling up homes in Parkland and many other South Florida areas causing prices to stop declining and inventory to go down.
This past weekend, HUD Secretary Shaun Donovan said on CNN’s “State of the Union” program, “The July numbers were worse than we expected, worse than the general market expected, and we are concerned. That’s why we are taking additional steps to move forward.”
Come On Mr. President & Congress! It is time to take the necessary steps to seriously stimulate the real estate market for the long haul!
If you are interested in buying or selling real estate in Parkland or South Florida and are looking for experienced 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 followup email.
Related Articles:
Top 5 Reasons To Live In Parkland Florida
7 Essential Real Estate Buyer Tips When Making An Offer
City of Parkland Awarded Top Honors For Kids Fitness
Another great reason to live in Parkland is the fantastic parks and recreational activities residents and their families can enjoy! Today, many children do not get enough physical activity which has caused a growing number of child obesity in the United States.
Fortunately, the City of Parkland has taken giant leaps to combat this growing problem in our local area. As a result, Let’s Go Play! Non-Profit Organization KaBOOM has names Parkland as one of only 118 “Playful City USA” Communities for the third straight year. According to KaBOOM and a study conducted by Harris Interactive, 82% of parents believe children do not receive enough exercise. Also, the National Survey of Children’s Health reports that 1/3 of all U.S. children are overweight or obese. This shocking survey and statistic should cause parents to immediately take action and get their children involved in outdoor fitness activities.
Unfortunately, many parents have forgotten how important it is for children to play outside and stay fit. Playing outside and getting involved with recreational activities also helps provide the youth with social skills needed to succeed in the future. Also, providing children with more time to play will allow them to become healthier and happier and perform better in school.
Below, please find all of the Parkland Parks & Recreational Centers:
- Equestrian Center at Temple Park
- Covered Bridge Park
- Doris Davis Forman Preserve
- Pine Trails Park
- Terramar Park
- Liberty Park
- John Quigley Park
- YMCA Family Center At Pine Trails Park
As we start a new school year, we urge Parkland parents to encourage their children to participate in outdoor recreational activities in their schools and city.
Related Articles:
If you are interested in buying or selling real estate in Parkland or South Florida and are looking for experienced 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 followup email.
Pine Tree Estates Mansion On Holmberg Road Under Contract
After over 5 years on and off the market, the Pine Tree Estates home that many Parkland residents pass on Holmberg Road, west of 441, is finally under contract. This huge, oversized custom dream home sits on 2.5 acres and has a prestigious entry gate with a long pavered driveway The home is under contract at 2,300,000. It features 5 full bedrooms and 4.5 bathrooms. This home has every bell and whistle especially a gourmet kitchen, resort style pool and spa, and prestigious stone columns and balconies. The home was built in 2006 and is 7,404 square feet under air conditioning.
The home has been listed with several real estate companies and is currently a short sale listing. The highest price it was ever listed at was $4,675,000 back in 2007. It has been reduced 51% from it’s highest asking price. Wow! We will keep an eye on this sale and let you know what it eventually sells for. Click here for more information on the Pine Tree Estate community
If you are interested in buying or selling real estate in Parkland or Broward County and are looking for experienced 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 followup email.
The Parkland Parrot Real Estate Team Has Landed In Parklander Magazine
Calling All Parkland & Coral Springs Residents! The Parrot Has Landed In The Parklander Magazine!
The Parkland Parrot Real Estate Team is now a proud advertiser in the local Parklander Magazine. Please read August’s issue and see our colorful ad. Please support all of the local businesses featured in the magazine. We would also like to thank Parklander Account Executive Fern Weissman for all of her help.
It is a great time to buy and sell real estate. If you are interested in buying or selling real estate in Parkland or Broward County and are looking for experienced 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.
Parkland Coyote Ugly Continues
We recently posted a story on our site: Coyotes Spotted In The City of Parkland Florida that received a lot of attention. One concerned reader, Stephanie Lavender, responded to our article how coyotes are “elusive creatures that only kill when hungry and don’t attack unless attacked.”
Lavender is also upset how the media is spreading “unnecessary fear” to the Parkland residents, especially located in Pine Tree Estates and BBB Ranches, which are both located in non-gated acreage communities where the attacks have been recorded.
Obviously, the Parkland Coyote topic is of concern for many residents and the City of Parkland, which is meeting to address this problem, as more and more animal attacks and deaths are being reported.
Below, please click on WSVN7’s video report, Coyotes have [Parkland] animal owners on edge:
We are animal lovers, like Lavender, but want to make sure to keep the Parkland residents and their pets and livestock safe from all predators, including coyotes. We again ask all Parkland residents located in the acreage communities to make sure to keep pets and children, inside after dark.
One of the great features of living in the City of Parkland is coexisting with Mother Nature. But, live stock and pets have been killed by coyotes. As a result, it is up to Parkland residents to be cautious and on the look out for coyotes until this problem is solved.
For more information from the City of Parkland, visit: Parkland Coyotes
If you are interested in buying or selling real estate in Parkland or Broward County and are looking for experienced 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 followup email.
Coyotes Spotted In The City of Parkland Florida
CityofParkland.org reported earlier today that there has been numerous sightings of coyotes in Parkland. Some residents have confused these animals for cougars.
Please be aware that coyotes are wild animals and can be highly dangerous to you and your family. The City of Parkland has notified the Broward County Animal Control in order to address this issue. If you see a coyote on your property, please call the police immediately and make sure your entire family goes inside of your home.
For more information from the City of Parkland, visit: Parkland Coyotes
If you are interested in buying or selling real estate in Parkland or Broward County and are looking for experienced 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 followup email.
Parkland Real Estate Sales Up And South Florida Foreclosures Down
40 Parkland Single Family Sales In May, 2010 While South Florida Real Estate Foreclosure Filings Are Down
The Sun-Sentinel reported yesterday that Foreclosure filings down in Broward, Palm. Have we hit the peak of the foreclosure problem? Is our market showing signs of life?
According to a research report by CondoVultures.com, a South Florida real estate consulting firm, there was a 55% drop in Broward County and a 36% drop in Palm Beach County foreclosure filings.
The Squawk also also reported in our Monthly Parkland Market Update Report that there was a record 40 Parkland home sales in May, 2010 showing a significant increase in sales over the past few months.
RealtyTrac Inc., another foreclosure listing and monitoring company, believes that nationwide foreclosures will remain at high levels but sees foreclosures leveling off in the hardest hit areas around the country, including South Florida.
The reason for the optimism is that banks and lending institutions are starting to get with the program and are implementing better systems to help distressed homeowners through loan modifications and short sales. As a result, less people are walking away from their mortgages and avoiding foreclosures. Read our recent article: Should I Short Sale Or Let My Home Go Into Foreclosure?
Still, other real estate analysts believe the worst is not behind us yet. These skeptics think that that banks have not released all of their foreclosure inventory all at once in order not to flood the market with distressed properties. Banks fear that if more foreclosures are listed on the market, then there will be another major drop in prices causing nationwide panic.
The Parkland Parrot Real Estate Team sees the light at the end of the tunnel. We feel that the nation is not “out of the woods” just yet. But, we are confident that the South Florida real estate market is improving, especially in Parkland. As mortgage interest rates are now below 5% and low home inventory, it is the best time to purchase a real estate property in Parkland or South Florida. Please give your Parkland and South Florida real estate experts a call today at 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 or South Florida, please give us a call at 954-609-0591 or send a note to the squawk.
Should I Short Sale Or Let My Home Go Into Foreclosure?
Short Sale Easy Button – No To Foreclosure! Yes To Short Sale!
Almost every day, I receive this question from potential customers, friends, and even family members. Many people are perplexed with what to exactly do when faced with not being able to pay their current mortgage and housing payments. Have no fear! Banks and the government are FINALLY starting to get their acts to together.
Short sales are on fire in the distressed property market. In the not so distant past, short sales could take 6-12 months or longer to even come to fruition. A short sale is when a homeowner owes more on the mortgage than the property is worth. As a result, the bank agrees to sell the home short of what the borrower owes on the mortgage.
Unfortunately, these potential transactions turned into “long sales,” as the process took countless months of trying to get the bank to agree to the short sale but to no avail. But, banks are starting to organize themselves better by hiring more mortgage professionals to help in their short sale negotiating departments. As a result, short sales account for almost a quarter of all real estate sales in the first quarter of 2010 and will continue to grow.
Specifically, Bank of America, who holds the most residential mortgage loans in the country has recently started using an online program called Equator to process not only their bank foreclosure properties (REO’s), but now their short sale inventory. Short sales now offer the banks an easier solution to getting properties quickly off their books. Also, short sales are becoming a better financial options for banks. When a bank forecloses on a property, it can cost them up to 50% of the home’s worth in fees and carrying costs. Short selling can cost the banks 20%, which is a significant difference!
Under the new Home Affordable Foreclosure Alternatives program rolled out by the government earlier this year, distressed borrowers will now earn a $3,000 “relocation incentive” to help with moving costs. Servicers of loans will also receive $1,500 for handling each short sale.
The goverment program also helps investors that own the mortgage notes with $2,000 in exchange for working with the second-lien holders and sharing the proceeds of the short sales. Finally, the 2nd lien holder will now receive up to $6,000 for releasing their claims and allowing the short sale to take place. This last incentive is truly helping expedite the process, as 2nd lien holders demanded a lot of money from the proceeds and would “kill the deal.”
Many banks are also providing release of debts to distressed homeowners at the closing of the short sales. In a recent Sun-Sentinel article, analysts expect a barrage of lawsuits to recoup the mortgage debt loss from borrowers that walked away from their homes. “Under Florida law, banks have 5 years after they finally foreclose on a home or after the deficiency judgment and up to 20 years to collect. Lenders and banks can make claims on borrower’s assets and even garnish wages.
It is very important to learn the facts from an experienced real estate professional and real estate attorney. Know your rights! Your bank has an attorney, and so should you! Short selling your property also allows you to clean up your credit faster and actually enable you to purchase a new home in as little as a few years instead of 7 years or more if you had a foreclosure on your record.
Please give your South Florida short sale experts a call today at 954-609-0591. Our team is here to help answer any and all of your questions and concerns and to discuss all of your options.
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 or South Florida, please give us a call at 954-609-0591 or send a note to the squawk.
Parkland Residents Enjoy Monthly Concert Series
The City of Parkland spoils its residents with many events and get-togethers. One of the most popular events during the year is Parkland’s Monthly Concert Series
This past Saturday evening from 7:00 p.m. to 8:30 p.m., a Rod Stewart Tribute Band rocked the crowd of over 300 people at Pine Trails Park Amphitheater. The band played many hits, which the audience enjoyed!
Residents can also be entertained by some the best local and regional performers in Florida at the Concerts in the Park each month during the year. Past performers were Grammy award-winning artist Christopher Cross and many tribute bands of popular music groups.
The Parkland Concerts in the Park is a family event, where residents bring lawn chairs and blankets, as they are serenaded by rock, country, jazz, and Caribbean bands! Parkland children also enjoy the park facilities, while parents enjoy the concerts. To learn more, please visit: Parkland Concert Series. The City of Parkland is dedicated to providing many events throughout the entire year making Parkland one of best places to live and raise families.
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.
Summer Is Almost Here, Enroll Your Children In Parkland Summer Camp
Calling All Parkland Parents! Summer Is Almost Here, So Book Your Child In Parkland Summer Camp Now!
Looking for a great way for your kids to have fun for the Summer? Look no further than your backyard run by the City of Parkland. Parkland Kids Camp is a summer recreational program for children ages 5-11 (Kindergarten through 6th Grade). The Parkland City programs are located at Westglades Middle School and Heron Heights Elementary School.
Your child will be placed in a group of no more than 25 campers with three supervising counselors. The ratio of camper to counselor is 8 to 1. Campers must be at least five years old by June 21, 2010 to enroll in the program. Camp hours run from 8:30 a.m. to 4:00 p.m. with extended hours available until 5:00 p.m. To learn more about the program, please click: Parkland Kids Camp for complete details, fees, and for an informational packet.
The City of Parkland is a great place to raise a family with its plethora of pars and recreational activities for Parkland residents. Parkland Kids Camp is another exciting opportunity forParkland residents to send their children to a convenient and fun Summer program right in their backyards.
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.
Michael Citron / Rosy Baron
Parkland Specialists
RE/MAX ParkCreek
Direct:954-609-0591
Office:954-449-9704
Email:Link
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