Parkland Parrot

Archive for the 'Selling' Category

Is Your Parkland Home Not Selling And Expiring?

Parkland Homeowner – Is Your Home About To Expire?

When you list your Parkland or South Florida home for sale, there is an expiration or termination date on the contract.  When a home goes “expired,” it is not longer for sale on the MLS.  At the end of June and into July, there will be an historical amount of homes that become expired, as the overall housing market continues to stabilize.  As a result, you are free to extend the listing agreement with your current Realtor,choose another real estate agent, or take your home off the market entirely.

Extend Your Listing With Your Current Agent

Now that your listing has expired and not sold, it is time to seriously evaluate the job of your current real estate professional. Understand that over 50% of all listings end up expiring with the first real estate agent.  In fact, from January 2011 to present, there has been 88 Parkland single family homes that have not sold and expired on the market.  Also, there has been a total of 187 homes that have sold and closed so far this year.  As a result, it is imperative for you to interview another agent if you are serious about selling your home.  Even if you remain with your current agent, you will receive more insight and a different perspective in order to better educate yourself during the listing process.  If you had to get surgery, wouldn’t you get a second opinion?

Choose A New Listing Agent

It is important to evaluate the performance of your current listing agent.  Did you allow him/her ample time to market and sell your home?  If so, it is time to seek the advise and feedback from another expert in the field.  Did you receive feedback from the buyers that saw your home during the listing period?  Please contact us, so we can provide you with a list of questions to ask when interviewing the right agent for the job of selling your home.  Your home is one of your largest financial assets.  Please make sure that you interview a true local Parkland expert that has a success selling homes in your area.

Take Your Home ‘Off-the-Market’

Remember, don’t jump to conclusions!  You must be disappointed that your home did not sell quickly and for top dollar.  Before making a rash decision of taking your home off the market for sale, think about the reasons you wanted to sell in the first place.  Are you an empty-nester and have the kids moved out of your home?  Are you looking to downsize or even up-size to a bigger home?  Whatever the reason may be to sell, don’t let the slow housing market affect your decision of moving on to the next chapter for you and your family and accomplishing your goals and dreams. There are exceptional real estate professionals that have sold many homes in your area and are just waiting for the opportunity to show you their skills.

You do not have to look far, as our team would love the opportunity of showing you our custom marketing plan and comparative market analysis to sell your home this time around.  Please visit Our Client Testimonials page and see what your neighbors are saying about our team. Please contact us for a complimentary comparative market analysis and customized marketing plan.  Let our FULL service, aggressive marketing plan work for YOU! Know the neighborhood.  Know the value.  Know your hometown agents:  The Parkland Parrot Real Estate Team.

Parkland Real Estate Team Sells Another Pine Tree Estates Home

Parkland Pine Tree Estates Real Estate Home Sold

Parkland Parrot Real Estate Team just sold another Pine Tree Estates home for top market dollar.  This exclusive custom built Key West style pool home had been completely remodeled & enhanced in 2005 and offers  5 full bedrooms plus office with 4.5 bathrooms.

Sold Price: $755,000
3,819 Square Feet Under A/C
$198.00 Per Square Foot

Click Here For Full Details, Pictures & Google Maps Of This Property

This home also has a private gatehouse with secluded walled courtyard.  The entire home has hurricane proof doors and windows along with an open kitchen with coffered ceiling and granite countertops, pantry and more. There is a separate large master suite in the main house with outside patio entrance & full master bathroom.

This home also boasts a separate guest house next to the garage with separate entrance that features a wet bar and full bathroom.  One of the garages has been completely converted into a large home office under air conditioning.

Click Here For Full Details, Pictures & Google Maps Of This Property

Our team specializes in selling home in Parkland Florida.  If you are thinking about selling your home or know a friend or neighbor looking to make a move, please contact us for a complimentary comparative market analysis and customized marketing plan.  Let our FULL service, aggressive marketing plan work for YOU!

Know the neighborhood.  Know the value.  Know your hometown agents:  The Parkland Parrot Real Estate Team.  If you are interested in buying or selling 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.

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Ironic But It Is The Best Time To Sell Or Buy A Parkland Real Estate Home

Calling All Parkland Home Buyers and Home Sellers – NOW Is The Time To Make A Move!

It has become a daily question from potential clients as to when is really the best time to sell or buy real estate.  We certainly do not have a crystal ball, or I would not be selling real estate.  Instead, I would sipping on a margarita on a tropical beach somewhere in the Caribbean.  But, we do go by numbers and realistic market expectations.

The Sun-Sentinel reported earlier today that, “Sales of existing homes in Broward County hit 1,142, up 6 percent from a year ago. It was the third consecutive month that the [Broward County] eclipsed 1,100 sales.”  Buyers are taking advantage of both record low mortgage interest rates and low price points.  But, we are telling are clients that mortgage interest rates will increase in the coming months and into next year making now the best time to pull the trigger on a home purchase.

Sellers also need to be aware that now is the right time to put their homes on the market for sale.  Unfortunately, with good news also comes bad news.  The same Sentinel article also announced that homes prices have continued to decline. Broward County’s median’s price was $188,500, which is down 17 percent from a year ago.  Also, most experts concur that prices will decline, but not as drastically as they have in the past years.  As a result, sellers can put more money in their pockets if they sell NOW instead of waiting!  Time is of the essence.  But, banks and lending institutions are seeing the same statistics of less available homes for sale and will soon start putting their bank foreclosure inventory on the market.

Buyers also need to be aware that even though home prices are expected to decrease, overall monthly home costs will certainly increase as well.  Mortgage interest rates, along with property insurance, are on the rise making it harder in the future for buyers to qualify to purchase new homes.

Bottom Line: No matter if you are looking to buy or sell real estate in Parkland or South Florida, NOW is the time to make a move!  Even better, if you are looking to sell and then buy, you are in the driver’s seat!

Know the neighborhood.  Know the value.  Know your hometown agents:  The Parkland Parrot Real Estate Team.  If you are interested in buying or selling 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.

Parkland Isles Red Hot Real Estate Market From 2010 To 2011

Parkland Isles Florida Home Sales On Fire

We thought it would be great insight to display some detailed statistics on some of the most popular selling Parkland, Florida communities.  Our team represented 3 buyers that ended up purchasing in Parkland Isles in 2011 so far this year.  We are also currently working with 2 buyers that are patiently awaiting the right opportunity for their families in Parkland Isles.

In 2010, there was a total of 26 homes sold in Parkland Isles.  But, so far half way through the 2011 year, we have already seen 19 total home sales in the Parkland Isles community.  What does this mean?  Why has there been such a dramatic increase in home sales in the community?  Where have prices gone from 2010 to 2011 in Parkland Isles?  Below, please see two charts:  The first is from 2010, and the second chart is from this year so far:

The highest priced home sale in 2010 was for $640,000, and the average sales price was $458,000.  The average home sold for 95% of the list price.  Homes sales were steady for 2010.  As a result, sales are picking up in 2011, as more and more people are looking to call Parkland Isles home.  Below, please find the chart from January to present 2011:

The highest priced home sale so far in in 2011 was for $600,000, and the average sales price was $420,000.  The average home sold for 95% of the list price.  Homes prices have remained stable, but overall sales have increase dramatically.  If this rapid sales pace continues this year, there were will most likely be over 40 homes sold in Parkland Isles for 2011.  This is approximately a 65% or more increase in overall sales from 2010 to now.

Parkland Isles has become an affordable alternative to buyers looking in Parkland and particularly in Heron Bay.  Parkland Isles offers an affordable alternative, because homes prices start in the high $200,000’s making this community one of the best real estate bangs for your bucks in all of Parkland, Florida.

Parkland Isles is conveniently located on Coral Ridge Drive, just a little north of the Sawgrass Expressway.  The community is 24-hour guard gated and features Spanish-style homes averaging 2,000 to 4,500 square feet under living areas.  One of the best features of living in Parkland Isles is its amazing neighborhood clubhouse amenities including exercise room, game room, tennis courts, putting green, playground, whirlpool spa, billiard room, and a spacious, heated swimming pool.  Parkland Isles is also conveniently located close to Parkland’s amazing parks and recreational activities for the entire family to enjoy.  Excellent schools are within walking distance from the community.  For more information and to search current available Parkland Isles listings for sale, please click: Parkland Isles

Know the neighborhood.  Know the value.  Know your hometown agents:  The Parkland Parrot Real Estate Team.  If you are interested in buying or selling 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.

Other Parkland Neighboring Communities:
The Landings
Heron Bay

Appraisals: Why You Must Now Sell Your Parkland House Twice

Due to the large inventory of bank foreclosures and short sales currently on the market, banks and lending institutions are becoming even more stringent when qualifying potential real estate buyers for mortgages.  As a result, banks want to make sure that buyers have the ability to pay back money owed on the loans.

Banks also protect their mortgage investments by making sure that the mortgage’s collateral backing is secure.  The appraisal is now more important than ever, as banks want to make sure that if the borrower fails to make their payments on the loan, then the bank will be able to sell the home for at least the amount equal to the mortgage balance.  As a result, you cannot just find able and willing buyers to purchase properties at agreed upon sales prices.  Now, you have to take the extra step and sell these sales prices to appraisers.

Last week, the National Association of Realtors’ Existing Home Sales Report showed how appraisals are negatively impacting residential real estate transactions in the United States.  In fact, 14% of all transactions in April were either cancelled or renegotiated to a lower sales price, because of low appraisals!

Bottom Line:
When considering listing your home on the market, please work with a Realtor that can answer all of your questions and concerns regarding appraisals.  Remember, you will have to sell your home twice: first to the buyer and then the appraiser.  Do not get all excited when you agree on terms with a potential buyer, as that is only half the battle.  The second half is having the home appraised.  The Parkland Parrot Real Estate Team emphasizes to each of our sellers that the appraisal is probably the most important aspect of the real estate transaction.  As a result, your Realtor should meet the appraiser and present him/her with the the following items:

1. Upgrades & features of the home
2. Floor plan
3. Survey
4. Clean copy of the purchase agreement
5. Comparable closed sales in the past 6 months

Remember, banks cannot have direct contact with appraisers.  So, the only individual that communicates with the appraiser is the listing agent in order to allow the appraiser access to the property.  Make sure your Realtor does their homework and meets with the appraiser at your home.  Appraisers come from all over South Florida and might not be affluent with your particular community.  As a result, make sure that you and your Realtor put together a plan for both the buyer and appraiser.  If you are thinking about selling your home and would like us to explain the home selling process as it relates to appraisals, please give us a call at: 954-609-0591.

Know the neighborhood.  Know the value.  Know your hometown agents:  The Parkland Parrot Real Estate Team.  If you are interested in buying or selling 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.

Related Posts:
5 Reasons To Sell Your Parkland Florida Home Now
30 Parkland Florida Homes Sold In April 2011
Hooray For Parkland and Broward Real Estate Home Sale Increases