Parkland Parrot

5 Reasons To Sell Your Parkland Florida Home Now

If you been pondering the thought of making a move in the next year, now could be the best time to list and sell your Parkland or South Florida real estate home rather than waiting another year or more.  Below, please find Parkland real estate expert Michael Citron’s five reasons to consider selling now:

1. Ideal Time For Home Exposure: The spring and summer months are typically the best time for buyers looking to purchase a home before the next school year begins.  With the surge of buyer activity, your home will get the best exposure and ultimately offers from motivated buyers ready to pay top market dollar for your home!
2. Competing South Florida Short Sale & Foreclosure Listings: There are less homeowners defaulting on their mortgage payments, which is a good thing.  But, the bad news is that there is a large inventory of shadow foreclosure and short sale listings that will be coming on the market in the next 6 months.  As a result, if you list now instead of later this year, you will have less distressed home listings competing against you.  These distressed properties typically sell for 20-30% less than market value.
3. 6 Months Of Increased Mortgage Interest Rates: Currently, interest rates are again under 5%.  However, an increase of 1/2% has occurred in the past six months.  With every 1/4% increase in interest rates, approximately 250,000 buyers are unable to qualify for mortgages.  As a result, there will be fewer buyers in the near future, as well as a higher mortgage payment for you when you sell and then look to buy a new home.
4. Read the rest of this entry »

30 Parkland Florida Homes Sold In April 2011

Parkland Real Estate Single Family Market Home Update For April 2011 Presented By Realtor Michael Citron

Property Address	Type Of Listing	Community	Price	Beds/Baths	Square Feet
8950 NW 70th Court	Regular Sale	BBB Ranches	$3,500,000	6/6.5	10,480
6113 NW 91st Avenue	Regular Sale	Grand Cypress Estates	$970,000	6/5	5,233
8262 Emerald Avenue	Regular Sale	Parkland Golf & CC	$760,000	6/5.5	4,682
5970 NW 91st Avenue	Regular Sale	Grand Cypress Estates	$685,000	5/3	3,382
6901 Long Leaf Drive	Corporate Owned	Parkland Golf & CC	$639,000	5/3	3,588
6848 NW 110th Way	Regular Sale	Parkland Isles	$600,000	5/3	3,301
12316 NW 80th Place	Regular Sale	Heron Bay – Banyan Isles	$537,500	6/4	3,715
6437 NW 108th Terrace	Regular Sale	Parkland Isles	$528,000	5/3	2,898
9527 Exbury Court	Bank Foreclosure	Parkland Golf & CC	$498,000	4/3.5	3,700
11065 NW 79th Place	Regular Sale	Heron Bay- The Glen	$485,000	5/3	2,966
6562 NW 72nd Place	Regular Sale	Ternbridge	$475,000	4/2	2,636
7492 NW 110th Drive	Regular Sale	Parkland Reserve	$470,000	5/4	3,302
10734 NW 80th Circle	Regular Sale	Heron Bay – Creekside	$470,000	4/3	3,064
8012 NW 123rd Terrace	Regular Sale	Heron Bay – Banyan Isles	$453,000	4/2.5	2,671
7120 Long Leaf Drive	Short Sale	Parkland Golf & CC	$450,000	5/3.5	3,219
6827 NW 110th Way	Bank Foreclosure	Parkland Isles	$450,000	5/3.5	3,053
6390 NW 62nd Terrace	Regular Sale	Pine Tree Estates	$440,000	4/3	2,442
12680 NW 78th Manor	Regular Sale	Heron Bay – Heron Cove	$430,000	5/3	2,684
9561 Eden Manor	Bank Foreclosure	Parkland Golf & CC	$425,000	4/3.5	4,121
10835 NW 83rd Court	Regular Sale	Heron Bay – Creekside	$419,000	4/3	2,601
10151 NW 59th Drive	Regular Sale	The Landings	$415,000	4/2	1,936
7210 NW 115th Way	Short Sale	Heron Bay – Bay Cove	$400,000	4/3	2,684
9497 Satin Leaf Place	Short Sale	Parkland Golf & CC	$389,000	3/3	2,505
7119 NW 113th Avenue	Regular Sale	Parkland Isles	$387,500	4/3	2,493
7183 NW 116th Way	Regular Sale	Heron Bay – Bay Cove	$347,000	3/2.5	2,196
6042 NW 73rd Court	Regular Sale	Parkwood IX	$317,000	4/2	2,487
6655 NW 113th Way	Regular Sale	Parkland Isles	$314,500	3/2	1,997
6450 NW 110th Avenue	Regular Sale	Parkland Isles	$287,500	3/2	1,977
12420 NW 81st Street	Bank Foreclosure	Heron Bay – Banyan Isles	$235,000	4/3	2,866

There were 30 total single family sales for the month of April, 2011 ranging in price from $235,000 to $3,500,000. Last month, there were 29 total single family home sales. There was one less Parkland single family homes sold in the month of March, 2011 than in April, 2011. Among the April sales, only 8 were distressed sales (bank foreclosures, short sales, or corporate owned properties).  It’s good to see that only 27% of the sales were distressed ones.  But, banks and lending institutions are expected to start releasing their foreclosure inventory in the coming weeks and months.  We will certainly keep an eye on this and provide you with the most up-to-date news and information.

Also, we have definitely seen an increase in buyer activity in Parkland, Florida.   Many families are looking to make a move to Parkland during the Summer months.  As a result, new residents can send their children to the Parkland camps and get better acclimated to the Parkland Lifestyle before the school years starts.

With bank foreclosure inventory expected to increase, it may be the perfect time to list your home for sale.  Currently, there are many qualified buyers anxiously trying to move into Parkland, Florida before the next school year.  Interest rates are also again back under 5%.  Your home may be worth more than you think.  Call us today at: 954-609-0591 for your customized market analysis and unique marketing plan.  Allow our expert service to work for you!

Every month on our website, we publish all of the Parkland residential single family home sales. We know the importance of staying on top of the market and being aware of all of the sales. If you would like to see home sales in the past months, please click here.

We know the numbers, we analyze the market, our clients make better decisions. If you are interested in buying 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 Florida Schools Voted Among Best In Nation

Forbes Magazine Report Shows Parkland Florida Schools As Among Best In the Nation

The annual review recently released by Forbes Magazine shows how the City of Parkland was voted eighth overall where a homeowner’s housing dollars went the furthest for local education.  Parkland also received the highest accolade in the category of homes costing between $400,000 to $599,999.

Forbes review was conducted with the help of GreatSchools, which analyzed 17,589 towns and cities across the country that administered standardized tests and the results from recent National Assessment for Educational Progress data.  As a result of the study of more than 200,000 public schools and charter schools, the City of Parkland excelled as being one of the best in the entire nation.

Parkland Mayor Michael Udine was extremely happy when first hearing of this prestigious honor, but not surprised by the city’s high ranking. “We have always emphasized the importance of our schools. Our City does as much as we can to assist our local schools. Our volunteers and school community should all be commended and congratulated.”

The Parkland Parrot Real Estate team concurs with Mayor Udine.  This is just another major reason why many people are moving their families to Parkland, Florida for a better way of life.  Parkland offers its residents an excellent public school system, 7 parkland and plenty of recreational activities for the entire family, small-town living, and safety.  Read an article I recently wrote about entitled: What Is The Parkland Florida Lifestyle?

Related Posts:
City Of Parkland Florida Voted Best Library Of 2011
Is Now The Best Time To Purchase A Home In Parkland Florida?

We know the numbers, we analyze the market, our clients make better decisions. If you are interested in selling or buying 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.

Hooray For Parkland and Broward Real Estate Home Sale Increases

March Home Sales and Prices Increase

March, 2010 was a hot local real estate market, as prices saw two consecutive month increases!  But, does this mean that the real estate market is turning around?  Have we reached the bottom?  According to the Florida Realtor Association,  existing homes sales for last month was 1,169, which was up 8 percent from this time last year.

Yesterday’s Sun-Sentinel article: Broward home sales, prices rise in March showed how many real estate companies are claiming that the overall market is showing signs of life, as we have entered into the traditional spring and summer selling seasons.  Other real estate professionals point to how the market has improved as unemployment is declining.  Also, buyers are starting to get off the real estate fence more, as they see that the bottom of the market may be very near.

Another great indicator that the market is starting to stabilize is the current home inventory.  The current available real estate home inventory int eh Broward Metro area fell by approximately 12 percent in February from January of this year.  According to Move Inc, this drop in inventory was the largest in the nation.  Of course, we know that different cities and neighborhoods are more stable than others in the county.

Bank foreclosures have been down in recent months.  But, will the shadow inventory now be released by the banks as they see the overall inventory dropping in Broward County?  If so, how will this affect the market for the coming months?  Like many of my real estate colleagues, we are ecstatic to see the market picking up in sales activity and decreases in overall available home inventory.  We hope these trends will continue in the next few months.  With mortgage interest rates still hanging around 5%, NOW is the time to buy a home.  Our Parkland real estate market is on fire, as more and more sales are taking place in our great city.  What more could you ask for than a stable Parkland real estate market, great school district, over 7 parks and recreational activities, living in a safe community, and much more?  Buy Buy Buy!

We know the numbers, we analyze the market, our clients make better decisions. If you are interested in selling or buying 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.

5 Parkland Seller Tips To Make Your Home Stand Out In A Foreclosure Market

Calling All Parkland Real Estate Sellers – 5 Tips To Make Your Home Stand Out In Today’s Market!

1. Foreclosures & Short Sales Lurking In Your Neighborhood: According to Zillow.com, more than one out of every five homes sold in the entire United States were bank foreclosures.  In Zillow’s analysis, bank foreclosures typically sell between 18–59% less than comparable homes in the same neighborhood.  Like it or not, regular sellers must consider these bank foreclosure as their major competition.  But how can regular sellers in today’s market make their home stand above the competition, get traffic to the home, and ultimately sell for fair market value?  Below, please find some more helpful suggestions when selling in a foreclosure or short sale dominated market:
2. Advertise The Upgrades & Features: Normally, traditional sales are in much better condition than foreclosures or short sales.  Foreclosures are usually unkempt, stripped of appliances, and possibly in need of significant structural repairs. Also, banks typically sell their listings in “as-is” condition, which means that the buyers will be responsible for the necessary repairs. Before putting your home on the market for sale, it is important to make any necessary repairs, increase the curb appeal, and paint in order to freshen up your home for buyers to see.  As a result, your home will stand above the competition of the foreclosures and short sales competing against you.  Also, these improvements will be showed off in the listing photos and during the showings.
3. Photos, Photos, & More Photos: Most foreclosure and short sale competing listings only have one or a few pictures of the listings.  Make sure to take professional photos of your home.  The Multiple Listing Serivce (MLS) allows up to 16 photos to be included in each home listings, and Realtor.com permits up to 25 photos.  In a market where everyone is visual and is looking online for available homes, it is imperative to make your home show at its best.  Take photos of every features and benefit, so the potential buyers can see a pictorial tour of your home online.
4. Promote A Faster & Seamless Closing: Foreclosures and short sales are notorious for not closing quickly.  There can be delays due to liens on the properties, necessary repairs needed, and a plethora of other title or related issues that can delay the closing dates by weeks or even months.  If it is possible for you to close in 30-60 days, it is important to market that your home is in move-in condition and can close in an expeditious manner.
5. Spruce Up Your Neighborhood: It also important to know that buyers do not just buy a home.  They first buy a neighborhood.  As buyers drive around homes for sale, they will notice if there is other homes that have unkempt lawns and landscaping.  It could turn a buyer off to your home.  As a result, you should offer to cut the neighbors lawn or even the vacant homes in your community.  It will certainly help sell your home.  We had a seller that had two vacant properties next to them.  After agreeing to cut the 2 neighbors’ lawns, the home received an offer in a week and closed in less than 30 days.

We know the numbers, we analyze the market, our clients make better decisions. If you are interested in selling or buying 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.