Parkland Parrot

39 Parkland Single Family Homes Sold in April 2012

Parkland Real Estate Single Family Market Home Update For April 2012 Presented By Realtor Michael Citron

There were 39 total single family sales for the month of April 2012 ranging in price from $295,000 to $2,000,000. In April, 2012, there were a total 38 Parkland Single Family Homes. There was 1 more Parkland single family homes sold in the month of April, 2012 than in March, 2012. Among the April sales, 10 were distressed sales (bank foreclosures or short sales). 26% of all sales were distresses ones.

The single family real estate market in Parkland, FL is on fire!  Homes sales again were steady from last month. Also, distressed properties are also approximately 1/4 of all sales,which is very low in comparison to other neighboring cities such as Coral Springs or Coconut Creek.  Parkland is a more stable city causing more and more people to call the city home for their families.

Other exciting real estate news is that 4 homes sold for over a million dollars in the month of April, 2012.  As a result, Parkland luxury real estate is selling well!  This month’s market update proves that the market is stabilizing.  Inventory is at records low levels resulting in less supply and more and more demand.  I foresee this sales trend continuing this Summer, as even a larger pool of buyers will be entering the real estate market eager to purchase a home in the City of Parkland.  We could possibly see the busiest real estate Summer in years!

As a result, if you are thinking about selling your home, now is certainly the time.  With less competition, especially distressed sales, your home will get immediate attention from qualified buyers ready and able to offer top market dollar for your home.  Your home sale could be next!  Please give me a call directly at: 954-609-0591 for your customized comparative market analysis.  Let my full service and aggressive marketing plan work for you and your family!  After you sell your home, you can still take advantage of the record low interest rates for your next home.  It is truly a win win for your next real estate move!   If you would like to know what your home is worth and what you can afford when purchasing a new home, please give me a call.

Parkland is one of the most desirable areas in all of South Florida. It is more stable than neighboring areas such as Coral Springs or Coconut Creek. More and more people are looking to call Parkland home and live the Parkland Lifestyle. With excellent schools, many parks, and a plethora of other activities for the entire family to enjoy, Parkland will continue to grow and become one of the most sought-after communities in South Florida.

Every month, I make sure to post each and every single family home resale that takes place in the City of Parkland, Florida. Being a Parkland resident, I know how important is to keep abreast of the monthly real estate sales and market activity. If you would like to see home sales in the past months, please click here.

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.

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Parkland Real Estate Agent Michael Citron Quoted In Sun Sentinel

Parkland Florida Realtor Michael Citron Quoted In Sun Sentinel For Housing Strategies For 2012

Parkland and South Florida Realtor Michael Citron was quoted in yesterday’s Sun-Sentinel article entitled: South Florida housing strategies for 2012.  It appears that the housing market collapse is fading away bringing a stronger and more stable market in the coming months and years, especially in more stable communities like Parkland, Florida.

Home sales in Parkland and South Florida are on the rise, as the real estate bottom nears.  But, the shadow inventory of bank foreclosures soon to hit the market and less than stellar job market could prolong the recovery.  Sun-Sentinel reporter, Paul Owers, provides a guide to help both buyers and sellers, and homeowners “underwater” on their current mortgages in 2012:

Sellers:

DO: Consider selling early in 2012, before foreclosures hit the market
DON’T: Try to attract buyers with cars, cash or most other incentives

Underwater Borrowers

DO: Plan now if you’re considering a short sale
DON’T: Think you’re necessarily stuck with an underwater mortgage

I was quoted in the Sentinel article giving advice to potential buyers in 2012:

DO: Write a letter to the seller, explaining why you want the home

DON’T: Sound desperate or let the seller know how much of a mortgage you’re approved for

If you’re writing to a lender, be sure to explain that you’re pre-approved for a mortgage and can close quickly, Broward County (and Parkland) real estate agent Michael Citron said. If the seller is the existing homeowner, go into more personal detail.  “If the home has a pool, tell them that you hope your kids can learn to swim in that pool,” Citron said. “A regular seller wants to know the buyer will appreciate the house as much as they did.”

If you are thinking about selling or buying a home, it has never been a better time to make a move in real estate for 2012.  To read the complete Sun-Sentinel article, please click here It is a honor and privilege to be considered as a local real estate expert.  I look forward to working with the Parkland and South Florida community for all of your real estate needs in 2012.

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

Parkland Home Buyers-30 Year Mortgage Rates Drop Below 4 Percent

Parkland and South Florida Home Buyers Need To Take Advantage Of Record Low Interest Rates

Yesterday, Freddie Mac reported that the average 30-year fixed mortgage interest rates fell just below 4% for only the second time this year. Chad Wandler, a Freddie Mac spokesman, stated that these interest rates have not been this low for 60 years when long-term rates were recorded.

Freddie Mac stands for Federal Home Loan Mortgage Corporation, which is a government-sponsored entity first organized in 1970 to buy mortgages on the secondary market and help expand the availability of money for home loans.  Freddie Mac’s Vice President Frank Nothaft stated that,”Soft home prices and low mortgage rates have kept home-buyer affordability historically high.”

I have been professing that now is truly the best time to buy a home in Parkland or South Florida.  With interest being under 4% and home prices at record low numbers, what are you waiting for?  Sellers that have their Parkland homes on the market are serious about selling.  Now is the time to purchase a home in the City of Parkland.  What a great start to 2012 by owning a home in Parkland, Florida and living the Parkland lifestyle.

Search Current Available Parkland Homes For Sale

Know the neighborhood. Know the value. Know your Parkland hometown agents: The Parkland Parrot Real Estate Team.  If you are interested in buying or selling a home in Parkland or South Florida and are looking for experience local Realtors, please do not hesitate to contact us at: 954-609-0591 or send us a message here.

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2 Parkland Golf And Country Club Chinese Drywall Remediated Home Listings

Parkland Real Estate Agent Presents 2 Parkland Golf & Country Club Remediated Homes  

Here are two homes that I previewed with a buyer this past weekend in Parkland Golf & Country Club.  These two homes are ready for delivery in 30-90 days.  They are great opportunities to live in coveted Parkland Golf & Country Club.  Please see the particulars below on both home listings:

We're sorry, but we couldn't find MLS # F1127437 in our database. This property may be a new listing or possibly taken off the market. Please check back again.

We're sorry, but we couldn't find MLS # F1145498 in our database. This property may be a new listing or possibly taken off the market. Please check back again.

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.

For Sale By Owner Myths Answered By Parkland Real Estate Agent

Parkland Real Estate Agent Answers For Sale By Owner Myths

Before meeting our real estate sellers, some think about selling their home through For Sale By Owner.  Recently, the Wall Street Journal reported that founder and former CEO of ForSaleByOwner.com, Colby Sambrotto, had to use the services of a local real estate professional in order to sell his New York apartment, because he could not sell it on his own as a For Sale By Owner (FSBO).  Sambrotto, who is considered the founder of the concept of selling your home without the assistance of a real estate agent, has failed!  After much reluctance to work with a Realtor on his own personal residence, Sambrotto paid a full 6% commission in order to get his home sold.  In today’s market, Mr. Sambrotto, like many By Owner sellers, learned the hard way that selling your home without a professional is not the best way to move your home for top dollar in the fastest amount of time.

Let’s now look at a couple myths that Mr. Sambrotto, like many do it yourself home sellers, experienced:

Myth #1 – You Will Net More Money By Selling On Your Own

Most FSBO sites claim that you can save money on the commission by selling on your own. But, what happened to Mr. Sambrotto be shocking:

From the WSJ article:

“The broker, Jesse Buckler, said he told Mr. Sambrotto the apartment in the Lion’s Head building on West 19th Street near Sixth Avenue was priced too low and wasn’t drawing the right buyers.

By May, it went into contract, he said, after attracting multiple offers. It closed in the last few days for $150,000 more than the original asking price.”

Myth #2 – You Can Sell Your Home Alone Using Just The Internet

With the plethora of  real estate websites on the Internet, hiring a real estate professional is not a necessity.  Read below, to see what happened to Mr. Sambrotto, Mr. FSBO guru, after only depending on the Internet to sell his home:

From the WSJ article:

“Looking to move his family to the suburbs, [Mr. Sambrotto] said he carefully staged his apartment for sale himself, and put it on the market. But after using a mix of websites to publicize his apartment, he said he had only ‘middling success’ and switched to a broker because many buyers were so reliant on brokers.”

Bottom Line

The Real Estate Profession has been around for centuries for just this reason!  If you are truly looking for the best service and to net the most money, then please interview top Parkland or South Florida Realtors.  Your home is one of your largest financial assets.  As a result, consult with a true professional, like us, that will guide you throughout the entire selling process, ESPECIALLY in today’s real estate market.

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.

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