Parkland Parrot

Good News For Parkland Homeowners With Chinese Drywall

Chinese Drywall Settlement Could Cost Chinese Firm 1 Billion

Finally, the end looks near for the Chinese Drywall issue that has hit many states, particularly Parkland and South Florida.  Chinese Drywall manufacturer, Knauf and its Chinese affiliate Knauf Plasterboard Tianjin, recently agreed to a settlement that would give cash to help replace the Chinese Drywall in affected homes.

The settlement will cost approximately $600 million to $1 billion.  According to NBC Miami,  the company will cover all of the necessary Chinese Drywall repairs on all 4,500 houses that were affected.  Among the homes affected, 55% of the homes are in the State of Florida. There are thousands of homeowners, mostly in the South, affected by the installation of tainted Chinese Drywall.

Attorneys for the plaintiffs said that Knauf knew that the Chinese Drywall that they installed in homes was defective and neglected to tell customers. Chinese Drywall gives off a foul odor.  It also corrodes wiring and metal in appliances and causes health problems.  Settlements have been reached with other Chinese Drywall manufactures and more should follow.

This is great news for many Parkland and Florida homeowners that have been dealing with the Chinese Drywall saga for many years.  This news will also help stabilize the overall Parkland and Florida real estate market as more and more homeowners will receive settlements in order to finally remove the Chinese Drywall in their homes.  As a result, homeowners, and their families, will soon be able to enjoy their homes that they had built.  We will continue to provide the Parkland community with updated information on the Chinese Drywall court proceedings.

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.

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.

8197 Emerald Av, Parkland, FL 33076 (MLS # F1145498)

PRICED TO SELL!!! NOT A SHORT SALE OR FORECLOSURE. 5 BEDROOMS+DEN AND LOFT. BAR OFF FAMILY ROOM. WINE CLOSET. OVERSIZED PANTRY ACROSS FROM BUTLERS PANTRY. HOME BEING COMPLETELY REMIEDIATED WITH BRAND NEW KITCHEN AND BATHROOM VANITIES. ALL MARBLE FLOORS. OVERSIZED WATERFRONT LOT LOOKING DOWN THE LAKE.

Property Type(s): Single Family

Last Updated	1/24/2012	Tract	Parkland Golf And Co
Year Built	2007	Community	Parkland Golf And Country
Garage Spaces	3.0	County	Broward County
Total Parking	3	Walk Score ®	2

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Listed with Coldwell Banker Residential RE

(view all details for MLS #F1145498)

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.

WCI Knew Parkland Golf and Country Club and Heron Bay Had Chinese Drywall As Early As 2006

WCI Communities Kept Quiet About The Chinese Drywall Problem As Early As 2006

Yesterday, Sun-Sentinel article reports that Bonita Springs-based-homebuilder WCI Communities was aware that homeowners were complaining about Chinese Drywall as early as 2006.  Unfortunately, WCI kept quiet and said nothing to its customers and the government.  This new information was ascertained by ProPublica and the Sarasota Herald Tribune.

The Chinese drywall issue did not catch the public’s attention until early 2009, when South Florida residents started to complain about foul smells and damaged appliances.

We reported that WCI emerged from bankruptcy protection last September. WCI built Heron Bay and Parkland Golf & Country Club, which are among the region’s hardest hit by Chinese drywall.

If WCI Communities hid the Chinese drywall problem from the many homeowners that purchased in their communities, then there is no telling what else they could be covering up from the public!

Buyers beware!  I urge perspective Parkland home buyers to hire professional and licensed home inspectors that also specialize in Chinese drywall inspections.  Any home built in 2001 or sooner should have a Chinese drywall inspection performed.  It is better to spend the extra money, so you do not become another victim of Chinese Drywall or other issues caused by WCI Communities.

WCI Communities -  Shame On You! Shame On You!

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.

FEMA Announces No Relief For Parkland Chinese Drywall Victims

The Sun-Sentinel reported today that Federal Emergency Management Agency (FEMA) will not offer assistance to homeowners affected by Chinese Drywall.  This comes as a major blow to our Parkland residents in Heron Bay and Parkland Golf And Country Club

Local attorneys representing homeowners with Chinese Drywall said that FEMA’s refusal to offer relief and further investigation to this major problem is proof that the federal government does not understand the extent of the problem. FEMA has stated publicly that Chinese Drywall does not constitute as an emergency or major disaster.  However, the Florida Division of Emergency Management will try other options in order to help homeowners receive the necessary aid.

Parkland homes effected by Chinese Drywall are selling at bargain prices.  As a result, it is negatively impacting the local market in Heron Bay and Parkland Golf & Country Club.  I recently wrote an article that received a lot of attention in the public:  Buyers Can Steal Parkland Chinese Drywall Homes.  Many of these homes are now selling in the $200,000-$300,000 price range.

Click Here to Read More Article On Parkland Chinese Drywall

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.

Is South Florida Real Estate A Good Investment?

Is buying a home a good investment?  Should I instead put my money in the stock market that seems to be rebounding?  These are all questions that potential buyers are pondering as they sit on the real estate fence concerned if their real estate investment could be a profitable investment.

I recently read an article by MSN Money.com that studied the period from the beginning of 2000 to the end of 2010 of the stock market versus the real estate market.  Above, please see their chart proving that real estate is the best long term investment.

If you would have invested $100,000 of your hard earned money in the Dow in 2000, you would have lost $5,000 and now be left with $95,000.  Think that is upsetting, then take a look at the S&P 500.  If you would have invested that same $100,000 in the S&P 500 in 2000, you would have taken a $20,000 loss and be left with only $80,000.  Worst of the bunch would have been the NASDAQ.  Invest your $100,000 inheritance in technology stocks, and you would have lost 40% of your money and only have $60,000 left to show for.

But despite all of the media buzz of the crash in the national real estate market in the past five years, if you would have taken the $100,000 and invested in the real estate property in January of 2000, you would have made $50,000 by the end of 2009 and have $150,000 in your pocket.

Of course, real estate is not like the stock market!  If you are looking for a quick return on your investment, then real estate is not for you.  But, if you are looking for a long-term investment with excellent returns, real estate is and always will be the best return on your investment for you and your family.

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.