More exciting real estate news for Parkland and Broward County homeowners!  I have been writing article for the past 8 months expressing that our local Parkland and South Florida real estate market is rebounding.  Inventory is low, and demand is high! 

More proof that the Parkland real estate market is getting stronger came when the 2012 Estimated Tax Values from the Broward County’s Property Appraiser’s Office were recently released projecting that 2012 tax roll values would “remain relatively flat.”  But, in particular, the City of Parkland, Florida was one of the few municipalities that actually toped the list for a 4% estimated taxable increase in home values for 2012.

Parkland Mayor Michael Udine was quoted as saying: “What’s important here is that the residential property has increased in Parkland showing continuing confidence in the market and the values that Parkland can offer to its residents.”  The result of property values increasing will continue to help stabilize and even help grow the City of Parkland.  Buyers are flocking to our city in order to take advantage of the many features and benefits and live the Parkland Lifestyle.  Parkland’s City Manager, Caryn Gardner-Young, was elated when she heard about the news. “There’s a draw to Parkland because of its ambiance and home town feeling and the fact it is a very well-run city.”

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.

Asking Price: $375,000
2,386 Square Feet
3 Full Bedrooms
2 Full Bathrooms
2-Car Garage
$114 Per Month – Association Dues
Click Here For Full Details, Pictures, & Google Maps Of This Property

NOT A Foreclosure Or Short Sale! This Home Is Practically Never Lived In And Is Less Than 2 Years New .  Home Has 3 Full Bedrooms And 2 Full Bathrooms.  Owner Put An Additional $55,000 In Upgrades When They Purchased Home From Prestigious Builder Centerline Homes. Home Has Very Spacious And Oversized Lot With A Fenced Backyard Area Perfect For Entertaining And For Pets.

Home Also Features Heated Swimming Pool & Covered Lanai Area.  Home Has Full Impact Glass Doors & Windows Which Will Help Cut Down Significantly On Your Yearly Homeowner’s Insurance.  Huge Fence Surrounds The Back Of The Home With Lush Tropical Landscaping. Lowest Monthly Homeowner’s Dues In West Parkland Of Only $114 Per Month.

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

Other Features Include An Amazing Kitchen With Granite Countertops, Stainless Steel Appliances, Wood Cabinets With Custom Built-Ins, Spacious Custom Pantry, Separate Utility Room With Tub, Tile Floors In Living Areas, Wood Floors In Beds, Separate Tub & Shower And Dual Sinks In Master Bath With Granite Countertops And Wood Cabinets In Master Bath, Huge Master Bedroom Walk-In Closet With Built-In’s.

The Area Around Parkland Reserve Also Offers Great Schools & Close Proximity To Parks And Recreational Activities For The Entire Family.  You Only Have To Bring Your Toothbrush To This Parkland Gem!  This Property Will Not Last Long.  If You Are Interested In Previewing The Home, Please Give Me A Call Directly At: 954-609-0591.

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

Click Here To View Acadia Floor Plan

For more information on this amazing home in Parkland Reserve, please contact me directly 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.

Parkland Isles real estate is on fire!  As one of the most popular neighborhoods in all of Parkland, Parkland Isles offers residents a man-gated community with a clubhouse which includes a resort-style swimming pool, child pool, jacuzzi spa, fitness center, tennis courts, and an outdoor bar area perfect for entertaining guests.  The clubhouse also features a game room and party room as well as on-site management and staff.

Parkland Isles also has desirable floor plans from 3 bedrooms to 6 bedrooms homes.  The school district is A-Rated and is located within walking distance to the community.  Prices range from the low $300,000’s to high $500,000’s making it one of the best bang for your buck communities in all of Parkland, Florida.

I have recently listed and sold three homes in the community this year.  Below, please view the three homes that the Parkland Parrot Real Estate Team represents.  If you are thinking about buying or selling a home in Parkland Isles or the rest of Parkland, please feel free to give me a call directly at: 954-609-0591.

Parkland Isles | 11167 NW 65th Ct, Parkland, FL 33076 | Gated Community | 2-Car Garage | Pool Home On Lake | 3 Bedrooms / 2 Baths | 1,977 Square Feet Of Living Space | Sold for $345,000

Parkland Isles | 10974 NW 71st Ct, Parkland, FL 33076 | Gated Community | 3-Car Garage | Pool Home | 5 Bedrooms / 3 Baths | 3,227 Square Feet Of Living Space | Pending Sale At: $499,900

Parkland Isles | 10902 NW 70th Ct, Parkland, FL 33076 | Gated Community | 3-Car Garage | Pool Home On Lake | 5 Bedrooms + Loft / 4 Baths | 3,800 Square Feet Of Living Space | Available At: $629,900

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.

There were 19 total single family sales for the month of February 2012 ranging in price from $230,000 to $758,000.  In January, 2012, there were 17 total single family home sales. There were 2 more Parkland single family homes sold in the month of February, 2012 than in January, 2012.  Among the February sales, 7 were distressed sales (bank foreclosures or short sales). 37% of all sales were distresses ones.

We are seeing a decrease in the amount of distressed sales in Parkland, Florida.  As more and more distressed sales are sold, the overall Parkland real estate market will settle in the coming months.  Inventory is a record low levels in Parkland.  Buyers are also purchasing pre-construction homes in Heron Bay, Parkland Golf & Country Club, and Parkland Reserve. Currently there are 194 total single family homes for sale in all of Parkland.  As a result, buyers do not have a plethora of available homes to choose from.

Parkland home listings that are priced and presented well sell in days, not months.  If you are currently thinking about selling your Parkland or South Florida home, now is the time.  Buyers are willing to pay at least market to above market value for homes in the city.  If you are an empty nester or need a larger home for your growing family, now is the ideal time to make the move.  Interest rates are at record low levels.  You will be able to sell your home for top market dollar, and then be able to take advantage of low interest rates when purchasing your next home.  It is a win win situation for all Parkland homeowners.

The Parkland and South Florida real estate market will pick up even more as Spring is here.  More buyers will be entering the market in the coming weeks and months.  Inventory will increase, but I do not believe it will increase enough to meet the large demand of buyers looking to call Parkland their home!

As I have stated in past market update blog posts, I certainly see the overall Parkland real estate market stabilizing this year.  In many Parkland communities, we are already seeing this settlement along with some price increases.  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.

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.

Asking Price: $499,999
3,200 Square Feet
5 Bedrooms
4.5 Bathrooms
3-Car Garage

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

Exclusive Parkland Parrot Real Estate Team Listing!  Not A Short Sale Or Foreclosure!  Stunning 5 Full Bedrooms, 4.5 Bathrooms, Lakefront Pool Home In Prestigious Man-Gated Community Of Meadow Run In Parkland, Florida.  This Home Features A Split  & Very Open Floor Plan, Formal Dining Room, Formal Living Room, Spacious Master Bedroom Suite With Gorgeous Views Of The Screened-In Patio Pool Area & Lake.  The Master Bedroom Also Has A Walk-In Closet.

The Master Bathroom Has A Separate Shower & Tub, Dual Sinks & Separate Vanities.  The Dining Room Is Perfect For Entertaining Guests & Having Holiday Dinners.  The Kitchen Is Huge With Granite Counters, Which Overlooks The Family Room And Eat-In Kitchen.  There Are 4 Other Bedrooms With 4.5 Bathrooms Making It Ideal For A Large Family.

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

4 Bedrooms Have Pergo Floors, Large Laundry Room With Sink. Volume Ceilings With Molding, Screened-In Patio With Plenty Of Room For Entertaining & Barbecuing.  There Is A Separate Jacuzzi Spa With A Spacious Swimming Pool.  The Back Patio Area Overlooks A Large Lake With No Neighbors Directly Behind You. The home also features two air conditioning units, lush landscaping with beautiful palm trees in both the front and back of the home.  This home is clean and move-in ready.

Click here to view the embedded video.

If You Are Interested In Previewing This Meadow Run Dream Home, Please Contact Parkland Listing Agent Michael Citron Directly 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.

Asking Price: $629,900
4,348 Square Feet
5 Bedrooms Plus Loft
4 Full Bathrooms
3-Car Garage

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

Not A Short Sale Or Foreclosure!  Amazing Upgrades!! Move-In Ready 5 Full Bedrooms Plus Loft, 4 Bathrooms Pool Home On Lakefront Lot.  This Home Features A Huge Kitchen With Giant Center Island, Granite Countertops, 42′ Cabinets, & Stainless Steel Appliances Plus Eat-in Kitchen.  The Kitchen Is Also Conveniently Located Next To The Family Room & Patio Area Making It Perfect For Entertaining.  The Master Bedroom Is On The First Floor, And There Is Another Full Bedroom & Full Bathroom On The 1st Floor Split Away From The Master Bedroom.  This Bedroom Could Be Perfect For Guests As Well As A Mother-In-Law Suite.  The Master Bedroom Is Fit For A King & Queen Which Includes A Jacuzzi Tub, Separate Shower, & Dual Sinks Which Allows For Plenty Of Room.
Upstairs There Is An Oversized Loft Area Perfect For A Kid’s Play Room Or Media Room.  Three Full Bedrooms Are Upstairs Including 2 Full Bathrooms & 2nd Master Suite With Its Own Bathroom.  There Is Also A Very Spacious Laundry Room With Sink On The 2nd Floor.  There Is A Screened-In Patio Area Just Off The Family Room.  The Outdoor Patio Area With Full Size Pool & Full Outdoor Bar & Kitchen With Grill.  If You Enjoy Entertaining & Barbecuing, Then You Will Fall In Love With This Patio, Which Is Also Fenced-In & Located Directly On Parkland Isles’ lake.  The Home Is Also Fully Equipped With Accordion Hurricane Shutters, Which Will Decrease Your Homeowner’s Insurance.  The Home Also Boasts A 3-Car Garage & Pavered Driveway & Patio Area.
Click Here For Full Details, Pictures, & Google Maps Of This Property

Parkland Isles Also Has Amazing Resort-Style Amenities Including Full Clubhouse, Heated Pool & Spa, Tennis Courts, Playground, Exercise Room, Party Area, & More.  Live In One Of The Best School Districts In All Of Florida Which Is Within Walking Distance From Your New Home.

Click here to view the embedded video.

For more information, please visit Parkland Isles Home Website or contact me directly 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.

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.

It is a pleasure to announce that the Parkland Parrot Real Estate Team just successfully help negotiate a short sale for a client of ours in the Cypress Head community.  Bank Of America agreed to accept almost $500,000 less than was was owed and gave my client a full release for the deficiency.

Our client was ecstatic to be able to successfully short sale his Cypress Head home in Parkland, Florida and now be able to move on with his life. The government implemented the Home Affordable Foreclosure Alternatives (HAFA) program which is in place to help homeowners settle their mortgage debt without going through a foreclosure.  The goal of this program is to help homeowners sell their properties through the short sale process and settle their mortgage debt if they owe more on the mortgage than what the home is actually worth.  With the help of this program, the short sale process is streamlined and also offers financial assistance to help with relocation.  In particular, our client in Cypress Head was even given $3,000 from this program in moving costs.

On Bank Of America’s website, here is the qualification to be eligible for the HAFA program:

1.  The property is your current principal residence, OR the property has been vacant or rented out for less than 12 months, and you have not bought another principal residence during that time.

It is a great pleasure for our team to be able to help someone in need and get them on to the next step in their lives.  In particular, this stressful situation was handled with the utmost professionalism and care.  Our short sale clients truly understand that we have their best interests in mind and are here to help throughout the entire process.  We were able to close this transaction in only 4 months, where most short sales take approximately 6-8 months to get done.

If you know anyone in Parkland or South Florida who is “underwater” on their home, tell them to give me a call directly at: 954-609-0591, so I can help answer all of their questions and concerns and provide them with pertinent short sale information.

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.

The Obama Administration is releasing a brand new revision to the Home Affordable Refinance Program for homeowners that are underwater on their mortgages.  Struggling homeowners that owe more than their homes are worth can take advantage of this new program.

Below, please see the criteria that homeowners must meet to take advantage of this program:

• Borrowers must be current on their mortgage payments.
• The loans must be backed by Fannie Mae or Freddie Mac.
• Fannie Mae or Freddie Mac must have bought these loans no later than May 31, 2009.
• To find out if your loan is owned by Fannie, click here. To see if it’s owned by Freddie, click here.

Some other revisions to the Home Affordable Refinance Program are that the government will allow some borrowers to refinance their mortgages even if their mortgages exceed 125% of the values of their homes.  Other noted changes to the program also permit less risk for lenders and decreased fees for borrowers.  Some homeowners can even qualify to refinance their mortgages even if they had a foreclosure in the past seven years!

This new program could help tens of thousands of South Florida residents that owe a lot more than their homes are worth.  In fact, Corelogic, a research firm, reported that four out of 10 homeowners in Broward and Palm Beach counties are currently underwater on their mortgages.  Today is the launch of this new program nationwide, but mortgage experts caution underwater homeowners looking to take advantage of this new government program to be patient, as many lenders are not prepared to accept many applications right away.  I caution homeowners to be patient and shop multiple lenders in order to receive the best rates and programs.

I think this program will indeed help many Parkland and South Florida homeowners.  As a result of underwater homeowners taking advantage of this program, the overall real estate market in Parkland will improve.  In the future, more homeowners will be able to refinance their mortgages and stay in their homes resulting in less distressed home listings being put on the market for sale including short sales and bank foreclosures.  If you are looking to take advantage of this new program and need to speak with an expert mortgage professional, please give me a call at: 954-609-0591.

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.

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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