Parkland Parrot

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.

21 Parkland Single Family Homes Sold in November 2011

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

Property Address	Type Of Listing	Community	Price	Beds/Baths	Square Feet
6831 NW 103rd Ter	Regular Sale	Fox Ridge Estates	$750,000	5/4.5	3,818
7720 Newport Lane	Regular Sale	Cypress Head	$725,000	5/3.5	3,688
11162 NW 68th Place	Regular Sale	Parkland Isles	$592,000	5/4	3,652
7721 E upper Ridge Drive	Regular Sale	Cypress Head	$582,500	5/4.5	4,500
7641 Hyanis Lane	Short Sale	Cypress Head	$580,000	5/3.5	4,033
5807 NW 63rd Way	Regular Sale	Pine Tree Estates	$530,000	5/3	3,569
9584 Ginger Court	Regular Sale	Parkland Golf & CC	$530,000	5/3.5	3,705
9954 NW 65th Mnr	Regular Sale	Meadow Run	$492,500	5/4	2,856
8072 NW 125th Ter	Regular Sale	Heron Bay – Sable Pointe	$450,000	4/3	3,118
8251 NW 122nd Lane	Regular Sale	Heron Bay – Banyan Isles	$430,000	4/3	3,082
12320 NW 81st St	Regular Sale	Heron Bay – Banyan Isles	$425,000	4/3	2,600
6626 NW 112th Ave	Regular Sale	Parkland Isles	$385,000	4/2	2,192
9681 Ginger Court	Regular Sale	Parkland Golf & CC	$385,000	3/3	2,705
6691 NW 103rd Lane	Short Sale	Fox Ridge	$380,000	5/4	3,500
11244 NW 65th Ct	Short Sale	Parkland Isles	$300,000	4/3	2,550
6029 NW 74th Street	Regular Sale	Parkwood	$275,000	4/2.5	2,567
8266 NW 124th Ter	Short Sale	Heron Bay – Sable Pointe	$250,000	4/3	3,369
7650 NW 70th Avenue	Bank Foreclosure	Parkside Estates	$240,000	4/2.5	2,068
6260 NW 78th Drive	Regular Sale	Mayfair	$240,000	4/3.5	2,601
8061 NW 125th Ter	Regular Sale	Heron Bay – Sable Pointe	$210,000	3/3	2,771
7600 NW 61st Ter	Bank Foreclosure	Terramar	$210,000	4/5	2,332

There were 21 total single family sales for the month of November 2011 ranging in price from $210,000 to $750,000 Last month, there were 25 total single family home sales. There were 4 less Parkland single family homes sold in the month of November, 2011 than in October, 2011. Among the November sales, 6 were distressed sales (bank foreclosures, short sales, or corporate owned properties).
29% of all sales were distresses ones.

Inventory is very low in the City of Parkland.  It is common at this time that potential sellers are waiting until the beginning of 2012 to put their homes on the market for sale.  Also, banks and lending institutions are also going to be releasing more foreclosure inventory in the coming months.  As a result, Parkland real estate inventory will increase in the coming weeks and months resulting in more sales and market activity.

I emphasized in my last month’s market update that distressed sales are down in Parkland, Florida.  This trend has continued for the month of November, 2011, as there were only 6 total bank foreclosures and short sales sold.  Hopefully this will help stabilize the real estate market in Parkland leading into 2012, as more buyers, especially investors, are purchasing the distressed real estate inventory.  The Parkland real estate market is much more stable than neighboring cities 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.

If you are thinking about purchasing a home in Parkland, Florida, now is the time, as interest rates are at record low levels. Also, homes in Parkland have never been more affordable than right now!

Every month, I make sure to post each and every single family home sale 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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Another Successful Short Sale Negotiated For Parkland Cypress Head Seller

Parkland Real Estate Agent Michael Citron Helps Negotiate Successful Short Sale

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.

Parkland Real Estate Agent Michael Citron Lists Pine Tree Estates Dome Home

6283 NW 66th Ave, Parkland, FL 33067

Parkland Realtor Michael Citron just listed another unique home in Parkland’s prestigious community of Pine Tree Estates.  This Dome home sits on a private acre corner lot and was built in 1984 and offers  5  bedrooms plus loft with 3 full bathrooms and swimming pool.Asking Price: $599,000
Reduced To Sell!!
5,057 Square Feet
5 Bedrooms Plus Loft
3 Full Bathrooms
2-Car Garage
Click Here For Full Details, Pictures, & Google Maps Of This Property

RARE opportunity to own a one-of-a-kind dome home on a corner lot in Parkland’s Pine Tree Estates community.  No homeowner association dues!  Home features include 14 skylights, soaring ceilings, spiral staircase with three levels.  5 bedrooms plus an upstairs loft with bar area. House also features wood and tile.  Spacious kitchen includes newer granite countertops, 2 wall ovens, and separate bar area which is perfect for entertaining guests.
Home sits on over 1 acres on a private corner lot with a fenced-in back patio area with a swimming pool perfect for parties.  Home also features a very open floor plan with a formal dining room and living room.  Outside there is lush landscaping with 2 driveways leading to the front and back of the home.  There is a two-car garage and a circular driveway in the front of the home.  The home is also energy-efficient with low monthly FPL bills. There is a newer roof and A/C units.

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

For More Information On My Exclusive Pine Tree Estate Dome Listing Or To Setup A Private Showing, Please Contact Me At: 954-609-0591 or send us a message 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 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.

Real Estate Inventory Down and Home Sales Up

Parkland and South Florida Real Estate Inventory Down and Home Sales Up

According to the Sun-Sentinel, home inventory in Broward County Florida has gone down, which is a great sign for the overall South Florida real estate market.  In Broward County, there are 14,932 condos and houses available, which is a whopping 36 percent decline in properties for sale from last year.

As we know, housing inventory rose resulting in the housing bust.  But, the recent decline in home inventory will hopefully help stabilize the South Florida and Parkland real estate market in the coming months and into 2012.  Also, with the decline of homes available, investors are now jumping back into the real estate market and purchasing condos and other investment properties.  I also believe that the recent drop in the stock market has caused investors currently to look at real estate as the best investment option.

Last week, the Florida Association of Realtors announced that Broward and Palm Beach County home sales have been up for every month this year as compared to 2010.  We can expect more inventory to come on the market in the coming months as banks are already releasing more of their foreclosure inventory.  But, with the reduction of inventory and record low mortgage interest rates, I forsee a favorable settling of the Parkland and South Florida real estate market by next year.

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.

Related Posts:
Should I Wait To Buy A Parkland or South Florida Home?
Ironic But It Is The Best Time To Sell Or Buy A Parkland Real Estate Home
32 Parkland Florida Homes Sold In July 2011