Parkland Parrot

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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Lack Of Good Listings For Sale In Parkland Florida

We are flattered to hear that many of our readers are using our website ParklandParrot.com as their ultimate source to search for available Parkland homes as well as to locate information on Parkland schools, businesses, parks and recreation, and so much more.  As of late, many readers are inquiring about purchasing a home in the City of Parkland.

Currently, I am working with a few different families looking for the perfect Parkland home in various price ranges.  Unfortunately for buyers, there has been a lack of overall inventory in the City of Parkland.  Parkland is certainly a strong real estate market with less distressed properties (bank foreclosures and short sales) than other neighboring cities such as Coconut Creek and Coral Springs.  Also, there is a lack of move-in-ready homes in Parkland.

As a result, if you are thinking about putting your home on the market for sale, then now is the perfect time.  There are buyers anxiously awaiting to purchase a home just like yours!  Our inventory is low, and buyers are willing to pull the triggers on purchases in our 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 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.

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Parkland Florida Restaurant – Pizza Time Caffe

Pizza Time Caffe – Favorite Pizza Stops For Residents In Parkland, Florida

If you are looking for great New York style pizza, then look no further than Pizza Time Caffe in the heart of Parkland, Florida.  Pizza Time Caffe is on most popular restaurants in all of Parkland because of its genuine Italian food.

Pizza Time Caffe offers its customers great atmosphere and an amazing staff that will cater to your special order.  Pizza Time is also a popular spot for the entire family or for even for a night out for just two.  Pizza Time also delivers and offers takeout.  The restaurant also offers affordable lunch specials which will truly leave you tasting a piece of Italy.  They offer a vast array of made to order menu items.  Pizza Time Caffe has received raved reviews from the Sun-Sentinel and other media

For more information, please visit Pizza Time Caffe’s Website

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.

If I Sell My Parkland Florida Home – How Much Money Will I Net?

Selling My Parkland Florida Home – Now How Much Do I Net At Closing?

Are you considering putting your home on the market for sale?  When interviewing the right agent for the job of marketing and selling your home, it is imperative to ask the Realtor to provide you with a written seller net sheet.  Before enlisting the services of a local Realtor, make sure that your real estate professional goes over all of your selling fees.

Remember, you will have more seller fees besides paying a commission.  Below, please find an example of a seller net sheet with conservative fees that will be paid at closing for a real estate transaction in Parkland or Broward County, Florida:

Contract Sales Price:  $500,000 (Remember, your asking price could very well not be your ultimate sales price)
Estimated First & Second Mortgage Balance: $250,000 (Remember, look on your last mortgage statement or ask your bank for an estopel letter with your exact fees on your closing date)
Attorney & Document Preparation:  $750.00
Abstract Fee:  $250.00
State Document Stamps On The Deed:  $3,500 (0.007 X The Sales Price)
Broker Professional Fee:  $30,000 (6% – 3% to the listing agent / 3% to to the selling agent)
Association Payoff Fee:  $200 (If you live in a Homeowner’s association, you will be charged this fee to show you are paid up on your HOA dues).

Total Estimated Costs:  $316,200

Estimated Net Proceeds to Seller:  $183,800 ($500,000 Sales Price Minus $316,200 Fees)

Also, you pay your taxes in the rears, so you will be responsible to pay property taxes from January 1st to the day of closing.  You will also be responsible to pay your homeowner dues for the time that you live in your house until the day of closing.  After closing, the new buyers will pay the taxes, homeowner association dues, as well as their own homeowner’s insurance.

It is important that you are not left in the dark when it comes to the fees that you will pay at closing.  Make sure to ask for a seller net sheet at the listing appointment, so if you have any questions or concerns, you can have them answered at that time and not be upset at the 11th hour before your closing. Don’t be left in the dark!

You do not have to look far, as our team would love the opportunity of earning your business and trust.  Please visit Our Client Testimonials page and see what our recent clients are saying about our sales team. Please give us a a call at: 954-609-0591 or contact us .  Know your neighborhood.  Know the value.  Know your hometown agents:  The Parkland Parrot Real Estate Team.

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Calling All Parkland Home Buyers and Home Sellers – NOW Is The Time To Make A Move!

It has become a daily question from potential clients as to when is really the best time to sell or buy real estate.  We certainly do not have a crystal ball, or I would not be selling real estate.  Instead, I would sipping on a margarita on a tropical beach somewhere in the Caribbean.  But, we do go by numbers and realistic market expectations.

The Sun-Sentinel reported earlier today that, “Sales of existing homes in Broward County hit 1,142, up 6 percent from a year ago. It was the third consecutive month that the [Broward County] eclipsed 1,100 sales.”  Buyers are taking advantage of both record low mortgage interest rates and low price points.  But, we are telling are clients that mortgage interest rates will increase in the coming months and into next year making now the best time to pull the trigger on a home purchase.

Sellers also need to be aware that now is the right time to put their homes on the market for sale.  Unfortunately, with good news also comes bad news.  The same Sentinel article also announced that homes prices have continued to decline. Broward County’s median’s price was $188,500, which is down 17 percent from a year ago.  Also, most experts concur that prices will decline, but not as drastically as they have in the past years.  As a result, sellers can put more money in their pockets if they sell NOW instead of waiting!  Time is of the essence.  But, banks and lending institutions are seeing the same statistics of less available homes for sale and will soon start putting their bank foreclosure inventory on the market.

Buyers also need to be aware that even though home prices are expected to decrease, overall monthly home costs will certainly increase as well.  Mortgage interest rates, along with property insurance, are on the rise making it harder in the future for buyers to qualify to purchase new homes.

Bottom Line: No matter if you are looking to buy or sell real estate in Parkland or South Florida, NOW is the time to make a move!  Even better, if you are looking to sell and then buy, you are in the driver’s seat!

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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