Parkland Parrot

5 Reasons To Sell Your Parkland Florida Home Now

If you been pondering the thought of making a move in the next year, now could be the best time to list and sell your Parkland or South Florida real estate home rather than waiting another year or more.  Below, please find Parkland real estate expert Michael Citron’s five reasons to consider selling now:

1. Ideal Time For Home Exposure: The spring and summer months are typically the best time for buyers looking to purchase a home before the next school year begins.  With the surge of buyer activity, your home will get the best exposure and ultimately offers from motivated buyers ready to pay top market dollar for your home!
2. Competing South Florida Short Sale & Foreclosure Listings: There are less homeowners defaulting on their mortgage payments, which is a good thing.  But, the bad news is that there is a large inventory of shadow foreclosure and short sale listings that will be coming on the market in the next 6 months.  As a result, if you list now instead of later this year, you will have less distressed home listings competing against you.  These distressed properties typically sell for 20-30% less than market value.
3. 6 Months Of Increased Mortgage Interest Rates: Currently, interest rates are again under 5%.  However, an increase of 1/2% has occurred in the past six months.  With every 1/4% increase in interest rates, approximately 250,000 buyers are unable to qualify for mortgages.  As a result, there will be fewer buyers in the near future, as well as a higher mortgage payment for you when you sell and then look to buy a new home.
4. Read the rest of this entry »

Florida Realtors Call For Banks To Negotiate Short Sales Faster

Parkland Realtor Demands Faster Short Sale Negotiating From Banks

This past Friday, Florida Realtors demanded to Congress that lenders and banking institutions must get serious about negotiating and accepting short sales in an expeditious manner in order to help stabilize the Florida and nationwide housing market.

The government tried to implement a federal program that called for lenders to respond to offers on short sale real estate properties in no greater than 10 days.  Unfortunately, lenders have not been able to keep their end of the bargain, as many South Florida and Parkland real estate short sales remain unsold and sitting on the market.  Many Realtors, buyers, and sellers are patiently awaiting answers from bank short sale representatives.

Difference Between Approved & Unapproved Parkland Short Sale Listing For Sale

We get many requests to see short sale listings as well as questions regarding the process.  It is important to understand the difference between an approved and unapproved short sale real estate listing.  An unapproved short sale listing means that the bank has not responded back with a price and terms that the bank or lending institution will take for the home.  There could be missing paperwork not provided by the distressed homeowner, multiple lenders involved, or many other reasons holding up the sales.  Be careful!  Unapproved short sales could take 4-8 months to close.  If you are relocating to Parkland or South Florida and need to move into a new home in just a few months, beware!  You may not have enough time to close and move into your dream home.

An approved short sale is where the bank has performed its broker professional opinion (BPO) and/or appraisal and has agreed in principle to a price and terms that the bank will take for the successful sale of the short sale listing.  If you are interested in purchasing a Parkland or South Florida short sale, it is important to ask your local Realtor to tell you if the short sale listing is approved or unapproved.

Know the neighborhood.  Know the numbers.  Know your hometown agents.  The Parkland Parrot Real Estate Team.  If you are interested in buying 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.

Related Articles:
Parkland Parrot Negotiates Short Sale And Gets Sun Sentinel Notice
Consequences Of Walking Away From Your Parkland Home Mortgage
Florida Courts Require Mediation Before Foreclosing

30 Parkland Florida Homes Sold In April 2011

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

Property Address	Type Of Listing	Community	Price	Beds/Baths	Square Feet
8950 NW 70th Court	Regular Sale	BBB Ranches	$3,500,000	6/6.5	10,480
6113 NW 91st Avenue	Regular Sale	Grand Cypress Estates	$970,000	6/5	5,233
8262 Emerald Avenue	Regular Sale	Parkland Golf & CC	$760,000	6/5.5	4,682
5970 NW 91st Avenue	Regular Sale	Grand Cypress Estates	$685,000	5/3	3,382
6901 Long Leaf Drive	Corporate Owned	Parkland Golf & CC	$639,000	5/3	3,588
6848 NW 110th Way	Regular Sale	Parkland Isles	$600,000	5/3	3,301
12316 NW 80th Place	Regular Sale	Heron Bay – Banyan Isles	$537,500	6/4	3,715
6437 NW 108th Terrace	Regular Sale	Parkland Isles	$528,000	5/3	2,898
9527 Exbury Court	Bank Foreclosure	Parkland Golf & CC	$498,000	4/3.5	3,700
11065 NW 79th Place	Regular Sale	Heron Bay- The Glen	$485,000	5/3	2,966
6562 NW 72nd Place	Regular Sale	Ternbridge	$475,000	4/2	2,636
7492 NW 110th Drive	Regular Sale	Parkland Reserve	$470,000	5/4	3,302
10734 NW 80th Circle	Regular Sale	Heron Bay – Creekside	$470,000	4/3	3,064
8012 NW 123rd Terrace	Regular Sale	Heron Bay – Banyan Isles	$453,000	4/2.5	2,671
7120 Long Leaf Drive	Short Sale	Parkland Golf & CC	$450,000	5/3.5	3,219
6827 NW 110th Way	Bank Foreclosure	Parkland Isles	$450,000	5/3.5	3,053
6390 NW 62nd Terrace	Regular Sale	Pine Tree Estates	$440,000	4/3	2,442
12680 NW 78th Manor	Regular Sale	Heron Bay – Heron Cove	$430,000	5/3	2,684
9561 Eden Manor	Bank Foreclosure	Parkland Golf & CC	$425,000	4/3.5	4,121
10835 NW 83rd Court	Regular Sale	Heron Bay – Creekside	$419,000	4/3	2,601
10151 NW 59th Drive	Regular Sale	The Landings	$415,000	4/2	1,936
7210 NW 115th Way	Short Sale	Heron Bay – Bay Cove	$400,000	4/3	2,684
9497 Satin Leaf Place	Short Sale	Parkland Golf & CC	$389,000	3/3	2,505
7119 NW 113th Avenue	Regular Sale	Parkland Isles	$387,500	4/3	2,493
7183 NW 116th Way	Regular Sale	Heron Bay – Bay Cove	$347,000	3/2.5	2,196
6042 NW 73rd Court	Regular Sale	Parkwood IX	$317,000	4/2	2,487
6655 NW 113th Way	Regular Sale	Parkland Isles	$314,500	3/2	1,997
6450 NW 110th Avenue	Regular Sale	Parkland Isles	$287,500	3/2	1,977
12420 NW 81st Street	Bank Foreclosure	Heron Bay – Banyan Isles	$235,000	4/3	2,866

There were 30 total single family sales for the month of April, 2011 ranging in price from $235,000 to $3,500,000. Last month, there were 29 total single family home sales. There was one less Parkland single family homes sold in the month of March, 2011 than in April, 2011. Among the April sales, only 8 were distressed sales (bank foreclosures, short sales, or corporate owned properties).  It’s good to see that only 27% of the sales were distressed ones.  But, banks and lending institutions are expected to start releasing their foreclosure inventory in the coming weeks and months.  We will certainly keep an eye on this and provide you with the most up-to-date news and information.

Also, we have definitely seen an increase in buyer activity in Parkland, Florida.   Many families are looking to make a move to Parkland during the Summer months.  As a result, new residents can send their children to the Parkland camps and get better acclimated to the Parkland Lifestyle before the school years starts.

With bank foreclosure inventory expected to increase, it may be the perfect time to list your home for sale.  Currently, there are many qualified buyers anxiously trying to move into Parkland, Florida before the next school year.  Interest rates are also again back under 5%.  Your home may be worth more than you think.  Call us today at: 954-609-0591 for your customized market analysis and unique marketing plan.  Allow our expert service to work for you!

Every month on our website, we publish all of the Parkland residential single family home sales. We know the importance of staying on top of the market and being aware of all of the sales. If you would like to see home sales in the past months, please click here.

We know the numbers, we analyze the market, our clients make better decisions. If you are interested in buying 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.

Tainted Chinese Drywall Builder WCI Gets Approval To Build Parkland Heron Bay Homes

WCI Communities Gets Parkland City Approval To Finish Building In Heron Bay

The Parkland City Commission voted last Thursday night by a 3-1 vote to permit Bonita Springs-based builder, WCI, to commence building 196 homes on the land that it owns in Parkland’s Heron Bay community

Our team was present during these council meetings and could definitely feel the frustration in the air.  In particular, a former Heron Bay homeowner, John Willis, led the charge in making a valiant claim to deny WCI the right to build.  Mr. Willis, and other concerned homeowners, presented evidence that WCI executives were aware about the tainted Chinese Drywall that was being put in their homes, but instead decided not to inform buyers in order to sell more houses.

But, WCI came prepared with their attorneys and argued that the City of Parkland did not have the legal right to deny them the bid to build the 196 homes because of Chinese Drywall issues.  The city commissioners heard other disgruntled residents state their claims.  But, in the end, the city approved WCI’s bid, because they did not want to be sued by WCI.  Parkland Mayor Michael Udine was quoted in the Sun Sentinel recently as saying, “I’m in agreement with how they (the Parkland residents) feel. Our hands were completely tied. We had to do this by law.”

Earlier this month, I wrote an article that received a lot of attention from our readers entitled, Should Builder WCI Be Allowed To Finish Parkland Heron Bay Community? Remember, WCI filed bankruptcy in 2008 and has never fixed any homes with Chinese Drywall.  Unlike WCI, builder Toll Brothers, who recently bought and took over the Parkland Golf & Country Club project from WCI, has already purchased dozens of homes in the community with Chinese Drywall and is totally re-mediating them to resell.  Many upset homeowners are angered how WCI has turned a blind eye towards their handling, or lack of handling, of homes with Chinese Drywall in Heron Bay, Parkland Golf & Country Club, and other Florida communities.

These homes must be built.  Having them stay vacant will only hurt Heron Bay and the overall Parkland real estate market in the long run.  But, it will be difficult to break the stigma that is associated with WCI as being a Chinese Drywall builder that cares more about money and their business than their residents.  How as real estate professionals am I supposed to sell the great features and benefits of Heron Bay to new perspective homeowners without being honest to my own personal concerns of how WCI has publically and privately handled the Chinese Drywall issues in Parkland?  I really hope that actions speak louder than words and that WCI builds 196 amazing homes in Heron Bay and goes above and beyond the call of duty for all residents to be 100% satisifed before, during, and after the building process!

We know the numbers, we analyze the market, our clients make better decisions. If you are interested in buying 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 Parrot Team Sponsors Annual Egg Hunt Event This Saturday

Calling All Parkland Residents – This Saturday Annual City’s Egg Hunt Event

The City of Parkland invites all its Parkland residents to their annual Egg Hunt Event held at the Terramar Park this Saturday April 23rd The event starts at 9:00 A.M. and ends at 12:00 PM. The Parkland Parrot Real Estate Team is proud to sponsor this special event two years in a row. Even though the registration for the egg hunt is already closed, attendees may still enjoy many other activities offered by the city and the sponsors.

This year we are going to have Free Air Brush Tattoos for attendees as well as gift baskets which will be raffled at the end of the event. The city will be providing egg bags for kids to participate in the Egg Hunt. There is already 450 kids registered for the event, and there will be over 15,000 eggs available for participants who are already registered with the city for the event. Bring your kids! There will be many other activities like bounce houses, a petting zoo and a picture area for those who want a picture with the Parkland Bunny.

We would like to again thank the City of Parkland and specifically Colleen O’Dea for allowing us to sponsor the event this year along with our friends from Parkside Health & Wellness Center. We look forward to sponsoring more upcoming Parkland city events and continuing our support and involvement in the Parkland community.

We know the numbers, we analyze the market, our clients make better decisions. If you are interested in selling or buying a home 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.