Parkland Parrot

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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5 Parkland Seller Tips To Make Your Home Stand Out In A Foreclosure Market

Calling All Parkland Real Estate Sellers – 5 Tips To Make Your Home Stand Out In Today’s Market!

1. Foreclosures & Short Sales Lurking In Your Neighborhood: According to Zillow.com, more than one out of every five homes sold in the entire United States were bank foreclosures.  In Zillow’s analysis, bank foreclosures typically sell between 18–59% less than comparable homes in the same neighborhood.  Like it or not, regular sellers must consider these bank foreclosure as their major competition.  But how can regular sellers in today’s market make their home stand above the competition, get traffic to the home, and ultimately sell for fair market value?  Below, please find some more helpful suggestions when selling in a foreclosure or short sale dominated market:
2. Advertise The Upgrades & Features: Normally, traditional sales are in much better condition than foreclosures or short sales.  Foreclosures are usually unkempt, stripped of appliances, and possibly in need of significant structural repairs. Also, banks typically sell their listings in “as-is” condition, which means that the buyers will be responsible for the necessary repairs. Before putting your home on the market for sale, it is important to make any necessary repairs, increase the curb appeal, and paint in order to freshen up your home for buyers to see.  As a result, your home will stand above the competition of the foreclosures and short sales competing against you.  Also, these improvements will be showed off in the listing photos and during the showings.
3. Photos, Photos, & More Photos: Most foreclosure and short sale competing listings only have one or a few pictures of the listings.  Make sure to take professional photos of your home.  The Multiple Listing Serivce (MLS) allows up to 16 photos to be included in each home listings, and Realtor.com permits up to 25 photos.  In a market where everyone is visual and is looking online for available homes, it is imperative to make your home show at its best.  Take photos of every features and benefit, so the potential buyers can see a pictorial tour of your home online.
4. Promote A Faster & Seamless Closing: Foreclosures and short sales are notorious for not closing quickly.  There can be delays due to liens on the properties, necessary repairs needed, and a plethora of other title or related issues that can delay the closing dates by weeks or even months.  If it is possible for you to close in 30-60 days, it is important to market that your home is in move-in condition and can close in an expeditious manner.
5. Spruce Up Your Neighborhood: It also important to know that buyers do not just buy a home.  They first buy a neighborhood.  As buyers drive around homes for sale, they will notice if there is other homes that have unkempt lawns and landscaping.  It could turn a buyer off to your home.  As a result, you should offer to cut the neighbors lawn or even the vacant homes in your community.  It will certainly help sell your home.  We had a seller that had two vacant properties next to them.  After agreeing to cut the 2 neighbors’ lawns, the home received an offer in a week and closed in less than 30 days.

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.

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Seller Makes $15,000 More By Using Parkland Parrot Real Estate Team Over By Owner

Thinking about selling your Parkland or South Florida home without a real estate professional?  Are images of yesterday’s real estate market flashing before you?  Well, times have change, and it certainly takes more than just throwing a for sale sign in your front yard in order to sell your home for top market dollar!

The Parkland Parrot Real Estate Team met Mr. & Mrs. Kazner while they were attempting to sell their home on their own.  The Kazners really needed guidance throughout the selling process.  Before listing their home with our team, they had an offer on their home from “supposed” buyers.  Unfortunately, the buyers were not fully qualified, and they were trying to “steal” the home.

Many people do not realize when you sell your home without the services of a real estate professional, you can open your door to non-qualified buyers that may be looking for a steal of a deal!  Investors will also come knocking trying to take advantage of you, because they know you have no representation.  These investors also know that you are not paying a real estate commission and will adjust their offer by 6% or more.

After listing their home, our team was able to have it under contract and sold in less than 60 days for the highest price in the neighborhood.  In fact, the Kazners made an additional $15,000 by using our services than they would selling by owner.

The moral of this true story is that times have changed, and it is essential to list your home with a Realtor that specializes in your neighborhood.    Please read our article: 23 Questions Sellers Must Ask When Interviewing A Realtor to help during your interview process.  Remember, your home is one of your largest financial assets, so seek an expert Realtor for guidance.  Call us today for your complimentary home analysis and customized marketing plan.  Let our full service, aggressive marketing plan for you you!

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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.