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:
DO: Consider selling early in 2012, before foreclosures hit the market
DON’T: Try to attract buyers with cars, cash or most other incentives
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.