Real Estate in Parkland with Lea Plotkin & Rubin Wites

Real Estate in Parkland Florida area: Find your home or vacation home in our MLS/ Multiple Listing Service [click here]

About Parkland:

Parkland Florida is tucked away in the northwest corner of Broward County between Boca Raton and Coral Springs. It is a rare find in the bustling area of South Florida. There are miles of equestrian trails meandering throughout the wooded acreage making it a perfect place for horse enthusiast and trees predominate on land formerly owned by large cattle ranchers. Parkland's residents, however, are anything but country folk. The city boasts A -rated schools and a variety of different types of homes. Homes vary from smaller 3 bedroom models all the way up to multi-million dollar estates located either in prestigious gated communities or on large 1 acre plus lots.

The location is convenient to people working in Miami, Fort Lauderdale or Palm Beach. The Sawgrass Expressway runs along the southern border of the city giving easy access to South Florida's expansive freeway system. Southern Florida beaches are also easily reached within 15 minutes and offer white sands and crystal blue turquoise waters.

Parkland Florida is a highly desirable upscale community in South Florida with a high income per household and a median age in the mid 30's. Many professionals choose to locate here because of the excellent A- rated school system and the commuter friendly location.

With Coral Springs located to the south and Boca Raton located to the north, Parkland offers a large variety of shopping and restaurant choices. Both cities can be reached in an easy 10 minute drive from Parkland. Boca Raton has the Boca Town Center with a Neiman Marcus, Saks Fifth Avenue, Nordstrom, Macy's and every boutique store you can imagine. Coral Springs Mall offers Macy's, Dillard's and many small retailers.

Parkland is a city located in Broward County, Florida where zoning laws are designed to protect the "parklike" character of the city. As of the 2000 census, the city had a total population of 13,835. As of 2004, the population recorded by the U.S. Census Bureau is 20,556.

Parkland Geography:

Parkland is located at 26°18'55"N, 80°14'26"W (26.315357, -80.240444)

According to the United States Census Bureau, the city has a total area of 27.9 km² (10.8 mi²). 26.4 km² (10.2 mi²) of it is land and 1.5 km² (0.6 mi²) of it is water. The total area is 5.38% water.

Parkland Demographics:

As of the census of 2000, there are 13,835 people, 4,349 households, and 3,805 families residing in the city. The population density is 523.7/km² (1,356.7/mi²). There are 4,522 housing units at an average density of 171.2/km² (443.4/mi²). The racial makeup of the city is 91.42% White, 3.07% African American, 0.12% Native American, 3.22% Asian, 0.01% Pacific Islander, 0.93% from other races, and 1.24% from two or more races. 8.33% of the population are Hispanic or Latino of any race.

There are 4,349 households out of which 57.8% have children under the age of 18 living with them, 78.2% are married couples living together, 7.0% have a female householder with no husband present, and 12.5% are non-families. 9.5% of all households are made up of individuals and 1.2% have someone living alone who is 65 years of age or older. The average household size is 3.18 and the average family size is 3.42.

In the city the population is spread out with 35.1% under the age of 18, 4.3% from 18 to 24, 32.8% from 25 to 44, 24.0% from 45 to 64, and 3.8% who are 65 years of age or older. The median age is 36 years. For every 100 females there are 99.0 males. For every 100 females age 18 and over, there are 93.7 males.

The median income for a household in the city is $102,624, and the median income for a family is $108,657. Males have a median income of $73,942 versus $41,425 for females. The per capita income for the city is $41,896. 2.4% of the population and 2.0% of families are below the poverty line. Out of the total population, 3.2% of those under the age of 18 and 0.0% of those 65 and older are living below the poverty line.

Real estate in Parkland Florida area: Find your 2'nd home or vacation home in our MLS/ Multiple Listing Service [click here]

Last month I forecasted an increase in traffic and sales due to the lower interest rates and the change in the State’s property Tax Program, I was half correct. We have seen a drastic increase in the amount of traffic, in all price ranges, what we have not seen yet is the corresponding sales. The media is still full of doom and gloom and most buyers while they have realized that in area we are in that the market is either at the bottom or very near the bottom, they are still hesitant to commit themselves. In today’s market sellers are still taking some sort of offer below their already deflated asking prices, as we hit bottom the difference between asking and selling price will disappear in a very short period of time and the buyers will have lost out.

The market will continue to show signs of improvement through the end of the 2^nd quarter; we should see the bottom by the end of the 3^rd quarter and have a stable market by the 4^th quarter. Any significant price change will not take place till 2009 when prices will be begin to firm up and we will have our first positive market in almost 3 years.

Now on to another topic of interest, “THE SHORT SALE”, a phrase that has become a topic of discussion of late by buyers and sellers alike.

“Short Sale”. What is a short sale? Very simply, a short sale is when a buyer purchases your home and negotiates with your Banks to take LESS than what you owe them. The Banks accept this short payment as “Paid in Full” and that is how the loans will look on your credit report after closing. The foreclosure proceedings stop and you will normally not owe the Banks any money at all after the house is sold. Your credit report will not show the scarlet letter of a foreclosure which can ruin your financial situation for the next 10 years! By almost any measure a completed foreclosure is the most damaging event your credit status can incur – worse than a bankruptcy. A foreclosure on your credit record will negatively impact your ability to borrow money or even rent a house for years.

The key is in knowing HOW to convince the Banks this is a smart business decision.

We have created a Team of experts to help you through the process so that the short sale can be accomplished in the least amount of time, with the least discomfort to you. We have accomplished this without adding additional costs to the seller or buyer. The following are what our team will do for both buyers and sellers to facilitate this process.

· Show you where to find properties that need to be sold with a short sale contract.

· Explain the short sale basic concepts to Seller's, so they know just how a short sale can benefit them.

· Connect you with our network of nationwide investors who buy short sale properties to see if your short sale listing is right for them.

· Give you the language needed to put in every short sale contract which will protect the Seller and the Buyer.

· Work with the Seller to help them understand the short sale process and keep them motivated to sell.

· Gather all of the documentation and disclosures the Banks will need from the Seller to get the short sale contract approved.

· Create a detailed, customized short sale proposal for each of your contracts and submit that proposal to the Banks.

· Negotiate with any lien holders on the property and get them to approve the short sale.

· Negotiate with any Homeowner’s Associations and get them to approve the short sale.

· Work with the title company and any Attorney’s that may be involved in the foreclosure process and get them to approve the short sale.

· Convince the Banks to stop all foreclosure actions while the short sale contract is being reviewed.

· Meet with the appraiser the Banks send to the property and make sure they are fully aware of all of the market conditions, listings and home prices prevalent in the market to insure they come back with a value which supports your short sale contract.

· Use our personal relationships with the loss mitigation specialists at each Bank to get your short sale contract approved as quickly as possible and make sure it doesn't fall to the bottom of the pile.

Lea Plotkin and Rubin Wites are not just Realtors we are business people who happen to be Realtors. Lea has a Masters Degree in fine Art, run a new construction project, Training and IT director for Prudential Wites Realty, before it was sold to Prudential Florida WCI Realty in May of 2000. Rubin has a degree in finance, owned and operated one of the most successful Local Real Estate firms for 20 years before selling it. Together we have developed successful marketing programs that have enabled us to be amongst the top 1% of all Realtors Nation Wide. Today’s market is no different than any other and it requires aggressive marketing plans to enable both the Buyers and the Sellers that we work with to achieve their goals, that is what we excel at and if you would like more information on how we can help you as either a SELLER or BUYER in using the Short Sale process to your Benefit please contact either Lea Plotkin at 954-802-8451 or Rubin Wites at 954-592-6734

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About Parkland:

Parkland Geography:

Parkland Demographics: