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The Willard Realty Team Invites You to Another
Double Open House Weekend

Sunday, October 8th  1- 4 P.M.

TownGate - Royal Bay
4 Bed, 3 Bath Model 1126 Home
15578 NW 12th Court​, Pembroke Pines, FL 33028
Offered at: $435,000

 

Pembroke Falls - Majestic Bay
5 Bed, 2.5 Bath Princeton V Model Pool Home
1824 NW 145th Terr, Pembroke Pines, FL 33028
​
Offered at: $499,000

Call THE PEMBROKE Pines EXPERTS: Claudia & Justin Willard
954-745-4735 or 305-332-8330.

We look forward to sharing these homes with you!

 

Are there still tax benefits in buying in this economy?

by Justin Willard

If you are old enough to remember Rowan & Martin's Laugh-In… "You can bet your sweet bippy".Tax Benefits

OK, granted with the fall in the economy and house values dropping as they have done, certain areas of the tax code have become somewhat ineffectual for most people.  However, having said that, consider these points;

  1. The Purchase: Most of your expenses are not deductible with one major exception and that is interest.  The IRS says you can deduct interest in the year that it is paid.  If you purchase on any day other than the 1st of the month, you will be paying some interest.  Look at line 901 on your HUD Statement.  Further, the IRS says that loan discount points and origination fees are tax deductible to the buyer.  And here is the best part – irrespective of who pays!  This one is a real windfall and a bit unusual and unexpected.
  2. Mortgage Interest: Generally, this is deductible and in the beginning of your mortgage, your monthly repayment is largely interest, so this can start to add up over the year.  There is another deduction, but in the current economy, you may find it useful yet it is worthwhile noting for future years.  You can also claim a deduction for interest on an additional $100,000 of mortgage debt used for any purpose.  This is what's know as your Home Equity Loan and I probably don't need to explain to you why this one is a little redundant at the moment, so keep it in the back of your mind for later.
  3. The Sale: Here is the good news – couple's can sell their principal residence and earn up to $500,000 and pay no federal tax whatsoever (single's get $250,000)  And the bad news at the moment, in this economy that is not likely to help many people.  However, in time, as the economy recovers, this is another huge benefit of buying a home.  Most states recognize the federal exclusion, so you put the cash away tax-free.  You don't have to re-invest, you don't have to be age 55, and you can do this every two years forever.

Disclaimer: Please note, this is not meant as Tax or Financial advice and as always you should consult your Tax Professional before making any decisions.

Now that you have some ideas on what income tax advantages there might be for you, let's look at the market update for this month in Towngate.

Currently there are 19 active listings available for you to choose, ranging from very comfortable 3 bedroom homes up to spacious 5 bedroom homes.  On average, these homes are being offered at the $308,500 bracket giving you a $128 / sq ft price.  Knowing this square footage price is a great way to make estimates as a rule of thumb, but we at The Willard Realty Team are always available to help you work out the finer details.

Since January 1st there has been a total of 19 closings with an average sale price of $240,467.  The lowest selling property during this period sold for $165,375 while the top of the market closed at $328,000.  More recently, in the last 30 days, we have seen 7 closings and these have averaged a sale price of $241,071 showing very little movement in prices from the year to date figures.

Get ahead of the crowd - be the first to hear about new listings and sign up for our email service.  Let us do the work for you and keep you informed via email.  You can opt out at any time.  Or perhaps you are thinking of selling.  Then you will want an analysis of your approximate home value delivered direct to your inbox so you can make an informed decision.

Call now on (954) 745-4735 and speak with Justin or Claudia Willard for first hand advice.

Weston Ponzi schemer's luxury items up for auction

by Justin Willard

Hope everyone is enjoying Easter 2011!  After the Easter services and the Egg Hunts with the kids, this little snippet of information might interest you. 

SunSentinel.com reports that Weston swindler Sean N. Healy lived like a rock star, well he did at least for a year.  He went on a spending spree and burnt his way through more than $10 million of ill-gotten money.

How does this interest you I hear you ask?  Well it seems there is a lot more than just homes for sale close to our Towngate community.  Here in Pembroke Pines, in a warehouse, you will find a treasure trove of luxury items, including stacks of Versace china in their original boxes, an impressive collection of signed sports and music memorabilia along with blackjack, craps and roulette tables.

Now that you have found that perfect dream home in Towngate, you might like to pick up a few items to decorate.  Next Wednesday, you could walk away with any one of those luxury items as they are auctioned off to the public.  Attention ladies!  Included in the items being auctioned off are four diamond-encrusted ladies watches designed by socialite Paris Hilton.  Not your style?  Worth a look out of curiosity perhaps.

The auction will be held 10 a.m. Wednesday at Moecker Auctions, 6861 SW 196th Ave., Suite 201, Pembroke Pines.  Items can be inspected at that location from 10 a.m. to 3 p.m. on Tuesday and after 9 a.m. on the day of the auction.  Bids also will be accepted online.  Anyone interested can contact Moecker Auctions at 954-252-2887.

So before you spend all your money, let's review what the market has been doing for Towngate, Florida homes.

Presently we have 28 active listings ranging in size from 3 to 5 bedrooms.  The average listing price is an affordable $276,679.  And for you bargain hunters out there, several listing have had a reduction in their listing price.  On average, we have seen a fall of 9.6% with two properties going against the tide with large increases in listing price.

Looking at the year to date sales we see a total closings of 11 properties with 3 of those being in the last 30 days.

Compare this to last month's market update and you will notice the number of active listings has increased and the average listing price has fallen.

Do you have any questions or comments?  Come and join the conversation and 'like' our fan page on Facebook or follow us on Twitter.

Or, you can always contact Claudia Willard directly.

Call now - 954.745.4735

Be among the first to know when new homes hit the market!

Towngate Home For Sale

by Justin Willard

Towngate Short Sale

Just Listed!  Towngate - 4 Bedroom, 2 Bath, Classic Model 1134 Home in the Canary Bay Subdivision of Towngate in Pembroke Pines, Florida.  This home features a single story design, open floor plan, upgraded kitchen with maple wood cabinets, stainless steel appliances, tile throughout and much more.  The home is situated on a large 8,326 square foot fenced corner lot.  The community of Canary Bay is a gated subdivision and has a community pool located just outside the gate. 

Be the first to see this new listing and get your offer in early. Priced at $240,000 this home will sell fast!

Call Claudia Willard today at 954-745-4735 to schedule your private showing.

Visit our Towngate web page for addition information on the community as well as down-loadable floor plans and to view the Towngate community profile and site map.

Spring Break 2011

by Justin Willard

Aside from spring, of course, when is spring break?

Spring break actually starts for some schools in mid February and starts as late as the second week in April for a few, but most schools take spring break in March.  So -- if asking, "When is spring break 2011?" do ya actually want to know when the big weeks are?  Answer: March 7-18 (especially March 14-18), 2011.

You might find that Towngate is not going to be the epicenter of Spring break 2011, but if you are a homeowner looking to sell or if you are looking for your dream home, we would love to work with you.   Meet just one of our satisfied homeowners and hear what they have to say.

Here is a snapshot of market information in Towngate.

There are currently 23 active listings and if you are looking for a bargain, 10 of these listings have had price reductions of an average of 9.6%.  Don't wait too long though.  These will likely go quickly.

Since the beginning of this year, 6 properties have SOLD with 4 of them being waterfront homes.

Do you have any questions or comments?  Come and join the conversation and 'like' our fan page on Facebook or follow us on Twitter.

 Or, you can always contact Claudia Willard directly.

Call now - 954.745.4735

Be among the first to know when new homes hit the market!

Real Estate Activity Update for Towngate

by Justin Willard

Towngate in Pembroke Pines, Florida offers all the benefits of private community living without giving up the amenities of larger city life. Fourteen subdivisions create Towngate with generously wide sidewalks and four individual community playgrounds and pools.

 

 

Active Listings

  • 28 Active Click to view active listings.
  • List prices between $185,000 and $410,000
  • Sixteen 3-bed and twelve 4-bed homes available
  • Square foot ranges from 1,680 to 3,059
  • Various styles from 1 story to 2 story with two Mediterranean style homes noted. Click to see floor plans.

Sold Listings

  • 3 sold between January 1st and present
  • Average sale price $262,933
  • Average bedrooms 4 baths 2
  • Average price per sq ft $109
  • Average days on the market 52

To check on the availability of any Towngate home, contact Claudia Willard today at 954.745.4735 or email mailto:info@willardrealtyteam.com  or if you would like to sell your Towngate home. We are Towngate experts and pride ourselves on knowing the inside information about this community. We also provide FREE Home Values for Towngate.

Click here to be among the first to know when new homes hit the market in Towngate.

Displaying blog entries 1-6 of 6

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