Teri Arbogast is selling homes in Davie, Cooper City, and Weston!
A RECORD-BREAKING sale in Grove Creek Ranches in Davie! Teri sold a beautiful 4/4 home with a separate 480-sf guest house for $1,850,000! Sitting on a private corner acre, this home has everything from an elegant foyer entry and marble flooring to large bedrooms, an office, a cabana bath, and a guest house. This home is close to great shopping, restaurants, and beautiful Broward County Parks. If you are looking for a home similar to this home in Davie, contact Teri Arbogast today!
A Corta Bella single level Chapala in beautiful Monterra SOLD for $1,230,000!! This upgraded home boasts elegance and luxury with 12ft ceilings and beautiful Saturnia marble flooring. The private, tranquil water, pool and nature views make this home unique. Monterra is a gated community in Cooper City with a resort style clubhouse and pool, tennis courts, an exercise room and much more. The Cooper City schools are also highly desirable! If you are looking for a home similar to this home in Cooper City, contact Teri Arbogast today!
Who doesn’t love Weston Florida? This highly upgraded 2/2.5 townhome in the San Messina community, sold for $485,000! Immaculate, bright, open and airy adds to the sophistication of this townhome. The kitchen has solid wood cabinetry with granite counters and beautiful flooring throughout. The San Messina community amenities includes a resort style swimming pool, children’s playground, and a sandy beach volleyball court. Weston is also zoned for the most sought after schools. If you are looking for a home similar to this townhome in Weston, contact Teri Arbogast today!
Davie, Cooper City and Weston are all close to great schools, colleges, shopping, dining and great parks.
If you are you interested in homes in the Davie, Cooper City or Weston areas contact Teri Arbogast today. Do you have a home you would like to sell in the Broward County area? Teri Arbogast can help with that too. Teri will be able to help you find the value of your home and price it just right!
Whether you are looking to buy or sell a home Teri Arbogast and her team promise to work hard for you!
A Davie Lake Estates home SELL$ for $800,000!! This beautiful and upgraded home has it all! From an open floor plan with split bedrooms to a new roof and sparkling swimming pool. When you step outside, you will step out to a true South Florida paradise. It is complete with a covered screened patio and a breathtaking water view. The yard is fenced with plenty of room for a garden or children to play. Outside of the fence, there is a dock at the lake where you can fish or just sit and enjoy the sunset at the end of a long day.
The Broward County public schools that children living in this Davie home will attend are Silver Ridge Elementary School, Pioneer Middle School and Cooper City High School. There are also great private schools and great colleges in the area. Nova Southeastern, Broward College, and Florida Atlantic University just to name a few.
The new homeowners will have plenty of options as far as shopping and dining go. Davie Lake Estates is close to The Tower Shops, which has a variety of dining and shopping options. Some of Davie’s most beautiful parks are also close by including Tree Tops Park.
If golf is more your style you have many courses to choose from like the Davie Golf Club, and Grande Oaks Golf Club.
If you are interested in a home similar to this Davie Lake Estates home that SOLD for $800,000 contact Teri Arbogast today. Teri will help you find your perfect home. Do you have a home that you would like to sell? Teri can help with that as well and help you find the value of your home and price it just right!
Whether you are looking to buy or sell a home Teri Arbogast and her team promise to work hard for you!
If you own one of the Davie homes for sale, you’re probably feeling good that prices are inching up and sales prices are staying close to asking prices. If you would like to buy a home in Davie or elsewhere in Broward County, you should also be feeling good because mortgage rates keep hitting all-time lows in 2020.
The COVID-19 pandemic hurt a lot of people and businesses, but it also had a big impact on interest rates. If you look at this chart, you’ll see that according to Freddie Mac, interest rates started to fall right around when COVID-19 started to make an impact in the U.S.
On September 10, 2020, the rate for a 30-year fixed mortgage was 2.86%. If you talk to mortgage lenders, they’ll probably tell you that they never thought they’d be quoting rates that low. Keep in mind that not everyone will get a rate reported by organizations like Freddie Mac. You’d need excellent credit and a 20% down payment to get the lowest rate offered on any given day.
A 1% difference in the interest rate does make a difference. For example, if you financed $200,000 on a 30-year fixed mortgage, at 3.5%, your monthly payment would be $898.09. At 4.5%, your payment would go up about $115 per month to $1013.37.
The big difference comes in how much interest you’d pay over the life of the loan. At 3.5%, you’d pay $123,312 and at 4.5%, you’d pay $164,814 in interest over the life of the loan. It’s true that the majority of people don’t live in one house for 30 years. But, if you finance all the homes you purchase at the same or a higher interest rate, you still end up paying at least that higher interest over 30 years.
If your existing mortgage interest rate is high, this might be an excellent time to refinance. For example, if you purchased your home in November 2018, for example, your mortgage rate was more like 5%.
Admittedly, we’re in a unique economic situation. And, in any economy, forecasting what will happen to interest rates is more of an art than a science. Here are some things to consider.
You may think that the best news is that interest rates are heading toward 0% or even negative interest. Some countries have seen negative interest rates, but there are unintended consequences.
It would be exciting if your mortgage had a negative interest rate. That would mean that over the life of the loan, you’d end up paying less than what you borrowed. The same would be true for your car loan and any other loan you get from a bank. But, typically, a country would only use negative interest rates as a last ditch, desperate measure.
Think about the effect of negative interest rates from the savings side of the equation. Rather than interest-bearing accounts, banks would have interest-charging accounts. That means you’d need to pay the bank to hold your money, which isn’t something any of us are accustomed to. The only way you could earn money on your bank funds would be to take out a loan. It sounds like we’d fall down the rabbit hole where everything is the opposite of what it should be!
A negative interest rate strategy could backfire. For example, if banks must pay borrowers for the privilege of giving them a mortgage, the odds are banks will be less likely to give people mortgages, or any type of loan. That could have a devastating effect on our economy. And, rather than paying the bank to hold their money, some people may go back to hoarding their cash under the mattress, which would remove assets from the economy and further stifle lending and economic growth.
This seems the more likely scenario. Of the experts at Bankrate, 9% predict rates will rise, 91% predict rates will stay steady, and no expert thought rates would fall.
The Home Buying Institute also predicts that interest rates would stay low through the first half of 2021. But, keep in mind that all forecasts are just educated guesses.
If you’re thinking of refinancing, you should know that Fannie Mae and Freddie Mac announced that they will apply a .5% fee to most refinances, and experts say that in October, lenders will begin to raise refinance rates to account for the fee.
It’s a crazy time for the country, real estate, and interest rates, but if you work with professional Davie Florida Realtors like those at the Teri Arbogast Team, you’ll get the advice that will help you make informed decisions about your next real estate transaction.
Whether you’re selling or buying in Davie Florida or other County locations, we are ready to help. Take a look at our Google reviews, and you’ll see that our clients have lots of good things to say. We’re very proud of our five-star ratings on Google, Zillow, and other real estate review websites. We’d love to make you our next successful client! Call us at 954-242-8030 or send an email today.
That sounds like an impossible statement to support, but if you’re thinking of selling Davie real estate, keep an open mind as you read this blog post! There are a number of good reasons to sell during the holidays.
Everyone knows that Spring is the time to sell, right? Well, a lot of people believe that, and it causes a large number of homes to come on the market in a very short period of time. As a seller, that means that you’ll be competing with lots of other homes in your area. During the holidays, your home will stand out much better.
The holidays are a busy time. If someone is looking for a new home, it means that they’re not just out looking at homes for the fun of it. Some buyers may be looking for tax advantages by purchasing a home before year-end. In addition, people who are relocating for a job often need to be in place at the first of the year. And, people relocating are very serious because they’re up against a definite deadline for their move.
The holidays, regardless of which one you’re celebrating, generally bring out the good in people. It’s a warm and fuzzy time of the year. And, since emotion plays a big role in the home buying process, buyers can be more likely to want to “nest.”
You can also take advantage of the part that emotion plays in home buying because your home looks wonderful and reminds people of family and friends gathering together. Don’t let your holiday decorations overwhelm your rooms, but low-key reminders of the season can help.
Traffic on real estate websites increases significantly during the holidays. People have more time to spend online, so make sure your home is well represented on the Internet.
Redfin did a study of over one million home sales and discovered some interesting facts. When homes were listed from December 21 through March 21, they had:
These aren’t hard and fast rules, but they go a long way toward dispelling the myth that the Spring is the best time to sell.
If you’re traveling over the holidays, you have no problem with showing your home. But, even if you’re staying at home, you can set boundaries to ensure that your family enjoys the holiday as much as everyone else. Normally, setting restrictions on showing a home isn’t tolerated very well by buyers. During the holidays, it’s much easier to set showing times and black out dates because everyone understands the problem.
If you’re ready to sell, hopefully this information has been helpful. If you’d rather not wait until Spring, the local Davie real estate experts on Teri’s Real Estate Team can help you capitalize on the season. Just call us at 954-242-8030 or send an email!
Davie real estate is attractive to home buyers and sellers for many reasons, including the location, the beauty, the amenities, the shopping, the community vibe and more. If you love everything about Davie, and you’re a golfer, you’re in luck. From outstanding public courses to upscale country club environments, there are plenty of golfing opportunities close to home.
If you’re looking for a private golf club in Davie, Grande Oaks may be for you. The club offers a Raymond Floyd-designed 18-hole Championship course, a 40-acre practice area and a newly renovated clubhouse.
If you’re a fan of the film Caddyshack, you might recognize some of the grounds since the movie was filmed here. The movie was made at a time when Grande Oaks was known as Rolling Hills Country Club, one of South Florida’s first, best and most notable golf courses.
Today the club is owned by Nova Southeastern University. The University is dedicated to preserving the charming legacy handed down from Rolling Hills, while maintaining the close-knit golfing community and uncompromising quality.
Davie Golf and Country Club is the only public course in Davie, and is in fact, owned by the Town of Davie. Many improvements were made during 2016, including re-sodding the fairways, tee boxes and the practice range. The staff is called Ambassadors of Fun, and they work hard to create entertaining and friendly experiences for all golfers. You’ll find rolling fairways and tiered greens that give players at all levels a challenge. The design eliminates the boredom of a flat landscape.
Another innovation is the Quick Golf service, which lets golfers fit a few holes into their busy schedules. Using a smartphone app, you can sign up and pay for only as many holes as you have time to play.
The Jacaranda Golf Club is a semi-private golf facility that has hosted many PGA, USGA and FSGA Championship events. Public golfers love the luxury, and you can join the community with a variety of memberships.
You’ll have the choice of two courses. The East Course is designed with evenly placed tee boxes to accommodate all levels of players, and generous fairways. The West Course is a championship layout with plenty of opportunity for exercising your mental and physical game.
The city of Plantation owns the semi-private Plantation Preserve Golf Course & Club. The Championship golf course offers challenges for beginners and seasoned pros. The facility is located where the Plantation Golf Club established its reputation, and the grounds are as beautiful as ever.
The clubhouse offers amazing views with a dining room that serves lunch daily, and an outside terrace where you can relax at the end of a round or two. With a fully-stocked pro shop, you’ll find everything you need to prepare you for adult golf lessons or junior clinics.
The Fort Lauderdale Country Club has the distinction of being the oldest private country club in Broward County, having been established in 1926. The Club offers 36 holes of Championship Golf in a park-like setting where the fairways are lined with trees and flowerbeds.
The clubhouse sponsors regular social events, and offers formal dining and casual dining both inside and outside. It’s also an excellent place to host your own event with expert catering.
The Club at Emerald Hills is a semi-private golf course and club that offers award-winning championship play. The practice facilities at the Club feature two well-maintained putting greens, chipping and pitching area and a full-length driving range. In addition, you’ll find the best brand name equipment in the Pro Shop. The clubhouse includes fitness equipment, locker rooms and an excellent place for a meal after a day of golf.
If you’re thinking about buying or selling Davie real estate, the top Davie REALTORS® on the Teri Arbogast Team can provide you with all the local real estate market information you need to make informed choices. Just give us a call at 954-242-8030 or contact us online. And, if golf isn’t your passion, we can help you find the right home for your lifestyle!
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Everyone knows that interest rates have been creeping higher. The question is whether you need to change your home buying plans because of it. There are a variety of factors to consider when you’re looking at the Davie real estate market, as you will see below.
All of the coverage in the media about interest rate increases – whether they have increased, or might increase, or will increase – can tend to make you feel as if buying at a higher interest rate will break your budget. You need to do some math to determine what the impact of increased interest rates will be.
Here’s an example. Let’s say you’re financing $200,000. Your monthly payment for the mortgage itself would increase by approximately $60 per month for every half-point increase.
At 4.5 percent, you’d pay around $60 per month more than at 4 percent. At 5 percent, you’d be paying $60 more per month than at 4.5 percent. If a difference of $60 per month makes it impossible for you to purchase, you’re probably overextending yourself in the first place.
Also, keep in mind that interest rates don’t typically increase in half-point increments. For example, in December, mortgage interest rates went from 4.13 percent to 4.16 percent during one change. In addition, rates have stayed under 5 percent for the past 10 years. We have a long way to go before we get close to an average rate.
The possibility also exists that homes will appreciate at a slower pace than we saw last year. While we’re currently in a seller’s market, the supply of homes on the market is low, and rising interest rates will scare some buyers out of the market.
Buying in a seller’s market has a strategy all its own. It isn’t necessarily more difficult to buy, but you need to use the right strategy. In a seller’s market, sellers can be more particular about the buyers they deal with. Sellers want buyers who can prove their ability to close a deal. Sellers can also be less likely to negotiate on price because buyers are plentiful.
If you’re buying in a seller’s market, make yourself a prime catch for any seller.
It doesn’t matter if you’re a first-time Davie real estate buyer or looking to buy a Davie luxury home, you’ll get the best outcome if you work with a top Davie REALTOR®. The agents on Teri’s real estate team are local real estate experts and can help you navigate the ins and outs of the Davie real estate market. Call us at 954-242-8030 or contact us online.
It’s true that Davie real estate offers homes that range from lovely to breathtaking. The schools are top-rated and the natural beauty is second to none. Taking advantage of the Florida sunshine is easy with miles of walking and horse trails. But that’s not all. Davie also offers something a dedicated shopper will stay up nights dreaming about: Sawgrass Mills Outlet Mall.
Sawgrass Mills is so large that it is divided into three sections: Fashion Avenue, The Oasis and the Colonnade. It truly has something for everyone. It’s a shopper’s dream, whether you’re looking for upscale clothing stores or great deals on electronics. However, make sure to wear your most comfortable shoes. The mall covers over 2 million square feet.
Fashion Avenue boasts over 350 stores in an enclosed, air-conditioned and climate controlled facility. Stores range from Forever 21 to Nine West to the Vera Bradley Outlet. You’ll also find anchor stores, including Brandsmart USA, Target, Burlington, Marshall’s, Neiman Marcus Last Call and Dick’s Sporting Goods.
The Oasis is an outdoor shopping area at Sawgrass Mills that has undergone a recent renovation. The updated design gives you the feeling of strolling down the streets of a small town. There are gathering spaces, places to sit and people watch and a valet drop-off area.
Stores in the Oasis include Nordstrom Rack, Old Navy Outlet, Rockport Outlet and many more. If you’re looking for dinner and a movie, you could stop into the California Pizza Kitchen or the Cheesecake Factory, and then it’s just a short walk to the Sawgrass 23 Stadium and IMAX Theater.
Right beside the main enclosed portion of mall, you’ll find the open-air promenade known as the Colonnade Outlets at Sawgrass Mills. With more than 60 shops, you’ll be surrounded by virtually any brand you can name. These are just a few of the shops you can explore: Burberry, Tory Burch, Jjimmy Choo, Saint Laurent, Michael Kors, Marc Jacobs, Kate Space, Brunello Cucinelli, Mont Blanc, Versace and Roberto Cavalli.
Getting to the Colonnade is even easier with the addition of a parking deck. Valet parking will let you save your energy for finding that perfect pair of shoes or a suit or gown, or all three! When it’s time to refresh and refuel, stop by the Grand Lux Café, Paul Maison de Qualite or one of the other delightful dining options the Colonnade has in store.
For more information about Sawgrass, review the Sawgrass Mills Mall map or search for your favorite store. And, if you’re looking for an amazing deal, stay up-to-date with the list of “deals and steals.”
Shopping is just one more thing that makes Davie real estate so popular. Whether you’re looking at Davie FL homes for sale, or you’re planning to sell your Davie home, make sure you work with a top Davie REALTOR®. Contact us at 954-242-8030 or online.
Top Davie REALTORS® will tell you that selling luxury homes is a bit different than selling mid-range homes. The homes are larger, the prices are higher and the number of potential buyers is smaller. Make sure your luxury home sells in the shortest possible time at the right market value price using the tips below.
Selling a luxury home takes time, so plan on being patient. Not only are there fewer buyers in the luxury range, but the buyers are often more particular. When a Davie homebuyer is making the kind of investment required to buy a luxury home, they are more likely to wait until they find the perfect one.
Luxury homes are all about lifestyle; it’s not a matter of whether there are one or two bathrooms. Luxury homebuyers are looking for the location and amenities that fit their lifestyle. Therefore, start your marketing by thinking about the type of buyer who would love your home.
Certainly, your perfect buyer needs to have the financial resources to purchase your home. After that, however, what’s different about your home that would attract a specific type of buyer?
Do you have a large theater room that would attract someone who loves movies or who has children that do? Are you in an outlying neighborhood where you can walk to fine restaurants and shopping? Perhaps your home will attract those who want to live in a walkable neighborhood without being in an urban setting.
Once you’ve identified the type of buyer you’re looking for, your marketing campaign can focus on highlighting the features of your home that will be most in demand and set you apart from your competition.
You may think that your home is perfect, but the odds are you still need to do some things to make your home show at its best. You want buyers to walk through your home and imagine themselves living there. If you have wallpaper that you love, but might be considered too colorful for many people’s taste, replace it with neutral paint. If you have photos of five generations of your family in a collage in the family room, replace them with family-neutral wall decorations.
Sometimes, it’s difficult for homeowners to make the kind of changes that will bring them top dollar. Just keep remembering that you won’t be living in the home. It doesn’t matter if it looks a bit too sterile for your taste.
Luxury home marketing is usually very targeted. Mass marketing tools such as open houses may not be the approach you want to take for a number of reasons.
Before you jump into holding open houses, decide what your objective is and determine how effective the open house will be at helping you meet it.
As with all homes, setting the right sales price when your home first hits the market is crucial. Some people think you should set your price high at the beginning because they don’t want to leave any money on the table, and because they know they can always reduce the price over time.
The truth is that homes that are overpriced at the beginning usually sell below market value. Obtain a home valuation from a respected Davie REALTOR®. Armed with that information, you can set your sales price at a fair market value and realize a higher profit on the sale.
Marketing a luxury home requires attention to detail. For example, hire a professional to take the photographs of the home, and have videos produced professionally.
Internet marketing is an important part of selling real estate. In addition to listing your home on the MLS, it should be visible on social media sites and websites that specialize in showing homes for sale.
Networking is another critical part of a marketing plan, especially for a luxury home. Since there is a smaller pool of potential homebuyers, the odds are that Davie REALTORS® know people who are looking in the luxury range, or they know other REALTORS® who do. Don’t underestimate the Davie area’s “hidden real estate market.”
Selling a luxury home in Davie can be a very rewarding experience, especially when you have a top Davie REALTOR® working with you. Choose a REALTOR® who knows the luxury market, someone who is good at setting a fair market price the first time. It’s also helpful if the agent is well known and has a large network they can access to promote your home.
If you’re thinking of selling in Davie or any of the surrounding areas, consider the experts on Teri’s Real Estate Team for personal, professional and effective assistance. Contact us at 954-242-8030 or online.
The end of February has been an important time in Davie for 80 years. The Orange Blossom Festival is often consider the star of the festivals that are held each year in South Florida. This year’s celebration will build on that reputation.
The Festival is a celebration of the rich heritage of Davie and Broward County. Florida’s governor, Napoleon Broward, convinced the legislature to drain some of the Everglades in the early 1900s. Settlers flocked to the area to take advantage of the fertile soil, and established homesteads where they grew vegetables, raised cattle and planted orange groves.
There aren’t as many orange groves today as there were when the land was first settled, but the celebration continues. In fact, the festival has come a long way. In 1937, local farmers set up a picnic area with fruit stands, and invited all their neighbors to join them in honoring a bountiful harvest. A rodeo was added to the festival in the 1940s in recognition of the growth in cattle ranches.
Davie continues to honor its historic roots by organizing a weekend of free fun that attracts kids of all ages from far and near. Mark your calendars for the last weekend in February, starting on Friday, the 24th.
The Golf Classic is held in honor of James B. Pirtle, Sr. who founded the Pirtle Construction Company. He was committed to giving back to his community and supported a variety of local charities. He and his company also built approximately 100 schools in Broward County.
The Golf Classic kicks-off the Festival on Friday, February 24, 2017. Players of all skill levels and handicaps are invited to participate to compete for prizes and trophies in a 4-player scramble format.
The Old Davie School Historical Museum on Griffin Road will host a classic rock concert starting at 6 p.m. on Friday, February 24th. Bring a chair or blanket to enjoy an evening that offers music, arts and crafts, a petting zoo and more.
The Festival will be located on Orange Drive, and the portion of the road devoted to the Festival will be closed off for the two days. There’s a long list of attractions, some of which include over 250 displays, concerts, a Native American display, “Cowboy Town,” and a place with games and activities for the kids.
The arts and crafts show and fine art show are always great places to find unique gifts for birthdays or even Christmas, if you can plan that far ahead! The Davie Pro Rodeo has won numerous awards and it’s an opportunity to see rodeo professionals at work. The rodeos are scheduled on Saturday and Sunday, and there is an entrance fee.
Local residents and groups are invited to participate in the parade in a number of categories. Awards will be presented at the end of the parade for floats, performances, marching (musical and non-musical), animal and more. If you want to do your own judging, be sure to arrive at the parade route before the 10 a.m. start time!
For additional information on Festival activities, visit the Davie, Florida website.
Davie, Florida is a wonderful place to live and raise a family. Whether you’re just starting to look at Davie homes for sale, or you’re planning to sell your Davie home to move up or scale down, make sure you work with a top Davie REALTOR®. Contact us at 954-242-8030 or online.
Are you an empty-nester thinking of downsizing? As a team of top Davie REALTORS®, we’d be glad to help, but we have some advice for you before you make a move.
Some Davie homeowners who have been through the process think they got so focused on downsizing that they didn’t think through all the issues and made a decision too hastily. Here are some of the things to consider when you decide when and how to downsize.
If you’re ready to downsize, there are lots of things to consider. Here are just a few.
A smaller home doesn’t always cost less. If you decide you want a townhome or condominium that echoes the amenities you have in your existing home, the price could be more than you anticipate. In fact, sometimes the smaller home of your dreams could cost more than the home that you’re selling. You’ll need to decide if you want to pay more and get a mortgage or pay less and close with cash.
A smaller home may require new furniture. Room sizes in a smaller home may make the furniture you own now look out of place. Purchasing new furniture can be an exciting opportunity to update your home’s look and feel. Just make sure to include the cost in your moving budget.
Don’t be afraid. Everyone who downsizes goes through the same process of determining what to keep and what to sell or give away. Many people who downsize balance out the cost of acquiring new furniture and décor by selling items they don’t want to take with them. Consider holding garage sales or sell items on eBay.
However, it’s never a good idea to get rid of family heirlooms – if you won’t have room for them, give them away to other family members who will cherish them as you do.
While no one looks forward to decluttering their lives, it will serve two purposes. You’ll need to declutter your home before you sell it, and you’ll decide what’s really important to you in your new surroundings. Just take it one drawer at a time.
Most people who downsize choose a home that needs less commitment than the home they own, but supports their lifestyle, just in a different way. It’s not necessary to go the “tiny-house” route unless that’s really your heart’s desire.
Townhomes and condominiums are popular choices for downsizing for a number of reasons. Many people love the freedom to travel on a moment’s notice without worrying about who will mow the lawn. And, many communities have security that relieves the homeowners from worrying about leaving their home empty. Others are delighted that they can keep their new home clean with minimal effort.
If you plan to age in place, you may want to eliminate stairs. Many Davie condominiums offer one-level living, or a ranch-style single family home would work, also. Review all the Davie townhomes and condominiums for sale to see what’s available on the market. And, if you’re looking for new construction, there are several new communities. For example, one of the Pembroke Pines communities, the Townhomes at Raintree might be of interest to you.
If you’re considering making a move, feel free to call us at 954-242-8030 or send an email. Our team of experts in Davie homes for sale are ready to help you find just the right home for your needs!