Teri Arbogast, PA

Teri Arbogast, a top agent in the Davie Real Estate Market has listed another home in the beautiful, affordable exclusive development of The Ridge on Nob Hill. A former model home, this one is sure to go as quickly as the last 2 Teri listed. 5/2.5 with heated pool and million dollar private lake view, loaded with upgrades.

I've had 3 rentals in Davie over the past few months...all went quickly with several offers. The biggest problem we have had is finding renters with decent credit. Seems most eveyone has poor credit scores from short sale/foreclosures. We all need a place to live and in this economy, credit is hard for many to maintain and tenants need to get creative.

In one of the rentals, in lieu of excellent credit, the renter offered extra month down divided into 6 equal payments over the first 6 months. That worked for the landlord, the tenant moved in on Saturday. Let's keep our fingers crossed.

I have 2 listings in Imagination Farms in Davie Florida. They are extremely well priced 4 bedroom acre homes with pool and lake. Both are offered as "short sales." My phone has not stopped ringing with buyers requesting more information on them.

The gated community of Imagination Farms offers privacy with the acre lots and lake lots. The homes are spacious and most are nicely upgraded. The location is perfect for commuters with easy access to highways, shopping and schools.

Since our market decline, one can now buy in the development for as low as $500,000 to 535,000.

For more information on Imagination Farms in Davie please visit www.TerisRealEstate.com or call me at 954-242-8030

In a previous blog I talked about how Poinciana Parc in Davie and Royal Palm in Davie are popular to many buyers. On Thursday, I closed on a Poinciana Parc Townhome for the asking price of $199,900. I had a contract on the home within 24 hours of taking the listing and while the file was in pending status, I recieved at least 20 calls from my advertising which proves to me buyers are very interested in the area.

I have been selling homes in Poinciana Parc and Royal Palm for 8 years. I've watched as the home prices reached the low $500,000 range with the townhomes selling for up to $350,000. Recently, after the horrific fall in Broward County real estate prices, I saw the largest model home with a pool and upgrades sell in a Short Sale for $250,000 and a townhouse sell for $162,000. The good news for Poinciana Parc is that, although low, the well priced homes in the neighborhood are still selling, and most are selling in as little as 30 days. I am closing on a Poinciana Parc townhome this week. I received a full price offer the first day on the market.

Poinciana Parc and Royal Palm in Davie are both gated communites with easy access to highways and excellent schools. The homes are CBS construction with S-Tile roofs and spacious floor plans, many with pools. Poinciana Parc is guard gated and contains a mix of single family homes and townhomes. The smaller Royal Palm is card gated and consists of 68 single family homes.

I post all active listings in Royal Palm and Poinciana Parc on my website www.TerisRealestate.com