For 2014, Jason Kapit (@JasonKapitFTL) represents the majority of luxury sales in Parkland. He is the Exclusive Broker for Landmark Ranch Estates in Southwest Ranches and maintains offices in Weston and Las Olas.
Jason Kapit focuses exclusively on selling residential properties priced at One Million Dollars and above - in Fort Lauderdale Beach, Las Olas, Landmark Ranch Estates, Southwest Ranches, Parkland & Weston.
SOLD for $1.660.500 (4-4-14)
Fantastic Almeria model (6br/5.5ba+office) in the exclusive Club Estates section of Parkland Golf & CC. Uniquely private residence features spectacular floorplan utilizing Jerusalem stone, hardwoods & granite surfaces. Amenities include gourmet kitchen (Miele coffee system & 2 dishwahers), 14 security cameras with remote access, water filtration system, surround sound & whole-home generator. A resort style exterior spanning over an 1/2 acre, lavish pool, water features, fruit trees & lush foliage complete the offering.
“To be able to sell this non-golf, non-waterfront Parkland Golf & Country Club home for what is now the new high price (last 6 years) for all resale, non-custom homes, is quite a feat. The typical buyer in the community wants the golf view, so the privacy of this home did present a few challenges. Through exceptional marketing and attention to detail, we were able to navigate and find the perfect Buyer. Everyone wins!”
Grateful To Be Part of The Elite Panel of Industry
leaders DaveSeleski@StonegateBank, RickBell@LandmarkCustomHomes, PeterZalewski@Cranespotters and yours truly @jasonkapitftl. Sponsored by Stonegate Bank and moderated by EricKalis @TheRealDeal, the Who’s Who of luxury residential real estate came out for lunch and a discussion about the latest trends and developments within the industry. The panel provided on point information about finance, custom homebuilding, hard-line stats/numbers and a look at what’s really going on with buyers and sellers in the luxury space. Eric did a a great job grilling the panel (LOL) and the PR from our friends @KrepsDeMaria really fueled interest for the event.
Great people, great venue, great networking and some really solid information. Congrats to everyone involved on a job well done!
As we enter the season of spring, which is when the real estate market heats up, I wanted to provide you with the top 4 reasons why I think now is the time to buy.
#1: Interest Rates
We all know that interest rates have been at historic lows for years now but 2014 was supposed to be the year that rates shot up and as a result would cool the red hot housing market. This may still prove to be true later this year but as the 1st quarter comes to a close this has simply not been the case. Rates have definitely held steady since the start of this year and even declined a little at the start of March. They dropped into the mid to low 4% range and are still hovering right around 4.5% on a 30yr Conventional fixed. FHA & VA dipped just below 4% at one point and now are holding steady right around the 4% range. With these unexpectedly low rates it definitely should motivate potential buyers to lock in and purchase a home now.
#2: Cheaper than Renting
Even with the rise in home prices and a slight increase in rates from last year, recent studies still show that it is cheaper to buy than rent. In Broward County the average house payment on a median size home was $912, which is a lot cheaper when compared to the average monthly rent of a similar size home of $1763. Home ownership also has tax advantages that renting does not.
#3: Loan Programs
When rates spiked last summer a lot of banks and lenders had to let some of their employees go because the refinance business had dramatically slowed. As a result many banks and lenders have become more aggressive again with lending in trying to recoup some of that lost refinance business. This is proving to be fruitful to potential buyers. There are numerous programs now available which include the following: 3.5% down payment;
Gift funds from relatives that can cover all expenses; relaxed credit guidelines after past short sales; 1yr self-employment; 10% down payment for jumbo loans with no mortgage insurance, and much more.
#4: Tax Refund
Spring is also the time when we have recently filed our taxes and hopefully most of us are waiting for the IRS to issue our tax refund. This is a great time to put that refund money to use and apply it towards the purchase of a new home. Some people use it for vacation or to pay down debt, which are all great things but if you are in the market to buy a home and have been saving up then this tax refund could put you in a great position to do so now.
If you have any questions about this topic please don’t hesitate to contact me. To learn more about our company and mortgage products, please feel free to call Dan Longman, President of Priority Lending Corp, at 954-438-3776 ext.11 or email me at [email protected]. Visit us online at www.prioritylendingcorp.com
QM stands for Qualified Mortgage. On January 10th of this year the Consumer Financial Protection Bureau (CFPM) implemented laws requiring mortgage lenders to consider consumers’ ability to repay home loans before extending them credit. Read the rest of this entry »
Broward County as a whole experienced record sales in 2013, and has had an extremely positive start in 2014. The growth was, and is, particularly significant with properties in the million-dollar plus category, where overall sales in the region increased 40% during 2013. For example, our company, EWM Realty, now averages a sale of a million-dollar plus residence every 17 hours. Read the rest of this entry »
On Friday, the Non-Farm Payroll report came in much weaker than expected (134k new jobs vs the estimates of 185k), and helped stabilize mortgage rates once again. Have you ever wondered why a single report could have such a huge effect?
The non-farm payroll figure (a.k.a. NFP) represents the number of jobs added or lost in the economy over the last month, not including jobs relating to the farming industry. The farming industry is not included because Read the rest of this entry »
New Short Sale opportunity in Hollywood Hills
Great first home for young family. Close to highways, Memorial Regional (East) hospital, the YMCA and Rotary Park, well respected in South Florida for its youth baseball and softball programs. It is a 3BR/2BA open Read the rest of this entry »
Rendering of Palazzo Paradiso in Southwest Ranches, via [Daily Business Review] — Mark Maurer
Pembroke Pines-based developer Landmark Custom Homes wants to add a $10 million mansion to Landmark Ranch Estates, Southwest Ranches’ first gated community. The single-family home known as Palazzo Paradiso would sit on a five-acre lot, as part of the community’s total 140 acres, the Daily Business Review reported. The majority of the 44 homes there sit on a lot roughly half that size. The developer plans to break ground later this year on the eight-bedroom mansion. Amenities include a tennis court, basketball court, Mediterranean fountains, a pool, fireplace and eight-car garage.
MIAMI Feb 13-17, 2014
The Yacht and Brokerage Show in Miami Beach will transform Collins Avenue into a multi-million dollar presentation of yachts including the world’s most extraordinary and uniquely designed yachts and super Read the rest of this entry »
According to NAR’s most recent housing report, the answer is a firm “NO”
In fact, home sales in 2013 rose to the strongest level in 7 years. This taken directly from NAR’s RealtorMag: “Existing-home sales have risen nearly
2013 RESULTS from our Affiliate Partner
reprinted courtesy of Michael Sherman,
, Christie’s International Real Estate
Christie’s announced sales of £4.54 billion ($7.13 billion), up 16% for the year ending December 2013. This figure is the highest sales total for Christie’s or any auction house in the history of the art market. Christie’s sales figures were driven by an increase in new buyers across all geographies coming to the market, including from growth markets such as China Read the rest of this entry »
Espectacular propiedad en medio de un oasis con hermosa, abundante y variada vegetación que permite una privilegiada privacidad. Construida en un terreno de 2.61 acres completamente cerrada con portería privada en la subdivisión ecuestre “BBB RANCHES”.
La casa principal tiene 6,000 SF rodeada de ventanales con vistas a sus hermosos jardines Read the rest of this entry »
Adam graduated from the University of Florida with a B.A. in Business Administration. Always captivated with the stock market, he became an equity trader right out of college, working for Schonfeld Securities and T3 Trading Group, proprietary trading firms based out of New York. The key to his successful trading career was consistency, that is, setting goals, staying disciplined and continuously working hard to exceed self-set expectations. That’s the hallmark of what it takes to be great real estate agent.
Professional Trading is a very demanding occupation, possessing similar traits and similarities to the real estate business. You can’t teach desire, motivation, self-discipline. It comes from within, so when an opportunity presented itself where the brothers could unite to build on what is already a very successful real estate business, the wheels were set in motion for the collaboration to begin 2014. Welcome AJ! Glad to have you on the team. Your energy, enthusiasm, hard work, infinite number of friends and your vast 30 something network will propel you far! – Jason Kapit
Born in Hollywood, FL at Memorial East, Adam is a lifelong resident and has lived in Hollywood his entire life. He knows South Florida better than anyone. He is married to Aly for 10 years and has two amazing children. Whatever it takes to earn your business and trust, he will get it done! Available 24/7 at 954.665.6545 or [email protected]