Housing Wire

APRIL 9, 2024

HOA requirements and documentation: a case in point. As a case in point, let’s look at the settlement requirement to navigate homeowners associations (HOA) and their vast and disparate array of documents and requirements. The result is thousands of HOAs with thousands of varying requirements and mounds of varying documentation.

HOA 369

HOA Real Estate Technology Investors 369

Lamacchia Realty

MARCH 26, 2024

Elevated condo association and special assessment fees present an additional financial burden for condo owners, deterring potential buyers unless the purchase price is reduced sufficiently to offset the higher ongoing monthly costs. Source Inventory rises when more sellers are listing than buyers are buying.

Bracketing 60

Bracketing HOA Sellers Buyers 60

Listing Spark

DECEMBER 9, 2020

It is more than likely that if you are selling a residential home in Texas the buyer is going to ask you (home seller) to pay for the title insurance policy. Buyer and Seller will each pay an escrow fee at closing. Some title companies will pass those fees on to the buyer and seller. Title Company Fees. Contractual Expenses.

Sellers 69

Sellers HOA Insurance Contracts 69

Listing Spark

NOVEMBER 11, 2022

In order to get the most exposure and the most potential buyers, your goal should be to get on as many sites as possible. 97% of home buyers search for their home online so there is no question that this is a critical step. However, the majority of home buyers are looking for homes on the MLS and not searching on FSBO sites.

Realtors 36

Realtors Contracts HOA Sellers 36

Housing Wire

NOVEMBER 22, 2023

In fact, if you were to describe the home buying experience solely upon the things we see in advertisements, the process would end with the sales contract and all parties would merrily proceed directly to the handing over of the keys. There’s no easy-to-access resource advising how to communicate with every HOA or property management firm.

HOA 412

HOA Real Estate Agent Technology Real Estate 412

Listing Spark

APRIL 2, 2021

When reviewing the standard residential contract (called a 1-4 residential contract) plus numerous addendums, it can be difficult to unpack who pays for closing costs in Texas. Buyer and Seller will each pay an escrow fee at closing. Spark Title for example, does not pass along any of these to the buyer or seller).

HOA 36

HOA Sellers Insurance Contracts 36

Listing Spark

APRIL 2, 2021

When reviewing the standard residential contract (called a 1-4 residential contract) plus numerous addendums, it can be difficult to unpack who pays for closing costs in Texas. Buyer and Seller will each pay an escrow fee at closing. Spark Title for example, does not pass along any of these to the buyer or seller).

HOA 36

HOA Insurance Sellers Contracts 36

Lamacchia Realty

FEBRUARY 27, 2024

2024: 12,307 2023: 9,929 2022: 10,583 Pending Home Sales: The number of homes placed under contract is down by 9.1% What does this mean for Buyers ? More inventory translates to more options for buyers as well as potentially less competition and a stabilization or eventual reduction in home prices! when compared to January 2023.

Inventory 52

Inventory Sellers Real Estate Buyers 52

Raleigh Realty

AUGUST 27, 2021

Here's everything you need to know about buying a home Whether you are a first-time home buyer or a seasoned veteran of the housing market, buying a house is no small undertaking. There is nothing worse for a buyer than starting to look at homes online, falling in love with a few, then realizing that they are not in your budget.

Real Estate Agent 78

Real Estate Agent HOA Real Estate Agents 78

Realtor

DECEMBER 7, 2019

That’s all hunky-dory in a buyer’s market. But as the housing market has rebounded , buyers are getting competitive —more and more are waiving those contingencies, or protections, in order to speed the deal through to closing. But not every buyer needs to worry as much about financing. Contingency: Early move-in.

HOA 108

HOA Inspection Sellers Appraisal 108

Will Springer Realtor

APRIL 6, 2021

In the complex world of condominiums, it is as important to know which buildings are favorable for financing as it is to ensure a buyer’s eligibility for the mortgage itself. The more lenders interviewed, the better the odds of finding the right fit for the buyer. A good lender will tell just how big a deal that could become!)

HOA 36

HOA Mortgage Buyers Insurance 36

D Fritz Appraisals

MARCH 16, 2021

HOA documents – if you live in an HOA neighbourhood, the appraiser will need to see the costs, regular maintenance schedule, history of fee increases, etc. It’s important to note that any undisclosed additions can cause a breach of conditions in your sale contract.

Appraisal 126

Appraisal HOA Easement Valuation 126

Realtor

DECEMBER 7, 2019

That’s all hunky-dory in a buyer’s market. But as the housing market has rebounded , buyers are getting competitive —more and more are waiving those contingencies, or protections, in order to speed the deal through to closing. But not every buyer needs to worry as much about financing. Contingency: Early move-in.

HOA 78

HOA Inspection Sellers Appraisal 78

Lamacchia Realty

MARCH 28, 2023

New listings and pending sales are also down year over year as many sellers are hesitating to put their homes on the market, so less homes are being placed under contract and inevitably less homes are closing. Rates will continue to be volatile, keeping both buyers and sellers on their toes though the spring months.

New Listings 55

New Listings Sellers HOA Buyers 55

Will Springer Realtor

NOVEMBER 10, 2023

That’s the fourth-highest number of residents of any state and it’s only expected to grow as HOAs become increasingly common. We can look back to post-World War II when HOAs helped to create the initial segregation of the suburbs with planned developments – such as Levittown in New York – and gated communities. Census data.

HOA 36

HOA Buyers Law Supply Chain 36

Listing Spark

JULY 5, 2023

Presenting a clean and simple contract and taking on some of the fees may make your offer more appealing. You will also want to make sure you get the HOA documents as early as possible to ensure there’s not a cap or a full restriction against short-term rentals (ex., Airbnb) or long-term rentals. But this adds up quickly.

Investing 36

Investing Real Estate HOA Sellers 36

Will Springer Realtor

MAY 13, 2024

Sellers accused NAR and other defendants of unlawfully inflating compensation paid to agents to bring financially qualified buyers to homes.Potential members of the class action can send objections or comments about the settlement to the court. About three-quarters of the 459 residences are under contract with a target opening late this year.

HOA 36

HOA Transportation Construction Buyers 36

Zillow

JULY 15, 2019

Buyers market : Market conditions that exist when homes for sale outnumber buyers. Cancellation of escrow : A situation in which a buyer backs out of a home purchase. Capacity : The amount of money a home buyer can afford to borrow. Buyers should budget for an amount that is 1% to 3% of the home's purchase price.

Real Estate Agent 56

Real Estate Agent Insurance Inspection Buyers 56

PennyMac

JANUARY 3, 2024

A contingency clause in the purchase contract allows you to back out of a contract if the sale of your current home doesn’t go through within a specified timeframe. Other home expenses, such as property taxes, utilities, homeowners insurance and often costly homeowners association (HOA) dues, will also continue until you sell.

Real Estate Agent 36

Real Estate Agent Buyers Real Estate Mortgage 36

Raleigh Realty

AUGUST 20, 2022

When many buyers consider the cost of purchasing a home, the mortgage payment is typically the expense that immediately comes to mind. Whether you are a first-time home buyer or an experienced buyer, you will want to familiarize yourself with all the costs of buying a home Your Real Estate Agent is not a cost to you as a buyer.

Property Taxes 78

Property Taxes Real Estate Agent Insurance Real Estate 78

Appraisal Today

FEBRUARY 2, 2024

I have not seen an effect on value for the homes next to apartments, but it is a marketability issue for savvy buyers. There is no formal HOA either. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) remained unchanged at 6.78 percent from 6.51 percent from 6.31

Appraisal 67

Appraisal Contracts Training Real Estate 67

Appraisal Today

DECEMBER 2, 2022

Counseling buyers, sellers, owners, and tenants on inspections and remediations, improvements, and the appraisal process. Counseling buyers, sellers, owners, and tenants about listing and offering prices, and market rent. I got it mostly for MLS access and have only done one sale, representing the buyer. percent from 0.6

Appraisal 81

Appraisal Agents Real Estate Real Estate Agent 81

Raleigh Realty

MAY 3, 2021

First-time home buyers have many advantages available to them when it comes to first-time home buyer mortgage programs. You won't need to put as much money down on the front end First-time Homebuyer Loans May Help Unconventional loans often turn out to be the more affordable option for younger buyers. Try a USDA Loan The U.S.

Real Estate Agent 78

Real Estate Agent Real Estate Insurance Inspection 78

PennyMac

JUNE 28, 2022

More specifically, closing costs are fees that you (as the buyer) will pay to third parties who have performed services for purchasing your home. Closing costs can apply to both the buyer and seller. Most of the fees involved in closing costs apply primarily to the buyer, so usually the buyer pays most of the closing costs.

Insurance 36

Insurance Property Taxes Sellers Inspection 36

Will Springer Realtor

JULY 8, 2022

The King County housing market has seen inventory increase by 55% in the past month, while the number of homes going under contract fell 22% from May to the lowest June level since 2011. Even stock investments, the source of many down payments for buyers, have taken a heavy blow. FOR FIRST-TIME BUYERS, NOW WHAT? Washington, D.C.,

Housing Market 36

Housing Market Marketing Inventory HOA 36

Will Springer Realtor

MAY 9, 2022

That’s where buyers are paying about 42% more in their monthly mortgage payments for the same house today than they did a year ago. Sidenote: Adjustable-rate mortgages (ARMs), which typically have lower interest rates than fixed-rate mortgages, have become an attractive option for new buyers financing a home.

Architecture 36

Architecture Design Buyers Construction 36

Will Springer Realtor

JUNE 9, 2021

Prices have soared in most areas – including a 30% jump in the past year for single-family homes in King County – amid a shortage of inventory and a sharp rise in the number of buyers. Flood of buyers – As I noted last month , Millennials will fuel this housing market for at least a decade to come as about 4.5 range won’t last forever.

Housing Market 36

Housing Market Marketing Inventory New Listings 36

Raleigh Realty

MARCH 29, 2021

With everything from securing a loan to dealing with the home inspection, a home buyer has a lot to handle. Your neighborhood may require homeowner's association (HOA) fees, too. Due diligence stretches from the time you sign a contract to closing. These fees can add a few hundred dollars to your monthly payments.

Government 148

Government Real Estate Agent Insurance Property Taxes 148

Will Springer Realtor

OCTOBER 11, 2022

At least buyers will have more options and time to weigh their decision to purchase a home – but at what cost to the bottom line? The next 12-24 months are likely going to be quite a challenge for prospective buyers. >> About six out of 10 Hispanic American buyers are searching for their first home, nearly double the U.S.

Housing Market 36

Housing Market Marketing Buyers Real Estate 36

Will Springer Realtor

APRIL 11, 2022

What does it mean to buyers? The impact is greatest on first-time buyers and lower-income households, which recently prompted housing advocates to urge the White House for further help on the issue of affordability. For buyers, they can only hope. Buyers might have the extra cash to afford higher-priced homes – for now.

Construction 36

Construction Development Inventory Buyers 36

Will Springer Realtor

MAY 12, 2021

Amid the challengers for buyers, there is an expectation for housing activity to continue puffing its Thomas the Tank Engine without a misfire – at least through early summer – before possibly lowering a gear. One of the reasons for the continued home-sales intensity – in any season – is a key group of “new” buyers. this year. >>

Real Estate 36

Real Estate Inventory Buyers Construction 36