Lamacchia Realty

OCTOBER 17, 2022

QUESTIONS BUYERS SHOULD ASK WHEN TOURING A PROPERTY. And as a buyer, purchasing their home is very exciting but also a significant decision and can be a bit overwhelming. On the other hand, sometimes sellers can leave behind things the buyer may not have been aware of. There are a variety of reasons people sell their home.

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Buyers HOA Realty Insurance 70

Lamacchia Realty

MARCH 11, 2024

Buyers hoping to purchase condos have been under more stringent lending regulations over the past three years, initially under temporary guidelines that were later made permanent. Buyers and buyer agents alike needed to be keenly aware of how the new regulations would impact the purchase of a condo in any building over 5 units.

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Buyers Lending Insurance Mortgage 67

Housing Wire

APRIL 4, 2024

And the property itself did not come up on my agents’ MLS search for me because the monthly HOA fee was a few dollars more per month than what he had set as the max on the search. So we created our own proprietary wish-list-based search. As an example, I bought a condo a few years ago.

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Technology Clients Agents Real Estate 400

Housing Wire

MARCH 28, 2024

Hopeful their initial offer might be accepted or that they might beat out other potential buyers. And then, there’s the process of dealing with the property’s Home Owners Association (HOA) or even simply determining whether one is involved at all. Dealing with the HOA—a nightmare for all parties involved.

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HOA Property Management Real Estate Agent Technology 462

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.

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HOA Real Estate Technology Investors 419

Listing Spark

FEBRUARY 6, 2023

Episode Summary In this episode, Aaron Jistel (Broker and Co-Founder at ListingSpark) focuses on how recent changes to Texas Real Estate Commission’s contracts and documents may affect home sellers and buyers. As a seller, this can help to ensure that buyers have the actual cash they are claiming they have.

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Contracts Real Estate Sellers Buyers 36

Housing Wire

JANUARY 19, 2023

Today, title insurance protects millions of property buyers from threats to their property rights, including recording errors, unpaid liens, forged signatures on deeds, and fraudulent activity. But in 1868, a Pennsylvania Supreme Court decision led to the codification of the incorporation and regulation of title insurance companies into law.

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Insurance HOA Real Estate Law 450

Lamacchia Realty

JANUARY 11, 2022

Are there any code violations or local government certifications the HOA has not satisfied now or in the last 5 years? After reviewing these questions, and if the answer is yes to any of the above, the lenders need to have a Maintenance/Special Assessment addendum completed and signed by the HOA. Buyer Resources. Read More ».

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HOA Mortgage Property Management Buyers 63

Housing Wire

OCTOBER 13, 2022

Prior to the advent and widespread use of title insurance, before taking title to a property, the buyer required that the title be free of any rights, interests, liens or encumbrances of others for which the buyer would be responsible for.

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Insurance Legal Legal Fees HOA 361

Housing Wire

NOVEMBER 22, 2023

And then, there’s the process of dealing with the property’s Homeowners Association (HOA) or even simply determining whether one is involved at all. There’s no uniform method of determining if a property management firm represents an HOA and, if so, which firm. Even something as simple as obtaining a PDF might take weeks.

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HOA Real Estate Agent Technology Real Estate 431

Lamacchia Realty

MARCH 9, 2023

WHAT IS AN HOA? An HOA, or Homeowners Association, is when a common interest community – which includes mainly condos but could include some single-family or waterfront properties – provides ground rules for maintaining their common spaces and property. HOAs can also have legal power over properties.

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HOA Legal Buyers Realty 72

Will Springer Realtor

JUNE 21, 2022

At the same time, some HOAs across the U.S. In Washington, buyers receive a packet of information known as a resale certification, which should include details of these assessments as well as discussions in HOA meetings about the possibility of special charges. Response to the Champlain collapse was swift in Florida.

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HOA Law Buyers Development 56

Lamacchia Realty

JUNE 7, 2022

Lenders must ask specific questions and if the answer is yes to any of them, lenders need to have a Maintenance/Special Assessment addendum completed and signed by the HOA. From there, the HOA or property manager must confirm if the repairs have been completed. Buyer Resources. Additional Resources. April 8, 2021. Read More ».

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HOA Inspection Law Property Management 36

Padove Appraisal Service

SEPTEMBER 25, 2017

townhomes served by a homeowners’ association (HOA) are becoming increasingly popular. that are part of an HOA typically require payment of monthly dues however, these dues often cover. In some cases, the HOA maintains recreational facilities such as. HOA members. Condominiums and. Residences. The latter is a.

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HOA Architecture Design Appraisal 78

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.

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Sellers HOA Insurance Contracts 69

Will Springer Realtor

MARCH 5, 2024

We have APR, CMA, CC&Rs and, of course, HOA – all commonly used terms to help “abbreviate” our conversations. Policies don’t usually pay for HOA dues and homeowners insurance, though. Residential real estate – like most industries – enjoys the use of acronyms and abbreviations to get information across. Real estate terminologies.)

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Finance HOA Insurance Real Estate 53

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.

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HOA Inspection Sellers Appraisal 108

Listing Spark

APRIL 2, 2021

Below I’ll break down these fees in a few different categories like Title closing costs, lender closing costs, contractual closing expenses and then HOA (HomeOwners Association) expenses. 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).

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HOA Sellers Insurance Contracts 36

Listing Spark

APRIL 2, 2021

Below I’ll break down these fees in a few different categories like Title closing costs, lender closing costs, contractual closing expenses and then HOA (HomeOwners Association) expenses. 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).

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HOA Insurance Sellers Contracts 36

Lamacchia Realty

FEBRUARY 5, 2024

Additionally, unlike a retirement community, residents own their own homes; think of it as being a part of a condo association or an HOA. Additional Resources How to Find the Best Neighborhood for Your Lifestyle and Budget January 24, 2024 Read More » What is an HOA? Find a local, expert REALTOR® here!

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HOA Realty Realtors Design 69

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

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.

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Real Estate Agent HOA Agents Real Estate 78

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. Copies of any previous appraisals – this can help the appraiser see how the value has changed over the years. This will help ensure a fair market value.

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Appraisal HOA Easement Valuation 127

Lamacchia Realty

MARCH 15, 2022

Do you want to pay an HOA ? You can sell pieces to your buyers or at a yard sale, and you can give the high-quality, sentimental pieces to the family. Buyer Resources. Do you want an extra room for the family to stay and visit? Condo or House? Or would you still take care of maintenance? Where does it all go? April 8, 2021.

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HOA Realty Sellers Buyers 77

Raleigh Realty

AUGUST 17, 2021

Whether you are a first-time home buyer or you're buying again, you will want to know how Due Diligence and Earnest Money impact you as a buyer or seller in North Carolina The following article is going to be regarding Due Diligence, Due DIligence fees, and Earnest Money in North Carolina Real Estate.

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Real Estate Real Estate Agent Contracts Inspection 148

Lamacchia Realty

OCTOBER 11, 2021

If looking into a condo complex or gated community, be sure to check out any rules or regulations put in place by the HOA or condo association to make sure it fits your needs and lifestyle. Buyer Resources. Work With the Best. Lamacchia Realty services the NH area to include the Lakes Region and surrounding towns. Contact us today!

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Realtors HOA Realty Training 68

Lamacchia Realty

SEPTEMBER 28, 2021

ALL YOU SHOULD KNOW ABOUT FLORIDA HOAs. Purchasing a home in an area with HOA fees can be tricky, especially since many people aren’t familiar with the process. Although it might not seem so at first, HOAs in Florida are there to help you as a homeowner. HOAs in Florida - what are they? Hire professionals for help.

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HOA Transportation Real Estate Agent Renovations 51

D Fritz Appraisals

OCTOBER 11, 2022

Home appraisals are a vital part of the home buying process as they have a big influence on the amount a lending institution will loan the buyer. Paperwork – gather any relevant paperwork that supports the valuation of the home such as property tax bills, HOA fees, receipts and permits for any improvements or upgrades.

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Appraisal Inspection Property Taxes Easement 106

Genworth MI Blog

JULY 13, 2023

Fees associated with the property (such as HOA or cost to build a similar home from the ground up) Appraisals are an important step to helping borrowers reach closing. They matter to the lender to ensure the property is sufficient collateral for the loan amount.

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Appraisal Inspection HOA Real Estate 78

Will Springer Realtor

AUGUST 2, 2022

Buyers should read CC&Rs and all related HOA documents to understand the rules and potential risks of purchasing the home.). However, some easements may be more complex and require closer examination, particularly when a buyer wishes to make changes to the property that may not be allowed under the easement.

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Easement Sellers Legal Buyers 36

Listing Spark

DECEMBER 14, 2023

One vital step in the process is following a strategy for how to list on MLS without an agent so you can reach as many buyers as possible without paying expensive realtor commissions. An agent will recommend a strategy, create an MLS listing for the property, and coordinate with buyers and their agents on your behalf.

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Agents Tools Real Estate Buyers 36

Lamacchia Realty

DECEMBER 29, 2022

As a final closing tip, we recommend checking whether any remodel you plan on doing is approved by your HOA. All you Should Know About HOAs in Florida. Not being informed or going against the rules on purpose can lead to anything from angry neighbors to a lawsuit. So be smart about what you’re doing. Additional Resources.

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HOA Construction Government Renovations 59

Will Springer Realtor

MAY 3, 2022

Monthly HOA dues are about $1 a sq. Interested buyers only need to make an initial down payment of 5%. There is plenty of underground parking, at $85K a space or $100K with an electric-charging station – though availability is presently earmarked to non-studio homeowners. Storage units of about 15 sq. are available at $10K.

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Design Modernization Real Estate HOA 58

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.

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Real Estate Agent Insurance Inspection Buyers 56

Quicken Loans

NOVEMBER 18, 2021

You don’t have to be a low-income home buyer either, as is necessary for HomeReady and Home Possible loans, two other low down payment options Fannie Mae and Freddie Mac offer. With this program, any buyer who qualifies for a conventional loan can make just a 3% down payment, financing 97% of the purchase price. Home Possible Loan.

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Insurance Buyers HOA Mortgage 64

Zillow

JULY 30, 2018

Sure, that monthly mortgage payment seems affordable, but don't forget to take homeowners association (HOA) fees into account. On average, HOA fees cost anywhere from $200 to $400 per month. Air conditioning units don't typically last much longer than 15 years, and an asphalt shingle roof won't serve you too well after 20 years.

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HOA Property Taxes Landlords Insurance 36

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.

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Bracketing HOA Sellers Buyers 62