Remove Buyers Remove HOA Remove Home Value Remove Insurance
article thumbnail

Going to Extremes

Appraisal Buzz

Does the cost of homeowners insurance affect the price of a home? In recent years, insurance companies have pulled out of some markets altogether after sustaining massive losses due to wildfires, flooding, and other climate-related disasters. In some markets, the answer is increasingly yes.

HOA 370
article thumbnail

Condo Vs. Townhouse: How Are They Different, And Which Is Right For You?

Quicken Loans

But, these days, an increasing number of home buyers are forgoing the detached, single-family home in favor of the more community-minded style of living that condos and townhouses provide. Some HOAs also have a set of guidelines that homeowners must follow to protect the look and feel of the neighborhood.

HOA 64
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Important Mortgage Acronyms

Assurance Financial

If all goes well with the process, the EMD is applied to the final price of the home. If the house doesn’t pass inspection or the sale doesn’t go through due to an allowable contingency, the buyer gets the EMD back. But if the buyer cancels the sale or backs out for another reason, the seller gets to keep the EMD.

article thumbnail

Say What? Home-Buying Lingo You Should Know

Zillow

Buyers market : Market conditions that exist when homes for sale outnumber buyers. Homes sit on the market a long time, and prices drop. 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.

article thumbnail

February 2023 South Florida Housing Report

Lamacchia Realty

Home sales are also down significantly for condos and townhome in all three counties, but unlike single family homes, there are more condos/townhomes being listed than pending. However, there are serious buyers in the market looking to purchase a home, even more so in Florida as the market is still attractive to out-of-state buyers.

article thumbnail

Home Appraisals – What Do They Look For?

D Fritz Appraisals

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. They are also used to assess the value of the home for home improvement loans and insurance evaluations. What is a Home Appraisal and Why is it Important?

Appraisal 105
article thumbnail

5 Expenses Homeowners Pay That Renters Don't

Zillow

Homeowners insurance. Homeowners insurance protects you against losses and damage to your home caused by perils such as fires, storms or burglary. It also covers legal costs if someone is injured in your home or on your property. Homeowners insurance is almost always required in order to get a home loan.

HOA 36