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.

Buyers 66

Buyers Lending Insurance Mortgage 66

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.

HOA 420

HOA Property Management Real Estate Agent Technology 420

Realtor

DECEMBER 7, 2019

Monopoly: Hasbro Concept: Greg Chow In a white-hot market, you may feel pressure to make some concessions to win over a seller—and, no, we’re not talking about sending a basket of banana-nut muffins. That’s all hunky-dory in a buyer’s market. You want the house, and the seller doesn’t want any hiccups.

HOA 108

HOA Inspection Sellers Appraisal 108

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.

HOA 404

HOA Real Estate Agent Technology Real Estate 404

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. Due Diligence: What Is it?

Real Estate 148

Real Estate Real Estate Agent Contracts Inspection 148

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. Closing Costs for Sellers in Texas. Title Company Fees for Sellers. Buyer and Seller will each pay an escrow fee at closing.

HOA 36

HOA Sellers Insurance Contracts 36

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. Seller Resources. Additional Resources.

HOA 36

HOA Inspection Law Property Management 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. Title Company Expenses (Seller Paid). Below are the list of fees the seller typically pays that are specific to the title company.

HOA 36

HOA Insurance Sellers Contracts 36

Realtor

DECEMBER 7, 2019

Monopoly: Hasbro Concept: Greg Chow In a white-hot market, you may feel pressure to make some concessions to win over a seller—and, no, we’re not talking about sending a basket of banana-nut muffins. That’s all hunky-dory in a buyer’s market. You want the house, and the seller doesn’t want any hiccups.

HOA 78

HOA Inspection Sellers Appraisal 78

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. The seller or lender could pay some or all of it, too. Policies don’t usually pay for HOA dues and homeowners insurance, though. Here are two more, perhaps lesser-known, terms worth noting – PMI and MIP.

Finance 53

Finance HOA Insurance Real Estate 53

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.

HOA 71

HOA Legal Buyers Realty 71

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

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. Seller 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? April 8, 2021.

HOA 77

HOA Realty Sellers Buyers 77

Will Springer Realtor

AUGUST 2, 2022

Preparing a home for sale includes dozens – or even hundreds – of steps choreographed between seller, agent and other key individuals. Buyers should read CC&Rs and all related HOA documents to understand the rules and potential risks of purchasing the home.).

Easement 36

Easement Sellers Legal 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

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

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.

Agents 36

Agents Tools Real Estate Buyers 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.

Bracketing 60

Bracketing HOA Sellers Buyers 60

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.

HOA 57

HOA Construction Government Renovations 57

PennyMac

APRIL 18, 2022

Buyer builds equity in the home. Property taxes and HOA fees are the buyer’s responsibility. Buyer has full control over home improvements and upgrades. Buyer has full control over home improvements and upgrades. Buyer incurs any maintenance and repair cost. Pros and Cons of Buying a House.

Landlords 36

Landlords Property Taxes HOA Insurance 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. Getting pre-approved tells the seller that you're serious. And the seller's agent will be happier to do business with a colleague in the field.

Government 148

Government Real Estate Agent Insurance Property Taxes 148

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.

Appraisal 81

Appraisal Agents Real Estate Real Estate Agent 81

Appraisal Today

APRIL 2, 2023

They love the HOA for keeping the neighborhood, pools, and parks looking impeccable, but don’t always like how it goes about enforcing the rules. “Some HOA rules can seem overbearing, but are required by state law—such as no glass or pets in the pool area,” says Kelly G. I will never live anywhere with an HOA.

Contracts 52

Contracts Appraisal HOA Architecture 52

Listing Spark

NOVEMBER 11, 2022

You are technically a For Sale By Owner seller (FSBO). There are some sites, like the FSBO section of Zillow, geared to FSBO sellers that you can use to market your home. In order to get the most exposure and the most potential buyers, your goal should be to get on as many sites as possible. Down payment amount.

Realtors 36

Realtors Contracts HOA Sellers 36

Lamacchia Realty

FEBRUARY 27, 2024

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! As such, buyer affordability is still diminished due to mortgage rates and increasing home prices. What does this mean for Sellers ?

Inventory 52

Inventory Sellers Real Estate Buyers 52

Listing Spark

JULY 5, 2023

The closing costs you pay on a property, especially as a seller, can easily come out to a hefty 8-10% of the selling price , so doing what you can to understand each line item and reduce the total cost is well worth your efforts. As a seller, you might cover some fees but refuse to make concessions. Airbnb) or long-term rentals.

Investing 36

Investing Real Estate HOA Sellers 36

Realtor

SEPTEMBER 29, 2017

The good news is that buyers don’t have to go in blindly: Your VA loan-savvy real estate agent will be your ally in helping you estimate the costs you will need throughout the process, no matter where you live. Buyers will often pay this fee, which runs, on average, about $30 , to their lender when they first apply for a loan.

Inspection 85

Inspection HOA Insurance Real Estate 85

Realtor

SEPTEMBER 29, 2017

The good news is that buyers don’t have to go in blindly: Your VA loan-savvy real estate agent will be your ally in helping you estimate the costs you will need throughout the process, no matter where you live. Buyers will often pay this fee, which runs, on average, about $30 , to their lender when they first apply for a loan.

Inspection 78

Inspection HOA Insurance Real Estate 78

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

Lamacchia Realty

JANUARY 30, 2024

That said, the number of homes sold is down year over year, so it’s a true sign that the voracious buyer activity has slowed down and that this region is a bit ahead of the North in the market adjustment cycle. And some are not able to sustain the rising HOA fees and insurance rates. South Florida Sales Decline by 17.5%

HOA 49

HOA Inventory Buyers Contracts 49

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

PennyMac

JANUARY 3, 2024

Other home expenses, such as property taxes, utilities, homeowners insurance and often costly homeowners association (HOA) dues, will also continue until you sell. For example, in a buyer's market, homes tend to remain listed for longer and may sell at a lower price. This is great for you as a buyer but not as a seller.

Real Estate Agent 36

Real Estate Agent Buyers Real Estate Mortgage 36

Will Springer Realtor

MAY 13, 2024

SETTLEMENT FOLLOW-UP A judge has preliminarily approved the $418M antitrust class-action settlement involving sellers’ compensation to brokers/agents in residential real estate sales. The favorable boost in supply is the result of fewer buyers and sellers compared with most spring seasons. The listing video is mesmerizing.

HOA 36

HOA Transportation Construction Buyers 36

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

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. Sellers, the sooner you put your home on the market, the more it will sell for ! Buyers, falling mortgage rates is good news!

New Listings 55

New Listings Sellers HOA Buyers 55

Lamacchia Realty

JANUARY 27, 2023

Condo inventory is predicted to spike in 2023 due to multiple factors such as the new regulations and higher HOA fees as a result, so if sellers are thinking of selling their condo/townhome, NOW is the time to do it before everyone else gets the same idea. Then, as rates rose, buyers and sellers began to hesitate to play the game.

Inventory 52

Inventory HOA Insurance Buyers 52

Lamacchia Realty

JULY 18, 2022

Recent mortgage rate spikes have reduced affordability for buyers and have also slowed the price increase, which has started to help inventory rise a bit, giving buyers more selection. With prices still on the rise and buyer affordability diminished by rising mortgage rates, many buyers are unable to enter the housing market.

New Listings 36

New Listings Inventory Buyers Sellers 36