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Unexpected HOA Rules New Homeowners Should Know

Eppraisal

Homeowners associations (HOAs) come with pros and cons. HOAs can retain the value of a home because the surrounding neighborhood must meet certain standards. HOAs can retain the value of a home because the surrounding neighborhood must meet certain standards.

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Mosaik CEO Sheila Reddy on tackling fragmented technology

Housing Wire

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. Because if someone looks at their home value every month, it may not necessarily mean a whole lot that they looked at it again this month.

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January 2024 South Florida Housing Report

Lamacchia Realty

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’s next?

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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
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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.

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Pre-Appraisal Checklist for Homeowners

D Fritz Appraisals

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

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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.