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Owning a condo in Florida is becoming less attractive: Redfin

Housing Wire

Meanwhile, homeowners association (HOA) fees multiplied for many condo buildings in the aftermath of the 2021 Surfside condo collapse. In May 2022, the Florida Legislature introduced a new condominium safety law, which mandates more rigorous inspections and stronger financial reserves for HOAs.

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Home Appraisals – What Do They Look For?

D Fritz Appraisals

Home appraisers are trained to inspect and measure your property and perform comparisons that result in an accurate valuation for the current housing market. 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. Renovation loan assessments.

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Pre-Appraisal Checklist for Homeowners

D Fritz Appraisals

Home inspection reports (current and previous). If you’re unsure about the difference between each, we have a helpful blog post on home inspections vs. home appraisals. 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.

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The Pros and Cons of Buying a House

PennyMac

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.

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The Complete Guide to Buying a Home As a Government Employee

Raleigh Realty

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. During due diligence, you'll need to hire someone to do a property inspection and appraisal. You'll need to do some renovations.

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NAR: Appraisal License Equivalency Credit for RE Agents?

Appraisal Today

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.

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How to Ensure you are Properly Protected when Purchasing a Property in the Sunshine State

Lamacchia Realty

Yes, there is a flood risk to live right by the ocean, but you can be protected if that would occur at a reasonable cost.  Condo policies, which in our industry are called HO6 policies are basically a “walls in” policy because the HOA covers the structure itself and the roof. Buyer Resources. November 22, 2022.