Lamacchia Realty

MARCH 26, 2024

Condo sales in particular have experienced a significant decline in recent weeks which can be attributed to the ongoing insurance crisis in the state and to the increased association fees and/or added special assessments for condos due to the more stringent regulations resulting from the tragic Champlain Tower Collapse in Surfside, Florida.

Bracketing 62

Bracketing HOA Sellers Buyers 62

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. Let’s start with Mortgage Insurance Premiums. borrowers who carry a loan with a guarantee or mortgage insurance pay MIP, according to Forbes. Mortgage insurance is calculated as a percentage of the loan.

Finance 51

Finance HOA Insurance Real Estate 51

Housing Wire

MARCH 28, 2024

Hopeful their initial offer might be accepted or that they might beat out other potential buyers. Yes, the process of orchestrating the collaboration of lenders, appraisers , home inspectors, one or two real estate agents, a title insurance company, and possibly others is complex. Then, they might become hopeful.

HOA 414

HOA Property Management Real Estate Agent Technology 414

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.

Contracts 36

Contracts Real Estate Sellers Buyers 36

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. The title insurance premium is set by the Texas Department of Insurance and will be the exact same at any title company you choose. Contractual Expenses.

Sellers 69

Sellers HOA Insurance Contracts 69

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.

HOA 350

HOA Real Estate Technology Investors 350

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 50

HOA Inventory Buyers Contracts 50

PennyMac

SEPTEMBER 6, 2022

Overall, there are multiple options available to you as a buyer. The complex functions as both a condo and a hotel or offers hotel amenities, including the HOA offering short-term rentals for condos in the complex. The condo complex is owned by the developer, with condos being leased by the HOA. HOA Considerations.

HOA 36

HOA Mortgage Finance Insurance 36

Housing Wire

NOVEMBER 22, 2023

The process of orchestrating the collaboration of lenders, appraisers, home inspectors, one or two real estate agents, a title insurance company and possibly others is complex. 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.

HOA 400

HOA Real Estate Agent Technology Real Estate 400

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).

HOA 36

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).

HOA 36

HOA Insurance Sellers Contracts 36

Quicken Loans

APRIL 6, 2021

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. While these HOAs are not responsible for the maintenance of the individual townhouses, they oversee the preservation of the community as a whole.

HOA 64

HOA Finance Property Taxes Buyers 64

Raleigh Realty

AUGUST 20, 2022

Hidden Costs when Purchasing a Home There are hidden costs when buying a home, including closing costs, insurance, or utility costs. When many buyers consider the cost of purchasing a home, the mortgage payment is typically the expense that immediately comes to mind. This is one thing many buyers don't realize.

Property Taxes 78

Property Taxes Real Estate Agent Insurance Real Estate 78

Lamacchia Realty

JUNE 2, 2023

When buying a home in Florida, prepare an action plan for your family, consider adding some hurricane proof features , and perhaps most importantly… get home insurance! HOAs in Florida are Very Common When buying property in Florida, it is likely that your new home will be part of a Homeowners Association, otherwise known as an HOA.

HOA 62

HOA Logistics Realty Realtors 62

Assurance Financial

APRIL 29, 2021

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. FAIR (Fair Access to Insurance Requirement). HOA (Homeowners Association).

Mortgage 74

Mortgage HOA Insurance Real Estate Agent 74

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

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

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 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 Agents Real Estate 78

Lamacchia Realty

DECEMBER 6, 2022

Florida Insurance TODAY with Kandie Landers. It is only covered under flood insurance.  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. Listen, we all want a piece of paradise, including myself. 

Insurance 44

Insurance Inspection HOA Brokerage 44

Lamacchia Realty

JANUARY 27, 2023

2022 was a strong market despite the climate disaster in the fall, rates, and the thickening plot with obtaining home insurance in Florida , which has become more costly to obtain complete coverage. Then, as rates rose, buyers and sellers began to hesitate to play the game. Prices for all these three counties combined were 7.5%

Inventory 53

Inventory HOA Insurance Buyers 53

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. They are also used to assess the value of the home for home improvement loans and insurance evaluations. Valuation for insurance claims. Reviewing / appealing property tax assessment.

Appraisal 106

Appraisal Inspection Property Taxes Easement 106

Lamacchia Realty

MARCH 28, 2023

The significant decrease in pendings is an indicator of diminished buyer demand for these property types, and clearly, it is much lower than what we are seeing for single-family homes. 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.

New Listings 57

New Listings Sellers HOA Buyers 57

Listing Spark

NOVEMBER 11, 2022

In order to get the most exposure and the most potential buyers, your goal should be to get on as many sites as possible. 97% of home buyers search for their home online so there is no question that this is a critical step. However, the majority of home buyers are looking for homes on the MLS and not searching on FSBO sites.

Realtors 36

Realtors Contracts HOA Sellers 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

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.

Insurance 64

Insurance Buyers HOA Mortgage 64

Raleigh Realty

AUGUST 11, 2021

For the majority of prospective buyers, location is one of their top priorities. The following are some of the most common mortgage options provided to you by lenders: Federal Housing Administration (FHA) Loans - FHA loans are government-insured loans and are relatively speaking, easy to qualify for. What size house do you want? -

Real Estate Agent 137

Real Estate Agent Property Taxes Finance Real Estate 137

Zillow

JULY 30, 2018

Homeowners insurance. Homeowners insurance protects you against losses and damage to your home caused by perils such as fires, storms or burglary. Homeowners insurance is almost always required in order to get a home loan. Homeowners insurance is almost always required in order to get a home loan. Maintenance and repairs.

HOA 36

HOA Property Taxes Landlords Insurance 36

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.

Real Estate 148

Real Estate Real Estate Agent Contracts Inspection 148

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

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. Source: David Foster is a Senior Real Estate Appraiser at Enact Mortgage Insurance. Never miss a post by subscribing to the Enact MI Blog!

Appraisal 78

Appraisal Inspection HOA Real Estate 78

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. Rental insurance is inexpensive.

Landlords 36

Landlords Property Taxes HOA Insurance 36

PennyMac

NOVEMBER 27, 2023

Upgrading areas like the kitchen and bathrooms or incorporating energy-efficient elements can greatly appeal to future potential buyers if you choose to put the house on the market. Again, you’ll need to comply with your area’s legal, zoning, insurance, tax rules and other regulations. Rent it out and bring in some extra cash.

Market Value 36

Market Value Tenants Renovations Insurance 36

Listing Spark

JULY 5, 2023

You will also want to make sure you get the HOA documents as early as possible to ensure there’s not a cap or a full restriction against short-term rentals (ex., As a buyer, you might offer to cover title fees but make a smaller offer than another prospective buyer who’s nit-picking their way through the contract.

Investing 36

Investing Real Estate HOA Sellers 36

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.

Easement 36

Easement Sellers Legal Buyers 36

PennyMac

JANUARY 3, 2024

With a VA loan, there are: No down payment on home purchase loans* Lower closing cost limits Lower interest rates Relaxed credit requirements No monthly mortgage insurance premiums Already have a VA loan for your first home? For example, in a buyer's market, homes tend to remain listed for longer and may sell at a lower price.

Real Estate Agent 36

Real Estate Agent Buyers Real Estate Mortgage 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. Consider Property Taxes When you pay for your home, you'll need to pay other fees like property taxes and insurance. Your neighborhood may require homeowner's association (HOA) fees, too. They just oversee the process.

Government 148

Government Real Estate Agent Insurance Property Taxes 148