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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. They even clarify the type of post, measurements and paint finish.

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Homeowners vs. Condo Associations: The Similarities

Empire Appraisal Group

million homes in homeowners’ associations (HOAs), most of our members have helped prepare contracts that address issues associated with association rules. The condo disclosure comes from Section 718.503, Florida Statutes, and the HOA disclosure comes from Section 720.401, Florida Statutes. Next month we’ll focus on the differences.

HOA 78
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Tighter Lending Policies Change the Landscape of Condo Mortgage Eligibility for Buyers

Lamacchia Realty

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
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Opinion: More can be done to shorten the average time to close

Housing Wire

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 466
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Title insurers reckon with attorney opinion letters

Housing Wire

Prior to the advent and widespread use of title insurance, before taking title to a property, the buyer required that the title be free of any rights, interests, liens or encumbrances of others for which the buyer would be responsible for.

Insurance 396
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Opinion: More should be done to shorten the average time to close

Housing Wire

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 432
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Is a 55+ Community Right for You? Key Signs to Consider

Lamacchia Realty

Additionally, unlike a retirement community, residents own their own homes; think of it as being a part of a condo association or an HOA. Our expert REALTORS® help hundreds of clients buy a home in these vibrant communities all the time. Find a local, expert REALTOR® here!

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