Remove Development Remove HOA Remove Home Value Remove Legal
article thumbnail

Going to Extremes

Appraisal Buzz

Add to this rising replacement costs and legal fees, increased government regulation, inflation, and fraud, and companies are bleeding about a billion dollars every three weeks. And in some condominium markets in Florida, home values are taking a hit as insurance premiums skyrocket.

HOA 370
article thumbnail

Home Appraisals – What Do They Look For?

D Fritz Appraisals

They are also used to assess the value of the home for home improvement loans and insurance evaluations. Read on for more information about how a home appraiser determines the value of your property. What is a Home Appraisal and Why is it Important? Size of home and number of rooms.

Appraisal 105
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Say What? Home-Buying Lingo You Should Know

Zillow

Comps : Or comparable sales, are homes in a given area that have sold within the past six months that a real estate agent uses to determine a home's value. Contingencies : Conditions written into a home purchase contract that protect the buyer should issues arise with financing, the home inspection, etc.

article thumbnail

What’s Included in Closing Costs?

PennyMac

State laws will usually dictate who is legally responsible for overseeing the closing. If you’re buying a condominium or a property in a planned development, you will be required to join the homeowner association (HOA). If you’re buying a house built before 1979, you run the risk of lead-based paint in the home.

article thumbnail

The Complete Guide to Buying a Home As a Government Employee

Raleigh Realty

Build Equity Every time you make a mortgage payment, you build equity in your home. Think of equity as the amount of money your home is worth after what you owe is deducted. When your home value goes up and you start paying off the loan's principal balance, that builds equity. What Is HUD? How Much Can You Expect to Pay?