Eppraisal

OCTOBER 17, 2023

One factor that can significantly influence your decision is whether the property is governed by a Homeowners Association (HOA). While HOAs offer certain benefits, they also come with their own set of drawbacks. Let's explore the pros and cons of buying a home with an HOA, helping you make an informed decision.

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Movoto

APRIL 16, 2022

But is your HOA fee tax deductible? Learn more about HOAs and when you can get a tax break on your HOA fees. Although, there are some situations where your homeowners association (HOA) fees are at least tax deductible. So, what is an HOA, and when can you deduct your HOA fees from your taxes ?

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BiggerPockets

JULY 20, 2023

There are positive and negatives to buying an investment property in an HOA neighborhood. Here's what to consider when evaluating your deal.

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Housing Wire

JUNE 7, 2024

Home equity is key to mortgage holders who have seen other homeownership costs soar, including insurance , taxes and HOA fees, as a source of financial buffer,” Hepp said. Conversely, 153,000 homes would fall underwater if values declined by 5% or more. of homes underwater) and Texas (1.7%

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Mashvisor

AUGUST 25, 2021

Have you ever asked yourself – Are HOA fees worth it? Well, you are not alone. This is one of the common questions asked by property owners and real estate…

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Inman

MAY 17, 2024

PayHOA, a software company in the HOA management space, gets $27.5 million in Series A venture capital, led by Elephant.

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Real Estate News

FEBRUARY 15, 2023

According to the U.S. Census, 82% of newly built homes sold in 2021 were a part of a homeowners association.

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Appraisal Buzz

JUNE 7, 2024

Home equity is key to mortgage holders who have seen other homeownership costs soar, including insurance, taxes and HOA fees, as a source of financial buffer.” “Importantly, higher prices have also lifted some 190,000 homeowners out of negative equity, leaving only about 1.8 percent of those with mortgages underwater.”

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Appraisal Buzz

JULY 24, 2024

The significant increase in unsold inventory in Florida and Texas is due to these states building more new homes, in part due to the availability of open land, than other parts of the country, adding to the overall supply at a time when demand is slow due to high housing costs, including skyrocketing insurance and HOA prices.

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Housing Wire

MAY 7, 2021

Understand HOA Rules. One of the first things you should do when you move is gain an understanding of HOA rules. Some HOAs require status updates on the property, like when the mortgage is transferred. You should also make sure you have a working fire extinguisher, in the event of an emergency. . Check Your HVAC System.

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Mashvisor

NOVEMBER 24, 2021

Within that, HOA fees are the expenses you pay to maintain the property you live on,… A Homeowners Association must be a familiar term if you live in a condo.

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Appraisal Buzz

MAY 6, 2024

Couple that with the new Florida regulation requiring HOAs to maintain reserve funds for future expenses related to maintenance and inspections, and it’s no surprise that HOA dues are soaring. And in some condominium markets in Florida, home values are taking a hit as insurance premiums skyrocket.

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BiggerPockets

AUGUST 12, 2023

Claiming tax deductions on homeowners association fees allows property investors to reduce the amount they pay on taxes. Here's how to do it.

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Appraisal Buzz

JULY 2, 2024

Meanwhile, the price growth gap between detached homes and attached homes further widened, likely indicating homebuyer preferences for more personal space to work from home after the height of the pandemic, as well as surging HOA fees due to maintenance costs. In May, the annual appreciation of detached properties (5.4%) was 2.6

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Appraisal Buzz

JUNE 7, 2024

of those with mortgages underwater.” “Home equity is key to mortgage holders who have seen other homeownership costs soar, including insurance, taxes and HOA fees, as a source of financial buffer,” Hepp continued. “Importantly, higher prices have also lifted some 190,000 homeowners out of negative equity, leaving only about 1.8%

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Houston Properties

JULY 28, 2022

Compare homeowner association (HOA) fees and benefits for 115 Houston condo buildings.

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Appraisal Buzz

JUNE 4, 2024

“Also, the price cooling is more pronounced in markets where there has been an influx of inventory and/or new construction, as well as those where additional homeownership costs (such as insurance, taxes and HOA fees) have risen relatively faster.”

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Housing Wire

JULY 24, 2024

While condo complexes have their own master insurance policies, some of the cost of these policies is passed to owners through monthly HOA fees. Meanwhile, measures that some complexes are taking to decrease their insurance costs are forcing unit owners to insure more of the property on their own.

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BiggerPockets

NOVEMBER 26, 2023

Have home equity? Well, you could retire early, thanks to it. If you bought a house from 2009 up until 2021, there’s a good chance you could be sitting on […]

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Housing Wire

JULY 7, 2023

A requirement of a government-sponsored Home Equity Conversion Mortgage (HECM) is that the homeowner keep their home in good repair while paying any applicable property taxes, homeowners insurance and homeowners association (HOA) fees.

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Housing Wire

NOVEMBER 1, 2021

Punctual Abstract , which compiles and provides abstracts, title evidence and ancillary documents, such as HOA estoppels, tax certificates and municipal, announced Monday that it has acquired Mississippi-based Slade Title Research. The merger is effective immediately.

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Housing Wire

DECEMBER 5, 2022

According to PropLogix, the most common tasks outsourced are municipal lean searches, title searches, tax reports, judgement searches, UCC searches and HOA research. Compared to 2020, there was a 68% increase in the number of title professionals reporting that they outsource HOA research (47% in 2022 compared to 27% in 2020).

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Housing Wire

OCTOBER 23, 2020

Rounding out the hiring announcements for this week, LRES Corporation , a real estate appraisal, valuations, HOA, commercial trustee services and REO asset management company, has promoted Cassie Vega to senior director of client experience, bringing more than 12 years of experience in the valuation space to the position.

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Raleigh Realty

FEBRUARY 19, 2022

It's important to note that not all HOA's are the same and some will do very different things than others. If you buy a house with an HOA you'll need to make sure you budget for it, as well as make sure you can play by the rules. as well as 'do I want the rules that come with an HOA?

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Houston Properties

MARCH 14, 2024

Compare photos, neighborhoods, amenities, prices & HOA fees. Free Houston Loft Buying Kit - Updated 2024: 4 Things You To Know About Lofts In Houston.

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Housing Wire

FEBRUARY 5, 2021

According to Realtor.com , homebuyers should look for: Whether the HOA restricts the number of pets or the type of pet A dog-friendly floorplan (i.e., Of the respondents, 61% were dog owners, 45% owned cats, 12% owned fish and 9% were bird owners. You’re probably wondering exactly what kind of features a pet needs in their home to be happy.

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Empire Appraisal Group

JUNE 29, 2023

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.

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Appraisal Buzz

JULY 23, 2024

I don’t want my buyers to be surprised by all of the expenses that come with owning a home in Florida, so I advise them to proactively research the hefty costs of insurance, property taxes and HOA fees, in addition to the cost of their mortgage payment.”

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Housing Wire

MARCH 28, 2024

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. Nearly half (53%) of the owner-occupied homes in America are represented by some form of HOA.

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Housing Wire

APRIL 21, 2023

.” Broeksmit said expenses can fluctuate significantly because some items are not in credit reports (child support or alimony being one example) and others are estimated at application but could change at closing, such as HOA dues, hazard insurance and property taxes.

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Empire Appraisal Group

MAY 30, 2024

This combination of increased housing supply for sale—the damaged homes, combined with strained demand, the resulting spiked home prices, spiked mortgage rates, higher insurance premiums, and higher HOAs—has translated into market softening across much of Southwest Florida.

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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.

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Housing Wire

DECEMBER 21, 2020

Install a pool, paint the shutters or add a second master bedroom (unless you have an HOA, that is.). You’ll likely have more square footage, more bedrooms and more privacy for members of your household. Another nice perk? You can do what you want with the property.

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Berkshire Hathaway

SEPTEMBER 7, 2021

Many homeowners have been reluctant to select a home with a homeowners association (HOA) due to the negative connotation that it has received over the years. Living within the boundaries of an HOA often can mean more rules and lots of critiques from your neighbors. This can make it difficult to turn a profit on an investment property.

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Eppraisal

MAY 23, 2023

Homeowners associations (HOAs) play a significant role in many residential communities, providing governance, maintaining common areas, and enforcing community rules. We will delve into the purpose and functioning of HOAs, shedding light on their importance in fostering harmonious and well-maintained neighborhoods.

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Housing Wire

NOVEMBER 22, 2023

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.

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Empire Appraisal Group

APRIL 4, 2024

Singer RE Q&A: Communicate with your HOA or condo association. Homeowners in a community association, such as an HOA, condo, or co-op, who do not pay their regular or special assessments risk losing their home to foreclosure and having a personal money judgment against them. What If You Can’t Pay Hefty Special Assessment?

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