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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.

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Pre-Appraisal Checklist for Homeowners

D Fritz Appraisals

Whether you’re selling, refinancing, dividing assets, settling an estate, or determining capital gains on an income property , it pays dividends to be prepared for your home appraisal. The benchmark for your home’s worth, an appraisal is a legal document that determines the fair market value of a property.

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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?

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5 Expenses Homeowners Pay That Renters Don't

Zillow

Homeowners insurance protects you against losses and damage to your home caused by perils such as fires, storms or burglary. It also covers legal costs if someone is injured in your home or on your property. Homeowners insurance is almost always required in order to get a home loan.

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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.

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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). Homeowners insurance covers a certain amount of damage to your home, and it’s required by most lenders.

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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. How Much Can You Expect to Pay?