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Owning a condo in Florida is becoming less attractive: Redfin

Housing Wire

The cost of homeowners insurance has surged in Florida as insurance companies have grappled with significant losses due to an increase in natural disasters. And homeowners insurance costs are three times higher in Florida than the national average. Condos that used to have a $400 monthly maintenance fee may now have a $700 fee.

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Home Appraisals – What Do They Look For?

D Fritz Appraisals

Home appraisers are trained to inspect and measure your property and perform comparisons that result in an accurate valuation for the current housing market. They are also used to assess the value of the home for home improvement loans and insurance evaluations. Renovation loan assessments. Valuation for insurance claims.

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Understanding the Math of Profitable Investment Properties

Eppraisal

These may include property taxes, insurance, maintenance and repairs, property management fees, and any homeowner association (HOA) dues. This includes the down payment, closing costs, and any renovation or improvement expenses. Additionally, factor in a contingency for unforeseen expenses.

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The Complete Guide to Buying a Home As a Government Employee

Raleigh Realty

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. Are You a Good Neighbor Next Door?

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The Pros and Cons of Buying a House

PennyMac

Property taxes and HOA fees are the buyer’s responsibility. Rental insurance is inexpensive. May be required to allow landlord access to home for inspections. Renters insurance is far cheaper than homeowners insurance. Requires upfront costs for down payment, closing fees, etc. Process can be complex.

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How to Ensure you are Properly Protected when Purchasing a Property in the Sunshine State

Lamacchia Realty

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. 

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Important Mortgage Acronyms

Assurance Financial

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. FAIR (Fair Access to Insurance Requirement). FAIR is a state-mandated program and usually costs more than a private insurance policy. HOA (Homeowners Association).