Will Springer Realtor

MARCH 5, 2024

We have APR, CMA, CC&Rs and, of course, HOA – all commonly used terms to help “abbreviate” our conversations. The seller or lender could pay some or all of it, too. Policies don’t usually pay for HOA dues and homeowners insurance, though. Here are two more, perhaps lesser-known, terms worth noting – PMI and MIP.

Finance 53

Finance HOA Insurance Real Estate 53

Lamacchia Realty

MARCH 9, 2023

WHAT IS AN HOA? An HOA, or Homeowners Association, is when a common interest community – which includes mainly condos but could include some single-family or waterfront properties – provides ground rules for maintaining their common spaces and property. HOAs can also have legal power over properties.

HOA 71

HOA Legal Buyers Realty 71

Realtor

DECEMBER 7, 2019

Monopoly: Hasbro Concept: Greg Chow In a white-hot market, you may feel pressure to make some concessions to win over a seller—and, no, we’re not talking about sending a basket of banana-nut muffins. You want the house, and the seller doesn’t want any hiccups. But it isn’t something sellers or seller’s agents love. “I

HOA 108

HOA Inspection Sellers Appraisal 108

Will Springer Realtor

MAY 2, 2023

These are known as contingencies, or conditions, that require the buyer or seller to take an action or possibly a non-action as part of the overall agreement. The title company hired by the seller to help complete the transaction is responsible for highlighting unusual items tied to the title. More on HOA documents.)

Contracts 55

Contracts Buyers HOA Inspection 55

Lamacchia Realty

JUNE 7, 2022

Lenders must ask specific questions and if the answer is yes to any of them, lenders need to have a Maintenance/Special Assessment addendum completed and signed by the HOA. From there, the HOA or property manager must confirm if the repairs have been completed. Seller Resources. Additional Resources. Buyer Resources.

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HOA Inspection Law Property Management 36

Listing Spark

APRIL 2, 2021

Below I’ll break down these fees in a few different categories like Title closing costs, lender closing costs, contractual closing expenses and then HOA (HomeOwners Association) expenses. Closing Costs for Sellers in Texas. Title Company Fees for Sellers. Buyer and Seller will each pay an escrow fee at closing.

HOA 36

HOA Sellers Insurance Contracts 36

Realtor

DECEMBER 7, 2019

Monopoly: Hasbro Concept: Greg Chow In a white-hot market, you may feel pressure to make some concessions to win over a seller—and, no, we’re not talking about sending a basket of banana-nut muffins. You want the house, and the seller doesn’t want any hiccups. But it isn’t something sellers or seller’s agents love. “I

HOA 78

HOA Inspection Sellers Appraisal 78

Listing Spark

APRIL 2, 2021

Below I’ll break down these fees in a few different categories like Title closing costs, lender closing costs, contractual closing expenses and then HOA (HomeOwners Association) expenses. Title Company Expenses (Seller Paid). Below are the list of fees the seller typically pays that are specific to the title company.

HOA 36

HOA Insurance Sellers Contracts 36

Raleigh Realty

AUGUST 27, 2021

It lets sellers know that you are serious about purchasing their home and that you have done the work to be in good financial standing. Sellers want to know that you will be able to follow-through with the purchase of their home. The price for HOA fees will vary from location to location. What about the light fixtures?

Real Estate Agent 78

Real Estate Agent HOA Agents Real Estate 78

Raleigh Realty

AUGUST 17, 2021

Whether you are a first-time home buyer or you're buying again, you will want to know how Due Diligence and Earnest Money impact you as a buyer or seller in North Carolina The following article is going to be regarding Due Diligence, Due DIligence fees, and Earnest Money in North Carolina Real Estate. Due Diligence: What Is it?

Real Estate 148

Real Estate Real Estate Agent Contracts Inspection 148

Lamacchia Realty

OCTOBER 17, 2022

On the other hand, sometimes sellers can leave behind things the buyer may not have been aware of. Typically, HOAs in Massachusetts, New Hampshire and Florida , for example, bundle some costs into one monthly HOA fee, so be sure to check on those to see what you could be paying.

Buyers 69

Buyers HOA Realty Insurance 69

Lamacchia Realty

MARCH 15, 2022

Do you want to pay an HOA ? Seller Resources. If you do plan on staying in the same home for the foreseeable future, consider your needs for the future Take into consideration: Town and State The size of the house. Do you want an extra room for the family to stay and visit? Condo or House? Or would you still take care of maintenance?

HOA 77

HOA Realty Sellers Buyers 77

Will Springer Realtor

AUGUST 2, 2022

Preparing a home for sale includes dozens – or even hundreds – of steps choreographed between seller, agent and other key individuals. Buyers should read CC&Rs and all related HOA documents to understand the rules and potential risks of purchasing the home.).

Easement 36

Easement Sellers Legal Buyers 36

Movoto

APRIL 30, 2024

Most areas with condo developments are usually subjected to homeowner association (HOA) management or something similar. However, if you’re unable to obtain financing by the end of the lease, you’ll lose the accumulated rent credit and could potentially face legal repercussions from the seller.

Tenants 36

Tenants Real Estate Contracts HOA 36

PennyMac

JUNE 28, 2022

Throughout the process of buying a home, many professionals have contributed important services, and both buyers and sellers will need to pay fees for that before the property can be officially sold. Closing costs can apply to both the buyer and seller. Down payments of 10–24.99%—sellers can contribute 6% of closing costs.

Insurance 36

Insurance Property Taxes Sellers Inspection 36

Lamacchia Realty

DECEMBER 29, 2022

As a final closing tip, we recommend checking whether any remodel you plan on doing is approved by your HOA. All you Should Know About HOAs in Florida. Not being informed or going against the rules on purpose can lead to anything from angry neighbors to a lawsuit. So be smart about what you’re doing. Additional Resources.

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HOA Construction Government Renovations 57

Zillow

JULY 15, 2019

Closing : A one- to two-hour meeting during which ownership of a home is transferred from seller to buyer. A closing is usually attended by the buyer, the seller, both real estate agents and the lender. Closing escrow : The final and official transfer of property from seller to buyer and delivery of appropriate paperwork to each party.

Real Estate Agent 56

Real Estate Agent Insurance Inspection Buyers 56

Lamacchia Realty

MARCH 26, 2024

Source Inventory rises when more sellers are listing than buyers are buying. When there are market changes it often takes sellers time to first realize it and then be willing to accept it. This can be particularly important in a buyer’s market, where buyers have many options and sellers need to stand out.

Bracketing 61

Bracketing HOA Sellers Buyers 61

Housing Wire

SEPTEMBER 24, 2021

Third would be large iBuyer entities paying overinflated prices to sellers to gain market share. Since the approval is lifetime and not based on HOA financials but based upon the CC&R’s, there is no real reason to require this.

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HOA Real Estate Brokerage Realtors 383

Listing Spark

DECEMBER 14, 2023

While buyers will pay the home inspector, you, as the seller, might need to pay a surveyor or the title company. Related: Top 10 Mistakes FSBO Sellers Make and How to Avoid Them One strategy for choosing the right price is to use a smart pricing tool with access to current and historical data for your area.

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Agents Tools Real Estate Buyers 36

Appraisal Today

APRIL 2, 2023

They love the HOA for keeping the neighborhood, pools, and parks looking impeccable, but don’t always like how it goes about enforcing the rules. “Some HOA rules can seem overbearing, but are required by state law—such as no glass or pets in the pool area,” says Kelly G. I will never live anywhere with an HOA.

Contracts 52

Contracts Appraisal HOA Architecture 52

Lamacchia Realty

MARCH 11, 2024

There is usually a few hundred dollar cost associated with obtaining these documents, and it’s not always clear if it’s the seller or the buyer who should pay that fee. The hope is that the listing agent already has access to these items to have them more readily available for buyers.

Buyers 66

Buyers Lending Insurance Mortgage 66

Raleigh Realty

MARCH 29, 2021

Your neighborhood may require homeowner's association (HOA) fees, too. Getting pre-approved tells the seller that you're serious. And the seller's agent will be happier to do business with a colleague in the field. Negotiate with the Seller Another strategy is to ask the seller to cover some or all closing costs.

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Government Real Estate Agent Insurance Property Taxes 148

PennyMac

APRIL 18, 2022

Property taxes and HOA fees are the buyer’s responsibility. While you may ask the seller to cover part (or all) of the closing costs, the reality is that the buyer is generally responsible forthese fees, which can vary widely depending on your loan program, location, and other factors. Process can be complex.

Landlords 36

Landlords Property Taxes HOA Insurance 36

Appraisal Today

DECEMBER 2, 2022

Counseling buyers, sellers, owners, and tenants on inspections and remediations, improvements, and the appraisal process. Counseling buyers, sellers, owners, and tenants about listing and offering prices, and market rent. Completing broker price opinions and Competitive Market Analyses. Compliance with the Equal Credit Opportunity Act.

Appraisal 80

Appraisal Agents Real Estate Real Estate Agent 80

Listing Spark

NOVEMBER 11, 2022

You are technically a For Sale By Owner seller (FSBO). There are some sites, like the FSBO section of Zillow, geared to FSBO sellers that you can use to market your home. The most successful FSBO sellers will pivot away from FSBO sites (where the majority of potential buyers are not searching). Third Party Financing Addendum.

Realtors 36

Realtors Contracts HOA Sellers 36

Realtor

SEPTEMBER 29, 2017

The seller wants that buyer to have some money in the game when they take the house off the market,” Chubirko explains. It’s also your chance to point out repairs you can ask the seller to make on your behalf (and those repairs could cost much more than the inspection itself, which is going to run about $300 to $500.).

Inspection 85

Inspection HOA Insurance Real Estate 85

Listing Spark

JULY 5, 2023

The closing costs you pay on a property, especially as a seller, can easily come out to a hefty 8-10% of the selling price , so doing what you can to understand each line item and reduce the total cost is well worth your efforts. As a seller, you might cover some fees but refuse to make concessions. Airbnb) or long-term rentals.

Investing 36

Investing Real Estate HOA Sellers 36

Realtor

SEPTEMBER 29, 2017

The seller wants that buyer to have some money in the game when they take the house off the market,” Chubirko explains. It’s also your chance to point out repairs you can ask the seller to make on your behalf (and those repairs could cost much more than the inspection itself, which is going to run about $300 to $500.).

Inspection 78

Inspection HOA Insurance Real Estate 78

Lamacchia Realty

FEBRUARY 27, 2024

What does this mean for Sellers ? For current condo owners, this means increased expenses such as higher monthly HOA fees, special assessments, etc. Many sellers are still hesitating to list their homes. These rates majorly impact the decisions of both buyers and sellers as stated above.

Inventory 52

Inventory Sellers Real Estate Buyers 52

Lamacchia Realty

JANUARY 30, 2024

These regulations have made it more complex to purchase a unit in an older building, and therefore have substantially increased HOA fees to cover the costs of the newly required special assessments. And some are not able to sustain the rising HOA fees and insurance rates. This is potentially something we will see more of in 2024.

HOA 49

HOA Inventory Buyers Contracts 49

Will Springer Realtor

APRIL 6, 2021

Buyers typically pay for the HOA-completed questionnaire – around $200 – at closing. To cast a wider net for buyers, some HOAs work with the Federal Housing Administration and Veterans Administration to seek their endorsement as an FHA- or VA-approved condo. A good lender will tell just how big a deal that could become!)

HOA 36

HOA Mortgage Buyers Insurance 36

Raleigh Realty

AUGUST 20, 2022

The seller pays the listing firm. Earnest Money When you find the home you wish to buy, you must submit an earnest money deposit to the seller. This deposit is your way of telling the seller you are serious about buying the home and aren’t going to get the seller’s hopes up and then go off and buy a different house.

Property Taxes 78

Property Taxes Real Estate Agent Insurance Real Estate 78

Will Springer Realtor

MAY 13, 2024

SETTLEMENT FOLLOW-UP A judge has preliminarily approved the $418M antitrust class-action settlement involving sellers’ compensation to brokers/agents in residential real estate sales. The favorable boost in supply is the result of fewer buyers and sellers compared with most spring seasons. Details still need to be ironed out, but U.S.

HOA 36

HOA Transportation Construction Buyers 36

Lamacchia Realty

MARCH 28, 2023

New listings and pending sales are also down year over year as many sellers are hesitating to put their homes on the market, so less homes are being placed under contract and inevitably less homes are closing. Sellers, the sooner you put your home on the market, the more it will sell for ! Buyers, falling mortgage rates is good news!

New Listings 56

New Listings Sellers HOA Buyers 56

Lamacchia Realty

JANUARY 27, 2023

Condo inventory is predicted to spike in 2023 due to multiple factors such as the new regulations and higher HOA fees as a result, so if sellers are thinking of selling their condo/townhome, NOW is the time to do it before everyone else gets the same idea. Then, as rates rose, buyers and sellers began to hesitate to play the game.

Inventory 52

Inventory HOA Insurance Buyers 52

Raleigh Realty

MAY 3, 2021

Pre-approval provides you and the seller a sense of how much house you can buy. A real estate agent also will be well-versed in seller's disclosures, titles, and mortgage statements. They'll also know the right negotiation tactics to try with the seller's agent. The seller may offer a list of disclosures.

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Real Estate Agent Real Estate Insurance Inspection 78