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Homeowners vs. Condo Associations: The Similarities

Empire Appraisal Group

Homeowners vs. Condo Associations: The Similarities Source: [link] By Joel Maxson How does a homeownersassociation rider differ from a condominium rider? How is it similar? This month’s focus is on the similarities between the two. We’ll look at some similarities in this article.

HOA 78
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Communication Tips for Real Estate Can Mean a Smoother Transaction

McKissock

Condo or homeowner’s association contact information is also needed, so the closing agent can request a Certificate of Approval and verify all association payments. Maintaining good communication with all parties involved in a real estate transaction makes closings smoother and faster.

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Condo Vs. Townhouse: How Are They Different, And Which Is Right For You?

Quicken Loans

But, these days, an increasing number of home buyers are forgoing the detached, single-family home in favor of the more community-minded style of living that condos and townhouses provide. What Is The Difference Between A Condo And A Townhouse? What Is A Condo? Of course, not all condos are apartments.

HOA 64
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Seattle Area Housing Market Remains Not for the Faint of Heart

Will Springer Realtor

The median price of a King County home (single-family, townhome, condo combined) stood at $799,925, statistically unchanged from October and up 6.7% The Seattle area housing market right now reads like a mystery novel with half the pages missing. November featured a sharp drop in activity and mixed home prices across King County. higher YoY.

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REAL ESTATE SETTLEMENT WILL UNSETTLE BUYERS

Will Springer Realtor

Recent news that the National Association of Realtors® (NAR) wishes to settle a series of lawsuits from home sellers has sent ripples through the real estate industry. Allegations of collusion to inflate compensation paid to both buyer and seller agents in transactions prompted this landmark settlement, estimated at a staggering $418M.

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Economic Turbulence Prompts Seattle Area Market Concern vs. Year Ago

Will Springer Realtor

The number of homeowners deciding to sell continues to lag, but inventory and time on market continue to [mostly] climb, reflecting still-hesitant buyers.” The single-family-home segment offers a similar picture, with county prices up 2.4% With rates surging today – to near 7.0% since January to $726,700, they are 4.4%

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HOME BUYERS FACING ‘TRIPLE-WHAMMY’ EFFECT

Will Springer Realtor

Take this example, courtesy ListReports, based on a conservative $300,000 loan and when the interest-rate difference was a half percentage point: A typical mortgage in King County could easily be double the amount in the above example, and the Mortgage Bankers Association reported in late January the average new mortgage hit a record $441,100.

Buyers 36