Appraisal Buzz

SEPTEMBER 4, 2024

According to a new study from Redfin , condo prices are falling in major Florida and Texas metros, as inventory piles up and buyers back off, as high HOA fees and insurance costs are making condos a tough sell in this current marketplace. That’s adding to the surge in condo inventory, which is piling up as buyers turn away.

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Appraisal Buzz

JULY 23, 2024

Buyers are getting more and more selective,” said Julie Zubiate, a Redfin Premier real estate agent in the San Francisco Bay Area. Buyers often back out during the inspection period because they find something they don’t like, but affordability is really the underlying issue. of homes that went under contract. June 2024 U.S.

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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

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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Appraisal Buzz

DECEMBER 16, 2024

But that benefit is beginning to be offset by a surge in insurance costs and HOA fees caused by intensifying natural disasters ,along with rising property taxes. This gives buyers leverage when theyre negotiating with other insurers. Buyers are also considering how much theyll have to pay for insurance when writing offers, he said.

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Housing Wire

DECEMBER 3, 2024

Once the process starts, nearly half of home buyers report shedding tears at some point. Fortunately, home buying doesn’t have to remain confusing for new buyers. Zillow offers a robust monthly cost calculator to help prospective buyers budget for monthly payments. How much home can I afford?

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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

JULY 24, 2024

The growing number of homes sitting on the market without finding buyers is attributed to record-high home prices and elevated mortgage rates in the 7% range, which are deterring potential buyers. This trend is contributing to a glut of unsold inventory. Despite the sluggish demand, supply remains relatively high.

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Housing Wire

NOVEMBER 22, 2024

Redfin noted that investors prefer low-priced homes due to low acquisition costs and larger pools of potential buyers or renters. Additionally, home insurance and HOA fees are skyrocketing,” Redfin noted. High-priced and mid-priced homes accounted for shares of 30.4% and 23.9%, respectively.

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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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Appraisal Buzz

OCTOBER 14, 2024

Last week’s big interest rate cut by the Federal Reserve will give buyers a boost in confidence.” Seattle Homes Sell in Less Than Two Weeks, Other Florida Metros Take More Than 9 Weeks Analyzing the median number of days it takes for a house to find a buyer is another method to furthwer assess the market’s pace and activity.

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Housing Wire

JULY 24, 2024

Inventory has gone from a three-month supply a year ago to at least six months, so really we are into a buyers’ market now.” As the reality sinks in of what these special assessments mean for owners and prospective buyers, local agents say they have certainly had an impact on the state’s condo market.

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Appraisal Buzz

JUNE 18, 2024

Foxfield at Naaman’s Creek Homeowners Association, Mohamed Ahmadat and Raechelle Eventoff was commenced by a homeowners’ association (HOA) due to delinquent HOA assessments. The HOA initiated a foreclosure action under its HOA liens that proceeded to a Sheriff’s Sale of the property.

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Appraisal Buzz

JUNE 5, 2024

The home price slowing also highlights buyers’ increased sensitivity to rising interest rates, as well as the anticipation that presumed lower rates down the road will help ease the affordability crunch,” Hepp said. The next CoreLogic HPI press release, featuring May 2024 data, is scheduled to be issued on July 2, 2024.

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Housing Wire

JANUARY 22, 2021

Townhouses tend to be a bit larger than condos, and buyers actually own the land they rest on, too. There will be more maintenance and repairs to cover, higher insurance premiums to account for, and you’ll be responsible for things like property taxes and HOA dues, too. 5 tips for finding the right mortgage lender for you. Townhouses.

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Housing Wire

JANUARY 19, 2023

Today, title insurance protects millions of property buyers from threats to their property rights, including recording errors, unpaid liens, forged signatures on deeds, and fraudulent activity. But in 1868, a Pennsylvania Supreme Court decision led to the codification of the incorporation and regulation of title insurance companies into law.

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Appraisal Buzz

DECEMBER 30, 2024

Redfin reports a major reason for the jump in housing supply is a pileup of unsold homes, many of which buyers have deemed undesirable because they seem overpriced. Surging HOA fees, high insurance costs and destructive natural disasters are also making many Florida house hunters hesitant to pull the trigger. month-over-month, and 12.1%

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Appraisal Buzz

OCTOBER 28, 2024

Home prices that are much higher than in pre-pandemic times and the disaster-driven surge in HOA and insurance costs are now pricing homebuyers out of the market.” The increase in property taxes is the last straw for some prospective buyers,” de la Campa said. Top 5 Metro Areas Where Property Taxes Have Increased Most Since 2019 U.S.

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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.

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Appraisal Buzz

OCTOBER 3, 2024

Rising prices and low supply: This year has seen record highs for US home prices, with steady price increases due to a steady demand from buyers. Presidential race between two candidates with diametrically opposed economic and housing policies, many buyers and sellers have adopted a wait-and-see attitude.

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Appraisal Buzz

AUGUST 6, 2024

The analysis offers a far more thorough rent vs buy comparison by accounting for all costs associated with buying, such as taxes, insurance, HOA dues, and remodeling expenses in America’s 100 most populated metro areas and contrasted average rent pricing with those costs. Where Does It Make the Most Sense to Purchase a Home?

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Raleigh Realty

FEBRUARY 19, 2022

One of the largest reasons some buyers walk away from a home purchase feeling remorseful is because they don't consider everything about purchasing real estate before they jump into it. There are common buyer mistakes we address with all of our buyers upfront so they have a highly successful transaction.

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Lamacchia Realty

NOVEMBER 6, 2024

ALL YOU SHOULD KNOW ABOUT FLORIDA HOAs Buying a home in an area with HOA (Homeowners Association) fees can be tricky, especially since many people aren’t familiar with the process. Although it might not seem so at first, HOAs in Florida are there to help you as a homeowner. HOAs in Florida: What Exactly are They?

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Appraisal Buzz

JUNE 4, 2024

The home price slowing also highlights buyers’ increased sensitivity to rising interest rates, as well as the anticipation that presumed lower rates down the road will help ease the affordability crunch,” Hepp adds. percent below the March-to-April average.” “The

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Housing Wire

APRIL 4, 2024

And the property itself did not come up on my agents’ MLS search for me because the monthly HOA fee was a few dollars more per month than what he had set as the max on the search. So we created our own proprietary wish-list-based search. As an example, I bought a condo a few years ago.

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Housing Wire

OCTOBER 13, 2022

Prior to the advent and widespread use of title insurance, before taking title to a property, the buyer required that the title be free of any rights, interests, liens or encumbrances of others for which the buyer would be responsible for.

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Hank Miller Team

DECEMBER 3, 2024

HOA issues are on the rise, but the vitriol directed at them is not always justified. Over the last several years, many HOAs have been financially stressed and that stress is being passed to residents. Over the last several years, many HOAs have been financially stressed and that stress is being passed to residents.

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Housing Wire

JULY 10, 2024

Seller / Buyer/ Balanced). There is no advantage to either buyers or sellers in this type of market. Buyer’s Market – Greater than six months’ worth of inventory in the area. There are usually many properties available at different price points in a buyer’s market and properties generally take longer to sell.

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Lamacchia Realty

SEPTEMBER 28, 2021

ALL YOU SHOULD KNOW ABOUT FLORIDA HOAs. Purchasing a home in an area with HOA fees can be tricky, especially since many people aren’t familiar with the process. Although it might not seem so at first, HOAs in Florida are there to help you as a homeowner. HOAs in Florida - what are they? Hire professionals for help.

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Will Springer Realtor

MAY 2, 2023

Home buyers are consumers. These buyers also have the right to either add or omit some of those available rights when their real estate broker drafts an offer. 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.

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Eppraisal

MARCH 26, 2024

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. They even clarify the type of post, measurements and paint finish.

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Lamacchia Realty

OCTOBER 17, 2022

QUESTIONS BUYERS SHOULD ASK WHEN TOURING A PROPERTY. And as a buyer, purchasing their home is very exciting but also a significant decision and can be a bit overwhelming. On the other hand, sometimes sellers can leave behind things the buyer may not have been aware of. There are a variety of reasons people sell their home.

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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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Lamacchia Realty

FEBRUARY 18, 2022

However, what you should be aware of is that even though you own your condo, it’s managed by the HOA. HOA The Home Owners Association manages condos and their communal areas. First, you’ll need to abide by certain HOA laws and regulations in Massachusetts. This way, paying those HOA fines will be easier. Car parking?

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Listing Spark

JANUARY 5, 2025

Some of the expenses you can expect as a seller in Texas are: Commissions Title Insurance Policy HOA Fees: Its a good idea to call your HOA to find out what expenses are incurred by the seller in your neighborhood Home Warranty Survey (if you dont have your existing one) Misc. Or better yet, hire a handyman to do it right.

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Padove Appraisal Service

SEPTEMBER 25, 2017

townhomes served by a homeowners’ association (HOA) are becoming increasingly popular. that are part of an HOA typically require payment of monthly dues however, these dues often cover. In some cases, the HOA maintains recreational facilities such as. HOA members. Condominiums and. Residences. The latter is a.

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Lamacchia Realty

FEBRUARY 19, 2024

Low-rises are located both in urban and suburban areas, meaning home buyers have the option between a lively city life or a peaceful suburban feel. Amenities for loft condo owners vary and all depend on the specific HOA. However, what you should be aware of is that even though you own your condo, it’s managed by the HOA.

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