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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HOA Insurance Buyers Property Taxes 392

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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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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Housing Wire

FEBRUARY 28, 2025

The trend is most pronounced in Atlanta, Las Vegas, Houston, and parts of Florida , where increasing housing supply is leading to a buyers market. With less competition, some buyers are backing out during the inspection period, hoping for a better deal. Some buyers are getting cold feet with everything going on in the world.

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Inspection HOA Buyers Real Estate Agent 374

Appraisal Buzz

APRIL 7, 2025

Insurance costs are significantly lower compared to coastal areas, leading to more manageable HOA fees and monthly payments for condo owners. Insurance is much cheaper inland than on the coast, which leads to lower HOA fees and more affordable monthly payments for condo owners, said Christopher Maggart, a Redfin Sales Manager in Orlando.

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Housing Wire

JULY 23, 2024

Record-high home prices and elevated mortgage rates are prompting buyers to back out of home purchase agreements at elevated levels. Redfin ’s newest housing market report shows that buyers backed out of 56,000 purchase agreements in June, which constitutes 14.9% of buyers canceled in June. of homes that went under contract.

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Housing Wire

JANUARY 28, 2025

These may be mortgages , tax liens, HOA liens, child support judgments, etc. Fraudsters can register bogus claims for ownership and then attempt to sell the property to an unsuspecting buyer, often disappearing with the cash before the fraud is discovered. Furthermore, the records themselves are not necessarily complete or accurate.

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Appraisal Buzz

MARCH 14, 2025

I recently saw one house get 10 offers and sell for $50,000 over the asking price, and the buyer waived their appraisal contingency. The supply of homes for sale is surging in many parts of Texas and Florida, giving buyers an upper hand, and causing prices to fall. Thats partly because theyve been building more homes than other states.

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Contracts HOA New Listings Real Estate Agent 393

Housing Wire

FEBRUARY 26, 2024

Meanwhile, homeowners association (HOA) fees multiplied for many condo buildings in the aftermath of the 2021 Surfside condo collapse. In May 2022, the Florida Legislature introduced a new condominium safety law, which mandates more rigorous inspections and stronger financial reserves for HOAs.

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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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Marketing HOA Buyers Contracts 370

Appraisal Buzz

APRIL 3, 2025

The condo market has been slowing due to surging insurance costs and HOA fees, which have priced many buyers out. It has also become more common for townhouses and single-family homes to sell below list price as buyers gain negotiating power amid rising inventory and high housing costs, according to a recent report from Redfin.

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Appraisal Buzz

MARCH 25, 2025

Vacasa has just released its 2025 Top 25 Best Places to Buy a Vacation Home report , a helpful resource for vacation rental home buyers new and old, as well as those seeking investment properties. This will favor buyers, allowing more options and increased bargaining power. So what does this mean for vacation rental buyers?

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HOA Buyers Inventory Investing 349

Housing Wire

FEBRUARY 27, 2025

While the key statistics about a property will be available to buyers in the real estate listing description, residential buyers tend to shop with their emotions. Your listing description allows you, as the listing agent, to showcase the property’s best features in a way that reaches potential buyers on a deeper level.

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Real Estate Buyers Agents Renovations 387

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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HOA Real Estate Technology Investors 475

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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HOA Realty Buyers Transportation 69

Housing Wire

MARCH 28, 2024

Hopeful their initial offer might be accepted or that they might beat out other potential buyers. And then, there’s the process of dealing with the property’s Home Owners Association (HOA) or even simply determining whether one is involved at all. Dealing with the HOA—a nightmare for all parties involved.

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HOA Property Management Real Estate Agent Technology 488

Appraisal Buzz

APRIL 2, 2025

Given the widespread expectation of minimal relief on mortgage rates, both buyers and sellers appear to have adjusted their expectations. The increase in available homes provides buyers with more negotiating leverage, suggesting that average home prices across the U.S. will increase only modestly. Home Prices Forecast to Rise 2.4

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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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HOA Insurance Inventory Investors 397

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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HOA Real Estate Agent Technology Real Estate 459

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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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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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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HOA Inventory Real Estate Agent Contracts 221

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

MARCH 18, 2025

Please be aware that a home is deemed affordable if the monthly housing payment for a buyer who takes out a mortgage does not exceed thirty percent of their income. Redfin discovered that for every 10% decrease in homebuying affordability, the proportion of a metros wealthy renters increased by an average of 0.5

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HOA Real Estate Agent Tenants Real Estate 387

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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HOA Buyers Insurance Sellers 52

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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Inventory Marketing HOA Contracts 435

Appraisal Buzz

APRIL 3, 2025

As a result, buyers now have more negotiating power and may frequently negotiate a cheaper price. According to Redfin agents, the condo market has been slowing down particularly swiftly, especially in Florida, as HOA dues skyrocket due to new safety standards and increased insurance prices. gain countrywide. ppts $249,900 11.1%

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Buyers HOA Real Estate Agent Insurance 150

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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HOA Insurance Legal Fees Valuation 370

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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Inspection Insurance Marketing HOA 488

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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HOA Mortgage Legal Law 195

Portland Appraisal Blog

MARCH 15, 2025

Condos almost always entail monthly dues to the governing HOA. While prices have declined, the average monthly HOA dues increased nearly 3% in the region. A condominium in the Pearl District’s Casey complex took the crown for the highest monthly HOA duesa whopping $2,919! HOA dues modestly declined by 1.3%

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Housing Market HOA Marketing Construction 88

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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HOA Insurance Construction Inventory 370

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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Property Management Decorating HOA Property Taxes 418

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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Insurance HOA Real Estate Law 476

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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HOA Legal Buyers Realty 74

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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Insurance Legal Legal Fees HOA 416

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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HOA Property Taxes Advertising Real Estate Agent 397