Housing Wire

MARCH 28, 2024

Hopeful their initial offer might be accepted or that they might beat out other potential buyers. Yes, the process of orchestrating the collaboration of lenders, appraisers , home inspectors, one or two real estate agents, a title insurance company, and possibly others is complex. Then, they might become hopeful.

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HOA Property Management Real Estate Agent Technology 488

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. of homes in the counties where buyers under 35 took out the largest share of mortgages.

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HOA Insurance Buyers Property Taxes 392

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

Housing Wire

NOVEMBER 22, 2023

The process of orchestrating the collaboration of lenders, appraisers, home inspectors, one or two real estate agents, a title insurance company and possibly others is complex. 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.

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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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Tools Finance HOA Property Taxes 397

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

JANUARY 19, 2023

Title insurance is one such proven product with a long history of protecting homeowners’ right to property. Before title insurance, property rights were not guaranteed. 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

Appraisal Buzz

MAY 6, 2024

Does the cost of homeowners insurance affect the price of a home? In recent years, insurance companies have pulled out of some markets altogether after sustaining massive losses due to wildfires, flooding, and other climate-related disasters. In some markets, the answer is increasingly yes.

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HOA Insurance Legal Fees Valuation 370

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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Investors Real Estate HOA Housing Market 488

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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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

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

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.

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Property Management Decorating HOA Property Taxes 418

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. year-over-year.

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HOA Inventory Real Estate Agent Contracts 221

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. Atlanta $2,811 106.8% $239 65.8% Tampa, FL $2,797 112.4% $250 56.7%

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Property Taxes Home Value Government HOA 349

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

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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HOA Tenants Mortgage Buyers 397

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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HOA Insurance Construction Inventory 195

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 67

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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HOA Real Estate Buyers Construction 148

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. Increasing HOA Fees HOA fees in Greater Atlanta increased by 12.2 The bite is severe and it’s going to get worse.

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HOA Buyers Insurance Sellers 52

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. If it is, you will likely need to purchase flood insurance on top of your home insurance, a cost you should factor into your budget.

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Buyers HOA Realty Insurance 63

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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Sellers HOA Real Estate Agent Contracts 69

Realtor

SEPTEMBER 29, 2017

The good news is that buyers don’t have to go in blindly: Your VA loan-savvy real estate agent will be your ally in helping you estimate the costs you will need throughout the process, no matter where you live. Buyers will often pay this fee, which runs, on average, about $30 , to their lender when they first apply for a loan.

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Inspection HOA Insurance Appraisal 85

Lamacchia Realty

MARCH 11, 2024

Buyers hoping to purchase condos have been under more stringent lending regulations over the past three years, initially under temporary guidelines that were later made permanent. Buyers and buyer agents alike needed to be keenly aware of how the new regulations would impact the purchase of a condo in any building over 5 units.

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Buyers Lending Insurance Mortgage 60

Listing Spark

DECEMBER 9, 2020

It is more than likely that if you are selling a residential home in Texas the buyer is going to ask you (home seller) to pay for the title insurance policy. The title insurance premium is set by the Texas Department of Insurance and will be the exact same at any title company you choose. Contractual Expenses.

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Sellers HOA Insurance Contracts 69

Realtor

SEPTEMBER 29, 2017

The good news is that buyers don’t have to go in blindly: Your VA loan-savvy real estate agent will be your ally in helping you estimate the costs you will need throughout the process, no matter where you live. Buyers will often pay this fee, which runs, on average, about $30 , to their lender when they first apply for a loan.

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Inspection HOA Insurance Appraisal 78

Raleigh Realty

AUGUST 11, 2021

For the majority of prospective buyers, location is one of their top priorities. The following are some of the most common mortgage options provided to you by lenders: Federal Housing Administration (FHA) Loans - FHA loans are government-insured loans and are relatively speaking, easy to qualify for. What size house do you want? -

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Real Estate Agent Property Taxes Finance Real Estate 137

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.

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Real Estate Real Estate Agent Contracts Inspection 148

Quicken Loans

APRIL 6, 2021

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. While these HOAs are not responsible for the maintenance of the individual townhouses, they oversee the preservation of the community as a whole.

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HOA Finance Property Taxes Buyers 64

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. Let’s start with Mortgage Insurance Premiums. borrowers who carry a loan with a guarantee or mortgage insurance pay MIP, according to Forbes. Mortgage insurance is calculated as a percentage of the loan.

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Finance HOA Insurance Real Estate 56

Raleigh Realty

AUGUST 27, 2021

Here's everything you need to know about buying a home Whether you are a first-time home buyer or a seasoned veteran of the housing market, buying a house is no small undertaking. There is nothing worse for a buyer than starting to look at homes online, falling in love with a few, then realizing that they are not in your budget.

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Real Estate Agent HOA Real Estate Agents 78

Raleigh Realty

AUGUST 20, 2022

Hidden Costs when Purchasing a Home There are hidden costs when buying a home, including closing costs, insurance, or utility costs. When many buyers consider the cost of purchasing a home, the mortgage payment is typically the expense that immediately comes to mind. This is one thing many buyers don't realize.

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Property Taxes Real Estate Agent Insurance Real Estate 78

Lamacchia Realty

MARCH 26, 2024

Condo sales in particular have experienced a significant decline in recent weeks which can be attributed to the ongoing insurance crisis in the state and to the increased association fees and/or added special assessments for condos due to the more stringent regulations resulting from the tragic Champlain Tower Collapse in Surfside, Florida.

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Bracketing HOA Sellers Buyers 55

Raleigh Realty

MARCH 29, 2021

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. They just oversee the process.

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Government Real Estate Agent Insurance Property Taxes 148

Zillow

JULY 15, 2019

Buyers market : Market conditions that exist when homes for sale outnumber buyers. Cancellation of escrow : A situation in which a buyer backs out of a home purchase. Capacity : The amount of money a home buyer can afford to borrow. Buyers should budget for an amount that is 1% to 3% of the home's purchase price.

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Real Estate Agent Inspection Insurance Sellers 56

Listing Spark

FEBRUARY 6, 2023

Episode Summary In this episode, Aaron Jistel (Broker and Co-Founder at ListingSpark) focuses on how recent changes to Texas Real Estate Commission’s contracts and documents may affect home sellers and buyers. As a seller, this can help to ensure that buyers have the actual cash they are claiming they have.

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Contracts Real Estate Sellers Buyers 36