Appraisal Buzz

DECEMBER 30, 2024

The typical home that did go under contract in November did so in 43 days, the slowest November pace since 2019. Surging HOA fees, high insurance costs and destructive natural disasters are also making many Florida house hunters hesitant to pull the trigger. a year earlier. Florida has also seen the biggest increase in stale inventory.

HOA 221

HOA Inventory Real Estate Agent Contracts 221

Appraisal Buzz

OCTOBER 14, 2024

Before entering into a contract in August, the average U.S. Homes are remaining on the market for longer now that inward migration has bottomed off, and rising insurance and HOA dues are further dampening buyer demand. That’s why it’s so important to price your home to move quickly.

Marketing 370

Marketing HOA Buyers Contracts 370

Empire Appraisal Group

MAY 20, 2021

Can Condos or HOAs Require Vaccination Proof to Use Amenities? Source: Can Condos or HOAs Require Vaccination Proof to Use Amenities? The post Can Condos or HOAs Require Vaccination Proof to Use Amenities? Florida Realtors. By Rob Samouce. NAPLES, Fla. – © 2021 Journal Media Group. © 2021 Journal Media Group.

HOA 78

HOA Easement Tenants Law 78

Housing Wire

JULY 10, 2024

The goal of a successful listing appointment is to win the listing and walk away with a signed contract in hand. Here’s how you can crush every listing appointment and leave with a signed contract. As we said at the beginning, a successful listing presentation ends with a signed contract. It’s that simple.

Sellers 379

Sellers Real Estate Agents Clients 379

Will Springer Realtor

MAY 2, 2023

They have safeguards built in to written agreements such as a purchase contract on a home. Assuming the buyer followed the rules of the contract contingency, he/she would get the earnest money back and the deal is off the table – all thanks to this important condition. More on HOA documents.) Home buyers are consumers.

Contracts 58

Contracts Buyers HOA Inspection 58

Appraisal Today

APRIL 2, 2023

What Do Appraisers Look For in a Sales Contract? Why must an appraiser be given a copy of the sales contract? Secondly, the appraiser is likely familiar with the local real estate contract forms, customary terms, and conditions of real estate transactions in the area, and might be able to identify irregularities and comment on them.

Contracts 52

Contracts Appraisal HOA Architecture 52

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. . – With over 1.5

HOA 78

HOA Contracts Sellers Buyers 78

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.

Sellers 69

Sellers HOA Real Estate Agent Contracts 69

Raleigh Realty

AUGUST 17, 2021

Understanding Due Diligence and Earnest Money in North Carolina Real Estate When you go under contract on a home in North Carolina you are going to encounter terms like Due Diligence and Earnest Money. It's important to note that real estate contracts and laws change depending on what state you are in. Due Diligence: What Is it?

Real Estate 148

Real Estate Real Estate Agent Contracts Inspection 148

D Fritz Appraisals

MARCH 16, 2021

HOA documents – if you live in an HOA neighbourhood, the appraiser will need to see the costs, regular maintenance schedule, history of fee increases, etc. It’s important to note that any undisclosed additions can cause a breach of conditions in your sale contract.

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Appraisal HOA Easement Valuation 129

Appraisal Today

JULY 5, 2024

NOTE: Please scroll down to read the other topics in this long blog post on HOA Horror Stories, Zillow and Redfin lawsuits Videos and Privacy, Residential to commercial transition, real estate market, unusual homes, mortgage origination stats, etc $139M Bel-Air CA Megamansion Excerpts: 12 bedrooms, 17 baths, 2.08

HOA 65

HOA Appraisal Real Estate Contracts 65

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. “It is important to get that notice out up front, and this contract is now going to make that a little bit more clear.

Contracts 36

Contracts Real Estate Sellers Buyers 36

Listing Spark

DECEMBER 9, 2020

Aside from the fees charged by the title company which may not be specifically outlined in the contract, there are fees in the TREC 1-4 residential contract and related addenda that clearly states who pays different fees. Survey Deletion Endorsement : This is section 6A(8)(i or ii) of the contract. Homeowner Association Fees.

Sellers 69

Sellers HOA Insurance Contracts 69

Raleigh Realty

JULY 12, 2022

Might have homeowner’s association (HOA) fees. Once you pay off your mortgage, a condo owner only needs to worry about paying utilities and possible HOA fees. Sometimes, you can negotiate for previous owners to cover repairs through contingencies in your offer contract. In many cases, a condo will have an HOA.

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HOA Landlords Mortgage Tenants 60

Movoto

JANUARY 28, 2022

Clear your plans with your HOA (if you have one). If you live in a community that has a homeowners association (HOA), there may be provisions against renting out your house. If you are allowed to have renters, they will still have to follow HOA guidelines for maintenance, noise, and other rules. The post Renting?

HOA 48

HOA Tenants Landlords Law 48

Raleigh Realty

AUGUST 27, 2021

Once you have found your perfect real estate agent, then comes signing an agency contract This is a necessary step to take so that you can ensure your agent is dedicated to you and will do everything in their power to find your perfect home. The price for HOA fees will vary from location to location. What Are My Total Costs?

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Real Estate Agent HOA Real Estate Agents 78

Listing Spark

APRIL 2, 2021

When reviewing the standard residential contract (called a 1-4 residential contract) plus numerous addendums, it can be difficult to unpack who pays for closing costs in Texas. In the event there is not an existing survey, the contract can be negotiated to dictate who pays for that. Closing Costs for Sellers in Texas.

HOA 36

HOA Sellers Insurance Contracts 36

Listing Spark

APRIL 2, 2021

When reviewing the standard residential contract (called a 1-4 residential contract) plus numerous addendums, it can be difficult to unpack who pays for closing costs in Texas. Appraisal Fee: The lender will want an unbiased third party to provide an appraisal to verify the value of the property lines up with the contract price.

HOA 36

HOA Insurance Sellers Contracts 36

Realvals

JULY 29, 2022

Page one contains the subject, contract, neighborhood, site, and improvement sections. This is followed by neighborhood name, occupant type, PUD/HOA info, property rights appraised, and assignment type. Page One – Contract. The contract section is only used when the purpose of the appraisal is for a purchase.

Appraisal 78

Appraisal HOA Contracts Clients 78

Lamacchia Realty

JANUARY 30, 2024

The 2023 South Florida real estate market, like national trends, saw a decrease in sales, an increase in prices, and a decrease in the number of homes listed and placed under contract. The number of homes listed decreased by 10% The number of homes placed under contract decreased by 14.1%

HOA 46

HOA Inventory Buyers Contracts 46

Listing Spark

NOVEMBER 11, 2022

Here is the information you will need to get from unrepresented buyers in order to complete the contracts: Sales price. There is more information needed once you have the contracts themselves. This should allow you to move on to the next phase of preparing a written contract. 1-4 Residential Resale Contract.

Realtors 36

Realtors Contracts HOA Sellers 36

Lamacchia Realty

MARCH 26, 2024

The chart below shows the median time to contract, which is the number of days it takes for the property to be considered off the market. Speed of Sale: Adjusting the price to account for higher insurance premiums and HOA fees can lead to a quicker sale. Source Inventory rises when more sellers are listing than buyers are buying.

Bracketing 55

Bracketing HOA Sellers Buyers 55

Will Springer Realtor

APRIL 6, 2021

As for a project where the developer is selling new-construction units, Fannie will only back mortgages if at least 50% of the homes have been conveyed (under contract) to principal residences or a limited number of second-home purchasers. Buyers typically pay for the HOA-completed questionnaire – around $200 – at closing.

HOA 36

HOA Mortgage Buyers Insurance 36

Appraisal Today

AUGUST 16, 2024

I have seen differences between condo projects with high HOA dues or high special assessments that affect values. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) decreased to 6.54 The average contract interest rate for 15-year fixed-rate mortgages decreased to 5.96

Appraisal 69

Appraisal Contracts Mortgage Design 69

Zillow

JULY 15, 2019

Contingencies : Conditions written into a home purchase contract that protect the buyer should issues arise with financing, the home inspection, etc. Inspection occurs when the home is under contract or in escrow. Special assessment : A fee charged by a condo complex HOA when cash on reserve is not enough to cover unexpected expenses.

Real Estate Agent 56

Real Estate Agent Inspection Insurance Sellers 56

Appraisal Today

DECEMBER 2, 2022

Investigate by asking specific questions pertaining to the property such as improvements, what and how long ago, permitted work, HOA, municipalities, etc. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) decreased to 6.49 To read more, click here. percent from 0.6

Appraisal 80

Appraisal Agents Real Estate Real Estate Agent 80

Lamacchia Realty

FEBRUARY 27, 2024

2024: 12,307 2023: 9,929 2022: 10,583 Pending Home Sales: The number of homes placed under contract is down by 9.1% For current condo owners, this means increased expenses such as higher monthly HOA fees, special assessments, etc. when compared to January 2023. What’s happening in the market?

Inventory 48

Inventory Sellers Real Estate Buyers 48

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.

New Listings 50

New Listings Sellers HOA Buyers 50

Appraisal Today

FEBRUARY 2, 2024

There is no formal HOA either. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) remained unchanged at 6.78 The average contract interest rate for 30-year fixed-rate mortgages with jumbo loan balances (greater than $726,200) remained unchanged at 6.94

Appraisal 66

Appraisal Contracts Training Real Estate 66

Movoto

APRIL 30, 2024

Most areas with condo developments are usually subjected to homeowner association (HOA) management or something similar. Rent to Own Condo Contracts Before you transition to purchasing the property, you’ll need to sign a contract for the duration of your lease or rental agreement, much like any other rent to own home.

Tenants 36

Tenants Real Estate Contracts HOA 36

Lamacchia Realty

JULY 29, 2024

Pending Home Sales (contracts accepted) Pending home sales in South Florida decreased by 8.4% Rising regulatory costs are driving up expenses for condo and townhouse owners through increased HOA fees, special assessments , and homeowners’ insurance premiums. over this timeframe in 2023.

Sellers 51

Sellers Buyers Insurance Inventory 51

Raleigh Realty

MAY 3, 2021

Hiring a real estate agent gives you a knowledgeable professional who knows how to read contracts. Best of all, your real estate agent can draft a contract that protects your interests. Due diligence is a time frame that stretches from when you enter into a contract to when you close on the house. What is Due Diligence?

Real Estate Agent 78

Real Estate Agent Real Estate Inspection Insurance 78

Raleigh Realty

MARCH 29, 2021

Your neighborhood may require homeowner's association (HOA) fees, too. Due diligence stretches from the time you sign a contract to closing. Consider Property Taxes When you pay for your home, you'll need to pay other fees like property taxes and insurance. These fees can add a few hundred dollars to your monthly payments.

Government 148

Government Real Estate Agent Insurance Property Taxes 148

Will Springer Realtor

NOVEMBER 10, 2023

That’s the fourth-highest number of residents of any state and it’s only expected to grow as HOAs become increasingly common. We can look back to post-World War II when HOAs helped to create the initial segregation of the suburbs with planned developments – such as Levittown in New York – and gated communities. Census data.

HOA 36

HOA Buyers Law Supply Chain 36

PennyMac

AUGUST 14, 2024

Cons: Potential for Dual Mortgages: If your current home doesn’t sell quickly, you might end up juggling two mortgages, along with other costs like utilities, taxes, homeowners association (HOA) fees and insurance. You’ll also need to factor in ongoing costs like property taxes, homeowners insurance, applicable HOA fees and maintenance.

Real Estate Agent 47

Real Estate Agent HOA Finance Real Estate 47

Raleigh Realty

AUGUST 20, 2022

On the flip side, if you cannot obtain a mortgage or decide to walk away from the deal, you may lose that deposit, depending on how your contract is worded. Homeowner’s Association Fees Homeowner’s association fees (HOA) do not apply to all homeowners.

Property Taxes 78

Property Taxes Real Estate Agent Insurance Real Estate 78

Listing Spark

JULY 5, 2023

Presenting a clean and simple contract and taking on some of the fees may make your offer more appealing. You will also want to make sure you get the HOA documents as early as possible to ensure there’s not a cap or a full restriction against short-term rentals (ex., Airbnb) or long-term rentals.

Investing 36

Investing Real Estate HOA Sellers 36