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Owning a condo in Florida is becoming less attractive: Redfin

Housing Wire

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.

HOA 501
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Pre-Appraisal Checklist for Homeowners

D Fritz Appraisals

Home inspection reports (current and previous). If you’re unsure about the difference between each, we have a helpful blog post on home inspections vs. home appraisals. 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.

Appraisal 129
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Understanding the Math of Profitable Investment Properties

Eppraisal

These may include property taxes, insurance, maintenance and repairs, property management fees, and any homeowner association (HOA) dues. This includes the down payment, closing costs, and any renovation or improvement expenses. Additionally, factor in a contingency for unforeseen expenses.

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13 Questions To Ask When Buying A House

Movoto

Ask about recent renovations, add-ons, or major repairs that you might not notice when viewing a home. Or, they might have noisy neighbors, a difficult HOA, or safety concerns. 6 Are there any Homeowners Association (HOA) fees? Residential properties can belong to a local HOA that cares for neighborhood resources and amenities.

HOA 36
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The Complete Guide to Buying a Home As a Government Employee

Raleigh Realty

With everything from securing a loan to dealing with the home inspection, a home buyer has a lot to handle. Your neighborhood may require homeowner's association (HOA) fees, too. During due diligence, you'll need to hire someone to do a property inspection and appraisal. You'll need to do some renovations.

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How to Ensure you are Properly Protected when Purchasing a Property in the Sunshine State

Lamacchia Realty

Yes, there is a flood risk to live right by the ocean, but you can be protected if that would occur at a reasonable cost.  Condo policies, which in our industry are called HO6 policies are basically a “walls in” policy because the HOA covers the structure itself and the roof.

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Tips for Buying and Selling a Home at the Same Time

PennyMac

Flexibility in Moving: Typically, you'll have up to 60 days post-closing for moving, giving you ample time for packing, furnishing or even some renovations. You’ll also need to factor in ongoing costs like property taxes, homeowners insurance, applicable HOA fees and maintenance. turn your home into a rental property)?