Housing Wire

JANUARY 19, 2023

After years of historic growth, the housing market is beginning to normalize. While some are using the current market uncertainty as an opportunity to promote products that offer less protection under the illusion of saving consumers money, now is not the time to start embracing shortcuts to well-established processes and products.

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Realty Biz

AUGUST 9, 2023

HOA reserve funds are crucial for maintaining and replacing community assets. HOAs conduct reserve studies to assess future costs associated with maintenance and replacement. HOAs conduct reserve studies to assess future costs associated with maintenance and replacement. What Are HOA Reserve Funds?

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Housing Wire

APRIL 21, 2023

This is especially true in today’s labor market, which is shaped by the growth in self-employment, part-time employment, and “gig economy” employment.”

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Realty Biz

NOVEMBER 9, 2023

HOA or homeowners association fees are important financial considerations for condo owners. Understanding what expenses are included in HOA fees is crucial for homeowners' budgeting and financial planning. Let's delve into the details of what a condo HOA fee covers. What are Condominium Fees?

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Realty Biz

JULY 26, 2023

What to Know About Changing HOA Rules Are you wondering about how to go about changes to homeowners association rules and regulations? Changing HOA rules involves a multi-step process. First, a proposal describing the desired changes is submitted and reviewed by the HOA board. Let's dig into everything you need to know.

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Realty Biz

AUGUST 3, 2023

Homeowners considering purchasing a property with a homeowners association (HOA) should inquire about HOA fees before deciding. Understanding the purpose, determinants, and potential increase of HOA fees is vital. Seeking professional advice can aid in making an informed decision about buying a home with HOA fees.

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Realty Biz

NOVEMBER 24, 2022

As we finish up Q4, let’s take a look at some of the latest trends and news that are currently impacting the real estate market. If it seems like more communities than ever are part of a homeowners association (HOA), you are correct. Homeowners Associations are Growing in Popularity.

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Realty Biz

JULY 22, 2023

What to Know About Fines For HOA Rules Violations Homeowners associations (HOAs) can punish residents who violate community rules and regulations. Determining a reasonable fine for committing an HOA violation depends on the infraction's severity and the community's financial situation. What are HOA Violations?

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Housing Wire

DECEMBER 21, 2020

A homebuyer’s guide to a competitive housing market. Install a pool, paint the shutters or add a second master bedroom (unless you have an HOA, that is.). They might keep up the yard and garden, tend to the roof and gutters, and maintain other shared areas of the community, too. More for Real Estate Enthusiasts. Space and flexibility.

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Realty Biz

MARCH 16, 2023

HOA Liens An HOA lien is a legal claim placed on a property by a homeowner's association (HOA) for unpaid dues or fines. HOA liens can impact an individual's credit score and make it difficult to sell or refinance a property until the lien is paid.

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Housing Wire

APRIL 9, 2024

While ChatGPT has almost become a caricature of itself or a buzzword, AI solutions are already making a huge difference in the world of real estate, and not just with marketing materials or basic communications. HOA requirements and documentation: a case in point. We’re not awaiting “impending” improvements.

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Housing Wire

NOVEMBER 2, 2022

Historically, that has represented a solid market, albeit not spectacular. For many firms, those efforts will include increased sales and marketing efforts and new products or services to tap into new markets. Simply shaving a few days from the closing process can give a firm a brand and marketing edge in its market.

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Housing Wire

MARCH 28, 2024

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. Nearly half (53%) of the owner-occupied homes in America are represented by some form of HOA.

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Realty Biz

SEPTEMBER 6, 2022

Last week, I received a certified letter from the HOA saying that they are beginning foreclosure against a lien they have placed on my home. I didn’t get a bill and suddenly, there’s a lawyer’s letter informing me that my HOA is foreclosing on the lien to my house for nonpayment of association fees. I’m totally confused.

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Realty Biz

AUGUST 6, 2023

HOA fees are typical for homeowners, but can they be deducted from your taxes? The deductibility of HOA fees depends on various factors. We will provide an overview of HOA fees and taxes, explore the IRS regulations, and discusses potential exceptions and considerations for rental properties and small business owners.

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Housing Wire

DECEMBER 18, 2020

A homebuyer’s guide to a competitive housing market. If the home is located in an area with an HOA or condo association, there may also be dues there, too. These can be used on primary residences, second homes and investment properties, and they require down payments as low as 3%. More for Real Estate Enthusiasts. The bottom line?

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Realty Biz

JULY 17, 2023

However, the proximity to neighbors and shared walls can compromise privacy, and HOA fees should be carefully considered. Condo owners typically share the responsibility for maintenance tasks, such as exterior repairs, landscaping, and common area upkeep, through the homeowner's association (HOA).

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Realty Biz

MARCH 13, 2023

How Do You Feel About HOAs? There are a lot of pros and cons of HOA communities that home buyers need to consider before they make their decision. If you like the idea of having neighbours who maintain a beautiful lawn so that you can boost the value of your home, then an HOA neighbourhood could be perfect for you.

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Realty Biz

AUGUST 25, 2023

Homeowners often wonder about the potential tax benefits of their condo fees and HOA dues. If your property is used as a home office, you may be able to deduct the portion of HOA fees allocated to that area. Additionally, you can deduct all HOA fees and other related expenses if your property is rented out.

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Realty Biz

MAY 18, 2021

As a part of a Homeowners’ Association (HOA), homeowners pay fees for maintenance and upkeep, according to the guidelines created by the association. The HOA’s goal is to maintain and improve the real estate value of all homes, including local roads and landscapes. An HOA is a community with its own operating system.

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Realty Biz

SEPTEMBER 6, 2020

Most people mistake a homeowners’ association, also known as HOA, to be the same as an HOA management company. While HOA is simply an association of volunteer homeowners with the primary purpose of attending to the community’s needs and wants, an HOA management company specializes in offering professional community management. .

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Realty Biz

APRIL 8, 2022

The changes are just now beginning to be broadly felt across the condo market. The questionnaires to the HOAs also require information about the financial plans for addressing safety and structural integrity issues. However, it has HOAs running very scared. On the surface, this is all well-intended. Please leave your comments.

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Redfin

SEPTEMBER 14, 2023

To make the most of this opportunity, you need to navigate a range of considerations, from understanding condo association rules to marketing your property effectively. Lastly, consider your area’s market conditions and rental rates to set a competitive rental price that attracts suitable tenants while covering your costs.

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HomeLight

OCTOBER 28, 2021

“They’re certainly easier to sell in some markets than others,” says Albert Casalnova , a New York City real estate agent with 15 years experience. Casalnova says that in some markets a one-bedroom is an obvious choice for a great investment with a high ROI. But it comes down to micro-market conditions. Homeowners fees.

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HomeLight

FEBRUARY 21, 2024

But in today’s housing market, it’s becoming more common, especially in areas like Los Angeles, where nearly 64% of the homes for sale are priced at $1 million or more. If the house was in a community with an HOA and if the property taxes were higher than average, you could expect to pay closer to $7,000,” she says.

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Realty Biz

AUGUST 7, 2023

Look into the association's management and HOA fees, and inquire about any pending litigation. Upcoming HOA special assessments and resale potential should also be considered, as well as factors like parking, storage, insurance coverage, amenities, builder reputation, and community livability. What Are the Rules?

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HomeLight

OCTOBER 25, 2023

Unfortunately, there’s no way to eliminate them altogether, but there are ways you can lower your closing costs regardless of the state of the market. Keep in mind that the viability of any strategy will depend on the particulars of each sale and overall market conditions. Title and settlement fees. Inspections and home appraisal fees.

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Housing Wire

APRIL 8, 2021

Like investing in the stock market, setting aside emergency savings and saving for retirement, homeownership is another vehicle that may offer the potential to build wealth,” says Citi Home Lending Officer John Gnisci. Should the property increase in value over time, then you, in turn, will have built up more equity.

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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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Real Trends

OCTOBER 5, 2022

But, the market has changed and buyer concessions are becoming a thing. Have your seller pay for one or two years of the buyer’s homeowners association (HOA) dues. In many markets, it’s not offered by the seller and for years, it wasn’t even asked for by the buyer, lest they lose the bidding war.

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Realty Biz

MAY 21, 2023

vacation rental market has grown 10% since 2021 , and that roughly one in eight travelers have been vacation rental guests. The potential ROI is attractive, and vacation rentals can often offer both cash flow and long-term growth since most vacation rentals are located in desirable markets.

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Realty Biz

MARCH 4, 2024

For homeowners governed by homeowners' association (HOA) regulations, this process may entail submitting landscaping plans for approval, adding another layer of complexity and potential expense. appeared first on RealtyBizNews: Real Estate Marketing & Beyond. The post What Isn’t Included with a New Construction Home?

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HomeLight

AUGUST 20, 2021

We’ll crunch transaction data like list to sale price ratio, average days on market, and client reviews to match you with three top-performing agents for your home sale. Colino advises that concessions are common in Connecticut despite the current seller’s market; sellers often pay around $5,000 in concessions. Attorney fees.

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HomeLight

APRIL 16, 2024

Selling a home the traditional way can be stressful and time consuming, especially in a shifting market. Receive an offer: Opendoor evaluates the information you’ve provided, along with local market trends and comparable sales , to make an initial cash offer for your home. Interested in Selling Your House to an iBuyer?

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Broke Agent Media

APRIL 11, 2023

With the new filter, buyers can now search based on monthly payments—including principal and interest, with estimates for insurance costs, taxes, and HOA fees also factored in. Adding in costs like taxes, insurance and HOA fees can quickly bust a shopper’s budget. to narrow down their options.

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The Close

SEPTEMBER 21, 2020

Affordable Curb Appeal Ideas for Your Local Market. You can talk about listing prices for different types of homes, local home owner associations (HOAs), local regulations, building codes, zoning, schools, restaurants, or anything else you think might be helpful for someone relocating to the neighborhood. Format: List post.

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HomeLight

MARCH 2, 2023

Finding out how long it’s been on the market and whether there have been any price reductions can be an indicator of the desirability of the property, along with how competitive the price is. Your list of questions to discuss with your agent could include the following: How long has the house been on the market? Is there an HOA?

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