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Fannie Mae and Freddie Mac update condo, co-op policy guidance

Housing Wire

Government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac released updates on Wednesday related to condominium and co-operative project standards policies for properties in need of critical repairs and special assessments. “At You can determine whether or not a project does indeed require repairs.”

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How Do You Sell a Condominium With a Special Assessment?

Maximum Exposure Real Estate

Selling a condominium (condo) with a special assessment can be challenging. When you sell a condo, you don’t want to be hindered by costs that make your property look unattractive. It is one of the things that can make […] The post How Do You Sell a Condominium With a Special Assessment?

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The Hidden Costs of Buying a Condo

RIS Media

Condo owners can avoid landscaping, roof repair, deck repair, and sometimes even window repair charges. Condos have annual, monthly, or quarterly charges in the form of homeowner association fees that cover typical building maintenance. When buying a condo, carefully look over the financial statement. Additional Insurance.

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What’s Happening With Condo Maintenance Fees? (Pt2)

Toronto Realty Blog

per square foot and they were the black sheep of the condo world. for a condo measuring 854 square feet. As the reader noted on Monday, many condos also come with rental items. As another reader noted on Monday, some condos are all-inclusive, some include water and gas, some include just water, and some include none.

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Are Your Condo Fees Going Up?

Dwell Real Estate

Florida Condos Start to See Impact of Surfside Collapse By Kimberly Miller The tragedy rattled a Fla. One Palm Beach condo complex expected a 25% increase – but coverage rose by 82%. Insurance on the 12-story building across from the Lake Worth Lagoon increased 82%, requiring a special meeting to hike the budget and jack up dues.

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What are the Alternatives to the Zillow House Value Estimate?

Realty Biz

Establishing an accurate market value is essential when buying or selling a home. The process typically involves the estimator analyzing public records, tax assessments , recent sales data, and other relevant information to generate an estimate. However, it usually won't get the brass tacks needed for a proper assessment.

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Avoiding Structural Catastrophe: How to Prevent the Next Surfside

The Residential Specialist

As a REALTOR ® , you may be fielding questions from clients looking to purchase condos. Knowing these—and asking questions about the HOAs and reserve funds—will help you prepare your clients to make the best, safest decision when purchasing their next condo. The board approved the assessment, but sadly it was too late.