Marco Santarelli

APRIL 19, 2025

Current Homeowners: Don't panic! However, do your due diligence and be aware of the risks. Housing Markets Discover high-quality, ready-to-rent properties designed to deliver consistent returns. Here's how it might impact different groups: Potential Homebuyers: This could be good news!

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Realty Biz

JUNE 15, 2022

Performing due diligence is vital when purchasing a home. If the lot is located in a homeowner’s association there can be covenants that owners have to follow. You will need to ensure that there is an approved septic design in place by the city of town. Things to Find Out Before Purchasing Land. Land Easements.

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Land Purchase and sale agreement Due diligence Title 128

Realtor.com

FEBRUARY 12, 2021

The graphic designer, 30, paid roughly $600,000 for the house. It was a land grab for houses,” said Cheryl Eisen, CEO of the interior-design and property-marketing firm Interior Marketing Group. At the same time, inventory dropped as many homeowners hesitated to list their properties in the pandemic.

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HomeLight

MAY 15, 2024

With a growing population and a tight supply of homes for sale, it’s a favorable time for homeowners seeking a hassle-free cash sale. To reach these potential cash buyers, consider using platforms designed for real estate investors or attending local investment meetings to showcase your property.

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Proof of funds Sales Due diligence Investor 111

Marco Santarelli

JANUARY 1, 2025

Increased HOA Fees: Homeowner's association (HOA) fees have, on average, almost doubled since the Surfside tragedy. Insurance Hikes: Homeowners insurance premiums have also risen dramatically as insurance companies have been hiking rates for condo association insurance and collapse coverage. These can be quite substantial.

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Marketing Inspection Due diligence Title 52

Realty Biz

FEBRUARY 20, 2021

Home inspection: often called a due diligence contingency, will give the buyer rights to have the house inspected. Association contingency – if there is a homeowners association , there will often be a clause stating the purchase is subject to the successful review of the association documents and financials.

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Purchase and sale agreement Inspection contingency Earnest money deposit Home sale contingency 137

HomeLight

AUGUST 18, 2021

When most homeowners are following their HOA’s rules, it can benefit the entire neighborhood — but what happens when one or two neighbors decide the rules don’t apply to them? As a current or future homeowner, you might be curious about how an HOA can enforce its rules, and what it means for (potentially) you.

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Due diligence As-is Development Agents 111

HomeLight

OCTOBER 29, 2021

The lender needs to do their due diligence on the property you’re buying, too. Reputable lenders do due diligence before they give a preapproval letter,” Maggio says. Step 11: Find homeowners insurance. You will need homeowners insurance to close on the home. Step 4: Submit the loan application officially.

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Closing Inspection Title Due diligence 111

Realtor.com

JANUARY 10, 2023

While there are no national standards for handymen, some parts of the country have their own regulations in place designed to protect consumers. Because they personally know the handyman, homeowners can let their guard down and possibly overlook some formalities. ” Get to know your local laws. And awkward. Verify, verify, verify.

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Due diligence Property Management Renovation Construction 95

HomeLight

MAY 28, 2021

These nostalgic houses can be a great purchase, as long as buyers do their due diligence. Courtney Kattengell , a New Orleans real estate agent and Designated Historic Homes Specialist, appreciates the value of these very special homes. “It A simple design for simpler times! What is a shotgun house?

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Renovation Due diligence Pre-approval Construction 105

HomeLight

AUGUST 31, 2021

Also known as a lease-purchase agreement, a rent-to-own contract is an agreement between the tenant and the homeowner stipulating that a portion of the monthly rent is credited toward the future purchase of the property. Sounds ideal, right? So, in reality, you’re paying this landlord $100 simply to “save” money for you.

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Purchase and sale agreement Due diligence Closing costs Mortgages 124

Realtor.com

SEPTEMBER 29, 2020

Insurance: Most condo fees include a homeowners insurance policy that covers exteriors and shared common areas. Housing quality: Since homeowners tend to care more about their property than renters, condos tend to be better built and maintained than rentals. Some buildings even include heat, electricity, cable, and Wi-Fi.

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HomeLight

APRIL 30, 2021

Once the agent has done due diligence on the focal property, it’s time to widen the scope to see how it measures up to the surrounding homes. For example, Fuller sometimes has to look farther out to find homes that have a similar view, pool, lot size and orientation, design style, or some other specific characteristic.

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Agents Marketing Due diligence Sales 100

HomeLight

APRIL 30, 2022

MarketWatch provides a home search app on the site and covers real estate topics, such as reviewing and ranking the best home warranty coverages for homeowners. Insurify.com can help you research, compare, and calculate homeowner insurance rates. MarketWatch. ForSaleByOwner.com. Home maintenance and repairs.

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Closing MLS Pre-qualification Technology 105

HomeLight

OCTOBER 5, 2020

Sometimes life happens, and a current homeowner can’t afford to keep paying their mortgage … and the remaining payoff amount is more than the home is currently worth. A short sale is when a homeowner and their lender agree to sell the home for less than what’s owed on the mortgage loan. Source: (Paul Fiedler / Unsplash).

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The Close

FEBRUARY 12, 2025

Regulations are often designed to mitigate these impacts. Pro-tip: Understanding how to start an Airbnb business should encourage investors to do their due diligence. Additionally, if your property falls under the jurisdiction of a Homeowners Association (HOA), you must review and adhere to its bylaws.

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Investor Property Management Due diligence Residential 59

Realty Biz

APRIL 5, 2023

It is called a designated agency. They are not allowed to perform any research or due diligence. If you're buying where a homeowners association exists, you won't know if it's beloved or considered unruly. One is considered acceptable for most people, and the other is not. Doing so would conflict with the buyer.

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Agents Seller concession Due diligence Inspection 88

CT Homes

DECEMBER 14, 2023

These companies purchase homes directly from homeowners, often in as-is condition , meaning you don’t need to worry about repairs or renovations. This approach is designed to help you bypass the time-consuming and often stressful process of selling a home in the conventional market.

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HomeLight

JUNE 30, 2021

Your perfect home is part of a homeowners association (HOA) and there’s some mumbo jumbo about having to pay an additional expense (beyond the typical costs of owning a home) known as HOA dues. While HOA dues aren’t technically included in your monthly mortgage payment, they can affect your ability to qualify for a home.

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Mortgages Debt-to-income ratio Loans Due diligence 90

HomeLight

MAY 28, 2021

But there are protections in place that are designed to prevent the sale of a “lemon” house equivalent. He uses the example of a homeowner who may be asked about attic insulation. That’s why due diligence on the part of a homebuyer is vital. Is there a lemon law for houses? Seller disclosures.

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Redfin

JANUARY 28, 2025

Assumable mortgages represent a unique opportunity in the right circumstances but require careful due diligence. VA loans VA loans are specifically designed for eligible veterans, active-duty service members, and certain surviving spouses. How do assumable loans work?

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Loans Mortgages VA loan Purchase and sale agreement 31

HomeLight

OCTOBER 14, 2021

The Environmental Protection Agency (EPA) estimates that the average homeowner can save 15% on heating and cooling costs by improving insulation. In fact, Energy Star studies show that by replacing single-pane windows with double-pane windows, homeowners can save 21% and 31% of their heating and cooling annual costs. Kitchen remodels.

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Realty Biz

FEBRUARY 24, 2021

If convenience is your priority, you may need to be flexible when it comes to designing and building your home. Since you’re in charge of designing the house, you can do it! It’s rare to find a subdivision that sells directly to homeowners, but they do exist. Unfortunately, not everyone has the same needs and wants.

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Land Loans MLS Finance 122

Broke Agent Media

MAY 24, 2023

Using the example from above, if a homeowner has a $242,500 loan, the monthly payment for mortgage insurance can be as much as $245. Over the course of seven years (the average amount of time mortgage insurance is paid), this adds up to as much as $20,500—significant savings for any homeowner. What are the risks?

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Loans Mortgages Due diligence As-is 52

Realty Biz

OCTOBER 5, 2022

It is essential to check not only the zoning by-laws, but any potential restrictions if there is a homeowners association. It becomes critical to do your due diligence before hand. Some people have the though of purchasing a piece of land to put their tiny home and find out it's not possible to have one. Final Thoughts.

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Due diligence Land As-is Design 84

HomeLight

APRIL 30, 2021

Methodology: HomeGuide tracks millions of cost estimates that homeowners receive from local contractors, and then shares the average of those prices. Many homeowners took advantage of the shutdown to tackle renovations , but at the same time, many manufacturers laid off workers. What determines the price of a new roof? TPO (Rubber).

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Construction Renovation Due diligence Commercial 102

Louisville Homes

DECEMBER 23, 2020

Both real estate agents and homeowners are now understanding the benefits of getting their properties professionally-staged. You might have asked your homeowners multiple times to declutter the space so that you can put up clean property photos on your listing. Infuse Modernity into Traditional Designs. Reduce Clutter.

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Staging Due diligence Renovation Design 52

HomeLight

MARCH 13, 2023

Homeowners can bypass the expense of replacing the roof with a price tag from $4,000 to $16,000 or central A/C unit starting at $2,000 plus installation by selling as is to a cash buyer. Homeowners either pay property taxes for a home they don’t live in or risk losing the house in a tax sale.

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Sales Investor Due diligence Renovation 98

Redfin

DECEMBER 18, 2023

Are there other things you should be thinking about or doing now that you’re a homeowner? Double check your homeowners’ insurance When it comes to insurance companies, particularly homeowners insurance , they are typically aware of your change of address during the mortgage process.

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Inspection Due diligence Closing As-is 71

Redfin

JULY 19, 2022

Maintaining a beautiful yard is a point of pride for many homeowners. Xeriscaping is a form of landscaping designed especially to withstand a drought. Hardscape elements like these can add a creative element to your landscape design without incorporating more plants. Invest in drought-tolerant xeriscaping. Gravel pathways.

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Redfin

JANUARY 6, 2021

Luckily, lending is available to homeowners for construction in a similar way to securing a mortgage for an existing home. For homeowners who are confident in the construction process and are able to hold to a set timeline, construction-to-permanent loans can be an excellent option. The options are endless.

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Realty Biz

JULY 31, 2023

Alternatively, homeowners can consider selling the house "as-is." Showcase potential renovations: Help buyers envision the possibilities by presenting them with design plans or renderings of what the house could look like after renovations. When there are significant problems to address, it's referred to as a rehab house.

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HomeLight

FEBRUARY 21, 2023

She says when homeowners in Georgia choose to sell “as is,” it’s typically because they don’t want to — or can’t afford to — make any repairs to the house or property. Georgia is a ‘buyer beware’ state and buyers are expected to do their own due diligence before purchasing a home. Fees: Sellers do not pay closing costs.

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HomeLight

SEPTEMBER 24, 2022

A retirement community is a residential housing neighborhood, subdivision, or complex designed for independent older adults seeking an active lifestyle with others of similar age and interests. Age-restricted communities are typically designated 55+ and require that at least one occupant is age 55 or older. Affordability.

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HomeLight

MAY 27, 2021

Designed for veterans, active-duty military, and qualifying spouses, VA-backed loans often require no down payment. Payment schedule: The payment schedule includes estimates for other costs that will be added to your monthly payment, including homeowners insurance and any private mortgage insurance. Step 9: Do your due diligence.

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Loans Mortgages Title FHA loan 98

HomeLight

OCTOBER 26, 2021

It documents issues both major and minor, giving you a full picture of exactly what you’ll be taking on as a homeowner. The inspection period is a specific amount of time designated in the home sale contract to allow for buyers to perform their due diligence on the property.

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The Close

NOVEMBER 26, 2024

Homeowner Association (HOA) Fees You are responsible for paying HOA fees if you purchase a condo or a home in a planned community with common areas. The seller and buyer will negotiate the price, the bank will clear the loan, and both parties will sign documentation to transfer ownership to the new homeowner and close the transaction.

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Purchase and sale agreement Property Management Finance Banks 98