Selling your house can be both exciting and daunting, especially when you receive offers from potential buyers. It's essential to evaluate each offer carefully to ensure you're making the right decision. Here are three key factors to consider when evaluating an offer on your home: 1. Price The offered price for your home is not just a number but a critical determinant of your return on investment. While a higher offer may seem attractive at first glance, it's crucial to compare it against recent market trends and the appraised value of your property. Sometimes, a lower but more solid offer may … [Read more...]
HOA : The Role Of Homeowners Associations In Housing Communities
Homeowners associations (HOA) are legal corporations formed by a real estate developer to market, to manage, and to sell homes and lots in a residential subdivision. They're most commonly formed for condominiums and planned urban developments (PUDs), a category which includes suburban communities. HOA Articles of Incorporation typically grant developers privileged voting rights in governing the association during its infancy, while providing the means for the developer to exit financial and legal responsibility for the organization, transferring ownership to the homeowners of the … [Read more...]