One of the more common questions is what happens if you don’t pay HOA fees. HOAs have the authority to enforce the collection of HOA charges to ensure the association’s financial stability and maintain the community’s services and amenities. Non-payment of HOA costs can have consequences,...
If you want to learn more about what an HOA is and how they operate, then check out our post, "HOA 101: Basic Terms & Definitions." You can learn more about common words and phrases used in HOA communities and what each means.
If you don’t secure a mortgage — because something changes in your finances or the money doesn’t come through or is delayed for some other reason — it could slow down your closing or cause it to be scrapped entirely. Unmet contingencies ...
Real estate commissions represent one of the highest costs at a typical closing. Buyers don’t pay this fee, sellers do. Historically, the commission has been 5% to 6% of the home’s purchase price, split evenly between the seller's agent and the buyer's agent.However, legislation in 2024...
First, find out what fees would apply to you. Don't rely on estimates from real estate websites. Instead, get an exact number from your agent. HOA fees often have a tiered structure, with higher or lower assessments depending on the property size or level of improvement. ...
wouldn't know ahead of time what they're paying out of pocket. If a family member gets sick and has to go to the urgent care and then needs a branded prescription, they could end up paying more than the $87 out-of-pocket cost of the copay plan, depending on the specific treatments...