In your search for a new home, you’ve most likely encountered the term “townhouse” and wondered, exactly what is a townhouse? A townhouse combines some of the best features of a single-family home with the convenience of condo living. Townhouses, or sometimes called townhomes, can offer...
While Florida is known for a relatively low cost of living due to a lack of income tax, the state’s average closing costs are among the highest in the country. Before you enter the market, here’s everything you need to know about closing costs in Florida, and who pays for them. Ho...
If you're in the market to purchase a home, the term "house title" has likely been used, amongst many other bits of homebuying jargon. But what exactly is a house title, and what makes it so important? Let's take a closer look at the significance of a house title, including why ...
“The manager is the expert,” Donnelly says. “He or she should recommend to the board what needs to be done or provided. The board’s role is to set policy and make decisions. Then management executes. Board members are lay people who may or may not have expertise in these areas, b...
As an example, themedian sale price for a single-family homein January 2025 was $418,489. So the average closing costs for such a home could range between $8,369 and $20,924 (2-5% of the purchase price). This amount covers taxes, bank fees, and third-party fees such as the title...
Annual insurance costs in "low-risk" states like Hawaii or Vermont are around $500 to $800, significantly lower than thenational average of $2,258. But in hurricane-prone Florida, the average annual premium is around $5,488, with monthly costs of roughly $457. ...
In Central Florida, amenities in a planned community tend to vary with size and location. Donnelly says a typical high-rise condo will have a swimming pool, a fitness facility, and a reception desk at the front entrance. “Some have full spa facilities and movie theaters,” he adds. ...
is when their property is in deplorable condition. Board members have an obligation to make sure the condominium or HOA is always in good shape in terms of its cleanliness and appearance. Spending a few bucks to keep it that way won’t get the Board voted out, but letting the place ...
A homeowners' association (HOA) is usually a not-for-profit organization established by a community that governs rules regarding what can and cannot occur in homes, and also determines the rules and money spent on shared property. Many condominium andtownhousesavailable for purchase are part of ...
Question: If the buyers are closing on Friday, what day do they need to have the closing disclosure? Explain. Business Day: A business day is considered a normal working day where normal businesses will be open in the majority of industries. Non-business ...