RE Q&A: How Can Condo Board Discuss Fee Increase with New Residents?
The seller should disclose pending increases, but may be unaware. Ensure this info is being shared with residents, and only share the same info with applicants.
Federal Reserve Economic Overview: Things Look Pretty Good
The Fed considers economic risks in its stability report – what could upend a solid, growing economy? Overall, it finds less to worry about than it did a year ago. However, it’s keeping an eye on COVID-19 breakouts, and it sees some risk in rising home and stock prices.
Lowe’s App Will Measure, Plan Improvement Projects
Soon, mobile devices with LiDAR Scanners (newer Apple products) can measure interior space, explore potential updates and schedule work. Flooring will be offered first.
Owners in a Gated Community Can’t Access Gate Records
On July 1, 2021, a new category of HOA records was added to the “not available to members” list – the names of visiting guests recorded by gated communities.
Zillow Inventory: 9.8K Homes Owned, 8.2K Under Contract
The 18K homes Zillow owns or will own under its cancelled iBuyer program will be sold, though the WSJ says many may be sold directly to single-family rental firms.
Top Retirement Money Move Can Save $200K Over 10 Years
Study: A 20-city analysis found that downsizing to a smaller home can save retirees almost $200K over 10 years, assuming adult children have left the nest.
The Top Marketing Tool in Your Arsenal? A Website
If marketing entices customers to make contact, an agent’s website should seal the deal. Most people will visit a website for more info before picking up the phone.
The Housing Market for First-Time Buyers? It’s Brutal
Survey: For first-timers, it’s not just finding a house and putting in a winning bid, though that provides enough stress to deter some buyers from the market. 80% of first-timers lost at least two days off work, 39% faced down payment problems and 37% were outbid at least once.
NAR Likes Bipartisan Infrastructure Bill but Has a Concern
The bill includes some long-term NAR goals, including expanding broadband access. But it’s concerned with ongoing GSE fees charged by Fannie Mae and Freddie Mac.
How Does FinCEN Affect Buyers in South Fla.?
By using shell companies, crime money may buy real estate, or be “laundered” into a legitimate investment. But FinCEN forces S. Fla. buyers to identify themselves.