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Are Hoa Fees Monthly Or Yearly? All Locations : Nationwide Real Estate Advice

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Activity 133
Showing results for Are Hoa Fees Monthly Or Yearly? [Clear search]
Tue Jun 18, 2013
Tammy Hayes answered:
The closer to the beach the better. Venice is very popular for seasonal rentals. They go fast. We have more people looking for rentals than properties available. I would be happy to work with you to help you find a home. You can search our company web site at www.greenlionrealty.com or my web site at tammyhayesre.mfr.mlxchange.com.

You can rent properties as annual, short term, long term, and vacation. You can choose to manage the property yourself or hire a property management company to do some or all of the work. This may include items such as marketing the property, handling calls from tenants, collecting rent, and maintaining the property.

If you are going to rent a property be sure to know Florida's Landlord/Tenant Law. You can find information on this at http://www.800helpfla.com/landlord_text.html.

Don't count on appreciation. With the market the way it is right now, appreciation is not a guarantee. When looking at homes, you want to purchase a home that would have an attractive resale value no matter what the market is like. Obviously you would like to make a profit if you did resell.

If you decide to rent the property, it is necessary to make sure your rental income will cover your out of pocket expenses such as the mortgage payment, taxes, insurance, maintenance, repairs and vacancy rate. Right now, demand is higher than supply. Check with local real estate agents or call rental ads to see what the going rental rate is within the areas you are looking to purchase a property.

Try an investment calculator such as the one at goodmortage.com. Go to their web site: http://www.goodmortgage.com/Calculators/Investment_Property.html. This will give you a good idea of the financial situation if you decide to rent an investment property.

There are tax benefits in any real estate investment. Check with your local tax advisor before entering into a purchase agreement for any investment property to make sure you qualify and follow the strict requirements.


Tammy Hayes, Realtor
Green Lion Realty, Port Charlotte, FL
tammyhayesre@gmail.com
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0 votes 7 answers Share Flag
Sun Sep 30, 2012
Jessica Tracy answered:
Taxes are yearly and depending on where you live are paid 1 to 4 times a year. Most likely you will have your taxes and insurance included in your monthly mortgage payments. Since every condo association is different, you should contact the association or management company to provide you with a list of laws and what is covered by the HOA. ... more
0 votes 5 answers Share Flag
Fri Aug 24, 2012
Sunny Goode answered:
Hello,
There is a great variance, and each HOA and/or maintenance on T/Homes and condo communitys depends as some companys include utilities or partial utilities others do not. Typically they range from $200 on upwards to as much as $600+ for highrise with concierge services. If you have a particular subdivision or townhome development in the 77077 area in mind, your realtor can inform you of the monthly fees. Or let me know and I'll be happy to assist. Cell: 832-274-7572 sunnygoode@agoodehome.com ... more
0 votes 5 answers Share Flag
Tue Aug 21, 2012
Cheryl Foote answered:
Hi,
There are 2 condos listed there... a 2 bed/1bath...listed at $120K-- dues are $245 a month
The other is a 3 bedroom/2bath...listed at $149K-- dues are $811 a quarter.

Let me know if you have any other questions.

Cheryl Foote 970-846-6444
cheryl@prusteamboat.com
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0 votes 3 answers Share Flag
Tue Aug 14, 2012
Patti Adams answered:
did not see your earlier question...happy to help if I can, give me a call or re post your question.
0 votes 19 answers Share Flag
Sun Jan 20, 2013
Shanna Rogers answered:
Hi John,

If you pay all cash for a house, you don't have to have insurance but it is HIGHLY recommended (just 'in case' - kind of like car insurance, etc). You would not have a mortgage but you would have property taxes and any Home Owners Association dues if the property has a Home Owners Association.

Shanna Rogers
SR Realty
www.RealtyBySR.com
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0 votes 5 answers Share Flag
Sun Nov 11, 2012
Hanan "Hank" Peleg answered:
Hello Dave,

Sounds like what you need is a real estate professional in your life!

Keep in mind that by utilizing a buyers agents services, you are not paying any more than what you would be paying otherwise - the commission agreement has been negotiated prior to you walking in the door.

Basically, to answer your question, your real estate professional will be happy to answer your question but he or she will likely want to make sure you are a ready, willing and able buyer (but this doesn't necessarily mean you have to be ready to buy tomorrow, but even 6 or so months out can be acceptable) before doing any in depth research on your behalf.

Hanan "Hank" Peleg
Peleg Properties, LLC
9825 Marina Blvd. Suite 100-G
Boca Raton, FL 33428
(954) 588-5992 Office
(954) 557-1954 Cellular
(888) 594-0081 Fax
http://hanan.PelegProperties.com
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0 votes 6 answers Share Flag
Mon Oct 29, 2012
Marie Barakat answered:
Deanna, If you could tell me the specific property, I could give you a definite answer. I see that you are looking in Hunters Green, but each area does things a bit differently. Some HOA's collect their fees monthly, quarterly or yearly and that is how they are shown on the listing. If you would like more details about a specific property or properties, please give me a call or email me and I can assist you.

Marie Barakat
Coldwell Banker Residential
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0 votes 6 answers Share Flag
Wed Oct 24, 2012
Pam Bava answered:
Clayton

Can you explain what you mean by a HOAX Fee. Not understanding your question.
0 votes 4 answers Share Flag
Mon Jul 2, 2012
Tim Moore answered:
Why would you not ask Charles Rutenberg Realty, Inc. whose name is clearly in that listing? I also assume you mean HOA or condo fees not maintenance since those will vary as things break and need repair. ... more
0 votes 4 answers Share Flag
Tue Aug 7, 2012
Ethan Sun answered:
Your best bet is to ask a tax expert or your accountant for questions related to taxes. But as far as I know, aside from a withholding of a percent of purchase price when you sell your home as a non-resident alien home owner (I believe it is 3% though I'm not certain), there should be no other differences in your tax obligations. The withholding is to ensure all your property taxes are paid current.

HOA and closing costs vary depending on location, purchase price, and various fees charged by lenders, escrow, appraiser, inspectors, Since you are purchasing with all-cash, there is no mortgage related costs.

Check my blog at www.EthanSunOnline.com for an article on home purchase by non-resident foreign buyers for additional detail.

Hope this helps.
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0 votes 5 answers Share Flag
Wed Jan 22, 2014
Alma Kee answered:
Contact a local Realtor and they can give access to actual system that will have these details. Of course there are some listing Realtors that fail to include the info and/or accurate info, sorry to say.. ... more
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Fri Mar 10, 2017
charles butterfield answered:
The most common objections to mobile homes that I hear from clients, are that they depreciate like cars, you do not own the land in the mobile home park, you must rent your space, they are difficult and expensive to finance, the space rent is often very high, they are not as well built as "stick built:" single family homes ... more
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Sun May 20, 2012
Jeff Metcalf answered:
Hi Undapsiar59,

Your question didn't link to any properties so I can't see which ones you're asking about. If you'd like to email me the addresses I can find out for you. Jeff@Realty2Reality.com If you were asking just generally speaking then HOA fees are Homeowners Association Fees that are paid monthly or quarterly to the association to cover all the common areas such as pools, tennis courts, clubhouse, grounds, maintenance, etc. CDD Fees or Community Development District Fees are paid yearly with your property taxes and they are used to repay the loan the developer originally took out to build the infrastructure of the community before any occupants lived there. These CDD fees usually will last for 30 years so older communities are less likely to have them. Let me know if I can be of any further assistance.

Jeff Metcalf, REALTOR(R)
Watson Realty Corp.
(904)495-0115
www.Realty2Reality.com
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0 votes 1 answer Share Flag
Thu Nov 8, 2012
Claudia DeBruyn answered:
It depends what they cover- most cover lawn care, building insurance, pool/ammenities maintenance. Some cover cable/internet. I showed one yesterday and the fee also covered the roof and painting the unit! You need to get specifics on the coverage and make your decision when you have all of the info.

FYI I live in a single fam home. lawn/pool and internet/cable are about $300/mo.
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0 votes 12 answers Share Flag
Sat May 19, 2012
Angel Calzadilla answered:
Hi Gustavo:
please click on the link below and it will lead you to 16 properties description at Century Village in zipcode 33434 in Boca Raton area. If you need more information, please contact me. Hablo español.
Thanks.
http://southfloridamls.com/DotNet/Pub/EmailView.aspx?r=1635421393&s=FLL&t=FLL

Angel Calzadilla
(954) 632-3593
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0 votes 16 answers Share Flag
Wed May 1, 2013
Lynn Goldhammer answered:
The majority don't have restrictions and yes, you could rent it out.

As for costs of the HOA's, you need to consider what's included. I live in the Presidential condo's and the fee is high, but it includes heat, hot water, electric, gas. The only thing I pay for is quarterly sewage bills.

There's something for everyone here, and all price ranges. I'd be glad to assist you further.

Lynn Goldhammer
Sales Agent
Prudential Zack Shore Properties
501 Grand Avenue
Asbury Park, NJ -7712
908-433-0419 - cell
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0 votes 8 answers Share Flag
Fri Oct 26, 2012
Mimi Davies answered:
Hello,
I assume that you are obtaining a loan since you mentioned the mortgage.
If you put 20% down payment: mortgage + tax + HOA fees
If you put less than 20% down, your lender will charge you PMI (Private Mortgage Insurance).

Have you been pre-approved yet? If you're approved for an FHA loan, the condo must be FHA approved to qualify for your loan.

Did you see a condo that caught your eye? Let me know if you want me to send you listings or if you have any questions.

Best,
Mimi
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0 votes 6 answers Share Flag
Sat Apr 14, 2012
Ron Thomas answered:
Not trying to get your business.....

Why did you put in 2 offeres and your deposit money,
and THEN go looking for an Agent to help you?

Ever hear of putting the Donkey before the Cart?

How do you know whether you Offered too much?
How do you know that the HOA's are not bankrupt?

Good luck; you're going to need it.
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0 votes 8 answers Share Flag
Mon Apr 9, 2012
Debra (Debbie) Rose answered:
If the townhome is part of an HOA commmunity, and/or a condominium type of ownership, make sure you ask to see and read the Bylaws ( homeowner's association or condo rules and regulations) so that you know what restrictions there might be................also ask for a statement of the financials, so that you know there is no shortage in the reserve.........and that the community is solvent..........ask how many, if any, units are for sale and/or in foreclosure.......ask what percentage of units are rented rather than owner occurpied (this may be limited by the association)........make sure you know exactly what is your responsibility to maintain (pay for) and what is covered by the association..........know what the monthly fees are - ask how often they have been increased in the past........ask if there are any special assessments currently being paid, or planned for the near future............

Finally, make sure you know that you will be paying a fair market price, so, do your due dilligence and find out what the recent sales have been for similar units and what the days on market are.

In my opinion - you shoudn't sign anything unless you have a real estate attorney review it first.

Just curious why the owner is willing to offer what appears to be such a buyer-friendly deal.............is it difficult to sell units there?


Best wishes!
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