The answer is it is not mandatory unless the financing company requires it. BUT, a buyer of any property would be foolish not to get title insurance on any property they buy. It would be like buying a car without airbags but a lot more expensive chance taking. Get it and forget saving a few dollars.... more
CDD means Community Development District. It is a public finance tool that developers use as a way to drive up their bottom line while passing on the infrastructure cost to the future homeowners of a community. They were meant to keep the cost of the home down and spread the infrastructure cost, such as lighting, streets, sewers, sidewalks, water, etc, over 10 years. They are collected as part of your ad valorem taxes. Unfortunately, they never go away since the district will always need money to make repairs, etc. to the infrastructure.
HOA means Home Owner Association. This is the organization that rules the Community and make sure the entry ways are kept up, the pool, parks (if any) are taken care of. and the deed restrictions, if any, are abided by the homeowners. Belonging to it may or may not be mandatory. Its' cost is usually minimal.
Hope this helps.
The Szydlowski Team
Future Home Realty
The deposit must be logged into a Trust Acct., not necessarily cashed. It WILL be returned to you IF you are not notified that you prevailed as the perspective purchaser. Realtor should be returning it, in that case.... more
Certainly. A new home may not be the cheapest "deal" for you BUT it may be easier/cheaper to maintain for the first 10 years. The cheapest "deals" are "as is".....where no one warranties the property. It will be the most risk, to be sure.... more
As you said, some are nice and some are not. It depends on what you are looking for in regards to home and price. Good investment? It all depends on your goals and timelines. Give me a call or shoot me an email and we will discuss what I will do for you. You can also visit my website and do your own MLS search. Thanks and remember, my service to you is FREE.
Mike Ceparano, 813 417 6698, firstname.lastname@example.org... more