As a board member of a homeowners association (HOA), you have several responsibilities. One of those is to ensure that the residents are satisfied with the services they receive from you. If not, residents might hesitate to meet their financial obligations to the HOA and even consider moving. To help avoid this, here are some tips for managing the HOA while keeping residents satisfied.
Establish Clear Roles for Each Member
If you want to avoid paying a real estate commission when selling your house, you could do so if you can find a buyer yourself. To do this, you could list your home for sale by owner. While this can help you save money on the commission, you will face a lot of challenges that you would not have if you hired a real estate agent for help. One challenge you may face is dealing with unqualified buyers.
If you're about to put an offer in on your next home, you may be excited at the prospect of finishing the inspection, appraisal, offer process, and finally closing on your new home. However, few things can dampen the new homeowner glow like unexpected problems with your air conditioning unit, and shelling out a few thousand dollars for repair or replacement while you're already juggling closing costs, moving costs, and other expenses can be quite a blow.
A foreclosure is a serious problem with long-term consequences. In fact, according to financial experts, people who experience a foreclosure are likely to face long lasting damage to their credit, including a lowering of their credit score by as much as 160 points. If the foreclosure accompanies a bankruptcy, the damage becomes even more serious and enduring. If you are facing a foreclosure on your home and struggling to find a way to stop the process and lessen the damage, the following strategies can help.
Many people dream of owning waterfront homes, but not everybody understands the challenges of owning a waterfront property. You may not be able to enjoy your waterfront home if you aren't careful with the purchase. Avoid these mistakes if you don't want that to happen:
Letting the Excitement of the Water Blindside You
The excitement of owning a waterfront home, especially for first-timers, is understandable. If you aren't careful, you can be so much enamored by the water and forget other important aspects of the purchase.