Real Estate Fees

Found 5 blog entries about Real Estate Fees.

In part one of this two-part blog series, we went over some of the basic factors connected to homeowners associations, or HOAs. These groups, which often hold sway over a given neighborhood or housing community, may be responsible for numerous important areas for you to consider if you’re thinking about one of the real estate listings in this area.

At Daybreak Living, our numerous homes for sale include several communities or areas where HOAs are present and active. In today’s part two, we’ll go over a few other important areas you should be considering if you’re thinking of moving into a property that’s part of an HOA.

real estate homeowners associations

HOA Management

One important area to understand in advance is how the HOA is managed, as not all are run in the same ways.

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EXHIBIT A: Listed with a different Brokerage

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The home above was on the market 4 months and NEVER SOLD. Last listed at $339k (Below what we sold the exact home for shown below) This home has 3 tone paint, real hardwood floors, updated colors, and modern white kitchen with granite and backsplash. It's also partly fenced.

 

EXHIBIT B: Listed with Utah Dave @ goBE Realty

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Meanwhile, this home sold for $340k in 3 weeks.   It only has 2 tone paint and brown colors. Formica counters throughout kitchen and upstairs instead of granite like the home above.​ Laminate hardwood not real hardwood floors. Also, no fence on this home as opposed to the partially fenced home that dind't sell. The only other difference between this home and the one above

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Same Builder... Same House... Same Area... Same Time on Market.... VERY DIFFERENT RESULTS

 

THEIRS: (LISTED WITH A DIFFERENT COMPANY: good experienced agent and brokerage)

House 2On the market for almost 2 years!

Ended with a Lease Option for thousands less than ours. 

Fully finished basement with wet bar

Larger yard/ lot

More upgrades in Master Bath

 

 

OURS: LISTED with UTAHDAVE of goBE Realty

Offers within a few days!House 1

Sold for $345k

Only a partially finished basement

Smaller lot than comparable home above

 

 

Utah is a non-disclosure state on sales price. To gain sold data on listings that aren't ours call 801-966-4000.

As you can see in the apple to apple comparison that you see above, the real estate

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Hidden Real Estate Fees

What do you get from paying real estate fees?

Because of our experience in Real Estate we see a lot of things. Many times we have gone to a closing where the other people were charged a mysterious fee by their agents and brokerages. We have always wondered what this fee is? What is that for? Sometimes the fee is a legal fee mandated by a broker. Other times however, this fee is illegal!

Sometimes the broker or the agent doesn’t even realize that they are charging their clients an illegal fee. They may justify their fee by citing many other brokerages who have it or by claiming that the fee has been around for a long time. The idea that a lot of people are doing something does not make it legal.

Most real estate

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What do you get from paying real estate fees?

Because of our experience in Real Estate we see a lot of things. Many times we have gone to a closing where the other people were charged a mysterious fee by their agents and brokerages. We have always wondered what this fee is? What is that for? Sometimes the fee is a legal fee mandated by a broker. Other times however, this fee is illegal!

Sometimes the broker or the agent doesn't even realize that they are charging their clients an illegal fee. They may justify their fee by citing many other brokerages who have it or by claiming that the fee has been around for a long time. The idea that a lot of people are doing something does not make it legal.

Most real estate brokerages have a commission and some

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