Rossi Real Estate Services LLC, Rossi Real Estate Services LLCPhone: (518) 598-7711
Email: [email protected]
Email: [email protected]
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An HOA — or Homeowners' Association — is an organization in your subdivision or community that creates and enforces regulations and rules for the properties and residents. If a property is part of an HOA's jurisdiction, buying it automatically makes you a member. Therefore, you are required to pay HOA dues that cover the organization's costs and services. The strictness of HOA rules can vary significantly from community to community, and while some are very restrictive, others allow a wide range of changes to your property. It's essential to check in to what an HOA requires, costs and offers in a particular community or neighborhood before purchasing a home. Contrary to fictional portrayals, an HOA can be really beneficial to the homeowners by providing deals on local services and generally keeping the home values constant or increasing by keeping the neighborhood the same.
In a lot of ways, you can think of an HOA like a homeowner's union. It gives you that collective bargaining power with larger agencies like utilities, city services and local governments. This power can save you a lot of money by getting members better deals on trash services or electricity, including landscaping with HOA dues and more. It's a well-known rule that the more you buy, the better prices you get. That means when a group of 50 homes is negotiating for a landscaping deal, they can get much better prices than if it's just one home. Don't feel like you're cheating the other business owners either. They offer lower prices because doing a bunch of things in one area lowers their overhead, and having a consistent client increases their overall profits.
The main job of any homeowners' association is to maintain property values. They do this not by restricting what you can do but by limiting what your neighbors can do. And yes, since you are a neighbor as well, you are also subject to the same neighbor restrictions. That means you typically can do whatever you want inside your home since that only affects you. However, you can only do things within a specific range to the outside of your home since that affects your neighbor's houses as well. The look of a neighborhood, especially neighboring homes, can significantly affect the value of a home and usually are outside the purview of the homeowner. HOAs seek to fix this by requiring that everyone keep their home up to the same standards and avoid practices that will devalue the neighborhood.
It's essential to understand the benefits and restrictions of living with an HOA, especially if you've never had one before. Your professional real estate agent will be familiar with or be able to get, the bylaws of any HOA that covers a home you are considering. Sit down and go over them together to ensure that those rules work with your preferred lifestyle.
Rossi Real Estate Services LLC is a boutique real estate brokerage firm that provides close personal attention to buyers and sellers in the Capital Region and surrounding areas. “Typical” is not a word that clients use to describe Rossi Real Estate's approach to home buying and selling. Building upon years of experience, Rossi Real Estate employs creative marketing approaches, combined with a vast network, to quickly sell homes. By creating home floor plans, professional photography, and online marketing videos, Rossi Real Estate is able to depict home layouts and professional marketing to potential buyers before stepping foot in your home; this saves the seller valuable time by attracting only those buyers who have greater interest in the home. Additionally, by employing targeted online marketing, Rossi Real Estate targets buyers searching for homes just like yours.
Joe Rossi, the Principal Broker at Rossi Real Estate, builds upon over 12 years real estate experience in every transaction. Joe zealously advocates for his clients by combining his diverse background in law, finance, complex negotiation, and management, with compassion and exemplary communication skills creates. He explains transaction details and guides his clients through every step of the buying and selling experience. Furthermore, Joe listens to his clients’ wants and needs. In a recent transaction, the buyer profusely thanked Joe, stating he was, “[T]he only one in the transaction that was capable of communicating with the sellers in a way that ensured we were able to close on our dream home”.
Our real estate practice includes leading professionals, all of which are NYS Licensed Real Estate Sales Associates: Joseph R. Rossi, Ryan Hart, & Dustin Cogswell. Their experience includes work at a fortune 100 company, military operations, and technical recruiting.
If you're looking for a real estate broker who goes above and beyond the industry, who genuinely cares about their clients, and who will drive results, contact Rossi Real Estate Services LLC today.
The Stuff our attorneys make us include...
In accordance with Real Property Law §442-H, Rossi Real Estate Services LLC implemented a Standardized Operating Procedure governing client engagement. As such, prior to any engagement, Broker:
1. Requires a buyer to produce identification if the identity of the buyer is not readily known through a personal relationship with the broker or licensed sales person;
2. Requires an exclusive agency agreement (i.e. exclusive broker agreement) prior to engagement with any buyer;
3. Does not require pre-approval for a mortgage loan; however, a pre-qualification letter for a mortgage loan or, for cash buyers, proof of funds is required.
Although Broker may not require certain information, a seller of real estate may require this information prior to showing the property and/or as part of any purchase offer.
