7 Rules of Life

Seven Rules of Life

A friend shared this with me this week and I thought there was a lot of good advice in these 7 rules. Not always easy to follow, but I do tend to believe these are all powerful tools to improve your general content and even happiness. I hope you find it useful …

Word/Phrase of the Week

HOA Disclosures

I am currently in escrow with a client and besides the appraisal, inspection and loan contingencies, if you don’t waive any of them, there is generally one other that must be removed as you go though escrow, when you are buying a condo or townhouse with a Home Owner’s Association, and that is the HOA disclosures, which should be provided by escrow. When you receive them, make sure to read them over carefully. They can tell you what the rules of the development are, what kinds of insurance they carry (like earthquake), any fines that can be levied against you, who fixes what (in a condo or townhouse, the general rule is they repair everything outside the home and you deal with everything inside the walls), how much is in the HOA reserve, how assessments are handled and, by perusing the minutes of recent meetings, if there are red flags regarding an overzealous HOA that might give you second thoughts about living in that community.

3 Useful Links

Does your current home feel cluttered? This article offers advice on what to get rid of to open up a space.

Are you considering an upgrade to your countertops but unsure what material is best? This comprehensive guide can help you pick the right materials and style for you.

Finally, if you want to live by the beach, but Los Angeles prices are simply out of reach, we would hate to see you go, but here are the 10 most reasonably priced beach communities in the U.S.. Most are on the East Coast …

Stay safe, stay well and continue to search for those rainbows in the clouds.

Cheers,

Rich