Is living in a community association the right fit for everyone? In this first of two installments, host Donna DiMaggio Berger speaks with Marisa DiLenge, founder of the DiLenge Real Estate Team. She has been a licensed real estate consultant since 1992. She is also a member of the National Association of Realtors, a member of the Masters Brokers Forum of Broward County, a member of the Florida Association of Realtors, and a member of the Realtor Association of Greater Fort Lauderdale. They discuss how an experienced and professional realtor is now more important than ever.
- How much longer will the seller’s market last?
- What constitutes a reasonable price point?
- For the Florida market, where are the buyers coming from these days?
- Are the challenges and costs associated with maintaining and repairing older coastal buildings going to make these communities unaffordable for a large portion of Florida’s population? Would some owners be better off selling now?
- Will we see a time in the near future when only the very rich can afford to live on Florida’s coast?
- Will Florida support affordable housing arrangements similar to New York’s?
- Will realtors be the ones to tell purchasers that they need to obtain and review safety and financial reports?
- Where does the money for rising insurance rates come from? Do the association documents allow for certain budget cuts to close the gap?
- What kind of information can a potential purchaser or tenant reasonably expect to receive from a broker with regard to an association’s rules and restrictions?
- What role can a realtor play in communicating rules and restrictions to a potential buyer?
- What kind of due diligence and inspections should purchasers undertake prior to closing?
About Take It to the Board
Think you know what community association life is all about? Think again. Residents must obey the rules, directors must follow the law, and managers must keep it all running smoothly. Take It To the Board explores the reality of life in a condominium, cooperative or homeowners’ association, what’s really involved in serving on its board, and how to maintain that ever-so-delicate balance of being legally compliant and community spirited. Leading community association attorney Donna DiMaggio Berger acknowledges the balancing act without losing her sense of humor as she talks with a variety of association leaders, experts, and vendors about the challenges and benefits of the community association lifestyle.
If you’ve got a question, Take It To the Board with Donna DiMaggio Berger – We Speak Condo & HOA!