Successful Community Association Living Starts With the Purchase Decision with Marisa DiLenge, Founder of DiLenge Real Estate Team (Part I)
June 22, 2022
Donna DiMaggio Berger
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 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?