π§ Understanding Road Maintenance Agreements in Virginia π§
In this episode, we dive into the importance of Road Maintenance Agreements (RMAs) for private roads in Virginia. Whether you're a homeowner, buyer, or real estate professional, knowing how these agreements work can impact property values, financing options (including VA and conventional loans), and overall road upkeep.
We cover:
β What a Road Maintenance Agreement is and why it matters
β How RMAs affect mortgage approvals (Fannie Mae, Freddie Mac, VA Loans)
β Who is responsible for road repairs and costs
β Tips for creating a simple, legally sound agreement
Tune in to learn how to protect your property investment and ensure smooth access to your home! π‘π‘
NOTE: VA Loans are privately funded and DO NOT care, Freddie mac loans do NOT care, Fannie Mae DOES care.
π§ Listen now! #RealEstate #Virginia #PrivateRoads #Homeownership