Road Maintenance Agreements What You Need To Know - Living on Private Roads in Virginia
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