Buying a Home in a Neighborhood with an Homeowners’ Association
We are continuing our series of articles discussing buying a home in a neighborhood with a homeowners’ association (HOA). Our previous article covered some recommendations from our Orlando listing agents/Tampa listing agents/South Florida listing agents including the importance of understanding the HOA structure and asking for the HOA documents and/or covenants so you can review the requirements before you begin looking at homes in a particular community. Today, we will look at two more recommendations from our South Florida listing agents/Tampa listing agents/Orlando listing agents to consider.
Get Any Exemptions in Writing
If you want to ask for an exemption to any HOA rule, then you need to get that exemption in writing. Don’t make the mistake of asking if you can store your commercial vehicle in the parking lot of the clubhouse and only getting a verbal, “yes”. Verbal exemptions do not hold up in a dispute, especially if it was provided to you by someone who may be unauthorized to do so without consensus of the entire board.
Be Clear on the Dues Structure and What They Cover
Make sure you are clear on the dues structure, what you will owe each month, and what those dues cover. Do you have both a neighborhood association and masters association? Do your dues cover lawn care? Re-roof? Painting? Common groundskeeping? Access to pool or clubhouse? Make sure you know exactly what your monthly dues include, when they are due, and if there are payment plan options.
One Percent Guys Full Service Real Estate Agents are the original one percent real estate experts. Our Tampa seller agents/Orlando seller agents/South Florida seller agents and buyers agents are committed to helping our clients achieve the dreams of owning a home. Our one percent real estate commission structure means more money back into your pocket when you use our Orlando seller agents/South Florida seller agents/Tampa seller agents. Home buyers can get an additional 1% real estate rebate on their mortgage through our exclusive program with Quicken Loans. We invite you to see why so many people are choosing to forego the “franchise” agents and sell/buy through One Percent Guys Full Service Real Estate Agents. Give us a call to chat today!
