24 min
Episode 3: Check Out Your HOA Before Buying a Home HOA Coach
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- Society & Culture
You'll spend lots of money buying a home, including a title search, termite and home inspection, and you'll spend lots of time checking out the schools, shopping, recreation, restaurants.
Will you check out your HOA?
Here are 8 things you should check out about your HOA before buying your home:
Governing documents, including CC&Rs, Bylaws, Rules, and Policies.
Financial statements and budgets
Reserve Study (a what??)
The assessment history
Check that you received all the documents that you're required to receive
Review the prior owner's account standing, including any outstanding delinquencies you might end up responsible for.
Ask for copies of all prior Architectural Requests, and review the property to make sure everything added there after the developer sold the house is approved.
Review all outstanding violations.
You'll spend lots of money buying a home, including a title search, termite and home inspection, and you'll spend lots of time checking out the schools, shopping, recreation, restaurants.
Will you check out your HOA?
Here are 8 things you should check out about your HOA before buying your home:
Governing documents, including CC&Rs, Bylaws, Rules, and Policies.
Financial statements and budgets
Reserve Study (a what??)
The assessment history
Check that you received all the documents that you're required to receive
Review the prior owner's account standing, including any outstanding delinquencies you might end up responsible for.
Ask for copies of all prior Architectural Requests, and review the property to make sure everything added there after the developer sold the house is approved.
Review all outstanding violations.
24 min