User46671_1_t Allen Wright CNS, AHS, REPS
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In a poll by Service Magic, http://www.servicemagic.com/rfs/resources/media/videosHome.jsp?link_id=6829 consumers were surveyed about their experiences with HOAs.  Interesting items to note is the percentage of those that have had "all-out-wars" with HOAs 19% and those that would rather live with a neighbor who kept their property in a poor condition than have an HOA 54%. 

Now although the raw data was not available the numbers create an interesting view of HOAs.  Many consumers have had problems or are expecting problems, 38%.  This being the case it is VITAL to have knowledge of your neighborhood's HOAs or community bylaws before your buyers signs the closing papers.

This topic is discussed thoroughly in the Certified Neighborhood Specialist course from RealtyU ... go to http://www.cnsdesignation.com/ for more information and a free download.

 

Here are the complete results of the five question HOA survey:

1. What is your opinion of Homeowners Associations?

They're great                                 8%

They're okay                                16%

Minor annoyance                         21%

Major headache                           48%

No opinion                                      7%

 

2. Have you ever had a conflict with an HOA?

Yes, but it was settled quickly... no big deal                                22%

Yes, and it was all-out war!                                                        19%

No, I follow the regulations to the letter                                      15%

No, but it's only a matter of time                                                19%

I've never lived under an HOA                                                   25%

 

3. Do you feel that by telling you what you can and cannot do to your home HOAs infringe on your rights as the owner of your home?

Yes                                                                                                74%

No                                                                                                 16%

Maybe, but it doesn't really matter to me                                         10%

 

4. Have you or would you ever avoid buying a home because you would be under the jurisdiction of an HOA?

Yes                                                                                                60%

No                                                                                                 22%

Maybe                                                                                           18%

 

5. Would you rather deal with an HOA or a neighbor who doesn't properly maintain their home?

HOA                                                                                             46%

Sloppy Neighbor                                                                           54%

 

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Real Estate Trainer: Allen Wright CNS, AHS, REPS (RealtyU)
Allen Wright CNS, AHS, REPS
Aliso Viejo, CA
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Office Phone: (949) 349-9394 Ext.: 115
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Thoughts and Commentary on Education, Training, Economics, Professionalism, Productivity and other things real estate oriented. www.RealtyU.com, www.CreateAPlan.com


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