When Your First Time Buyers Say, "No HOA"
Karen points out some very valid points in her post, below, that touch the rules and regulations in Arizona as well.
Are you looking for a home without an HOA in the Tucson, Marana, Vail and Oro Valley area? Do you understand the ramifications?
I think about the television antennas, the front yard shops, the 4-6 cars parked between the street and a residence, the over-filled garbage cans decorating the side yard...and think, yes, the HOA community DOES have its uses!
Please read Karen's blog and consider whether or not you might want an HOA community yourself.
You're out showing homes to a first time buyer couple. They've told you they prefer homes where there are no homeowner's association. Since they'll be moving from a small apartment and will be spending money to furnish their new home they prefer not having the additional expense of HOA fees.
You drive up to a little Cape Cod with dormers, picket fence with roses, fireplace and an American flag. Husband and wife both announce, "This is it" and you haven't even shown the interior yet. The interior is quaint with lots of cute nooks and crannies plus a built-in corner hutch in the dining room. You know they've fallen in love with it - they're holding hands as they take the tour
Once outside you notice the homes in the immediate area are in good condition and well cared for. However, you know there are homes throughout the subdivision that do not show as well - it doesn't have an HOA
They've asked to tour the neighborhood to "get a feel" for it. How do you address it when they comment on the "cosmetically and physically challenged" homes a few blocks away?
After allThere are many reasons people may prefer a home without an HOA. However, these are first time buyers with no experience. They are looking to you for direction. What direction will you recommend?
- The lack of an HOA set up the conditions for derelict houses in the subdivision
- One of the neat houses within eyesight of the home they're interested in could go "rogue"
My husband and I have assisted many first time buyers during the 35 years we have been in the business. We will counsel them thoroughly on the pros and cons of purchasing a home where there is no architectural or use control provided by a homeowner's association. It is the type of counseling we would want a REALTOR® to give our first time buyer children if we were out of the area and unable to counsel them in the decision
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