As a Realtor® in Weston FL...Selling and renting out a home in FL can be a challenging for me as well as the homeowner.

This market is tough. Prices are dropping daily and some homeowners are facing the fact that they can no longer wait to sell and the only alternative for some is to move out and rent it to cover part of their expenses in order to avoid foreclosure. Most of the homeowners I speak with daily are concerned that even if they rent it out they can't command enough to cover their bills. Basically it's a temporary band-aid to cover the wound and stop the bleeding.

Most homeowners will face enough obstacles.... hoping that they get a contract on their home in a reasonable time and then want to close quickly so they can be relieved of the tremendous debt that id weighing them down. The same goes for the ones that need to just get a warm body into their home and collect some income. Even though it's negative income it's still enough to keep them from losing their homes. It's bad enough that they have to go through the process of waiting for the buyers loan to be approved and cleared to close but when their own homeowners association holds up or delays their home from closing or even losing a months rent due to the lack of being proactive.... then in my opinion all these board members are doing is making matters worse by impeding on the sale and or rental of their property because they want to take their dear sweet time giving an answer in a reasonable time frame. It's hard enough for people to sell or their properties....let these board members stick to sending out violation notices .......they seem to be pretty quick with handing those out.

When I owned my previous home I decided to get more involved with my association. I figured that if I could help be more proactive...my fellow homeowners would greatly appreciate that I was working in their best interest. I became vice president of my homeowners association and sat in that position for about 7 years. In this particular subdivision where I lived there wasn't a requirement to be approved for the sale but a few years later we decided there was a need to screen renters. Even when we made an adjustment we still worked with the homeowner to get the process completed rather quickly and without too many complications.

There are a lot of areas across the country that do not have associations and some that do but without any approvals needed. Recently I have noticed that these boards want to take their dear sweet time with all kinds of long waited policies for approvals. Many times we have deals that need to close quickly and homeowners want their properties occupied as soon as possible. Being on the board of as homeowners association is a volunteer position and unless government steps in then it's a non-paying position.

Basically when you don't get paid...you're not motivated enough to try to help some folks out and make a few exceptions. Money talks and bullsh-t walks. Getting approvals in some areas should be a quick decision. And if one board member cannot fulfill this then there should be others that can come out of the bullpen in relief. This is not happening. They simply don't care how long it takes. They don't take into consideration the fact that people are sitting at the closing table waiting for an approval and I have even seen a case when someone asked if their approval could be expedited and then they had to pay an extra fee but where that fee went to is beyond me.

Back in July 2007 I had one property that I listed for rent. The homeowner found me on the Internet and it turned out that we lived across the street from each other. We ended up getting a renter within a few weeks and the renters agent needed to get in an approval to have the lease start the first of August. But because of lack of responses from the association and excuses to delay the process...the homeowner lost one months rent of $2,200. It was bad enough that their expenses were about $2,900. He was pissed off and wanted to hire an attorney because of what he called dirty tactics the property management company was using to hold up the occupancy of his new tenant. In the end ...he ended up losing a month of rent.

I'm seeing more and more delays and that is pissing off these folks. Whatever happened to helping people during tough times? I bet that if there were a homeowner in the same situation who happens to serve on one these boards that there would be a way expedite the sale of their own property.... there would be instant answers.

For more information please contact Neal The Real Deal Bloom-Realtor® /RE/MAX Premier Associates

 Remax Real Estate Weston Florida                                                                                        Weston Realtor(R) Neal Bloom-copyright 2007

2500 Weston Road ,Suite 103

Weston FL 33331

(954)608-5556

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9 Comments on Are Homeowners being penalized by their own Homeowners Association?

MAY
03
2008
595,285 Points 111 Featured Posts Localism Sponsor Outside Blog
I think all associations have a time period to approve stuff. If we want to install a security screen door we have to put in a request and they decide at the next board meeting. Now, tenants are at the discretion of the owner. Bottom line...then they'll raise all our fees.
10:38pm • #1
677,132 Points 145 Featured Posts Localism Sponsor Outside Blog Hit Router

Good article, Neal. There are some well run, efficient and financially solvent HOAs, and others that are a disaster waiting to happen. Great food for thought.

Jeff

11:37pm • #2
243,318 Points 3 Featured Posts Outside Blog

Neal,

That is very real here in Las Vegas, too. Many HOAs just aren't putting enough pressure on the management company to expedite basic services they are supposed to provide. The delays can be very costly to homeowners and most of this stuff is very basic anyway.

11:55pm • #3
MAY
04
2008
414,108 Points 59 Featured Posts Localism Sponsor Outside Blog

Well written, Neal!  Unfortunately I think you hit the nail on the head when you said volunteer positions on association Boards--those who volunteer on these Boards aren't getting paid to do it and they forget that humanity is a major portion of their duties!  Maybe you can propose to some of these HOA Boards/mgmt firms that they put a deadline on their screening and if not met, then the homeowner can make the decision him/herself?

Debe in Charlotte

12:09am • #4
258,770 Points 26 Featured Posts Outside Blog
hearing stories like this I am thankful to live in the sticks and not have these issues on top of everything else... go get em Neal
1:14am • #5
408,296 Points 74 Featured Posts Outside Blog

Sally,

They do have time period...this is about how they love to delay things and I can tell you that there aren't many if any sales or renting going on right now so I can't imagine why they can't take extra time to accommodate people. They can only meet twice a month regardless. Not everyone can go by their schedules in life.

Jeff,

This particular situation ....they don't even have a management company..its a small place with a few people on the board....it might take an hour out of their day ...but as I said before there isn't compensation to speed it up.

Esko,

The problem with the pressure is if you do it..the get more pissed off and don't cooperate..they also hire people who in my opinion are not qualified for their job title...not enough people being proactive.

Debe,

When I was VP I always tried to expedite for people in our sub but the master assoc. officers were very lackadaisical. I think it's the FL mentality.

Thesa,

Sometimes living in non associations can be good but they also can cause your neighbors to so something that devalues the neighborhoods...there are pro's and con's.

8:47am • #6
Neal, I have been dealing with the same issues with my personal HOA lately....I have called for weeks trying to get some communication back and have had none.  Instead, now they want to charge me penalties and such!  It's ridiculous!
2:23pm • #7
434,704 Points 70 Featured Posts Outside Blog

NB,

Weston is a very complicated area.

Management companies are hired by the HOA, and there lies all the fault.

 

 

5:25pm • #8
MAY
05
2008
408,296 Points 74 Featured Posts Outside Blog

Jeremy,

It sounds like your condo commando's are out in full swing.

Scott,

not just Weston...all over.

2:01pm • #9

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Neal Bloom-Realtor ® Assoc.-CRS-Weston FL

Weston, FL

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Keller Williams Properties

Address: 1625 N. Commerce Parkway ,Suite 105, Weston, FL, 33326

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