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How Reluctant are You to Buy Where There's an HOA?
Real Estate Professionals don't find it uncommon to work with homebuyers, reluctant to buy homes where there's an HOA (Home Owners Association).   This particular group of buyers, often hear discouraging stories of overbearing HOA associations, with restrictive rules that seem to overreach; or are plagued with lawsuits and dysfunction in some way.
 
There can certainly be associations with significant issues, which make homebuyers cautious of becoming involved with their issues.  But not all homeowner associations are created equal.  And, many times having a Homeowner Association in place can save future distress with homeownership!
Let me provide you an example.  Alan and Betty were clients who wished to sell their existing home, and move into a better neighborhood.  What were the issues in their present neighborhood that acted as catalyst for wanting to move?  The neighbor directly across the street had turned their driveway into a parking lot of old non-operating cars.  There were 3 of them to be exact.  These old vehicles had flat tires, rusty roofs, and cobwebs and debris accumulating beneath.  There was junk piling up on the front lawn.  This problem neighbor was causing significant distress to not only home values on the street, but an eyesore for the neighbors.  Yet, there was little ... more

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