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HOA Lawsuits Affecting Home Sales In Some Communities ~ Fridays with Fred

By
Real Estate Agent with Fred Sed Group ~ Your Premier Southern California Realtors CA BRE #01423187

Many homeowners in communities around Orange County, California, that have a Home Owners Association have woken up to the harsh reality that if their Association is currently involved in a lawsuit, any buyers looking to buy a home that falls within the HOA, faces the prospect of not being able to get financing until the lawsuit is over.

Great Opportunity For Some Buyers

Yes there are homeowners who live in HOA communities might not be able to qualify for financing or get a loan,. But homes that are for sale in these communities present opportunities for all cash buyers who are looking to buy their first home or buy an Orange County home for an investment opportunity.

Even though the Orange County real estate market is still hot, homes for sale in some Home Owners Association communities sometimes been selling for 5% to 20% less and there’s always a limited amount of buyers because not everyone can afford paying all cash for a home.

Where To Find Hot HOA Deals

The easy way to find discounted HOA homes, apartments or condos is by hiring a top Orange County realtor. What can a realtor do for an all cash buyer? Orange County real estate agents have exclusive access to the Multiple Listing Service and can save any buyer time and money because the buyer won’t have to spend their time looking for HOA deals that would qualify for an all cash purchase themselves.

To get started with finding the best HOA properties in Orange County that are for sale now, contact the experienced team of Orange County realtors today at (949) 272-0125 or email us at info@bestocproperties.com.

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Show All Comments Sort:
Wallace S. Gibson, CPM
Gibson Management Group, Ltd. - Charlottesville, VA
LandlordWhisperer

IMHO * any condo buyer needs to learn about any litigation AND any fair housing complaints as insurance does not cover any awards for most lawsuits.  Self-managed HOAs have MORE potential for litigation and running afoul of fair housing issues

Nov 23, 2012 02:11 AM
Fred Sed
Fred Sed Group ~ Your Premier Southern California Realtors - Irvine, CA
Your Southern Cali Realtor, Why? Because Fred Se

Well said Wallace. I think you know better than any of us the perrils of lawsuits in these types of situations.

Nov 23, 2012 02:19 AM