Believe it or not some Texas HOAs are hurting their own residents' property values. It is not intentional or at least I don't think it is. In certain areas of Frisco and McKinney there are HOAs that have decided that real estate open house signs should not be used. They go around and will pull these signs if they are put up and they see them. They do not bother to contact the Realtor® regarding the infraction. They simply pull the signs without notice and destroy them. These signs are not inexpensive. They average in Texas about $25 per sign.
How does this impact a resident's property value?
If people cannot find your home, you cannot sell your home. When you limit your marketplace, you limit your ability to get the most offers. The more offers you get the more opportunity to improve the offers. The better your chances of getting larger offers. This is not limited to only that particular house for sale. When people try and find a home and can't that looks bad for the whole sub-division.
When buyers discover that it is the HOA causing the issue and not the real estate agent sending them on a wild goose chase that HOA looks bad. Now if an HOA is going to be that strict on an open house sign how strict are they going to be about all the other things HOAs control such as landscaping, paint, driveways, extensions, pergolas, patios, etc.... It is HOAs that take this type of stance that give HOAs a bad reputation. In this case the reputation has been earned.
It would be very easy for the HOA to work with Realtors®. We all want to have a nice place to live. Give the Realtors a 4 hour window on the weekends. They can hold an open house anywhere from 1 to 5 and keep their signed up from noon till 6. Any sign left up after or put up early can be removed. HOAs should realize that realtors will help their residents get the most money for their house. This in turn increases the subdivision's property values and after all isn't the primary goal of an HOA to maintain and increase the property values of their residents?
Sometimes HOAs will create issues that are not necessary and even detrimental. For more information about Frisco and Texas HOAs, you can learn more here. When you are looking in Frisco, McKinney or anywhere in the North Texas area, come talk to me. You will find as much as you want to know about HOAs, after all I am the President of mine. Then come find out what my other clients already know, when you work with me—Your Success is My Focus.