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Buyers sh*t out of luck on buying a non-HOA property in some Cities!

By
Real Estate Agent with REMAX Fine Properties BR525714000

The HOA industry says 20% of properties are in HOAs...Greater Phoenix area shows it's approximately 70%. Some cities are over 90% 9 (see picture below). Owners are paying billions of dollars each year to HOAs...yet, the legislators don't want to license and substantially regulate the HOA management companies...53,458 sales times $400 estimate of transfer & disclosure fees equals $21,383,200.00...WOW! (and note, many times it goes to the management companies, not the HOA). 

 

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Jill Schweitzer
REMAX Fine Properties - Scottsdale, AZ
Associate Broker & HOA Homeowner Advocate

Are you able to search in your area for these kind of stats in other Cities? Does your MLS allow you to input HOA/Yes-No? If so, please post your results! And please let me know if I can provide to other homeowner advocates for HOAs. Thanks!

Oct 04, 2015 12:23 AM
Kat Palmiotti
eXp Commercial, Referral Divison - Kalispell, MT
Helping your Montana dreams take root

Wow, where I am, most single family homes are not in HOAs.

Oct 04, 2015 12:36 AM
Jill Schweitzer
REMAX Fine Properties - Scottsdale, AZ
Associate Broker & HOA Homeowner Advocate

The older cities on the list, are the ones with more non-HOA options...The list includes condos/townhomes/single family...just basic look at all housing options for each of the cities. I knew 20% wasn't true here, but was shocked that some of the cities were as high as they are.

 

Oct 04, 2015 12:57 AM
Sandy Padula & Norm Padula, JD, GRI
HomeSmart Realty West & Florida Realty Investments - , CA
Presence, Persistence & Perseverance

Jill Schweitzer Believe me, once lawmakers realize there are substantial moneys and 'revenue' to be taxed and feed upon, there will be HOA regulations, much to the chagrin of homeowners paying into these associations.

Oct 04, 2015 02:51 AM
Jill Schweitzer
REMAX Fine Properties - Scottsdale, AZ
Associate Broker & HOA Homeowner Advocate

I think it will more likely be at the chagrin of the management companies.

Oct 04, 2015 03:10 AM
Maureen Fukumoto
Help-U-Sell Realty Pro - Mililani, HI
Maureen

My entire city, Mililani, is one HOA  with other HOA's within it. It works well for us.

Oct 10, 2015 07:37 PM