Proactively Ask Questions to the HOA

By
Real Estate Agent with Sun Realty NC

Do your due diligence! Call and ask the HOA or HOA management company questions.  Keep these questions in mind:

  • Have there been any special assessments before? Get the details and ask if there is discussion about having another one.
  • Have there been any lawsuits or are any expected? Check court records.
  • How many insurance claims has the HOA had?
  • If roofs are an HOA responsibility, are there plans to transfer the burden to the owner? How many roof repairs have there been in the last couple years?
  • Are there plans to change the HOA’s covenants, conditions, and restrictions?
  • Have there been any repairs from extensive water or termite damage in the last couple years?

 

Then review the HOA’s covenants, rules, meeting minutes, violation policy, collection policy, and other aspects.

 

Buyers need to be involved and concerned with the HOA business that they are becoming a part of before closing — and they need to stay involved after closing.

Posted by

I strive to be your one-stop-shop for all that is happening in world of real estate and in our very own little oasis of the Outer Banks of North Carolina. I invite you to become a fan of our Facebook page (https://goo.gl/9HGocw ), post your comments, ask questions...start a conversation!

If you are considering buying or selling in the Outer Banks, please contact me today at 252-489-8491. Should you have any questions or would like to discuss your unique situation regarding real estate in the Outer Banks of North Carolina, then please call or email me today.

 

Got questions?
Ask! 
hughwilley@sunrealtync.com or 252-489-8491
Hugh "Scooter" Willey
www.nagsheadhomes.com 
www.hughwilley.obxwhere.com
www.outerbankshomes4sale.com 

 

If you enjoy my blog posts, then let's Network more, here is my LinkedIn Profile

 

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