Becky Hunt, Serving the Treasure Valley  (Epic Realty)

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Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

    Florida Law (statutes) require Seller disclosure of HOA and Condo Association.  I have the Title Attorney or Title company confirm the documents.  I also advise the Buyer to talk with an officer or director of the HOA during the contingency period.

     Irrigation fees?  That must be an Idaho-specific issue; never heard of such a thing.

Apr 18, 2016 12:18 PM
Rainmaker
1,598,130
Valeria Mola
SIB Realty - Miami, Sunny Isles Beach - Sunny Isles Beach, FL
305-607-0709 SIB Realty Condos for Sale and Rent

Title company will check before the closing. 

Nov 29, 2019 10:07 PM
Rainmaker
2,066,224
Evelina Tsigelnitskaya
SIB Realty - Sunny Isles Beach, FL

Title company does it before the closing.

Nov 29, 2019 08:45 PM
Rainmaker
808,502
Susan Laxson CRS
Premiere Plus Realty - Naples, FL
Realtor in Naples & Marco Island, FL

I agree with Fred Griffin.

Apr 19, 2016 09:29 AM
Rainmaker
1,430,521
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

California requires that any HOA provide a list of documents regarding the HOA to prospective buyers and the buyers can back out of the purchase if they don't like what they see.

Apr 19, 2016 05:00 AM
Rainmaker
4,799,732
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

This is a mandatory disclosure in Florida.

Apr 19, 2016 04:37 AM
Ambassador
3,158,656
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

FULL ON  - All of my buyers get a full HOA document review provided by a third party.  When listing, seller provides the documents to the buyer. 

Apr 19, 2016 03:39 AM
Rainmaker
849,472
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

I encourage buyers to investigate; by CT law, info needs to be provided to buyers prior to closing. Since we are an attorney state, buyers have their attorneys review all doc's. I would not want to impose my "opinion" on buyers' decision. But, if I am aware of issues, I would disclose to clients.

Apr 19, 2016 01:26 AM
Rainmaker
1,466,027
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Becky Hunt HOA disclosure is mandatory here. The seller is required to provide the buyer with the HOA docs with the by-laws. The docs have to be signed off by the buyer. Did the buyer read the disclosure package???

Apr 18, 2016 11:43 PM
Rainmaker
2,155,202
Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

Becky Hunt in Atlanta, we have a Community Association Disclosure for sellers to complete as part of the listing documentation.  When I work with buyers, I alway ask the seller to provide copies of Budget, Financial documents, and copies of meetings for past and current year for financials and last 4 meetings. I make it part of the contract to provide documents within 4 days from binding agreement day.

Apr 18, 2016 11:16 PM
Rainmaker
4,569,338
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Fred covered Florida. Have seen irrigation fees charged by a Community Development district, but the title company checks it!

Apr 18, 2016 10:43 PM
Rainmaker
7,038,423
Roy Kelley
Retired - Gaithersburg, MD

You can obtain a disclosure package from the HOA.

This is part of the local market information that you need to learn.

Apr 18, 2016 09:53 PM
Rainmaker
4,492,665
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Our property disclosures require the seller to state if there are any legal, financial issues outstanding with the HOA.

Apr 18, 2016 08:29 PM
Ambassador
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Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Becky Hunt - unless offer is accepted, most HOA in our area do not share this information.

Apr 18, 2016 04:26 PM
Rainer
320,229
Melissa Jackson REALTOR
Trinity Premier Properties - Azle, TX
Helping You Make The Right Move

Don't have many HOA's in this area.  Just sold my first home that was in HOA.  No problem but I did learn a few things.  I've heard horror stories.  Personally I have never lived in a subdivision with HOA.

Apr 18, 2016 02:48 PM
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Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Offers are subject to reviews of the HOA documents during the due diligence period. Docs usually include budget and financials, CC & Rs, Rules and Regulations, and Board Meeting minutes (usually at least 1 year) plus a lender questionnaire if applicable. Never heard of irrigation fees - it's a general water bill typically. I talk with the sellers - they usually know about issues, if any, and have copies of meeting minutes, etc. 

Apr 18, 2016 01:59 PM
Ambassador
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Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

I get the sellers to fill out appropriate disclosures and secure documents from the association.

Apr 18, 2016 01:10 PM
Rainmaker
981,274
Peter Mohylsky
PMI. Destin - Miramar Beach, FL

Sounds like you need to get some local opinions because you are talking a different language to us southern realtors. 

Apr 18, 2016 12:26 PM
Rainer
3,810
Becky Hunt
Epic Realty - Meridian, ID
Serving the Treasure Valley

What is the liabilty to the agent if informaton comes out later and you were unaware of major issues at the time of listing or purchase? And if the sellers don't know the problems until later as well? On a side note do you follow all public notices in the newspaper to be up to date on problems with developers and possibly others involved in the subdivision process??

Apr 18, 2016 12:24 PM
Rainmaker
999,902
Diana Zaccaro Broker Associate
Tropical Beachside brokered by eXp - Cocoa Beach, FL
"The Accidental Blogger" Cocoa Beach, Florida

You lost me at irrigations fees...and are you asking about HOA or  COA? There's a difference.

 

Apr 18, 2016 12:11 PM
Rainmaker
1,525,405
Sybil Campbell
Fernandina Beach, FL
Referral Agent Amelia Island Florida

We have to get a packet from our HOA that has budget, minutes from the board meetings, etc.  This is one of the only ways a buyer can get out of a contract in Virginia.

Apr 18, 2016 12:08 PM
Ambassador
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Patricia Kennedy
RLAH Real Estate - Washington, DC
Home in the Capital

OK, irrigation fees are totally new to me!  I try to get hold of recent newsletters or Board minutes if I have reason to believe there might be issues.  And usually if something is amiss, the sellers will know about it.

Apr 18, 2016 12:06 PM
Rainmaker
2,442,569
Evelyn Johnston
Friends & Neighbors Real Estate - Elkhart, IN
The People You Know, Like and Trust!

Irrigation fees?  That must be area specific I am guessing?

Apr 18, 2016 12:06 PM
Ambassador
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Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

Have not listed or invested in anything in one so far.

Jul 04, 2019 05:21 PM
Rainmaker
945,623
Jennifer Mackay
Counts Real Estate Group, Inc. - Panama City, FL
Your Bay County Florida Realtor 850.774.6582

I love my lending officers  - they send me updates on problems with condos and associations all the time so I'm always in the know

Apr 20, 2016 07:59 PM
Rainmaker
3,986,000
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

I get all information from the assoc.  and If I have any problemsm my atty.gives them a call

Apr 19, 2016 11:38 AM
Rainmaker
129,638
sandy straley
Rindlesbach Homes - Salt Lake City, UT
Selling Homes for over 40 Years

As much info as I can. . . . get a copy of the last four minutes from the meetings as well as copy of the budget for the last year.  CC&Rs are worth getting a copy to give to new buyer. The HOA should furnish you will all the information you request. . . . .

Apr 19, 2016 04:25 AM
Rainmaker
5,580,884
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

adk the listing agent and verify with the head of the association....

Apr 19, 2016 12:57 AM
Rainmaker
2,691,488
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

I would knock on as many doors as I can and hear it from the horses mouths

Apr 18, 2016 11:49 PM
Rainmaker
1,358,341
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

I ask my seller what they know, seller disclosures and then it's up to the buyer to read the HOA disclosure packet. I do not investigate HOA's, I just disclose what I know or learn from the seller, I do not want to take on that unnecessary liability otherwise.

Apr 18, 2016 11:41 PM
Rainmaker
4,264,565
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Check with the homeowner.

Check with the homeowners association.

Order appropriate documents.  

I don't believe I have ever encountered an issue with irrigation fees.  

Apr 18, 2016 11:38 PM
Rainmaker
4,352,493
Richard Weeks
Dallas, TX
REALTOR®, Broker

I encourage sellers in an HOA to order copies of documents tht govern the subdivision including restrictions, bylaw, rules, balance sheet, and if the HOA is currently involved in any lawsuite.  When we go under contract we can make that information available to a buyer.

Apr 18, 2016 11:17 PM
Rainmaker
1,672,315
Sandy Padula and Norm Padula, JD, GRI
HomeSmart Realty West - Carlsbad, CA
Presence, Persistence & Perseverance

We directly contact the HOA manager and ask the right questions

Apr 18, 2016 11:06 PM
Rainmaker
3,070,984
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

Sellers responsibility to disclose any issues.

Buyers responsibility to review anything and everything important to them during inspection period...

Apr 18, 2016 10:34 PM
Rainmaker
3,384,790
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

I start with reading current listings and past mls descriptions, then i get their condo docs and minutes of last years of meetings, that tells all

Apr 18, 2016 10:15 PM
Rainmaker
4,433,809
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

The others have answered the question.

Apr 18, 2016 10:08 PM
Rainmaker
1,708,245
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

The title company is good in this process of disclosure and investigation.

Apr 18, 2016 12:51 PM
Rainmaker
1,183,950
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

Read HOA minutes Uderstand the income statment, Check BBB.

Do not care about a specific fee not being paid.  Worry about the bottom line so far as next increase and lender willing to approve loans.

What is the immediate that will threat a new member?

 

Apr 18, 2016 12:08 PM