3,344,906
If the HOA docs are ordered correctly, in CA, they use a form. The form is the questionnaire. However, despite what the contract states, most listing agents in my area have the title company order ... and they don't use the form. Garbage in. Garbage out.
The condo cert required by the buyers lender is most often paid for by the buyer. That, as Michael Jacobs states, is negotiable ... and is negotiated in the purchase agreement as to who pays for what.
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Inna Ivchenko
Encino, CA
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Lyn Sims
Schaumburg, IL
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Youree Lundy
Orlando, FL
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Mary Yonkers
Erie, PA
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Michael Jacobs
Pasadena, CA
613,494
It should include
- the Q and A
- the financials
- current ruls and regs
Since the seller is required to provide, the cost is theirs also.
Eve
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Mary Yonkers
Erie, PA
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Fred Griffin Florida R...
Tallahassee, FL
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Kathleen Daniels, Prob...
San Jose, CA
4,571,881
Everything is negotiable but typically the questionnaire is required by the buyer's lender(and buyer pays) if there is a fee.
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Inna Ivchenko
Encino, CA
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Kathleen Daniels, Prob...
San Jose, CA
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Ron and Alexandra Seigel
Carpinteria, CA
5,048,728
HOAs here charge for the preparation of HOA documents for the buyer, oftens hundreds of dollars. The lender normally forwards a copy of the condo questionnaire - the Demand - to the HOA as well for completion. I don't think there is a separate fee, but for that buyer would pay
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Inna Ivchenko
Encino, CA
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Kathleen Daniels, Prob...
San Jose, CA
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Ron and Alexandra Seigel
Carpinteria, CA
3,986,258
Not required but It is one that I ask for
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Mary Yonkers
Erie, PA
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Youree Lundy
Orlando, FL
3,988,007
The lenders are not asking for the condo questionaire at the beginning. I get asked for that later on.
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Mary Yonkers
Erie, PA
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Youree Lundy
Orlando, FL
4,935,556
Not sure about that. My title company provides everything for a fee.
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Mary Yonkers
Erie, PA
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Youree Lundy
Orlando, FL
2,781,013
The association knows what is required and will provide. Some charge for it. Furthermore, competent escrow officers know what is needed too
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Mary Yonkers
Erie, PA
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Richie Alan Naggar
Riverside, CA
5,772,575
Youree,
Everyone here gave you great answers. A
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Mary Yonkers
Erie, PA
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Ron and Alexandra Seigel
Carpinteria, CA
7,835,293
4,319,419
Youree Lundy - the condo questionnaire goes directly to the lender...
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Mary Yonkers
Erie, PA
3,727,873
There is a lenders questionaire that isn't typically included in the condo documents. I haven't noticed charges being passed on at settlement.
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Mary Yonkers
Erie, PA
1,157,785
Specific documentation described by legislation is available from condo management for a price set by the legislation. There is no "condo questionnaire" requirement in my jurisdiction.
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Mary Yonkers
Erie, PA
1,622,432
My escrow order HOA docs only after the offer acceptance, since can be very expensive and should be paid in advance.
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Youree Lundy
Orlando, FL
1,466,207
Youree Lundy All items within the condo docs are the responsibility and expense of the seller.
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Mary Yonkers
Erie, PA
5,583,278
that does include the questionnaire....
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Ron and Alexandra Seigel
Carpinteria, CA
989,652
5,216,284
2,362,584
2,443,250
56,940
Yes, actually the seller has to have it filled out by another condo owner. Last year I sold a condo and the LA was taking his time getting these docs(it was holding up closing), there was another unit in the building on the market and I got them from that agent!
1,153,794
Anything which pertains to what you're getting yourself into desrves some scrutiny. It's a small price to pay to see how it's being governed along with the economic health of the Association.
1,844,171
No it does not include the 921 or something like that. We provide for free the rules, decs, bylaws. Lender then might want that form & the mgmt company charges an arm & a leg. I've always fought that the buyer should pay.
Our contract does not call for seller to pay for lender questionaire. So it's an up in the air item.
1,239,801
1,231,853
1,502,868
I'm not familiar with a questionnaire required by lenders. That would likely be covered under the loan contingency, assuming the lender will not loan if it comes back with bad answers.
The rest of the docs are part of the buyer's inspection contingencies.
*All answers based on CA practices*
2,684,009
4,800,082
Yes, this is standard procedure. But, most managers don't charge for this form.
17,656
Yes, we include the questionaaires in our area. Lender or title company usually facilitates this request.