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It's the sellers responsible for providing it and I have them make the offer contingent on the HOA docs (as well as other contiengcies) anyway
Hella M. Rothwell, Broker/Realtor® - the only HOA information they have is - HOA fees. At times, may be, about the pet policy.
Rarely is the HOA information available before an offer is made. I require all buyers to get an HOA document review. If they do not agree to get that ... I do not agree to represent them.
Our MLS has HOA fees placed in the listing so buyers know how much the home will cost with the HOA dues before they write. The deal allows for termination based on review of the preliminary title report and CC&R's, Bylaws. If a buyer wants to know about the HOA prior to offering, research can easily be done to provide these documents for the buyer's review, but rarely does this happen.
we don't have HOA in subdivisions....we have condo associations for condo communities...we provide rules and regulations up front.... and condo docs if requested...
Name of HOA Yes. Monthly Fees and what they cover per MLS, Yes.
Otherwise: NO! The HOA disclosures are ordered by escrow and delivered directly to the buyer. You DO NOT want the liability of interpreting HOA documents.
Ryan Huggins - Thousan...
Thousand Oaks, CA
As the buyer's agent I may not(likely not) have any yet alone all HOA information unless the listing agent orders/makes it available prior to offer submission. When discussing any HOA details I will cite the source of information: HOA fees are $xxx.xx per month per the listing agent's remarks. Even the number of units shown in the mls needs to be verified let alone any other details.
As you know in California, our purchase agreement addresses this issue and this becomes part of that first discussion who may be considering a properyt within a HOA.
Only if there is something about the association that is pertinent to their needs. I usually give the HOA information 14 days so if the buyer needs to get out of the contract, they are able to within that time frame.
Hella M. Rothwell, Broker/Realtor® Other than general information no. The seller is responsible for providing an up-to-date HOA package.
No I wait till contract is accepted
Only that which is in the MLS listing - and the contact info for the HOA if they want to ask for more information...
I inform them of things I know.
The documents are not usually available at that stage.
If I have a copy from a previous transaction I loan them my copy.
The custom here is to provide a resale package from the HOA or condo association once the contract is ratified.
Only general info.
The Seller must provide a written disclosure per Florida Law; most LA's put this disclosure, plus the Covenants and Restricitons, in the MLS Associated Documents.
Most of the HOA's have their info online so i can download it. if I cannot access online I get it from the lising agent.
Absolutely, our MLS asks for this information when listings are input into system. The PAR contracts also request this information or give buyer the option of including contingency to make contract contingent on receiving and approving HOA and or Condo docs if applicable.
If they have a company truck or animals that could be in question.
Important to know what you are buying.
Just the existence of an hoa would be enough to keep me from looking at it.
After an offer.
I provide them with everything that I have available to share with them.
I give them as much as is available. I know about many of the HOA's and we keep copies of CC& R's.
Many times you just cannot do that because the LA doesn't provide it or the seller doesn't have it. Our contract says 5 days must be produced for attorney & buyer to review.
Hi Hella - The annual dues are part of the listing, but we may also have covenants in our files, and if we do, we'll provide them pre-contract if the buyer wants them. The full HOA package is part of the title work that is usually provided about a week in.
It depends... I do try and get the CCR's in advance, but frankly have never had a contract die over HOA docs.
The HOA documents are a diligence that should be reviewed before methinks
Yes, and many of the listing agents post it on the MLS with the listing.
I give the buyer HOA contact info and the CCRs when we obtain them.
In Virginia, the seller has to provide and HOA package to the buyer.
What Thomas J. Nelson, Realtor, CRS said. I suggest buyers call the HOA is they have questions.
I do if it is available Hella M. Rothwell, Broker/Realtor® but many times the listing agent does not have the CCR's up front.
Yes, HOA Disclosure addendum and if available HOA Docs, however the buyer has a three day right of recission on receipt of the HOA Docs regardless on timing with the he contract acceptance date.
Name, fees and what the listing agent says they cover is all in the MLS. The CC&Rs you only get after opening escrow.
Yes, at least the costs involved and what they cover, amenities included, etc.