HOA Coach

Episode 3: Check Out Your HOA Before Buying a Home

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You'll spend lots of money buying a home, including a title search, termite and home inspection, and you'll spend lots of time checking out the schools, shopping, recreation, restaurants.

Will you check out your HOA?

Here are 8 things you should check out about your HOA before buying your home:

  1. Governing documents, including CC&Rs, Bylaws, Rules, and Policies.
  • Financial statements and budgets
  • Reserve Study (a what??)
  • The assessment history
  • Check that you received all the documents that you're required to receive
  • Review the prior owner's account standing, including any outstanding delinquencies you might end up responsible for.
  • Ask for copies of all prior Architectural Requests, and review the property to make sure everything added there after the developer sold the house is approved.
  • Review all outstanding violations.
    • ...more
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    HOA CoachBy A GoodClix Production