There are plenty of jokes and horror stories concerning Homeowners Associations. But how true or warranted are they? In this episode, the Five Star Real Estate Team breaks down the facts of HOAs and their impact on real estate transactions.
0:50 Start
1:25 HOA Facts and Figures
2:19 What is the Purpose of an HOA
3:01 Organization and Operation of an HOA
4:53 Joining vs Refusing
6:44 Fees
10:58 What if you want to get more involved?
12:19 Impact HOAs Have on Real Estate Transactions
13:31 HOAs Scaring off Potential Buyers
14:30 Finding More Information on an HOA
16:47 Owner Occupancy Ratio
20:46 Other Important Considerations
22:30 Issues Arising with HOAs
23:43 Questions for Legal Counsel
26:32 HOA Neighborhoods
27:41 Townhouses vs Condos
30:49 Cost of Ownership of HOA Homes vs Non-HOA Homes
32:44 HOA’s Impact on Re-Sale Value
34:18 Wrap Up
If you ever hear something on this podcast that interests you in any way and want to discuss it more, please do not hesitate to call or text my Five Star Real Estate Team at 925-297-5335. You can email us at info@fivestarrealestatepro.com.
