When purchasing a home in an HOA (Home Owners Association), there are things to look for to ensure there are no red flag issues which can cause heartaches and unforeseen financial obligations down the line. The health of the Association can impact the buyer financially, if they are not paying attention. Know who you are getting into business with; after all, your HOA will become your business partner.
There are hundreds of pages in an HOA package, so a good agent can help direct and assist in reviewing the appropriate information, so that you can make an informed decision.
These are the top 4 items to verify to avoid red flags.
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