Menu

Home › Forums › Closed Forums › Buying and Selling RE › Checking HOA’s Finances

Viewing 15 posts - 16 through 30 (of 61 total)
1 2 3 4 5
  • Author
    Posts
  • May 15, 2008 at 3:41 PM #205204
    recordsclerk
    Participant

    The property management companies have been pretty upfront with information regarding HOA’s status. I believe you can also order a copy of the minutes from HOA meetings. A good inspection of the condition of the condo before you buy will help. You may want to ask how many owners are paying their dues? Are there any unpaid bills/services/loans/mechanical liens owed by the HOA? Are there any current maintenance issues? Are there any special assessments coming in the near future?

    May 15, 2008 at 3:45 PM #205084
    Arty
    Participant

    HOA usually issues some kind of document for the seller to the purchaser. I have a brain fart right now and forgot its name. It is a required document for sellers in Washington state, but I guess it is not required here.

    May 15, 2008 at 3:45 PM #205133
    Arty
    Participant

    HOA usually issues some kind of document for the seller to the purchaser. I have a brain fart right now and forgot its name. It is a required document for sellers in Washington state, but I guess it is not required here.

    May 15, 2008 at 3:45 PM #205165
    Arty
    Participant

    HOA usually issues some kind of document for the seller to the purchaser. I have a brain fart right now and forgot its name. It is a required document for sellers in Washington state, but I guess it is not required here.

    May 15, 2008 at 3:45 PM #205187
    Arty
    Participant

    HOA usually issues some kind of document for the seller to the purchaser. I have a brain fart right now and forgot its name. It is a required document for sellers in Washington state, but I guess it is not required here.

    May 15, 2008 at 3:45 PM #205219
    Arty
    Participant

    HOA usually issues some kind of document for the seller to the purchaser. I have a brain fart right now and forgot its name. It is a required document for sellers in Washington state, but I guess it is not required here.

    May 15, 2008 at 3:45 PM #205090
    cv2
    Participant

    How about if you’re going to buy a place and you want to know the state of the HOAs finances beforehand?

    Well in that case, read the reserve studies. That’s the best indicator of the financial pulse of the HOA. Never buy into a complex with less than 50% funded.

    May 15, 2008 at 3:45 PM #205138
    cv2
    Participant

    How about if you’re going to buy a place and you want to know the state of the HOAs finances beforehand?

    Well in that case, read the reserve studies. That’s the best indicator of the financial pulse of the HOA. Never buy into a complex with less than 50% funded.

    May 15, 2008 at 3:45 PM #205170
    cv2
    Participant

    How about if you’re going to buy a place and you want to know the state of the HOAs finances beforehand?

    Well in that case, read the reserve studies. That’s the best indicator of the financial pulse of the HOA. Never buy into a complex with less than 50% funded.

    May 15, 2008 at 3:45 PM #205192
    cv2
    Participant

    How about if you’re going to buy a place and you want to know the state of the HOAs finances beforehand?

    Well in that case, read the reserve studies. That’s the best indicator of the financial pulse of the HOA. Never buy into a complex with less than 50% funded.

    May 15, 2008 at 3:45 PM #205224
    cv2
    Participant

    How about if you’re going to buy a place and you want to know the state of the HOAs finances beforehand?

    Well in that case, read the reserve studies. That’s the best indicator of the financial pulse of the HOA. Never buy into a complex with less than 50% funded.

    May 15, 2008 at 5:22 PM #205200
    Coronita
    Participant

    Thumb through all the HOA's meeting notes and get a copy of the fiscal statement before  purchasing.

     

    The HOA meeting notes usually gives a  pretty good indication of what sort of crap might be going on in your development (things breaking, crime,etc).

    [img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

    —– Sour grapes for everyone!

    May 15, 2008 at 5:22 PM #205248
    Coronita
    Participant

    Thumb through all the HOA's meeting notes and get a copy of the fiscal statement before  purchasing.

     

    The HOA meeting notes usually gives a  pretty good indication of what sort of crap might be going on in your development (things breaking, crime,etc).

    [img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

    —– Sour grapes for everyone!

    May 15, 2008 at 5:22 PM #205280
    Coronita
    Participant

    Thumb through all the HOA's meeting notes and get a copy of the fiscal statement before  purchasing.

     

    The HOA meeting notes usually gives a  pretty good indication of what sort of crap might be going on in your development (things breaking, crime,etc).

    [img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

    —– Sour grapes for everyone!

    May 15, 2008 at 5:22 PM #205302
    Coronita
    Participant

    Thumb through all the HOA's meeting notes and get a copy of the fiscal statement before  purchasing.

     

    The HOA meeting notes usually gives a  pretty good indication of what sort of crap might be going on in your development (things breaking, crime,etc).

    [img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

    —– Sour grapes for everyone!

  • Author
    Posts
Viewing 15 posts - 16 through 30 (of 61 total)
1 2 3 4 5
  • The forum ‘Buying and Selling RE’ is closed to new topics and replies.