Financial Health of Homeowners Associations

Should a potential homebuyer be concerned about the financial health of the homeowner's association in a prospective neighborhood? What is the best way to guard against walking into a potential "special assessment" situation where one might be expected to pay an abnormally large association payment at some point in the near future? Or, is this issue just so uncommon that it shouldn't be a concern to the potential homeowner?
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February 14 2013 - Williamsburg
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Yes, of course.  It may be more important than a property inspection.  

When someone buys into a Condo or Homeowners Association, they are making 2 investments.

One investment in the actual property and one investment in the business corporation of the Association.  They want both investments to be good.

That's why we provide Due Diligence of Condo & HOA Associations for potential homebuyers.  We analyze the financial health and also determine if there are any livability issues.

Visit [deleted by Zillow moderator] to download a FREE Due Diligence Checklist which will help you find some of the information yourself.  You have to know the right questions to ask!
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February 19 2013
 
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Financial Health of Homeowners Associations
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Latest reply by Condo And HOA Smart
February 19 2013 | 1 answers
  • Posted by Charlotte Turner, ABRĀ®, e-PRO
  • In Neighborhoods
  • February 14 2013
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