The value won't affect you, you sign HOA form that states you agree to pay current dues monthly or quarterly, What should be of concern to you is you have a 3 day right of revision to review all current by laws and docs, also up to date financials. There you will see if they are in arrears, negative in dues, or debts, costs of all maintainance services, any current repair assesments or future upgrades planned and amounts to be asseesed per unit. If everything meets your approval then you will sign off and continue with your purchase. If you are getting a mortgage a new appraisal will be ordered, you can make the contrract subject to this too. call me to discuss your needs.
Russ Greenberg, Realtor, ePro, RELO FlaHomeMover@aol.com
Florida's Real Estate Leader since 1926, 30 offices serving South FL
(561) 445-8782 -direct http://russgreenberg.live.keyes.com
Keyes Real Estate, Mortgage, Title, & Insurance
Boca Blue Lake Office
1200 Yamato Rd Suite B-1
Boca Raton, FL 33431
efax- 561 249 5718
Nicole Marks Mason, Realtor
should remind us of two important issues involved in buying a home
that's part of an HOA or Condo Association.
Once you close you will be responsible for the standing assessments
or current charges against the unit! You will also be responsible tfor
compliance with the existing CCR's or " Docs" containing Covenenants
Bylaws,Rules and Regulations It is important to understand all that is
Listings and the information presented do not have any control over what is
being bought or sold ! Listing information on facts,figures, and obligations
always should be confirmed ! Stated taxes,charges,conditions,etc.
may or may not reflect the restrictions and liabilities on a property!
Title Searches and Attorney reviews help - but the buyer remains
remains responsible! Consult a Real Estate Attorney familiar with
Community Assoiation Law. Best of success !
Bob Brubaker Highlight Realty Palm Beach County FL. 561-876-6649
You'll note a disclaimer in every listing that indicates that the information supplied is believed to be reliable, but may not necessarily be accurate. So it is up to you as the buyer to learn the correct HOA fees before you purchase. If you are working with a mortgage, you will need accurate numbers because your mortgage loan is predicated upon the actual dollars you will have to pay out each month in order to maintain your Delray home.
In order to get accurate information, you may want to contact the HOA< and ask the homeowner if you can see the latest HOA bill. The homeowner will be happy to give you the correct figure if hyou ask.
The HOA fee noted in the listing for our Delray Beach home may be incorrect because it might have changed (usually to a higher sum) since the home in Delray Beach was initially listed.
If you purchase a home in Delray Beach with an HOA, should expect that HOA fee to increase every year or two.
Marc Jablon, The Jablon Team
RE/MAX Complete Solutions
The listings have a disclaimer that says "information is believed accurate but is not warranted". Everything that is on the listing should be verified before closing. Once you purchase the property you'll have to pay whatever the association states are the HOA fees. Before you close on a property you have to submit an application to the association, that should have been the time to ask that question.
Please do not hesitate to contact me if I can be of further assistance.
East Coast Realty
If you have not closed yet the best way is to have you Realtor call the management company directly,
so you have the accurate numbers, otherwise you would end up with a misunderstanding.
All the best,
MARIA AHMAD - CNS,CHMS
Lang Realty - 9858 Clint Moore Rd C - 124
Boca Raton, FL - 33496
Cell: 561-445-3818, Office: 561-989-2100
Fax: 561-989-2101, Home Fax: 561-483-4251
Have you actually closed yet? Because the seller's disclosure must should have accurate information and have been provided to you by your realtor. Also, there should be an addendum accompanying your contract stating the amount, if this is different from the numbers on the settlement statement when you sit down for closing, you most certainly have grounds to cancel the contract.
Feel free to contact me at 561-703-1023.