Home Buying in Rossmoor>Question Details

mb, Home Buyer in Walnut Creek, CA

Is there anyway around the HOA dues? Is low $500's the best that can be done? 6/9K a year in dues is a lot. What do people do who have no income?

Asked by mb, Walnut Creek, CA Thu Nov 28, 2013

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all condos, co-ops and some single family pud units have hoa dues, they are for the amenities that the projects have, swimming pools, gyms, landscaping,maintain of units, garbage, outside electrical, etc. There is no way around them if purchasing in that particular complex. - they are a lien in your title before your deed of trust if there is a lender. right after taxes.
2 votes Thank Flag Link Thu Nov 28, 2013
No, there is no way around HOA dues. The dues cover services, repairs and reserves for the common areas. Hoa dues are mandatory for most planned communities. If you don't want to pay HOA dues you should buy a single or multi family property.
2 votes Thank Flag Link Thu Nov 28, 2013
Homeowners Association (HOA) fees are funds that are collected from homeowners in a condominium complex to obtain the income needed to pay (typically) for master insurance, exterior and interior (as appropriate) maintenance, landscaping, water, sewer, and garbage costs. The costs can be even higher when you have a marina, pool, etc. Therefore, the fees for a condo are specific to the costs of each particular condominium complex.

This is a great article pertinent to your question. http://realestate.aol.com/blog/2013/09/27/ways-reduce-hoa-dues/
2 votes Thank Flag Link Thu Nov 28, 2013
You cannot enjoy the amenities in Rossmoor without paying the HOA dues. Yes, the low $500's are the lowest in Rossmoor. There are many amenities in Rossmoor and it's not for everyone.
1 vote Thank Flag Link Thu Nov 28, 2013
Or get a Bigger House with a Big Yard, and lots of trees, and some animals like chickens and cows.
Flag Thu Mar 13, 2014
Nope there isn't. if you stop paying them you can be foreclosed on by the HOA for lack of payment... some places are higher then others just depends on where you live... Ive seen them from 200.00 a month on up to 1100.00 a month! If you have no income and can't pay it either borrow it, or sell so you don't lose to foreclosure... I know its not an easy choice yet its better then losing it and the money invested.
0 votes Thank Flag Link Sun May 11, 2014
For those who have trouble qualifying with income, a family member may able to help qualify them.
Contact me if you would like to discuss the details.
0 votes Thank Flag Link Thu Nov 28, 2013
The HOA dues for the co-ops include property taxes, water, basic cable, trash. I believe the refrigerators are included and part of the HOA. So when you do the math it really isn't that bad. Plus, you have all the other amenities Rossmoor has to offer.
0 votes Thank Flag Link Thu Nov 28, 2013
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