Home Buying in Boca Raton>Question Details

Jacklyn Sand…, Home Buyer in Delray Beach, FL

It should be MANDATORY to add on the listing the EXACT HOA. You know realtors, this information is VERY IMPORTANT!

Asked by Jacklyn Sandberg, Delray Beach, FL Thu Apr 26, 2012

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In Palm Beach County it is mandatory . An agent will get that amount from the seller and / or the management company if there is one . Best thing is to ask your realtor to check the latest HOA and other fees for an " up to the minute amount. The amount can change after a place is listed and the realtor may not be advised of it .Also the taxes listed will not be the same amount you will pay ...that amount depends on the selling price .That is why there is a disclaimer at the bottom of the customer listing sheet . We input the information given to us .. Being correct IS very important .
0 votes Thank Flag Link Fri Apr 27, 2012
I agree with you 100%. My buyer clients absolutely need this information as it will assist them in making a purchase decision. Having the information readily available along with additional disclosures that attach to a listing should be mandatory. Unfortunately, showings may be delayed or cancelled if I don't have this information in a timely manner. Thanks for posing your thread!
0 votes Thank Flag Link Fri Apr 27, 2012
Jacklyn,
If you want real data from which you make a decision regarding real estate, you need to go to a REAL real estate web site.

Much of the data shown on aggregate web sites is altered, false, out dated or suppressed. There are many, many, many, many places you can go to get valid data. The is and has always been your choice.

Any Delray Beach real estate agent can give you access to the data base that provides actionable data. It is up to you to accept their offer or continue to grumble that the aggregate web sites who are well known for faulty data live up to the report. The choice, as always is yours.

PS: You are right HOA is important data....and agents DO include this data and much, much more. It seems it is time for you to move to more serious real estate resources. Realtor.com or Homes.com are better places than where you are shopping now.
0 votes Thank Flag Link Fri Apr 27, 2012
Dear Jacklyn,

Great point! Sorry you are having issues.. If you need me to research a community for you, it's my pleasure.

Sincerely yours,
Jen Sommers

Jennifer Sommers, Nestler Poletto Sotheby's International Realty
Jen@AgentBoca.com ⃓ http://www.AgentBoca ⃓ 561.819.2958
0 votes Thank Flag Link Thu Apr 26, 2012
Yes yes yes! You are absolutely right, Jacklyn. As a buyer's agent, it is very frustrating for me when a listing has incomplete information because my buyers need that information to determine whether the property is within their budget. HOA fees, condo fees and equity fees are significant expenses.

Nicole Marks Mason, Realtor
http://www.buysellboca.com
561-445-8743
0 votes Thank Flag Link Thu Apr 26, 2012
It is a mandatory field on the MLS.

Paul Saperstein
Re/Max Advantage Plus
Real Estate Broker-Associate
Direct Line 561-251-5296
Toll Free 1-888-363-5910
Fax 561-455-9884
Email paulsap@fdn.com
http://www.paulsaperstein.com

Please click on this link to view a 45 second personal introduction video: http://www.youtube.com/watch?v=QwoJTyNldLw

Please click on this link to view Newsletter Housing Trends eNewsletter: http://paulsaperstein.housingtrendsenewsletter.com
0 votes Thank Flag Link Thu Apr 26, 2012
You're absolutely right, Jacklyn. In fact, HOA fees are a mandatory field on listings in Palm Beach County. The problem arises when someone doesn't bother to check and takes it off an old listing or the listing has been up for for a while and the hoa may have had an increase or decresase in their fee January 1 and this wasn't updated. Another scenario is that often homeowners aren't even sure of the exact dollar they're paying. Thay round it off.

I hear your frustration. It's equally frustrating for us when we have to track that information down as well.

Best of luck to you.

Elyse Berman, PA, ABR, GRI, ePRO
Realty Associates Florida Properties
9174 Glades Road
Boca Raton, FL 33434
561-716-7824
Email to: Elyse@ElyseBerman.com
0 votes Thank Flag Link Thu Apr 26, 2012
I agree. I also wish MLS, and sites like Trulia.com, Zillow.com and others would post when a listing is a Short Sale. It is importnat that people realize, as a Short Sale it is actually listed at a price no one knows if the bank will accept (unless it is the rare pre-approved short sale). Many buyers fail to realize, many times even at full listing price, the bank has to forgive to much debt and will not accept an offer.
0 votes Thank Flag Link Thu Apr 26, 2012
J- If your question is why the HOA and Condo Assn. Information and
assessments are unclear in many listings -much of this stems from
a new type of owner. The consequences to the buyer from th issues
in Association Living are not even felt by many asset managers and REO
listing Agents. They are marketing "hard real estate" -The " Bricks and
Mortar " for " Dollar Values" . Many of these sellers arn't paying assessments
and have no idea what they are!
Bottom Line:Buyers looking to buy in areas that have alot of HOA's need
to use agents that are up on Association Issues, and have a good Real Estate
Attorney on their team! Best of Success! Get the help you need!

Bob Brubaker Highlight Realty Palm Beach County Fl. 561-876-6649
Web Reference: http://pbc-realcam.com
0 votes Thank Flag Link Thu Apr 26, 2012
YES! Not only that. This information MUST be accurate. But we do not live in a perfect world... and it just makes you appreciate those who always DO THE RIGHT THING! Amen...
0 votes Thank Flag Link Thu Apr 26, 2012
OMG. I have said this so many times. I WILL REPEAT


MANDATORY, It should be mandatory. Anything less is MISLEADING.
0 votes Thank Flag Link Thu Apr 26, 2012
very often HOA fees vary in the sense that they are quarterly, monthly, sometimes annual. Some are mandatory, some are voluntary.. Some have Master HOA's and then a condo hoa, etc.

You understand the point, we do our best to be 100000% accurate; but sometimes these HOA policies are mind boggling to even the most experienced professionals.
0 votes Thank Flag Link Thu Apr 26, 2012
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