Home Buying in Florida>Question Details

Robby, Home Buyer in Madrid, IA

Understand what HOA include

Asked by Robby, Madrid, IA Fri Jan 9, 2009

Hi there,

i asked to a builder what his high HOA (condo in windermere) include.

Its replied:
"the HOA is $364/month and includes CAMs, the pool and cabana insurance"

CAMS is for Community Association Management Services, yes?

So in so high HOA i have so little? Or in CAMS could be included many voices as building insurance, exterior maintenance, trash removal etc etc?

Many Thanks

Robby

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Answers

2
Robby,

The issue of high HOA fees is one that gets in the way of many transactions. People find a home of their choice but are turned off gy fees that they know will only increase over time.

If you are still interested in this community, we recommend that you request in writing, what the HOA fees include. It is important to varify all information. We do find that often, this issue is not clearly understood.

Good luck
0 votes Thank Flag Link Fri Jan 9, 2009
Robby
With any condo purchase in Florida the "Seller" has to by law supply you with a full disclosure of ALL HOA docuements before you close. This means you will know exactly what all the rules and regulations are and what the CAM Services do and supply. (If you are unhappy within a time period you can withdraw your offer without loss of deposit). Hope this helps.
Best Regards

Paul Whitehouse.
Web Reference: http://www.paulsold.com
0 votes Thank Flag Link Fri Jan 9, 2009
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