Features of a Homeowners' Association:
â€¢Membership is mandatory for all property owners within the development
â€¢Members are usually charged mandatory fees
â€¢Homeowners associations have the authority to enact and enforce maintenance and design standards in addition to those established by City ordinances
â€¢Homeowners' associations are corporations with formal bylaws - there is usually a governing board which hires a property management company to handle maintenance and enforcement issues
â€¢Many homeowners' associations publish a newsletter
You probably won't get that from someone who is willing to cut his/her commission by 50% just so you can have a down payment.