The items you mention sound more than reasonable for most of the HOA's I have dealt with over the years and many in the newer communities. The best advice is to partner with a Realtor who is a recognized specialist in buyer representation.
With your concerns, it's very important to remember that the agent working in the builders models represents the builders best interests and, while they must treat you fairly, they have to represent and advocate for the builders interests...not yours. So I would highly recommend you select an experienced, educated, professional Realtor to serve as your Buyer Agent to advise and advocate for your best interests.
Realtors with the following professional designations have specialized education, experience and certified proficiency in the areas that would be of greatest benefit to you:
*ABR(Accredited Buyer Representative) are recognized as having experience, training and proficiency in buyer representation (held by only about 2% of all Realtors)
*CRS (Certified Residential Specialists) The highest designation in Residential Real Estate and are recognized as being in the top 4% of all Realtors in the Residential Sales field
*GRI (Graduate Realtor Institute) recognized as having the necessary basic education in professional real estate, held by only about 25% of all Realtors
When you interview Realtors to represent you, the National Association of Realtors recommends you ask the following questions of buyer agents:
1. How long have you been in residential real estate sales? Is it your full-time job? (While experience is no guarantee of skill, real estate, like many other professions, is mostly learned on the job.)
2. What designations do you hold? (Designations, such as GRI and CRS, which require that real estate professionals take additional, specialized real estate training, are held by only about one-quarter of real estate practitioners.)
3. How close to the initial asking prices of the homes where you represented buyers were the final sale prices?
4. Will you represent me exclusively, or will you operate as a transaction broker representing and advocating for neither side in the transaction? (Itâ€™s important to understand where the practitionerâ€™s obligations and responsibilities lie. A good practitioner will explain the agency relationship to you and describe the rights of each party. Itâ€™s also possible to insist that the practitioner represent you exclusively.) In Colorado this disclosure is required.
5. Can you recommend professional service providers who can assist me in obtaining a mortgage, inspecting my home, and other things I may need done? (Keep in mind here that real estate professionals should generally recommend more than one provider and should disclose if they receive any compensation from any provider.)
6. Whatâ€™s your business philosophy? (While thereâ€™s no right answer to this question, the response will help you assess whatâ€™s important to the real estate practitionerâ€”fast sales, personal service, etc.â€”and determine how closely the practitionerâ€™s goals and business emphasis mesh with your own.)
7. How will you assist me in my property search and keep me informed about the progress of my transaction? How frequently? Using what media? (Again, this is not a question with a correct answer, but that one reflects your desires. Do you want updates twice a week or donâ€™t want to be bothered unless thereâ€™s a hot prospect? Do you prefer phone, e-mail, or a personal visit?)
8. Could you please give me the names and phone numbers of three of your most recent buyer clients?
I hope this information is of assistance
Brian L. A. Wess
RealtorÂ®, Broker Owner
CRS, GRI, ABR, ASR, CSR, CNS, SFR, e-PRO
Infinite Horizons Realty - Metro Brokers
COLORADO REAL ESTATE...DONE RIGHT!â„¢