The Arizona real estate purchase agreement that all Realtors in Arizona use requires the HOA to provide you with a copy of the CC&R, Bylaws and any additional important information needed to make an informed decision about purchasing the property you have under contract. If you disagree with any of the information provided by the HOA, then you can cancel the transaction and get your earnest money back.
Receiving this information before hand will be costly for you especially in our competitive market so it would be advised to get the property under contract before giving any HOA your money. You or your realtor can call the HOA to ask simple questions like what does the HOA maintain, if rental homes are allowed, RV parking, etc.
After visiting the property and there is visible deferred maintenance, then you will want to ask the HOA if they plan to fixed the deferred maintenance of the community or the unit you are considering purchasing. The community might have a high percentage of foreclosure or non-paying resident in the community. I would proceed with caution if there is deferred maintenance and you are unable to get a clear answer from the HOA.
Please let me know if I can be of any further assistance with your home search.
Sean Heideman, Broker / Owner