Why aren't HOA fees listed?

Asked by Ap, 01364 Sun Dec 18, 2011

Anytime I see a condo I'm interested in, the HOA fees are never listed. Makes me feel like the fees are being hidden for a reason. Why is this?

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5
Ron Thomas, Agent, Fresno, CA
Sun Dec 18, 2011
In some cases, you are right:
In others, it may be that they are afraid to quote a $$ because the fee might change before the property is sold.
It may be that there are variable fees within the Development.
It may be an oversight.
There is also a certain amount of diligence that the Buyers need to do for themselves; like visiting the property and finding out if that is where they want to live.

Good luck and may God bless
1 vote
Mikel DeFran…, Agent, Canton, MA
Sun Dec 25, 2011
Often if it is a REO / Bank Owned the listing broker either may not know, or will leave that information up to the buyer as part of their due diligence. You may also be looking at a national site whose database is not properly tied in to every field our local MLS has ( remember, there are 800+ local MLS's in the country the national databases are tied in to ... so they cannot show close to all available info, only the ones common to every MLS and the ones that buyers typicall search by ). So my suggestion would be to find a terrific local Realtor and to sign up for direct access to the MLS, in which you will find the HOA fees for any condo as listed by the listing broker.

Mikel DeFrancesco, Success Real Estate
http://www.SuccessInMass.com
direct: 617.755.8272
mike@successinmass.com
Web Reference:  http://www.SuccessInMass.com
0 votes
Heath Coker, Agent, Falmouth, MA
Wed Dec 21, 2011
You are looking in the wrong places and using the wrong source of information. All brokers and agents have that info, so you might just contact the listing company/broker/agent.

Sometimes web sites that are only in the business of selling advertising (and/or email addresses) are just trying to get you to fill out a form so they can sell your personal info to the highest bidder(s). Brokers and agents get daily emails telling us they have a "customer inquiry" on our own listing and it will only cost us $X to receive that info - or they'll sell it to someone else.

I'd just call the listing professional. It is easier to get them not to contact you than giving your infor to a site that will add you to marketable email lists.
0 votes
Four Columns…, Agent, Orange, MA
Sun Dec 18, 2011
Home Owner Association (HOA) fees are optional in mobile home listings for the MLS that serves your area (Orange, Massachusetts). While some agents set forth these fees in their listings, others do not, often because these fees vary and change.

For some reason, even when HOA fees are set forth on the MLS and on other web sites, such as our firm's site, they do not appear to be stated on Trulia for mobile home listings in your area unless the fee is mentioned in remarks. Maybe someone from Trulia will respond to explain this omission.
Web Reference:  http://FourColumnsRealty.com
0 votes
Jason Perry, , Manchester, NH
Sun Dec 18, 2011
Yes. Many times it could just be an oversight. Just a lending suggestion, make sure you know if the condo complex is FHA approved if you are planning to use that program. Many complexes have had their FHA approvals expire this year. Of the complex isn't approved then you would usually need to have a higher down payment conventional loan. Good luck. Jason
Web Reference:  http://www.mortgageinfo.tv
0 votes
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