Today: Jul 11 , 2020

Market Made Easy: Homeowner's Association Pros & Cons

12 January 2019   Lynne LaMaster

All about HOAs.

Carissa Maxwell and Kellen Hoskins, from the Maxwell Group at Bloomtree Realty, talk about Homeowner’s Associations, aka HOA’s.

Let’s talk about terminology to start:

HOA: Homeowner’s Association

CC&Rs: Conditions, Covenants & Restrictions

"What’s really important is that you understand what you’re getting into," explains Carissa. 

Questions to ask when buying a house: 

  • How does the HOA work in this community?
  • What is the value of the HOA?
  • What kind of fees will there be?
  • What does the payment to the HOA include?
  • What maintenance does the HOA agreement include?
  • Who is running the HOA?
  • How long are CC&Rs in place?
  • What happens if you don’t pay your HOA fees?

Carissa and Kellen discuss these questions and more as they talk about HOAs in Arizona.

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