THE HOA IS ATTACHED TO THE HOME …
MAKE SURE YOU CAN LIVE WITH IT!
We’re here to provide a California HOA Compliance Document Review for a stress-free evaluation!
We’re here to provide a California HOA Compliance Document Review for a stress-free evaluation!
The Risk to Sellers from an
Incomplete HOA Disclosure
The California Davis-Stirling Act requires sellers of properties with an HOA to provide buyers with an extensive set of documents. This allows buyers to either accept the HOA or cancel the purchase contract without penalty within a specified number of days.
Sellers often assume the HOA disclosure package they paid for is complete, accurate, and fulfills their disclosure duties per Civil Code. Unfortunately, this is often not the case.
Our Service for Sellers:
We’ve got your back! Our team will review the HOA package and identify any missing or outdated documents.
We do not review the content of the documents, only that they are included and current as required by California law.
Sellers often assume the HOA disclosure package they paid for is complete, accurate, and fulfills their disclosure duties per Civil Code. Unfortunately, this is often not the case.
Our Service for Sellers:
We’ve got your back! Our team will review the HOA package and identify any missing or outdated documents.
We do not review the content of the documents, only that they are included and current as required by California law.
The Risk to Buyers from an Incomplete HOA Disclosure Package
Don’t let your dream home come with nightmare HOA surprises!
Conducting a comprehensive California HOA document review is crucial. The documents offer critical insights into the financial health of the HOA, including annual operating expenses and long-term reserves for future repairs. These expenses are paid from the HOA dues collected from owners.
The documents also outline property restrictions, maintenance and repair obligations, as well as the rules, regulations, and policies governing the use of the home you are purchasing.
Ready for peace of mind? Order a HOA Compliance and Document Review – $595
Conducting a comprehensive California HOA document review is crucial. The documents offer critical insights into the financial health of the HOA, including annual operating expenses and long-term reserves for future repairs. These expenses are paid from the HOA dues collected from owners.
The documents also outline property restrictions, maintenance and repair obligations, as well as the rules, regulations, and policies governing the use of the home you are purchasing.
Ready for peace of mind? Order a HOA Compliance and Document Review – $595
Can you confidently identify missing documents from the HOA Disclosure package? Don’t assume the third-party vendor providing the HOA disclosure package conducts a quality control review—they don’t.
Are you able to review the HOA disclosure package to understand the key points of HOA governance and finances, ensuring no unpleasant surprises after closing?
Do you know where to look in the package to determine the recommended and maximum annual increase to the HOA dues?
Can you identify the current and future Reserve Deficiency per Unit?
Are you able to assess the likelihood of a lump sum Special Assessment to cover the Deficiency per Unit that would be charged to the owners?
Do you know how to determine if the Elevated Structures Inspection (SB326) is required and whether it has been completed?
Are you aware that the Elevated Structures repair costs may not be reflected in the Reserve Study?
Few HOA disclosure packages are complete and current. Many are woefully inadequate.
Avoid unexpected financial surprises in the future! Order a HOA Compliance and Document Review today!
Are you able to review the HOA disclosure package to understand the key points of HOA governance and finances, ensuring no unpleasant surprises after closing?
Do you know where to look in the package to determine the recommended and maximum annual increase to the HOA dues?
Can you identify the current and future Reserve Deficiency per Unit?
Are you able to assess the likelihood of a lump sum Special Assessment to cover the Deficiency per Unit that would be charged to the owners?
Do you know how to determine if the Elevated Structures Inspection (SB326) is required and whether it has been completed?
Are you aware that the Elevated Structures repair costs may not be reflected in the Reserve Study?
Few HOA disclosure packages are complete and current. Many are woefully inadequate.
Avoid unexpected financial surprises in the future! Order a HOA Compliance and Document Review today!