Home Owner Association Documents are essential to understanding the community you are looking to purchase in. This video goes over the documents I recommend most for understanding how the complex or development is being managed and an over all tone on anticipating future costs to keep HOA fees low. I explain terms and give examples. A great video to learn more about buying a home in a common use development. Great if you are selling too to refresh your memory on the community and be ready for buyer questions.
Michele Replogle, Broker Associate
Compass
620 Capitola Avenue
Capitola, CA 95010
CADRE#01454037
☎️ Call 831-818-7372
📲 Text 831-818-7372
📧 Email: [email protected]
✨ Check out my website: https://LivetheSantaCruzlife.com
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About me:
I have lived in Santa Cruz for most of my life I have attended local schools and colleges and been an active member of the community. I have been a licensed real estate agent since 2004. I have experienced some interesting markets but have never waivered in my desire to serve my clients.
I make these videos to educate the buying and selling public, and I always hope they are useful and timely. Rarely does any other event transform your life as home ownership does. My videos are an attempt to take away surprises and the fear of taking the leap of buying or selling. Follow my posts for unique takes on Santa Cruz and the current market.
00:00 Introduction
02:05 Agenda-what is an HOA
05:14 what worries people about HOAs
06:12 Documents explained
06:58 What are CCRS
Essential Hoa Documents Guide
09:05 Examples of CCR articles
19:35 Audits
20:18 Financials Assessments vs Special assessments
21:16 Reserves
25:38 Minutes Why they are so important