Realtors and other real estate professionals play an important role in assisting buyers and sellers in transactions involving homeowners associations ("HOAs"). Smith Jadin Johnson is here to help professionals ensure that their clients have all of the information they need to make an educated decision about their particular situation, and to make sure their transaction goes as smoothly as possible.
For sellers, this can mean legal assistance and advice regarding any outstanding charges or fees, as well as compliance with any obligations for sellers at the Association. Sellers want to be confident that all of the requirements at their current HOA are met, while also providing any required information and disclosures in a timely manner.
For buyers, this includes a complete review of the potential Association's governing documents, including a detailed explanation of the rights and obligations that owners at that Association are required to comply with. It can also include a legal opinion regarding the financial soundness of the Association, as well as any upcoming costs that may affect the decision to purchase. It is very important for buyers to have a complete picture of what they are agreeing to by purchasing a home in a particular HOA so that there are no surprises after the sale is complete.
Buying and selling a home is a significant undertaking, and we're here to help real estate professionals ensure that their clients can make informed decisions about their unique situations. At Smith Jadin Johnson, we are well-versed in all of the intricacies of association living and governance. Contact us today for a free consultation about how we can help you make sure that your clients have all of the information they need!