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Homeowner
Associations
If you are considering a property controlled
by a homeowners association, watch out for the
following:
1.) Sometimes associations limit what pets owners
may have.
2. ) If the association allows pets, it may
limit the hours they can be outside.
3.) Parking places may be assigned coupled with
an aggressive towing policy.
Some associations
maintain pools, tennis courts, elevators, trash
collection, snow removal, grounds maintenance,
provide bus or limo service, concierge service,
and in general make life pleasant and trouble
free.
While these are nice benefits, make sure you
are comfortable with the costs associated with
them.
Tip:
If you have any
questions about purchase contracts contact your
lender or your title company. Underwriters
at financial
institutions may go over your
purchase agreement and advise
of
necessary changes.
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