Law Office Of James R. Nelson & Associates, LLC

Buying a home in a homeowners association (HOA) community offers perks like well-maintained neighborhoods and shared amenities, but it's essential to understand your rights and responsibilities in case issues arise.

With that in mind, our team has compiled a brief overview of HOAs’ and homeowners’ rights. Swipe to learn ↩️

Understanding these rights can help navigate your HOA community with confidence and protect your interests.

I get the question “How fast can we close?” often. Most of the time it is a cash deal when they are asking that question (otherwise ask the lender). So when things were VERY busy four months ago, it took two to three weeks to get a survey. Now we can get one in four days. So the answer is very fast UNLESS there is an association. The issue with an association is we need closing documents and we don’t want the seller to go through the expense of ordering those unless we have cleared Attoeney Review and Inspection. We cannot reuse those docs if the deal falls apart. Additionally keep in mind that there are rush fees when we order and need them in less than 7-10 days depending on the association. Now work backwards and remember we probably won’t even get an Attorney Approval Letter from the buyer’s attorney until day 5. Give us a day or two after that to reach an agreement and then 7-10 days after that. If there is no association, we could close one day after an agreement on AI right now! A survey can be reused so we don’t care as much if the deal falls as long as the seller is still planning on selling to someone else.