There’s a lot to worry about when you buy or sell a home in Santa Clarita. If you’re a buyer, you need to focus on your home inspection and the findings, repairs or credits you’re negotiating for from the seller, and of course the big daddy issue of them all is your loan. You’ll have your hands full.
A lot of home buyers in Santa Clarita buy condos with an HOA. Typically, as part of your offer to purchase the condo home, is the contingency that you must approve HOA documents and reports, which are furnished to you by escrow who receives them from the HOA.
More often than not, the HOA rules, by-laws, and financial status of the their coffers won’t make or break your home purchase, but you do have to review all of the documents, and approve of them in writing.
The problem is that the HOA can sometimes take a while to furnish escrow with the documents you need to review. Sometimes it’s the seller’s fault for not paying the upfront cost of the documents in a timely manner, which can run in the hundreds of dollars to order. Nothing is free, is it!?
This tip for Santa Clarita home buyers focuses on ordering the HOA docs in a timely manner. You can best help yourself by having the agent who represents you in the condo purchase, to follow up with escrow and the listing agent to ensure the HOA docs are ordered promptly. You might have a 17 day, 12 day, or less time frame to remove all of your inspection contingencies, including your time period to review disclosures such as the HOA documents. While the docs being ordered late would not be your fault as the home buyer unless you were contracted to pay for HOA docs upfront in the purchase agreement, it would behoove you to make sure everything is moving along in a timely manner. There’s nothing wrong with giving a nudge to others involved in the transaction to buy your Santa Clarita condo, even if it isn’t your job.
HOA docs are often an item that bust the agreed to time frames. Closing an escrow is a team effort as there are many moving parts and players involved. Next time you’re in escrow to buy a Santa Clarita condo, show your prowess and let it be known that you want HOA docs ordered ASAP so as to prevent a delay in time frames. You’ll immediately look like a seasoned Santa Clarita home buyer and be given a nice pat on the back, and potentially rewarded with a very successful and smooth real estate purchase.
Need helping buying a condo or home in Santa Clarita? ASK Robert! You can start by contacting me now @ 661-373-2374.
