When wanting to buy or sell real estate, if there is a Home Owners Association, you need to do some additional investigations.
In some cases buying a home within a HOA controlled community can be a deal break for a real estate buyer. For example, there are certain communities which limit the number of pets a person can have. There are also certain communities which limit the size of said pets. That can be a deal break for some wanting to buy real estate, but who love their pets more than owning a home.
It's very necessary for a real estate seller to know what they can expect when a buyer approaches. If that buyer has pets, the seller may lose out if where they live is controlled by a home owners association.
In most cases the sellers already know what the HOA allows and what it does not. Within a Santa Clarita real estate transaction, the home buyer should also be brought up to speed within the disclosure process. There will come a time when the HOA documents will have been ordered by escrow. The Escrow company will have the home seller pay for those documents. Even if the home owner has a copy, that will not suffice. Escrow deems it necessary to order them from the HOA directly. That is because there may have been changes, updates and other additions/deletions from the HOA documents the seller has in their possession.
Please listen to our real estate Housing Radio Show. I'm Connor MacIvor, your show host and your personal Real Estate Agent serving the Santa Clarita Valley Cities.