Philadelphia, Bucks and Montgomery Counties Real Estate. Tips for home buyers, home sellers by Gita Bantwal,Realtor at Re/Max Centre Realtors.: January 2011

Why should I read the rules and regulations of the Home Owner's association before buying?

A buyer was given the copy of the rules  and regulations of home owner's association and he was adviced to read it within 5 days.

They emailed me saying it was too much to read  and  asked if it  was important .

(The requirements for providing the by- laws and rules and regulations may be different in different states. )

Many communities have Home Owner's association. I advice buyers to read the rules and regulations because there may be some rules that might affect them. Sometimes sellers provide the rules at time of accepting the offer or before and sometimes they give it within certain number of days. We have a contingency in the agreement and buyers have x number of days to read it and back out of the agreement if they do not like some of the rules, within the contingency period.

When I have a listing I like to have the sellers provide it at time of agreement of sale. If pets are not allowed I mention it in the mls .

Some of the rules and regulations I have seen are :

1. no pets. or the number of pets allowed

2. Not allowed to have a  barbecue on the deck

3.color of blinds /shades

4. not allowed to park commercial vehilcles, pick up trucks etc

5 color of esterior paint

6. fence not allowed

When you look at homes you should ask if there is a home owner's association and what the monthly dues are and what it covers.  You should read all the rules because some of the restrictions may not suit your life style.

 

When you read about events please check the year for the event as some people find information a year later and think it is for that year. . The posts remain online even after the event.

Gita Bantwal is a Realtor with RE/MAX Centre Realtors in Bucks County, a Northern suburb of Philadelphia. You can view 1000s of listings on her web site www.GitaBantwal.com

 

She can be reached at 215-343-8200x124 or direct 215-275-8491 or via email gita01@aol.com

If you would like a FREE MARKET EVALUATION OF YOUR HOME IN PHILADELPHIA, BUCKS or MONTGOMERY COUNTY call me at 2152758491

 Gita specializes in Active adult communities and is a Seniors Real Estate Specialist. She holds the ABR designation (Accredited Buyers Representative) and specializes in selling to first time buyers as well as move up buyers.Gita also hold the CRS designation , Certified Residential Specialist and the CDPE designation as well. Information about real estate market is deemed to be correct but is subject to errors and omissions and should be verified independently.. Opinion expressed by me or others  in my post and comments is not to be construed to be  legal advice.I am licensed in Pa. Check real estate laws in your state as they may be different than in Pa.

IF YOU WOULD LIKE TO SUBSCRIBE TO MY BLOG         CLICK HERE   OR EMAIL ME AT Gita01@aol.com

 

Comment balloon 56 commentsGita Bantwal • January 06 2011 07:40PM
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