Buying in a Homeowners AssociationPosted by Jen Dollar on
You've found the perfect home, and you are excited about the opportunities that it provides. You talk to your real estate agent and find yourself in a homeowners association. What does that mean, you wonder, to your ability to buy the home of your dreams? Homeowners associations are legally recognized entities that have some level of ruling over the associated area. In short, to buy a home here, you need to agree to the terms of that association.
The reasoning behind a homeowners association is to provide some level of control over the surrounding area. That is, you don't have to worry about purchasing a home and then having a neighbor next to you that doesn't take care of his or her property. These associations can take legal steps to force people into…
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