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| *Ostroff, Fair and Company>>>Renting & Real Estate |
Can i get cc&r's before buying ? |
i was told that i would get the cc&r's after i bought loft. i want to read these before i put out $ 400,000. maybe i dont like the rules, or restrictions. I would make the offer "CONTINGENT" upon review and acceptance of the C,C,&R's Sounds pretty fishy they don't want you to see the rules you're going to have to live under till after the deal is closed and you now have no recource to getting out of the deal. I would NEVER buy in a HOA without also knowing, understanding, and agreeing to live by the rules of the C,C,&R's. Terry S. http://www.Welcome2Arizona.com P.S. If your Realtor told you not to look at C,C,&R's till after the close, get another Realtor! Yes, make a review for acceptance of the CC&R's a condition of your offer. Put in in your written offer to purchase. 20+ years as a direct mortgage lender I dont know the law where you are but when I sold real estate it was always contingent upon buyers review of the CC&R's if you have made an offer you get 10 days to review the CC&R's before you buy.. what if you have 3 cars and they only allow 2? what if there is no extra parking?.. they should have to let you read it before you commit. Ask your Realtor. You are legally entitled to get the CC&R's before extending a purchase offer; they are a public record. And, as should be obvious, you should read them carefully before making an offer. Sure. You can ask your Realtor or a title company for them. Some HOA's are dysfunctional units, the HOA enforcement gurus trotting around the neighborhood, enforcing the HOA's with a vengence. Other HOA rules are loosely enforced, if at all. Sometimes a change in the HOA board brings a tumultuous entrance into power, they want change and by God they are going to get it. Then things settle down. Maybe take a walk around the neighborhood you are considering, talk to some of your potential neighbors about how the HOA operates. Oregon Realtor |
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