HOA Agreement: 3 Things You Need To Know Before Entering One MABA Massachusetts FirstTimeHomeBuyers RealEstate

Whether you’re single, newly married, or have a large family, there are a ton of reasons to live in a development community. These popular places have neighborhood pools, tennis courts, fitness centers, and frequent activities to keep adults and kids sane in the summertime. Even if you don’t plan on using them regularly, amenities can indirectly boost property value when you’re ready to sell or rent. Of course, all these features cost money, and that’s where a Homeowner’s Association (HOA) comes in. If a property is in an HOA, the resident must sign an agreement to become a member. It doesn’t matter if you’re entering into a For Sale By Owner (FSBO) or a For Rent By Owner (FRBO) deal. The person who takes over the house or condo is considered part of the membership.

1. CC&Rs

HOAs have governing documents and…………………

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FIRST TIME HOMEBUYERS