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Updated over 1 year ago on . Most recent reply

Ryan Reddi's profile image
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Ryan Reddi
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Ryan Reddi's profile image
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Ryan Reddi
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Ryan Reddi
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Buying & Selling Real Estate

Purchasing a Property w/ HOA: Seeking Guidance on Potential Pitfalls & required docs

Ryan Reddi
  • Investor
  • WA
Posted

Going to sign contract very soon for a SFR in OKC area. This is my first time buying a property with HOA, I have no experience in dealing with other than living in a apartment. What are some gotchas I should be aware of ? What to documents to request from Seller or HOA before I close this investment property?

Oklahoma City, Oklahoma
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Chris Seveney
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ModeratorReplied
Quote from @Ryan Reddi:

Going to sign contract very soon for a SFR in OKC area. This is my first time buying a property with HOA, I have no experience in dealing with other than living in a apartment. What are some gotchas I should be aware of ? What to documents to request from Seller or HOA before I close this investment property?


READ THE HOA DOCS!!!!

That is the gotcha, people do not know what they are signing up for. 

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