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Praful Thakkar, Metro Boston Homes For Sale (LAER Realty Partners)

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Rainmaker
5,469,863
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Real Estate Broker

Why not? I post HOA docs in MLS attachments everytime I list a property. That way agents can pull them off of MLS and not bother me. These are publicly registered documents, in any event, so why keep them a secret? Maybe there's something in the documents that a prospective buyer would decide takes a specific condo off their possibilities list and that way the buyer is not wasting his/her time, his/her agent's time, seller's time to look at something they wouldn't buy because of something in the docs.

Jun 05, 2018 04:27 AM
Ambassador
5,623,500
Debe Maxwell, CRS
Savvy + Company (704) 491-3310 - Charlotte, NC
The RIGHT CHARLOTTE REALTOR!

Sometimes if the docs aren't posted online, I will ask for them for a variety of reasons including:

  • If it's an investor buyer and we need to know owner-occupant requirements/rental cap
  • How many pets are allowed or if there is a size maximum
  • Fees
  • Assessments
  • Financials

Some buyers don't want to waste time touring if the complex doesn't meet their needs.

Jun 04, 2018 10:21 PM
Rainmaker
288,208
Jerry Thomas-Construction Loans
Cranbrook Loans - Farmington Hills, MI
Construction Loans in MI, OH, PA, CO VA, GA and FL

I'd get a copy and make it available to anyone that wants it. We have the ablility to include it with the listing.

Jun 05, 2018 03:27 AM
Rainmaker
1,076,164
Ritu Desai 703-625-4949
Samson Properties - Chantilly, VA
Northern Virginia,Washington DC & Maryland Realtor

Absolutely! it is better to accept an offer from the buyer that is 100% sure about purchase decision over a buyer that may walk out on condo docs later. 

Jun 05, 2018 03:02 AM
Ambassador
2,651,357
Kat Palmiotti
eXp Commercial, Referral Divison - Kalispell, MT
Helping your Montana dreams take root

Sure, what's the harm in providing them? if the buyer or buyer agent wants to review them, have at it.

Jun 05, 2018 03:00 AM
Ambassador
2,728,878
Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

Absolutely.  This is a huge issue in Florida.

      You can save time for both Buyer and Seller if the COA and relevant documents, including financial and legal obligations, are not going to be acceptable to Buyer.   

     Also, whatever Docs your seller or their agent has provided may not include everything pertinent to the COA.  Have an attorney or a title person make certain that your Buyer gets all documents during the contingency period.

See Florida Statutes 718.503

Jun 04, 2018 10:37 PM
Rainmaker
1,125,168
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

Yes! There are plenty of reasons to review condo docs before considering the complex.
If there are deal breakers in the Covenants, why waste time going further?
Many of our HOAs have governing documents posted on their website.
I keep CCRs, By-laws and Architectural specs handy so that I don't have to request those documents and can make them available for you and your buyer in a heartbeat.
Our wonderful title companies usually have them handy digitally as well.
It's usually not a huge deal to grab them.

Jun 05, 2018 05:37 AM
Rainmaker
1,513,143
Raymond E. Camp
Ontario, NY

Yes, as there might e a rule that does not fit the buyer's lifestyle.

Jun 05, 2018 04:16 AM
Rainmaker
459,232
Emily Medvec
eXp Realty LLC - Santa Fe, NM
Broker | Realtor | Serving Santa Fe & Northern NM

Why not disclose if available? I have found educating the buyer broker about the by-laws etc is valuable and saves everyone time.

Jun 05, 2018 04:11 AM
Rainmaker
562,166
Greg Cremia
Shore Realty of the Outer Banks - Nags Head, NC

Why bother showing a condo if the docs are not suitable?

Jun 05, 2018 03:39 AM
Rainer
405,487
Libby Cousins
Extraordinary Processing - Spokane, WA
Contract Mortgage Processor, licensed in WA

I agree with the majority here, having the condo docs available for any interested party is a good idea. If I were looking at condos, I think I would actually want to see them before I considered looking at the property to make sure that I could live with their rules/ 

Jun 05, 2018 06:46 AM
Rainmaker
1,713,581
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

I think that request is reasonable and what I would syggest is that the docs are attached in the MLS.

Jun 05, 2018 04:56 AM
Rainmaker
5,239,382
Richard Weeks
Dallas, TX
REALTOR®, Broker

Sure.  Why not?

Jun 05, 2018 04:46 AM
Rainmaker
544,164
Dave Halpern
Dave Halpern Real Estate Agent, Inc., Louisville, KY (502) 664-7827 - Louisville, KY
Louisville Short Sale Expert

Yes, buyers need to know about crazy restrictions before they commit their time to viewing the property.

Jun 05, 2018 04:44 AM
Rainmaker
613,494
Eve Alexander
Buyers Broker of Florida - Tampa, FL
Exclusively Representing ONLY Tampa Home Buyers

Sure. Why not?

When buyers have a pet or want to occupy the property year round, or want to understand the rules, it is always best to never depend on what the listing agent says.

Eve

Jun 05, 2018 04:40 AM
Rainmaker
4,840,828
Michael Jacobs
Pasadena, CA
Pasadena And Southern California 818.516.4393

That depends.  Although I prefer as much upfront disclosure as possible condo/HOA documents are typically not available in advance of the offer presentation in my area ---that's reality. If the owner knows certain rules or restrictions,  those are disclosed with the source of the information included. The "official" condo documents can take ten business days to be ready---absolutely ridiculous in my opinion. 

Jun 05, 2018 04:28 AM
Ambassador
6,844,687
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

I like to evaluate a property and see if the numbers are right before spending much time on it.

Jun 04, 2018 10:13 PM
Rainmaker
5,585,299
Barbara Todaro
Retired...Mentoring Newbies - Franklin, MA
Previously Affiliated with The Todaro Team

why don't you post rules and regulations with the mls listing.... make life easy for everyone.... that's usually what they want to see.... 

Jun 05, 2018 06:27 AM
Rainmaker
8,321,256
Roy Kelley
Retired - Gaithersburg, MD

Smart agents will want to provide that information for their clients.

Jun 05, 2018 06:21 AM
Rainmaker
5,636,020
Wayne Martin
Wayne M Martin - Oswego, IL
Real Estate Broker - Retired

Why not? It is an expression of interest.

Jun 05, 2018 06:12 AM
Rainmaker
687,897
Greg Large
ERA Real Solutions - Grove City, OH
A Tradition of Trust

no downside to providing the documents, I think it is a best practice to obtain them at time of listing and include in MLS.

Jun 05, 2018 06:09 AM
Rainer
477,121
J.R. Schloemer
Kentucky Select Properties - Louisville, KY

No sense in going to view the property or any property in a complex/subdivision if they have restrictions a buyer is not willing to abide by those rules, regulations, and association fees. It also aids your seller in preventing unnecessary showings to buyers that are not willing or agreeable to buying the property. 

Jun 05, 2018 05:38 AM
Rainmaker
259,473
Lesley Wilson-VanGoethem
Innovative Realty Solutions Group - Winter Springs, FL
Residential Real Estate Broker Associate

Id say it would behoove an agent to get those docs upfront , and possibly saving all parties lots of time .
We have a lot of investors looking at condos, and nothing worse than seeing it, fits all the buyers needs, location etc, get offer submitted only to find out that it cant be rented for 2 years.
Or the HOA/COA restictions on type of vehicle, pets etc..

Jun 05, 2018 05:29 AM
Rainmaker
884,937
Brenda Mayette
Miranda Real Estate Group, Inc. - Glenville, NY
Getting results w/ knowledge & know-how!

I suspect there's something specific that they're looking for...  Why not "nip it" up front rather than have everyone get all excited if they like it?  

Jun 05, 2018 04:58 AM
Rainmaker
3,075,301
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Coldwell Banker Realty

Why not?

Jun 05, 2018 04:30 AM
Rainer
509,499
Susie Kay
Ultra Real Estate Dallas Fort Worth - Plano, TX
North Dallas Specialist

If they want to read all the bylaws etc before determining whether to view the condo or not then so be it.  Sometimes they want to learn about the restriction, how much reserves it has etc.  All I do is just email them.

Jun 05, 2018 08:51 AM
Rainmaker
3,417,775
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

I get them when i list it and place them online in the mls as agent view only. It is easier than fielding such frequent requests

Jun 05, 2018 06:17 AM
Rainmaker
921,504
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

IN the property description I will include pet restrictions, age restrictions, how the fees are distributed and lease/rental rules.  Recently read a pet restriction as 'cumultaive weight can not exceed 200 LBS.'

Now as an attachment in the MLS will be the Condo Docs and latest financial.  When a request comes in for any of this information, it a CLUE who is on the other side.

The question I ask is when is the buyer ENTITLED to this information? The agent for the buyer should be able to present the need for such information in a meaningful context.  Meanwhile I just don't get into busy work thing.

Jun 05, 2018 05:25 AM
Rainmaker
1,880,668
Lyn Sims
Schaumburg, IL
Real Estate Broker Retired

I bet that she needs them for herself or for her buyer on another unit. If the buyer hasn't seen the property - no. If they have - yes.

We strive to be the 'go to' person for certain subdivisions & get taken advantage of it every day. At least I do & makes me question what the hell the management company does.

Jun 05, 2018 05:18 AM
Ambassador
5,233,831
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

I echo what Michael Jacobs  says. I share what the seller has disclosed, and a copy of the rules and regs if seller has available...but these are not the official docs until requested by escrow from the HOA during due diligence.

Jun 05, 2018 08:16 AM
Rainmaker
720,707
Richard Bazinet /MBA, CRS, ABR
West USA Realty - Scottsdale, AZ
Phoenix Scottsdale. Sellers, Buyers & Relocations

Why not? Send them over. Disclose, disclose, whatever you have. Let them figure it out.

Jun 05, 2018 07:40 AM
Rainmaker
1,510,525
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

We provide all documents up-front, on-line if we have them available. We want buyers to make intelligent offers and not find reasons to back out after going into contract. Many properties in our market are being sold “as is”. In order to make that work, it is best to get pre-listing inspections, HOA docs and all seller disclosures and provide them to interested parties.

Jun 05, 2018 06:52 AM
Rainmaker
5,774,223
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Praful,

Nina Hollander gave you the answer. A

Jun 05, 2018 06:49 AM
Rainmaker
1,554,570
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

We don't get them until escrow is entered and they have to be bought from the HOA

Jun 05, 2018 10:34 AM
Ambassador
3,467,350
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services

Why not?  There might be something in the docs that would cause a buyer to eliminate the condo project. 

Jun 05, 2018 09:00 AM
Rainmaker
75,526
Ricardo Mello
Manhattan Miami Real Estate - Manhattan, NY
Manhattan & Miami Real Estate Agent

I dont like to negotiate with custormers that havent seen the property (except for investors).

Jun 05, 2018 08:39 AM
Rainmaker
577,950
Gloria Valvasori, Accredited Senior Agent
BETTER HOMES AND GARDENS REAL ESTATE SIGNATURE SERVICE - Mississauga, ON
REAL Experience | REAL Commitment | REAL Results!

It would depend when they were requested.  Anything more than 30 days would not be current, and lawyers here would not accept that.. They would ask for a current copy..

Jun 05, 2018 07:27 AM
Rainmaker
1,435,350
Yolanda Cordova-Gilbert
Richmond, TX

I think Nina Hollander hit the nail on the head. I could not answer any better!

Jun 05, 2018 01:59 PM
Rainmaker
519,824
Dan Tabit
Keller Williams Bellevue - Sammamish, WA

It can save a lot of questions like; is there a rental cap, what's the reserve account look like, any major projects planned, any special assessments anticipated...

Jun 05, 2018 12:00 PM
Rainmaker
803,059
Tony Lewis
Summit Real Estate Group - Valencia, CA
Summit Real Estate Group Valencia & Aliso Viejo

No and this is an agent or buyer I would not want work with as they are looking for problems before the transaction begins.

Jun 05, 2018 10:58 AM
Rainer
92,082
Jon K. Judd
Keller Williams Realty - Central Delaware - Dover, DE
GRI, e-PRO, SFR, Delaware Homes

Yes, and would usually be posted on the MLS listing.

Jun 05, 2018 09:41 AM
Rainer
316,357
Byron K . Jones
Coatesville, PA
List Today - Sold Tomorrow!

yes

Jun 05, 2018 08:14 AM
Rainmaker
1,125,859
Diana Zaccaro Broker Associate
ZOOM Realty Group - Cocoa Beach, FL
"The Accidental Blogger" Cocoa Beach, Florida

I would ask the buyer why they want they want the docs. It may just be a question that a quick call to the management company can resolve. 

If not,  in my county, condo docs are recorded with the Clerk of Court so easy to access online. Our MLS also has a field for the name and phone number of the CAM or management company so questions can be directed to them.

Providing condo docs is a slippery slope since you need to be sure all amendments are included and that you also provide the Rules & Regulations and FAQ sheet (required in Florida).

But it is better to provide this info upfront rather than waste everyone's time.

Jul 04, 2018 03:08 PM
Rainmaker
5,354,556
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

I would wait to see the contract first.

 

Jun 10, 2018 09:39 AM
Rainmaker
6,107,905
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

I have had this request too, most often it is to check the pet rules.

Jun 08, 2018 06:07 AM
Ambassador
3,229,858
Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

yes, why should they come look if they have a 50 pound dog that can't live there.  I post them on the MLS

Jun 05, 2018 09:13 PM
Rainmaker
3,986,529
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

I ask for them ahead of time to see the restictions.  If they don't fit my buyers why look at the home

Jun 05, 2018 07:39 PM
Rainmaker
4,434,277
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

If they ask I would

Jun 05, 2018 11:09 AM
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