Comments on: HOA Upfront Charges http://www.mytucsonblog.com/homeowner-associations/hoa-upfront-charges/ Everything you need to know about Tucson and Real Estate - and then some Fri, 30 Jul 2010 17:05:44 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Charles http://www.mytucsonblog.com/homeowner-associations/hoa-upfront-charges/comment-page-1/#comment-1688 Charles Thu, 01 Jan 2009 17:31:12 +0000 http://www.mytucsonblog.com/?p=1278#comment-1688 I'm under a HOA management which does nothing but charge me $360.00 I was told when I purchased my home in 2007. Later I found out the fee was actually $460 a year, now they have an increase of $24 for what? I can follow all rules in my neighborhood with out paying $126 every three months. How can I get out of this so-called contract that does nothing for me at all? I’m under a HOA management which does nothing but charge me $360.00 I was told when I purchased my home in 2007. Later I found out the fee was actually $460 a year, now they have an increase of $24 for what? I can follow all rules in my neighborhood with out paying $126 every three months. How can I get out of this so-called contract that does nothing for me at all?

]]> By: Chris Centuori - Arizona Home Owner's Management Experts http://www.mytucsonblog.com/homeowner-associations/hoa-upfront-charges/comment-page-1/#comment-1263 Chris Centuori - Arizona Home Owner's Management Experts Wed, 20 Aug 2008 03:33:38 +0000 http://www.mytucsonblog.com/?p=1278#comment-1263 I am with Arizona Home Owner's Management Experts here in Tucson. The cancellation fee (which we do not charge) seems like a way to help make up for the thousands of dollars in lost transfer fees that the HOA mgmt. companies used to rake in during the real estate boom. A lot of mgmt. companies are hurting right now because they depended on transfer fees for so many years and set their maintenance fees too low. Now they are stuck so they look for other places to places to charge more fees. There has been a lot of abuse by mgmt. companies in the area of transfer fees. The costs of processing the paperwork (on disk) is minuscule with today's technology. Companies like Condocerts can process the transfer for peanuts...almost nobody sends out a 3 ring binder as thick as a phonebook with ccrs anymore. Even a cancellation is no big deal....it takes five minutes to submit the demands to companies like Condocerts. The "overage" covers liability (the HOA's and Mgmt Company's liability) and labor to inspect the properties for violations. We think some of the surplus, if any, should go back to the HOA. Nice blog! I am with Arizona Home Owner’s Management Experts here in Tucson. The cancellation fee (which we do not charge) seems like a way to help make up for the thousands of dollars in lost transfer fees that the HOA mgmt. companies used to rake in during the real estate boom.

A lot of mgmt. companies are hurting right now because they depended on transfer fees for so many years and set their maintenance fees too low. Now they are stuck so they look for other places to places to charge more fees.

There has been a lot of abuse by mgmt. companies in the area of transfer fees. The costs of processing the paperwork (on disk) is minuscule with today’s technology. Companies like Condocerts can process the transfer for peanuts…almost nobody sends out a 3 ring binder as thick as a phonebook with ccrs anymore. Even a cancellation is no big deal….it takes five minutes to submit the demands to companies like Condocerts.

The “overage” covers liability (the HOA’s and Mgmt Company’s liability) and labor to inspect the properties for violations. We think some of the surplus, if any, should go back to the HOA.

Nice blog!

]]> By: Kevin Warmath - Alpharetta Real Estate http://www.mytucsonblog.com/homeowner-associations/hoa-upfront-charges/comment-page-1/#comment-1217 Kevin Warmath - Alpharetta Real Estate Sat, 02 Aug 2008 01:52:32 +0000 http://www.mytucsonblog.com/?p=1278#comment-1217 ya know, i don't blame Lewis. I have no idea if the amount of the fee is reasonable, but i don't blame them for trying to collect a fee for service. Many more contracts are canceling before closing and attorneys, lenders and realtors don't get paid even after a lot of work has been done on behalf of the client. I have no problem with people asking to be paid for their service...i just wish realtors, particularly buyer's agents, had a better way of securing some compensation for their effort and time when a deal fails to close and the buyer has no legitimate reasons for not closing. ya know, i don’t blame Lewis. I have no idea if the amount of the fee is reasonable, but i don’t blame them for trying to collect a fee for service. Many more contracts are canceling before closing and attorneys, lenders and realtors don’t get paid even after a lot of work has been done on behalf of the client. I have no problem with people asking to be paid for their service…i just wish realtors, particularly buyer’s agents, had a better way of securing some compensation for their effort and time when a deal fails to close and the buyer has no legitimate reasons for not closing.

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