Prudential Town and Country Real Estate-781.237.8787-Serving Greater Western Suburbs of Boston

Before buyers purchase a condominium or other residence that is part of a homeowners association, they should take the time to become familiar with the latest annual report and the bylaws (covenants, conditions, and restrictions) that define every homeowner's responsibilities, from property upkeep to upkeep to dues. To best protect themselves and the value of their homes, prospective buyers should ask the association manager what the 90-day delinquency rate is. An excessively high percentage of delinquencies may be indicative of a mismanaged homeowners association or neighbors with budges stretched beyond their limits. The reserve fund, which is money set aside for long-term projects and emergency repairs, should also be checked. An experienced real estate agent can help with a thorough evaluation

Buying a condo or townhouse is about more than four walls and interior space; it also means buying the homeowner association. Smart buyers scrutinize all the homeowner association documents. If you have any questions, please call us at 781-237-8787. We are ready to show your home, answer questions, or attend to your needs. Our approach to real estate includes successful partnership, understanding of business relationships, and long-term commitments.