New Sedona Home Owner Association Disclosures

Posted By Wally Reule @ Jan 22nd 2015 7:48pm In: Miscellaneous

Beginning in February there will be a new disclosure required for new listings of homes that are governed by Home Owner Associations. Apparently there have been too many instances when buyers were surprised by large transfer fees or other related charges at Close of Escrow. Going forward, the disclosure must be made available to a buyer before the offer is made, and that acknowledged disclosure is then included with the purchase contract. Our files continue to get thicker!

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