When you purchase a home in a managed community governed by a homeowners association (HOA), you need to read the bi-laws and budgets carefully. The DiMora Team are real estate experts in the Northville and Novi neighborhoods and we know you’ll be given a mountain of paperwork to read and approve. Because there may be deal killers included in the fine print, it’s important to get to this task immediately upon receipt of the documents. Be sure to look for any information about liens against the property; current litigation against the HOA, the builder, or the developer; and any red flags in the HOA budget. Since these documents aren’t easy to read and understand, it is worth the money you’ll spend to have your attorney look them over and advise you of any potential deal killers lurking within. Check out below to see what sold in Lakewoode Parkhomes in February 2017:
22555 Cranbrooke, Novi: 3 bedrooms, 1.1 bathrooms, 1,254 sq. feet, 1 car garage, Sold Price: $146,000
Lakewoode Parkhomes Home Sold
February 2017
If you find HOA problems in the paperwork, it could potentially derail the deal but it’s better to have it happen upfront rather than when you’re further along in the process. For more information on Lakewoode Parkhomes, or similar Northville or Novi neighborhoods such as Country Place, Crosswinds West and Highland Lakes, contact The DiMora Team today at 248-505-7728 or jim@dimora.com.