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Condo & HOA Smart Announces a New Service to Help Home Buyers Reduce their Risk

For many, purchasing a home is one of the biggest investments of their life—but it can also be risky if Due Diligence isn’t done. Introducing Condo & HOA Smart, a new and first-of-a-kind service providing Condo & HOA Due Diligence, nationwide.

 
Not All Surprises are Good!
Not All Surprises are Good!
PRLog - Oct. 30, 2012 - DAVIDSON, N.C. -- Condo and HOA Smart offers a new and first-of-a-kind service that performs Due Diligence on Condo and Homeowner Associations to determine the financial health of the association, along with other critical information.

This information is important for home buyers to have before they close on a new home. It helps them determine any future risks and also provides them with the information they need to assist with their decision.

Real estate broker, Association Management Specialist and CPA, Gail Pizetoski founded Condo and HOA Smart after 25 years experience working with Condos and HOAs as an auditor, tax preparer, association manager, trainer and industry consultant. Now, her in-depth industry experience is benefitting homeowners.

Pizetoski says that real estate agents and prospective home buyers have the task of researching a property’s association early on in the buying process—research that can be time consuming and daunting to most buyers who lack the time and experience to do the proper Due Diligence.

That’s where Condo and HOA Smart steps in.

“All HOA-governed communities are subject to rules and regulations, but many people buy into a community and don’t know what they are getting into,” Pizetoski said. “What types and sizes of pets are allowed? Are there rental restrictions? Can they smoke in their condo?, Is there enough parking? Are any major repairs planned?, Is a special assessment planned?, Does the association have a reserve fund?, If so, is it adequate?”

It is important that home buyers know exactly what they’re getting, beyond the location and number of bedrooms a property offers. This is especially important for the many homes located in communities governed by Condominium and Homeowner’s Associations (HOAs).

Condo and HOA Smart answers those questions and more through their Due Diligence process that includes inspections and analysis of an HOAs governing documents, rules and regulations, cash flow, financial statements, reserves, budgets and more. This information is used to determine the financial health and any livability issues of an HOA for the benefit of real estate agents and home buyers.

“Having audited many HOAs and founded and managed an association management company for ten years, we know community associations inside and out,” Pizetoski said. “We have extensive experience and a strong background in this industry and are thoroughly familiar with reading the governing documents, analyzing the financial statements and we know the right questions to ask. The inspection report that we provide is just as important as your property inspection, if not more.”

Home buyers and real estate agents can download a Free Inspection-Due Diligence Checklist from Condo-Smart.com. The checklist provides a general guide for the HOA inspection process and tips on areas that will need to be researched and questioned.

To order a Inspection and Due Diligence Report, visit http://www.Condo-Smart.com and complete the order online. Once all the requested documents (usually provided by the seller/homeowner) are given to Condo and HOA Smart, they begin the inspection process and complete it within 72 hours. A professional, detailed report is then emailed to the buyer or realtor. Rush service is also available. For more information visit Condo and HOA Smart’s website at http://www.Condo-Smart.com and also follow them on LinkedIn and Twitter.

Photo:
http://www.prlog.org/12011438/2

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Contact Email:
***@condo-smart.com Email Verified
Source:Condo & HOA Smart
Phone:800-572-2360
Zip:28036
Location:Davidson - North Carolina - United States
Industry:Real Estate, Family, Home
Tags:condo, hoa, buy, Real Estate, condo association, condo rules, due diligence, board member
Shortcut:prlog.org/12011438
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