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River Story Mandarin

on January 24, 2021

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Undisclosed HOA Capital Contribution

I saw a Reddit question asked that in summary said: He was the buyer and failed to disclose the capital contribution for his HOA due to his ignorance of not knowing about it. He stated the buyer is upset and worried about being held liable for the fee. NEFAR HADA is the HOA disclosure form every seller is required to give the buyer that lists all fees associated with the HOA and reads: 4. YOU MAY BE OBLIGATED TO PAY A CAPITAL CONTRIBUTION TO THE HOMEOWNERS’ ASSOCIATION. IF APPLICABLE, THE CURRENT AMOUNT IS $______________. When a seller leaves this blank, they are saying there is no capital contribution. The Seller and the Sellers's agent should have read the HOA documents before submitting this form. Both of them are responsible for not disclosing this fee to the buyer. There are many ways to resolve this issue: Seller pays for it, Seller’s agent pays for it, buyers agent pays for it, buyer pays for it, some combination pay for it or they agree to walk away. I say agree to wal

Julington Creek Plantation 2021 Review

Julington Creek Plantation 2021 Review : Julington Creek Plantation 2021 Review. 2021 was another rollercoaster year for homebuyers in Julington Creek Plantation as competition and prices rose.

New Homeowner Demands Curtains

A Reddit user had the following story about the buyer of their home showing up to their new house and serving them with court papers because they removed curtains from the house they sold. They asked about the possible outcome. They stated they told their agent. Sadly this happens too much. Real estate agents rarely go through the details of the contract and make sure all the items the seller is taking with them are listed in the contract as not included in the sale. This is why an experienced Realtor is necessary so you don’t end up getting served with court papers. However, the Buyer in this situation is correct that the curtains are theirs, while the way they did it is wrong. In court the most likely outcome is the buyer getting the curtains, a lawyer could give a definite answer. Most buyers ignore removed curtains and other items but this is a great example of how a low-quality real estate agent can burn you.

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