Attorneys

The role of real estate attorneys transacting in properties with HOAs is continuously growing along with the expectations of clients. Despite increased efforts and detailed reviews of HOA minutes, uncertainty remains and buyers and sellers are still often unable to come to a consensus. But you have a new cost-effective tool to make buyers and sellers comfortable to close the deal with peace of mind.

Sellers can lower their costs by offering an HOA Warranty in lieu of giving a credit or providing an escrow hold back while still addressing buyer concerns.

Buyers can receive tangible reassurance for an extended period of time by negotiating an HOA Warranty as part of their offer or purchasing directly to coincide with the close. Special Assessments happen quick.

HOA Warranty is only available at the point of sale and can either be negotiated as part of the contract or purchased by the buyer directly to coincide with the close, so don’t miss out. It is available for properties that are part of a homeowner’s association with 5 or more units at the point of sale. Self-managed buildings are currently eligible for a 1-Year HOA Warranty. Professionally managed buildings are eligible for the 1-Year, 2-Year, and 3-Year HOA Warranty.

Available in IL, IN, MI, OH, PA and NC. Coming to more states soon.

Additional requirements apply. Please see the Terms of Service for the complete set of rules and restrictions.