CID Analytics, Inc. (CIDA) is a pioneer in the field of pre-purchase due diligence services for buyers who are purchasing a home in a common interest development (CID). The CIDA Report and the CIDA Score are our proprietary due diligence products that provide homebuyers with the information they need to make informed decisions before purchasing a home in a homeowner association (HOA). The CIDA Report offers valuable insight into the administrative and financial practices of the HOA in which the home is located. CIDA is an advocate for the buyer in a transaction that has historically been tilted in favor of sellers. Our services are designed to empower buyers by providing them with the knowledge they need to negotiate the best possible terms when purchasing a home in an HOA.
The CIDA Report includes details about the current financial condition, budget practices and borrowing activity of the Association – in other words, information that every buyer should have before they commit to purchasing a home located in an HOA.
Reserve planning is the single most important and yet misunderstood aspect of HOA governance. The CIDA Report provides invaluable insight into the Association’s reserve planning efforts and current funding strategy and information that may not be available from any other source.
The proper insurance program is a crucial component of a financially stable and sustainable HOA. Buyers should know what type of coverage is included in the Association’s master insurance policy and how it impacts the coverage they will be required to maintain as a member of the HOA.
The HOA Detective is the blog space of Carson Horton, RS®. Carson is the CEO and co-founder of CID Analytics, Inc. Through the HOA Detective blog he shares his insight about the history of private residential communities; the current state of the industry and topics related to HOAs. The HOA Detective addresses serious issues in a candid and entertaining manner that is designed to enlighten, inform and empower those who choose to venture into the HOA ecosystem.
If you are a buyer who has received a CIDA Report or an agent who has represented a buyer that purchased a report, we invite you to submit a review. Please be as detailed or as brief in your comments as you wish. Comments will be reviewed to verify the authenticity of the reviewer prior to publication. Your last name and contact information will not appear in the comment when it is posted on our site. References to specific individuals by name should be avoided, as should the use of inappropriate language.
Thorough review and an assessment of the HOAs documents. Most important was that the materials were put in the context of other HOAs. Carson was very accessible and forth coming.Steve March 15, 2018